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Real Estate Investing

  • May
    24

    Real Estate Investing – YEAH, rents came in!

    I received Rent Check, Called up my Friends and told them to meet me at the local Pub!

    Real Estate investing requires you to be a responsible person by understanding rental income. The value of positive cash flow and be responsible to where the rent money needs to be allocated.

    I met a handy man a couple years ago who invested in foreclosures 2 years ago. He was selling one of his investment properties, just happened to be a 4 plex. I immediately asked him one simple question. Can you guess what question I asked?

    Here it is, What is your monthly cash flow?

    Now, the cash flow number can change depending upon how much money the investor put down on the property and interest rate or how the investor’s loan is structured. It’s critical to dig deep into the answer.

    Remember, Cash if King!

    He told me he pockets $1,100.00 and uses this money to pay his mortgage payment. Well immediately, I started to probe him for other questions. He never did answer my other questions but all he did was small talk or walk around my questions. I recently found out he lost all of his properties in January to foreclosure.

    You ask WHY, I will tell you why.

    He never repaired his properties to a living standard. The work was completed but done beyond satisfactory. The city was fining him for violations and he never did complete the work to the cities requirements.

    2nd reason, This particular investor took his rental income and went down to the local Pub. Folks if you don’t pay your creditors they will come after you for your assets. Even though real estate prices have dropped dramatically, real estate is still worth a better price than your old furniture or rusty old car.

    This particular investor was uneducated in Cash Flow and the banks took back all of his real estate assets.

    Property Management is a critical skill investors are not willing to learn and invest and time or money. This area alone will either make you a millionaire or make you poorer than you already were prior to real estate investing. Which one do you choose?

    Invest in John Dessauer’s Property Management course to keep your monthly cash flow coming in month after month. Without it, the banks will be calling you

    Cashflow Cindy

    P.S. Do it Now

    Find Your Life’s Freedom’s! Take Action Now!!

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