Everyone had a great time at one of our recent club meetings with Sensei Gilliland. Enjoy a free half hour clip on us and be sure and join us online for our next webcast. Since May 2003, we have helped thousands of investors learn, network and prosper in our monthly meetings, workshops, and boot camps.
This year, the last minute extender legislation passed as part of the Consolidated Appropriations Act, 2016 (the Act) contains good news for just about everyone. It makes many of the long-favored tax breaks (so-called extenders) permanent and retroactively extends (some for five years, others for two years) the rest of them, and, for the cherry
At the close of last year, many real estate experts predicted the U.S. Federal Reserve would raise interest rates in 2015. That prediction never came to be, but even if rates rise later this month or next year, Ralph McLaughlin, a housing economist at Trulia, doesn't think it will scare away many buyers. If rates
Creating money is just like creating anything else in your life. It involves not being attached to it, and not giving it power over your life in any way. Failure to do so would bring scarcity into your life. The first step toward discarding a scarce mentality involves giving thanks for everything that you are
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Lesson Two: Did You Properly Inspect Your Property? When you're under contract to buy a house or other types of improvements like units, shopping center, etc., be sure to do a complete inspection by professionals you trust. In addition to foundation/structural issues, roof, plumbing and termite are the most costly to repair. While the first
Lesson One: Is Your Price Right? Appraising the house you're buying is key to your profitability. Paying for a professional appraisal can get very expensive when you're trying to sort through multiple deals to find your nuggets. Comparing apples with oranges is the most common mistake investors make in evaluating their potential investments.Here's a list
First: You can always make a less attractive property more desirable by adding cash and or other valuables to the original equity. If you have difficulty selling a property that most buyers find unattractive for various reasons, adding cash to the equation creates miracles. But, there are other “cashables” that work almost as well. Vintage
This is your cashflow formula. Simply stated, your monthly rental must be at least 1% of the purchase price of the property. As an example, if you paid $150,000 for a triplex in Riverside, you must generate 1% of that amount or $1,500 per month in rental. The reason so many people lost their investment