Land as a Cash Flowing Asset » REI In Your Car » 1376
On a recent coaching call with one of my apprentices, we looked at some deals. One of his deals is in North Carolina and he sent a blind offer to the seller. His offer wound up being a bit too high to make good money on it, so we walked through things together. The beauty of using owner financing is that you can accept a lower cash offer and turn the remaining balance due into monthly payments. Charge some interest and you’ve got yourself some decent cash flow and profit coming in.Here, I walk through the scenario with my apprentice and show you the exact steps to take to start turning your land deals into cash-flowing assets. The power of cash flow by assets is that you start thinking like a rich person, not like a broke person. When you generate serious cash flow, you can achieve financial freedom. This isn’t a scam or a get-rich-quick scheme. It’s real estate investing 101!What’s Inside:—How to turn land deals into cash-flowing assets—The power of owner financing—Why producing cash flow allows you to think like the rich do