CASH FLOW
With Joe
Financial Freedom, One House at a Time
Latest Post
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...
Land lording
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:...
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...
Working with your hands pays
Are you handy? Do you have construction skills? If you do, that’s great. But just because you do, does that mean you should work on your rentals yourself? For me, the answer to that question is ‘yes’ … most of the time. Now that may come to you as a shock, especially...
Mobile Homes
Trailer differences
Trailer differences I’ve had a lot of calls this week about mobile homes. Mostly, the conversations centered around the differences between trailers and stick-built homes in rehabs. So, I’d like to highlight a few of the major differences you need to be aware...
Why you need a bill of sale at closing
Why you need a bill of sale at closing We recently bought a land home deal, which is a mobile home being sold with land. We call it a land home deal because you can buy just the trailer and not the land. This takes place in a mobile community or somewhere else...
Do it wrong, do it long
Do it wrong, do it long When I was in middle and high school, I was on the football team. Notice how I intentionally phrased that statement. Let me explain. When I was in middle school, we lived in a little town in Madison County called Hull on the...
Real Estate Investing
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....
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...
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...
Videos
In-home interviews are powerful
In-home interviews are powerful Paper applications can tell you a lot about a rental applicant. But landlording is a people business. And just using an application falls short on giving you a total picture of what kind of person your applicants is. Check out...
What’s The Deal episode “The Gut Job”
The Gut Job In this episode Joey and Ashley walk you through a rehab that is an entire Gut Job. Was it worth it? You'll have to wait and see. https://youtu.be/IIdtDyQcxek
What’s the Deal episode “The Odd One.”
The Odd One On this episode of What's The Deal, Joey and Ashley show you how to acquire a rental property via owner financing and then compare and contrast the rehab differences in a rental verses a flip project. https://youtu.be/i5m-ELeyWRY