Real Estate Investing for Dummies? No Thanks!

If you’re looking for Real Estate Investing for Dummies, it is available on Amazon. But, if you ask me if I’d like to learn about something where the authors think you’re a dummy and tell you that in the title… I’d personally say, “no thanks!” I think you’re smart and I think you’d like to learn about real estate investing. So, I will provide you with with hundreds of hours of some of the best training materials on how to invest in real estate… from someone who respects and appreciates that you’re an intelligent human-being… but a human-being that just … Read more

The Ultimate Guide to the BRRRR Strategy

The BRRR strategy is the real estate investing strategy of buying a property, rehabing it, renting it and refinancing it. When you repeat this process, we had an addition “R” to the end making it the Buy, Rehab, Rent, Refi, Repeat (BRRRR) strategy. Class Recording: The Ultimate Guide to the BRRRR Strategy On October 16, 2019 I taught a live class called The Ultimate Guide to the Buy, Rehab, Refi, Rent and Repeat (BRRRR) Strategy to the Northern Colorado Real Estate Investor Group. The video is posted below. The following is my outline for the class: What is BRRR? Back … Read more

The Most Amazing Financial Independence Book Ever Written?

RE: How to Achieve Financial Independence and Live Your Passion Regardless of Age or Income You’ve never read a book like this. It is the most profound, detailed, and exciting book on how to achieve financial independence… ever written. Bold claims, I know, but you don’t have to take my word for it. You can download it for free today and see for yourself! Download Your Free Copy! A Gift From Father to Son This book began as a gift to my eldest upon his college graduation. Between graduating college with a degree in software engineering and starting his first … Read more

The Ultimate Guide to Low Ball Offers for Real Estate Investors

If you’re interested in learning more about low ball offers then you’ve found the right place with The Ultimate Guide to Low Ball Offers for Real Estate Investors. Wondering how to make an offer on a house as a real estate investor? Should make an offer lower than the price that is listed in the MLS? After you read this guide you will be better prepared to answer that question than 99.9% of all buyers ever. I can say this with confidence because I will be sharing with you real-world, hard data on low ball offers. Both data in aggregate … Read more

The Ultimate Guide to Gross Operating Income for Rental Properties

Want to learn more about Gross Operating Income? Check out The Ultimate Guide to Gross Operating Income for Rental Properties where we will start with the basics and dig into more advanced and nuanced discussions. Gross Operating Income = Gross Potential Income – Vacancy Gross Operating Income, often abbreviated GOI, is the Gross Potential Income that a property could generate minus the Vacancy on the property. Gross Potential Income is the most you could possibly receive on the rental property if you collected all the income generated on the property. It is defined as: Gross Potential Income = Rent + … Read more

The Ultimate Guide to Net Operating Income

If you’re looking to learn more about Net Operating Income (also abbreviated as NOI) then check out our Ultimate Guide to Net Operating Income. Net Operating Income = Gross Operating Income – Operating Expenses NOI is defined as the Gross Operating Income minus Operating Expenses. Calculating Net Operating Income The following walks you through how to calculate NOI on rental properties. I will be adding to this page in the future: Show where NOI is located on spreadsheet and walk through the calculation of it using the spreadsheet and images Show REFP charts of Net Operating Income for buying one … Read more

Real Estate Investing Rules of Thumb

1% Rule, 2% Rule, 3% Rule, 4% Rule, Rule of 72, Rule of 144, and many more… if you’re interested in learning more about all the different real estate investing rules of thumb, then you’ve found the right place. Below is a list of each rule of thumb along with a very brief description of what the rule is and how it is used. 1% Rule The 1% Rule suggests that a rental property should have monthly rent that exceeds 1% of the purchase price. 1% of Purchase Price = Monthly Rent For example, if you’re buying a duplex for … Read more

Financial Mindset and Overcoming Fear Investing in Real Estate

Mastering the Financial Mindset for Real Estate Success Investing in real estate and buying rental properties can be a formidable path to financial freedom and wealth building. However, it’s not just about having the capital or the knowledge; it’s equally about fostering the right financial mindset and overcoming the fear that inevitably comes with such significant decisions. Let’s dive into how you can navigate these challenges and set yourself up for success. Understanding the Financial Mindset The journey to becoming a successful real estate investor begins in the mind. Here’s how to cultivate a mindset that breeds success: Embrace Learning: … Read more

Bookkeeping and Accounting for Real Estate Investors – 2019 Edition

Real Estate Bookkeeping Spreadsheet - Year Summary

Bookkeeping Spreadsheet Download In May, 2020 Brian made some small tweaks to the spreadsheet. This is the most recent version of the bookkeeping and accounting spreadsheet: Download Bookkeeping Spreadsheet Essential Bookkeeping and Accounting for Real Estate Investors As a real estate investor with rental properties, managing your finances effectively is crucial to maximizing your investments and ensuring long-term success. Here’s a comprehensive guide on bookkeeping and accounting essentials tailored for you. Understanding the Basics Bookkeeping and accounting are the backbone of any successful real estate investment strategy. While bookkeeping involves recording daily financial transactions, accounting is the process of summarizing, … Read more

How to Get the Best Property Manager to Work for You

Investing in real estate is a significant step towards building wealth, but it comes with the responsibility of managing your properties effectively. That’s where a property manager steps in, taking the load off your shoulders and ensuring your investment thrives. However, not all managers are created equal. Let’s explore how you can secure the services of the best property manager to work for you, ensuring your peace of mind and the prosperity of your real estate investments. Understand Your Needs Before embarking on your quest for the perfect property manager, it’s crucial to understand your own needs. Different properties and … Read more