Archive
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 pay you 10 cents...
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, new floor covering and new...
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...
The secret formula to investing success “Opportunity is missed by most people because it is dressed in overalls and looks like work.” -Thomas Edison I’ve been blessed to know and have relationships with some truly great investors. One family in particular adopted Ashley and me as their real estate kids. You always hear great things about these people, and they’re very well known in the...