(Today’s guest post come from Dr. Jordan Frey) On May 1, 2020, I couldn’t have told you what cash-on-cash or cap rate meant. I definitely would not call myself a real estate investor nor tell you that I harbored the slightest inkling that I would become one. Yet, here I am writing this post just … Read more
I recently was part of a conversation on social media in which the following question was posed: Watching the past couple days of red in the S&P 500 is a little scary, and I am wondering what percent of people have sold vs. staying the course? Of course, many people chimed in with their comments, … Read more
Retirement account required minimum distributions (RMDs) can be a tax burden for those in their retirement years. But thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020, we can declare our independence from the RMDs for 2020 and save a ton of money. RMDs are in place to be sure the … Read more
Last week I explained some of the rules and tax smart tips you need for hiring your children to work with you in your business. As I discussed on page 32 of my book The Doctors Guide to Real Estate Investing for Busy Professionals, you should be hiring your children to work in a business … Read more
(Keep an eye out for my new book The Doctors Guide to Navigating a Financial Crisis, coming soon) Last Monday my talk on The Leverage and Growth Virtual Summit for Physicians was made available. My discussion is on how I got started in real estate investing, which now produces enough cash flow to fund my … Read more
Whenever the stock market drops, even a tiny bit, everyone goes crazy. The news headlines always state a reason for the drop, whether their reason was the culprit or not. They imply one specific thing that happened in the world is responsible for the downturn. “Crisis on Wall Street as Lehman Totters,” “Worry about oil … Read more
People frequently send me emails about suggestions for a blog post. I just had a request to chime in on what I thought might happen in the real estate investing world given our current national emergency. We all realize I can’t predict the future, but I have been around long enough to experience tough times … Read more
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
