The Blanket Approach In Action


Two weeks ago, we wrote a column about the most straightforward of all the door-knocking approaches we use. I call it the blanket approach. If you missed that article in the paper, you can find it on our website at

When doing the blanket approach, I knock on every homeowner’s door in the subdivision asking if they know of anyone in the neighborhood who is thinking about selling their home.

A good number of investors called asking if this approach really works. Fair question. Before answering, let me ask you three questions. First, yesterday, how many homeowners did you meet with face-to-face? How many this month? This year?

As you know, one of an investor’s primary jobs is to meet with a lot of homeowners on a regular basis. Knowing this, what were your answers to these three questions? Now compare your numbers to the numbers you’re about to…

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August’s Meeting

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Lots of folks want to be real estate investors. One of the most asked questions is: How do I make money as a real estate investor?

At our August meeting, Dyches Boddiford, Dorsie Boddiford and Bill and Kim Cook will discuss all the different ways you can make money as a real estate investor – even if you don’t have the money to buy a property!

Our August teachers have over a half-century of real estate investing experience. They’ll be sharing lots of their real-world experience – experience you won’t find anywhere else in Georgia!

Here are just of a few of the creative cash-flow topics and real-world examples we’ll be looking at:

Master Leasing
Lending to Investors
Wrapped Notes

North Georgia REIA is passionate about…

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Are You Ready For THE Day???


Are you ready for THE day you meet your Maker? What if THE day was today? Is your paperwork in order? Does your family know where your will is? Heck, do you have a will? Does your family know what you want done? Have you taken the necessary steps to provide for your family when you die?

Talking about death is never a fun subject to discuss. But when – not if – it happens, not being prepared is an awful – and unneeded – burden to place on your family!

Terrah Whitlock has worked with us for many years. She is a daughter to us, and we love her very, very much! Earlier this week, Teah Bramlett, Terrah’s sister, passed away unexpectedly. She was only 33 years old. She went to heaven leaving her two sons, Dexter (15 years old) and Luke (11 months old). Last night in Calhoun, over 200 people came to the viewing. Today is the funeral. It’s a very sad day and our prayers are with Terrah and her family.

At last night’s viewing, I got to thinking: What are the absolute minimum things you need to do for your family before…

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The Blanket Approach

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When it comes to door-knocking, I use three techniques. The first is the targeted approach. I drive through a neighborhood looking for “For Sale” signs. When I see one, I pull to the curb, then get out and knock on the seller’s door. If the owner answers, I ask questions about the property.

One thing: There are a wide variety of signs indicating that a property may be for sale. Other signs to look for are rent signs, uncut yards, blue tarps on roofs, properties getting repaired, etc.

The second technique is the foreclosure approach. When the monthly foreclosure notices come out, Kim and I drive by each house advertised in the paper. If what we see interests us, I knock on the owner’s door. Some of our most profitable deals have come from working foreclosures.

The third technique is the blanket approach – it’s the most straightforward of all the door-knocking approaches. I knock on EVERY homeowner’s door in a neighborhood. And here’s the most important part:

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Subpar Houses Attract Subpar Tenants

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Brad wanted to get into real estate investing a while back so he bought a single-family rental property. A few days ago he called to say that he was desperate to sell. In fact, he told me that he didn’t care if he lost money on the deal, as long as he never had to work with another tenant ever again!

Does this sound like a motivated seller to you?

Over coffee at Waffle House, Brad went into more detail. He had constant turn over – tenants were staying no more than a month or two and then moving out. He got daily complaint calls telling him that this thing wasn’t working or that that thing was broken. The tenants never paid on time. The yard was always a mess. Bottom line: To Brad, tenants were nothing but a big pain in the keister!

From Waffle House I followed Brad to his rental property. The closer we got to his property, the worse the area became: boarded up houses, stray dogs everywhere, broken-down cars, etc. I locked my door and was ready to…

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Making $13,000 With No Money Invested


Want to see how to make $13,000 in two short weeks with no money invested and without owning the home?

With creative real estate investing, Jack Miller taught us to structure on purpose. Pete Fortunato taught us to use what we want, to get what we need, to get what we want. Let’s take a look at these two all-important lessons in action.

Jonathan and Christie help us maintain some of the rental properties we manage. About a month ago, Christie told Kim that her mom wanted to sell her home in Acworth, Georgia. After meeting with Christie’s mom, Kim determined that the home was worth $90,000 and needed a $10,000 rehab. Kim offered either $63,000 cash or a $90,000 owner-carried note with payments of $300 per month, but the mom turned down both offers.

Kim then asked, “What’s the house of your dreams?” The mom answered, “One out in the country.” Unfortunately, we didn’t have any such property available.

The next day, Kim had an idea. Our friends Joe and Ashley English had a house on the outskirts of Adairsville that had just gone up for rent. Kim called Christie’s mom and asked, “How would you like to trade your house in the city for your dream home in the country?” The mom got so excited at the idea that she loaded up her family and immediately drove to the Adairsville house. She LOVED it! She agreed to a trade.

Two problems:

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July’s North Georgia REIA Meeting Info


Topic 1: Do you have a tenant who isn’t paying on time and/or taking care of your property? Are you lying awake nights sick to your stomach and mad as a hornet? Do you just want the pain-in-the-butt tenant gone?

During July’s meeting, we’ll go over the steps a landlord must follow if (s)he wants to evict a tenant who isn’t living up to his end of the bargain. In addition, you’ll see some real-world examples of evictions we’ve done recently. The process is simple – but you gotta follow my steps if you want to stay legal and get your house back in good condition!

Topic 2: Want to learn more about how to fight your property taxes? It just so happens that on the day of July’s meeting, Kim and I are going before the Board of Equalization to fight our property values. We’re asking for a 50% reduction in value for each property we’re…

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Chapter and Verse, Please

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This past week, two people told me that two of the things I do regularly are illegal. One was a realtor who said that it was illegal for me to knock on a seller’s door when there’s a realtor’s sign in the yard. The other was a real estate attorney who said that it was illegal for me to use an Alternate Trustee to sell a property when the Trustee on the Warranty Deed is in town.

When you’re a new real estate investor, being told that what you’re doing is illegal will shake you to your core. You immediately think men with three large initials on the back of their jackets are about to bust through the door and scream at you to get facedown on the ground!

Thank God for Jack Miller. Jack has been one of my primary real estate investing teachers since 1999. He went to heaven about four years ago. Jack taught us a very valuable lesson: When someone tells you that you’re breaking the law, always ask for chapter and verse. In other words…

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Bank Loans Are Becoming Impossible

When it comes to investment real estate, Kim and I work both sides of the mortgage coin. We’re both borrowers and lenders.

Something crazy has been happening with banks over the past few years. Because of federal and state laws – as well as banks’ internal rules – it’s becoming near impossible for a well-qualified businessman to get a loan because of the mountain of needless information the lender requires before a loan will be granted.

Well, when the door shuts, a window opens. Because banks are demanding so much onerous information from borrowers, and because these same banks are paying a miserly less-than-one-percent interest on savings accounts, would-be borrowers are finding better, safer, cheaper ways to get loans. They’re getting loans from private citizens!

Here’s an example of this – it just happened to Kim and me yesterday…

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The Trial and Terror Method

Had a new guy in the car the other day. He wanted to see what a day in the life of a full-time real estate investor was like.

One of the things we talked about was what kind of houses made the best rental property. Easy answer: Wal-Mart houses. What’s a Wal-Mart house? If you go to the checkout line at Wal-Mart, hold up a picture of a nice three-bedroom, two-bath house and ask two questions: 1) Who would like to live here? 2) Who can afford to live here? If eight out of ten people raise their hands to both questions, then that is a Wal-Mart house, and will make a great investment property.

Then the greenhorn investor started going on about how smart I was. In disbelief, I dang near wrecked us into a telephone pole!

I commanded, “Don’t say another word…not another word!” I pulled a U-turn…and headed straight to a near-by property. It was an older brick house – built in 1978. It was way up on a hill – the driveway went straight up! I asked, “Would you ever by this property?” He answered, “What a terrible lot. Only an idiot or a billy goat would buy it!”

I explained that I was just such an idiot. I’d owned the house for the past seven years. I bought the house because…

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