Starting a Business Series: Where to Focus on Day 1?

It is so exciting and invigorating to start a new business!  You will instantly feel the urge to get out there and make it happen.  There are so many things you feel you need to do now. Create a logo Make a website Print business cards Design flyers about your business Make your business social …

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Passive Income and Return on Time Investment

What is your time worth?  When it comes to investing your time to produce passive income you will find that if you set things up correctly the financial rewards can be exponential.  That is, if you invest your time correctly as you build things that will produce truly passive income later.  As you explore passive …

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Highlights from Warren Buffet’s Annual Letter

Each year, we all (or at least I) eagerly anticipate Warren Buffet's Annual Letter to Shareholders. It's such an awesome read in so many ways! Not only does it give a great summary of what happened over the past year at Berkshire but it also provides amazing financial advice, a good read on the economy …

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Financial Stage 4: Overflowing

Are you in Financial 4: Overflowing? You are in Financial Stage 4, Overflowing, once you have paid off all of your debts, you are on track to reach all of your investing goals, you are increasing your net worth regularly, and you are giving generously.  This is the stage where you really make a huge …

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Self-Directed IRAs

The Self-Directed IRA is often overlooked as an investment vehicle. This is a way for you to own assets that are not stocks or bonds in your retirement account. Most often these are used for rental real estate. You can also use them for many other asset types. However, most people use them for rental …

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Rental Real Estate Series: Part 5 – Execution

You own rental real estate, let's discuss how to execute.  You may be a passive investor or an active manager.  Either way you will need to be continually assessing performance. Each month keep an eye on when rental payments are being made.  The income side of the equation is the most important for rental real …

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Rental Real Estate Series: Part 4 – Think Outside the Box to Find Deals

To find the best deals you may need to think outside the box!  Keep an open mind and be creative.  If you are looking for rental real estate that is purely passive you may want to consider other cities, states, or maybe even countries.  We own rental property we haven't even seen before.  You will …

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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 2 – To Thine Own Self be True

So you want to be a landlord?  To thine own self be true!  The first gut check should be if you have the personality to own rental rent estate.  Before even assessing the potential returns, purchase price, etc. you should first look at the person in the mirror.  Are you going to be an active …

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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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