Cash Flow Guys | Real Estate Investing & Cashflow Ideas - Inspired by Robert Kiyosaki / Rich Dad Poor Dad

Asking price does not matter For Sale By Owner Properties are overpriced Properties sold by wholesalers are overpriced Bank Foreclosures are overpriced Listed Properties are overpriced ALL off-market properties are overpriced and actually “on market” so stop saying off-market people All contractor bids are too high All Real Estate Commissions are too expensive All Lawyers are too pricey All closin...

This episode was born from a listener question in regard to what sort of questions should you ask when speaking with a seller.  For me, this was a struggle in the beginning because I didn’t have any points of reference to keep me on track.   Many years in sales taught me to avoid scripts if at all possible so I could better craft the meeting into a more conversational style.  I did not want to ris...

This topic for me began with a video I watched on YouTube Last night put out by a Youtuber who goes by “Meet Kevin”. In case you’d like to watch the video on YouTube, here’s the Link: https://youtu.be/iepZC3HdS8E The video was about the coming proposed changes to the CFPB’s policies as they relate to mortgage forbearance.  The CFPB (Consumer Finance Protection Board) is concerned that in the comin...

It’s really simple...People can’t buy what they cannot find. Every minute of everyday people incorrectly spell things when listing items for sale. Find those items and you will find motivated sellers. This could be on eBay, Amazon, Facebook Marketplace, Craigslist, Offer Up or other online sales sites. Here are some examples of things I have bought at a huge discount because the ads were misspelle...

Post credit to Alissa Walker and Wade Sutherlin, the lucky husband of Amanda Young who was my guest on episodes 172 and 173 A CONVERSATION ABOUT PERCEIVED VALUE: A customer asked a contractor friend of mine how much it would cost to do this project.  My friend gave him a proposal: $4500 The customer responded: That seems really high.  My friend asked: What do you think is a reasonable price for th...

The truly successful real estate investors and Realtors are the ones who are most skilled at solving problems.   Less successful people focus only on the deal or the potential profits. In this episode, I discuss the five most common examples of Real Estate Malpractice and how to avoid them. If you are able to avoid these pitfalls and learn why they are pitfalls, you will virtually eliminate any co...

In this episode, we discuss where to get started.  In this case, I am replying to one of our listeners who is just getting started in real estate.  He has done a great job so far getting himself lined up well to earn a profit now we will dive in and help guide him through the process.  I’ll be brief in the notes this week since I think you’ll get lots of value by simply listening to the episode. ...

Once you make a decision to put yourself out there by marketing yourself to sellers, the next part (and often the most challenging) is knowing which leads to focus the most time and energy on. When I first started marketing, I quickly learned that leads of any kind don’t come for free, so I had to be careful to be sure I did not waste them.  By wasting a lead, I mean underestimating the value of a...

Recently I listed a property for a client in the Tampa, FL Market.  Yes, I am still living in the Florida Keys, however, I have a real estate team in the Tampa, FL, and Key West Markets now. I often find it shocking how easy it is for Realtors to kill deals for their clients and for themselves.  I thought I’d bring value this week by educating you on the most popular way Realtors are blowing it th...

According to Hud’s Housing Market Indicators Monthly Update for January 2021,   40.3% of Mortgages in America are reporting as delinquent as compared to 28.1% at the same time last year (Comparing January 2020 to January 2021. 2,056,000 mortgages are considered seriously delinquent (which means over 90 days past due) Only 5% are in forbearance That means that there is a title wave of defaulted ass...

Today we will uncover the most often overlooked critical detail when it comes to closing on your next deal.   Skipping this one detail could cost you thousands of dollars and possibly result in you losing ownership of the property you intend to buy. I am talking about the details found in your title insurance commitment, precisely the info found in section B 2 of the commitment where exceptions to...

1031 is a tax savings tool that many Americans take advantage of every year.  A benefit to some, a nightmare for others.  Allow me to explain Before we get started…. I’m NOT a CPA or Tax Professional; the info herein is my opinion...wait, why do we say that?  What has ever happened to a non-CPA giving advice?  I have no stories to tell on the topic...if you do, email info@cashflowguys.com because...

Currently, there is a Federal Eviction Ban in place until March 31st, there’s talk that will continue until September 30th and possibly beyond that date.   If you own income property as I do, such headlines certainly don’t help us sleep well at night, do they? Some of the people I have talked to recently are thinking about dumping their portfolios. Others are talking about allowing leases to expir...

Turn key rentals continue to grow in popularity amongst beginning investors due in part to the belief that they are easier to acquire, manage and control. Although there are differing opinions on what is considered turn-key, it generally means that the purchase, rehab, and management as a rental is done by a third party instead of the individual investor having to do everything. While for many it'...

Knowing the appropriate time to make an offer isn’t something that most folks think about, however it is something that needs not to be overlooked. Putting out an offer too soon can often lead to instant rejection. Putting out an offer too late may cause the seller to think you are a tire kicker. Sellers often want us to make an offer as soon as possible, why is this? The urgency to receive your o...

In this episode of the podcast, I explore the specific criteria that make for a motivated seller lead.  Too often we waste time, effort, and money marketing to unmotivated sellers who are not interested in selling to us. Instead, when compiling a list of people to market to, deep dive into the available criteria to come up with a formula that will lead you to discover motivated sellers. As you mig...

Today is January 1st, 2021.  It’s a new year that also marks the end of 2020.  This means 2020 is behind us. Nothing good comes from reflecting back on the drama of 2020. There is no need to look back on your past, instead, let’s get focused on the changes we can make moving forward to better ourselves and those around us.  If you have bad credit or low credit as some say, start paying your bills...

In this episode, we are going to cover the old question of when is a good time to buy. Aunt Suzy doesn’t know… Social Media Lies... Brokers Lie... Wholesalers Definitely Lie… So who’s opinion do you trust on when is a good time to buy? How about your own?  When the numbers make sense and allow for a reasonable profit, then buy! For Rentals: Income minus expenses equals cash flow, if the end result...

Meanwhile, while many people are spending countless hours lamenting over which catchy LLC Name, Logo style, and color they should choose for their real estate company, I have been busy building my business. How you might ask? By finding motivated sellers and marketing to those sellers right under the noses of any Realtor or Investor competition I might think I had. Here is how my day went...wakeup...

Make no mistake, it's a brave new world, new situations come with new consequences.   Understand this….Buyers / Sellers / Realtors / Wholesalers / Flippers CAN be sued related to Covid cases impacting those they do business with.   There is no catch-all set of laws covering Covid and possible litigation that can come from it, each jurisdiction will be different (so far as we know right now).  Ther...

Have you ever been told "you're not listening to me"   Have you ever felt someone you are talking to is not listening to you?   I notice this more and more every day in society, so much so that I wonder if anyone is listening.   Perhaps social media is to blame...   Maybe it's lackluster parenting skills...   None the less, not listening to other people is one of the biggest failures in communicat...

Most Americans are in credit card debt, for many, it seems impossible to ever get it paid off.   Worse yet, a large percentage are focused on “Investing” while remaining in credit card debt at the same time.     In almost every scenario the interest being charged on the debt erases any net gains from money invested.   “Just pay it off” some say…but for many it's not quite that simple, but here’s a...

In this week’s episode I will be discussing some of the major points of Joe Biden’s Tax Plan.   First off, most of the changes apply to those earning over $400k, even if you earn less than 400K you should know about these changes as they may impact your sellers and money partners.   Most of this info came from a YouTube video filmed by Ken McElroy and Ken Freeman (his CPA) which can be found at th...

Recently, America was dragged through one of the most important yet volatile elections in history.   Never before has our country been more divided. One thing that we can all be sure of is that we will certainly see lots of change over the next four years.  Some will despise the change, others will embrace it. Here’s what really matters...Your future success depends on your ability to make lemonad...

When markets are hot like they are now, many people find themselves getting outbid when trying to buy a house.  This is in part because many Americans feel that the opportunity to use lines of credit or to get loans to finance such purchases will likely go away soon or at least become more difficult to qualify for.  “Use or Lose” fear of loss feelings take over and cause some folks to buy even whe...