Real estate investing has grown considerably since the early ’90s as people work to grow their wealth. Nonetheless, real estate investing, particularly flipping houses, remained a man’s territory. Women who wanted to be involved in real estate often became agents, designers, or home stagers. In fact, according to the National Association of Realtors, women make…
Are you considering buying commercial real estate investment property? You are not alone. Commercial real estate is a wealth building machine as long as you do it right. However, investing in commercial real estate, though there are a few similarities, is strikingly different from residential real estate investing. So, if you are going to make…
Did you know that a majority of millionaires in the US obtained their wealth through real estate? Because of the ability to provide regular income, favorable tax policies, and appreciation, real estate investing, particularly in commercial properties, is an amazing way to produce wealth. In fact, it is a far superior avenue to creating wealth…
As a new real estate investor, you may wonder where to start. Should you be looking at neighborhoods? Should you be finding funding? Should you be learning about renovations? The answer is that although you need to start focusing on all of these things, the best way to do that is to surround yourself with…
Over the years, I’ve learned that the great things about humans are that we can reinvent ourselves. If we are not happy with who or where we are in life, we can do something about it. I’ve also learned that we tend to hang around like-minded people. This can be both good and bad, depending…
In the past, I’ve discussed several different ways to get finance your real estate investments. This includes traditional lending, using a hard money lender, finding other investors, and investing IRA funds through a self-directed IRA. However, there is another way to find capital known as transactional funding. This type of funding works best for those…
As interest rates rise, so does the cost of financing property. Since REITs are in the business of property ownership, you may be wondering what’s going to happen now that interest rates are poised to rise. Here are a few things you need to understand about REITs and interest rates. Rising Interest Rates REITs are…
If you are looking for a way to create a steady stream of income for retirement, then you should consider real estate investing through a self-directed IRA. A self-directed IRA allows you to take more control of your money and how it is invested. However, buying and selling real estate with an IRA can be…
Why is real estate investment such a great opportunity? The biggest reason is that everyone needs a place to live, making real estate something that is more than a fad. Owning property to rent to others can be a great way to make money and produce an ongoing income. However, if you aren’t prepared, you…
For the fifth year in a row, Americans believe that real estate is a better investment for growing wealth than any other long-term investment, including stocks and bonds. Here is what the poll found and what I feel are the reasons Americans choose real estate again and again. April Gallup Poll An April Gallup poll…
Are you looking for a great way to invest for retirement? Do you need to find a reliable source of income? If so, then you should be looking at real estate investing. This is one retirement vehicle with consistent and reliable returns no matter what the economic climate. Why Real Estate? Most people love real…
As you know, I love real estate investing. Because of my investments, I’ve been able to generate income streams far beyond what would have happened had I invested in stocks. Plus, I my properties appreciate year over year. That said, not everyone is meant to buy to flip or for rentals. That’s why I want…
If you are a fan of HGTV, then you may think that flipping a house is a fast and easy way to earn some money. Although it is possible to make a great ROI on a flipped home, it isn’t as easy as the TV shows lead you to believe. That’s why experienced flippers pay…
If you listen to the news, you may be wondering if now is the right time to get into real estate investing. You may be wondering if the economic changes, such as rising interest rates, should turn you towards some other investment opportunities. The truth is that there has never been a time that real…
There are many “lucky investment” stories that go around that usually involve an individual who knew nothing about investing and a lucky break. In these scenarios, they just happened into a great opportunity and got rich quick. Unfortunately, this is now how real estate investing goes. Without the right knowledge, no amount of luck is…
Many real estate investors, when asked the question, “What is your biggest real estate investing asset?” often get the answer wrong. They assume that it is money or knowledge. The truth is that it is relationships. That’s because real estate investing is not about property as much as it is about the people involved in…
One reason that real estate investing is such a good deal is that the IRS has rules that create great opportunities for those holding property. Although everyone knows that you can write off your mortgage interest, here are four additional strategies you may not know that could help you save a bundle. Of course, we…
Whenever you hear about investing, you hear the word diversify. Usually, the financial advisor suggests that you don’t put all your eggs in one basket, divvying up your money between stocks, bonds, futures, real estate, and other investment sources. However, diversification is also beneficial when looking exclusively at your real estate investment portfolio. When…
Flipping is a wonderful real estate investment tool if done correctly. The average flip profit in the US is currently over $60,000 a house with some areas well over $100,000. However, if you hope to gain these kinds of profits, you are going to have to do your property homework. Identifying the right investment property…
Buying with the intent to rent is known as buying residual income properties. Not only can rentals be a great way to supplement your income, but, over time, they can help you create substantial wealth and even quit your “day job.” Of course, gaining wealth with rentals requires that you buy the right property, rehab…
Raise your hand if you are reluctant to move beyond your comfort zone. If you raised your hand, you are not alone. People like being in their comfort zone because it is familiar. We know what to expect. Amazingly, people will stay in their comfort zone even if it isn’t comfortable. Why? The fear of…
Perhaps the greatest error a real estate buyer can make is to purchase a property in a city or state where he has no contacts or no history of any kind. This situation, which is easily avoidable, too often becomes an unavoidable problem — a financial albatross — because of ignorance by one party and…
Real estate investing can be as fraught with complexity as it is fruitful with rich opportunities and profitable dividends. The challenge is to demystify this process — to translate the nuances and contradictions of this vocation, for many, and this avocation, for many others still — into something that people can apply with consistency. For…
It seems like with all the TV shows out there nowadays, everybody has heard the term “fix-and-flip.” But what does that really mean, and will that be a viable strategy for you as an investor? Very simply, fix-and-flip involves buying a property at a discounted cost, renovating (or fixing) it, then selling for a profit…
How much time do you spend on planning a vacation versus planning your financial future? This was a question asked to me years ago, and it hit home. Now, when I ask it of others, it hits them the same way it hit me. We spend months planning a vacation, but few people really know…
If you are considering investing in real estate, you’ve likely done a little digging on the internet to determine if now is a good time to buy. Looking at those online articles from time to time, I’ve noticed that the answer is always “Yes”—and always “No.” The people who say “Yes” tout the idea that…
Those involved in real estate investing are gaining unheard of wealth, even when the rest of the economy is growing at a mediocre rate. Despite the real estate crash in 2008, homes are now surging past their pre-crash values as real estate does what it has always done, which is gain in value over time.…
