Appreciation

Appreciation

Appreciation   I’m a huge fan of the Home Depot in Calhoun. I’m in there multiple times a week -sometimes a day. The people there are always friendly, knowledgeable and quick to help.   I know most of the associates in there by name; they’re really a great group of people.   I could elaborate, but for time sake, I would like to talk about what you can expect when…

I Am

I Am

I Am:   I’d like to invite you into a night ritual my three year-old daughter and I share most evenings in her room.   I lay her on my chest while we sing songs and pray.   Before I lay her down, I ask her:   “Are you beautiful? Are you funny? Are you strong? Are you fast? Are you smart? Are you a princess of Yahweh?”   With…

Can you make creative offers with a realtor?

Can you make creative offers with a realtor?

Can you make creative offers with a realtor?   You certainly can. Agents will present any and all written offers to their clients.   Just make sure you realize this doesn’t make the seller’s agent your agent, however. At the end of the day, the seller has a relationship with their agent. They trust their agent and have hired them to council them as to what is in their best…

Speak Splain

Speak Splain

Speak splain:   I think Ricky Ricardo once told Lucy to “speak splain English.” As an investor, you should listen to Ricky’s words of wisdom. It’s often too easy for us to switch from speaking English to the other language we speak- legalese.   By definition, legalese is the formal and technical language of legal documents that is often hard to understand. It’s the language we speak when dealing with…

Does a refi make cents?

Does a refi make cents?

Does a refi make cents?   I got a call recently from an investor named Brad that had a conundrum. He was looking at refinancing a mortgage from a 30-year fixed ARM (adjustable rate mortgage) to a 15-year fixed mortgage.   A fixed adjustable rate mortgage sounds like an oxymoron.   They work like this- for the first five to ten years the rate is fixed. After that, it can…

A/C Repair Yields Over 31 Percent:

A/C Repair Yields Over 31 Percent:

A/C Repair Yields Over 31 Percent:   Financial calculators aren’t normally a hot topic, even in real estate circles, but I took the opportunity to attend an information session on the subject sometime ago, and I haven’t regretted it.   The instructor’s name was Gary Johnston, and the night of the session, he forever changed the way I look at investments by introducing me to the financial calculator. Consequently, I…

Yo… Flippin ain’t easy!

Yo... Flippin ain't easy!

  Yo… Flippin Ain’t Easy:   Flipping is one of the first things people think of when they consider getting into real estate investing- “flipping” being the process of buying a house for below market price, fixing it up and selling it to make a BIG chunk of money.   Shows like “Flip or Flop” on HGTV, make flipping look like a piece of cake. The truth is it’s a tough job….

What if I fall?

What if I fall?

What if I fall? The other day I was building a pole barn with a buddy of mine. In case you don’t know, a pole barn is a roof on stilts. It may or may not have a loft, but it defiantly won’t have sides. You use them to park an RV or store tractors and other farm equipment.   The one we were working on was pretty big. It…

Make An Offer!

Make An Offer!

Make an offer!   Pete Fortunato tells a great story about an offer he made. He looked at the house, ran the numbers and gave the homeowner a written offer at a price he could afford.   The homeowner reviewed it and said, “I can’t believe you would make me an offer like this. It just offends me.”   Pete’s response is what’s so epic. He asked the guy if…

A no-good deed goes unnoticed

A no-good deed goes unnoticed

A no-good deed goes unnoticed:   The deed room is a very important place to frequent, especially once you put a house under contract to buy. You need to make sure the people selling you their house can legally do so.     Your closing attorney will look at the chain of title for you, but this often occurs a day or two before your scheduled closing date. By running…