I originally wrote this post on October 3, 2009, right in the heart of the global financial crisis. Ultimately, I was telling myself to buy more rental property. If there’s one thing I know I will regret 15 years from now, it’s that I did not buy more rental property. When my kids become adults, […]
Note To Self: Buy More Rental Property! Read More »
Recessions tend to hit every 7-10 years. We had a massive recession in 2008-2009. We’ve had another unforeseen recession in 2020. Therefore, let me share some thoughts on buying property ahead of a potential recession. There is a decent probability we will end up in a recession over the next 12-24 months. After aggressive Fed
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Your sphere of influence is what will help propel you to financial independence. Make sure you nourish it. My first understanding of the power of influence came as a 21 year old at 1 New York Plaza, New York City. During a job interview with a sales trader at Goldman Sachs, I remember him telling
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There’s an old saying in real estate, “Money is made on the purchase, not on the sale.” In this post, I’ll explain what money is made on the purchase means and why it’s so true. Getting a great deal on a real estate purchase is very important. And there are so many things we can
In Real Estate, Money Is Made On The Purchase, Not On The Sale Read More »
My latest mortgage refinance based on relationship pricing was one of the most frustrating refinance experiences ever. Relationship pricing should help you get a lower mortgage rate. However, you may have to jump through more hoops than you want. It is very hard to get a mortgage nowadays given stringent underwriting criteria. You can hear
The Difficulties Of Relationship Pricing When Refinancing A Mortgage Read More »
Are you wondering when to sell an investment property? If so, you’ve come to the right place. I have owned investment properties since 2003 and I’ve also sold two investment properties before – one in 2017 and another in March 2025. Currently I still own four investment properties and will consider selling another in the
When To Sell An Investment Property: Every Indicator To Consider Read More »
Ever wonder what it’s like living in a multi-million dollar mega-mansion? Well, you’re in luck! I got to stay for a week in an $18 million mega-mansion for vacation and it was a wonderful experience. Dreaming is the best since it’s fun and free to do. At least once a month, I dream that I
What It’s Like Living In An $18 Million Mega-Mansion Read More »
After a home sale, you will hopefully be flush with cash. However, reinvesting proceeds after a home sale is important if you want to keep up or beat inflation. Therefore, here are some investment ideas to consider after selling your property. Thanks to inflation, you need at least a $3 million net worth to be
Ideas For Reinvesting Proceeds After A Home Sale Read More »
I’m on record saying that buying a vacation property is a suboptimal investment. But that’s also because I bought a vacation property in 2007, right before the market really took a dive. This post will discuss the only time you should consider buying a vacation property if you insist on not taking my advice. Perhaps
The Only Time You Should Consider Buying A Vacation Property Read More »
In the great debate between real estate versus stocks, I give a slight nod towards real estate. When I was young, I wanted real estate because having it felt like I had arrived. Now that I’m middle-aged, I want real estate so I can provide a stable environment for my family. After taking over 500
Real Estate Is A Hedge Against Many Bad Things In Life Read More »
