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Business

Why you need a CRM for your real estate business!

WHY YOU NEED A REAL ESTATE CRM Believe it or not there’s still the majority of the agents out there who are not using a customer relationship management tool, also known as a CRM, or a database to manage their contacts and their relationships. Outlook, Excel, a spreadsheet, or a Word document are not CRM programs, and neither are sticky notes slapped all over…

Business | Real Estate

Investor Friendly Title Company

So, I got a call over the weekend from a wholesaler in Tampa who is just getting started wholesaling REOs. He saw one of the ten million signs I have plastered all over the place, and called me to see if I could help him out. Basically, he just went out and started making offers…

Business | Real Estate

How to Create Passive Income with Real Estate

Creating passive income is one of the most important steps towards retirement. Passive income is money that comes in without any work from you. Stock dividends, rental property income, interest on notes are all forms of passive income. Truly passive income is almost impossible to achieve, because every investment involves some sort of work. Stocks…

Business | Motivation | Real Estate

Tax Benefits With Passive Income

  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…

Business | Motivation | Real Estate

Passive Income

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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Single Family vs. Multifamily: Which is the Better Investment?

Single Family vs. Multifamily: Which is the Better Investment? I get asked a lot, “Hey Michael, I’m interested in cash flow real estate investments. What’s better: single family rentals or multifamily properties?” It’s difficult to answer this question definitively, but I’ll present the pros and cons for each and you can make your own decision….