CASH FLOW
With Joe
Financial Freedom, One House at a Time
Latest Post
Substance over form
Substance over form I had an interesting case come across my desk this week that had to do with a lease option going bad. At first, I typed “gone bad,” but the situation has not fully resolved, so I changed it. But it’s a great illustration of what not to do as an investor and I thought I would tell you about it so you don’t make the same mistakes. Lease options have become a popular exit...
Land lording
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...
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...
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...
Mobile Homes
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...
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...
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...
Real Estate Investing
Looking like professionals
Looking like professionals The cost of trade labor has gotten quite high lately in my opinion. I’m seeing some strange business practices with how companies are bidding jobs. And if you’re looking in the wrong places for help, it might cost you an unneeded arm...
Hope for the best, but get the rest in writing!
Hope for the best, but get the rest in writing! I like to think of myself as a positive person. So much so that I think they made a little mistake when they did my blood type. You see, they say I’m B-negative, but I disagree because I tend to be positive. So,...
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....
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...
What’s The Deal episode “The Gut Job”
The Gut Job In this episode Joey and Ashley walk you through a rehab that is an entire Gut Job. Was it worth it? You'll have to wait and see. https://youtu.be/IIdtDyQcxek
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