In Rich Dad’s Cashflow Quadrant (our previous blog post here) book, it talked about the 4 elements of the quadrant: Employee, Self-Employed, Business, and Investor. Afterwards, we received quite a few inquiries asking for clarification on the difference between Self-Employed and Business, so we decided to dedicate this post to drill down on these 2.…
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15 vs. 30 year Mortgage
There are many different discussions on the Internet, all coming from different angles, about whether it makes more sense to get a 15-year or 30-year Fixed Rate mortgage. We certainly would like to contribute our thoughts into this topic, but more from a real estate investment perspective. 15-Year Mortgage What are the pros and cons…
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Setting S.M.A.R.T. Goals
The starting of a new year is the perfect time for us to set our goal for next 12 months. There are many ways to set your goals but we like to follow the concept of S.M.A.R.T. as it has been working well for all the team members. S.M.A.R.T. is the acronyms for: Specific Measurable…
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Buy Toys with Passive Income
For most of us who work a full time 9-5 W2 job, it is quite common to use our earned income, or sometimes called active income, for spending, whether the spending is for survival or for pleasure. There is nothing wrong with this model, and as a matter of fact, this may be the only…
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Running a Real Estate Business from Anywhere
In the realm of achieving Financial Independence (FI), it does not necessarily equate to you being a bum and sit on the couch all day long doing nothing. As a matter of fact, the truth is no matter how you achieved FI, you will still need to be managing something. It can be managing your…
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Growth vs. Stabilization
If your strategy is passive income and you implement it by building up your real estate rental portfolio, you ought to run into this dilemma at some point, which you ask yourself, “do I try to grow my portfolio or stabilize it?” The answer is not as straight forward as you might think, and like…
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Don’t Wait to Buy Real Estate
Don’t Wait to Buy Real Estate. Buy Real Estate and Wait. — Will Rogers I came across this quote the other day and found it quite inspirational. Most of us “average joes” are by nature procrastinators, which means we want to play safe, and we want to stand put and observe. It is the human…
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Business Credit for Real Estate
You may have heard of the phrase, “It makes money to make money.” We at DoorInvestor do not necessarily disagree with that philosophy, but like Rich Dad said, you can use OPM (Other People’s Money). Let’s face it, if you are working on your real estate portfolio, or any portfolio as a matter of fact,…
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December for Real Estate Investors
After Thanksgiving holidays in the U.S., it is getting into the month of December and it is time to plan how to finish the year strong as a real estate investor. Meet Target for This Year If you set a target for this year, for example, flip 10 houses, or build a rental of 10…
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Thanksgiving and Tradition
We often blog about real estate and there is no doubt real estate investing is our focus at DoorInvestor. Though, as we are approaching Thanksgiving (which is tomorrow), such traditional holiday made us think about the traditional methods of investing – and to us the most traditional way of investing is stocks. Just like what…