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Pay your friends and family If you are new to real estate investing, one of the biggest questions you may have is, “How am I going to pay for my first deal?” I know it was for me and Ashley when we started. Truthfully, we had no idea where we were going to get the funds to close on a house if we got an offer accepted. That’s because we were two broke kids, with a mound of student...
The best way to maintain your assets Let me ask you a question. Is a rental house an asset, or a liability? I ask this question a lot and most of the time people say a rental house is an asset. When I ask them why, they kind of shrug and say that they just assume that it is. Well, for us to decide one way or the other, we need to know the difference between an asset and a...
Should you do it yourself? This week I got a call from my lead man Charles. He was changing out the galvanized plumbing under a flip house because the water pressure had become very reduced due to the buildup of corrosion in the pipes. All was looking good until he went to tie back into the main water line coming from the street. Everything under the house, including the...
We don’t do short term rentals “Mr. Insurance man, we don’t do short term rentals.” This was an actual conversation I was having this week when we got approached by an insurance company looking for a rental for one of their clients. The client’s situation was they had had an accident that had destroyed their home. And when I say destroyed, it was a total loss. They were...
They are making a lot of noise, but they aren’t going anywhere I recently had a pretty cool wealth analogy fall in my lap that I would like to share with you. It happened while I was out for a long run with my buddy Cody Johns. And when I say long, it was 10 miles. Now, you should know that I don’t consider myself a runner. I can run, but I don’t feel like I was designed for it....