FOCUS like a lion

FOCUS like a lion

FOCUS like a lion   Ashley and I just got back from a mastermind meeting in Dallas, Texas. It was made up of real estate investors from all over the U.S. who are seeking to build better businesses by developing their systems and processes. Ya’ll, it was phenomenal!     Each investor gaves a 15-minute presentation where they told a little about themselves and their company. Next, they told the…

How we did our first deal

Lonnie Deals in Action

How we did our first deal   When Ashley and I realized we needed to make our living as real estate investors, it was 2009. We were freshly married, just out of college and didn’t have two nickels to rub together. To put it bluntly, we were completely broke.   On top of not being able to find jobs that fit with our bachelor’s degrees, we had a mound of…

Keep your eyes on your goal

Keep your eyes on your goal

Keep your eyes on your goal   The normal bedtime routine for the English house starts with the telling of a story. Most of the time, I contrive some sort of imaginative situation where a little boy or girl goes off and does something spectacular. The story ends after a grand adventure with the little one feeling so tired that they “go home, get in their bed and go to…

Overcoming obscurity

Overcoming obscurity

Overcoming obscurity   I will never forget that day. I was at a function at my congregation and Britt, one of my friends there, pointed over to my truck and asked who it belonged to. The truck had a “We Buy Houses” wrap on the tailgate, and Britt had never seen the vehicle before because we normally show up to functions like these in Ashley’s van.     When I…

Fighting for rental space

Fighting for rental space

Fighting for rental space   This year has been very strange as far as rentals go. First off, rent rates have skyrocketed. In 2018, we have seen two-bedroom, one-bath houses rent for as much as 3/2 floorplans were renting for just two years ago. With the spike in rent prices, odd things have started happening. For instance, we’ve had con artists trying rent people our houses.     In previous…

Examining you offers

Examining you offers

  We bought a little three-bedroom mill house recently, that we had intended to keep. The problem was that we got so busy working on other projects that the house sat for a while. We kept rationalizing that since we got it at such a good deal, it was OK for it to sit. But after two months, we could see that it was costing us money just sitting there,…

Paid time off

Paid time off

As I write this, I am sitting in the Destin area of Florida in a town called Miramar Beach, and today has been the best day of our vacation.   That being said, getting here wasn’t easy.   The last workday before left was beyond full. I left the house at 7 a.m. to make my first stop at the Calhoun Home Depot to pick up a large order for…

Moores Scary

Moores Scary

  Have you ever started on a property just knowing it was going to be a homerun? I know we have. One that sticks out in my memory was a 2,000-square-foot, three bedroom, three full bath, brick ranch on eight acres.   We purchased this house for $40,000 and did a jam up rehab, including custom tile, hardwoods and new counter tops. We put a new roof on it, installed…

Seven Houses till Sunday

Seven Houses till Sunday

  Boy, do we have a full plate right now. We have four active rehab projects, plus three rentals houses we need to fill. Put it all together: yep, that’s seven open properties. Woohoo!   Rehab No.1 is located on Rush Chapel Road. Painting and light installation was completed Tuesday which meant I had to get cabinets and flooring ordered and delivered so the guys could keep moving forward.  …