Most people, both veterans and beginners, completely miss their “true asset” in their real estate investing. They *think* that the properties are their best assets. They’re wrong. Very, very wrong. The true asset of a smart real estate investor is their ability to get a “repeatable tenant.” The process of getting a repeatable tenant starts…
Yes you’re going to have to pay taxes on your real estate investing but that shouldn’t be your focus, this week’s Rock Star Minute y’all….
Are Real Estate Commissions Fair? We think so and we’re not biased at all…
Some family stories should perhaps be kept in the family.
But what the heck…
We all have family skeletons hidden in a closet somewhere, right?
So let’s do this.
A lot of people mistakenly believe that we *love* real estate, and we can obviously understand how you may come to that conclusion.
However, we actually only “love” real estate as a means to an end. We’ve found very few asset classes that can beat the advantages real estate offers … cash flow, appreciation, equity build-up, and full asset control are all nice things to have working for you.
And to be fair, very few other asset classes, require you to be so “active” in your investing to generate “passive” income.
It’s a complex but very profitable relationship.
But we’re preaching to the choir right?
What we really *love* and what we really cherish isn’t real estate … it’s our personal freedom. The freedom to do what we want, when we want it.
Real estate is one piece of our grande financial puzzle. It serves us a purpose today and it will serve us an even greater purpose ten years from now as more and more debt gets paid off.
Real estate is right up there with creating and running our own businesses.
And because we take this seriously we prefer to have an information advantage when we make decisions about acquiring new assets.
So we read, we observe, we study current events and more importantly we study history.
We study the history of money and we even study the history of our family.
And part of our family history involves our Aunt.
She was an amazing lady who is no longer with us … but her legend will be passed on for generations.
Now, before we go further we need to promise you that this week’s article has some huge lessons in it. We won’t call them, instead we’ll let you decide what they are.
So here goes…
Although we find the current state of economic policy endlessly fascinating, and even outright humorous, there are serious trends being created that aren’t pretty. More and more of us are coming to realize that low interest rates are great for the rapid build-up of equity in our Canadian properties. It’s flat out fun money and…
Quitting my job after University was less about money and more skills… this week’s new Rock Star Minute…
Flipping Properties is often confused with investing. Nick explains while sitting in a digger in Cleveland for this week’s Rock Star Minute…