Category: Real Estate
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How To Make Money Work For You So You Can Stop Working
Growing up, I’d frequently hear successful people say, “If you want to get rich, you have to make your money work for YOU.” When I first heard this advice in high school, I didn’t have a clue what it meant. “The rich don’t work for money. They make their money work for them.” – Robert…
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3 Valuable Rich Dad Poor Dad Lessons You Should Know
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”…
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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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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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Maximizing Passive Income through Self Storage Investment
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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Doctor Real Estate Investing: 4 Ways To FI
Who would have thought that a global pandemic in 2020 sending thousands of people to hospitals throughout the U.S. would cause many doctors to lose their jobs and earning potential? Doesn’t make sense, right? You’d think the demand would now be higher but it seems that many hospitals have lost so much money that hiring…
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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…
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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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Hotel Investment Opportunities – Ultimate Strategy Guide
On February 21, 2020, the Dow Jones was trading at an all time high of 28,992. Who would have thought that only a month later it would drop almost 10,000 points to 19,173 due to a worldwide pandemic? I don’t know about you but I’m certainly glad that 2020 is in our rearview mirror. Good…
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How To Choose The Best Real Estate Asset Classes For Investing
Do you remember when you could order a burger and fries with no questions asked? Unfortunately, those days are long gone. If you tried that in restaurants today, you’d get bombarded with questions such as: what size burger – quarter pound? half pound? what type of bun? what would you like on it? sandwich only…
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Understanding Private Placement Memorandums For Syndications
When I first started learning about passive real estate investing, one of the biggest obstacles to overcome were the new terms involved. Some of the examples included: depreciation cap rate REITs Many times learning this new terminology is what initially keeps people away from investing in real estate. I know it did for me. But…
