REI Fundamentals
Whether you're pre- first deal or a seasoned professional, explore the foundational knowledge upon which real estate investment success is built.
Back To: All Topics | Operations
REI Fundamentals
Whether you're pre- first deal or a seasoned professional, explore the foundational knowledge upon which real estate investment success is built.
Back To: All Topics | Operations
Fred and Tom were two young entrepreneurs who had just partnered to start a business. Unfortunately, they were struggling because they didn’t know their numbers, and they weren’t adjusting their business accordingly. “I don’t know what’s wrong,” said Fred, looking despondently at Tom. “We’ve been working hard to make this ...
3 Ways to Reduce Capital Gains Tax on Rental Properties
Similar to stocks, rental properties are viewed as capital assets. So, when you sell them and earn a profit, you must pay capital gains tax on the money you’ve earned. You can calculate your profit by subtracting the amount you paid for the property (plus any costs for renovations or ...
Property Manager Due Diligence
Property managers (PM) are not typically considered an essential piece of your real estate investment team—unless you live out of state. Honestly, if you buy a local property there are a lot of compelling reasons you shouldn’t have a PM. The biggest reason people opt out of having a PM ...
How to Leverage Social Media to Promote Rental Properties
The best business advice you’ll ever get is to market where your audience is. With 70% of American adults on social media, according to the Pew Research Center, it’s a prime channel for advertising many products and services. To get your rental properties in front of your target audience, take ...
Empathy seems like an overused term lately. It conjures up visions of corporate mission statements that use the word empathy but in practice no one who works at the company or does business with it feels anything but empathy, compassion, or customer service. Some corporations have even adopted slogans like ...
Time management for businessmen: 3 hacks that will gift you more hours in a day
Busy people know how hard it might be to find some more hours in a day to do more – thanks to neuroscience and psychology we now know many interesting hacks and tips that you can use to expand your possibilities and give yourself some more time on important things ...
According to an old Chinese proverb, “The best time to plant a tree was 20 years ago. The second-best time is now.” This is true about so many things in life, especially investing in real estate. In a changing market, however, many people might challenge that advice. Like the seasons, ...
Maximize Profit and Minimize Taxes with Real Estate Investing
Andrew Carnegie is famous in many circles, but one of his quotes stands out: “Ninety percent of all millionaires become so through owning real estate.” Although there are several real estate investment strategies, most novice investors start with a rental home, often their own or the other half of their ...
7 Challenges You Can Face While Selling Your House
Selling a house is an emotionally and mentally taxing process. As a homeowner, you develop a lot of emotional ties to your house. The current state of the market, along with any desire to be rid of the property, may leave a seller vulnerable to lowball offers. Another possibility for ...
When it comes to running a successful business, there are certain hallmarks that appear in nearly every entrepreneurial operation. It’s no different for real estate investing and financial ventures. Leveraging these key strategies can enable investors to optimize and accelerate their success. Each of the following “keys” may be applied ...
3 Quick Tips for Becoming a Smart Investor
There’s no doubt that beginning as a real estate investor is invigorating. When market conditions are right, you can stumble backward over huge opportunities. Even though owning your own real estate business is a lot of work and there is definitely risk—perhaps more than you’ve ever taken on in any ...
What Is Your Entrepreneur Community or Tribe?
“Entrepreneurship is not only a mindset but a skillset.” —Michael Kapor In a recent article entitled “8 Entrepreneurship Trends You Need to Know (2022-2024),” Josh Howarth notes the rise of entrepreneurial communities. One example he offers is the site Indie Hackers, which supports entrepreneurs building online projects to generate revenue ...
“Entrepreneurship” has become nothing more than a buzzword. It is laden on the lips and social posts of young “hungry-for-success” influencers. The word used to convey the ideology of daring innovation and spectacular risk, but social media has overused the word to the point we rarely take notice of those ...
SOPs Are the Key to Business Success
Is your business set up for success? Or is it doomed for failure? Multiple factors will decide the ultimate outcome, but one of biggest—if not the biggest—determining factors is the SOPs you have in place. What Are SOPs? SOPS are standard operating procedures. SOPs provide documentation, in writing, for how ...
Why a Slowing Market Can Present New Opportunities for Investors
High interest rates. Low inventory. Declining refinance activity. Increasing foreclosures. Rarely, at least in recent memory, has there been such a challenging confluence of factors creating so much uncertainty in the real estate market. Still, there are some distinct messages in the tea leaves that industry professionals can use to ...
Starting a new business can be a rewarding endeavor, but one that comes with a unique set of challenges. Well before your grand opening or new product launch, you will need to make many decisions and address several challenges. One of those challenges is securing an appropriate facility from which ...
Getting Started as a Real Estate Investor
The current real estate market is on fire with unprecedented appreciation, and even small-town America is seeing major climbs in house values. The hot market has also hit the public’s radar, and many people are seeking information on how to begin their own real estate investing journey. You might be ...
A 12-Step Program for Entrepreneurs
So, you want to become an entrepreneur in the real estate industry? Get ready for the ride. Your idea for your business is just the beginning. You must find a business model for carrying out your idea. You must build a plan and processes. And, importantly, you must have strong ...
How to Thrive in Turbulent Markets
Inflation. War. Recession. Market crashes. Interest rate hikes. These are just some of the headlines we’ve seen during the last few months. Many people are scared and don’t know what to do. During these times, it helps to pause, observe, plan, act, and adjust. Pause So many things play at ...
7 Common Mistakes That Can Hurt Your Small Business
Running a small business is one of the most challenging—and rewarding—things an entrepreneur can do. Even if you line up great investors, assemble a five-star staff, locate your home office in one of the best places to start a company, and have a killer idea, the odds for success are ...
Getting the Most Out of Your Network
You’ve probably heard the phrase, “it isn’t what you know, but who you know.” Developing connections is the cornerstone of any successful business. Effective networking provides the opportunity to learn from the experiences of others, promote your brand, and build new clientele. Networking that leads to opportunity is born out ...
4 Key Questions for Rapid Growth with Cole Taylor
00:31:59 |Want to find rapid growth in every are of your life and business? These 4 questions will both provide the path and set the pace for that growth. Other Replays for this Event ...
Buying a Home at Auction? These Tips Will Help You Prepare Yourself.
Buying at auction can be a lucrative mode of acquiring a home, but it can also be an overwhelming experience for first-time buyers. House auctions are not as scary or complicated as they look. Even though real estate auctions are confusing, they give a quicker result. Auctions may be exciting, ...
Revolutionary or Evolutionary?
There are usually two strategies when it comes to growing a sales team: hire experienced talent or grow new talent. But there’s another way of thinking about your sales team: It should really be a revolutionary or evolutionary strategy. You’re captivated, right? Well, hold on to your seat! We are ...
Designing Your Entrepreneurial Life
You invest time into the design of your real estate properties, but what about the design of your business, and your life as an entrepreneur? How much time and care do you put into the systems that promote your development—and eventually determine your success? As with anything in life, there ...
