The anonymity of a land trust

The anonymity of a land trust

The anonymity of a land trust   When people are getting started in real estate investing, they often assume they need to form an entity like an LLC or an S Corp first thing. The two main reasons for this are to protect their assets from lawsuit and to take advantage of certain tax breaks.   In my opinion, due to formation and maintenance costs, neither of these entities are…

I am, I change

I am, I change

I am, I change   Today, I would like to revisit a topic that I’ve written about before. It resurfaced recently.   Once upon a time I invited you into a night ritual that I had with my then 3-year-old daughter. She’s now 6. The ritual went like this:   I’d lay her on my chest while we sang songs and prayed.   Before I’d lay her down, I’d ask…

A servant’s heart

A servant’s heart

A servant’s heart   Today I want to dote on one of my people. She’s a delight to be around and is as positive and upbeat as someone can be. Chances are, if you’re from Gordon County, you probably already recognize her smiling face. Her name is Marybeth Dismuke.   Marybeth came to work with us in April of 2018. Every morning since, when I’ve come walking into the office,…

Do outbuildings go with a property?

Do outbuildings go with a property?

Do outbuildings go with a property?   We had something happen for the first time this month that had to do with an outbuilding located at a property we had recently purchased. It was a great learning lesson, and I’d like to share it with you. The sellers of this house where in distress. They had been relocated for work and had listed their house, but they hadn’t sold it…

Lease option vs. lease purchase

Lease option vs. lease purchase

Lease option vs. lease purchase   I got a call from an investor recently needing some help with structuring a deal. He was in the process of buying a property and wanted to do “one of those lease option, lease purchase things” as his exit strategy.   As we talked, I realized just how easy it is to get those two terms confused and how freely people use them synonymously….

Pistols and pit bulls

Pistols and pit bulls

Pistols and pit bulls   Ashley and I were presenting at a Real Estate Investor Association (REIA) recently, where the topic was talking to sellers. During the presentation, we made mention that Ashley goes door knocking without me. This led to the normal safety questions from the crowd, which almost always includes, “Aren’t you afraid someone is going to pull a gun on you?” That night, that question came from…

A reason why agents forget about investors

A reason why agents forget about investors

A reason why agents forget about investors   Ashley and I saw something last month and again this month that we haven’t seen in a long time. While out door knocking on the pre-foreclosures, we saw realtor signs in front of some of the houses being foreclosed on.   This happened a lot after the crash. Sellers would try to list their properties to get out from under a mortgage…

Protection in layers

Protection in layers

Protection in layers   One of things I remember about growing up in North Georgia was the excitement associated with the prediction of precipitation. Snow as a kid was just awesome! And the snow days I remember the most happened during the blizzard that hit us in 1993.   It happened right around my birthday, and we got hit hard. There was so much snow that I could jump my…

Just get it in writing

Just get it in writing

Just get it in writing   I met with a seller recently who had a beautiful house in the Sonoraville area of Gordon County. When I say beautiful, I mean it. This house was immaculately kept and well maintained.   The seller was getting ready to move into an assisted living faculty and needed top dollar to provide for those accommodations for the remainder of her life.   Realizing she…

Door knocking update

Door knocking update

Door knocking update   We have spent the last week and half door knocking at all the pre-foreclosures in Whitfield, Gordon and Bartow Counties. And I have tell you, things are different out there than when we first started this practice.   When we started door knocking on pre-foreclosures in 2012, there would be anywhere from 75 to 150 properties advertised in the paper for foreclosure in each county. When…