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Suggested Reading: The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Do All Millionaires Drive Fancy Cars? When I was a younger man I heard a great story about the owner of a large car company that has stuck with me all my life. This owner would drive his 20 year-old truck to work everyday. I’m sure he could have had a limousine and a driver […]
Continue readingSuggested Reading: The Top 10 Distinctions Between Millionaires and the Middle Class
The Top 10 Distinctions Between Millionaires and the Middle Class book was a quick read, but distills quite a bit of knowledge into some succinct points. Will reading the book make you a millionaire? Of course not. But it will put you on the right track. It is not a book that you can easily […]
Continue readingWhen An Expert, Isn’t Really An Expert
There seems to be a misconception that once you become a full-time real estate investor that you work less. I don’t agree with that. I would say that you work differently. You just don’t get to a particular point in your business and stop, or at least I haven’t seen that point myself. One of […]
Continue readingCreate Your Own Learning Library
If you want to improve or change your situation, then education is an important part of doing that. Applying what you learn is just as important as educating yourself. At DurhamREI meetings I have mentioned that I read 3-4 books a month, which help to sharpen my saw and keep me focused. I’m really proud […]
Continue readingYou Can Create Wealth by Using Multiple Streams of Income
There are only six ways that you can create wealth. You can inherit it(1), marry it(2), win it(3), steal it(4), work for it(5), or invest to get it(6). I’m not really interested in the first 4 ways to create wealth as I don’t see them as something that many people can reasonably expect to do […]
Continue readingHow Real Estate Investor’s Can Use Creative Financing To Get A New Vehicle For Free
Real estate investors are creative bunch of people, particularly when it comes to financing. At the September Durham REI meeting, I shared how I used creative financing in order to get my truck for free in May of this year. These types of conversations usually happen when you attend events with a room full of […]
Continue readingThere are Lots of Ways to Make Money in Real Estate
When you are looking at real estate as an investment vehicle sometimes you get locked into a particular point of view. It can come from your background or the education that you have already received around investing in real estate. What I really find amazing about real estate is that it does not care about […]
Continue readingReal Estate Business is Simple But Not Always Easy
Last week, I was in Orlando, Florida for a conference and I ended up attending a local Real Estate Investor Meeting down there. Yes I am a real estate geek; I’m always trying to learn new things. It was great connecting with some new Investor friends in Florida, and discuss what strategy they focus on […]
Continue readingWhat Type of Real Estate Business Do You Want?
I hope that you have been enjoying the warm weather. We just got back from a week long Baseball tournament in Cooperstown, New York. Home of the baseball hall of fame, and more baseball souvenir shops than I have ever seen. My oldest son’s team played against 48 other teams from around the USA. The […]
Continue readingWhen Creativity, Trumps Contractors
In 2012, my wife and I purchased our first property. We were new to real estate, new to hiring contractors and had only a small idea on what labour and materials may cost to begin our maiden voyage. The property we had purchased was with a realtor through the MLS, and also happened to be […]
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