Monthly Archives: June 2009

Hermanism #11: If the ball lands in the rough, hit it from the rough.

“When the ball is in the rough, you have to change your thinking on the next shot. You have to recognize that the grass is higher here than on the fairway; that a tree limb is smack dab in your … Continue reading

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Cashflow

I know I bring this up a lot, but I just want to reiterate something. Cash flow is all that matters when looking at an income stream whether it is buying a operating business or a piece of real estate. It is … Continue reading

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What you need to borrow money?

I have been talking to a lot of bankers lately and to borrow money you basically have to not need it. The Banks have really gotten tight you can no longer just rely on the bank you have always used. … Continue reading

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Who in their right mind would want to own their own house??

I just got back from the lake house.  The house is 7 years old now and it is reaching the age where everything breaks.  The sprinkler system in the yard took a huge beating over the winter and there the … Continue reading

Posted in Business, Education, Family, Lake Homes for Sale Nebraska, Lake Homes for Sale Omaha, Property Management Omaha, Real Estate Consulting Omaha, Real Estate Expert Omaha, Real Estate Investing Omaha, Real Estate Omaha, Vacation Homes for Sale Nebraska, Vacation Homes for Sale Omaha | 2 Comments

I would rather rent than own

Thank goodness for Lisa, she is so great about doing the yard work. I have lived in my house for almost 10 years and I have only mowed the yard twice.  She only asks for my help when she just … Continue reading

Posted in Education, Family, Nebraska Real Estate, Omaha Economy, Real Estate Consulting Omaha, Real Estate Expert Omaha, Real Estate Investing Omaha, Rental properties | Leave a comment

Now it is getting interesting

It has been confirmed banks are basically locked down unless your deal meets the following criteria: 30% equity off of appraisals or what you paid which ever is lower Your historical NOI is in excess of 1.25 of your mortgage … Continue reading

Posted in Business, Certified Property Manager Omaha, Education, Financing, Market conditions, Omaha Economy, Property Management Omaha, Real Estate, Real Estate Expert Omaha, Real Estate Investing Omaha, Rental properties | Leave a comment