What Fireworks Teaches Us About Real Estate Investing

Fireworks
Happy 4th of July! I want to take a moment to reflect on fireworks. Not the little ones, but the big fireworks we all love to watch. Isn't it fun to sit back and admire the explosions? To marvel at the bright lights and loud booms? To delight in the grand finale and wish for more when it's done? It's a great time for everyone. It's a 20 minute show that fills you with wonderment. 20 minutes. That's it. But of course, like most great things there's a ton of hard work leading up to...
Read More

When Does It Make Sense To Pay Off My Properties?

Mortgage Calculator to Pay Off Properties
A question I get asked regularly is: "Do you strive to pay off your mortgage as quickly as possible for maximum cash flow after it's paid off, or go for long amortizations and low payments to get as much cash flow as possible today?" Answers fall into two camps: Yes: Mortgages are bad/risky and so you should try to pay off your mortgage as fast as possible. Plus, just think of how much "extra" cash flow you'll be getting! Some people even go as far to recommend buying investment real e...
Read More