If you’re even a semi-regular reader of this blog, then you already know that I’m a huge fan of buying and holding properties as rentals, because it can yield and infinite ROI (See the post on NOOP). In a nutshell, NOOP demonstrated a repeatable process where you buy a property for cash (business credit, private investor, hard money, etc), rehab it as necessary, then pull all of your purchase, rehab, and holding costs out when…
Category: Cash Flow Real Estate Investing
Follow the Herd – And You Know What Happens
So – what kind of person are you? Are you one of those people that listens to the screamers and over-reacters? Or perhaps are you’re a chicken little yourself? You know the kind of person I’m talking about – they spend all of their time running up and down the street with their dress up over their head yelling “the sky is falling, the sky is fallingâ€. Or do you look at facts, even if…
Tools, Systems, and Processes
I realized the other day how much I really don’t like working on houses. Sounds odd coming from someone with a real estate business, doesn’t it? But I’m not alone. Most of the people that know in this business are the same – they really don’t like doing the work themselves. And for good reason. It’s dirty, sometimes difficult, and always takes time away from other things. Especially family. But as I was crawling around…
Want to LAUGH at the Stock Market Volatility?
Ever since the dot com bubble burst in 2000 and the catastrophic events of 9-11, as a country we have been struggling to recover the value in our retirement accounts. One article that I read indicated that the losses in value due to these two events were as high as 60%.With the overall market averaging an historical annual return of 7%, do you know how long it would take to recover that 60%. 14 years.…
Introducing – NOOP
For those of you familiar with the real estate market in the Detroit area, you know that this is a ONCE IN A LIFETIME opportunity to build a real estate portfolio. Yes, I’m sure that you’re all used to the bombast and hyperbole inherent to bogs. But I’m serious about this. Dead serious. Why? Let me ask you this – where else can you routinely find single family homes priced at forty to fifty cents…
Perspective – Part II: Kudos to Wagner, Shame on Mulally
More than 50 years ago, then-General Motors President Charles Wilson reportedly said “What’s good for General Motors is good for the country”. My how things have changed. There was a time back during the dot com bubble that even AOL had a larger market value than GM, and there was even talk of GM becoming a subsidiary of Amazon.com. My point is that the automotive manufacturers no longer have the impact on the national economy…