$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC October 19, 2020
REAL ESTATE INVESTMENTS

STEP 6: YOU WANT MAX PROFIT, THEN YOU NEED A GREAT PROPERTY MANAGER

To achieve financial success in real estate investing you need the same focus in selecting your team as a successful college sports team coach recruiting athletes.   Your real estate team includes: Property Manager; Successful Investment Real Estate Owners; Real Estate Agents; Home Inspector; Home Appraiser; Title Insurance Officer; Real Estate Attorney; Mortgage Lenders; and Contractors. Today’s blog focuses on finding a GREAT Property Manager rather than just an ok or good one.  The first step – ...

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by Powers Investments Management, LLC September 21, 2020
INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #3: BUYING THE BEST MONEY MAKING INVESTMENT RENTAL PROPERTIES

INVESTMENT RENTAL PROPERTIES CAN MAKE YOU A MILLIONAIRE! Good news - there are great investment properties out there, you just need to find one. Here are five key steps to finding that great investment property:First find a Great Location  Show Your Ability to Pay for the PropertyIdentify the Type of Property and How Much You Want to SpendHire the Right Real Estate AgentInternal Rate of Return >10% FIRST FIND ...

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by Powers Investments Management, LLC September 8, 2020
INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #2: IT’S ALL ABOUT THE LOCATION SILLY

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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by Powers Investments Management, LLC August 24, 2020
FINANCIAL LITERACY , REAL ESTATE INVESTMENTS

LEVERAGE FOR LACK OF A BETTER WORD IS GOOD!

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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by Powers Investments Management, LLC August 10, 2020
INVESTMENTS , REAL ESTATE INVESTMENTS

2020 WAS THE RIGHT TIME TO INCREASE MY REAL ESTATE PORTFOLIO BY $1 MILLION

  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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