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Steady wins the race During a recent walk with my kids, my first-born was showing out on his roller blades and my daughter was rolling around on a three-wheeled scooter. As we were walking and talking, the story of the tortoise and the hare got brought up. Now I don’t know about you, but when I think about that story I don’t see a book of Aesop’s Fables. Instead I picture a 1940’s...
Be very careful right now You may not know this, but we lost the very first real estate investment deal I was ever a part of to foreclosure. How’s that for a credential? It wasn’t a house we had bought to flip or rent out. It was a house my family was building to live in for a few years and then sell to bolster my parent’s retirement. The year was 2005, and I was still living at...
$2 in the tank This morning’s workout was exceptionally difficult for me — yet it was not an exceptionally difficult workout. I just had no energy. You know, most of the time you get a second wind when you’re working out. But for me this morning, I never caught my first wind. It’s kind of weird, too. I ate well yesterday. I went to bed on time, and I don’t remember tossing and...
Comfort can kill you On a recent morning, I was heading back from a new acquire we have out in the Ranger area of Gordon County. The house is currently being rehabbed to get it rent ready. I was at the house after leaving the gym before 7 a.m. to drop off some materials for the guys. We got them unloaded, and I headed home to take a shower and get the day started. As...
Don’t kill the golden goose I was talking with an investor the other day who had just received some really great news. His portfolio of rental properties had an equity value of over $1 million. I asked him how he found this out, and he told me he’d been working with a financial advisor who had challenged him to find fair market values for each piece of property he held. ...