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Purchasing an investment property is only the first step as a property investor. The next step is actually managing the property. There are very specific management requirements you will have as a rental property owner. Here are five tips to make your investment a success. Keep Up With Maintenance One of the most important things…
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Two weeks ago I called six different contractors to come take a look at a small repair job on my personal house. Every single one went to an answering machine or voicemail. Okay, understandable.They are busy working. I’ll leave a message. In total, four of them called me back, and I scheduled four different appointments with each…
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Savvy investors know that finding properties with the highest return on investment potential often means researching and scoping out off-market deals. If you’ve been thinking about joining the ranks of investors taking advantage of hot fix and flip markets across the country and aren’t confident you know where to find the best deals or don’t…
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The #2 question I typically get from people I meet is this: “Dude, where do you get the money to do your deals?” I mean, their initial thought is that I have hundreds of thousands of dollars sitting around, waiting to be used on deals I get. I don’t have that kind of money sitting…
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You can make money in any area of real estate. But, it’s hard to be good at everything. So, in order to be successful, you should focus on one thing and become exceptionally good at it. So that brings us back to the question, should you flip or rent out your property? That really depends… Should I…
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“A journey of a thousand miles begins with a single step.” – Lao-tzu This chapter is very important in your real estate investing journey. Without a clear understanding of the principles found in this chapter, you are at a much higher risk of failure and defeat in your real estate dealings. In fact, if you…
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Wondering how I got started in commercial real estate investing? Almost 10 years ago now, I was at a crossroads with my investing career. At that point, after investing in residential real estate units for approximately 15 years, I started to ponder the idea of going into the commercial real estate investing arena. It just…
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My Real Estate Investing Background I’ve been a full-time real estate investor since 2003 soon after I graduated from college. But my foray into real estate was not an obvious choice. When my NFL football dreams fell flat (I was a middle linebacker at Clemson University), I stumbled upon the idea of real estate investing…
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What is ‘Passive Income’ Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with non-passive income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, in…
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LEARN HOW YOU CAN ENJOY LESS WORK AND MORE PLAY WITH THESE SMART INVESTMENTS. Traditionally, real estate investment is a fast paced industry that rewards long work hours and ingenuity. While the payoff can certainly be satisfying, it can sometimes leave little time for other passions and opportunities. Alternatively, the prospect of earning an income…