Archive
I was talking to an investor recently about a property tax lien sale. These take place when counties auction off the tax liens that have accumulated due to unpaid property taxes. It’s a good way for local government to recoup some of their lost funds. For investors, it’s a great opportunity. If you know what you’re doing at the tax sale, you’ll get either a guaranteed 18 percent return on...
A strong fence makes for good neighbors: The prospect of renting to friends and family is something that comes up from time to time. Some people like to steer clear of that practice because of the potential damage it can do to relationships. I’m normally one of those people because our relationships are too important to put in jeopardy. That being said, we’ve done it in the past – both...
Lonnie Deals are financial boomerangs: I want to tell you about one of my favorite deal structures: the Lonnie Deal. That’s when an investor buys a mobile home on a rented lot for cash and resells it, offering owner financing to the buyer. The reason I love them so much is they fit into any investor’s portfolio at any experience level. They work especially well for beginning...
How to get started in real estate investing? So what’s the best way to break into real estate investing? You may think you should start by getting approved for a loan. Maybe you think you should meet with contractors, realtors or even lawyers first. Perhaps you should buy one of those seminar packages who come with a mentor that will tell you exactly what to do next. Here is a...
Work to learn, not to earn: There are concepts that have truly life-altering effects. For us, the idea of working to learn, not to earn was one of them. This notion came from a book we read called “Rich Dad Poor Dad” by Robert Kiyosaki. If you’ve never read that book, please do. It’ll change the way you look at money, your job and investing forever. In the book, Robert talks...