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Pros and Cons of Creating an LLC For Rental Property

[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.] Do…

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3 Valuable Rich Dad Poor Dad Lessons You Should Know

“Cash flow tells the story of how a person handles money.” – Robert T. Kiyosaki When I was trying to get through dental school and later a surgical residency, the term “financial independence” never crossed my path. Man, I wish it had instead of “periodontitis” or “osseointegration“.  But you have to start somewhere, right?  Speaking…

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117 Inspirational Quotes About Money And Happiness

When it comes to self-improvement, building wealth is one thing  many struggle with.  Whenever I’m wanting to learn something new or stay focused on a particular area, having quotes around help keep me on the right track. Here’s my favorite 117 quotes about money and happiness.  117 Inspirational Quotes About Money And Happiness #1 “Money…

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How To Syndicate A Real Estate Deal As A Busy Professional

A new Passive Investors Circle member recently asked, “Jeff, how can I purchase an apartment building and bring in others to invest?” After asking him a few questions about his background, I learned: he was a pulmonologist in the Midwest has been practicing for 16 years was married with three kids only debt – home…

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How To Make Passive Income With Vacation Rental Property

One of the BIGGEST lessons Robert Kiyosaki’s book “Rich Dad Poor Dad” taught me was: “The Rich Don’t Work For Money” – Robert Kiyosaki To take it a step further, billionaire Warren Buffet once said, “If you don’t find a way to make money while you sleep, you will work until you die.” Now if the rich don’t work for money and…

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Want Freedom? How To Calculate Your FI Number

It’s amazing how many younger Passive Investors Circle members begin pursuing financial independence (FI) shortly after completing their training. I first learned about the financial independence/retire early or FIRE community after 10 years of practicing as a periodontist. Honestly, the concept of financial independence had never occurred to me.  I thought there was no other…

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Understanding Cap Rate vs Cash on Cash Return

One of the issues first year dental students face is becoming familiar with all of the “dental lingo” involved. It took me a while to get comfortable with terms such as: mesial/distal apicoectomy probing depth (PD) loss of attachment (LOA) exostosis This is no different when first starting to learn about real estate investing. Occasionally…

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The Resort At Paws Up – A Montana Adventure Of A Lifetime

I have a confession to make – I LOVE Montana.   Heck, even “Honest Abe” did too! “My favorite state has not yet been invented. It will be called Montana, and it will be perfect.” – Abraham Lincoln If you’re a subscriber to this site (thank you!), then you’re probably wondering why I’m talking about traveling to…

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How To Create Passive Income With Self Storage Investing

Who would have thought that a pandemic causing a world to shut down would cause some businesses to fail and others to thrive such as the self storage industry. That’s right, self storage. It seems that when American households couldn’t work and free money was sent to them via the government, their boredom was relieved…

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Influence Book Summary – The Psychology of Persuasion

If there’s one book that I’ve read that has helped me in ALL aspects of life (work, family and social), it would be Dr. Robert Cialdini’s Influence – The Psychology of Persuasion. It’s also frequently mentioned on podcasts as being on the interviewers favorite books list. There’s something about both psychology and negotiation that has…

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Qualified Purchaser vs Accredited Investor – What’s The Difference?

For the first 10 years of my career as a periodontist, I socked money away in the only investment opportunities I was familiar with….the stock market. This was due to my limited financial knowledge. At that time, the majority of our investments were in good ‘ole boring Vanguard index mutual funds (i.e. VTSAX Vanguard Total…

3 Reasons Value Add Real Estate Investing Can Work For You-f

3 Reasons Value Add Real Estate Investing Can Work For You

3 Reasons Value Add Real Estate Investing Can Work For You My dad’s father and uncle started a hardware store (Star Hardware) in 1941 that my dad still runs today. There’s nothing that I’ve ever seen that he couldn’t fix. (Maybe that’s why his nickname is “Mr. Fix-it“? Occasionally my wife and I will call…

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Potential Changes To Real Estate Tax Loopholes Doctors Should Know

[Editor’s Note: Today’s article is a guest post from a friend of mine that wants to remain anonymous. He’s a doctor that teaches other doctors about all types of money matters at Wealthy Doc. ] As a real estate investor, the Wealthy Doc understands that one of the MOST important benefits for investing in the…

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What’s the Difference Between Earned vs Unearned Income?

What’s the Difference Between Earned vs Unearned Income? It wasn’t until about seven years ago that I started searching for income sources outside of my dental practice. It took a minor wrist injury while skiing to make me realize I was depending 100% on the practice’s income. Not a good plan to have especially when…