Blog
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How To Benefit From Real Estate Professional Tax Status
For high-income earners, real estate professional tax status is one of the most powerful tax tools available. But it does take some work in order to qualify. Unfortunately, most doctors and other professionals have VERY few tax advantages due to two main issues: employment status their HIGH income Employment status Let’s start with employment status.
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77 Best Financial Freedom Quotes For Success
Unfortunately during college and dental school, the term “financial freedom” was NEVER mentioned. It was expected that if you wanted to get into a high-earning profession, taking out loans and going to school for a LONG time was the best route. 🙁 I was first exposed to the internet in 1996 during my senior year
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How To Turn 100k Into A Million (Step-By-Step)
How to Invest $100K to Make $1 Million: Step-by-Step Guide Most new Passive Investors Circle members come prepared to invest $100K into their first real estate syndication deal. Many times they’re looking for how to turn 100K into a million in as short as time possible. The majority are familiar with investing in the stock
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Are Mobile Homes a Good Investment? The Truth About This Overlooked Asset
Are Mobile Homes a Good Investment? The Truth About This Overlooked Asset When I first started investing in real estate, nearly everyone told me the same thing: “Start with single-family homes or apartments. That’s where the money is.” They were partly right, both are proven paths to wealth. But there’s another real estate asset class
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Cash On Cash Return Formula: Are You Making Money In Real Estate?
One of my first real estate mentors was Joe Fairless. Early on in my journey, he was nice enough to host me on his podcast (I guess to show that literally anybody can invest in real estate, even a periodontist 🙂 ) Joe helped me get started investing passively in real estate by teaching me
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5 Reasons To Consider A Hotel Investment
When you think about investing in real estate, what comes to mind? Apartments? Single family homes? Office space? Self storage? But what about a hotel investment? That’s right, the hotel industry. In 2020, the pandemic caused a major disruption within the travel industry. Hotels saw their occupancy rates drop to single digits. Up until that
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7 Books Similar To Rich Dad Poor Dad (MUST READ)
If you’ve been around this blog for awhile (THANK YOU!), then you know that I’ve published several articles about Robert Kiyosaki’s famous book Rich Dad Poor Dad. The reason why is two fold. First, every successful real estate investor I’ve ever met or heard speak at a meeting or on a podcast mentions it. Second,
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How To Get Started Investing In Storage Units Passively
One of my goals this year was to invest in a different asset class. I’m currently invested in several apartment syndications and hotel investments. One particular asset class that’s peaked my interest has: annual revenue of $40 billion an occupancy rate of over 90% And roughly 1 out of 10 households currently rent them. The
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Investing in a Car Wash: A Comprehensive Guide for Beginners
A few years ago, a local contractor recommended that I look into the car wash space as he knew I liked alternative investments. He was in charge of building a handful of express car washes for a national chain in our area. He personally knew the owner and informed me that he was getting an unbelievable
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5 Ways To Surround Yourself With Good People To Grow
5 Ways To Surround Yourself With Good People To Grow More than likely, you’ve heard the phrase, “You are who you surround yourself with.” I’ll admit, I didn’t pay much attention to it growing up as I hung out mainly with my closest friends and family. When I started college, I made a new set
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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
