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The most important thing we can do to improve our income, net worth, and our lifestyle is to do things today that will result in additional income in the future. Indeed, fortunes are being made by those who recognize needs when they exist--and then go about finding ways to...
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Most rental residents treat their dwellings like renters, not home buyers. That's because rental residents "think" like they are renters, in almost all cases. However, I've found it is to the landlord's advantage if tenants think like "future home buyers."
Residents who...
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Answering machines, ugh. The worst part about calling sellers on the phone is that more often then not, there's nobody there to answer the darn thing and we're left dealing with their answering machines. Hmmmmmm.
It occurred to me one day that I ought to figure out a way...
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It happens all the time. I'm driving down a road I haven't been on in months, turn the corner and BOOM. There it is--a vacant house. Hmmmmm....this could be interesting, but I'll need to do a little checking before getting my hopes up.
My first stop is the tax assessor's...
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With the continuing changes in tax legislation, came a benefit for IRA contributions: The non-working spousal limit of $250 was raised to $2,000. Although an additional annual contribution of $2,000 doesn't appear to be much, it works out to a very large amount over time...
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As the saying goes, "Happiness is a positive cash flow." Empty rental units do not produce positive cash flows. What vacancies do produce are sleepless nights, gray hairs, and negative cash flows. Since no one I know invests in real estate for these reasons, you need to have...
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