Jon Hanson was a successful real estate investor from the Columbus, Ohio area when a 7-year battle with the IRS nearly ruined his life, his health, and his finances. It was from this experience that he learned some hard lessons about credit and debt—lessons that he shares in his book Good Debt, Bad Debt, available at the Amazon.com link on…
Provo, Utah—Mr. Jim Johnson, the last remaining survivor of the little-understood 20th century profession known as “landlording”, died peacefully in his sleep on Tuesday. He was 101. The Last of a Breed With the death of Mr. Johnson, the last former practitioner of this exploitative (and now illegal) occupation, an era has ended. Mr. Johnson…
As the real estate market has warmed up, I’ve noticed a disturbing trend among real estate investors and wholesalers: they’re making the crucial error of becoming motivated BUYERS. You may be a motivated buyer if you: Find yourself trying to figure out how you can pay a seller what he wants, instead of making…
Last week, I shared a list of things that every real estate investor needs to pay attention to starting NOW so that the rewards you’ll reap 10 years from now will be there when you want them. These sorts of to-dos all fall into the category that Stephan Covey calls “Important but Not Urgent”: things…
Hindsight is, as they say, 20/20. IF ONLY I could go back to 2006, cash in all my properties, and use the money to short Fannie Mae stock. Sigh. But daydreaming that you could have had foreknowledge of something as earth-shattering as the real estate crash is one thing; continuing to act in ways that…
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