Develop That Passion That Got You Excited in The First Place Face it guys, entrepreneurs think differently. We aren’t content with the status quo, we yearn for something different. There is something inside you, perhaps even in your subconscious, that drives you to accomplish those great things. You read the
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I remember back in 2003 my wife and I sold our condo and bought a new home. That was the beginning of my real estate endeavors and I was just starting to focus on becoming financially independent. We were doing well and on our way to paying off all debt,
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Faith. Passion. Courage. Determination. Strength. I could keep going, but you get the idea. Being an entrepreneur is not for the faint of heart. Having an idea does not make you great. Even passion alone does not immediately turn into a well of greatness. There is a quality shared by
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As a private money lender, my underwriting team (my wife) must sift through dozens of applications weekly. As our loans are mostly repaid from a resale or refinance of the property, one important check mark needed on all applications is a valid exit strategy. For the strategy to be valid
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First, why do real estate investors want to “scale”? The word scale that I’m referring to is derived from the term economies of scale. One definition denotes it as “the cost advantage that arises with increased output of a product”. With rental properties this is true, there is a cost
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On February 3rd, 2017, President Trump signed an executive order that requires the Secretary of the Treasury to review Dodd-Frank. So, what is Dodd-Frank? The Dodd-Frank legislation was passed over six years ago and it was intended to prevent the market turmoil that ensued in 2008, from happening again. If
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When buying real estate, there are some ways you can save money on your due diligence. You may think you can save a few bucks but you are risking a magnitude of more money. Yet, there is one third party report I would not skip. In my previous article titled
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Happy Good Friday to you. I thought this would be a good topic for Good Friday as it relates to inner peace, being honorable, turning the other cheek and being a people pleaser. My three young children can be mean to each other sometimes. In your daily life, how often
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Frequently I’m called upon to underwrite a property. Whether it is for a loan or a purchase for an investment property, some principal or borrower needs to know if their real estate asset will perform as expected. There is a complex process I go through when underwriting and I cannot
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I was prompted to write this article when I saw an article from Realtor.com titled Apartment Market Slumps as Supply Surges. I ignored my urge. Then, a few friends, who read the same news feeds, asked something akin to “Is the multifamily product finally going to crash allowing us investors
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