“Cash flow” is a term that comes up in most conversations on real estate investing—and for good reason. As a landlord, if the rent you charge is significantly higher than your expenses, that difference can not only help you build wealth but can also serve as a potential cash cushion, there to soften the blow... Continue Reading →
Analyzing Rich Dad Poor Dad Investing Principles—Are They Still Good?
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 →
12 Reasons Why Rental Properties Are the Best Investment
It’s no secret that I love rental properties. Sure, flipping and wholesaling properties might be fun. Notes and tax liens might have fewer tenants. The stock market might be more popular. But rental properties are my true business love. Let me explain why. 1. You can purchase it using leverage. Rental properties are great because you can borrow the bank’s... Continue Reading →
How to Best Prepare for a Tenant Trashing Your Property
Real estate is not fairy-tales and butterflies like it’s portrayed by gurus and seminars. Look, eventually your property is going to get trashed, and it’s going to need a lot of repairs. It happens. That is real estate. Real estate is hard work, and it’s a roller coaster ride. So, if you can acknowledge and... Continue Reading →
5 Unreasonable Landlord Behaviors (& How to Fix Them for Higher Returns)
Landlords’ returns are only as good as their property management. Unlike owning, say, shares in a mutual fund, bonds, or private notes, holding rental properties is not 100 percent passive. Rental income does require some work—and some skill, to boot. I see many mom-and-pop landlords make the same mistakes again and again and again. Here... Continue Reading →