Special Housing

I know I am a day late posting this. I have been playing with the idea of special housing. Now special housing refers to housimg for an organization like the handicap, corporate housing, or the one I will be trying student housing.

Student housing can be rough with the damages that are involved. The income is great. I have a 4 bedroom 2 bath house that would normally rent 750-800 genertaing 9600 a year. Now with students my house will sit empty 2-4 months yet i will get 16000 a year.

I guess I am saying find the best use for your dwelling. Oh yea....the damage part. That usually accurs to sheetrock and an old timer told me to put luan behind it, and he was right. Visit www.ryanlreed.com

Talking to a fellow investor that has over 150 units locally. He has been the real estate game for 10 years or more. I showed him a way to increase cash flow on single family homes.

We have heard of lease to own. Everyone has also heard of land contract or owner financing. Lets first discuss the land contracts and owner financing. In some cases these will not work because if, like me, have equity mortgages on these properties you can ruin your business. If you put one of these on your mortgaged property then the bank has the right to call the loan and ask for the pay off of the loan.

So now you are thinking what if you own it free and clear. This is great however check your local banking laws. Here in the great state of New York if you do more that 5 owner finance deals a year you may need a banking license. THIS IS VERY EXPENSIVE!!!

Now the lease with the option to buy. We bought a single family and had the sold sign out front for at least three weeks. We then replaced the sign with a RENT TO OWN sign and have averaged 3 calls a day for 2+ weeks. This may not be a lot in some cities, however my city only has 16k people. The rent to own is great because we get more money down, that we don't give back, market rent or a little higher, and better quality tenant.

For more information visit http://www.ryanlreed.com

Cash Flow Defenition

What exactly is cash flow? In the business world, it is defined as the degree of a company's financial health or well being. It could be defined as the income in the form of cash minus expense in the form of cash, during a specific duration or period of time. In other words, cash flow could be termed as total earnings made by the company after paying for the overheads, and taking into account the depreciation and amortization, etc. In short, cash flow is the ultimate rotational money available or generated for the company and the money that is in turn utilized for running the business, and also used for other investments and expansion. "THE MONEY THAT GOES INTO YOUR POCKET !!!!" To find about how to generate cah flow in real estate the visit http://www.ryanlreed.com