Cash Flow With Joe

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Buy-and-hold up, wait a minute

Buy-and-hold up, wait a minute

Buy-and-hold up, wait a minute     Buying and holding good cash flowing properties long term is one of the goals of real estate investing. But do you know how to evaluate a deal to see if it does cash flow? If you don’t, that’s okay. Because today I’m going to show how we run the numbers on a deal to decide if a house has a good enough cashflow to be a rental.   To determine the...

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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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Real estate investors make people cry

Real estate investors make people cry

Real estate investors make people cry   I sometimes hear people talking about real estate investors in a poor way. They will refer to us as vultures circling around. (I guess they see us as waiting for people’s homes to die so we can swoop in and greedily make massive profits off others’ misery)   And just like with any profession, there are some investors out there who care more about...

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Don’t get emotional when making an offer

Don’t get emotional when making an offer

Don’t get emotional when making an offer   If you read the title of this column, you probably already gathered that you shouldn’t get emotional when making an offer. And that’s true — when you get emotional, you tend to make a bad deal.     I’ve seen this concept play out in many ways. A newer investor will overbid on property. And since they’re excited about doing their first —...

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Face to face

Face to face

Face to face     Monday morning was super busy for me. You see, we had a closing where we were purchasing a double wide on it’s on land, and I needed to prepare closing docs, get a cashier’s check for that closing and also attend to my normal Monday morning commitments.   Due to labor shortages, my bank’s local branch had its lobby closed. As such, I had to go through the...

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