IT’S ALL ABOUT THE LOCATION SILLY Over the past 30+ years, I have purchased seventeen investment properties. Some HORRIBLE (I sold) and some great (Still Own). Here are my lessons to help you find a great location that generates high rents and above average long-term returns. FINDING GREAT RENTAL PROPERTY LOCATIONS WOULD YOU LIVE THERE? WOULD YOU LIVE THERE? I made the mistake of buying five properties, I would never voluntarily live. Yep, I sold those five, AT ...
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In the 1987 movie, Wall Street, actor Michael Douglas as Gordon Gekko, said, "Greed, for lack of a better word, is good." The reality is greed wrecked our economy causing the 2008 Real Estate and Stock Market recession! Greed may put some Kodak Company executives in prison for alleged insider stock trading. So, let’s replace the word greed with LEVERAGE. Leverage/Debt is a powerful tool, when SMARTLY utilized in real ...
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COVID - 19 has drastically reduced tax revenues while also increasing the expenditures of: Cities, Counties, States and the Federal Government. So what are the plans to close the Billions in gaps? Look in the mirror! Politicians tend to stick to their tried and true option of RAISING OUR TAXES. In anticipation of high taxes climbing and the escalating violence in some cities; thousands of homeowners are fleeing the highest ...
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REAL ESTATE INVESTMENTS - THE BEST WAY TO BUILD YOUR WEALTH!
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In 2019, BUYING A HOME IS FAR MORE COMPLEX THAN WHEN I PURCHASED MY FIRST HOME
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HOW TO GROW POSITIVE CASH FLOWS FROM RENTAL PROPERTY INVESTMENTS
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THE BEST INVESTMENT TO MAKE BY AGE 30 - REAL ESTATE
Read MoreRecently, a reader asked the above very good question. I am providing a brief summary response and then more details. SUMMARY RESPONSE {DETAILS BELOW} The key decision point is NOT how much you put down. The best and safest move is to put 20% or more down if you can afford the TOTAL HOMEOWNERSHIP COST, discussed in detail below. Paying 20% or more as a down payment avoids paying Private Mortgage ...
Read MoreIf you have purchased a home, congratulations! I am confident you did your research and made a GREAT investment. Let’s discuss pros and cons of paying off that worrisome 30 YEAR mortgage early. My opinion, if you can afford to pay your mortgage off early, do it. I have paid one off early and in the process of paying two more mortgages off early. For me at least, I sleep better! Let’s ...
Read MoreThe answer to above question depends on a lot of factors, from your financial health/stability, the location you live in and the health of your local real estate market. I purchased my first home when I was 25, and admit I was clueless on the process and cost associated with buying a home. It turned out to be a good investment, I was LUCKY! Instead of relying on luck, lets look ...
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