The last and possibly most important of the “Next” Ten commandments is to look at the BIG picture. What this means to us as investors is that we need the ability to step back from the daily fluctuations, hassles, and difficulties to think about our long-term goals...
In the world of finance and investing, the single greatest enemy that most people will face is themselves. The reason for this is because even seasoned investors can fall prey to making emotional decisions. The danger is that emotional decisions are very seldom...
It is well known that taxes are the single largest expense that many people have in their lives. In many cases, this will even exceed the amount that is paid for the mortgage on our homes. As such, intelligently reducing our tax burden to the practical minimum...
One of the things that people frequently say in criticism of income property investing is that real estate is highly fragmented. This fragmentation makes it difficult to effectively manage a large portfolio of properties, and creates terminal headaches for investors....
One of the traps that many new investors fall into is rushing to buy, and purchasing investments of marginal quality. Frequently, this also involves partnering with people of marginal quality to find the deals. The unfortunate part of all this is that it is...
