Archive
The secret formula to investing success “Opportunity is missed by most people because it is dressed in overalls and looks like work.” -Thomas Edison I’ve been blessed to know and have relationships with some truly great investors. One family in particular adopted Ashley and me as their real estate kids. You always hear great things about these people, and they’re very well known in the...
Don’t let a rental eat your seed corn: Jimmy Napier is one of my teachers. He’s an old country boy from Chipley, Fl., and when you listen to his recorded classes, his accent and story telling reminds you of a young Andy Griffith. And just like Andy talking to Opie and Barney, Jimmy uses roundabout parables to teach you about investing. One story he tells is about corn. It...
If you want to learn about real estate investing, buy the man lunch I’m often asked where the best place to get education is for new investors. Truthfully, some of the best seminars I’ve ever taken happened over lunch when I’ve taken out successful investors and had in-depth discussions. Here is how I prepare: before we go, I tell the investor I want to be respectful of his...
Investors need to have faith like potatoes: Since Ashley and I got married, I’ve been trying to grow potatoes - notice I said “try”- It’s been crazy: every year something happens. The first year I didn’t know you were supposed to mound. Mounding is when you put dirt around the stalk of the plant. If you mound as the plant grows, it stimulates the plant to produce more potatoes....
A no-good deed goes unnoticed: The deed room is a very important place to frequent, especially once you put a house under contract to buy. You need to make sure the people selling you their house can legally do so. Your closing attorney will look at the chain of title for you, but this often occurs a day or two before your scheduled closing date. By running a preliminary...