Archive
A/C Repair Yields Over 31 Percent: Financial calculators aren’t normally a hot topic, even in real estate circles, but I took the opportunity to attend an information session on the subject sometime ago, and I haven’t regretted it. The instructor’s name was Gary Johnston, and the night of the session, he forever changed the way I look at investments by introducing me to the...
Yo… Flippin Ain’t Easy: Flipping is one of the first things people think of when they consider getting into real estate investing- “flipping” being the process of buying a house for below market price, fixing it up and selling it to make a BIG chunk of money. Shows like “Flip or Flop” on HGTV, make flipping look like a piece of cake. The truth is it’s a tough job. ...
What if I fall? The other day I was building a pole barn with a buddy of mine. In case you don’t know, a pole barn is a roof on stilts. It may or may not have a loft, but it defiantly won’t have sides. You use them to park an RV or store tractors and other farm equipment. The one we were working on was pretty big. It measured 36 by 40 feet. It was about 22 feet to the ground from the...
Credit Fraud: I can’t stand a thief. Call me crazy, but I’ve always felt it’s more natural to go to work than to try to take something that’s not yours. In this day and age, thieves are getting smarter and working harder to take what belongs to you. This past month, I received a strange letter in the mail. It was from the IRS. Any time I get an IRS letter I ask my CPA about it. He...
Take Time to Be a Dad: Recently I was riding with an experienced 81-year-old investor. He grew up a poor sharecropper in Mississippi. What he’d learned from his meager beginnings was how to work. I mean, really work. He would pick 300 lbs. of cotton a day. He kidded that he was the slowest out of his 12 brothers and sisters. You know, I always admire guys like him. Nothing was ever...