In today’s volatile economy, many note holders are seriously considering whether or not to sell their private mortgage. So what are the advantages and disadvantages? Let’s start with the disadvantages. Disadvantages of selling a private mortgage: 1. First and most obvious, once you sell your note, your monthly income is gone forever. 2. If you made a significant gain on […]
We keep hearing and seeing advertisements for this thing called “passive income.” Sounds good, right? But there is a big misunderstanding about passive income, what it is and how to get it. The first thing you need to do is learn to distinguish between passive income and leveraged income. Passive income is when you do nothing and the money keeps […]
A hard money loan refers to one type of loan. However, what sets it apart from other types of loans is that it is secured by real estate. In addition, they are considered bridge loans or short-term last resort loans. Basically, they are used in different real estate transactions. Lenders are companies or individuals, not banks. Keep reading to know […]
Once you have a business that you can identify with, you will need to consider what type of business entity you want to be. Choosing the type of business entity that will work best for you can be mind-boggling, but let me try to simplify your decision. You can choose between a sole proprietorship, a limited liability company known as […]
To keep stress at bay, you’ll need to relax, unwind, and hang out with friends. But with restaurant meals, drinks, and movie tickets getting more expensive each year, almost everyone can’t help but be budget-conscious. And with the reality of paying off student loans or credit card debt, forget about taking trips and vacations to exotic places for now. But […]
GIS maps are multi-layered informational maps that provide an overview of land use and cover, elevation and slope, utilities, etc. Geospatial information data is acquired and coordinated for use in the public and private sectors. Science, technology and aesthetics are integrated to generate an informative GIS map. Some of the commonly developed maps are contour maps, utility maps, spatial maps, […]
Too often I see small business owners miss the mark with their marketing. Sure, it’s easy to do when you specialize in a specific industry niche and spend your time wrapped up in industry jargon. However, it’s best to put yourself in your prospect’s shoes and think about your marketing from their perspective, addressing their most important questions. Your customers […]
After Moses Malone made the unprecedented jump from high school to the NBA in 1974, many wondered how he could pass up the opportunity for a free college education. 20 years later, no one questioned the decision he made back in ’74. Twelve-time NBA All Star and three-time MVP, Moses Malone was a superstar when most players were rookies just […]
Let your knowledge of repairing investment properties grow like plants in a garden. Follow my advice and you will be prepared to respond to any problem. This is how I learn new skills: Stick to experts like Glue Always be available to help when handymen or contractors work on the house. Ask questions. Take mental notes of how things work. […]
The Self-Directed IRA allows investors to purchase (i.e., buy and hold/repair and flip) property with tax-free dollars within a traditional IRA and collect rent or flip earnings, tax-free, until realized. distributions at retirement. The Roth IRA allows earnings and rentals to remain tax-free for life. Once Roth IRA distributions are made at retirement, only earnings after distributions are taxed. The […]
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