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Where people learn to think wealthy and then become wealthy
LATEST BLOG POSTS
Miss the newest posts? Here are the last six!
Investment Commercial Real Estate Profits and Pitfalls
Residential investment property is forgiving for the most part. Professional managers exist in most markets and except for the very worst of conditions it is possible to fill most apartments even if it is not at a profitable rate. The number of residential properties available is large and unloading a single family home or duplex…
$10 Million Isn’t What it Used to Be
I remember the day I realized I crossed the seven figure mark. The actual moment of crossing was lost because I didn’t know I was doing so well. There was no party or celebration.
The year was 1996, I was 32 years old and the bank needed a personal financial statement for an investment property purchase. The real estate partnership I had with my dad and brother was in full swing, but I wanted to add a few additional properties to my personal portfolio.
The bank asked for a personal financial statement. It had been a while since I filled one out so I was interested in where I would end up.
Don’t get me wrong. I track my finances closely. Each individual investment gets reviewed annually or semi-annually. I don’t always add up all the numbers to see where my net worth is, however.
Buy A Car at an Awesome Price (From the Dealer)!
One moment please. I need to wipe a tear from my left eye. <sniff> There, I am better now. Regular readers probably were wondering what happened to me yesterday. I normally publish on Friday and there wasn’t a whisper of evidence a certain accountant was anywhere to be found. I have a good excuse for…