Implementing profit first in your real estate business is an exceptional strategy developed by Mike Michalowicz that ensures money is allocated properly and that the business owner is paid. Read more to learn why prioritizing profit above sales and expenses is a smart business move.
Setting up your real estate venture as a business is a smart move that will lay the foundation for success. If you are not sure where to start, review this post to discover the six essential steps that should be taken in order to set the proper groundwork for your real estate business.
If you're interested in becoming a real estate investor, you will want to be prepared for the initial costs that will incur when you begin your journey. To give you an idea of what to expect, we discuss 5 typical start-up costs that can occur with $40-$50k range investment properties.
Choosing a legal entity for your real estate investing business is based on your specific situation, but in general, I personally prefer creating an LLC to limit my liabilities and protect my personal assets. Read more about the benefits of establishing a legal entity when dealing with property investments.
Purchasing rental properties out of state can seem a bit scary, but with the proper strategies in place, your real estate business will run smoothly and bring in the passive income you desire. Read more to learn what 7 essential steps should be taken in order to successfully invest out of state.
Are you looking for direction on how to create cash flow through property investments, if so, you will want to read our ultimate guide to creating passive income through real estate. Our guide will put you on the fast track to becoming an experienced real estate investor and have you building wealth in no time. Get ready to succeed!
Properly organizing your rental property documents is imperative, and backing them up in the cloud is essential! If you're new to the game, you will quickly learn that there are many documents that you retain in regards to your investments, and you may need one at a moments notice! Read more to gain insight into the importance of filing investment documents in an organized and safe manner.