Another master lease signed this afternoon: A lesson in solving others’ problems – IN FLIP FLOPS - + My Mistake

[J. Martin]

In the last 24 hours, I took a headache off a busy man’s (dad’s) hands, am hooking up an international student with a baby w/ new furniture, baby stuff, and a place to live, and borrowed 5yr funds supported by the cash flow from this deal to back-fill the equity I put into my last 50/50 fix/hold purchase, ALL WHILE WEARING FLIP FLOPS ;) , and most of the work will be done as I’m on a train to visit family in San Luis Obispo for Tday! ;) Thank you Real Estate! And I made a big mistake! See below..

Yesterday: Got a call from a too-busy landlord who wanted a reasonable price for their property (actually his dad’s property). I told him to call me if he's ever too busy and just wants a flat monthly rent whether or not the unit is vacant.. He runs his own retail jewelry/gold business, 6 children, even more commercial & residential units, and doesn’t have any time! I am renting out several units on a long-term basis from him already, and always pay early, with a smile, and buy precious metals from his shop when I visit to pay rent. Why him? Because I saw an opportunity for us to solve each other’s problems. Also, as @Aaron Mazzrillo 's mindset about controlling RE. I didn't understand before. But now I do (more)! Looking forward to doing the podcast now that I have a little more time after the Summit..

[Aaron Mazzrillo]

When you go to sign the lease, you should always try to nibble for the option down the road.

Great story. Too bad you can't find cash flow in the Bay area. Just like SoCal, it doesn't exist. I know you're really buying all these houses in Kansas. ;)