Archive
Did we buy an alligator? Real estate investors are known for being risk takers. As a matter of fact, most of the time the reason an investor gets into trouble is because they estimated too high on what a property would sale for once they fixed it up. The outcome for this speculation is that the investor gets too thin with their numbers and overpays for the property. Be...
How we did our first deal When Ashley and I realized we needed to make our living as real estate investors, it was 2009. We were freshly married, just out of college and didn’t have two nickels to rub together. To put it bluntly, we were completely broke. On top of not being able to find jobs that fit with our bachelor’s degrees, we had a mound of student debt looming over our...
We just did a land-home deal over in Adairsville. During the course of the purchase, the sellers found themselves in need of a truck. They were moving to Florida after the sale and were planning to live in a travel camper until they could decide where to buy and settle down. They already owned a vehicle capable of pulling the camper, but something went wrong with it a week before...
One of the biggest mistakes I see beginning investors make is buying a property a long distance away from where they live. And trust me, I understand. It was a great deal. And you hadn’t seen anything that cheap around you. Ashley and I did the same thing when we bought a place for $8,000 45 minutes (one-way mind you) from where we lived. And that was just to the...
Today is a bittersweet day. We had a Lonnie Deal payoff for the very first time in over six years. It’s bitter because we just lost the $275 income stream this deal was paying us and now we have to go out and replace that money. It’s sweet because I just got a text from my good friend named Mike Hicks. Mike’s a smart investor up in the Rossville area. Recently, his beautiful wife, Teah,...