Middle Class Millionaires

RSS Feed Homepage

Articles: 1, 2, 3

The Difference Between Success and Failure in Real Estate
2009-12-05 01:42:00
Everybody wants to know the secret. “Now that I’ve taken the plunge and bought some investment real estate, how can I make sure it is a success?” The answer really has two parts. 
More About: Estate , Real Estate , Success , Failure , Real

A world of financial Information is at your finger tips
2009-11-20 07:30:00
There is a decided upswing in the desire of the American public to gain financial education. The deceit and dishonesty of too many financial companies has left people with a distrust of supposed “experts” and a desire to understand their personal situation and options. To facilitate this ever increasing demand, a huge number of internet site have sprung up to provide access to tools and programs for interested individuals.
More About: Information , World , Tips , Financial

Don’t Believe Everything You Read
2009-10-29 23:58:00
The internet is the greatest mass communication and information distribution tool the world has ever known. Better than telegraph. Better than telephone. Even better than “tell-my-wife.” (I will deny having said that if you ever bring it up.) Even though the web is remarkable in its ability to dispense data, it is horrible at telling whether its offerings are truth or whether they are absolute buffalo biscuits. SO why is this important? Because people in business are very quick to quote web data as accurate, when in fact it often is not.
More About: Read

Clarifying Sale-Leasebacks
2009-10-24 00:26:00
While possibly the most common form of sale-leaseback uses real property, other assets can be utilized in this technique to maximize benefits for the parties involved as well. This process is often used by individuals who are also business owners. The process, if used properly, will allow a fully depreciated asset to be depreciated again by the new owner, who in turn leases the asset back to the business for ongoing use and to produce a revenue stream to the new owner. If done by the business owner, the owner of the business can continue to produce benefits for themselves in their personal wealth development and financial security while enhancing their business.
More About: Sale

Sale Leaseback? Here’s How and Why
2009-10-22 07:36:00
A sale-leaseback is a tool often used by real estate owners to gain access to the equity of their property without losing the functional use of the space. The process is as simple as it would seem from the name. A property of any type is sold and then leased back by the seller from the buyer (new owner) for their ongoing use. Most commonly this type of transaction will include both the sale and the lease back in the initial documentation. It is important to remember that the right to use the property will remain with the seller/lease holder as per the documented agreement.
More About: Sale

Save a Ton by Paying More
2009-10-14 03:10:00
There are as many opinions on how to get out of debt as there are people selling ebooks, debt counseling services and get-out-of-debt coaching programs on late night TV. The fact is that if you have a little discipline and understand basic financial principles, you can get out of debt yourself, and quickly. Here’s something you may find interesting that will help you decide which debt to payoff first, and why.
More About: Save

An Inheritance of Debt
2009-10-10 02:06:00
Unfortunately, many people who have lost a loved one soon find that the deceased had accrued substantial debt. Survivors are often then left with the challenges of dealing with this debt both ethically and legally. While the moral issue is something that should be understood, the legal obligation is what concerns most people. The most common question asked is “Do I owe the debt of a deceased family member?” The answer may surprise you.
More About: Debt , Inheritance

Consider This When it Comes Time to Collect Social Security
2009-10-07 06:25:00
In today’s economic climate it has become increasingly difficult for many Americans to make ends meet. Particularly for those who are at, or nearing, retirement. Even if things are going OK for you and your family, if it is almost time for your retirement, you need to understand your options for maximizing your Social Security benefits. Unfortunately most people just sign up to receive their Social Security benefits without considering viable options for increasing their overall benefit stream. Here’s a little-known way to boost your benefits.
More About: Time

7 Ways to Reduce Your Taxes This Year
2009-09-30 06:40:00
There are many tools and techniques used to assist individuals in reducing their tax liability. Many of these techniques are confusing, difficult to apply or are questionable regarding their functionality. If you are interested in simple tried and true actions that are easy and effective in reducing tax liability for this year, here are seven that you should consider. 
More About: Taxes , Reduce

Your Home is Not the Best Investment You’ll Ever Make.
2009-09-26 04:56:00
I just laugh when people say “Your home is the best investment you’ll ever make.” The fact is that this is simply not true, unless your home is the only investment you ever make. I don’t even like to refer to it as an investment. To me, a home is a place to live; a sanctuary from the cares and pressures of the world, an environment of peace, rest and relaxation. It is my own little corner of the world where I am surrounded by my family, friends and stuff that makes me happy. I’m sorry, but if you really think that your home is a good investment, you’re bad a math.
More About: Investment , Home , Make

Take The Heat Off Your Utility Bill Budget With Warmer Water
2008-06-05 21:55:00
Most owners would love to shave a little off their ongoing utility bills. If you pay for utilities in any of your properties, here’s a simple way to start saving soon and keep saving forever. It also works in your home. If you reduce the temperature in your property by only one degree during the cold ...
More About: Water , Heat , Budget , Utility , Bill

Real Estate Ignorance Video
2008-05-19 21:35:00
Here’s another video, this time based on the article Real Estate Ignorance In Action
More About: Video , Real Estate

Beneath The Surface Of Real Estate Investment
2008-05-13 19:45:00
The text for this video was taken from an article Roger wrote last June, “Is This A Real Estate Deal You Should Run With, Or Run Away From?” The deal is long dead, but the message is one that bears repeating.
More About: Real Estate , Real Estate Investment , Investment

Catching A Realistic Vision Of Real Estate
2008-05-02 18:43:00
Most people in real estate like to think of themselves as visionaries. We tend to have positive expectations and believe that good things will happen. We are optimistic by our very nature. These personality attributes are what make us entrepreneurs and are the foundation for much of our wealth development. However, in a time of ...
More About: Estate , Real Estate , Analysis , Real , Vision

Looking At The Rear View Mirror Of Real Estate
2008-04-18 19:00:00
You cannot safely go forward if you?re always looking in the rear view mirror. Make sure your analysis of properties is based on future assumptions, not past performance. While is it an industry constant that people are taught to base purchase prices on historical numbers and not on your higher projections. Now would be a bad ...
More About: Estate , Real Estate , View , Real , Mirror

Don?t Let The Headlines Scare You Away
2008-03-21 17:02:00
I won?t belabor the point, but I will say that my clients have heard this for years; ?Run the numbers, they will tell you what to do?. Still most people are willing to let someone else do their thinking for them. That?s too bad for them, because by not doing their own thinking they may ...
More About: Headlines

Put $500,000 Into Your Nest Egg
2008-03-12 18:00:00
Here?s how your current home can put up to $500,000 into your retirement nest egg. Can your home secure your retirement? Maybe not all of it, but it is possible that it can cover a lot more than you think. If you, like many Americans, live in a large family-style home, ...
More About: Nest

Be the bank.
2008-03-07 23:17:00
When times are uncertain, even if the problems that caused the uncertainty were not your fault, they still affect you negatively. Such is the case with the residential mortgage market and its negative effect on the commercial lending business. It?s too bad that the stupidity and arrogance of the residential single family detached market has ...
More About: Bank

Geting a big feel from a small property.
2008-02-29 19:27:00
We?re all concerned with maximizing. We want the highest return for our money. We want the best gas mileage our car can get. We want the greatest income from the least amount of work possible. Heck, we even supersize our French fries when go to our local fast food joint for lunch. So why shouldn?t ...
More About: Property , Small , Feel

Real Estate Investment Blog Roundup #1
2008-02-28 22:12:00
Here’s a rundown of some good / interesting / noteworthy posts from around the blogosphere that I’ve read recently. They are in no particular order, except the first one, which I thought completely deserved to be first. Why you might want to inspect your units Warning: This post with a video is not for the faint of ...
More About: Estate , Real Estate , Real Estate Investment , Investment , Roundup

You don?t need to be a victim of current mortgage problems. You may be able
2008-02-13 20:10:00
If you or someone you know is in danger of foreclosure, there are a few simple things you can do to improve your situation and possibly remove the problem entirely. Following are 4 things that can be done immediately to actively remove the pressure and problem. 1. Contact the lender and see if interim arrangements can be ...
More About: Current , Mortgage , Problems , Victim

Real Estate With An IRA
2008-01-29 18:42:00
A couple of weeks ago we held a free webinar for folks that belong to our newsletter (sign up in the upper left hand corner) about how to use an IRA to invest in real estate. If done correctly, you can set up an IRA, have it buy and pay off investment real estate (apartments, ...
More About: Estate , Real Estate , Real

It is the best of times it is the worst of times.
2008-01-29 00:03:00
Not a day goes by without a fresh spin on real estate appearing in a few local newspapers nationwide. Many of these articles just regurgitating facts provided by some p.r. person with an interest in having those facts spread out into the marketplace. I have to laugh when I read in my local paper ...
More About: Times

Maximize real estate values and incomes during inflationary times.
2008-01-17 19:20:00
The US Department of Labor in Washington D.C. announced mid January that inflation has hit a 17 year high. And what?s more is that at the same time, personal earnings have actually fallen behind this increase by .9 percent. Most people will see this as terrible news. But this dark cloud has a silver lining ...
More About: Estate , Real Estate , Real , Times , Values

Less Work can mean More Money
2008-01-02 19:09:00
One of the most time consuming parts of property management is the coordination of rent collections and increases. What for many people is a nightmare can be made quick and easy by taking a very few simple steps. In order to simplify your property management for greater profitability, focus on the following three items first: 1. Have ...
More About: Money , Work

Using Real Estate So Uncle Sam Will Help Pay This Year?s Taxes
2007-12-28 18:43:00
One of the great benefits of active involvement in real estate is the ability for properties to produce tax shelter. In this way, owners can reduce their personal income tax liability because of tax losses produced by investment properties. When real estate is operated wisely, this tax shelter almost always occurs during at least the ...
More About: Estate , Taxes , Real Estate , Management , Real

Real Estate Rollercoaster
2007-12-14 18:36:00
I?ve been watching the papers. For the last three weeks there has been a minimum of 4 business section front page articles, per week, about the suffering real estate or mortgage industry. You?ve seen them too. ?Home prices dropping.? ?Mortgage companies going bankrupt.? ?Major Banks and Savings and Loans cutting staff and closing offices.? ...
More About: Estate , Real Estate , Investment , Real , Aster

Keep The Home Fires Burning
2007-11-28 19:26:00
Most of us love the idea; a cold winter?s night, a cup of steaming hot chocolate, a crackling fire and someone to share it with. It is a beautiful dream, but without the proper care can turn into a nightmare. A nice warm fire is great as long as it is in the fireplace ...
More About: Management , Home , Burning , Fires , Burn

You?ll Really Flip Over This Real Estate Tip
2007-11-08 17:19:00
You know that somebody out there is making good money fixing and flipping properties, but maybe things aren?t going as well for you as you anticipated. There could be many reasons of course, but here?s a proven, low cost improvement that makes remodels sell faster and for higher prices. This simple bit of knowledge could ...
More About: Estate , Real Estate , Real , Flip

Rent Incentives That Work.
2007-11-02 16:58:00
A common challenge for many property owners is getting rents collected in a timely and efficient manner. One program used successfully by landlords is to incentivize their residents to pay their rent on time. This is done by offering them a discount, a rebate or an annual free month. Of course the rent charged needs ...
More About: Work , Rent , Incentives