If I had a dollar for every new business idea I ever came up with I would land somewhere between Bezos and Buffet on the Forbes list.However, if I had a dollar for every business idea I took action on, I’d barely be able to buy a latte from Starbucks.Nonetheless, coming up with new business […]
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Building a portfolio of rental properties using the BRRRR method is hard work. Each stage comes with its own set of difficulties. First, you have to buy a property at a deep discount. Finding a motivated seller, especially in today’s market, is incredibly difficult. Then, you have to manage a thorough renovation. Dealing with contractors is never […]
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In October 2020, I joined a Real Estate Mastermind group that meets virtually for one hour per week. We also do a half-day in-person meetup once per quarter. The format of the weekly call is very simple. It starts with a message from the host, Gabe DaSilva. After the message is delivered, we spend about 20-30 […]
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Real Estate Investors constantly face the classic “chicken or the egg” paradox when it comes to deal-finding and capital sourcing.Which comes first: The deal or the money?There’s a common maxim thrown around online real estate investment communities: “If you find a great deal, the money will follow.”While I tend to agree with this short, pithy […]
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I’m in the process of finishing up my first “BRRRR” real estate investment. I’m referring to the 4-family property we acquired to subsidize the cost of Luna’s education.If you’re not familiar with the acronym… B.R.R.R.R stands for Buy, Renovate, Rent, Refinance, Repeat.It’s an advanced method of real estate investing that requires sharp-shooter precision at each stage […]
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I’m under contract to buy property #3, which will bring me to 11 units total. We should be closing on or around 2/17/21. This rental portfolio all started with the 4-family we bought back in January 2020. The initial goal was to buy an asset that produced enough cashflow to pay for Luna’s daycare in the […]
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In 1973, Paul Slovic ran a study to find out the effect more information has on our decision-making ability. He used professional horse racing gamblers, also known as handicappers, as his subjects. It’s important to note that each of these handicappers made a full-time living from betting on horse races. In other words: these were experts, […]
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In the Fall of 2018, I attended my first weekend-long Real Estate Investing Seminar. It was the Mid-Atlantic Summit hosted by Dave Van Horn in Philadelphia, PA. One of the speakers, J. Scott, asked the audience a series of questions to kick-off his speech.He asked…“By a show of hands, how many of you have yet to […]
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I’ve come to realize there is no such skill as “business” or “entrepreneurship”. Business is a collection of micro-skills like sales, marketing, negotiation, sourcing, distribution, project management, etc.An entrepreneur is a visionary who can identify experts in each micro-skill and recruit them along for a ride towards a specific location, namely a better future for all […]
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According to Tom Wheelwright, author of Tax-Free Wealth, there are two simple rules when it comes to tax law. #1: The money you earn is meant to benefit you and those closest to you. Yes, a portion of your income goes towards taxes. You might wonder how sending money off to the government helps you. It’s simple. […]
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