Archive
The secret formula to investing success “Opportunity is missed by most people because it is dressed in overalls and looks like work.” -Thomas Edison I’ve been blessed to know and have relationships with some truly great investors. One family in particular adopted Ashley and me as their real estate kids. You always hear great things about these people, and they’re very well known in the...
Don’t let a rental eat your seed corn: Jimmy Napier is one of my teachers. He’s an old country boy from Chipley, Fl., and when you listen to his recorded classes, his accent and story telling reminds you of a young Andy Griffith. And just like Andy talking to Opie and Barney, Jimmy uses roundabout parables to teach you about investing. One story he tells is about corn. It...
If you want to learn about real estate investing, buy the man lunch I’m often asked where the best place to get education is for new investors. Truthfully, some of the best seminars I’ve ever taken happened over lunch when I’ve taken out successful investors and had in-depth discussions. Here is how I prepare: before we go, I tell the investor I want to be respectful of his...
Using A “Handyman Special” Option Have you ever experienced buyer’s remorse after purchasing a property that needed too much work? If you haven’t, count yourself blessed. One time we bought a home that needed a ton of work. When we started pursuing the deal, I lived 15 minutes away; I was full of vigor and ready to knock out so major rehab. A year later, when we finally made it...
What are your options? When you hear the word option in real estate, you probably think of a lease-option strategy. This is where you lease a house to a tenant buyer with bumpy credit. You call them a tenant buyer because they’re renting your house with the hope of buying it from you in the near future. That’s where the option comes in. You sell them the option to purchase the...