A Look Back at the Book Kidding aside, this is actually a very interesting question. Rich Dad Poor Dad was eye-opening for a lot of us. The interesting thing, though, is that while after having done a couple of deals, many of us felt like we were given the keys to the kingdom. Years and many hard... Continue Reading →
3 Ways to Enhance Rental Property Security
As a landlord, you have a duty to protect the best interests of your property and the tenants residing within. If you’ve never given security a thought, now may be a good time to reconsider. There’s a lot to gain from stepping up your efforts. Why Rental Property Security Matters Rental properties have a couple... Continue Reading →
3 Things I Love & Despise About Being a Landlord
Buying and holding income-producing rental property is great. It offers the potential for passive income, long-term wealth building, and tax benefits. Still, trying to manage your rental properties yourself can really create a love-hate relationship with your investments. Here are three of the things I love about it—and three things I despise. 3 Bad Things About... Continue Reading →
6 Different Ways to Hack Your Housing (Find One That Works for You!)
There is no question that house hacking is the single best way to generate wealth for those of you who are in the beginning stages of your journey towards financial independence. Here is why: It either dramatically reduces or eliminates one of your largest expenses—your living expense. You build equity for free as your tenants... Continue Reading →
Is Buying a Rental Property with Negative Cash Flow Ever OK?
Cash flow—it’s a term real estate investors eat, sleep, and live for. Maybe it’s used in reference to bigger sums of cash flow, as in flipping, or more often it’s used in terms of the monthly cash flow that a rental property does (or doesn’t) bring in. Either way, cash needs to be flowing in for... Continue Reading →