Short Sales From a Different Angle
Thursday, October 11
About five years ago my partners and I had opened a short sale company. At the time it seemed like a novel idea because we also had just opened a note company that was purchasing non-performing institutional notes at the same time. The idea behind it was we could share much of the same staff and ...
Real Estate Investor Mistakes: Giving Up Control
Tuesday, October 02
Ever since I had my 1st job in Corporate America, I had to make the choice between which mutual fund to elect to put my retirement money in. At the time I had no idea that the reason I was about to lose my money was that I was about to give up control of my retirement dollars to a fund manager...
Are Vacation Homes Good Investments?
Tuesday, September 25
It really all depends on how you look at it. Financially, most vacation homes are probably a train wreck. I’ve had one for about 10 years and to be totally honest I’ve never made enough cash flow to cover my mortgage. And I get the fact that there are folks out there who do cashflow (maybe they i...
Asset Protection Through Debt
Tuesday, September 18
This is a topic you don’t hear nearly enough about. The idea is so simple that there’s not too much to teach, so rarely do you hear guru’s talking about it. Most attorneys never mention it either because it might limit the number of LLC’s and trusts they get to set up for you.So asset protection ...
Landlord Tips: The best rentals to own
Tuesday, September 11
It might sound funny and it’s not what you’d think, but my best rental properties aren’t even houses at all, they don’t have most utilities, and the tenants don’t even live there. They’re actually garages! Years ago when I just started buying SFR properties, an old realtor who was training me sai...
Landlord Tips: When the Township becomes the Tyrant…
Tuesday, September 04
The Way It WasYears ago it seemed that investing in residential real estate was much easier. For one, the township was more of a friend than a foe. I’ve been investing in 1-4 family rentals for over 25 years and for the first 10 years they seemed to be a lot more cooperative. If I needed to do a...