Cashflow Guys: Recent Episodes
Cashflow Guys
Thank you…good night.
The post 431 – Its Time…The Final Episode first appeared on Cashflow Guys.
In this episode, Tyler discusses many of the dangers of coliving that most people are not talking about.
The post 429 – The Dangers of Coliving first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss some recent events that Mike experienced at a local job fair.
The post 428 – The Dangers of Herd Mentality first appeared on Cashflow Guys.
In this episode, Mike Marino goes solo as host this week while he interviews Jon Fritz a serial entrepreneur who owns multiple small businesses in Mike’s hometown of Salida, Co
The post 427 – Hostel Cashflow with Jon Fritz first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss some of the pitfalls in low-hanging fruit.
The post 426 – Low Hanging Fruit Can Spoil first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss Mike’s recent accident and how his backup plan made the situation far less painful than it could have been.
The post 425 – The Backup Plan first appeared on Cashflow Guys.
In this episode, Tyler goes solo and explains why goals suck!
The post 423 – Goals Suck first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss was to cash flow on a property without ownership.
The post 422 – Cash Flow By Control first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss was to cash flow on a property without ownership.
The post 422 – Cash Flow By Control first appeared on Cashflow Guys.
In this episode, we break down the common missed opportunities that come from sticker shock.
The post 404 – Sticker Shock Means Missed Opportunity first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss the 5 ways to fix zoning problems as listed below: Understand the zoning laws in your area. The first step to working through zoning issues is to understand the zoning laws in your area. This includes knowing what types of uses are allowed in different zones, as well […]
The post first appeared on Cashflow Guys.
In this episode, Tyler discusses tips on how to workout great deals regardless of the high interest rates we are seeing these days.
The post 402 – High Interest Investing first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss the easiest way to get your next deal going…tune in and take a listen!
The post 401 – Short Cuts To Get Your Next Deal first appeared on Cashflow Guys.
In this episode, Tyler discusses his new special friend…Claude Ai
The post 400 – Meet My New Friend Claude first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss a recent video put out by Joe Brown from Heresey Financial. We feel those waiting for a big crash in real estate may wind up being disappointed, listen in to learn more…
The post 399 – You Missed The Crash first appeared on Cashflow Guys.
In this episode, Tyler and Mike discuss several opportunities they recently discovered in a small town.I
The post 398 – Control Equals Opportunity first appeared on Cashflow Guys.
In this episode, Tyler breaks down what happens in regard to breach of contract as well as how to avoid it and what do do if it happens to you.
The post 397 – Breach of Contract first appeared on Cashflow Guys.
In this episode, Mike and Tyler dive into current economic news and blogs in a search for the truth.
The post 396 – Is Positive Cashflow Still Possible? first appeared on Cashflow Guys.
In this episode, Tyler discusses the current state of the economy as it relates to inflation and what to do about it. Many people are under. the impression that once inflation is reduced, prices will go down accordingly which is simply not true….listen in for more on this topic
The post 395 – Inflation Hacks For Real Estate Investors first appeared on Cashflow Guys.
In this episode, Tyler breaks down 20 ways you can use Chat GOPT as a Real Estate Investor.
The post 394 – How To Use Chat GPT as a Real Estate Investor first appeared on Cashflow Guys.
In this episode, Tyler and Mike Unpack how to be safe with DSCR Loans
The post 393 – How To Be Safe with DSCR Loans first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss under-the-radar tips on how to make money from the upcoming secret tsunami.
The post 392 – How To Make Money From The Secret Tsunami first appeared on Cashflow Guys.
In today's crazy world, it's easy to get confused when it comes to investing in anything. We believe there are ways to simplify the craziness which is what we discuss in this episode of the podcast.
The post 391 – The Confused Investor first appeared on Cashflow Guys.
In this episode, Mike and Tyler share what they have learned by working with the staff of numerous local governments.
The post 390 – Tips on Navigating City Hall first appeared on Cashflow Guys.
Have you ever missed an opportunity for a great deal? Well if you are anything like us you definitely have…in this episode, Mike and Tyler discuss the steps on how to recover from a missed opportunity.
The post 389 Dealing with Missed Opportunity first appeared on Cashflow Guys.
In this episode of the Cash Flow Guys Podcast, co-hosts Tyler Sheff and Mike Marino tackle the crucial topic of overpaying for properties and its detrimental effects on cash flow. They delve into common mistakes such as overestimating property value, accepting misleading projections, and underestimating expenses. Tyler and Mike provide listeners with practical solutions, including utilizing income and expense verification tools, questioning appraisals, and obtaining accurate cost estimates. They also explore alternative options if you've already overpaid, such as repurposing properties or expanding square footage. Join Tyler Sheff and Mike Marino as they share invaluable strategies for safeguarding investments and maximizing cash flow in the real estate market.
The post 388 – From Mistake to Opportunity: Overcoming Overpaying first appeared on Cashflow Guys.
The Crucial Role of Zoning Regulations for Real Estate Investors
Understanding the intricacies of zoning regulations is paramount for real estate investors looking to maximize their opportunities and minimize risks. Zoning regulations, put in place by local governments, dictate how land can be used within specific areas. These regulations establish different zones, such as residential, commercial, or industrial, each with its own set of permitted uses, building codes, and restrictions. As a real estate investor, having a comprehensive understanding of zoning regulations is essential for making informed decisions, identifying profitable investment opportunities, and navigating potential challenges.
Zoning regulations act as a blueprint for urban planning, ensuring the harmonious coexistence of various land uses and protecting property values. By familiarizing themselves with local zoning codes and restrictions, real estate investors can assess the feasibility and potential of a property for their intended purpose. For instance, if you plan to develop a commercial property in a residential zone, you might face zoning hurdles and restrictions. However, by being knowledgeable about zoning regulations, you can proactively identify suitable properties that align with your investment goals and avoid costly surprises.
Furthermore, understanding zoning regulations helps real estate investors anticipate future market trends and development opportunities. Zoning changes, such as rezoning residential areas for mixed-use developments or creating designated zones for certain industries, can significantly impact property values and investment potential. Staying informed about zoning updates and proposed changes in the local area allows investors to adapt their strategies and capitalize on emerging opportunities. Additionally, being aware of potential zoning challenges and restrictions enables investors to develop comprehensive mitigation plans and seek necessary approvals, ensuring smooth transactions and successful projects.
Lastly, a solid grasp of zoning regulations is indispensable for real estate investors. By understanding zoning codes, investors can make informed decisions, identify suitable properties, navigate challenges, and seize opportunities that align with their investment objectives. Keeping a pulse on zoning changes and updates empowers investors to stay ahead of the game, unlock hidden potential, and thrive in the dynamic real estate market.
The post 387 – Zoning – The Game Changer first appeared on Cashflow Guys.
In this episode, Tyler Sheff shares his experience with utilizing the Airbnb platform to generate extra income from a rental property. He had a tenant who was having trouble paying rent, so he offered to renovate the apartment in exchange for exclusive control of the property for eight months of the year. Tyler and his team spent $3,000 to renovate the apartment, and then he rented it out on Airbnb for the remaining eight months, generating significantly more income than he had previously. Tyler eventually ended his arrangement with the tenant, but he continued to lease out the property on Airbnb and it became his top-performing apartment. Later in the conversation, pilot Mike Marino discusses how he has been able to generate income by leasing a four-bedroom house to fellow pilots who need a place to sleep between flights. He chose to lease instead of buy because he wanted to maintain control of the property without taking on all the financial responsibilities of ownership. Tyler emphasizes that there is no one-size-fits-all approach to real estate investing, but it's important to consider all options before making a decision.
The post 386 – The Fine Art of Control first appeared on Cashflow Guys.
In this episode, Tyler answers a series of listener questions in regard to the previous episode about making offers.
The post 385 – The Offer Game: Your Burning Questions Answered! first appeared on Cashflow Guys.
In this episode, Tyler discusses tips to overcome the fear of making offers of any kind, not just in real estate.
The post 384 – Overcoming The Fear of Making Offers first appeared on Cashflow Guys.
In this episode, Tyler and Mike discuss the benefits of socially responsible investing.
The post 383 – Socially Responsible Investing first appeared on Cashflow Guys.
In this episode, Mike and Tyler dig into a recent event regarding a “wholesaling Realtor” who was trying to sell a property he did not have listed.
The post 382 – Dealing with Time Wasters first appeared on Cashflow Guys.
In this episode, Mike unleashes massive value with an under-the-radar trick to grow your 401K using TAX FREE money!
The post 381- How To Grow Your 401K The Easy Way first appeared on Cashflow Guys.
In this episode, Mike and Tyler interview Richard Roop, the world’s foremost expert on using artificial intelligence to supercharge your real estate investing business in 2023. During the episode, Richard revealed several under-the-radar methods of mining the best information possible from AI. By visiting cashflowguys.com/roop you can join his upcoming FREE mastermind where you will learn how to use AI tools in such a way that reduces your workload while streamlining your lead generation. Need to raise money for your deals? Looking for deals in your local market and don’t know where to look or who to talk to? Not anymore! These tools will give you the answers you have been wanting and need to take your business to the next level. Here at Cash Flow Guys we have been implementing AI tools to grow our database such that we can serve more people who want to invest in senior living homes. Stay tuned for upcoming episodes where Mike and I learn from Richard and immediately implement what we learn as we participate in Richard’s “Aim High” Mastermind!
The post 380 Artificial Intelligence Hacks for Real Estate Investors with Richard Roop first appeared on Cashflow Guys.
In this episode, fellow Cash Flow Guy Mike Marino tells us how he got a free camper van AND a free BMW. This is an episode you certainly don't want to miss!
The post 379 – How To Get a FREE Camper Van first appeared on Cashflow Guys.
Claudia Moncarz (a Tax Lawyer) is our guest this week on the Cash Flow Guys podcast to discuss her service, Tax Alarm, which provides credit alert and real estate deed monitoring. With the recent events of the IRS getting involved and the influx of PPP loans, Claudia believes that people should take preventative care to protect themselves from any potential legal issues. This can be done by signing up for Tax Alarm's services, which is almost free and provides invaluable protection. She encourages everyone to take a step and go to her website mytaxalarm.com in order to protect their financial future. Thank you Claudia for taking the time to talk about this important service. We wish our listeners the best of luck!
The post 378 – What To Do When The IRS Comes For You – with Claudia Moncarz first appeared on Cashflow Guys.
In this episode, Tyler sits down with none other than Mat Sorensen. Mat Sorensen is the best-selling author of, “The Self Directed IRA Handbook: An Authoritative Guide For Self Directed Retirement Plan Investors and Their Advisors” (40,000+ copies sold). It is the go-to book for investors and professionals in the self-directed IRA industry. As CEO of Directed IRA, Mat led the trust company to One Billion in Assets Under Administration in 3 Years. His knowledge as an attorney is sought-after for real estate, private funds, notes, rules, and regulations. Mat is also a VIP contributor to “Entrepreneur” and has been cited, referenced, or quoted by the Wall Street Journal, Forbes, and The Guardian on self-directed topics. Mat is a Senior Partner at KKOS Lawyers and attempts to maintain his youth by skiing and racing road and mountain bikes.
To contact Mat directly please use the following links:
https://matsorensen.com/about
https://www.linkedin.com/in/matsorensen
https://www.youtube.com/@MatSorensen
https://www.entrepreneur.com/author/mat-sorensen
https://directedira.com/
https://kkoslawyers.com/
The post 377 – Tax Free Real Estate Investing with Mat Sorensen first appeared on Cashflow Guys.
In this episode Tyler talks about the importance of taking control of your deals and not allowing yourself to be pushed around by vendors, wholesalers or Realtors.
The post 376 – Take Control of Your Deals first appeared on Cashflow Guys.
In this episode, Tyler and Mike discuss interesting ways to generate strong cash flow returns with minimal investment.
The post 375 – Parking Spot Cash Flow first appeared on Cashflow Guys.
In this episode, Mike and Tyler discuss the results of a city council meeting that Mike attended in his local home market. You'll never believe WHO called Mike after the meeting!
The post 374 – Small Town Problem Solving first appeared on Cashflow Guys.
When considering purchasing real estate, it is important to understand buyer-broker agreements—contracts between someone who's buying property and the broker helping them. These contracts typically spell out how much compensation will be paid as well as what type of representation they can expect from their broker. It's essential that all terms are laid out clearly in order for both sides to know exactly what happens if either party fails to comply or defaults on payments; any ambiguity should never be left up for interpretation! If you feel unsure about signing a buyer-broker agreement, make sure you read through the document thoroughly then consider having an attorney review it prior so you have full peace of mind. Failing (or refusing) sign such an agreement may result in your brokerage no longer working with you during your transaction process. Listen in for several tips on what to do if presented with one of these agreements or an NDA
The post 373 – About Non Disclosure and Buyer Broker Agreements first appeared on Cashflow Guys.
In this episode Tyler Sheff and Mike Marino interview the CEO of the coliving management company Homeroom.com which is a revolutionary coliving platform Coliving provides an affordable and convenient living option for millennials on the move. The platform offers private rooms, communal spaces, and all the necessary amenities to make life easier. With Homeroom.com, users can save time and money while exploring different cities, meeting new people and creating unique experiences. This platform has numerous benefits when it comes to coliving such as: increased safety, flexible rental terms, ability to live in a variety of locations, access to essential amenities like high-speed internet, shared spaces for socializing or work, cost savings due to shared utilities and more. Homeroom.com is an ideal solution for anyone looking for a hassle-free living experience without having to worry about long-term commitments or hidden costs. Dive in and take a listen!
The post 372 – Coliving Cashflow with Johnny Wolff of Homeroom Coliving first appeared on Cashflow Guys.
In this episode, Tyler Sheff and Mike Marino interview the CEO of the coliving management company Homeroom.com which is a revolutionary coliving platform Coliving provides an affordable and convenient living option for millennials on the move. The platform offers private rooms, communal spaces, and all the necessary amenities to make life easier. With Homeroom.com, users can save time and money while exploring different cities, meeting new people, and creating unique experiences. This platform has numerous benefits when it comes to coliving such as increased safety, flexible rental terms, the ability to live in a variety of locations, access to essential amenities like high-speed internet, shared spaces for socializing or work, cost savings due to shared utilities, and more. Homeroom.com is an ideal solution for anyone looking for a hassle-free living experience without worrying about long-term commitments or hidden costs. Dive in and take a listen!
The post 372 – Coliving Cashflow with Johnny Wolff of Homeroom.com first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff explore the potential downsides to trying to do everything yourself rather than creating a team of people. They discuss how having a team allows you to have different points of view on a project and can help with collaboration and problem-solving. They also point out that having a team can allow individual members to specialize in certain areas, allowing for faster problem resolution and better outcomes. Furthermore, they discuss how building a team can give you access to more resources, making it easier to get the job done. Lastly, Mike and Tyler emphasize the importance of communication when forming teams, as it is essential for successful collaborations.
The post 371 – FYI on DIY first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss the building of our “Yellow Brick Road” within our investment fund.
The post 370 – The Yellow Brick Road first appeared on Cashflow Guys.
In this episode of the Cash Flow Guys Podcast, Mike Marino and Tyler Sheff are interviewing Isabelle Guarino from the Residential Assisted Living Academy. It’s a unique niche never before covered in the real estate investing world. Isabelle’s training helps investors learn how to purchase or build assisted living homes, which can generate double or more rental income than single-family properties. Dive into a deep dive with Isabelle to learn more about residential assisted living!
The post 369 – Investing in Compassion with Isabelle Guarino first appeared on Cashflow Guys.
•In this episode, Dr. Steven Nguyen deep dives into under-the-radar styles of real estate investing.
• Steven is a self-made investor who has discovered how to leverage the systems and processes he has learned into a robust portfolio of rentals.
• Using primarily direct mail consisting of his own “yellow letters” system of marketing, he is able to consistently generate a steady amount of leads that has resulted in him now owning over 90 units WITHOUT PARTNERS.
How He Built a 90-Unit Rental Empire Without Any Partners
Before diving into Dr. Steven Nguyen’s success story, it’s important to understand the basics of real estate investing, including the different types of investment strategies available such as fix & flip, buy & hold, wholesaling and more. Knowing which type of strategy best fits your individual situation can help you make informed decisions about which investments are worth pursuing and which ones should be avoided.
Dr. Steven Nguyen was able to leverage his systems and processes into a successful rental portfolio with over 90 units without any partners involved. He started out slowly by acquiring his first property in 2003 and then began building up his portfolio from there. One key factor that helped him succeed was having an organized system in place for managing both short-term & long-term goals with regard to each rental property he invested in — this allowed him to maximize profits while ensuring that all properties were consistently maintained at their highest levels so that tenants would stay longer and vacancies would be kept at a minimum.
Dr Nguyen also utilized direct mail marketing and “yellow letters” system as part of his overall marketing strategy when it came to generating leads for potential renters or buyers for each of his properties. He found that targeting distressed property owners who were likely in need of help selling their homes quickly or renting out their properties on a long-term basis yielded great results — often times these individuals had little knowledge or experience when it came to real estate investing so they were willing to work with him on favorable terms that allowed him to generate steady returns from each investment he made. This type of targeted approach proved invaluable when it came time for him to expand his business further down the line as he already had an established network of people who trusted him enough to do business together again in the future. Conclusion: Through hard work, discipline, smart systems implementation, and an understanding of the basics behind real estate investing; Dr Steven Nguyen has been able to successfully build up a portfolio consisting of over 90 units without any partners involved! His story serves as an excellent example for anyone looking for strategies on how to build up their own rental empire without having any prior experience or capital upfront – if you can follow in his footsteps with determination then there is no telling what heights you can reach!
Investing in “situations” can often be a more lucrative choice than investing in property. People looking to make money through real estate investments often overlook the seller's situation. However, there are many advantages that come with investing in situations instead of simply focusing on physical structures or land. Situations offer a variety of clues that can help you prepare offers that are more likely to be accepted. Additionally, situations will guide you toward a better understanding of what the seller needs to know in order to say “yes” to your offer. Thus, those looking for a lower-risk investment should consider investing in situations rather than solely focusing on the property itself.
Steven provides tons of solid gold nuggets in this episode that I'm sure you'll want to know. As promised, here is his link tree if you want to connect with him and learn more or follow him on social media:
https://linktr.ee/makingmultifamilymoney
The post 368 – Buying Situations with Dr Steven Nguyen first appeared on Cashflow Guys.
This is part two episode of our previous episode where Mike and Tyler discuss the details provided in Ken McElroy's recent “Pencil's Down” video on Youtube.
The post 367 – Pencils Down Part Two first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss the advice provided by Ken McElroy in regard to the current US economic conditions. In speaking with his network, the investment bankers seem to agree on a temporary “Pencil Down” strategy to see what happens in the US economic markets. Mike and Tyler are big fans of Ken and his advise and in this episode, we discuss how you can leverage information like this to build great wealth during uncertain times.
The post 366 – Pencils Down Part One first appeared on Cashflow Guys.
In this episode, I explain a dumb thing I did and what you can learn from it.
The post 365 – I Am Sorry first appeared on Cashflow Guys.
In the real estate investing space, it's critical to find a balance between patience and profits. In this episode, Mike Marino and Tyler Sheff discuss several examples of how establishing balance can help you achieve success you never thought possible.
The post 364 – How To Balance Patience and Profit first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss the dangers of not reading documents before you sign them.
The post 363- Document Detail Dangers first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss the topic of highest and best use. Sometimes when you change the use of a property, it can mean significantly larger profits for you.
The post 362 – Exploring Change of Use For Bigger Returns first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss how the Us Versus Them Mentatlity can make or break your investment company.
The post 361 – Us Versus Them first appeared on Cashflow Guys.
In this episode, Mike Marino and Tyler Sheff discuss the many misconceptions surrounding investing in multi-unit properties.
The post 360 – Multifamily Misconceptions first appeared on Cashflow Guys.
In this episode, Mike Marino and I discuss how being “green” can bring huge profits for real estate investors.
The post 359 – How Green Energy Make You Money – With Mike Marino first appeared on Cashflow Guys.
In this episode, Mike Marino and I discuss what we learned while driving for dollars recently in Central Florida.
The post 358 – What We Learned Driving For Dollars – With Mike Marino first appeared on Cashflow Guys.
In this episode, I discuss how dangerous it is to expect short-term rental operations to save a lousy deal and turn it into a good one.
The post 357 – AirBnb Will Not Save You first appeared on Cashflow Guys.
In this episode, Mike Marino and I discuss what we learned at city council meetings in Key West, FL, Ft Collins, CO, and Tarpon Springs, Fl. This one you won't want to miss!
The post 356 – What We Learned at City Council Meetings first appeared on Cashflow Guys.
In this episode, I discuss ways to deal with the damage of natural disasters without being consumed by it.
The post 355 – Dealing With Damage first appeared on Cashflow Guys.
In this episode, I debunk the myth that you MUST own a house to have wealth.
The post 353 – House Rich Asset Poor first appeared on Cashflow Guys.
In this episode, I discuss how to discover hidden opportunities in your local market that can create a win/win opportunity for you and those who need clean, safe, affordable housing.
The post 352 Ethical Profits From Crisis first appeared on Cashflow Guys.
In this episode, I discuss common solar scams and how to avoid them.
The post 351 – Beware of Solar Scams first appeared on Cashflow Guys.
In this episode, I discuss how rent control can help many future landlords provided they are in the right mindset to prosper from bad news.
The post 350 – How To Profit Despite Rent Control first appeared on Cashflow Guys.
In this episode I discuss a recent situation where a homebuyer lost a great deal because they tried to get greedy by retrading during inspections.
The post 349 – How To Lose a Great Deal first appeared on Cashflow Guys.
In this episode, I discuss tips on how to select a great market to focus your investing energy on.
The post 348 – Learning Your Market first appeared on Cashflow Guys.
In this episode, I cover the current market conditions and talk about a seller's market versus a buyer's market.
The post 347 – Are We STILL in a Seller’s Market? first appeared on Cashflow Guys.
In this episode I cover how you can fail for sure when buying real estate.
The post 346 – How To Fail For Sure first appeared on Cashflow Guys.
In this episode, I discuss the thrill of the hunt and how it can wear on you. We also discuss tips on how to survive in this cutthroat marketplace.
The post 345 – The Thrill of The Hunt first appeared on Cashflow Guys.
In this episode, I discuss a common phenomenon experienced by investors of all experience levels…I call it “Obligation Buying”
The post 344 – How To Overcome Obligation Buying first appeared on Cashflow Guys.
In this episode, I cover an often overlooked topic involving the need to stress test ANY deal you consider investing in.
The post 343 – Stress Test For Success first appeared on Cashflow Guys.
There's no doubt this is one of the most popular questions being searched online these days. In this episode, I dive into the fine points of what you should be considered in regard to your investment portfolio.
The post 342 – Is The Market Going To Crash? first appeared on Cashflow Guys.
WOW this episode is loaded with value. I don't know where to begin, so know this…bring a pad and something to write with because you will want to be taking notes. Richard Roop has been creatively buying and selling real estate since 1996. Over the past few decades has become known as “THE Marketing Consultant for Real Estate Entrepreneurs.” He's one of the top “direct response” marketing gurus dedicated to helping real estate investors generate more leads, negotiate better deals, and… create more consistent, predictable cash each and every month. Richard has bought over 500 homes since 1996 as a creative real estate investor. Richard specializes in sharing proven, low-cost real estate direct marketing strategies for attracting a steady flow of motivated sellers, as well as real estate business marketing systems for getting investment properties occupied fast. Richard knocks this episode out of the park with value and packs it full of gold nuggets that will bring massive value to anyone who invests the time to listen. If amazing content isn't enough, he put together a free giveaway package consisting of some of his rock-solid training on direct mail and real estate marketing which can be found at http://Roopodia.com/7keys
The post 341 – How To Get Sellers To Contact YOU With Richard Roop first appeared on Cashflow Guys.
In this episode I debunk the myth that it's a good idea to do deals with negative cash flow that only focus on appreciation.
The post 340 – Just Say No To Negative Cash Flow first appeared on Cashflow Guys.
In this episode, I break down a deal to show you how to apply multiple lease strategies to one property in order to find the most practical and profitable solution to fit the property best. In this case, simply put up a small down payment and change who you rent to in order to garner huge profits over time. If you'd like to download a copy of this cashflow analysis please visit 709Paris.com
The post 339 – Paris Avenue Profits first appeared on Cashflow Guys.
That's right…it's not rocket science…in this episode, I break it down so you can take action tomorrow.
The post 338 – Multiple Streams = Unlimited Wealth first appeared on Cashflow Guys.
In this episode, I discuss the things to think about when you are deciding whether to hold or sell your assets. As hot as markets have become, now is the time to sell for many but for some, perhaps it makes sense to wait it out. In this episode, I discuss the things to think about when you are deciding whether to hold or sell your assets. As hot as markets have become, now is the time to sell for many but for some, perhaps it makes sense to wait it out.
The post 337 – Hold or Sell? first appeared on Cashflow Guys.
It's no surprise that times are changing fast and people are on the move…the question is where? In this episode, we discuss how to find and use data sources to become an “insider” on emerging markets.
The post 336 – Data Driven Decisions first appeared on Cashflow Guys.
Likely not, instead the investor I mention in this episode only chose to take part of Brandon Turner's advice when considering the “1%” rule. Listen in to hear what he missed.
The post 335 – Was Bigger Pockets Wrong? first appeared on Cashflow Guys.
In this episode, I discuss yet another loan scam that you need to learn about.
The post 334 – A Loan Scam You Need To Hear About first appeared on Cashflow Guys.
In this episode, we are going to crack the seal on the short-term rental business from the day one starting point until the point you can escape the chains of the rat race. Lauren packs this episode with solid gold nuggets that will help all investors, not just those interested in AirBnb-type short-term rentals.
The post 333 – Adulting Is Easy with Lauren Aumond first appeared on Cashflow Guys.
In this episode, we are going to crack the seal on the short-term rental business from the day one starting point until the point you can escape the chains of the rat race. Lauren packs this episode with solid gold nuggets that will help all investors, not just those interested in Airbnb-type short-term rentals.
The post 333 – Adulting Is Easy with Lauren Aumond first appeared on Cashflow Guys.
In this episode, Ramsey blows the lid off the episode with value-packed ideas on how to buy back your time while investing and keeping a full-time job at the same time. As a husband, father of two, and full-time sailor serving in the US Navy, Ramsey has still managed to build a powerhouse investing brand and close on millions of dollars of real estate including multi-family, hotels, RV parks and more! I filled several pages on my legal pad during this interview as I feverishly took knows as he delivered legendary value.
The post 332 – Buying Back Time with Ramsey Kyle Blankenship first appeared on Cashflow Guys.
In this episode, I discuss the great distractions and how that info can be used.
The post 331 – The Great Distractions first appeared on Cashflow Guys.
In this episode, I interview Florida Keys Real Estate Investor / Agent Rob Bond about how to buy a house in paradise for half price. You'll find solid gold nuggets of info in this episode, tune in now to get the scoop.
The post 330 – Half Price Houses with Rob Bond first appeared on Cashflow Guys.
In this episode, Mike Marino and I discuss several tips you can use to get through inspection on the properties you are buying.
The post 329 – Tips On Working Through Inspections first appeared on Cashflow Guys.
In this episode I discuss where to find your local Airbnb laws and how to understand them while making them work for your business.
The post 328 – Where To Find AirBnb Laws first appeared on Cashflow Guys.
In this episode I discuss the recent Fed rate hikes, will you prosper or panic?
The post 327 – Fed Rate Hikes – Panic or Prosper? first appeared on Cashflow Guys.
In this episode, I discuss my latest deal down in Key West, Florida. Have You Ever Considered Investing in Paradise? Visit KeyWestCashflow.com/SeaPort to learn more.
The post 326 – How To Invest In Paradise first appeared on Cashflow Guys.
In this episode I discuss the profitability that can come from routine publishing of content online and in print.
The post 325 Publicity To Profits first appeared on Cashflow Guys.
In this episode, I discuss an interesting scenario…What if it worked?
The post 324 – What If It Worked? first appeared on Cashflow Guys.
In this episode, I interview Realtor Joshua Lezcano about a recent deal he did using seller financing. This isn't your average -ordinary real estate deal…
The post 323 – Sold by Seller Financing with Joshua Lazcano first appeared on Cashflow Guys.
In this episode I introduce a new way to communicate directly with my partner Mike Marino and I. Be sure to listen in to learn how!
The post 322 – Let’s Chat, Shall We? first appeared on Cashflow Guys.
What's better than profit? Tune in this week to find out!
The post 320 – Better Than Profits first appeared on Cashflow Guys.
In this episode, we discuss the likelihood of a shift in financial markets and how to avoid making a potentially bad situation worse.
The post 319 – 3 Things To Avoid Doing If Markets Crash first appeared on Cashflow Guys.
In this episode, we're going to talk about consequences versus possibilities…
The post first appeared on Cashflow Guys.
This week's announcement has been a long time coming but this week…Its TIME
The post 317 – Its TIME… first appeared on Cashflow Guys.
In this episode, we talk about the benefit of eliminating techno-babble from your vocabulary so that you can be fully understood 100% of the time. I cover an email that I received recently that was written so terribly that I decided to respond to the author in an attempt for clarity.
The post 316 – How Techno-Babble Hurts You first appeared on Cashflow Guys.
In this episode, I discuss 7 things that will waste your time and your money in 2022. This can be a banner year for you…one for the books! The real question is, will you make it your best year ever? Dive into this episode to learn how to avoid these traps to be sure your 2022 is the best ever!
The post 315 – 7 Things That Will Cause You To Lose Time & Money in 2022 first appeared on Cashflow Guys.
In this episode, I discuss the Top 10 Expensive Mistakes made when getting into vacation rentals. If you don't make these mistakes, you'll have a great chance of doing well as a short-term rental operator. If you repeat one or more of these mistakes, it can wipe you right out of the industry. Listen in to learn more.
The post 314 – Top 10 Mistakes Made When Investing in Short Term Rentals first appeared on Cashflow Guys.
In this episode, I discuss why a seller's asking price does not matter in your day-to-day investing activities. Focusing on the asking price often leads to offers calls not being made, properties not being visited and offers never written.
Once you get on board with the fact that all properties are “overpriced” you can move past this objection and focus on learning why the seller is selling, what the pain points are of the seller and what they plan to do with the proceeds of the sale.
Be focused on learning how much income it currently generates and what the potential is for an increase of income.
The post 313 – Why Price Does Not Matter first appeared on Cashflow Guys.
Yep! I left the United States! Want to hear about what I learned? You should listen to this week's episode to find out.
The post 312 – What I Learned by Leaving The United States first appeared on Cashflow Guys.
When positioning property for sale there are several factors to consider in regard to getting top dollar. Many homeowners feel that they need to spend money to complete improvements for the next owner of the home whom they have yet to meet.
First, how could you possibly be able to accurately pick what the future buyer would want? How do you know they want terra cotta accent walls? What if they don’t like that shade of blue? These are questions you should be asking yourself before you do any improvements to a property in preparation for sale.
Keep colors neutral so you can appeal to the largest number of buyers.
Cleaning and decluttering often bring more ROI than repairs do. In over 20 years of selling real estate, I’ve come to the realization that 90% of buyers will complain about the improvements you choose to make.
If you are selling your current home, or perhaps one you inherited, consider first cleaning and decluttering. Have an estate sale or garage sale and get rid of all the extra stuff.
If you are a home flipper, find a new construction model home in your market and go walk the models.
Notice the colors they choose and the amenities they provide, those choices come from market research. Homebuilders put lots of effort into maximizing efficiency on new builds, and frankly, doing what they do can save you a fortune.
I know home flippers that follow the other flippers they see in the market in regard to finishings and such without ever visiting a new construction model. What happens is a classic case of the blind leading the blind. One flipper makes a bad design choice and is quickly copied by the next ten flippers behind him. The end result is a bunch of crappy renovations that nobody wants.
I recently had a home seller ask me if they should do any improvements to their home before selling. It was a really cool historic home located in a great neighborhood that was in full swing in regard to gentrification. Several homes in the neighborhood have been renovated making the neighborhood a crown jewel of the area.
The seller’s home did show some deferred maintenance but had curb appeal and was in an ideal location. This home would be a great renovation project for an incoming homeowner in a neighborhood that boasted pride of ownership. Because of the type of home, it was and the location, it would bring top dollar in its current condition with no money invested in improvements.
I explained to the seller that I could bring them a buyer willing to pay between $550K to $575k for their home as is, no repairs or upgrades, just move out and clean.. Instead, they chose to list it with “the neighborhood agent” for $515,000 in August. They said the other agent had sold 50+ homes in the neighborhood which is what made them choose the local lady. They went on to say that the agent said they will need to replace the roof, A/C, refinish floors, paint, on and on which wound up costing them around $30k give or take to complete.
The price dropped $16,000 twenty days after listing, then another $20,000 a week later, then $10,000 two weeks after that, two more weeks dropped the price another $10,000 and it finally went under contract on 10/15 with a list price of $459,000. It’s still not closed so only time will tell what it sold for (assuming the agent can get the deal closed).
In this case, the seller lost out on $146,000 or more ($30,000 of which was in improvements). All due to bad advice and an ineffective marketing strategy.
To get top dollar for any property, the whole world needs to know it’s for sale. You don’t have to try to trick anyone by putting lipstick on a pig, instead, invest that money in your marketing.
Run paid ads on Facebook, Instagram, Youtube, Twitter, Wall Street Journal (for higher-end houses), and so on. Make the house viral on social media. Doing so can often bring you more money than ever thought possible in your wildest dreams.
I have so many true stories of how I have used purely marketing strategy to give my sellers heart palpitations when the offers start to roll in. This happens because everyone with eyes and ears knows the property is for sale.
I truly believe there is a buyer for every house. In almost every instance, the reason a property isn’t selling isn’t a price problem, its a marketing problem. The buying public does not perceive the true value of the home because you simply have not found the right buyer. Without guerilla marketing finding the highest paying buyer will never happen.
Folks, it’s no rocket science to sell your next property at a price so high it sets the market, you just need to hire the right team to help you get it there. That team can be a Realtor or Wholesaler who is a marketing expert or a marketing expert that will bring cash-wielding buyers to your front door. Either way, unless you can get people to the front door in droves (without using price as a motivator) you’ll never see top dollar and have to live with leaving money on the table.
The post 311 – Getting Max Value All The Time first appeared on Cashflow Guys.