• Money will fly away w/o positive cash flow!

    What Happens Without Positive Cash Flow?

    Monday, May 13, 2013

    Positive cash flow is king.  If a property does not produce positive cash flow, then don’t even think about it.  Without positive cash flow, you are doomed to failure.  Eventually, the bills and the expenses will mount up and you will be writing a check every month just to keep the property afloat.  A lot of people cannot do that.  They have or will run out of money. What happens then? Repairs stop being made.  At first it is little things.  Apartments are not repainted. …

  • The Key to the Deal

    The Key to the Deal is Motivation

    Monday, May 6, 2013

    There are generally two types of investment properties out there on the market to buyers like me.  These are: Investment properties that are owned by other investors. Investment properties that are owned by banks. I have bought from both of these owners over the course of my investing career.  Both present their own unique circumstances.  But no matter who the owner is, they have to be motivated.  Without motivation, there is generally no deal to be made. Investor owned properties that are on the market…

  • Five

    5 Traits of an Effective Landlord

    Wednesday, April 17, 2013

    What makes an effective landlord?  Here are my top five traits. Effective Landlords are Sagacious.  Yeah I know, sagacious is a rarely used word but I think it really works here.   It means that effective landlords have a keen mental discernment and good judgment.  In other words, we have good BS detectors. This trait is important because being a landlord means that you have to shift through a lot of BS to get things done or get to the truth.  Being sagacious means we can…

  • Real Estate Is Down

    Update – Property Reappraisal Challenges

    Sunday, April 7, 2013

    This is an update to my previous post, I Thought Real Estate Was In the Dumps.  It is a property reappraisal year where I live and despite the down real estate market the county property assessor seems to think we are in the boom times.  Follow along with me as I go through the process of challenging these appraisals. I have received more property reappraisal notices over the past week.  So far I am looking at an even greater supposed substantial increase in property value…

  • The Recent Real Estate Market

    I Thought Real Estate Was In the Dumps?

    Sunday, March 31, 2013

    I thought real estate was in the dumps.  After all, all we have heard for the last few years is about foreclosures, underwater mortgages, short sales, falling prices, declining values and so on.  I guess my local property assessor has been listening to some other news source. Let me start at the beginning.  Every four years in Tennessee each county property assessor is required to reappraise all properties within their jurisdiction and adjust them to the “fair market value.”  2013 is a reappraisal year here…

  • The Keys

    A Key (Box) For Saving Time and Aggravation

    Wednesday, March 20, 2013

    Ever notice that tenants will lock themselves out at the worst possible times?  Mine have called while I’m on vacation or out of town even once during an anniversary dinner. Repairs needing help from contractors were always fun too.  They would tell you when they would show up so you could meet them and let them in the property.  But, those contractors always took a little longer on the jobs before yours and that wait was always a little (a lot) longer than you thought….

Video Media

Top 5 Real Estate Investing Books

Give a quick listen as I talk about my top 5 Real Estate Investing books.  These 5 books really helped (and still do help) me in my real estate investing career.  Then stop by the Smarter Library and order a copy for yourself. Don’t see your favorite on the list?  Drop me a comment and let me know what your favorites are.

Why Invest in Real Estate

Podcast – Why Invest in Real Estate

Check out my latest podcast where I along with Jo Garner and Richard Scarbrough discuss why you should invest in real estate.  Originally aired on AM 600 WREC on 12/3/2011.

Featured Posts

The Key to the Deal

The Key to the Deal is Motivation

There are generally two types of investment properties out there on the market to buyers like me.  These are: Investment properties that are owned by other investors. Investment properties that are owned by banks. I have bought from both of these owners over the course of my investing career.  Both present their own unique circumstances.  But no matter who the owner is, they have to be motivated.  Without motivation, there is generally no deal to be made. Investor owned properties that are on the market…

Five

5 Traits of an Effective Landlord

What makes an effective landlord?  Here are my top five traits. Effective Landlords are Sagacious.  Yeah I know, sagacious is a rarely used word but I think it really works here.   It means that effective landlords have a keen mental discernment and good judgment.  In other words, we have good BS detectors. This trait is important because being a landlord means that you have to shift through a lot of BS to get things done or get to the truth.  Being sagacious means we can…

Real Estate Is Down

Update – Property Reappraisal Challenges

This is an update to my previous post, I Thought Real Estate Was In the Dumps.  It is a property reappraisal year where I live and despite the down real estate market the county property assessor seems to think we are in the boom times.  Follow along with me as I go through the process of challenging these appraisals. I have received more property reappraisal notices over the past week.  So far I am looking at an even greater supposed substantial increase in property value…

The Recent Real Estate Market

I Thought Real Estate Was In the Dumps?

I thought real estate was in the dumps.  After all, all we have heard for the last few years is about foreclosures, underwater mortgages, short sales, falling prices, declining values and so on.  I guess my local property assessor has been listening to some other news source. Let me start at the beginning.  Every four years in Tennessee each county property assessor is required to reappraise all properties within their jurisdiction and adjust them to the “fair market value.”  2013 is a reappraisal year here…

keys

Cash for Keys

Tenant screening is one of the most important things that a landlord can do.  You want to make sure that you selected people to live in your properties that can pay, will pay, will pay on time and will not tear up the place and cause trouble.  However, no matter how well you screen your tenants, every once in a while you will have a tenant that cannot pay. Perhaps the tenant lost their job, or had some other unfortunate circumstance happen.  Whatever the reason,…

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