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Oh B-1 can no beat. That title was supposed to sound like the Star Wars character Obi-Wan Kenobi. Yeah I know it’s a stretch, but bear with me. The reason I chose that title is because B-1 is the lot number of a Lonnie Deal we have down in Acworth. And I want to tell you about it because, to reference Star Wars again, “the force is strong in this one.” Sorry, I couldn’t resist....
I’ve been listening to a phenomenal book called “Mastering the Attitude of Achievement,” by Lou Tice. I’ve got to tell you, I wish I’d found this years ago. Lou is a motivational speaker, high school teacher and football coach. One of the main points in this book is that the pictures that we formulate in our heads affect what we do in life. Lou gives a great example using...
Would you rather have cash or income? I was sitting at a closing recently, quietly working through a problem on the financial calculator. My agent asked what the app was on my phone. When I responded that it was a financial calculator, both my agent and the buyer’s agent were perplexed as to why I needed one, since the mortgage brokers do all the mortgage calculations. This is a...
Trailers is as trailers does I’m a big fan of mobile homes. To me, they have the best returns, by far, of any investment in real estate today. But be aware, mobile homes are quirky. We have a doublewide on Berry Bennett Rd. It was a little rough when we bought it, but we got it rehabbed and looking nice. We did all the normal stuff like painting, new floor covering and new...
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 adjust...