Nobody quite understands the challenges of being a landlord until they’ve been one. Finding ideal tenants is top priority, and it’s not always easy. I’ve been for over 13 years now and have some crazy stories. In your search for tenants, you may be wondering whether it’s better to rent to males or females. First […]
Is It Better To Rent To Males Or Females? Read More »
A well-written real estate love letter can reduce a buyer’s purchase price by 1% – 10%. If we’re talking about a $1 million property, that’s $10,000 – $100,000 in savings. Therefore, learning how to write a real estate love letter is essential if you want to save money on your next property purchase. At the
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Making a low-ball real estate offer is one strategy for getting the best deal possible. However, your low-ball offer may also offend the seller and shut you out completely. This article well teach you how to make a low-ball real estate offer and get it accepted. To make a successful low-ball offer, you need to
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After a brutal sell-off in March 2020 and the correction in early 2022, we should really ask ourselves: Do we really own any of our wealth? When trillions of dollars of wealth can disappear in a matter of days, maybe not. Now that the stock market has rebounded, it really is time to spend more
Do We Really Own Any Of Our Wealth? Or Are We Just Custodians? Read More »
After publishing, The Hardest Mortgage Refinance Ever, a reader asked me whether I’ve ever considered recasting a mortgage instead. My quick answer was no, despite having refinanced multiple mortgages on multiple properties since 2005. I’m all about getting the lowest mortgage rate possible. Recasting a mortgage can be a good idea if you come into
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After four months and one week, I finally was able to refinance my primary residence mortgage! I went through the hardest mortgage refinance ever. And with rates increasing again, refinancing a mortgage will continue to be hard for many. The Hardest Mortgage Refinance Ever My original loan was a 5/1 ARM at 2.5% that began
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One of my favorite income streams is rental property, especially when conditions are favorable for raising rent. I’ve bought several rental properties over the past decade and plan to continue buying more. A particularly popular rental I have is a two bedroom, two bathroom condo with parking and a view of a nice park. It’s not
How To Raise The Rent, Extend A Lease And Earn More As A Landlord Read More »
I originally wrote this post on October 3, 2009, right in the heart of the global financial crisis. Ultimately, I was telling myself to buy more rental property. If there’s one thing I know I will regret 15 years from now, it’s that I did not buy more rental property. When my kids become adults,
Note To Self: Buy More Rental Property! Read More »
Recessions tend to hit every 7-10 years. We had a massive recession in 2008-2009. We’ve had another unforeseen recession in 2020. Therefore, let me share some thoughts on buying property ahead of a potential recession. There is a decent probability we will end up in a recession over the next 12-24 months. After aggressive Fed
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Your sphere of influence is what will help propel you to financial independence. Make sure you nourish it. My first understanding of the power of influence came as a 21 year old at 1 New York Plaza, New York City. During a job interview with a sales trader at Goldman Sachs, I remember him telling
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