Archive
It’s a journey I’m often asked by newer investors how long it took for Ashley and me to get out of corporate America. It’s an interesting question, because neither she nor I have ever been part of anything corporate other than the entities we’ve set up. Truthfully, I’ve never had a “real job.” And when I tell people that, I get some rather puzzled looks. What I really think the...
It came back to bite us Having a well-thought-out tenant screening process is essential to your success as a landlord. If you haven’t developed this plan, you should really give it some thought. Let me walk you through the major parts of our tenant selection process and then show you how not sticking to it resulted in us getting a house back in poor condition for the first time in...
A beginner’s struggle Recently I was asked about the main struggles that Ashley and I faced when we began our investing journey. These struggles really boiled down to two things. The first was where to get money for deals. You see, Ashley and I were broke kids with a mountain of student loan debt and no verifiable income when we started out. This meant that we weren’t good...
What’s in a day New and aspiring investors often ask me what a typical day looks like for us. I’m not sure we have “typical” days. Some are just smoother than others. Take yesterday for instance. I woke up and was at the gym by 6:15 a.m. (note: Ashley is there by 5:15 a.m. We play tag team on our workouts to make sure someone is home with the kids). By 7:30 a.m. I was back...
Lease option vs. lease purchase I got a call from an investor recently needing some help with structuring a deal. He was in the process of buying a property and wanted to do “one of those lease option, lease purchase things” as his exit strategy. As we talked, I realized just how easy it is to get those two terms confused and how freely people use them synonymously. To be clear, a...