Three Lessons on becoming Rich from the Little Red Hen

Be among the red hens in real estate who take the long perspective. See life for what it is…new opportunities coming every day to participate. Learn how to say “no” to the reasons, and “yes” to opportunities.

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I Have Money in a Self-Directed IRA – Now What?

I had a really great question come in from yesterday's blog post, "The 2nd Smartest Investment I Ever Made". The question comes from someone who currently has a regular IRA with $25,000 in the account.

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The 2nd Smartest Investment I’ve Ever Made – Are You Doing It Too?

The SMARTEST investment I’ve ever made has been the education investment into myself.  That’s not the topic of this article.  The 2nd smartest investment I’ve made has been using a ROTH self-directed IRA to get into the lending business.  It was acutally a big mistake…at the time, I thought I was going to end up [...]

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Will Your Real Estate Strategy Work in a Higher Priced Market like Dallas?

I had a question come in from a long-lost relative of mine (well, long lost to me anyway).  "Will Your Real Estate Strategy Work in a Higher Priced Market like Dallas?" Russell Cronwell was the first president of Temple University.  He is know for his "Acres of Diamonds" speach he delivered some 6,000 times.  The main [...]

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Estimating Expenses on Single Family Rentals

I had another great question come up from a friend of mine.  "I use  40% of Gross Income as my Total Expenses (taxes,insurance,repairs,vacancy,etc) not including mortgage and in my case, management fees since i manage the properties myself.  Am I on the lower or higher end of it? How do you guestimate your total expenses? [...]

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The First Rockefeller Habit and Real Estate

I’m reading this book right now called “Mastering the Rockefeller Habits” by Verne Harnish.  He points out the three habits John D. Rockefeller felt were critical to his success in business.    I’ll talk about how I feel the first of those habits – Priorities – comes into play for real estate investors in [...]

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Part 3: Price is NOT the most important factor in a No Money Down deal

Part 1: The Three Keys to Every Profitable No-Money Down Deal Part 2: If You Can’t Get Your Money Back in 6 to 12 Months, Why Do the Deal? There are some sellers that you need [...]

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