Cash on Cash Return & Return on Investment
Monday, August 22
What Is The Difference and Which One is Better?How do you compare two investment properties side by side to determine which is the best investment for your hard earned dollars? The answer to this question is likely very complicated because there is a lot that goes into an investment decision. Wh...
Friends and Partners - Do They Mix?
Wednesday, August 17
I recently taught a class about using hard money and two young motivated entrepreneurs were in the room. They were in the front row and were eager to learn. I am always really excited to see the young, motivated new investors getting started. These two really reminded me of myself when I was g...
Getting the Seller to Sign Your Agreement
Monday, August 08
We have been talking a lot recently about how to locate great deals. When dealing with individual sellers I recommend following these steps: Make contact (advertising)Speak on the phone and set an appointmentNegotiate the dealDue diligenceClosingIn the above list, closing refers to actually buyi...
My First Eviction
Monday, August 01
The rental market is strong, rents are up and vacancies don’t exist. I have been land lording for only 5 years, but have a handful of properties. I once heard someone mention the number of tenant months as an experience indicator (number of properties x months of management). In my 426th tenant m...
Following Up on Seller Leads
Monday, July 25
How would your life change if you were able to convert ten percent more of your leads into deals? It is easy to do and you are already spending money to generate those leads so why not take full advantage? Having a follow up system or tickler system in your real estate investing business is cru...
Do You Know the Difference Between Cash Flow and Profit
Monday, July 18
WHY MILLIONAIRES GO BANKRUPT "That is exactly why we cannot loan you the money you need," I said in response to a potential client explaining to me that he has over $20,000 a month going through his account. Cash is king. If you have it, you stay in business. If you don't...