[My Investor & Entrepreneur Profile Series features big ideas, questions, and answers from fellow entrepreneurs and investors. I hope you find these people as fun, interesting, and helpful as I have.] This article features Dr. Louis Stone, who after my parents has been my most important mentor in business and life. Dr. Stone has been an entrepreneur, a [Continue Reading]
How to Get Started in Real Estate on a Shoestring Budget
You can pretty much divide the business universe into two different worlds: Big corporate businesses Small, lifestyle businesses Most of the business advice in books and in graduate schools is targeted towards #1 – big corporate models. As you may know, I lean heavily towards #2 – a small lifestyle business. A partner and I run [Continue Reading]
Why More Real Estate Deals Don’t Fall Into Your Lap
Have you heard the latest news? People are doing lots of deals! Investors are making money again! So isn’t it time for you to get more deals too? Maybe you’ve tried. You’ve followed the MLS daily. You’ve sent out direct mail. You’ve made your business card. You’ve built your team. Why don’t those good deals [Continue Reading]
22 years to $1.6 Million in Your IRA –
A Conservative Path
In a recent article, I wrote about the Power of Compounding Tax Free in your self-directed IRA account. I showed how savings can grow much faster inside vs outside your IRA (see graph below). But even if you like the idea of tax free IRA investing in real estate, you might wonder how it works [Continue Reading]
What is Your Crossover Point
to Financial Independence?
Just because you’re reading this article, I know you likely have dreams and aspirations that motivate your financial game plan. Maybe you just want a long break (a mini-retirement or permanent retirement) from the grind that has become your life. Maybe you want to switch careers to something more fun and fulfilling (even if the [Continue Reading]
4 Big Real Estate Mistakes to Avoid
My 10 years in the real estate business have been action-packed but relatively short from a long-term perspective. Time and wisdom teach us how to avoid the biggest mistakes. That’s why I love to absorb wisdom and stories from those who’ve been around longer than I have. One of my favorite old-school real estate teachers [Continue Reading]