Tag: lessons learned
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I didn’t know this and it made me over $100,000 dollars in the first year.
I used to think that I needed a lot of money and a great credit score to buy large apartment deals and commercial property. When I found a property I wanted to buy and started looking at financing I learned the biggest lesson I didn’t know. When a bank is lending money for a multifamily […]
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Book Summary: Atomic Habits, the greatest book ever written on “habits”.
Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones is a book written by author James Clear. The book provides a comprehensive guide on how to build good habits and break bad ones. Clear argues that small changes can lead to big results, and that the key to success […]
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3 mistakes investors make when calculating Net Operating Income (NOI)
There are several numbers and metrics you should look at when you are investing in a business, but this metric is one of the most important ones for real estate. And yes when you build a portfolio of income producing real estate, it is a business. In real estate, NOI is used exclusively to determine […]
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Pennies into Fortunes
Years ago, I listened to one of the most prolific speakers of a generation. He was already dead by the time I learned of him, but I bought everything he had ever written and everything I could buy that he had recorded for listening. He changed my life and therefore changed the trajectory of life. […]
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If you are a W2 employee you need to get you some of this now
Half of your money is going to taxes. If you don’t believe me, add it up. I am not just talking about on your paycheck. W2 employees pay the most taxes. Regardless of your effective tax rate and marginal tax rate, W2 employees pay the highest percentage of their earned income in taxes. And that […]
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This one thing holds most people back from owning wealth building income property
One of the biggest concerns I hear from would be real estate investors is “I don’t want to get that call in the middle of the night that something big is broken and needs to be fixed asap!” Just for the record, I have never received that middle of the night call. Matter of fact […]
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What would you do differently if you had to do it all over again?
One of my favorite questions I hear interviewers ask wildly successful people is this… “What would you do differently if you had to do it all over again?” I think we as humans love this question because it requires someone to be somewhat critical of themselves and reflect on what they could have done differently. […]
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What would an extra thousand dollar’s a month do for you?
My mentor asked me this question over a decade ago. What would you be able to do with an extra $1000 dollars a month? At the time, I thought, I could pay off my student loans quicker, my car note quicker, I could increase my savings rate. The question was a powerful one, because up […]
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Three things I did to pay off my third rental property
As of this writing I have written well over a thousand articles on a wide range of topics. A topic that I haven’t written about is real estate. And it is probably one of my favorite topics on the planet. I bought my first rental property in 2006 at the age of 26. It was […]
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5 reasons I have to get back to writing again
Wow! It has been almost two years since I posted a blog on this site. I did write a lot on another site I own for about a year, but I haven’t technically done any writing for the last nine months or so. So what compelled me to pick it back up? I felt like […]
Pennies into Fortunes 