Blog
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New Money vs Old Money – Which Is Better?
There’s a handful of people I went to high school with that grew up with “money“. Old money that is. These individuals have had wealth trickling down their family tree for generations. Two of them have families that when added together, own over 65% of the town I live in (Monroe, Louisiana). This inherited money…
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RV Park Investing: Is it Right for You?
It all started with a recent trip down to Lafayette, LA to spend the day with mobile home park mogul Chris Rood. I knew something was up when I heard Warren Buffett was getting into the mobile home investing space a few years ago. If the world’s greatest investor is putting billions into a certain…
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13 Best Passive Income Apps In 2022 And Beyond
[Editor’s Note: Today’s article is a guest post from Lyle Solomon is a licensed attorney in California. He has been affiliated with the law firms in California, Nevada, and Arizona since 1991. As the principal attorney of Oak View Law Group, he gives advice and writes articles to help people solve their debt problems.] A commonly asked question is, what’s the difference between…
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Real Estate Syndication: A Complete Guide To Investing
“Never depend on a single income. Make investments to create a second source.” – Warren Buffett Shortly after reading Kiyosaki’s “Cashflow Quadrant“; I had an abrupt wakeup call. It seemed that even though I am a “self-employed” practice owner, I’m nothing more than a glorified employee (trading time for money). In other words, if Dr.…
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Mineral Rights in Real Estate: What They Are and How They Work
What are The Mineral Rights in Real Estate, and How Do They Work? [Editor’s Note: Today’s article is a guest post from Pheasant Energy. Pheasant Energy is a Fort Worth based upstream oil and gas company. Their primary focus is in the mineral, royalty, and working interest subset of the industry. They analyze a high rate of…
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Real Estate Syndication vs REIT – Which Is Best?
Real Estate Syndication vs REIT – Which Is Best? Whenever someone first joins our Passive Investors Circle, the first step is setting up a call to determine their specific investment goals. Most either don’t have any and if they do, they’re rather vague. Examples include: I’d like to get into real estate but don’t know where…
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5 Top Grant Cardone Books To 10x Your Money
5 Top Grant Cardone Books To 10x Your Money Grant Cardone (New York Times best-selling American author) is best known for his 10x Growth Conference designed for business owners, entrepreneurs, real estate investors, or anyone seeking tremendous financial success. I was fortunate enough to sit down and interview him on my YouTube channel. While at…
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What Is a Syndicator In Passive Real Estate Deals?
When I finished dental training at LSU, I was focused on one thing: getting rid of the $300K student loan debt I’d accrued. I understood the value of investing as early as possible (I didn’t start practicing until my early 30’s); but again, I was in survival mode. You see, only two weeks before I…
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What’s A Waterfall Calculation In Real Estate Syndication Deals?
Real estate syndication deals have become quite popular especially among the doctor community. Why? It allows those too busy to deal with tenants to passively invest in real estate and still get the benefits such as tax advantages and cash flow distributions. One of the questions new Passive Investment Circle members want answered is “how…
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Active vs Passive Real Estate Investing: A Comprehensive Guide
I recently spoke with a south Louisiana dentist about real estate investing. He graduated three years ago and recently completed the process of buying an existing practice. His wife is also a dentist so they have a great income stream coming in. I was impressed that he was focused on building long-term wealth and already…
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Is a 401k Worth It Anymore?
Is a 401k Worth It Anymore? In several conversations lately, I’ve been mentioning the phrase, “You don’t know what you don’t know” quite often. Take for instance, a 401k or any type of retirement plan that we’ve been told is the BEST investment strategy for retirement. If this is the ONLY option you’re given, then…
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Deferred Sales Trust 101: A Comprehensive Overview
I’d be willing to bet that at the end of the day, your BIGGEST expense over your career will be TAXES. I see too many doctors/high-income professionals that accept this fact (paying up to 50% of their salary to the IRS) yet fail to address it. Maybe they become complacent and simply accept it for…
