The Cash Flow Commando

Monday morning good for thought. Side hustles are a great way to get the ca$h to use to invest into your knowledge or skill set. Once you develop those, go all out on your plan with massive action. Side hustles can become a distraction, but are great initially!

It’s important to build a strong team. Do the hard work upfront of qualifying good people to work with, then build good relationships with them to leverage their knowledge and competency to help you in closing future deals.

When analyzing properties, your take home cash isn’t just rent - mortgage payment.

Other factors include:
Property tax
Insurance
Lawn care
Snow removal
Repairs
City business license fees
Rental registration fees
Tax on your earnings
Property management?

Be sure to understand what they are and if the deal still makes sense!