Funny how quickly the mood pivots on Wall Street. In the middle of February, the Dow Jones Industrial Average hit a record high of 29,568. As I write this 16 days later, the Coronavirus has infected the global economy sending traders scurrying for cover in safe havens such as cash, government bonds, and gold. Now […]
They All Laughed When I Bought An Income Property While the Nasdaq Was Hitting An All-Time High.
Here’s How It Played Out 19 years later. Recently the Nasdaq hit a major milestone. It broke through the 9000 barrier. This got me thinking about my oldest house hack. A duplex I purchased in April of 2000 just as the dot-com bubble was about to burst. Let’s compare the return on my sticks and […]
What Kurt Vonnegut and Joseph Heller Taught Me About Real Estate.
“The government paid [Major Major’s father] well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn’t earn on new land to increase the amount of alfalfa he did not produce. Major Major’s father worked […]
Flash Tip: Tenant Proofing Your Entry Door Locks.
Last week I met with my Locksmith to re-key some locks at one of the properties. As I was hanging a lockbox (so the tenants could get their new keys later), I realized this would be a nice tip for the readers that are self-managing their properties. Ditch the push button lock on your main […]
3 Ways I Turbocharged My Savings Employing Real Estate Debt and Some Behavioral Economic Hacks
I have a confession to make. I’m terrible at saving money. For years I would set aside a percentage of my income only to pull the savings out for what I considered an emergency. While some of the funds went to actual emergencies like car repairs or making payroll for my business, the majority of […]