The right way to borrow private money This week I have had calls from multiple private lenders telling me horror stories about investors that had borrowed their money and did not make good on the loans. To me that’s crazy! And I want to explain today what private money lenders are, and the right way you should borrow from them. In most cases, a private lender is a person who is using...
learning to invest
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Why using a lease option is a good idea
Why using a lease option is a good idea I am starting to feel old ya’ll, and it’s not because I’m about to be 41 years old. Granted, I am in a strange age spot. I often make song, show, and movie references from my childhood that the people a little older than I am may or may not get, but the people younger than I am often have no idea to what I am referring. As a matter of fact, it’s a...
The way you lie
The way you lie I don’t know if you are country music fans are not but I like listening to it from time to time — especially if it’s from the 90’s era. But there’s a song from the Band Perry titled “You Lie.” The chorus is great and it goes something like this: ‘You lie like a priceless Persian rug on a rich man's floor. You lie like a coon dog basking in the sunshine on my porch. You lie...
Can you wrap your head around this strategy
Can you wrap your head around this strategy? Buying and holding good cash flowing rental properties long term is the goal when it comes to real estate investing. But is owning a property as a rental the only way to produce a good cashflow? If you don’t know the answer, that’s okay, because today we’re going to talk about a strategy that allows you to have passive income without the joys...
Issue the pay or quit
Issue the pay or quit Do you know what the first step should be for you as a landlord if you did not receive payment from your tenant this month? The answer is: issue the pay or quit letter. Landlords in our area typically have their residential leases set up so rent is due on the first and late after the fifth of each month. Our leases are not that way. In our contracts, rent is due on the...