A friend of mine, Andrew (not his real name), is married with two kids. A few years ago, his life was like many Americans – he carried consumer debt, had no savings, and was stressed out. Life was not turning out the way he’d hoped. Then he realized he was responsible for the mess he was in and set about to change things.
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 MoreIn 2012, as the market struggled to improve, interest rates continued to fall. They were in the mid 4% range at this time. I was keenly aware of this, especially since we were paying 6.5% interest on a seller-financed contract for a little office property that housed a janitorial firm.
Read MoreSeveral years back, I helped run a Kenpo Karate school. Part of my responsibilities were leading classes, both for adults and kids. As I interacted with various students, I sought to understand their motivation for learning Kenpo.
Read MoreEarlier, I referenced “seller financing” in the acquisition of a property so I figured I should expound on that idea a bit.
To date, I’ve used seller financing in three personal transactions: two commercial buildings and one residential property. It’s also been used in transactions where I’ve acted as a broker. It’s one of the first questions I ask whenever talking to a prospective seller.
Read MoreThere are two quick things you should know about me:
1. I love real estate; and
2. I love real estate quotes.
A former client of mine was a successful franchisee who preferred to lease his store locations. However, when he couldn’t find an acceptable location to lease, he purchased a building that met his needs. This happened to him twice.
Read MoreIf companies are spending billions of dollars to help their employees get healthy, why aren’t they spending a dime to help them understand how to get wealthy?
Read MoreI’d kept my eye on a property on Northwest Boulevard for months. It was listed for sale by another brokerage firm and had been on the market for quite a while. One February morning in 2013, the “For Sale” sign disappeared and I panicked.
Read MoreI met with our accountant recently to review the tax returns associated with our properties. One of the questions that came up was why we immediately paint most buildings we’ve purchased. It’s been a reoccurring theme and one I was excited to discuss.
Read MoreMy hometown loves its coffee. To look at the amount of java business done here, you’d think it’s almost as important as air or water.
Read MoreI would like to think I was smart when I was 27 years-old. I had already served four years in the military, earned a degree from a state university and had just entered the real estate world as an executive assistant earning a whopping $20,000 / annually. Okay, I didn’t blow the doors off with my starting salary, but I was excited to be learning the real estate game.
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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