Archive
Have you ever started on a property just knowing it was going to be a homerun? I know we have. One that sticks out in my memory was a 2,000-square-foot, three bedroom, three full bath, brick ranch on eight acres. We purchased this house for $40,000 and did a jam up rehab, including custom tile, hardwoods and new counter tops. We put a new roof on it, installed a new HVAC system,...
I’m so sore right now. My hands hurt, I have bruises and cuts all over the place, and my back is killing me. This is all from doing something I haven’t done in a long time: I’ve been framing on a house. Sometimes I get asked if having a contractor’s background has helped us in our investing career. To begin with, it did. When it was just Ashley and me, I could do most of the...
So, I had an epic fail this week … in front of everybody. We have a praise day at my congregation a couple of times a year. The praise offerings range from the reading of psalms and other verses that have spoken to the reader to recitations of poems — and then, of course, music. I had planned to sing and play a special song on my guitar that had spoken to my heart. ...
I had an interesting time with contractors last week. We have five rehabs going right now, which means we are dealing with lots of contractors and many different schedules. And last week’ workflow was, well, inefficient at best. I had one contractor go MIA. I chose that term because we didn’t know he was gone. He normally goes out, works and sends us his invoice when he is done. At...
The two main obstacles most beginner investors experience are “Where do I find a deal?” and “How do I pay for it?” This situation feels a lot like the age-old question, “What comes first — the chicken or the egg?” In order to buy a house, you need to secure funds to pay for it. But in order to secure those funds, you need to have a deal under contract to present to your lender....