9 Lessons From A Vacant House

Rescuing An Inheritance From Foreclosure 9 LESSONS FROM A VACANT HOUSE Rescuing An Inheritance From Foreclosure About a year ago, our daughter, Beth, was walking her dogs through a neighborhood when she spotted stickers on a house.  They were on the door and window.  The house was vacant. Upon closer look, the stickers indicated that […]

Have you seen the Headlines?

HAVE YOU SEEN THE HEADLINES? What to do when the skies ahead look dark. LOOK AT THESE RECENT HEADLINES The headlines seem a bit dark, scary, don’t they?  “Sales plummet”, “recession”, “prices fall”, “rising rates”, “investment came to a halt”, “steep drop”, … What does it feel like in your gut when you read these?   […]

Questions To Ask Before Entering A Partnership

QUESTIONS TO ASK BEFORE ENTERING A PARTNERSHIP The real estate partnership was doing well.  The cash flow was good and the properties were appreciating.  The property manager was keeping the houses occupied with Section 8 tenants and checks were deposited regularly.  Then one of the partners passed away.  And his surviving spouse wanted her money. […]

Deepen That Relationship

DEEPEN THAT RELATIONSHIP Investing is more than numbers By Harland Merriam HUGE LIABILITY You and I often have tens of thousands of dollars on the line.  Sometimes even hundreds of thousands, don’t we?  This is what it takes to be investors in multi-family complexes. Someone finds a property, puts it under contract, forms an LLC […]

Landlording – It’s Not What We Think That Matters

LANDLORDING – IT’S NOT WHAT WE THINK THAT MATTERS It was my wife’s thirtieth birthday.  We were driving home through southeast Texas, in Hamilton County.  She was driving when the radar detector lit up and sounded off.  Of course she checked her speed.  She said that she was going the speed limit.  I looked over […]

Multifamily is a Rather Stable Investment

MULTIFAMILY IS A RATHER STABLE INVESTMENT VOLATILITY CAN BE A CHALLENGE Stock prices go up and down, sometimes a whole lot.  They are volatile. A painful example is the 2008 recession and the dramatic dip in stock prices.  Other investment classes also have a lot of volatility — big ups and big downs. Commercial Multifamily […]

Is Real Estate Still An IDEAL Investment?

IS REAL ESTATE STILL AN IDEAL INVESTMENT? Rising interest rates and declining home sales have some people questioning whether or not real estate is still a good investment. One source estimates the number of home sales closed by investors in Q4 2022 dropped 46% from the prior year. Commercial real estate prices are pressured downward […]

A Hedge Against Inflation — Yes or No?

A HEDGE AGAINST INFLATION – YES OR NO? Review of a Forbes Business Council Report We all know inflation is here! Can we find a way to beat inflation? Food, housing, fuel, entertainment, and almost everything else costs more today than it did a year ago.  Rising prices are here to stay, it seems. Can […]

Interest Rates and Multi-Family Pricing

Threat or Opportunity? INTEREST RATES AND MULTI-FAMILY PRICING: Threat or Opportunity? Many people are scared or frightened.  Rising inflation is eating away at their purchasing power.  A $500,000 retirement nest egg doesn’t provide as much as it would have a year ago.  Rising interest rates are pricing new home buyers out of the market; many […]

When Can I Retire?

WHEN CAN I RETIRE? Do your investments match your vision? Many people invest blindly.   They might choose automatic contributions to a 401(k) plan because they get a tax deduction and might get a company match. Some set aside an amount they were told they should invest, like 10-percent of every paycheck. Will they have enough […]

Secrets to Making “Just Right” Investments

SECRETS TO MAKING “JUST RIGHT” INVESTMENTS The “Three Bears Test” Whether we know it or not, you and I are making our investing decisions by using the “Three Bears Test.” You remember the story called “The Three Bears”, don’t you?  It is about a papa bear, a mama bear, and a baby bear.  They had […]

Teaming Up For Success

Lessons from Pickleball and Real Estate Investing TEAMING UP FOR SUCCESS Lessons from Pickleball and Real Estate Investing New Year Resolutions have been made.  People want to start new habits, or get to the gym, etc.  It happens every year.  People start something new and it might last for a few weeks. I’ve also seen […]

Finding a Solid Investment in 2023

FINDING A SOLID INVESTMENT IN 2023 Dwight’s journey from single family to RV parks. Dwight knew real estate was a great investment.  SINGLE-FAMILY HOUSES.  Like many investors, he started with single-family homes.  And he did quite well.  Over the last decade, Dwight bought and held several houses.  He has been able to rent each one, […]

Don’t Set Goals For The New Year

Do These 4 Things First DON’T SET GOALS FOR THE NEW YEAR Do These 4 Things First Setting goals for the new year is common for many people. Unfortunately, many goals fall the way of New Year’s resolutions.  They seemed like a good idea on January 1.  Do you remember what the gyms look like […]

ENJOY THE HOLIDAYS

ENJOY THE HOLIDAYS Kick your feet up.  Enjoy the holidays. We do hope you experience peace and joy as this year draws to a close and you celebrate the holidays with those you love. All the best, Mike and Harland

How To Get More From Your IRA

HOW TO GET MORE FROM YOUR IRA Boosting Returns and Reducing Risk With a 401(k) The IRA is a powerful tool.  Millions of people are using them to invest for their retirement.  They can reduce taxable income now and let your investments grow tax deferred, allowing you to wait and pay taxes later. But there […]

Please Give Us a Call

PLEASE GIVE US A CALL So we can share something when we get it We won’t be able to talk with you about any future opportunity we might have, unless… Unless we have a prior, substantive relationship with you, we can’t talk specifics or give you the option to invest. We would like to, but […]

Grow Your Portfolio Faster

Questions to Consider Before Year End GROW YOUR PORTFOLIO FASTER Questions to Consider Before Year End As we are approaching the end of another year, many of us are asking familiar questions. Have I met my goals for this year? What else do I need to do to get there? Should we be asking another […]

Three Things to be a Passive Investor

THREE THINGS TO BE A PASSIVE INVESTOR Know, Like, and Trust This applies for just about any investment.  It sure helps with your choice of an investment advisor if you have someone invest for you. I even think it applies to purchasing individual stocks, mutual funds, and even making a deposit in a savings account […]

To Roth Or Not To Roth?

TO ROTH OR NOT TO ROTH?   Did The SECURE Act Set A Time Bomb In Your IRA? Updated November 14, 2022 As we approach the end of the year, are you considering making any moves to save money on taxes?  Would you like to save money on taxes in future years? One of the long […]

What Does It Take For Success?

WHAT DOES IT TAKE FOR SUCCESS? Two things! As I write this, the potential payout for the lottery is close to two billion dollars ($2,000,000,000).  Maybe what it takes for success is good luck.  A lot of people must think so.  But do the math and you will see the odds are against them. What […]

Finding Opportunity In Changing Markets

3 Questions To Answer Now FINDING OPPORTUNITY IN CHANGING MARKETS 3 Questions To Answer Now Have you noticed changes in the real estate market recently?  It seems to be in the news every day.  As real estate investors, many are anxious.  So are many people wanting to be homeowners.  Inflation is at a 40-year high […]

A Day in an RV Community

A DAY IN AN RV COMMUNITY Explore this RV Park Investment Niche Come with us to a brand-new Recreational Vehicle Community in Alabama.  We spent a day with the developers, along with about 50 operators and investors. AN “RV COMMUNITY” Notice first, with me, that it is called an RV Community, not an RV Park.  […]

The Power of Compounding Interest

What Would You Do With $1,000,000 Tax-Free? THE POWER OF COMPOUNDING INTEREST What Would You Do With $1,000,000 Tax-Free? How often have you heard someone say, “I’d be a millionaire if I only had …”? It’s as if they had already given up hope. I once had a trigonometry teacher who told us he was […]

IS THERE MONEY IN AN RV PARK?

IS THERE MONEY IN AN RV PARK? Learn about this asset class How would you like to buy a “multi-family” asset for under $40,000 a “door”?  What if each unit on this property rented for $750 a month and had a 50% expense-to-income ratio? And what if, each “unit turn” cost you less than $200? […]

5 Steps To Creating A Disaster Plan For Landlords

5 STEPS TO CREATING A DISASTER PLAN FOR LANDLORDS Last week we were reminded how quickly a disaster can occur.  Hurricane Ian developed from a tropical storm to a Category 5 hurricane in only a few days.  Sure there were projected paths.  But even the projections kept changing.  And the hurricane was projected to decrease […]

How Do You Deal with Uncertainty?

HOW DO YOU DEAL WITH UNCERTAINTY? Four Simple Steps Joe got scared.  It was the winter of 2018.  The stock market dropped almost 20% by Christmas. All of Joe’s retirement savings were invested in stocks and mutual funds.  Joe didn’t know if the value of his holdings would recover or keep going down.  But, he […]

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 […]

Jess Wants to Invest in Real Estate

JESS WANTS TO INVEST IN REAL ESTATE Four Steps for His First Investment I received a call from Jess this weekend.  A very successful mid-level manager in a big company, he is in his late 20s and engaged to be married. Investing in real estate is something he wants to do.  In the long run, […]

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 […]