Quote from @James Hamling:
Quote from @Jordan Alexander:
Equity comes, equity goes, but the cash will always flow. - Pace Morby
Well, now we clearly know the focus of who he is looking to make $ off of, and it sure as heck isn't those with a clue.......
Unit is vacant.... "but the cash always flows"
Appliances went out.... "but the cash always flows"
Tenant's lost their jobs.... "but the cash always flows"
Roof worn out.... "but the cash always flows"
MFH in area started dropping rents..... "but the cash always flows"
Look I get it, that's a "cool" saying, it's jazzy, yeah, we can all get RICH, don't need no $, no credit, no anything just pay-up on a program and cha-ching it's "tendies" and "lambos"...... But this little thing called reality comes crashing in.
Cash-flow is the RESULT of things, NOT a thing in and of itself. Cash-flow is the #1 most volatile, CHANGING, and easiest to loose factor there is. FACT. Cash-flow is a statement of an exact moment in time, not permanence.
I appreciate the insight James. Although I'm not sure what you are trying to accomplish in this post besides being rude. I would imagine a broker who communicates to his clients this way does not get very much business...
Just so you know, Pace Morby does not have a program where he charges people to learn. A lot of his content he posts is accessible from YouTube, Instagram, and FaceBook, so I don't need to pay to hear him say comments like the one stated in the post. He also has appeared on the podcasts a couple of times and just wrote a book with BiggerPockets, so he must be doing something right!
Of course I think you should want to purchase real estate that will appreciate in value over time, but what is the #1 reason most people get into RE? It's cashflow! People are either trying to become financially free, build a good passive income nest egg, etc. Then as times goes on and you become a seasoned investor, I'm sure things like appreciation and the tax benefits tend to be more of a priority. Unless someone has a lot of money and they can weather the storm, I would hope you don't tell your clients to buy for negative cashflow. I would imagine they wouldn't be able to hold it for long...
Have a great day!
