An October 13th, 2018 article in the New York Times discussed how Jared Kushner avoided paying almost no federal income taxes several years running. According to the article, Kushner, who has a net worth of $324M plus, paid little to no taxes from 2009 through 2016. Just by my first two sentences, you can see the slant of the article – how things are tilted unfairly toward the rich.
Read MoreI read the most astounding paragraph in the June 19th, 2018 edition of USA Today. In Wealth of Millionaires Surges 10.6% to top $70 Trillion for the First Time, David Carrig was reporting on the World Wealth Report 2018 recently released from global consulting firm Capgemini. It was the third paragraph of the article that really caught my attention,
Read MoreIf you’re looking to purchase an investment property, whether it be a residential single-family home or a commercial building, the purchasing process is very similar. While there are some differences between the two processes, I thought they are close enough that I thought we should take a quick run through to get a discussion in place for future articles.
Read MoreBecoming wealthy is not something that happens overnight. Sure, some people win the lottery or have a windfall of money from an unexpected inheritance, but you should not be holding your breath for something like that to happen to you.
Read MoreWhen I purchased my first commercial building, I was a property manager. Therefore, it was natural for me to accept the same role for our investing group. It dove-tailed nicely into my day-to-day routine. I could field calls throughout the day for my own property as well as from the portfolio I managed. Everything rolled together well. It was a comfortable fit.
Read MoreI’m going to rant against some of those in the financial services industry. You see, I’m a commercial real estate broker who loves the product he represents. My clients can see and hear my enthusiasm when we talk about their needs, whether it be buying, selling, developing or leasing.
Read MoreIn May of 2017, a tenant at our Rosewood Retail property moved out. Spokane Vitamin Supply had been in the building for more than forty years.
Read MoreRoughly six years into the ownership of our Rosewood Retail property, one of the partners decided she wanted to sell out. A couple years prior, Bobbi (not her real name) had gone through a divorce and a year later relocated to another state. She was involved in another partnership with us and had chosen to sell her portion of ownership earlier. It had gone very well for her as detailed in The Little Property That Could – A Partner Wants Out.
Read MoreI stumbled across Grant Cardone on YouTube. Cardone is a motivational trainer and a real estate advisor. I don’t remember what topic I was researching when I first discovered him but there was a video for Cardone, so I clicked it. The guy was full of energy and charisma. I liked his message and filed away the name.
Read MoreAs time moves forward, things will change at any investment property. You are incredibly lucky if your tenants stay in place for a multitude of years and steadily pay rent. This reduces the associated costs and headaches of vacancies.
Read MoreIt’s embarrassing to admit, but when I was a property manager, I didn’t know how to invest in commercial real estate. In my area, most property managers don’t own investment real estate. I’d imagine that trend continues beyond my part of the country. Perhaps it’s because property managers spend so much of their work time around real estate that they don’t want to do it on their personal time. Maybe it’s an employee versus entrepreneur mindset that holds them back. Whatever the reason, it’s a strange reality to encounter.
Read MoreWhen I bought my first piece of commercial real estate, I was a property manager. Serving various types of properties such as retail, office and apartment communities, I worked with countless clients and investors who seemed much smarter and more financially put together than me. It was clear that they had their “stuff” together – they earned well, didn’t overspend, etc. They also knew how to buy investment real estate.
Read MoreIn December of 2015, my real estate broker sent me a listing for a single-family home on the north side of town. You may be asking yourself, “Wait, isn’t this guy a real estate broker? Why is he working with another agent?”
Read MoreIn the days of muskets, soldiers carried gunpowder separately. To ensure that the powder would ignite when the need arose, the soldiers took special care to protect it from moisture. Anything that would dampen the powder could put the soldier’s life and, the lives of those around him, at risk.
Read MoreHave you ever asked a friend for a mechanic recommendation and they say, “I have a guy.” Or when you tell another friend that you’re looking for advice on a problem they say, “I know this gal who is an expert.”
Read MoreWe’ve talked a lot about debt on this site. We can’t focus on both investment real estate and personal finance without doing so. Debt is a complex tool that can trigger many emotions. However, it’s my belief that the more we understand it, and our emotions, the better we will be prepared to use it when needed to acquire a piece of real estate.
Read MoreI read an article recently wherein the writer stated that all debt is bad. I paused on his stance and reflected for a bit. It seemed extremely militant. I’m not saying the author can’t take that position, it’s just that I don’t agree with him.
Read MoreIn the summer of 2010, my investing partner cold-called the owner of a small office building. It was located on Trent Avenue and had a small, clean warehouse with it. As the area changed over the past forty-plus years, it had become eclectic. Industrial users are mixed in with ethnic restaurants, specialty retailers looking for cheap rent sidle up next to little office buildings.
Read MoreI first read Robert Kiyosaki’s Rich Dad, Poor Dad about a decade ago. I got fired up about the ideas that Kiyosaki presented, but my personal financial habits were a mess and the idea of getting into real estate investing seemed so far away.
Read MoreBruchi’s Cheesesteaks is a local favorite. Serving subs and cheesesteaks since 1990, they’ve grown to seventeen locations and recently opened a store in Sacramento, CA. Bruce and Susan Greene have done a great job with the company, especially with new competition from national sandwich franchises coming into the market.
Read MoreA blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.
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