Current Post
Pay MORE. Buy BETTER. Buy FEWER.
I just got into it AGAIN on my facebook page (shameless plug: facebook.com/CashFlowMercenary) with someone else pitching cheap-ass properties in bad areas with Section 8 tenants as the Holy Grail for buy and hold investors. He came on my page with an unsolicited pitch for his properties, and then really got his panties in a [...]
Real Estate Private Money
“Personal Guarantees are STUPID!”
Wow. I just received another screeching email from a self-proclaimed guru bragging about how he just did another risky deal with private money from a new private lender in a crap-hole neighborhood that he would never buy in with his own money, and that he didn’t even have to offer a personal guarantee because the [...]
Apartment Quest
Multi-Family Economic Forecasts: Smoking Crack or Inside Track?
The real estate investment services firm Marcus and Millichap came out with an interesting statement last week. The headline that their chief forecaster, Hessam Nadji, used was “Recovery Threatened, But This Is Not 2008”. And he finished his overall summary by writing “The downgrade of the U.S. government’s credit rating by S&P has sent global [...]
Turn Key Rental Houses
Step 6 To Buying Turnkey Rentals in Metro Detroit:
Protect Yourself
There are three factors that you should be aware of when you look to buy rental houses here in the suburbs. Knowing these, and acting on them, will substantially reduce your risk as a rental house owner. The three factors are: 1. Never own a property in your name While I’m not an attorney, I [...]
Mercenary Thoughts
“Embrace Failure” Is Psycho-babble Bulls**t
“Embrace Failure” That was the subject line of an email that I received yesterday. Seriously. I don’t think I’ve heard anything more stupid in my entire life. Embrace failure. Really? It’s like all the people that never got picked for kickball in the third grade are either running the show or in positions of influence. [...]
