Rental Real Estate Series: Part 3 – Analyzing Rental Real Estate Returns

When analyzing rental real estate returns you should at least consider the tax implications and the cash flow.  Over time, I have changed my analysis approach here and there but I do like to keep it pretty simple still.  You can get bogged down in the analysis if you get too in-depth on it.  The …

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Rental Real Estate Series: Part 1 – The Largest Landlord Expenses

When the rental market is great it’s easy to look past what may be your two highest expenses when you own rental real estate.  You may not even have these expenses when the market is really good. However, over the long term these will creep up on you and when they hit it can be …

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How to Budget Series: Part 4 – Cash Flow

By now you have the bulk of your budget figured out, it’s all coming together.  However, it likely feels like you don’t really know where money is going and when.  That is normal at this point. We are now going to put it all together from a cash flow perspective, which is when we determine …

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How to Budget Series: Part 3 – Income

For budgeting purposes the income side of the equation can actually be quite confusing at times.  If you are an employee, does it mean how much you get deposited in your account or is it your gross?  If you are commisison income, is it the gross commission income or is it after taxes? If you …

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How to Budget Series: Part 2 – Priorities for Extra Income

No matter the source, you need to have a priority established for all money.  Otherwise you’ll probably squander it.  It’s human nature, like buying a TV with your tax refund...it’s found money right! It’s bound to happen that you receive an extra dollar some day.  Ideally today!  It could be a bonus, inheritance, gift, commission, …

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You Can’t Retire…Without Passive Income

You want income when you aren’t working?  Sounds like you need that income to come in passively.  Unless you are somehow going to live off the land in the middle of nowhere with no need for supplies, tools, energy, transportation, entertainment, or anything from another person you will most likely need income.   Even the …

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