This is a part of my series where I give you first hand accounting on its best to cut costs without negative effects, and when you should upgrade to a nicer tool, quality, design, etc. Todays Topic: Hammer vs. Hammer.
You know my stance at this time regarding banks versus other sources of money. Here, I just have real life examples of why its not even worth going to banks, and you should always consider alternate sources of funding. TL;DR: 2 banks either turned me down, or gave me a huge application, where I was able to walk into a
Here are some concepts to keep in mind that has major tax consequences, as well as major consequences for obtaining mortgage loans for your investment properties. Make sure when looking at your adjusted gross income, that the underwriters add back in depreciation for your total income allotment. As a real estate investor, one of the benefits is the huge tax
Although real estate is a male dominated field (Constructions, Sales, Whole Sales, Investments), my impressions of the industry is that women are firmly established in leadership and business roles. Despite what one may think, women do not seem to be treated any differently here than in other career fields, and women are touching all aspects of this business. Overall, my
A great part about using real estate as your form of alternate income is that you can become even more successful during the downturn in the economy. As people are losing their jobs, because of your hard work, you STILL have income coming in. You have someplace to live in worst case scenario and won’t leave your family homeless. And,
Finding a real estate agent seems like an easy thing to do, but I ran into a few obstacles I had to overcome. A real estate agents financial interest is selling the most expensive house they can. My interest is finding the more affordable rental properties as low as I can, and multiple times. It takes a few bumps in
As part of my search for houses under 30k, I went into about 20 different abandoned homes in the Baltimore, MD area. It wasn’t always the best neighborhoods, and rarely was it ever bad for me to refuse to enter at all. I didn’t have fire power, so I used a very good flashlight and my pepper spray. You can
Here is my book review on Rich Dad Poor Dad. I definitely give this book 5 stars, and recommend it for EVERYONE. Please remember, if you want to be successful, you need to put in the time to learn. Its not easy, but you have to do it for success. Click Here To Purchase From Amazon (This is an Affiliate
Sometimes, when a contractor finishes a job, you are less than satisfied. Sometimes your shocked, appalled, and wondering what the heck the contractor was thinking to think you would be okay with the job or mess they left. This webisode deals exclusively with concrete ways to mitigate the situation deteriorating, and gives some guidance on how to “save” a situation
Choosing a contractor can be the best, and the most irritating, aspect of real estate investing. The contractor search and estimate gathering does get relatively smoother as you get better at sizing up your future “temporary employees.” After doing this for a while, I have new respect for hiring managers in corporate America. Good workers can be very hard to