Archive
Is cash king? I will never forget the first deal Ashley and I had ever done that was severely damaged by fire. The year was 2011, and the deal, which we call the burnout, was a 1992 single wide located in a mobile community in Dalton, Georgia. That house was the third deal Ashley and I had ever done. A burnout on our third deal sounds pretty gutsy huh? Well, there’s a fine line...
It can be exciting and scary We went to dinner recently with a group of investor friends over in Dawsonville, Georgia. Some Ashley and I have known for years, and others we had just met that day. As we sat around the table, we discovered that one of them had recently made the move to become a full-time investor. When I say recently, I mean three months ago. Ashley asked him how he...
I do not envy flippers I was told the same thing twice this week by two different financial advisors of mine. They both said, and I quote: “I do not envy flippers.” The first instance happened on a weekly call I have with a company called Simple CFO. Simple CFO is a team of accountants with specialized knowledge about the real estate investing world, and they integrate a program...
O appraisal, where art thou? When Ashley and I did our first flip in 2012, the property was located on Atlas Way in Calhoun. It was a three bedroom, two bath brick ranch that we bought at a foreclosure auction for $19,178. That number sticks out in my mind because it was the biggest purchase I had ever made at the time. It was also the biggest cashier’s check I had ever seen. Do remember,...
If you don’t face your fears, then you don’t get to play with the kittens After a bumpy week, behaviorally speaking, with my eight-year-old, I could tell I needed to spend some one-on-one time with my boy. So, I took him to work with me. This time together is something I cherish because I get to show him how we make our living, and I have the opportunity to teach lessons about life, work...