All About Money

This board is all about money. Budgeting, investing, rental property, frugal living, debt, money management, making money, passive income, and more!
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On this encore episode of Investing in Real Estate, I’m tackling three listener questions about using home equity to buy rental properties, the best states to live and invest, and how to decide whether a renovation project is better suited for flipping or renting. Press play to hear my answers to your burning real estate questions!
How Do I Use My Home Equity to Buy Rental Properties?
On this encore episode of Investing in Real Estate, I’m tackling three listener questions about using home equity to buy rental properties, the best states to live and invest, and how to decide whether a renovation project is better suited for flipping or renting. Press play to hear my answers to your burning real estate questions!
The middle class has been slowly disappearing for a number of decades now. Over the past 50 years, the percentage of Americans in the middle class plummeted from 61% to 50%. And I’ve got to tell you: I only see it getting worse from here.
The Middle Class Is Disappearing
The middle class has been slowly disappearing for a number of decades now. Over the past 50 years, the percentage of Americans in the middle class plummeted from 61% to 50%. And I’ve got to tell you: I only see it getting worse from here.
a person holding a magnifying glass over a piggy bank with the words saving to invest in real estate if you have bad debt
5 Ways to Invest in Real Estate if You Have Bad Credit
What holds you back from pursuing a career as a real estate investor? One of the most common questions we receive is, “Can I get started investing if I have a low credit score?” The answer is a resounding YES! If you believe that your credit score defines you, I’d like to encourage you to challenge that limiting belief. Your credit score is just a number, and it’s just one small piece of your overall financial snapshot.
two people shaking hands in front of a laptop with the words 5 ways to make life easier for the real estate enterprise
5 Ways to Make Life Easier for the Real Estate Entrepreneur
Real estate is not your typical 9 to 5 industry. Long hours spent day and night, weekday and weekend, your responsibilities require the utmost attention and drive. Being your own boss is a challenging journey, but not without its fair share of rewards. When you first start on your path as an agent, you may have another source of income. Once you’ve worked your way up to a real estate broker, you may find yourself not entirely complacent.
On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75% and 5%, down from the previous range of 5.25% to 5.5%. Federal, Point Cut, Federal Reserve, Interest Rate, On Wednesday, Range, Money
Fed’s Drastic Rate Cut Drives Investors to Buy Before Housing Prices Surge
On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75% and 5%, down from the previous range of 5.25% to 5.5%.
When Natali and I first read Profit First by Mike Michalowicz, it totally transformed our business! Profit First is a simple and effective formula designed to help businesses stake claim on their income by prioritizing profit above sales and expenses. The system operates as a means to allocate money appropriately so that the business not only runs smoothly, but so the business owner is paid. Profit First, Real Estate Business, Real Estate Investing, Business Owner, Real Estate
How to Implement Profit First in Your Real Estate Investing Business
When Natali and I first read Profit First by Mike Michalowicz, it totally transformed our business! Profit First is a simple and effective formula designed to help businesses stake claim on their income by prioritizing profit above sales and expenses. The system operates as a means to allocate money appropriately so that the business not only runs smoothly, but so the business owner is paid.
A real estate valuation is essential for property investors, home buyers, sellers, and others. Why is this the case? Because they ensure buyers don’t overpay, sellers are not undersold, lenders are provided with the information needed to approve loans, real estate court disputes are settled fairly, and much more. Also, although properties in an area may be similar, there are many factors that can set them apart financially, and that’s when a property valuation is needed to generate the true value of a piece of real estate. True Value, Loans
Real Estate Valuation – Methods for Determining a Property’s Worth
A real estate valuation is essential for property investors, home buyers, sellers, and others. Why is this the case? Because they ensure buyers don’t overpay, sellers are not undersold, lenders are provided with the information needed to approve loans, real estate court disputes are settled fairly, and much more. Also, although properties in an area may be similar, there are many factors that can set them apart financially, and that’s when a property valuation is needed to generate the true value of a piece of real estate.
Did you know that there’s one thing that will dictate your success in real estate investing more than any other factor? It’s not your finances or your credit score. It’s your mindset that will determine your outcomes. The good news is: is it’s absolutely free to change your mindset. Change Your Mindset, The Good News, Credit Score, Good News, Did You Know, The Good
These Mindset Shifts Could Make You Rich
Did you know that there’s one thing that will dictate your success in real estate investing more than any other factor? It’s not your finances or your credit score. It’s your mindset that will determine your outcomes. The good news is: is it’s absolutely free to change your mindset.
If you take real estate investing seriously, you’ll want to conduct your venture as a business. Doing so makes your investing more profitable, more organized, and more successful! I recommend setting up a business in order to reap all the benefits of being a business owner. Foundation, More Organized, Benefits
The Basic Foundation of a Real Estate Investing Business
If you take real estate investing seriously, you’ll want to conduct your venture as a business. Doing so makes your investing more profitable, more organized, and more successful! I recommend setting up a business in order to reap all the benefits of being a business owner.
someone using an ipad with the text should i use cash or financial to invest?
Should I Use Cash or Financing to Invest?
Should you use your cash reserves to buy real estate, or is it a better strategy to use bank financing? And which method offers better tax benefits? That’s the first question I’m answering on today’s show!
I’ve been to quite a few meetup groups over the years where I ran into new investors who have asked, “Do vacancy rates matter in real estate investing?”. I was always happy to fill them in on the specifics of vacancy rates, because, the truth is, they can make or break your investment career. The bottom line is that no matter how perfect your investment strategy seems, a high vacancy rate will wipe out your game plan, along with your ROI. Investment Strategy, Wipe Out, The Truth, Investment, Career, Matter
Do Vacancy Rates Matter in Real Estate Investing?
I’ve been to quite a few meetup groups over the years where I ran into new investors who have asked, “Do vacancy rates matter in real estate investing?”. I was always happy to fill them in on the specifics of vacancy rates, because, the truth is, they can make or break your investment career. The bottom line is that no matter how perfect your investment strategy seems, a high vacancy rate will wipe out your game plan, along with your ROI.
a jar filled with coins sitting on top of dirt next to a plant and money
4 Smart Investments You Can Make in 2024
On today’s show, I’m sharing four smart investments you can make to start building your net worth. I believe there’s a strategy in this list that can work for everyone. Click play to learn more on this episode of Investing in Real Estate!
a keychain with a red ribbon tied around it and the words real estate business make?
How Much Profit Should You Make On A Rental Property?
How much profit should you make on a rental property? When you are evaluating cash flow on a property, you must assure that your rental income will cover all expenses such as taxes, insurance, property management, and any debt you take out on the property. After you subtract those expenses, what is left over for you is your profit. Generally, a profit of at least $100 from each rental property is considered a worthwhile return on investment.
four paint cans with the words 6 rental upgrades that are worth the money on them
6 Expensive Rental Upgrades That Are Worth the Money
When we’re talking about renovating a rental property, I’m usually recommending NOT to over upgrade the home. That being said, there are a few items that are worth the splurge! In this post, you’re going to learn all six!