Yes, some people have gotten wealthy overnight and these possibilities create jealousy over the luck of the very few. But their gamble should not and could not be duplicated and put into an instruction book. In fact, the mindset behind these rash endeavors for wealth is often unhealthy. Instead, as with most things in life, […]
Getting started is very difficult. You need seed money. Your budget is tight as it is. But you cannot invest without that initial investment. For this reason, Investment #1 is always the hardest. But then Investment #1 starts to pay you cash flow. Now it starts to feel like it is working. Give it some […]
The technical skills are important. Certainly, you can and will learn the work. But what separates a transformational leader from someone in a seat is more than just learning the work. Not having this key special is what keeps people in middle management and causes higher-level leaders to peak in their careers. Luckily for you […]
There is a myth that says in order to be irreplaceable, you must conceal what you know, not share your expertise and essentially be the single point of failure. Actually, to be irreplaceable, you must be the opposite. You must be a giving mentor, not threatened by new and fresh talent, promoting and celebrating the […]
Many people think of rental property investing as a means to an end, perhaps a way to grow wealth or plan for retirement. What can often be overlooked is the impact on the lives of residents and the community in which you invest. Residents When you allow for someone to rent your property, you create […]
One of the major operating expenses to your rental property is vacancy. Vacancy is the cost of your unit setting empty. For each month there is not a tenant to occupy your home or property, you have a holding cost to pay and rent you are not receiving. Aside from the human factor, caring about […]
Many first-time investors struggle with obtaining that first rental. Understandably, they deal with analysis paralysis. What if this fails? What if this is a mistake? The self-talk goes on. Below are two simple questions to ask to help evaluate whether the property you are considering is a good rental. 1️⃣ Is It Easily Rentable? This […]