The Changing Face of Financial Education
And How It Impacts Your Future THE CHANGING FACE OF FINANCIAL EDUCATION And How It Impacts Your Future I am fortunate to have obtained what I consider to be a good financial education. It wasn’t from formal education. It wasn’t from an MBA. All of my formal education, through engineering and an MBA, only included […]
Getting Real Estate Benefits Without Being A Landlord
GETTING REAL ESTATE BENEFITS WITHOUT BEING A LANDLORD Many millionaires obtained their wealth through real estate. Billionaires like to use real estate to continue growing their wealth. And enjoy some of the benefits. And many people see that there are benefits to owning real estate, but they don’t want to be landlords. It sounds like […]
Coming Soon! Rent Control
COMING SOON! RENT CONTROL 4 Actions to Take Now There is a movement across the country asking for rent control. Have you seen it? Some cities have imposed it. Suddenly the threat is in our backyard. In Florida, Orange County commissioners approved a rent stabilization ordinance to be placed on the ballot in November. The […]
Why Did My Financial Planner Say That?
WHY DID MY FINANCIAL PLANNER SAY THAT? I’m writing this week while we are on a trip to Europe. We started in Germany and stayed in a small town near Oberammergau. After checking in at the hotel my mother had trouble opening the door to the balcony and asked me for help. The top had […]
Retirement Account Secrets Your Broker Won’t Tell You
RETIREMENT ACCOUNT SECRETS YOUR BROKER WON’T TELL YOU Several years ago I was having lunch with some friends and we were discussing what we had each done over the weekend. I mentioned that I had spent the weekend learning how to use my IRA to invest in real estate. One person reacted with, “You can […]
Recessions and Inflation: What You Need To Know Now
RECESSIONS AND INFLATION: WHAT YOU NEED TO KNOW NOW Spoiler Alert: This Is Not Like The Great Recession Many people believe we are already in a recession. We are also experiencing high inflation and rising interest rates. What does that mean for our investments? What does that do to our ability to use retirement funds […]
Landlording Surprises That Boost Your Income
220628 Landlording Surprises That Boost Your Income LANDLORDING SURPRISES THAT BOOST YOUR INCOME Forest Gump was right. Life is like a box of chocolates. You never know what you are going to get. It holds true for tenants. Even when the screening seems thorough and includes background checks. And it holds true for property managers. […]
8 Real Estate Lessons From My Dad
8 REAL ESTATE LESSONS FROM MY DAD These Still Hold True Today I owe my passion for real estate to my dad. With Father’s Day coming up this seems like an appropriate time to share some of the lessons that I learned from my dad with regards to real estate. My dad was a broker, […]
Why Cash Is Not King
WHY CASH IS NOT KING THE MYTH How many times have you heard the words, “Cash is king.”? It sounds good. Sure, it feels good to have Benjamins in your wallet. But that does not make cash king. Cash is necessary for reserves and to pay expenses. But there is something else more important than […]
Are You Creating A Legacy Or A Headache?
ARE YOU CREATING A LEGACY OR A HEADACHE? SIMPLE SOLUTIONS TO KEEP THE CASH FLOWING There is a problem many of us do not want to face. My wife and I put it off for many years. During our building years we built up a nest egg. It included stocks, mutual funds, and our favorite, […]
How To Invest For Your Life Stage
Choosing Investments For The Time Of Your Life HOW TO INVEST FOR YOUR LIFE STAGE Choosing Investments For The Time Of Your Life Investing can be complicated and scary. But it doesn’t have to be. It is common to have a fear of what we don’t understand. We don’t know what lies ahead. However, we […]
How to Grow a Retirement Fund Faster Using Real Estate
HOW TO GROW A RETIREMENT FUND FASTER USING REAL ESTATE And Save Money On Taxes It’s April and most of us are too familiar with what that means. Taxes are due. I don’t mind paying my fair share. But I don’t want to pay more than my fair share. Many of us ask questions like: […]
Finding The One Thing That Maximizes Cash Flow
And Increases The Value Of Your Rental Portfolio FINDING THE ONE THING THAT MAXIMIZES CASH FLOW And Increases The Value Of Your Rental Portfolio Many of us venture into real estate seeking greater returns, stability, and control over our investments. Later, some of us find ourselves spending more time managing properties to ensure they are […]
Teaching An Old Dog New Tricks
TEACHING AN OLD DOG NEW TRICKS There are some myths that need to be busted. Like cash is king. And the three most important things in real estate are location, location, and location. And you can’t teach an old dog new tricks. As we grow older and more experienced, we learn and develop conclusions. Our […]
Is Financial Freedom Only A Dream?
IS FINANCIAL FREEDOM ONLY A DREAM? Discovering Magic Points In Your Journey Do you ever ask yourself, “Am I saving enough to retire someday?” Does it ever seem like savings and investments grow very slowly? Like watching paint dry but slower? Recent inflation has many people wondering if they have saved enough. Gas and housing […]
Are You Prepared For What Lies Ahead?
ARE YOU PREPARED FOR WHAT LIES AHEAD? Every investment starts with a plan. But, many investments don’t go exactly as planned. There are hiccups. Such as a house flip that goes over budget, or a property sits on the market a long time. It could be holding costs accruing while a property sits vacant. The […]
How Much Should We Offer?
HOW MUCH SHOULD WE OFFER? Crafting Real Estate Offers In A Competitive Market How can you make money today in a real estate market that is highly competitive? Single family houses and multi-family apartments are seeing the effects of inflation and high demand. There is a housing shortage. Sellers of single family homes are getting […]
Building Wealth through Multifamily Investments with Jonathan Barr
Mike Jacobson shares a 9 minute conversation with Jonathan Barr We have come to know Jonathan in a mastermind in which we meet regularly and are learning together and encouraging one another. Jonathan shares some of his experience and philosophy of apartment investing. California, multifamily investor Grew up in real estate family About 400 deals in […]
How To Survive Market Downturns With Confidence
HOW TO SURVIVE MARKET DOWNTURNS WITH CONFIDENCE Using Real Estate To Balance Your Portfolio Do you ever wonder which direction the stock market is really heading? Or if it is about to take a turn? This week was like snow skiing on a black diamond run. But I had just learned how to get on […]
Creating A Shared Vision
CREATING A SHARED VISION Expanding The Foundation For Financial Success It was sometime after obtaining our first rental property that I actually had a written plan. I called it A Path To Financial Freedom. It had 7 steps to reach financial freedom with real estate. It looked like this: Foundation, Find, Fund, Fix, Flip, (Port)folio, […]
5 Secrets To Keeping A New Year’s Resolution
5 SECRETS TO KEEPING A NEW YEAR’S RESOLUTION First, I wish everyone a Happy New Year! Most of us look forward to a new year beginning. It’s a time for a fresh start. Many of us tend to make New Year’s Resolutions. Unfortunately, most resolutions go the way of gym memberships by March. Over the […]
The Struggle Is Real
THE STRUGGLE IS REAL Battling Between Good Debt and Bad Debt My wife is a huge Dave Ramsey fan. For many personal finance issues I agree with him. Like paying off consumer debt and investing 10-15 percent of your income. And purchasing term life insurance is a great way to protect your income for your […]
What Is Your “Why?”
WHAT IS YOUR WHY? Goal Setting in January is common. For some, it is as simple as a New Year’s Resolution, such as going to the gym 5 days a week. For others, it is financial, such as investing a certain amount of dollars or growing the portfolio to a certain level by certain dates […]
Discovering The Magic Of Compounding
DISCOVERING THE MAGIC OF COMPOUNDING Have you ever said, “I wish that I had known then what I know now?” I just spent a weekend listening to some great teachers who have been investing in real estate for over 50 years. Consider the market cycles and changes they have experienced. Did they make mistakes? Yes. […]
Choosing An Exit Strategy For Better Returns
CHOOSING AN EXIT STRATEGY FOR BETTER RETURNS The Finish Line Is Not The End Of The Race Many private syndications buy commercial properties to hold for a significant period of time. Maybe five to seven years. Then the property is sold and you get a windfall. You expect to receive back your initial investment along […]
What Is An Accredited Investor?
WHAT IS AN ACCREDITED INVESTOR? How Can I Get In On The Action? Investing can be like fishing. If you fish from a dock you might catch some small fish. Or you might find a bridge that goes over deeper water to catch something a little larger. But it seems that you need a boat […]
The Appeal of Multi-Family Investments
The Appeal of Multi-Family Investments A Conversation with Sam Khairi We have come to know Sam in a mastermind in which we meet regularly and are learning together and encouraging one another. Sam speaks of how he made the move into multi-family and why. Lives in the San Francisco Bay area Wife and two sons […]
Living The Dream
LIVING THE DREAM Dare To Share It was only a few years ago in the corporate world that I would greet someone with “How’s it going?” They would sometimes reply back with “Living the dream.” An obvious note of sarcasm was in their voice. We were working in our field of choice. For me it […]
Defending Your Retirement Nest Egg
DEFENDING YOUR RETIREMENT NEST EGG The Attack Has Begun Your IRA is under attack as I am writing this blog. The right to choose your investments will be taken away if the current bills in the U.S. House of Representatives become law. The bills seek to pull money from Main Street and direct it to […]
Taming The Inflation Monster
TAMING THE INFLATION MONSTER And Keep Growing Your Nest Egg Inflation seems to be everywhere. Have you seen it at the gas pumps? Have you observed higher prices at the grocery store? Small and large businesses are having to pay higher wages to get new employees. Inflation has picked up significantly. Congress has authorized over […]