June 1985 Over the past 6 issues or so we've been taking hard looks at ways to increase cash flows and to capture profits in our investment houses. Cash flow comes from rents and/or paper. To the extent that we can learn to manage income property, we can increase income from rents. And as we gain skill in negotiating for and discounting 'paper', we can garner more cash flow and higher yields. With profit, we combine negotiating skill with our knowledge of 'paper' and income property management so that we are able to buy at a profit. Then we use marketing skills to convert real estate into profitable cash flows or cash. These are all tactical approaches to the subject of income and gain. If we expect to prosper over the long term, we have to be concerned with financial strategy.
Continue reading “Tactics Win The Battles, Strategy Wins The War . . . And The Peace”