In 2007 I purchased a house in Dallas subject-to the mortgage for $69,000. It was worth $100,000 and rented for $960. The underlying loan payment was $586 PITI. My cash flow was about $300 a month. By 2012, it was worth $125,000 and rented for $1200 with a loan payment of $620. I used proceeds … Continue reading "Diary of a Rental Property"
Cash flow can provide financial security and financial freedom. Cash flow can support you if you lose your job or just want to take an extended vacation. When you get enough cash flow coming in every month, you can quit your job! Monthly cash flow from rental properties can increase your retirement income so you … Continue reading "How to Get Cash Flow From Rentals"
What’s the difference between risk-free real estate investing and regular real estate investing? The answer lies in how much money you could potentially lose if you don’t know what you are doing. It is easier to explain the difference with some examples: Let’s say a motivated seller contacts you with a $100,000 house and they … Continue reading "Risky Versus Risk-Free Real Estate Investing"
One of the fastest and easiest ways to get started with making money in real estate is to find below market deals, get a contract on it, then sell your contract to a rehabber. This is called a wholesaling. The amazing thing about wholesaling, is that you can make a substantial profit without ever buying … Continue reading "Getting Paid to Find Deals"
Master leasing has helped many CashFlowDepot members go from $0 cash flow to $10,000 or more in cash flow quickly. With Master Leasing, you don’t need to save up for a down payment or buy houses and you don’t need to qualify for a loan. Instead, you simply lease a house from an owner with … Continue reading "Master Leases With or Without an Option"
We spoke with John Schaub today to get his take on where he sees the market headed in 2017 and what real estate investors should do to stay ahead. John is a real estate investor with 35 years of experience and is also the author of “Buying Wealth One House at a Time” which is … Continue reading "John Schaub’s Predictions & Advice for Real Estate Investing in 2017"
We had our annual State of the Union conference call last night and were joined by veteran real estate investors Dyches Boddiford, David Tilney, and Owen Irvine. Each of these investors have many years of experience in a variety of economic and political climates. Each person on the call was asked to share their predictions and … Continue reading "Predictions and advice for real estate investing in 2017 (FREE Replay!)"
This is a great article written by the late Lonnie Scruggs – also known as the God Father of Mobile Homes. Lonnie created the “Lonnie Deal” system of buying cheap older mobile homes then selling them with seller financing so you can get cash flow. Learn more…. Fred was like most investors and entrepreneurs and … Continue reading "Old Mobile Homes or Money In Disguise"
It’s time to start planning on ways to cope with the challenges of tomorrow. Start with your own goals. Set a time frame and financial framework within which you intend to implement action to achieve them. Understand the rules. Learn what to do and what not to do. Like the cop said to the man … Continue reading "Where Are You Going? When and How?"
Wholesaling is a great way to get started in a real estate business. Wholesaling is also a great way to make money fast. With wholesaling, you don’t need much cash to get started, you don’t need to buy houses or get loans, you don’t need to do any repairs yet you usually get paid a … Continue reading "Code Violations Are Wholesaling Opportunities"