Pay Yourself First: The Equity Goose and The Cashflow Golden Egg

I find it interesting that wisdom is often clearly laid out before everyone in a book or a lecture, and few truly understand it. It’s just as Napoleon Hill wrote in “Think and Grow Rich” when he hinted that one needs to re-read the book several times; and even then, the wisdom can only be … read more

Banks? We Don’t Need no Stinking Banks – Unconventional Financing Fundamentals

By Karen Davis and Jeff Smith, Mentors in the Houston Office There are many reasons (erroneous we believe) why people don’t want to get involved in real estate investing. However, if you do want to get involved, there is no reason why you can’t. Most people who hesitate to get started are afraid at some … read more

Tips for Real Estate Investors who Want a Successful Working Relationship with Contractors

Communication is the key when working with any vendor, but is especially imperative with a contractor. Investors are suspicious of contractors, worrying that they’re about to be taken advantage of. Contractors may have valid concerns about working with investors as well. Everyone wins when you are both working on the same page. Here are some … read more

How Owning 15 Rental Properties Can Retire You Faster than a $1 Million 401k

*Note – Steve has recently posted an updated and newer version of this article here. How you answer this question speaks to your level of financial sophistication. How Far Would You Go for $200? Most people would not go very far out of their way to make an extra $200 a month. When compared to … read more

How a Real Estate Investor Should Take a Phone Call from a Prospective Tenant

An Excerpt from the SF Real Estate Investor’s Policies and Procedures Manual This article is not meant to just be a “How to …” guide on the way to lease a single family home. Instead, what I wish to accomplish here is to make the point that your business is comprised of a series of … read more

Free Introductory Workshop DFW Thursday @ 6:30pm

Want to learn how over 8000 people have been successful in real estate? Many of our members have never owned investment real estate before. Meet other local investors who have learned how to be successful in real estate and earn monthly passive streams of income! WHEN: Click here for our upcoming workshops! WHERE: 106 Decker, … read more

Free Introductory Workshop DFW Saturday @ 9am

Want to learn how over 8000 people have been successful in real estate? Many of our members have never owned investment real estate before. Meet other local investors who have learned how to be successful in real estate and earn monthly passive streams of income! WHEN: Click here for our upcoming workshops! WHERE: 106 Decker, … read more

A Step by Step Road Map for Success in a New Decade!

It’s almost the end of 2009, and the end of a decade! Many people make new year resolutions. Do you have a resolution in mind? Perhaps you want to start a new workout routine. Maybe you want to read more books. Do you think about making a finance-related New Years Resolution? I challenge you to … read more

Before You Cosign a Loan, Understand Your Obligations

What would you do if a friend or family member asked you to cosign a loan? Before you answer, make sure you understand what your obligations are. When you agree to cosign for someone else’s debt, you are essentially guaranteeing payment if that person defaults. You are being asked to take a risk that a … read more

The Five Laws of Gold

When I first read “Richest Man in Babylon” by Goerge Clason, I had my doubts as to whether strategies and tactics based on thousand year old principles would be relevant to me in the 1990’s. Now, 20 plus years later, after having executed the laws and rules outlined in the book, I know it to … read more