There’s been some massive swings of instability in the stock market. I’ve got enough drama in my life. I don’t need it with my money. Little deals produce little cash. Little deals will get hurt when the market corrects. All the foreclosures were small deals: 2, 6, 8 , 10, and 12 units. What’s the problem with these deals? They cannot cash flow. It’s back to termites, tenants, and toilets. I tell you the truth—you should be in 32 units. You don’t need to sell a house. Mortgages are an obligation. You’re going to get killed with these deals. They don’t produce enough. Buy something that produces income. Little deals are traps. You’re not in real estate if you’re trying to sell a single family home. You’re in sales. You might as well sell tennis rackets, shoes, or cars to make money.
Do you like drama in your life? I’ve got enough already. I don't want drama with my money. Two mistakes people make after they work hard for years: 1. Never invest 2. Invest in the wrong thing I don't have up or down days. My investments pay me regardless... If the stock exchange collapses or if Bitcoin goes up or down, I get monthly checks. I’m paid to wait while my property value goes up. That’s the certainty that you need with your investments—you need mailbox money. Invest in things that provide income: 1. Hard Assets 2. Produce income despite stock market changes Most people start with one unit—it’s a mistake. That’s what I did. It was great until my renters moved out. Then I was negative cash flow. You have to have scale to produce stability. Mass, volume. That means
Real Estate Show: Money is the easiest part of buying real estate. The hardest part is finding the right deal and getting a broker to listen to you. 1. When did this last trade? 2. How much did it trade for? 3. How would you rate the location on the scale of 1-10? 4. What is your debt-underwriting for the property? 5. What do you like most about it? 6. What do you like least about it? 7. What else do you have that is either unlisted or off-market? 8. Other than price, what terms will motivate this seller? 9. Who is the type of buyer for this property? 10. Do you have a favorite buyer at this time? 11. How do I exit this deal later? 12. In your mind, what is the play on this deal? http://www.cardonecapital.com ---- ►Where to follow and listen to Uncle G: Instagram: https://www.instagr
Real Estate: Analyzing Cash Flow—When you buy a property, you need cash flow. There is a reason why cash is called king. You want big cash flow every month when you make an investment. But how do you analyze the cash flow of a property? Income—VIP parking, laundry…anything that people need and want that you can charge extra for. Expenses—You’re going to have payroll, landscaping, utilities, insurance, repairs, taxes…these are all things that you can’t get rid of. Debt—Principle and interest on the loan. Cash Flow—Are you making any money on the deal or not? If it’s 1 door rent it, if there are many doors, own it. Time and cash flow = appreciation. If you buy the right property and make the right moves with it, time and cash flow will get you a 2X to 3 X return—guaranteed. For mo
How to Increase the Value of Properties-Real Estate Investing Made Simple: You need to value-add.When you are buying apartments, how can you add value to get more income? Tips to find the value-add in the deal include the following: 1.Rent Disparity— look for markets where there is a big difference in prices, where there are $800 rents in the ghetto and then jump to $3000 in other areas. Where’s the middle? Look for markets where there is big rent disparity. 2.Timing—there are certain times better than other times, and to know the timing you have to be in the marketplace. 3.Kitchens and floors— You don’t get a pool to raise the rent, but to make it easier to rent. Amenities make it easier to close the deal with people. Washers and dryers will cost money to install but will make it easi
Subscribe and comment for a chance to win a free ticket to http://10xgrowthcon.com How to Get a Loan-Real Estate Investing Made Simple: The easier a loan is to get, the less money you will make, the more trapped you are, and the fewer buyers will be there to buy your deal on your exit. There are different types of loans, and the easiest to get is a residential loan, which is 4 units or less and you must live in one of them. This is better than a home loan. This loan is not just based on your credit, it’s based on income. Commercial loans are more difficult to get. Here’s what they’re going to look for: 1. They’re going to look at your net worth first. 2. Next, they’ll look at your credit. 3. Finally, they’ll look at your track record, what kind of experience you have. The mos