Last week we discussed why you never want to have a tax refund, which is an interest free loan to the government. But the best laid plans often get off track and you may still end up with a large tax refund. If you do, take this opportunity to do something great in your life … Read more
People often complain that their tax refund is smaller this year than last year. A smaller tax refund is not something to complain about, it’s a win! You don’t ever want to have a tax refund. Any time you get a tax refund, it means you made an interest free loan to the government. Why … Read more
A happy reader of The Doctors Guide to Real Estate Investing for Busy Professionals recently wrote me and asked a question regarding the value of his recent real estate investment purchase. I stated in the book to use the property’s cash flow as the main factor in deciding if an investment was worth making. After … Read more
In my recent book, The Doctors Guide to Real Estate Investing for Busy Professionals, I give a detailed explanation about how I was able to buy investment property with no money down. Questions came up about what is the optimum down payment for an investment property. Since my goal in acquiring property was to put it into my portfolio for the least acquisition cost, I didn’t calculate its optimal down … Read more
It’s a Business There are huge tax advantages to owning a business, and doctors today are losing those advantages as medicine transitions to an employment model. By starting a real estate business, you can get back some of those lost advantages that employees do not enjoy. Owning a single rental property means you have a … Read more
(Those of you who were holding out for the Kindle version of my new book, The Doctors Guide to Real Estate Investing for Busy Professionals, are in luck as it is now available on Amazon.) This week my wife and I celebrated our 31st wedding anniversary. It made me think about how my life has … Read more
Tomorrow, Friday October 11th, the next book in my Doctors Guide series becomes available on Amazon. If you have wanted to get into real estate investing, but think you are too busy, think again. I spell out how I was able to be the manager of 64 rental units at the same time as I … Read more
There is a big misconception about real estate investing that is picking up steam. It is the idea that if you want to invest in real estate, you have to deal with all the aspects of managing the property. If the toilet is plugged, you have to fix it. If the roof leaks, you have … Read more
I read a Facebook post asking what people were doing about the recent market drop. As much as I watch the market (very rarely), I didn’t know the market had dropped until I read that comment. This question was raised on a site that is constantly teaching people that there is no way to time … Read more
I am often asked the question, “Is it better to pay down debt or invest?” It is uncanny how often this question comes up. This question is asked as if those were the only two options to choose from. I never hear, “Should I go on a three week trip to Paris or invest?” “Should … Read more
