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The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

Be Your Own Bank - Cash Management Strategies for Real Estate Investors

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7696 Ratings

🗓️ 20 June 2011

⏱️ 51 minutes

🧾️ Download transcript

Summary

As your collection of real estate grows, so does the size of your reserves and the volume of cash flowing through your hands.  Are there lessons to be learned from how big players like banks manage their cash?  To find out, The Real Estate Guys™ invite special guest Patrick Donohoe into the studio to unravel one of the more mysterious methods big banks use to manage cash.  We’re pretty sure you haven’t thought of this!  The Real Estate Guys™ Radio Show provides real estate investing news, education, training and resources to helps real estate investors succeed.

Transcript

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0:00.0

Welcome to the Real Estate Guys radio program. I'm your host, Robert Helms. As a real estate investor, one of the things you have to manage besides your property is your cash. So today we're going to talk about cash management strategies for real estate investors and how you can be your own bank. On the Real Estate Guys Radio Network. Live where you want to live, but invest where the numbers make sense. Even better,

0:22.5

invest where you have a solid team to support you. We've been hearing great things about Memphis,

0:26.2

Tennessee, and Terry Kerr from Mid-South homebuyers. Since 2002, Terry and his team have been

0:31.1

delivering turnkey rental property solutions ideal for out-of-area real estate investors. So if you're

0:36.3

looking for affordable, trouble-free, turnkey investment property, call Terry.

0:40.1

Use our resource hotline at 888-5-10-68-38-extension-118.

0:45.8

That's 888-5-10-68-38 extension 118.

0:50.0

Or find them in the resources area of our website at real estate guys radio.com.

0:57.0

Welcome to the Real Estate Guys Radio program. Thanks for tuning in. I'm your host, Robert Helms.

1:02.5

We talk real estate every week, and this week we're going to talk about cash. One of the best

1:06.2

parts about real estate. First, let's meet our co-host financial strategist, Russell, Cash Flow, Gray.

1:12.1

Hey, Robert. How you doing? Good. i'm flowing cash excellent as you should be you know obviously or maybe not so much

1:17.3

real estate investors are interested in return that's why we invest in real estate we want to see a

1:22.4

return now that's different for everybody how much risk you're going to have what the return's

1:26.4

going to be like when you're going to get it some people want to buy a piece of real estate, do something to it

1:30.3

quickly, turn around and sell it and make a big old profit. Some people want to just own it

1:33.9

forever and have it just cash throw off for days. But either way, you want to make sure that your

1:40.3

real estate is performing for you. And we've talked this year about checking in with

1:44.8

your bookkeeper and making sure that's all in a row. We've talked about asset protection and

1:48.9

NB planning. And today what we're going to talk about is an important element of real estate

1:52.9

and something different. And that's cash management. And what does that look like as a real estate

1:56.9

investor? Yeah, cash management can be looked at from a lot of different perspectives. So the big thing when you talk, Robert, about return is in order to be safe, like we have this

...

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