Why You Should Always Invest For The Cash Flow

I was a claims adjuster when I was 27 years old, this was in the 90s. I had a chance to put my job and go into the medical business and the clinics. It wasn't until about 2003 that I wanted to get into real estate, I realized that I didn't have retirement and that I needed to find a way to start looking towards the future and then building some assets that will take care of me and my family in the future. I started having kids, this all happened around 40, I was going to keep the clinics and keep running the businesses, but, needed a way to retire. So real estate has always been a retirement plan for me. 

I need cash flow. It's always been something that I just like putting money in the bank, it's just something I'm putting away for the future and it just grows, grows and grows and someday it will make more than my full-time businesses and I'll sell those off and go more passive with real estate. 2003 I started buying single-family homes, flipping houses and doing the rehabs and then I started wholesaling houses. I became really good at buying them, so I just started wholesaling to other people. And then around 2008, when the market crashed, there were a lot fewer buyers, so then I just started to cumulating houses, buying, holding and that was more of a future play. 

When you're flipping houses and when you're wholesaling houses to other investors, you're just trying to make money. Only houses are more of a longterm play, you have to fix them up, rent them out, and then 10-15 years later they're paid off, that's just something that you can rely on for the rest of your life. So I bough up to about a hundred houses, I have about 105 houses now and they're all in various stages of being paid off. And so I put them on short term mortgages, five 10-15 year mortgages, some are paid off, some are getting paid off and some will take a little longer pay off, but most of them providing me positive monthly cash flow.

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