Recently, I overheard some friends talking about buying a new, bigger house. The housing market is hot and many people think they need to get in on the action. Perhaps it’s the fear of missing out (FOMO) that’s got so many people acting like ding-dongs when it comes to buying their next house, or they’re caught up in the latest trend.
Read MoreAn October 13th, 2018 article in the New York Times discussed how Jared Kushner avoided paying almost no federal income taxes several years running. According to the article, Kushner, who has a net worth of $324M plus, paid little to no taxes from 2009 through 2016. Just by my first two sentences, you can see the slant of the article – how things are tilted unfairly toward the rich.
Read MoreIf you’re looking to purchase an investment property, whether it be a residential single-family home or a commercial building, the purchasing process is very similar. While there are some differences between the two processes, I thought they are close enough that I thought we should take a quick run through to get a discussion in place for future articles.
Read MoreWe spend our lives with risk.
There is everyday risk like driving to and from work, school, or some event with our spouse. At any moment, we put ourselves on the road with other people who may or may not be in full control of themselves whether it be from alcohol, lack of sleep, or relationship induced stress. Some of these people are just plain morons who should not be allowed to drive - but they're given a license anyway and we willingly chose to get on the road with them.
Read MoreI’m going to rant against some of those in the financial services industry. You see, I’m a commercial real estate broker who loves the product he represents. My clients can see and hear my enthusiasm when we talk about their needs, whether it be buying, selling, developing or leasing.
Read MoreIn December of 2015, my real estate broker sent me a listing for a single-family home on the north side of town. You may be asking yourself, “Wait, isn’t this guy a real estate broker? Why is he working with another agent?”
Read MoreEarlier, I referenced “seller financing” in the acquisition of a property so I figured I should expound on that idea a bit.
To date, I’ve used seller financing in three personal transactions: two commercial buildings and one residential property. It’s also been used in transactions where I’ve acted as a broker. It’s one of the first questions I ask whenever talking to a prospective seller.
Read MoreThere are two quick things you should know about me:
1. I love real estate; and
2. I love real estate quotes.
I’d kept my eye on a property on Northwest Boulevard for months. It was listed for sale by another brokerage firm and had been on the market for quite a while. One February morning in 2013, the “For Sale” sign disappeared and I panicked.
Read MoreI would like to think I was smart when I was 27 years-old. I had already served four years in the military, earned a degree from a state university and had just entered the real estate world as an executive assistant earning a whopping $20,000 / annually. Okay, I didn’t blow the doors off with my starting salary, but I was excited to be learning the real estate game.
Read MoreA blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.
The Bumbling Millionaire may receive compensation through a variety of advertisements, affiliate links or otherwise. There is no extra cost if you click a link and purchase or use the related product. Any published affiliate links are done so due to my belief in the product or service. Sponsored ads are not specifically endorsed by this site and, instead, are chosen by algorithm.
