Archive
Note well the state of your flocks Have you ever read the book of Proverbs in the Bible? If not, check it out sometime. It was written by King Solomon who was called the wisest man who ever lived. He led Israel to become one of the most prosperous nations on earth and amassed great personal wealth. The reason I bring that up is because the book of Proverbs is a book of wisdom Solomon...
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 better forecast what we need to do for 2024. Now, if you are unfamiliar with the word “metrics” as it applies to rentals, all that...
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...
We don’t do short term rentals “Mr. Insurance man, we don’t do short term rentals.” This was an actual conversation I was having this week when we got approached by an insurance company looking for a rental for one of their clients. The client’s situation was they had had an accident that had destroyed their home. And when I say destroyed, it was a total loss. They were...
One-sided This week I got a call from an agent to go look at a potential deal. It was a 5-bedroom/ 3-bath house with over 3,000 square feet located in a very desirable area priced at only $100,000. When you see deals like that, you stop what you are doing and get to the house as soon as humanly possible. It wasn’t hard to spot which house I was going to when I turned into the...