When we are picking up properties because of owner financing with little or no money down, we may find ourselves on a tight budget. In other words, our cashflow is usually not the greatest. What should we do if we have a big expense come up?
We cannot veiw the cashflow in our property as our own little money tree. We need to put the cashflow aside each month and let it grow. In a very short time we will have enough money to cover most problems that may arise.
If we nurture and grow correctly we can accumulate quite a little empire. If we suck it dry of cash we will regret our decisions.
Just like Mom used to teach.......take care of your things.
When we are picking up properties because of owner financing with little or no money down, we may find ourselves on a tight budget. In other words, our cashflow is usually not the greatest. What should we do if we have a big expense come up?
We cannot veiw the cashflow in our property as our own little money tree. We need to put the cashflow aside each month and let it grow. In a very short time we will have enough money to cover most problems that may arise.
If we nurture and grow correctly we can accumulate quite a little empire. If we suck it dry of cash we will regret our decisions.
Just like Mom used to teach.......take care of your things.
Roy Voeks
Official RE Coach