A few years ago, I sold all of my multifamily properties as well as a few of my single-family turnkey properties. As I was getting ready to sell, I contacted Nate Busch, my CPA, and asked him how I could avoid the capital gains taxes on these assets. The market had done very well – […]
I recently re-read Rich Dad Poor Dad, one of the top-selling personal finance books of all time and probably the one book that most real estate investors have credited with kickstarting their journey. Ironically, most of the book doesn’t discuss how to make money in real estate. However, most devotees do acknowledge that this book […]
As a limited partner, you’ve heard the term “value-add” a few times by now. It’s probably the most overused term in multifamily investing today. If a property was built prior to 2020, there’s a good chance that the sponsor will label it as a value-add. But is it really though? That term references the incoming […]
Do you enjoy making money? For yourself? For your family? For philanthropic organizations? Do you understand risk? Are you intrigued by real estate? Enjoy learning, especially from others of like-mind? Do you long to ditch your W-2 or crave options to do what you want/when you want? In other words, are you searching for financial […]
“Time is money.” – Benjamin Franklin “Time is MORE valuable than money. You can get more money, but you can’t get MORE time.” – Jim Rohn Most of us don’t go to school to make time, we go to make money, right? In dental school and residency, I can’t ever recall saying, “I can’t wait […]
“Inflation is taxation without representation” – Milton Friedman “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” – Ronald Reagan As a long-standing Executive Member of Costco, I have always marveled at two things. One, how have they been able to sell a […]
Financial advisors have long touted the 60/40 portfolio as the silver bullet to managing retirees’ portfolios. By investing 60% of investable assets in stocks and 40% in bonds, historically, this portfolio construction has achieved diversification, volatility reduction, and solid appreciation. The ultimate goal, of course, is ensuring said portfolio will provide for an enjoyable lifestyle, […]
You hear the phrase “Cash is king” quite a bit in the finance world. I don’t agree – whether you are concerned about inflation or not, having your money in cash is not the most efficient use of your capital. I prefer “Cash flow is king”. That is why I buy real assets that produce reliable cash […]
Real Estate Investment Trusts (i.e. REITs) are among the best passive income vehicles due to their income tax exempt status and the requirement that they pass on at least 90% of their taxable income to shareholders. Due to their significantly reduced tax burden combined with the mandated high payout ratio, Real Estate Investment Trusts tend […]
The cash flow metrics of multifamily syndications are usually the ones that get the most attention from passive investors. In my first syndication investments, I rarely looked at any of the other numbers as long as I knew, liked, and trusted the sponsor and vetted the location of the asset. In the Left Field Investor’s […]