I know many of you have seen the YouTube videos and read the magazine reviews that call the Lamborghini Countach slow, uncomfortable, hard to drive, and something that should just be looked at. I can understand why you think I might be crazy because I read those same articles and watched the same videos before … Read more
I have been a real estate investor for many years and built my net worth to more than 10 million dollars from almost nothing mostly thanks to real estate. However, I did not buy my first rental property for many years after I decided I wanted to be a landlord. Right now, it is especially … Read more
I love setting goals, trying to accomplish them, and usually failing miserably! I say that in a joking manner but I really don’t mind not accomplishing all of my goals because that is not what goals are for. Goals are to help you do better and go farther than you would have gone without them. … Read more
I bought my first rental property in December of 2010. My wife was pregnant with twins, and it was not exactly the best time to buy rental properties, at least according to all my peers in the real estate business. I was an agent and flipped some houses but I knew I wanted to invest … Read more
There has been a debate for decades over whether it is better to follow your passions when working or to follow the money. One school of thought is that passion does not pay the bills and you should take the job that pays the most whether you like it or not. Another school of thought … Read more
Every year I set goals for myself and my business. I also post those on this blog and on my social media accounts as well. This keeps me accountable for my goals and helps me pay attention to them all year round. I like to make huge goals that are very exciting to me and … Read more
Buying rental properties is a great way to invest your money but qualifying for a loan on an investment property is not always easy. Getting a loan on an investment property is much more difficult than getting a loan on an owner-occupied home, and it will cost you more. Many banks consider investor loans riskier … Read more
Making one million dollars a year is not as impressive as it was in the past thanks to inflation. However, it is still a goal for many people and many people consider millionaires to be “rich”. To qualify as a millionaire you simply have to have one million dollars in net worth, which is not … Read more
One of the most common problems people have qualifying for a personal house or investment property is a high debt-to-income (DTI) ratio. Most lenders will want to see a debt-to-income ratio of 45 percent or lower. If your debt-to-income ratio is higher than this, it will be very hard to qualify for a loan. I … Read more
There is a lot of debate about whether money makes people happy. But will more money make you happier in practice, or just in your fantasies? Some are big believers that money will bring you more happiness, while others feel there is a limit to what money can do. There was a major study done … Read more
The world has become full of people telling us how to live our lives. How to spend our money, how to save it, what career to get, and what we should dream about. I can’t stand it when people tell others exactly how they should live! We are all different and we all have different … Read more