Why you need a bill of sale at closing We recently bought a land home deal, which is a mobile home being sold with land. We call it a land home deal because you can buy just the trailer and not the land. This takes place in a mobile community or somewhere else where you own the home but rent the lot it sits on. Buying a mobile…
I have lots of questions I’m going to be open and honest with you about something that’s been going through my head. It stems from a conversation Ashley and I were having before bed. As I was laying there, something dawned on me. I looked over at Ashley and said, “I have to be honest. Being a parent is not how I envisioned it.” She looked over…
Rental Application Procedure The way we take rental applications has changed over time. When we first started, we would take lots of pictures, a video tour and then upload all that material to a website that we could advertise on for free that would also syndicate to other sites like Zillow and Trulia. We would then put hand-painted red signs in the yard of the property listing all the…
Find a routine We got back from a weeklong stay at the beach at 10 p.m. last night. That’s kind of late for us. But we got everything in the house and were in bed by 11 p.m. so I could get up and be at the gym this morning by 5:30 a.m. Now, I’m here to tell you, it felt really, really good to be in my…
You have to go inside the house My sister and her three kids are moving cross country — and I mean literally from one coast to the other. On the fifth day of their long car trip, they finally made it to Georgia and stopped in to spend the night at our house for some family time and a much-needed reprieve from hotel rooms and restaurant food. We…
Foreclosure Tidal Wave I watched a pretty cool TED talk on how tidal waves are formed recently, and I learned some really interesting stuff I would like to share with you. The first thing I learned was that the name of tidal wave is a little bit of a misnomer because they have nothing to do with the ocean tidal system. Then I learned about the term tsunami,…
Is cash king? I will never forget the first deal Ashley and I had ever done that was severely damaged by fire. The year was 2011, and the deal, which we call the burnout, was a 1992 single wide located in a mobile community in Dalton, Georgia. That house was the third deal Ashley and I had ever done. A burnout on our third deal sounds pretty gutsy…
It can be exciting and scary We went to dinner recently with a group of investor friends over in Dawsonville, Georgia. Some Ashley and I have known for years, and others we had just met that day. As we sat around the table, we discovered that one of them had recently made the move to become a full-time investor. When I say recently, I mean three months ago….
Should you go to a REIA? When Ashley and I got started in on our real estate investing journey we had no idea where to go or who to turn to for education — or guidance in general, for that matter. The first course we took was on creative financing. We overpaid, maxing out our credit cards to get the $12,500 class with a big-name investing education company. …
Passive income equals freedom I was sitting on a plane recently getting ready to take the longest flight I have ever been on. It was from Atlanta to Portland, and it was going to take 5 1/2 hours. And I was wondering what I was going to do with myself for that long. When I boarded the plane, I was a little taken aback. It was huge. A…