Blog
-
ChatGPT Interviewed Me (Transcript Included)
ChatGPT Interviewed Me (Transcript Included) Recently, I read an article in a manufactured housing magazine where ChatGPT interviewed the editor. I thought this was a cool concept and decided to do the same. Here’s what happened… Me Can you interview me if I provide you with details so I can write in a blog article?…
-
How to FI: A Step-by-Step Guide to Financial Independence
How to FI: A Step-by-Step Guide to Achieving Financial Independence What if you NEVER had to worry about money again? It’s not as hard as you might thing as millions of people are reaching this status, called Financial Independence (FI), each year. In this article, we’ll provide an easy-to-follow step-by-step guide on how to reach FI, from calculating…
-
Passive Real Estate Investing: Get Rich Without Breaking a Sweat
Passive Real Estate Investing: Get Rich Without Breaking a Sweat Passive real estate investing has become a popular way for busy professionals to invest in real estate without the stress or time commitment of actively managing their properties. With this type of investment, you can earn a steady income stream without having to take a…
-
11 Advantages & Disadvantages Of Real Estate Investments
11 Advantages & Disadvantages of Real Estate Investments Investing in real estate has long been a popular choice for those truly serious about building sustainable, long-term wealth. Known for its potential to generate consistent income, real estate investing offers unique advantages when compared to other investment options. However, as with any form of investment, there…
-
Mobile Home Park Investing: Beginner Investors Guide
Mobile Home Park Investing: Beginner Investors Guide Mobile home park investing has gained considerable attention in recent years as more investors recognize its potential for stable, long-term returns. It has several benefits, such as being easier to get into and providing consistent income from many tenants. But, it’s important to understand how investing in mobile home…
-
How Real Estate Syndication Works: An Investor’s Guide
How Real Estate Syndication Works: An Investor’s Guide When I first started investing in real estate, I was overwhelmed by the vast amount of available information. I didn’t want to deal with tenants, but I was willing to do what needed to be done to support my family. Especially after a wrist injury, I realized…
-
506(b) vs 506(c) Syndication: What’s the Difference?
About WordPress Understanding the Key Differences Between 506(b) and 506(c) If you’re looking to raise money for a real estate deal (or invest in a real estate syndication), you’ve probably heard of 506b and 506c offerings. But what do they actually mean? These are two different ways the SEC allows you to legally raise capital…
-
Step-Up In Basis At Death: What It Means For Your Estate
Step-Up In Basis At Death: What It Means For Your Estate Have you ever wondered how tax planning could benefit you, particularly regarding an inheritance? The “Step-Up in Basis” might be the answer. It’s part of the U.S. tax code that, in simple terms, adjusts the value of an inherited asset to its value at…
-
What Is Net Operating Income (NOI) In Real Estate?
What Is Net Operating Income (NOI) In Real Estate? When I initially come across an acronym, I instinctively think about dentistry. I guess because so many have been ingrained in my brain during my lengthy training I can’t help it. After starting this blog years ago, I quickly learned that real estate investors, like medical…
-
1031 Exchange Rules: What Real Estate Investors Must Know
1031 Exchange Rules: What Real Estate Investors Must Know Are you a high-income professional looking for ways to lower your taxes? The 1031 exchange is one of the best ways to save money on taxes, as it allows investors to sell, exchange properties, reinvest the proceeds, and avoid paying taxes on the profit until later.…
-
The Millionaire Fastlane – 7 Minute Book Summary
The Millionaire Fastlane Summary In the book, The Millionaire Fastlane, author and self-made millionaire M.J. DeMarco flips the script on how we think about money and success. Do you know how most people talk about the slow and steady route to getting rich (AKA the “Slowlane”)? Well, DeMarco’s view is the COMPLETE opposite. His core…
-
Should You Set Up An LLC For Rental Property?
Should You Set Up An LLC For Rental Property? In today’s real estate market, many property owners and investors are considering the formation of a Limited Liability Company (LLC) for their rental properties. This business structure offers various benefits that can potentially enhance the overall management and protection of the investment. With increasing lawsuits and…
