Financial Freedom One House At A Time
What is a market inversion? Are you familiar with the term market inversion? If not, that’s OK. I wasn’t until recently. But as real estate investors, you need to understand what it is, and more importantly, what it means for the current and upcoming real estate market. First off, let me give a quick overview as to what market inversion is from my understanding, and then I’ll tell…
How do you measure success? I was standing in a store the other day buying materials for a project when I saw a friend I haven’t seen for years. He also happened to be buying things for a project he was working on. We talked for a while, catching on up on the past. Toward the end I said, “So, you’re still at it” in reference to his…
Multiple Offers How many of you would love to get multiple offers on one of your flip properties? Normally I would too because that means better offers when buyers are competing over you. But we have had multiple offers on a great house up in Whitfield County that — well, let me just tell you about the situation. First off, when I say this is a great house,…
You can change the world Recently, I was standing in line at a home improvement store purchasing lights and other finishes for two flip projects we have going. As the cashier was ringing me up, I struck up a conversation with her about how life was going. Life has been challenging for her, to say the least. She is battling kidney disease, one of her children has Stage…
Move-in inspections I was out doing service calls on some of our rentals yesterday. There’s a reason for that. It’s mainly that I like to handle the repairs listed on a newly installed tenants’ move-in inspection sheet. First, let me tell you about the importance of the move-in inspection process, and then, I’ll explain why I like to handle those repairs myself. During the lease-up process, which is…
Invest in yourself I wonder if we, as real estate investors, get so caught up in flipping and landlording that we don’t take time to focus on what the word “invest” really means. One definition of investing is to devote one’s time, effort, energy or money to a particular undertaking with the expectation of a worthwhile result. Now, that’s easy to wrap your head around with a flip…
All work and no play As I write this, I’m sitting at The Feast of Tabernacles, also just called Sukkot. If you aren’t familiar with The Feast of Tabernacles, that’s where Yahweh commanded the children of Israel to live in temporary dwellings for seven days. This is to remind them of the time they wandered in the wilderness for 40 years, during which, they dwelt in tents — not…
Start the ball rolling Does this scenario sounds familiar? Rent is due on the first and late after the fifth. After 5p.m. on the fifth, you send a letter of demand via email and a text that says the tenant needs to pay or move from the property by the ninth. If not, you’ll have to file dispossessory at court. On the morning of the ninth you…
Evil’s greatest tool I read a story recently in a book called “Chop Wood, Carry Water” by Joshua Medcalf that I would like to share with you. It goes something like this: Once, there was an evil old witch who was going out of business. As such, she decided to have a yard sale to get rid of all the ‘tools’ she had used over the years in…
What I learned at Magistrate Court Yesterday I got to do something that all landlords are forced to do at one point or another. I had to go to court over a dispossessory that we had filled on a tenant due to non-payment. We’ve been blessed. We’ve only been to court a total of four times in nearly a decade of landlording. That’s because most of the…