Where to Start you real Estate Investing

Where to Start Building Wealth

Where to Start The first step in building wealth starts with – you. Take action to educate yourself, build a financial plan and then implement the investment strategies that best suit you. If you are looking for a “get rich scheme”, then this won’t be the blog for you. After many years in the business and meeting numerous successful real…

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postpone paying taxes on profits

Postpone Paying Tax on Investment Proceeds

Information Obtained from IRS Website Whenever business or investment property is sold and there is a profit/gain, generally there are taxes to be paid on the gain at the time of sale. However, IRC Section 1031 provides an exception which would allow someone to delay paying tax on the gain. To postpone the tax, the proceeds need to be reinvested…

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Review Rich Dad Guide to Investing

Review of Rich Dads Guide to Investing

Real estate investing is a common business of interest for those wanting to build passive income. However, Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! advises ways to build wealth with not only real estate investing but other types of investments such as owning shares of private business or real…

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8 Financial Steps

8 Basic Steps to Financial Planning

Creating a personal financial plan maybe a daunting process, but I hope the following tips below will help you with the process. A personal financial plan is unique to each person because we are in various stages of our lives and hold different goals or plans. To effectively build an effective financial plan, I recommend planning an hour or so…

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Review of Complete Guide to Buying and Selling Apartment Buildings Book

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges This was one of the first books I read about apartments after a fellow investor mentioned it on a podcast. I picked it up and man what a good choice. If you are thinking about investing in multifamily properties I strongly recommend reading this book. When I transitioned from…

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7 Ways to Save While Paying Off Debt

7 Ways to Save Money Paying Off Debt

Below, are 7 ways to save money while paying off debt. While some of these methods may work for some, it is not a “one size fits all”. There may be requirements when it comes to financial stability, credit score requirement, and equity. If you decide to use one of the 7 methods below, it is very important to organize…

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Top 5 Habits to Freedom

Top 5 Habits to Debt Freedom

I came across a great article with tips on how to become debt-free. The author, Kristia interviewed 16 families who have collectively paid off over a million dollars in debt. With the research, she came up on 10 ways to become debt-free. I thought I would share some of my top 5 favorite points from the article. You can access…

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5 Ways to Invest in Real Estate With Little Money

5 Ways to Invest in Real Estate with Little to No Money

“Becoming an investor takes two important factors: knowledge and action” Have you wondered about becoming financially independent? Was real estate investing apart of those plans? Did you think you are too young to get started? Well, I’m here to tell you that becoming a real estate investor can happen – at any age or time in your life. Becoming an…

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commercial, investments

3 Tips Commercial Office Investments

Recently, Denny and I were analyzing a multi-unit office property for sale. After analyzing the property, it looked like a solid deal. One of the last items for us to check is the type of financing to obtain and if it would feasible with the cash flow. We scheduled a meeting with a lender to speak more about the property.…

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Real Estate Investing the New Trend for…

I have been in real estate for over 5 years now and it amazes me the number of people wanting to enter the real estate investment industry. Several years ago, you would rarely come across someone investing in the market. Fast forward today, you can find people in all kinds of places interested in real estate investing. I have met…

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