I love rental property! I bought my first home when I was twenty-seven (27) years old. My next investment was a nine (9) unit apartment building when I was thirty-one (31) years old. Over seven (7) years, I accumulated more properties. By the time I was thirty-eight (38) years old, I achieved financial freedom. Investing has its risks and ...
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Rental Property Investing Tips
I love rental property! Where else can you leverage your investment for thirty (30) years at a low interest rate and have someone else pay for it? Real estate and rental property are not risk-free; however it is one way to accumulate wealth! It starts with savings and how you invest your money. You can start out small by renting out your first ...
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Nearly Half of all Americans Die Broke in Retirement!
Nearly half of Americans will be broke in retirement! They will rely solely on Social Security to support themselves. What if Social Security changes and how will you survive the changes? How do you see your retirement? Do you have enough savings for a comfortable retirement? Will you live off of Social Security or keep working? What will ...
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Retirement and a Stool!
What does retirement have to do with a stool? The three legged stool describes a retirement strategy of Social Security, pension and personal savings. This strategy is dated since very few employers offer pensions. What changed? Most employers replaced pensions with 401k plans where employees contribute on a pretax basis to an annual limit. ...
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I Am Getting Younger
I am getting younger! My hair is still gray and chronologically I am still sixty-five (65) years old, but I feel much younger. According to http://www.Realage.com, I am ten (10) years younger to be exact! Maybe it was the hip car, I just bought? Maybe my recent blood work will reveal something? Maybe, it is all the attention I get from much ...
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My Investment Strategy
My investment strategy is pretty simple! I do not try to time the market or look for the perfect time to buy or sell. I keep it simple and it works very well. I did not bail when the market was diving for the bottom in 2008. As we all know, the stock market is volatile and a sound investment strategy is needed. Now that I told you about all ...
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I Love Taxes
I love taxes which is a huge paradigm shift for me! I used to hate taxes so much that I used the tax code to reduce my taxes to zero. Yes, that is right, I paid zero taxes for a very long time legally! When you invest in assets, you can depreciate them and use depreciation to reduce your taxes. Is that the only way to reduce your taxes? No, ...
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Invest Your Tax Refund or Send It to Me!
Invest your tax refund or send it to me! It is all about choices. What are you going to do? I know some will pay down debt, add to savings or fund an IRA. If you are going to go out and spend it on dinner, clothes, electronic toys or something that will break, wear out or finished in an hour, you can always send it to me! What choice will you ...
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Rental Properties and Mortgages
Now is the right time to buy rental properties or get a new mortgage. The numbers make a lot of sense because everything changed in the last few years. The housing bubble burst, many people can no longer afford to buy and interest rates cannot be any lower. Is this a perfect storm? Rental property is all about the numbers and the numbers look ...
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Landlord Nightmares!
Landlord nightmares, I lived through it or did I? Everyone presumes that all landlords make a ton of money. If you buy at the right time and get a low interest mortgage, you can make a lot of money. If that is all there is to rental property, it would be easy! Managing your business or investment is up to you! Rental property is a business, ...
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