Unless you’re a cash buyer, good fi­nancing is absolutely essential to earning big profits.  If you can’t offer decent financing when you decide to sell, you’ll end up making concessions to the buyer, which will greatly reduce your potential profits.… Continue reading →

When I buy an income property for $40,000 less than its true market value using my investment knowledge, how much tax do you suppose I’ll have to pay on the $40,000 I’ve just earned using my buying skills?  Don’t take… Continue reading →

EARN THE BIG BUCKS

Working for yourself is different! To start with, the more effort you put out, the more you’ll benefit yourself. Think about that for a moment. Usually it doesn’t work that way. When you are an employee,… Continue reading →

AIN’T LIFE GRAND?

One of my most valuable accomplish­ments during the rough and tumble years of buying and fixing houses has been the carry back notes I’ve created for myself each time I’ve sold a property. This includes my 50… Continue reading →

There are some folks who believe that fixing rundown houses is a job that only experienced carpenters or contractors can do.  Nothing could be further from the truth.  Almost anyone can do this job.  In the final analysis, it matters… Continue reading →

One of the most rewarding parts of investing in income-producing real estate comes when you sell the property and finance the sale yourself.  This is called seller financing or taking back a mortgage.  It’s what almost every “get rich”… Continue reading →

At a recent radio talk show interview I was asked, “What particular technique or special skill has made you the most money during your long and obviously successful real estate investing career?” My simple single word answer, as always, seemed… Continue reading →

My earnings come from rents! The government calls it passive income, but it’s much different from salaries and wages! To begin with, almost all my expenses are what accountants call “above the line deductions”. That means my expenses are all… Continue reading →

One of the few advantages of getting older, besides hopefully getting richer, is that you can look back over a longer stretch of time and see exactly what you should have done to begin with. Hindsight is a marvelous educator.… Continue reading →

A friend of mine makes $3400 extra every month from his rental houses. I’m  talking cash money here — The kind that’s left to spend after all the expenses I are paid. That also includes the monthly payments on Ricky’s… Continue reading →