Often times people never see the work. The behind the scenes work. They only see the product, the results. This warps the reality to make them think that life is easy, that making money is easy, that losing weight is easy, being an actor is easy, or anything that brings results. Continue reading “The Mistake: Not Seeing the Work”
More than a decade ago I read the Idiots Guide to Getting Rich. The book primarily spoke about stock investing rather than real estate but the one thing that stood out from the book was introducing the 5 stages of wealth. I currently measure my wealth building by those 5 stages and now I wish to share it! Here they are: Continue reading “Multimillionaire Mind: The 5 Stages of Wealth”
Being a bum is the same as being wealthy. I know what your saying. Your crazy! But believe it or not, it’s true. Being wealthy and being a bum on the streets share one common trait. More freedom than the rest. Continue reading “Being Wealthy and a Bum are the same thing? Say what?!?!”
Dogs, doggy, scooby doo. They are cute and mean. The are lovable and smell. They keep us mentally healthy but need a lot from us. They shit and pee. I have a doggy. She shits and pees all the time. When they are young sometimes they poo and pee on you! On a rental property its a gamble, a crap shoot, a roll of the dice. Should I accept a doggy or not? Continue reading “Dogs: A Landlord’s Perspective”
Every month or so I track my net worth. I go through all my assets with value and subtract it by all my liabilities. Usually I would do it on a notebook I have full of strange ideas and realistic goals. Now that I have this blog….I will be doing it here. Here we go: Continue reading “Multimillionaire Journey: Net Worth 1”
My credit car bills are too damn high! If you have read my blog articles Credit Cards: Leveraging the Right Way and Bought a Bargain Property: Now What?, then you know I used many credit cards to pay for a remodel on the new property purchased. My wife and I decided to move into the property and lease out our old home. The remodel took a bit of life from me but we pulled through but now we have to pay this darn debt. A month ago it was $70,000 on credit cards! Yikes! This is not helping my Multimillionaire Journey at all.
Continue reading “Multimillionaire Journey: My Credit Card Bills are Too Damn High!”
I have come across several residential investors throughout my time in real estate. Below are a few of the people I have met and their methods!
The Owner Occupied String Method
Before purchasing my first property I was simply dropping in on open houses as a lookie loo. Every time I would see a sign I would stop my car and go inside to talk to the realtors there. One day I was chauffeuring my parents to their friends house across town when I saw an Open House sign. Without thinking twice I stopped to take a look inside. Continue reading “Investment Tip 2: A Few Methods for Buying More Property”