Archive
Today you are an investor I recently participated in the Chattanooga Waterfront Triathlon. I love this event. It’s put on by Team Magic, a company that organizes/ sponsors runs and multisport events across the southeast. And they do an amazing job. The waterfront triathlon is a larger event with close to 1,000 athletes showing up to swim, bike and run, in that order, one of two distances....
What does the seller need? This week I saw a couple of good questions asked about how to get deals done. One was with a subject-to deal and the other was a preforeclosure. Today I would like to go over them and talk about the most common mistake that beginner investors make when talking to sellers. The first question was about a subject-to deal. And as a reminder, that’s a deal where you...
Finding Good REI Teachers Makes All The Difference When Ashley and I got started in investing, we fell prey to one of the big-name teaching circuits. What I mean by that is we went to one of the free seminars, that led to the $100 class that was really a dog-and-pony show to sell their overpriced, and as I later found out, somewhat antiquated classes on how to become a real estate...
How I do an in-home interview This week I saw a feed where someone had asked the question “what three things people look for in potential tenants?” That got me curious because we don’t look for three, but four things in a potential tenant. As I read the responses, people listed things like credit scores they prefer and job stability. One said they were looking for someone who does not have an...
Finding good tenants I was at a lunch meetup this week where one of my friends was telling me about how they are moving away from the Padsplit company and going to self-manage instead. And the biggest reason for that has to do with the tenant selection process Padsplit uses. If you are not familiar with Padsplit, it is a novel idea. Instead of renting an entire house to one family, the...