What is Paying Yourself First? First off, I want to first discuss the concept of paying yourself first. This just simply means taking a set amount or set percentage of the money you earn and stashing it away in your savings BEFORE budgeting for your bills and life expenses. This way, rather than hoping there... Continue Reading →
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6 Hacks for Making Tenant Management More Hands-Off
“I want to become a landlord so I can work a second job!” Said no one ever. Granted, rental properties are not completely passive investments the way that, say, mutual funds are. They require some work to buy, to manage, to maintain accurate books, to file taxes on properly. But the ultimate goal of all... Continue Reading →
4 Different Types of LLCs and the Ways They Pay Taxes
The following is meant for informational purposes and is not legal advice. For information pertaining to your specific legal situation, please be sure to consult your attorney. There are many different types of LLCs available for real estate investors. Which one is best for you depends on a variety of circumstances, including your personal real estate... Continue Reading →
How to Evaluate A-Class, B-Class, and C-Class Properties
One thing is for certain—everyone has an opinion and everyone has a different perception when it comes to evaluating asset classes. I’m proud to tell you that I’m a blue-collar, working class guy, so my perception of a certain asset class is different than someone else’s perception. I’m not here to tell you that I’m... Continue Reading →
13 Habits the Vast Majority of Successful Leaders Share
Habits are a powerful and undeniable part of every human. They drive our emotions and the way we think, act, do business, and make our way through life. Habits are a subconscious powerhouse that operate in the background of our every move. Unless we make a concerted effort to review them, understand them, and change... Continue Reading →