If you’ve been in the real estate investing world long enough you may have dabbled with the idea of getting on the other side of the table and being a private money lender. After all, when you started out in the real estate world, chances are you were trying to utilize friends and family’s cash [...]
As the daughter of entrepreneurs, I regularly tagged along as my mom made daily cash deposits into their accounts. I pictured the teller taking that hard-earned cash and tucking it safely away into the vault. Little did I know that wasn’t exactly where the money was stored. Not only was it not in that vault, [...]
What if you could take the role of banker in your real estate investing? Imagine not only earning returns from your investments, but also owning the system that lends you the capital for your investments. By changing where you send your money first, you can control the environment of your investing and create a perpetual [...]
As it stands, the average household in the United States carries a debt of $137,000, which is a staggering amount. The median debt in 2000 was only $51,000, for context. Here in the American culture, we’re taught to finance our cars and our homes. Then, we’re told to get a few credit cards - because [...]
What would change in your real estate investing business if you didn’t have to pay the 7-12% interest and points to a lender? What would change in your financial life if you never had to borrow from a bank again, but could borrow from yourself, and pay yourself back with interest, and do it over [...]
Einstein reportedly said that “compounding interest is the Eighth Wonder of the World. He who understands it, earns it. He who doesn’t, pays it.” Whether this quote actually came from him is irrelevant when we look at the truth behind the statement. First let’s review how compound interest works, then the negative and positive applications. [...]