Archive
They happen. What, evictions? Sometimes. If you’re a landlord, chances are you’ll have to file for an eviction at some point. I’d like to walk you through what you should do when filing for dispossessory so you won’t feel as unprepared as I did the first time I had to. Start by notifying your tenant that they haven’t paid by giving them a letter of demand. This letter informs your...
Lonnie Deals are financial boomerangs: I want to tell you about one of my favorite deal structures: the Lonnie Deal. That’s when an investor buys a mobile home on a rented lot for cash and resells it, offering owner financing to the buyer. The reason I love them so much is they fit into any investor’s portfolio at any experience level. They work especially well for beginning...
Six degrees and six vacancies... Oh shazbot! It’s six degrees outside. Well not exactly. Technically it’s in the teens, but with the wind chill, it feels like six degrees. Needless to say, this is not normal weather in Georgia. There’s ice and snow everywhere. And as I lay in bed this morning, all I could think about was all the ways this weather could affect the six vacant houses we have...
How to get started in real estate investing? So what’s the best way to break into real estate investing? You may think you should start by getting approved for a loan. Maybe you think you should meet with contractors, realtors or even lawyers first. Perhaps you should buy one of those seminar packages who come with a mentor that will tell you exactly what to do next. Here is a...
Knock on the door of success: It’s that time of year again. It’s time to evaluate last year, to celebrate your successes and investigate where you need to improve. Once that’s done, you can move on to the all-important task of setting goals for 2017. Are you excited? Something I love about this time of year is that personal development goes into overdrive. If you’re like me, you’re...