Financial Freedom One House At A Time
The Odd One On this episode of What’s The Deal, Joey and Ashley show you how to acquire a rental property via owner financing and then compare and contrast the rehab differences in a rental verses a flip project. Follow our blog and share this:
Cool it, buster When you own rental property, there are a lot of expenses you should plan for. Most people understand making payments on their mortgage and property taxes monthly, but there are sporadic expenses you should be saving for monthly as well. They include things like vacancy and repairs. The savings we set aside for paying these costs is something we call a rental’s “expense factor.” We…
Robbing Peter to pay Paul We just had our first real hot days for this year, which means landlords are about to get calls about air conditioning not working properly. Now, there are some normal things that can happen when central units go from being “off” during springtime to “on” full blast in the Georgia heat, and these typical malfunctions can hinder a unit’s ability to cool. But…
Money talks, but in-homes reveal Once upon a time, in land far, far away, Ashley and I bought a property in the township of Villanow — well it feels far away. But it’s really only about a 45-minute drive. Now, if you’re asking yourself where in the world Villanow is, many people share that sentiment when I bring it up. Villanow is located in Walker County, Georgia…
Meeting of the minds I’ve recently had an opportunity to relearn how important the meeting of the minds is between buyer, seller and real estate investor, and I’d like to share some of that information with you. The example has to do with being snookered. It happened while I was on the phone with a seller. We’d met multiple times in person and had always had great interactions….
Here’s what we’re seeing right now Who would have predicted that a virus could’ve had this much of an impact on us? I didn’t see it coming. So, what are we seeing right now? April was good as far as rentals go. We are at about 90% on our collection rate. What I wrote to you about talking to our tenants and being proactive really proved to…
Fear and proactivity I think that you will agree with that me that there’s a lot of uncertainty going on right now. And people do some strange things when they get scared. If you don’t believe me, go check out the toilet paper aisle at the grocery store. Now, I’ve had to make a run, or perhaps more of a waddle, for toilet paper before. But I’ve never seen…
Application with push-button capability We’re about to see some things change dramatically in the way we market our rentals. Our normal procedure has been to go take pictures and videos of a property, upload them to Zillow’s Rent Manager and then use that link to post the property all over Facebook. We still put signs in the yards, but most of our calls come from online sources these days….
Safe, secure income “Go and get a safe and secure job with a good company with great benefits.” That was the advice my grandfather gave to my dad when he was a young man. This advice was a little strange coming from my grandfather. You see, he ran his own pharmacy and soda fountain on the west side of Atlanta. He had always provided for his family…
What does a day look like? I’m often asked what a typical day looks like for a full-time investor. This is a hard thing to answer because any given day can be different. But to give you some insight as to the possibilities, let me tell you about yesterday. I woke up at 4:30 a.m. (that’s not a typo.) The reason I get up so early is so…