I'm pleased to announce a new look for geniustypes.com including a tour! The new layout is meant to be a cleaner and more intuitive way to navigate all the articles I've written over the last three years. As you may know, geniustypes.com covers a wide range of topics from creative life to passive income. Keeping [...]
In the business of real estate investing, three major players feed off of each other to spin the wheels of wealth creation. Wholesalers, rehabbers, and hard money lenders form a symbiotic trinity in which each one is dependent on the others. Wholesalers need rehabbers to buy deals, rehabbers need hard money lenders to finance deals, and hard money lenders need wholesalers to find deals to lend on.
I've made several comments over the years recommending real estate investing as the most powerful form of passive income. The reason it's so powerful compared to other passive income sources such as stocks, blogging, or bulk candy vending is: there are six ways it makes you money.
Rui is the guest today. He is a real estate investor living in Southern California with two single family homes under contract in Houston, each with over $300 cashflow per month.
1. DON'T Choose the Service Model 2. DON'T Borrow on Depreciating Assets (and for the love... donâ€™t borrow on expenses!) 3. DON'T Skimp on Bookkeeping