Preparing for a market downturn

Preparing for a market downturn

Preparing for a market downturn   I was part of a webinar this morning where the topic was what someone should do in a market downturn like what we’re getting ready to experience. Actually, I’d say we’re already in the downturn. We just haven’t seen how it will manifest itself in the real estate world yet.   During the call, we first talked about things we’re doing differently in our…

It’s a journey

It’s a journey

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…

How can we structure this deal?

How can we structure this deal?

How can we structure this deal?   In the summer of 2010, I was blessed to have a sure-enough successful husband-and-wife real estate investor team take Ashley and me under their wings. They have a passion for giving and enjoyed teaching aspiring and established investors alike on how to creatively structure deals. Without them, Ashley and I wouldn’t be where we are. That passion lives on today as they travel…

Effective massive action

Effective massive action

Effective massive action   I’m writing this to you at a quarterly business mastermind group. The meeting’s location changes every time, and this quarter, it’s in Nashville Tennessee.   On a recent night after the meeting let out, I needed to go to Kroger to pick up some supplies. My GPS said there were three of these stores equidistant from me. Not being familiar with the area, I just picked…

It came back to bite us

It came back to bite us

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…

Prioritize and execute

Prioritize and execute

Prioritize and execute   For the last two weeks, I’ve been on my eighth reading of a book called “Extreme Ownership, How U.S. Navy SEALS Lead and Win” by Jocko Willink and Leif Babin. (Well, technically I’m not reading it. The authors are reading it to me via Audible. But this is the eighth time I have listened to it.)   This book is awesome. The authors, Jocko and Leif,…

How do you measure success?

How do you measure success?

How do you measure success?   I was standing in a store the other day buying materials for a project when I saw a friend I haven’t seen for years. He also happened to be buying things for a project he was working on.   We talked for a while, catching on up on the past. Toward the end I said, “So, you’re still at it” in reference to his…

Evil’s greatest tool

Evil’s greatest tool

Evil’s greatest tool   I read a story recently in a book called “Chop Wood, Carry Water” by Joshua Medcalf that I would like to share with you. It goes something like this:   Once, there was an evil old witch who was going out of business. As such, she decided to have a yard sale to get rid of all the ‘tools’ she had used over the years in…

“What Box” is coming

“What Box” is coming

“What Box” is coming   I’m often asked where I go to learn about real estate investing. Truthfully, Ashley and I have been blessed to meet, befriend and attend seminars with some the most creative real estate investors out there. And we go back to the same classes time and time again.     Chances are that if you are reading this column on Sunday morning in Bartow County, I’m…

I am, I change

I am, I change

I am, I change   Today, I would like to revisit a topic that I’ve written about before. It resurfaced recently.   Once upon a time I invited you into a night ritual that I had with my then 3-year-old daughter. She’s now 6. The ritual went like this:   I’d lay her on my chest while we sang songs and prayed.   Before I’d lay her down, I’d ask…