So, let me ask you a question…are you interested in long term wealth? I’m not talking about some number like $1,000,000 or $10,000,000 or something like that. That is what most people consider long-term wealth. The question I am asking is if you are interested in having the type of wealth where the amount of money you have coming in every month exceeds your monthly expenses whether you work or not. This is my definition of true wealth…because it gives you FREEDOM. This is also called residual income. I am sure when you read that question you thought to yourself, Read more…

When taking on a real estate deal that you are flipping, which is the best way to go…pay cash, get a partner, or use hard money? Let me discuss the pros and cons of each and let you decide.   Cash: For those that have cash this can be a great way to go. It obviously limits your risk substantially due to the lack of ongoing interest payments that eat away at your profit. It also gives you options if you are not able to sell it for the price that you want and in the time that you want. Read more…