When you invest in real estate, you need to pick a strategy. There are 2 major strategies that have been time-tested, and they are: Cashflow and Appreciation. We will go into the pros and cons on each of these 2 strategies. Cashflow The definition of investing for cashflow is you look at the numbers and…
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I Can’t Afford It
We have blogged about Rich Dad in quite a few posts previously, but we saved this concept to blog separately because it is such a powerful mindset shift. When you want to achieve it something in life, like if you want to buy a real estate as an investment, or go to a basketball game,…
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Owning vs. Controlling
Let’s start off with the famous quote from Rocketfeller, “The secret to success is to own nothing, but control everything.“ What does that actually mean and how does that apply in today’s society? First off, the disclaimer, we are not a law firm and we do not provide any legal advice. What we blog is…
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Rich Dad’s CashFlow Classics Game
If you are a fan of Rich Dad, you probably have played the Cashflow 101 or Cashflow 202 game before. They both were created by Rich Dad and the goal of Cashflow 101 is to teach about the concept of passive income; while the goal of Cashflow 202 is to teach about advance investment strategy.…
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A Fresh Grad Guide to MultiFamily Investing
If you are about to get out of college, like most of your friends, your primary goal is to look for a job. You are thinking to yourself, not only you are now graduating from college, but also you are graduating from $1 fast food burgers and moving into hi-end steak house that you can…
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The BRRRR Strategy
BRRRR (pronounced “burr”) is a strategy coined by Brandon Turner at BiggerPockets and it is one of the most popular real estate investment strategies due to its popularity and ease of deployment. The benefit of doing BRRRR is that you will not need to have a lot of initial capital to get started. To make…
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Expense Ratio
When evaluating if a deal is worth proceeding or not, it is important to calculate its Expense Ratio. Ideally, if the current property owner or property manager maintains good records, it is very easy to obtain last 12 months (T-12) records so we have some solids numbers to work with. There are 2 types of…
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Core Four in Real Estate Investing
We first heard about the concept of “Core Four” from David Greene at BiggerPockets. In fact, he wrote a blog post about it which we are linking here, because we want to give credit to where credit is due. We agree this is a valuable lesson for all real estate investors so we will provide…
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Work When You Want To
It was Veteran’s Day weekend last few days, although it was not a “major” holiday, most companies (except banks) actually requested employees to report to work, but part of the perk for being a real estate investor (a.k.a. DoorInvestor) is that I can work when I want to, not because I have to. This is…
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Vivid Vision as a Business Plan
As a real estate investor, you are essentially running a business. Most entrepreneurs who own business will say that having a good business plan will increase your chance of succeeding in your business adventure. We certainly agree with that statement, but here is more: Learning from Cameron Herold, the author of Vivid Vision: A Remarkable…