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I wrote this blog post the other day and thought I'd share it here to share as well! Have you heard stats such as “80% of millionaires attribute their wealth to real estate”? Or heard stories of living the good life o...
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A Globe and Mail article on "For most, a mortgage is painful. For the wealthy, it’s a money-making tool"https://tgam.ca/2FMPLb5
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Traditional Financial Planning advice goes out the window when you start investing in real estate.Questions for BP:- What proportion of your total wealth is held in real estate?- Why do you keep the asset mix you keep...
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Is a good paying job important to become wealthy in real estate? Or is it more important to buy a good first deal, whatever you can afford and build of if that?Are there any stories where people didn’t have a well pay...
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Somebody just told me that it was impossible to flip houses without a bank or investor backing you. Let me set this straight. I was born and raised in a small town in the middle of Iowa. Every since my early teen year...
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I have a wealthy (and nice and often loans money to others) family member who I could potentially use for purchasing rental property. One of those - I would utilize them for the BRRR process. Would this just complet...
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I've seen articles similar to this many times, so I think there's a lot to this. According to a Business Insider article, one habit millionaires have in common is reading. Having said that, they don't read just anythi...
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This is something I hear on Dave Ramsey. I'm not sure I agree with the numbers but I agree with the general ideas.
o what do the rich do every day that the poor don’t do?
Tom Corley, on his website Rich...
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Survey question for folks here planning for massive success in investing:What do you plan to do to give back to the community with your wealth? (Not the BP community, the greater community, the common good, outside o...
We live in a changed city.Our specific demographic data will continue to shift every year. But the major change—D.C.’s transformation into a city of the wealthy—has already happened. Any further shifts will simply mak...