Archive
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 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? 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 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...
Paperwork is a memorial Peter Fortunato, one of the greatest real estate creative deal structures I know, always says that your paperwork is a memorial of the meeting of the minds. What he means by that statement is that when you make a deal with someone, you are both making a set of promises. And your contracts, notes, leases and other paperwork are meant to memorialize what the two of...