Archive
Private money loans: How many of you have heard the phrase, “it takes money to make money?” This is a true statement if you want to make it in real estate investing. People often make the assumption, however, that you must own the money it takes to make said money. You don’t need to own it- you just need someone to let you use their money so you can do the deal. These people are...
Does a refi make cents? I got a call recently from an investor named Brad that had a conundrum. He was looking at refinancing a mortgage from a 30-year fixed ARM (adjustable rate mortgage) to a 15-year fixed mortgage. A fixed adjustable rate mortgage sounds like an oxymoron. They work like this- for the first five to ten years the rate is fixed. After that, it can adjust...
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...
Yohanan’s Might: We learned late last Thursday evening that something terrible had happened in our community. A family in our congregation had lost a child. Their 18-month-old son, Obadiah Dillard, had died due to an accidental drowning. Obadiah was the fifth of six children born in the Dillard house. As I lay down Thursday night, I wondered what could be done to help. It dawned on...
This is a Question and Answer session I had with the Calhoun Times Editor Brandi Owczarz about what we are seeing in the rental market. It ran in the paper a few weeks back and a friend asked me to post it to the blog. So here you go. Q. What rental "trends" are you seeing right now in NW Georgia...are you seeing that 3/2 homes are popular? Are people requesting big yards? etc.... ...