Responsible Tenants Are the Drummers of Rental Real Estate

Have you ever heard a music band that was just off? Sure, each musician was probably great, but for some reason it wasn't coming together? I experienced that once, but the reason was obvious: the drummer was missing. Because of this, the band sounded disjointed and off-beat. You could also see the concentration on their faces as they all strained to keep the beat. Nobody, include me, was enjoying themselves. When he finally showed up, they were in the middle of a song and kept playing. He...
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Seek Unity With Your Spouse Before Investing In Real Estate

Let's set the scene: I'm in college on the first date with my future wife. We're walking outside; still very much trying to get to know each other. She asks the question, "What do you want to do with your life?" Me: "I want to invest in real estate. I want to buy a fixer upper for $300K to $400K, fix it and sell it. Or refinance it based on the repaired value and rent it out to collect passive income." I was so proud of myself for articulating such a clear, and profitable, vision of my...
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