What I learned at Magistrate Court

What I learned at Magistrate Court

What I learned at Magistrate Court   Yesterday I got to do something that all landlords are forced to do at one point or another. I had to go to court over a dispossessory that we had filled on a tenant due to non-payment.     We’ve been blessed. We’ve only been to court a total of four times in nearly a decade of landlording. That’s because most of the…

A beginner’s struggle

A beginner’s struggle

A beginner’s struggle   Recently I was asked about the main struggles that Ashley and I faced when we began our investing journey.   These struggles really boiled down to two things. The first was where to get money for deals. You see, Ashley and I were broke kids with a mountain of student loan debt and no verifiable income when we started out. This meant that we weren’t good…

What’s in a day

What’s in a day

What’s in a day   New and aspiring investors often ask me what a typical day looks like for us. I’m not sure we have “typical” days. Some are just smoother than others.   Take yesterday for instance.   I woke up and was at the gym by 6:15 a.m. (note: Ashley is there by 5:15 a.m. We play tag team on our workouts to make sure someone is home…

Rolling in the dough

Rolling in the dough

Rolling in the dough   Ashley and I recently had an interesting conversation with some friends of ours. They were talking about a new car they wanted to buy. And when I say new, I mean brand new. And based off what I could tell, the starting price on this vehicle was going to be close to $35,000. That was the starting price.   As we talked further, our friends…

“What Box” is coming

“What Box” is coming

“What Box” is coming   I’m often asked where I go to learn about real estate investing. Truthfully, Ashley and I have been blessed to meet, befriend and attend seminars with some the most creative real estate investors out there. And we go back to the same classes time and time again.     Chances are that if you are reading this column on Sunday morning in Bartow County, I’m…

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….