Archive
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 Boeing 767 looks like one of the plans you see...
I do not envy flippers I was told the same thing twice this week by two different financial advisors of mine. They both said, and I quote: “I do not envy flippers.” The first instance happened on a weekly call I have with a company called Simple CFO. Simple CFO is a team of accountants with specialized knowledge about the real estate investing world, and they integrate a program...
A true servant’s heart We have a list of five core values that define who we are as a company. These values are something that everyone in our company must share. We literally hire and fire based off of these core values. And I will share them with you. In order, they are: We have a servant’s heart. We always do the right thing. We are driven to succeed. We are hard working. And we are...
Tenant at will Well, I recently found myself in court with an inherited tenant. When I say inherited, I mean the tenant was in place when we bought the property. Our problem was not because of nonpayment but instead because of an unruly dog. Now, I like dogs. And our company is pet friendly. But when I did the inspection on the house, I could see this animal did not have a good...
O appraisal, where art thou? When Ashley and I did our first flip in 2012, the property was located on Atlas Way in Calhoun. It was a three bedroom, two bath brick ranch that we bought at a foreclosure auction for $19,178. That number sticks out in my mind because it was the biggest purchase I had ever made at the time. It was also the biggest cashier’s check I had ever seen. Do remember,...