This was the story of my first company I sold. And I learned quite a lesson. In 2014, I was getting ready to launch my second company Mile27 Realty (at the time we called it Real Estate Concierges and later re-branded it to Mile27 Realty) with my partner Jay. I has built and was running…
Ohhhh this one was a doozy. The recession just hit hard in Dallas, Texas and the new home builder that I worked for, Wall Homes, just let 80 of its staff/sales team go and filed for Bankruptcy the same week. I had started investing as a partner in my first real estate brokerage a year…
My son asked me a question recently that many people looking to become a real estate investor have asked me in the past, “When did you become a real estate investor?” I’ve always answered that question as “2006,” the year my wife and I purchased our first rental property. However, as I reflected on my…
Why should I become a real estate investor? This was a question my wife and I asked ourselves in 2005 as we were building the plan for our real estate investing business. Our children were ages six and three at the time and we wanted to build a real estate portfolio that not only would…
I’ve met with many individuals interested in real estate investing who read numerous posts/articles about what markets to invest in and what to buy. However, they get stuck in reading about others success and never pull together the macro vs. micro to get ahead. I believe success in real estate investing comes down to ‘Macro…
As Mark Twain best said, “The secret to getting ahead, is getting started.” People talk about financial freedom, but many, given their current financial situation, don’t have a plan or understand how to get ahead. But in order to get anywhere, you have to get started and have a disciplined plan to stay focused to…
About a year ago, my 19 year old son asked me,”Dad, what makes people successful?” It was a question I didn’t expect, but as I thought about it for a few minutes and reflected back on my experience and many conversations with successful people, I responded, “It’s how you spend your spare time. It comes…
With Texas’ pro-business political environment creating jobs, its diverse economy, and booming cities, Texas has long been a desirable state for real estate investors. It’s the main reason my wife and I chose to begin our real estate portfolio 10 yrs ago in Texas. Today, we have over 40 rental units that are all positive…
Personal financial statements are your roadmap to guide you from where you are today, to where you want to be tomorrow. They also provide fixed points of reference from which you can measure your progress over time. It’s very difficult to achieve financial fitness and stability if you don’t have a baseline of where you…
Financial fitness and money management generally isn’t a fun topic for most of us–it can be boring, scary, and frustrating. In Fidelity’s recent study, 39% of millennials worry about finances and 25% don’t know who to trust. How do you know if you can afford to go to that music festival with your friends today…
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