Archive
It’s not what you make, but what you keep that matters. How many of you have heard stories about lottery winners who win it big, only to lose everything in a short period of time? I was reading a web article on this subject recently and it was mind blowing. The article went through many stories of how different people had won millions, only to lose it in 10 years or less. One guy won $31...
Be careful where you get advice Ashley and I went to a baby shower this week for some of our good friends Dorsie and Jimmy Kuni. Dorsie was absolutely glowing. This will be their first, and as any good friend who already has kids should do, I asked Jimmy if he was excited or just plain scared. He laughed, and we joked about Owen Wilson’s line from “Armageddon” right before they...
What is a market inversion? Are you familiar with the term market inversion? If not, that’s OK. I wasn’t until recently. But as real estate investors, you need to understand what it is, and more importantly, what it means for the current and upcoming real estate market. First off, let me give a quick overview as to what market inversion is from my understanding, and then I’ll tell...
Start the ball rolling Does this scenario sounds familiar? Rent is due on the first and late after the fifth. After 5p.m. on the fifth, you send a letter of demand via email and a text that says the tenant needs to pay or move from the property by the ninth. If not, you’ll have to file dispossessory at court. On the morning of the ninth you get a frantic call from the...
What’s in a day New and aspiring investors often ask me what a typical day looks like for us. I’m not sure we have “typical” days. Some are just smoother than others. Take yesterday for instance. I woke up and was at the gym by 6:15 a.m. (note: Ashley is there by 5:15 a.m. We play tag team on our workouts to make sure someone is home with the kids). By 7:30 a.m. I was back...