Risk versus reward

Risk versus reward

Risk versus reward   I had a really good opportunity for a private money lender, recently. I emailed the information to everyone I thought would be interested. The deal was to loan money to us at 6% interest only. I noted in the email that 6% was three times what the, and I quote, “high yield” CDs and bonds being are offered for in 2020, according to bankrate.com.   The…

Safe, secure income

Safe, secure income

Safe, secure income   “Go and get a safe and secure job with a good company with great benefits.” That was the advice my grandfather gave to my dad when he was a young man.     This advice was a little strange coming from my grandfather. You see, he ran his own pharmacy and soda fountain on the west side of Atlanta. He had always provided for his family…

What does a day look like?

What does a day look like?

What does a day look like?   I’m often asked what a typical day looks like for a full-time investor. This is a hard thing to answer because any given day can be different. But to give you some insight as to the possibilities, let me tell you about yesterday.   I woke up at 4:30 a.m. (that’s not a typo.) The reason I get up so early is so…

It’s not what you make, but what you keep that matters

It’s not what you make, but what you keep that matters

It’s not what you make, but what you keep that matters.   How many of you have heard stories about lottery winners who win it big, only to lose  everything in a short period of time? I was reading a web article on this subject recently and it was mind blowing. The article went through many stories of how different people had won millions, only to lose it in 10…

Holidays, vacancies and late payees

Holidays, vacancies and late payees

Holidays, vacancies and late payees   I got a call recently from someone needing advice about their landlord/ tenant relationship. This caller was the tenant, rather than the landlord.   This tenant was upset that they had just received — and I quote — “a nasty letter” from their landlord. The letter said the tenant either needed to pay what was owed in full or move from the property.  …

Be careful where you get advice

Be careful where you get advice

Be careful where you get advice   Ashley and I went to a baby shower this week for some of our good friends Dorsie and Jimmy Kuni. Dorsie was absolutely glowing.   This will be their first, and as any good friend who already has kids should do, I asked Jimmy if he was excited or just plain scared. He laughed, and we joked about Owen Wilson’s line from “Armageddon”…

It came back to bite us

It came back to bite us

It came back to bite us   Having a well-thought-out tenant screening process is essential to your success as a landlord. If you haven’t developed this plan, you should really give it some thought.   Let me walk you through the major parts of our tenant selection process and then show you how not sticking to it resulted in us getting a house back in poor condition for the first…

Prioritize and execute

Prioritize and execute

Prioritize and execute   For the last two weeks, I’ve been on my eighth reading of a book called “Extreme Ownership, How U.S. Navy SEALS Lead and Win” by Jocko Willink and Leif Babin. (Well, technically I’m not reading it. The authors are reading it to me via Audible. But this is the eighth time I have listened to it.)   This book is awesome. The authors, Jocko and Leif,…

What is a market inversion?

What is a market inversion?

What is a market inversion?   Are you familiar with the term market inversion? If not, that’s OK. I wasn’t until recently. But as real estate investors, you need to understand what it is, and more importantly, what it means for the current and upcoming real estate market.   First off, let me give a quick overview as to what market inversion is from my understanding, and then I’ll tell…

How do you measure success?

How do you measure success?

How do you measure success?   I was standing in a store the other day buying materials for a project when I saw a friend I haven’t seen for years. He also happened to be buying things for a project he was working on.   We talked for a while, catching on up on the past. Toward the end I said, “So, you’re still at it” in reference to his…