When selling a property do you go for that quick nickel and flip for cash to solve a short-termed money problem or are you after the slow dime to create long-term wealth?
In today’s Round Table discussion, you are going to hear the argument for both sides.
In the past Mark has made it known that flipping for cash is one of his biggest regrets when he first started out. So, when he recently ran across a survey in a real estate group on Facebook pertaining to cash vs. terms and the majority of the vote was for cash, his frustration took over.
Listen in as Mark challenges the team to poke holes in his argument and asks them, why on earth would you ever take cash?
Here to answer that question are:
- Scott Bossman
- Aaron Williams
- Erik Peterson
- Mimi Schmidt
- Tate Litchfield
- Scott Todd
Mark’s passion on the subject becomes quite evident in today’s show as he makes a strong argument for terms in order to create long-term wealth and against flips that only creates another J.O.B.
Listen in as #TeamLandGeek gets into a weighty discussion over this topic. Can the team come to a happy medium or is the room left divided?
The only reason you would sell for cash is if you have never tasted passive income.
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Plus, we leave you with a little food for thought—how long would it take you to save up $3 million, doing what you are doing?
TIP OF THE WEEK
Mimi: Check out the Chrome app, Messages Saver for Facebook.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?