Archive
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 necessary...
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 her: “Are you beautiful? Are...
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, she has sung,...
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 in a timely manner....
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. To be clear, a...