Archive
Don’t let a rental eat your seed corn: Jimmy Napier is one of my teachers. He’s an old country boy from Chipley, Fl., and when you listen to his recorded classes, his accent and story telling reminds you of a young Andy Griffith. And just like Andy talking to Opie and Barney, Jimmy uses roundabout parables to teach you about investing. One story he tells is about corn. It...
How the Fourth Commandment will make you a successful investor It never fails: each time we start a new property a contractor will ask me why they can’t work for us on Saturdays. You see, our job sites shut down on Saturdays. That’s because I observe Sabbath from sundown on Friday night to sundown on Saturday night - and no it’s not because I’m Jewish. Believe it or not, I...
If you want to learn about real estate investing, buy the man lunch I’m often asked where the best place to get education is for new investors. Truthfully, some of the best seminars I’ve ever taken happened over lunch when I’ve taken out successful investors and had in-depth discussions. Here is how I prepare: before we go, I tell the investor I want to be respectful of his...
Using A “Handyman Special” Option Have you ever experienced buyer’s remorse after purchasing a property that needed too much work? If you haven’t, count yourself blessed. One time we bought a home that needed a ton of work. When we started pursuing the deal, I lived 15 minutes away; I was full of vigor and ready to knock out so major rehab. A year later, when we finally made it...
Investors need to have faith like potatoes: Since Ashley and I got married, I’ve been trying to grow potatoes - notice I said “try”- It’s been crazy: every year something happens. The first year I didn’t know you were supposed to mound. Mounding is when you put dirt around the stalk of the plant. If you mound as the plant grows, it stimulates the plant to produce more potatoes....