Cash Flow With Joe

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Does this deal work?

Does this deal work?

  I have one of those aftermarket, Bluetooth- equipped, Kenwood stereos in my truck. Since I got it, everyone in the car is privy to my phone conversations.   As I drove to Cartersville with my 18-year-old helper, I got a call from an investor looking to sell his two rental properties. Consequently, Lucas got to listen in on the call.   The investor had two properties, which he...

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Lien on me

Lien on me

    We’re buying a house over in Adairsville — one of those buy-it-in-less-than-a-week-type deals — which means that for things to move that quickly, everything has to line up just right.   We got the house under contract Sunday, hoping to close it on Friday.   Monday morning, my closing attorney ordered a title search. This is important for two reasons. No. 1, you need to...

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Seek out good advice

Seek out good advice

  The other day, Ashley and I were shopping for appliances for a flip. Normally it’s not a big deal. We use the same stove, dishwasher and vent hood on almost every house. But this time, it was after Black Friday, and everything was on sale. We pointed out some different appliances we liked to the salesperson. But on each one, they tried to up-sell us. And each up-sell added a couple...

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A teachable moment

A teachable moment

On a recent workday, I walked out of the door of a house we’d purchased the previous week and got into my truck. To quote Peg from the PBS show my kids watch, “Peg + Cat,” “I’m free-e-king out!”     When I arrived at the house, we found it was still completely full – as in, the seller hadn’t moved yet.   You see, they’d had until the day before to have all their personal property...

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Lonnie Deals in Action

Lonnie Deals in Action

Today is a bittersweet day. We had a Lonnie Deal payoff for the very first time in over six years. It’s bitter because we just lost the $275 income stream this deal was paying us and now we have to go out and replace that money.   It’s sweet because I just got a text from my good friend named Mike Hicks. Mike’s a smart investor up in the Rossville area. Recently, his beautiful wife, Teah,...

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