1. Automate If you find yourself frequently doing monthly tasks like collecting rent, paying mortgages, renewing insurance premiums, etc., then you are in luck. These are the simplest chores to automate for free. Set them up to auto-deposit or draft directly to and from your business account the first time. You won’t have to touch them again.... Continue Reading →
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What Newbies Should Know About Financing Investment Properties (Versus Homes)
Think getting a loan for an investment property will be as easy as your home mortgage? Think again. Lenders are far more strict in their underwriting of investment properties and require more money down. Why? Simple: Borrowers will always default on their investment property loan before they default on their home mortgage. With higher risk... Continue Reading →
5 Smart Ways to Start Investing in Rentals Later in Life
“The best time to plant a tree was 20 years ago. The second-best time is now.” —Chinese Proverb Think you missed the boat on real estate investing? That it’s somehow “too late” because you’ve reached your 40s, 50s, 60s, or even 70s? Think again. Real estate investing is not the exclusive domain of the young,... Continue Reading →
Asset Protection in Real Life: How My Client’s Strategy Avoided a Lawsuit
The Best Asset Protection Starts With Being Informed It’s my hope that you’ll be able to use some of this information to begin building yourself an asset protection strategy, if you haven’t already done so. The first step in this process is making sure you have all the information you need. Now mind you, not... Continue Reading →
12 Rental Property Improvements You Can Make for Under $500
12 Rental Property Improvements You Can Make for Under $500 1. Paint You may not be able to paint a whole house for $500, but you can enhance key rooms and create accent walls. Trending colors this year may include grays, beige's, greens, and pinks. 2. Change Out Flooring The same applies to flooring. In... Continue Reading →