When Luke was 23 years old, he started investing in real estate. In today’s show, he shares how he started young and will become successfully unemployed by investing in real estate. You can also listen to the podcast:
Simply put, escrow is a term that refers to a financial arrangement in regard to real estate. Throughout this article, we will be tackling what an escrow account is, how it affects your mortgage payments, escrow balances and shortages, and
Once you have decided to buy a property and have determined your ideal price range and location, the next important step is to figure out the specific type of property that best suits you. Aside from the usual single-family houses,
An EIN is very important for businesses as they are getting started. EIN stands for Employee Identification Number. It is a unique 9-digit number that acts as a business’ identification number in the United States. It assists the IRS in identifying individual businesses and monitoring their taxes. It is also sometimes referred to as a Federal Tax Identification.
Using a land contract is a way to purchase real estate with low or no money down. Don’t do a land contract without reading this.
Get the QRP Book for Free Here and learn all about the eQRP and how they can save you loads of money in taxes. Listen to the Qualified Retirement Plan Episode:
When building a rental property business, financing is the hardest part for most investors. The best way to invest in real estate though is with real estate leverage. Real estate leverage is utilizing other people’s money or any other way
When you rehab a house, it is easy to do it when you can visit the property every day because you live close to it. But what about when you rehab a house when you live 2000 miles away? You
As you go through life, it is likely that both your personal and financial goals are going to evolve and change a lot. However, it doesn’t matter what stage of life you might be in because there is one thing
There are lots of different kinds of investments. One of the most successful is real estate investments. Unlike stocks and bonds, this will help you make a stable and continuous cash flow whether you are working a small job or
A lot of people are talking lately about fear and worry about buying the first property and doing it right. In 2005 or 2006, I was watching TV at 2:00am and an infomercial came on for a real estate company
There is a difference between being wealthy vs rich. In fact, one is MUCH better than the other. You want lasting wealth and riches, you need to choose the right path to financial freedom. I have always wondered what it
If you are not careful, you can really lose a lot of money if you buy the wrong property, in the wrong area, at the wrong price. This is why you need to know how real estate due diligence is
The vacancy rate is the percentage of units in a rental property, such as a hotel or apartment, that are occupied at a particular time. Vacancy rates inform property owners of how their buildings are performing when compared to the
House hacking can be your best option to get started investing in real estate and create a rental business.
Gentrification is when a historically non-investment neighborhood undergoes a process of economic and neighborhood change through real estate development. This process typically results in higher-income residents moving in, resulting in a change in demographic and income level. Gentrification can also
Finding who owns a property is not as hard as it may seem. When I first started investing in real estate I couldn’t find the owners of a property no matter how hard I tried. Then, I found that there
Turnkey Real Estate Investing companies are just about everywhere you look. They promise great things to you as an investor but, should you invest your money in these Turnkey real estate investing companies?
The secret to success with real estate investment is numbers. Not knowing about these numbers might make you end up settling for the wrong real estate investment out of all the available deals out there. The price to rent ratio
Having a vision is never enough if you are a real estate investor. You also need to have a good eye for potential. If you want to maximize this potential, you need to know the after repair value or ARV.