Cash Flow With Joe

Real Estate Investing

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Hope for the best, but get the rest in writing!

Hope for the best, but get the rest in writing!

Hope for the best, but get the rest in writing!   I like to think of myself as a positive person. So much so that I think they made a little mistake when they did my blood type. You see, they say I’m B-negative, but I disagree because I tend to be positive. So, there is a little discrepancy there. But all kidding aside, I enjoy being around other positive, upbeat people. I don’t watch the...

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Did I mess up?

Did I mess up?

Did I mess up?   “I don’t believe this is going to work.” That is what the soil analysis guy, named Doug, told me as we were trapesing through the property we just purchased. And as we walked back, all I could think was, “Did I mess up?” That’s a sinking feeling.   This house was one I’ve told you about in the past. It was the house that had a title flaw on it and in order to get rid...

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Should we keep it or kill it?

Should we keep it or kill it?

Should we keep it or kill it?   How would you like to go over a real-life deal we are working on today? Would that be beneficial? Actually, you might even be able to help me with it. Because we are having a hard time deciding if we should keep it or kill it. I get the idea of “keeping it” versus “killing it” from Aesop’s Fable about the Goose and the Golden Egg. And if you aren’t familiar...

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Don’t be a good-for-nothing wholesaler

Don’t be a good-for-nothing wholesaler

  Don’t be a good-for-nothing wholesaler   Boy I’m going to get some hate mail for that title. But read on and you will understand what I mean by it. Before we get started, I need to define what I mean by the term “wholesaler.” Wholesaling is a strategy in real estate where the basic idea is to get a house under contract for enough of a discount that you can mark it up some and still...

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Fat deals looking slim

Fat deals looking slim

Fat deals looking slim   Being able to track your rehab numbers is a crucial skill as a real estate investor. The reason for this is if you don’t know how much it will cost to fix the house, you can’t make an accurate offer.   To show you what I mean by that, let’s talk about a real deal that we have on the table right now.   This particular lead came in from an agent whom I’ve...

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