What if I fall?

What if I fall?

What if I fall? The other day I was building a pole barn with a buddy of mine. In case you don’t know, a pole barn is a roof on stilts. It may or may not have a loft, but it defiantly won’t have sides. You use them to park an RV or store tractors and other farm equipment.   The one we were working on was pretty big. It…

Yohanan’s Might

Yohanan’s Might

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 me that…

Rental Market Q & A

Rental Market Q & A

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…

Take Time To Be A Dad Today

Take Time To Be  A Dad Today

Take Time to Be a Dad:   Recently I was riding with an experienced 81-year-old investor. He grew up a poor sharecropper in Mississippi. What he’d learned from his meager beginnings was how to work. I mean, really work. He would pick 300 lbs. of cotton a day. He kidded that he was the slowest out of his 12 brothers and sisters.   You know, I always admire guys like…

The Four Jobs of a Tenant

The Four Jobs of a Tenant

The four jobs of a tenant   Rental property that produces a positive cash flow is the Alpha and Omega of real estate investing. To have positive cash flow, you need to have a tenant that pays well. But is that all that you need them to do? The Answer is an emphatic “No”.   When we lease up a tenant, we tell them that we’re hiring them for four…

Working on your Retirement

Working on your Retirement

Right now it’s 5:38 a.m. My back, hands and neck hurt, and I’m not the alert morning person I normally am. Straight up: I didn’t get enough sleep. I worked on three different rentals yesterday. It was a full day.   Rental No.1: We had a busted pipe. When I got the call, it was 30 minutes till Home Depot closed. That meant if we didn’t get all the right…

Pay or quit

Pay or quit

Rent is due on the first and late after the fifth for most rental properties. See if this scenario sounds familiar.   It is 5p.m. on the fifth and you get a frantic call from a tenant. They’re giving you every reason under the sun for paying late.   They say things like, “Please, please give me until next Friday.”   Next Friday comes. No payment. Before you know it,…

Ripley’s lessons in land lording… believe it or not.

Ripley’s lessons in land lording… believe it or not.

Ashley and I recently took our toddlers to the Ripley’s Aquarium in Gatlinburg, Tenn., for the first time. Boy did we have a time.   Notice the omission of the word “good” in that last sentence. The time we had was stressful and not fun.   My three-year-old decided he wanted nothing to do with the exhibits. Instead, he wanted to plow up and down the halls pushing the “stroller…

A Zero Down Deal

A Zero Down Deal

When starting on the journey of real estate investing, it’s hard to figure out which way you should go. It make’s it even harder when you have little to no money.   This was the problem Ashley and I had experienced. We were broke. I mean flat broke. Like I was going door to door with my pressure washer trying to get up enough work for grocery money kind of…