How Real Estate Allowed me to Quit my Corporate Job
Monday, December 19
OverviewDo you ever dream of stepping out of the corporate rat race so that you have more time and flexibility to pursue your own interest, but know you can’t afford to quit your job right now? There is hope and you can do it with good planning and hard work. Three years ago I transitioned out ...
Big Risk - Buying "Subject to" and Selling with a Lease Option
Tuesday, June 21
Recently I have been watching some real estate investing videos on YouTube (not Bigger Pockets videos) and I kept seeing a certain strategy being promoted over and over. Buying properties using "Subject to" financing and then turning around and selling the property using a lease option.At first ...
How to File a Form 1099-MISC for Independent Contractors
Sunday, October 25
Question: I have heard that I have to complete a 1099 tax form for independent contractors I pay through my business. Can you explain to me how I determine who gets a 1099-MISC form and how I file it with the IRS? Answer: Ok, you are an entrepreneur and you just started your first side business...
Anatomy of a Self Storage Facility Purchase
Thursday, July 23
Last Friday I closed on my 3rd self storage facility that I have bought in the last 5 years. This gives me a portfolio of 340 storage units, a duplex, triplex and 6 single family rentals. Since self storage is a topic that many real estate investors on Bigger Pockets are interested in I thought...
My Latest BRRRR is Rehabbed and Ready to Rent
Saturday, July 11
After a little over two months, the house on Blythe Ferry Road in Cleveland, Tennessee is now renovated and ready to rent. This house was a foreclosure from a local bank and it was in need of some TLC. Below are a few “Before” photos of what the house looked like when we purchased it. Take a lo...
Profitable Investment or a Good Part-time Job?
Thursday, March 26
QuestionI am going to pose a question that may get a knee-jerk negative response from some real estate investors. However, I believe most veteran landlords will agree with the premise of my argument if they take an objective look at it. Do you have a profitable rental property investment or just...