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Month: June 2019

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6 Habits That Help The Real Estate Investor Grow Their Wealth
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6 Habits That Help The Real Estate Investor Grow Their Wealth

As a real estate investor, you are probably always focused on the current deal you are working, working fast to complete a flip or get tenants into your new rental property. And probably, before that project is wrapped up, you are focused on looking for the next one. It’s a great plan, keep moving, keep growing, and wealth will come, right?

It IS a great plan. But, the successful real estate investor is also taking the time to use smart money management practices and tools, to maximize their financial clout.

The very first item on our list is using and sticking to a budget. In any flip or investment property, the budget is vital. Know going in approximately how much your rehab will cost. Of course, there needs to be some fluidity to the budget, but keep a record of expenses, and get granular about it. Not just $946 spent at Home Depot, but what was that for? How much went into bathroom upgrades and how much was spent on lighting? Keeping track of these numbers will help you become better at estimating costs upfront and will therefore make your future investments leaner and better

Dads, you all rock! Real Estate Investor Dads, you’ve GOT THIS!
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Dads, you all rock! Real Estate Investor Dads, you’ve GOT THIS!

There are all types of dads out there. There are hard-working dads and fun-loving dads. There are firefighter dads, military dads, office job dads, and construction worker dads. They all deserve a big cheer and thank you for all they do on Father’s Day this year! It’s a tough job being dad!

These days, more so than in times past, the role of “dad” is more flexible. Before this century, it was rare to find a dad that wasn’t a primary wage earner of the family and very likely the only wage earner. Many dads of past generations were not near as hands-on as our current crop of fathers. Today it is totally expected for dads to change diapers, warm bottles, and bathe kids. This was not the case a few generations past We probably all know a stay-at-home dad as well as a works-all-the-time dad. So, what exactly makes a man a good dad?

Real Estate Investing and –  The generally “unwanted” gift
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Real Estate Investing and – The generally “unwanted” gift

We have all heard the term “white elephant”. Many recognize the term in connection to a holiday game where everyone brings a funny, weird, or generally “unwanted” gift and then, through drawing names, everyone chooses one, trades back and forth, etc. until everyone ends up stuck with a funny or strange item to keep.

The idea behind this game is very directly related to the term “white elephant” when it is used in the course of real estate transactions. It’s an important term for investors to be well aware of and paying attention to.

What an investor should look for when it comes to the roof of a property.
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What an investor should look for when it comes to the roof of a property.

Recently, Nick Sicilian met up with Mike from CMC Roofing in Dallas/Ft. Worth. Mike shared some valuable tips as to what an investor should look for when it comes to the roof of a property.

There are instances when an investor will not have easy access to the roof of a property he is considering for investment. This might be because it is a 2-story dwelling or many other reasons.