Archive
Don’t get emotional when making an offer If you read the title of this column, you probably already gathered that you shouldn’t get emotional when making an offer. And that’s true — when you get emotional, you tend to make a bad deal. I’ve seen this concept play out in many ways. A newer investor will overbid on property. And since they’re excited about doing their first —...
Structuring deals Learning how to creatively structure deals is something that has been essential for my and Ashley’s success in real estate investing. The main reason for that fact is that we didn’t have access to funds when we started. So, we had to figure out how to buy houses with very little cash and without going to a bank. And that skill has allowed us to make some profitable deals...
Walking a mortgage I will never forget that day. I was on my way down to Atlanta to attend Gary Johnston’s Financial Freedom Principle’s seminar. As I was driving, I was listening to another course that featured speakers like Jack Miller, Peter Fortunato, Jimmy Napier and Clyde Wilson. I pulled up to the Financial Freedom event, and I walked in and found Kim Cook, the wonderful...
Creative offers Ashley and I were two broke kids straight out of college when we got started in real estate investing. We had a mound of student loan debt and no money in our pockets to invest. And because we had either been self-employed or full-time students while in school, we had no real, verifiable income. That fact, coupled with a high debt to income ratio from the loans, meant...
Just because you can, doesn’t mean you should I was talking to an investor friend, recently, who was facing a conundrum. You see, he had become very specialized in one area of real estate. And the strategy he’d been using to buy on auction platforms, do minimum rehabs and resell was no longer working. Referencing the book by Spencer Johnson M.D., my friend said, “My cheese moved.” ...