Category Archives for General and Business Advice

What are Your Financial Resources for Real Estate Investing?

When you attended your first real estate event, it was probably expressed to you that you don’t need a ton of money to begin investing; and that is true. However, having even a bit of money can help speed up the process quite a bit. It is also true that properties can be bought with […]

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A House Is its Own Best “Comp”

An appraisal is a certification by a licensed professional that a house is worth a certain amount based on comparable sales. It is, however, an opinion of value based on one person’s analysis and experience. The actual “market value” is the amount a buyer is willing to pay and for which a seller is willing […]

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Equity Sharing & Partnerships

If you are low on cash or have cash and are low on time, a partnership or equity-sharing arrangement may be for you.  Using partners to finance real estate transaction is the classic form of using “OPM” (other people’s money).  Experienced investors are always willing to put up money to be a partner in a […]

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Tax Lien Investing 101

What is a tax lien? Tax liens occur when a property owner has not paid local taxes on a property. The local government will issue a lien against the property that states that it can’t be sold and ownership cannot be transferred until the owed amount has been paid in full. How do you make money […]

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Staging for Optimal Effect

Recently, “staging” has become a buzzword among Realtors and real estate investors alike. There are many theories on how to most effectively stage a home, and an Internet search will turn up a slew of articles on the subject, each offering their own perspective on the matter. Unfortunately, there are significant differences between staging an owner-occupied home and […]

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Are You a Victim of Procrastination?

Let’s face it. Even the most ambitious of us sometimes faces the procrastination “demon” from time to time. Call it “Spring Fever”, “Summer Malaise”, The Winter Doldrums” or any other name- it’s all the same. For most of us, it’s a temporary state and sometimes indicates that we need to slow down a bit and get […]

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Are Self-Directed IRAs the Best Kept Investment Secret?

There are any number of reasons why your investment advisor or broker hasn’t talked to you about a self-directed IRA. It could be they are afraid of losing your business, or it could simply be that they aren’t familiar with them. Whatever the reason, you should know all of the investment options optional for your […]

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Investing with Disqualified Parties in a Self Directed IRA

Your self-directed IRA is a huge tool for creating tax-free or tax-deferred wealth, but it is fraught with technical rules and potentially deadly pitfalls.  One of those pitfalls is doing transactions with parties that are “disqualified”, namely spouses and lineal ascendants and descendants (parents, kids, etc).   Thus, you can’t borrow from your mother’s IRA […]

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Considering a Partner in Business? Here are a Few Tips…

There are many advantages to partnerships. Smart use of a partnership may allow you to do more deals from a financial and time standpoint. It also spreads out risk and liability. Its part of the “Two heads are better than one” or ‘There is safety in numbers” theories. However, approach a partnership with caution and […]

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The Importance of Cash Flow in Business

Many businesses fail in the first few year mainly due to poor cash flow management. According to a recent survey, the number-one thing small business owners say they wish they’d have done differently was have more start up money. Even experienced companies file bankruptcy, not because they don’t have a good business model but because they […]

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