When to Rent a Home Instead of Buying

The Federal Reserve found that in 2016 the median homeowner's net worth was $231,400 while the average renter's net worth was $5,200. Certainly, it makes sense for your long term wealth for you to ultimately be a homeowner. However, sometimes you should rent a home instead of buying one. If you move to an area …

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Opportunity Zone Investing

If you have capital gains you may want to consider how investing those gains in an Opportunity Zone could save you taxes.  Also, investing in an Opportunity Zone Fund could be a great tax-advantage investment in and of itself.  Finally, you may be doing good for the country because you are investing in an area …

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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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