How does one get started in the business? There are different ways, but I took a rather unconventional way of getting started in real estate. I bought a rental property out of state in a place that I wasn’t familiar with, with zero experience and no team in place. It was a big headache in…
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“There are only 3 ways a smart person can go broke; liquor, ladies, and leverage,” Charlie Munger once said. Dave Ramsey is also a big proponent of getting out of all debt as soon as possible and staying debt-free. The average American spends more than what his income allows for, and doesn’t have much of…
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“But in this world nothing can be said to be certain, except death and taxes.” It’s never fun to pay a big portion of our hard-earned money to the government each year, but it is everyone’s duty to pay appropriate taxes. Having said that, the IRS has in place many advantages that the real estate…
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In real estate, the investor can realize market appreciation or forced appreciation. Here we will compare and contrast the two. Having a proper understanding of the two types of appreciation is important in formulating the optimal investment strategy for a given market/situation. Market appreciation is pretty easy to grasp as it is present in many…
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No, we are not referring to a romantic relationship that makes our heart skip a beat, or shatter it into a million pieces. We are talking about business relationships. In real estate, and in life, one’s network is their net worth. Real estate is a team sport, and building relationships is by far the most…
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