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 benefits of inflation that you may not have considered.
The post 354 Inflation Benefits For Investors 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.