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Cash Flow Mercenary TV: Danger Will Robinson – MSHDA is Pulling Back Vouchers

Dennis Fassett — Thu, 18 Nov 2010 01:43:05 +0000

This is a significant development in the rental market, especially if you rely on Section 8 tenants. I’m glad I have moved away from them over the last year.

Cash Flow Mercenary TV: Shorts, Pick Axes, Social Media, and Getting it Done

Dennis Fassett — Thu, 18 Nov 2010 01:40:24 +0000

When I moved back to Michigan in 1998 after living in California for 12 years, I made up my mind that I would psychologically will myself to wear shorts into December. Well guess what? It wasn’t a psychological issue – it was a physical one. And I find that the same goes with work. I can appreciate all the happy head social media experts posting their feel good quotes and smiley faces all over facebook, but sometimes it’s not about psyching yourself up or being happy. Sometimes it’s about getting a pick axe and just getting the job done.

Cash Flow Mercenary TV: Temporary Tough Times

Dennis Fassett — Thu, 18 Nov 2010 01:38:34 +0000

This has been the most challenging 90 day period since I started up my real estate business six and a half years ago. And to top it off some significant personal issues arose as well. But they’re in the past, and now it’s time to close out 2010 strong and set the foundation for 2011.

Cash Flow Mercenary TV: Perspective Matters with Pricing

Dennis Fassett — Tue, 16 Nov 2010 03:35:37 +0000

This is another one of those “Captain Obvious” reports. After the Apartment Bus Tour last month a couple of offers came in on buildings we looked at that made me realize how important perspective and experience are with respect to pricing offers. And how they are not often easily transferable between different types of real estate investing.

Cash Flow Mercenary TV: You Can't Teach a Kid to Ride

Dennis Fassett — Tue, 16 Nov 2010 03:34:00 +0000

I’ve been studying sales processes lately, and I picked up a really interesting book on the topic this week. It’s called “You Can’t Teach a Kid to Ride a Bike at a Seminar”. I was surprised how relevant the title was to real estate investors.

Cash Flow Mercenary TV: The Mutual Fund Farce

Dennis Fassett — Tue, 16 Nov 2010 03:32:28 +0000

Entirely by accident I listened to a few minutes of the mutual fund sales puke show on one of our local radio stations. Talk about selective perception. This clown takes the cake. When the market is up – it’s a RALLY AND BUY EVERYTHING YOU CAN GET YOUR HANDS ON. And guess what? When the market is down, IT”S AN OPPORTUNITY TO BUY BECAUSE EVERYTHING IS CHEAP!!!

Cash Flow Mercenary TV: Golfing & Mid Year Review

Dennis Fassett — Tue, 16 Nov 2010 03:30:58 +0000

I shot this on the way to play golf this morning. I’m curious – what has come up in the first half of the year in your business that was unexpected, and that changed your focus at least somewhat for the rest of the year?

Cash Flow Mercenary TV: Brian Pilarski on the Bus Tour

Dennis Fassett — Tue, 16 Nov 2010 03:29:26 +0000

Brian is another one of the experts that I rely on in my business. His focus is commercial property insurance. And that’s REALLY his focus – he’s not the guy that writes the homeowner’s policy on your personal residence and then says “sure, I can give you a quote on that apartment building”.

Here we were talking about safety issues like security cameras, smoke detectors, and sprinkler systems. You’ll see why it pays to bring your insurance agent into your Apartment purchase decision process early.

Cash Flow Mercenary TV: John McAuliffe on the Bus Tour

Dennis Fassett — Tue, 16 Nov 2010 03:27:51 +0000

I consider the people I use in my business to be a source of competitive advantage for me. John McAuliffe of Quality Home Inspection is one of those people.

One of the properties on the June Apartment Bus Tour has some nasty looking brick issues on the back wall that could lead a buyer to think there is structural damage. Take a look at John’s assessment.

Cash Flow Mercenary TV: Serious Investors Look Serious

Dennis Fassett — Tue, 16 Nov 2010 03:25:35 +0000

I looked through the pictures from the Apartment Bus Tour and saw a lot of intent looks from the attendees. That’s what I was expecting, because investing in apartment buildings, while a lot of fun, is serious business.