The world of accounting and paperwork is a dark, dark forest to me indeed, and if it weren’t for Patrisha, my incredibly organized better half, I’d be totally lost. There is, however, one piece of paper that excites me like none other, and it is the Financial Statement! When I learned what is financial statement, […]
Should I Be Syndicating Real Estate Deals
What is the second most precious commodities known to mankind? Time – right? It is second only to health, and when either is gone – they’re gone; no amount of knowledge or money will bring them back once they’re gone. Basic truths; not opening any windows to the world here I hope… Well, I know that what I’m feeling […]
The Worst Advice in Real Estate Investing
Real estate investing is a difficult field to enter. It’s not really difficult as in “hard to comprehend”, I can teach anyone what they need to know to start with in the space of three months. But rather, the difficulty is in terms of isolating the most viable among the many apparent options which are […]
How to Invest in Real Estate Safely
Most of you know that I am a featured writer on the BiggerPockets blog, which means I spend a lot of time on BiggerPockets (not a bad idea for you either). Last week I came across a comment to one of the articles by another blogger, a buddy of mine Mark Ferguson. I could not […]
I Have a Question for You
I went to see my commercial lender last week. The company account into which I deposit my rents happens to be in his bank, which by the way is not an accident. This is a bit off topic, but pay attention: Finance is a relationship business – it doesn’t hurt to have a few bucks […]
You Need 2 Plans – Trust Me!
The following is a guest post by Jimmy Moncrief of realestatefinancehq.com . As an underwriter, one of the most dangerous things you can do is to make assumptions. As they say – assumption is mother of all foul-ups. However, for this article I’m going to make two assumptions: First of all, as a fellow reader […]
What drives Success in Real Estate Investing…
I don’t know why it happens this way, but I tend to Zag when everyone else Zigs. This is not due to or for the sake of simply trying to be contrarean. Simply put – for some reason I just see things differently, which leads me to behaving differently. For example, with regards to the […]
Family, Friends, and BiggerPockets
In the world of investing and financial blogging we are accustomed to measuring success in terms of money money. I may, for example, write an article detailing an acquisition of a 10-unit building with monthly NOI of $3,400 and cash flow of $1,000 for $373,500 which 8 months later is showing an NOI of $3,850 […]
3 Components of Successful Business
Television in general may not be the best place to get better at real estate investing. One major exception is the CNBC show called The Profit. The show follows the CEO of CampingWorld – Marcus Lemonis, who has built an empire of over 100 business. In his reality show, various businesses applied to be on […]
How to Determine Value in Real Estate
A few weeks back in an article entitled What is Due-Diligence and HOW Do I Do it I told you about an eBook that I had written examining the concept of Value as it relates to acquisition of Multi-Family income-producing real estate. In 13 Steps to Valuing Your First Multiplex I considered the subject of […]
Best Advice I’ve Received From My Mentor
I’ve been blessed to have people in my life who are not only knowledgeable and successful, but are open to sharing their wisdom with me. I consider it a privilege to, as they say – Pay It Forward, and share some of this wisdom with you. In this short video I will let you in […]
Sharpening Your Sword with Coursera.org
“See the sad thing about a guy like you, is in about 50 years you’re gonna start doin’ some thinkin’ on your own and you’re gonna come up with the fact that there are two certainties in life. One, don’t do that. And two, you dropped a hundred and fifty grand on a…education you coulda’ […]
How to Get the Most Out of Your LLC
What is the point of having an LLC if it doesn’t do what it is intended to do? And yet so many people mess this up… In today’s article I will outline for you the key rules and concepts to live by relative to your LLC in order to ensure your asset protection plan is […]
Functional Obsolescence
There are subjects and talking points in real estate that are easy, such as talking about how much money we can make, or how we are so good at negotiating that we get a steal on every property we buy. Those are easy and engaging topics, but sometimes I feel as though in the heat […]
LLC or C-Corp – This is NOT the most important question!
*Consult legal and tax advice before acting New real estate investors get a ton of different answers – all of the place, when trying to decide which entity structure to use. The problem is that while the vast majority of investors are able to make a choice, they FAIL miserably at observing the formalities which […]