“Mamas, don’t let your babies grow up to be broke kids” When meeting with sellers, your No. 1 goal should be to solve real estate problems. You should tell them something like, “I’m about to ask you some crazy questions. That’s because my job isn’t necessarily to buy your house; it’s to solve real estate problems.” I even tell them that allowing me to buy their house…
Do your notes need to carry interest? I was at worship the other day with a five-yea- old who was trying to sell his Rubik’s Cube. I didn’t know they still make those things, but for fun, I played along and asked him how much he wanted for the toy. Tyner: “Nine hundred sixteen”. Me: “Nine hundred sixteen what?” Tyner: “Cents.” Me: “OK, how about this; I can…
As a beginning investor, you’ll find yourself doing all kinds of projects you aren’t equipped for. When you are in one of these situations, make sure it’s because you have to, not because you’re being cheap.
Trailers is as trailers does I’m a big fan of mobile homes. To me, they have the best returns, by far, of any investment in real estate today. But be aware, mobile homes are quirky. We have a doublewide on Berry Bennett Rd. It was a little rough when we bought it, but we got it rehabbed and looking nice. We did all the normal stuff like painting,…
What’s going on at the foreclosure auctions? In Georgia, foreclosure auctions happen the first Tuesday of ever month on the courthouse steps between 10am and 4pm in each county. In order for a lender to foreclose on a property, they must put the public on notice by advertising in the local legal organ for four consecutive weeks prior to the auction date. In 2012, Ashley and I found…