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Blogger Profile


Colin

Blog Info

Name:
Building Income
Category:
Real Estate
Tags:
debt, general finance, investing, lifestyle, making money
Start Year:
2017

Blogger Bio

Net worth:
$540,000.00
Location:
Spokane, Washington, United States
Age:
40s
Race:
White
Gender:
Male
Life stage:
SIK (Single Income, Kids)
Profession:
Real Estate
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Latest Blog Posts

USA Today and The New York Times (among many others) have published articles about the Baby Boomer generation starting to pass down treasured heirlooms to their GenX and Millennial children.  Unfortunately, those trinkets and other items are being looked upon with some disdain. We don’t want them. We don’t value these items the same way our parents did or their parent’s generation did. ...
Posted: Feb 19 2018 @ 10:49 AM
In the Beginning… I was full of excitement after reading T4HWW and I made some immediate changes to my life.  These changes included: 1.     The Low Information Diet – I reduced the amount of print and television media I was bringing into my life.  Previously, I read three newspapers daily and watched the evening news.  That’s a lot of time spent on subject matter that I can’t control and that was putting ...
Posted: Feb 12 2018 @ 11:30 AM
In May of 2017, a tenant at our Rosewood Retail property moved out.  Spokane Vitamin Supply had been in the building for more than forty years. We had only owned the building for seven years, so we didn’t enjoy their entire run of tenancy.  The business had changed ownership at least twice.  In our records, there was a transfer of ownership in 1993 to Mr. Smith (not his real name).  Then ...
Posted: Jan 29 2018 @ 3:55 PM
Roughly six years into the ownership of our Rosewood Retail property, one of the partners decided she wanted to sell out.  A couple years prior, Bobbi (not her real name) had gone through a divorce and a year later relocated to another state.  She was involved in another partnership with us and had chosen to sell her portion of ownership earlier.  It had gone very well for her as detailed ...
Posted: Jan 23 2018 @ 4:07 AM
I stumbled across Grant Cardone on YouTube.  Cardone is a motivational trainer and a real estate advisor.  I don’t remember what topic I was researching when I first discovered him but there was a video for Cardone, so I clicked it.  The guy was full of energy and charisma.  I liked his message and filed away the name. Then another visit to YouTube for another topic and yet another Grant Cardone ...
Posted: Jan 15 2018 @ 6:55 PM
As time moves forward, things will change at any investment property.  You are incredibly lucky if your tenants stay in place for a multitude of years and steadily pay rent.  This reduces the associated costs and headaches of vacancies. At our Rosewood Retail property, everything proceeded nicely for about two years.  Then we were approached by one of the tenants who stated they wanted to terminate their lease early. The medical billing ...
Posted: Jan 08 2018 @ 2:44 PM
It’s embarrassing to admit, but when I was a property manager, I didn’t know how to invest in commercial real estate.  In my area, most property managers don’t own investment real estate.  I’d imagine that trend continues beyond my part of the country.  Perhaps it’s because property managers spend so much of their work time around real estate that they don’t want to do it on their personal time.  Maybe ...
Posted: Jan 03 2018 @ 1:38 AM
Earlier this year, I wrote the post You Are What You Read in which I discussed the well-documented argument that successful people read I also talked about my reading plan:  For every book I read for pleasure, I will read one book for education. Since today is New Year’s Eve, I thought I’d share my reading list for the past year and what I learned about myself.  Before I do that, though, ...
Posted: Dec 31 2017 @ 3:24 PM
If you’re a fight fan, you may have watched the much-hyped spectacle of Mayweather – McGregor this past weekend.  If you don’t like combat sports, you probably heard about the big fight nonetheless.  Floyd Mayweather, one of the best boxers to ever step in the ring, squared off with Conor McGregor, the biggest name currently in mixed martial arts.  McGregor fought by boxing rules (no kicks or wrestling), so it ...
Posted: Aug 28 2017 @ 7:41 PM
I’ve been reading about habits lately and will soon share my thoughts on a couple fantastic books.  First, Rich Habits by Thomas C. Corley is a quick, easy read and can be knocked out in an afternoon.  The second, The Power of Habit by Charles Duhigg is a more in-depth study of habits.  I read it two years ago and felt a need to re-read it again due to my ...
Posted: Aug 11 2017 @ 6:54 PM

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