14m ·
Published
28 May 06:00
Juggling 0% interest business credit cards is like juggling torches in a hay-covered barn. Drop one, and the whole place goes up in flames. However, if you are disciplined and know what you’re doing, they could be a great asset in helping you kick-start your real estate investing career. Getting a 0% Business Credit Card There’slotsof information online regarding0% APR business credit cards. Most offer 0% interest for 12-18 months.Thismakes them well-suited for real estate projects that can be refinanced or sold, allowing you to pay back the cards before interest starts to kick in. These cards are relatively easy to get, provided you have good credit and a business entity. Learn more about your ad choices. Visit megaphone.fm/adchoices
16m ·
Published
27 May 06:00
What’s easier to find, a unicorn or a rock star contractor? If you asked mostvalue-addreal estate investors, the answer would be obvious: “Unicorns, of course.” We all know the inherent valuecontractorsbring to any real estate investment.A great contractor can help you reducecosts on renovations, save money on holding costs with quick turnarounds, and manage the project with limited guidance.Theendresult, of course, is a beautifully renovated property that gets finished on time and brings in a big payday. Learn more about your ad choices. Visit megaphone.fm/adchoices
11m ·
Published
26 May 06:00
As real estate investors,youremergency funds are a critical line of defense against unexpected costs.It preventsyou from dipping into your budget to handle them. But what should youreallyuse an emergency fund for? And how much money should you keep in your safety net? Here’s everything you need to know. Learn more about your ad choices. Visit megaphone.fm/adchoices
13m ·
Published
25 May 06:00
From the moment we take our first steps, we’re handed a blueprint for the American dream. Grow up. Get educated. Land a job. Buy a car. Tie the knot. Purchase a house. Raise a family. Clock in for 40 years while diligently stashing away funds in a 401(k). It’s the classic tale of success, promising a life of stability, security, and financial freedom.But what if I told you thatbeneath this facade of prosperity liesa lurking threat to your wealth journey? Learn more about your ad choices. Visit megaphone.fm/adchoices
11m ·
Published
24 May 06:00
If you read traditional financial independence/retire early (FIRE) bloggers, many of them reached their goals by simply pairing a high savings rate with a standard portfolio of stocks and bonds. There’s nothing wrong with that. It works, and anyone can replicate it. But my wife and I follow a different path to FIRE. You do need a stablefinancial floor—but that’s just the beginning. Learn more about your ad choices. Visit megaphone.fm/adchoices
11m ·
Published
23 May 06:00
If you dream of becoming a real estate investor but work at Walmart, you could well be on your way to realizing your dream much sooner than you think. This comes with one important caveat: You’d need to manage a Walmart store to enjoy the financial benefits that could set you up with the cash needed to invest. Walmart U.S. announced last week that it would be giving its store managers stock grants in the company. The announcement comes after Walmart also made the decision to raise managers’ salaries and introduce a new bonus structure that will allow store managers to earn up to 200% of their salary in annual bonuses. Learn more about your ad choices. Visit megaphone.fm/adchoices
12m ·
Published
22 May 06:00
When evaluating deals in the competitive world ofhouse flipping, as showcased in my current project, featured in myFlip/Off battlewith James Dainard (you can also read about hisweekly progress), I consider several key factors to ensure both a strategic purchase and a profitable sale. These components are crucial to the success of the flip and are designed to resonate with a broad range of potential buyers, especially those entering the market for the first time. But before I share my recipe for success, let me give you some background on my project. Learn more about your ad choices. Visit megaphone.fm/adchoices
16m ·
Published
21 May 06:00
Breaking news:Direct mail is still a key factor in real estate marketing, and it has the potential to be bigger and better than ever before. That’s because the analog marketing technique is being supercharged by digital tools. The days of the one-size-fits-all approach are gone. We all remember those days: stacks and stacks of the same advertising leaflets delivered to hundreds of local mailboxes, only to be discarded by uninterested (and often annoyed) residents. The cost of printing was, in many cases, unjustifiable, given the lackluster performance of this marketing method. Learn more about your ad choices. Visit megaphone.fm/adchoices
12m ·
Published
20 May 06:00
The notion that investing inmultifamilyis always better than investing in single-family is false. The goal of real estate investing isn’t to own a particular type of property but to secure a reliable income. The reliability of this income doesn’t depend on the property type but on thetenantwho occupies the property. To show you what I mean, I will compare the financial performance of a typical fourplex in Las Vegas to the kinds of properties we’ve targeted over 16 years. Learn more about your ad choices. Visit megaphone.fm/adchoices
22m ·
Published
19 May 06:00
Inhis recent article, BiggerPockets CEO Scott Trench did a great job enumerating all the reasons why multifamily is in the difficult position it’s in. If he had written these same things a year ago, I wouldn’t be writing this rebuttal—I would have simply said, “Ditto.” But I don’t believe that the picture he has painted is an accurate reflection of where things are headed. Here’s why. Learn more about your ad choices. Visit megaphone.fm/adchoices