CASH FLOW
With Joe

Financial Freedom, One House at a Time

Latest Post

The right way to borrow private money

The right way to borrow private money

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...

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Land lording

Soaking wet with three-day old pants

Soaking wet with three-day old pants

Soaking wet with three-day old pants   I am soaking wet and quite a bit dirty right now. And if truth be told, I have had the same pair of pants on for three days straight. Now that may seem a bit odd, but let me explain. On Tuesday afternoon I got a call from a...

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Tracking your rentals

Tracking your rentals

Tracking your rentals   This week we have been neck-deep in QuickBooks working on our numbers in our rental company. The reason for this is we are doing a deep dive on our rentals to see how they’re preforming and also updating our actual metrics from 2023 to...

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A Landlords Tale

A Landlords Tale

A Landlords Tale   ‘Twas the night before Thanksgiving and all through the house, Not a creature was stirring, not even a mouse. Now you know that’s not true, cause children of four have we, And there’s nary a moment of silence, especially in the evening.   At 8...

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Mobile Homes

Trailer differences

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...

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Why you need a bill of sale at closing

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...

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Do it wrong, do it long

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...

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Real Estate Investing

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....

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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...

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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...

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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...

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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

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