One of my favorite ways to find off market deals is by mowing my own lawns. Sure, it’s not for everyone, but you can’t beat the exercise as seen by my latest fitness summary.
This was after mowing 6 lawns last Saturday.
Currently, I’m clipping and weed whacking 25 lawns excluding my house. Some of the lawns are so small, I consider them a single location. Others are fairly large and forced me ...
Hello fellow Ten to Millionaires!
Rental Income PodcastMy latest podcast interview just hit the airwaves. I’m a huge fan of learning while doing. On weekends and in between commutes, I’m running around with my wireless earbuds with various podcasts humming in the background. Nothing better than listening to a podcast while working on a rental.
If you haven’t listened to Dan’s podcast yet, I’d highly recommended subscribing to it. He interviews mom ...
Appearing live on CNBC’s Squawk Box, Buffett tells Becky Quick he’d buy up “a couple hundred thousand” single family homes if it were practical to do so. If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down.CNBC Interview I’d Buy a Couple Hundred Thousand ...
Bigger Pockets, the leading site for real estate entrepreneurs, asked me to elaborate on some comments I made on their site last week. The next thing I know, I’m being asked to write an article.
Here is the article Dave Ramsey is Wrong: You DON’T Need to Be Debt-Free to Hit Financial Freedom
Bottom line, Dave Ramsey is good at getting you out of financial trouble. Just don’t let him persuade ...
Whenever someone says my home is an investment I cringe. It is all I can do to keep my mouth shut.
I simply nod and think to myself “Does this person know the definition of an investment?”
Here’s my definition of an investment.
A small outflow that puts a massive inflow in your pocket with the least amount of time and risk that you can repeat until you are rich.
I have a client ...
In the last post we discussed the importance of knowing your WHY. This concept is so important that I’m going to share my origin story.
It is not as epic as Iron Man. I didn’t gain superpowers, unless you think my ten properties in ten years is superhuman. Maybe…just maybe..it will inspire you to buy, hold and cash flow ten properties in ten years like I did.
In the spring of 1994, ...
On the last post, we discussed the tax benefits of passive income versus active income as applied to earning a $50,000 salary at your day job versus earning the same amount through real estate as a real estate professional.
By ditching the commute to the cubicle, Passive Pia’s take home pay was 24% higher than Paycheck Pete’s and she no longer had to put in requests for vacation.
She was the master ...
In 2013, the media went nuts when the third richest person in the world (April 2016) stated that his secretary was in a higher tax bracket than him.
How on earth could Warren Buffet say such a thing?
Clearly, he must be a tax cheat. I bet he has some off shore bank accounts in Panama!
The liberals pounced on this and screamed the rich need to pay more.
The conservatives shouted the rich ...
In 1984, Apple rocked the establishment with the introduction of the Macintosh computer. It changed the entire PC industry and in my opinion, marked the fall of IBM.
In the Super Bowl commercial, Big Brother (from George Orwell’s dystopian novel) is IBM and Apple is the agent of change that finally frees the people from the shackles of tyranny.
Check out the video and picture yourself as one of those drones shackled ...
Way back in the summer of 1998 I set this crazy goal of buying 10 income properties in 10 years or less.
It was a gnarly goal at the time.
In a nutshell…
I had a negative $45,000 net worth.
I was living in a crappy studio with my girlfriend.
I was self-employed and banks didn’t want to loan to me.
Little did I know that when I threw down the gauntlet and challenged Mr. Universe ...
Posted: Apr 21 2016 @ 11:39 AM
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