What?! You didn’t know there were fees associated with your 401K? If so, you wouldn’t be alone. According to an AARP study, an alarming number of people who have a 401K account weren’t aware of all the fees! In fact, that number was 71% of these individuals. Wow! Maybe you know there is a fee [...]
What kind of food do you like? I know... you’re asking what the heck has that got to do with deciding what type of real estate you should buy?! Stick with me. I promise there are similarities. I’ll get to that in a minute, but for now let’s just say it’s all about the experience [...]
The answer is simple... But I’ll have to ask you to wait for a minute. Just keep reading. Let me back up first. I need to you think about a couple of things... When you think about the population that is renting today, what does that look like? Just a few decades ago about 21% of [...]
Why do you need to understand what CADS is? Whether you are an active investor like me or passive investor like those who back my deals, you should understand this basic concept in real estate. If you’re just learning how to become a real estate investor, you definitely need to know what CADS means to [...]
What type of real estate investor are you? By this I mean do you like big piles of cash or a steady stream of cash that flows into your bank account over time? In other words, are you a passive investor who lets active investors use your cash and/or credit in their deals so you [...]
Oh, boy... I’m excited for you, because you want to buy a rental property. Good job! So let’s say you have $50,000 to $200,000 that you’ve saved up. So do you put all that money down on the one rental property or do something else? If you can’t afford to lose that money, please don’t [...]
Just got a big lump sum of cash? For example, did you receive a massive bonus in your 9-to-5 JOB? I hear it a lot... “Billy, I’m so excited! I just got my bonus check. I’m going to pay down my mortgage so I can pay it off early!” Here’s where I cringe. I may [...]
There are lots of things you need to learn in life. If you’re a real estate entrepreneur and investor, the one big thing you need to do is boost your financial IQ. That’s the one big thing you really need to know how to do! If you’re a real estate entrepreneur and investor, the one [...]
Ah, multifamily properties... I love getting them under contract! Maybe you do, too. If so, it’s a great way to participate in real estate investing. Once you have your systems in place your profits can be really good. But how do you finance your properties? That’s exactly what I talk to you about in this [...]
Are you like me? Do you invest in multifamily properties? Want to make your real estate investing life a bit easier? Find a good property management company. When you do, stick with them! A good management company will handle all the tenant, toilet and termite issues in your properties for you, plus a whole lot [...]
