When you hear the word motivation, it has a positive connotation, but it is surprising how detrimental it can also be, how it can negatively impact your results. You’re probably wondering how on earth can motivation in any way be negative. I mean, don’t get
So you’ve finally come to the realization that your nine-to-five grind just isn’t going to get you where you want to go in life financially and you’ve decided you need to look into this whole “investing” thing that people are talking about. First of all,
As I am sure you’ve heard a million times before, real estate investing can be a great way to build wealth, provide financial security, retirement income and also generate passive income (I say passive with a hint of sarcasm as it tends to require a
This is Part 2 of things to consider when purchasing an investment property. In my last article, we discussed the macroeconomic factors to consider before purchasing an investment property like the GDP growth of an area, the job prospects, the major employers in the area,
When deciding on an investment property, there are a number of things to consider. The two areas of consideration are macroeconomic factors and microeconomic factors. The microeconomic factors include things that you’d normally think about when analyzing a property like mortgage, taxes, insurance, utilities, other
Today, I want to discuss the Gross Debt Service Ratio (GDS), the Total Debt Service Ratio (TDS), and the Debt Coverage Ratio (DCR). Now don’t let these fancy terms and acronyms scare you. They are just a little bit of math the banks use to
No, this has nothing to do with The Last Airbender or giant blue humanoids on another planet. A tenant avatar is the description of your ideal prospect. If you could have just one tenant, then this would be the tenant you want. Having an avatar allows you
Professional tenants are the bane of any landlord’s existence. These people can come from any demographic background and are not easy to root out. After all, they make the act of fooling their landlord a full-time gig. So what are professional tenants? They are
The COVID-19 is real and it doesn’t look like it’s going away anytime soon. If you’re like most people, you’re doing your best to maintain social distancing and trying your hardest not to touch those filthy hands to your damn face. These unprecedented times
No, this has nothing to do with The Last Airbender or giant, blue humanoids on another planet. A tenant avatar is the description of your ideal prospect. If you could have just one tenant, then this would be the tenant you want. Having an avatar
It’s not enough to just think about your goals, you need to visualize what you want. Literally, picture what it looks like once you have achieved your goals. Where will you be? What will you be doing? What will you have? Visualizing exactly what you
So often people ask me why real estate well I’m going to tell you the three reasons why I invest in real estate Number one is cash flow making money while I sleep this is absolutely key to financial freedom to retirement when your head
I’d like to explain what it means to ‘leverage credit’? I’m sure you’ve heard of the acronym OPM, Other People’s Money and have likely wondered what it really means to invest with OPM. Well, it can mean a couple of things, it can mean utilizing
Have you ever heard the term, Good Debt? You’re probably thinking there is no such thing as good debt? What if I told you that it’s possible to make money by being in debt and that you cant get paid every month by being in
I’m going to give you five awesome ways you can invest in your own success Number one educate yourself, invest in your education I don’t mean that you have to go to school and spend eight years in university but if you want to learn
Your Power team consists of Industry Professionals you would in most cases need on your side to assist with buying and selling Real Estate. Your power team may include: Realtors Mortgage Brokers Home or Property Inspectors Lawyers Accountants Bookkeepers Property Managers Assistants Networks Why is
What is the best way to use a budget well typically people will sit down they’ll create a spreadsheet they’ll plug in all their expenses and of course their income do a calculation and say “Ok, this is how much money we have leftover or
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