Just getting started in real estate investing? Or do you already have a few properties and are looking to grow your portfolio? Either way, you can’t make it about money. It’s more about helping other people grow! That’s true of anything you do in business and when learning new skills. Once you do, you go [...]
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 [...]
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 [...]
Do you like the idea of investing in multifamily properties? If so, that tells me that you want stable cashflow that gives you enough income to replace the income you’re earning in your day job. - Tweet Or you just want really good cashflow! That also means you have to get really good at analyzing [...]
Confused by the terms “operating expense” and “finance expense”? It can sound complicated. I know, because I get this exact question all the time when I’m talking to people at my Cashflow game events and when meeting with potential investors. Let me remove the complication. Just like the name indicates, an “operating expense” is any [...]
Learning is a lifetime pursuit for me. Is it for you, too? Maybe you get stuck when learning new skills. If so, that’s what I’m sharing with you here today. How to move forward and learn what you’ve been telling people you want to learn! While I’ve covered related topics here in the blog before, [...]
