My first job after college was at a boiler room in Detroit. Yes, like the movie Boiler Room we would sit in a cubicles and call to try to sell financial and insurance products. There are many financial firms that recruit heavily out of college and get many young people to work for them, by…
Winter-Proofing Your Rental Property
When you’re living in Chicago or anywhere near the Great Lakes, winter comes early. You have to make sure your investments are safe during this time. With so many components to maintaining a house, winterizing your home is the smartest investment. Whether it’s your primary residence or your rental properties, there are many things you…
The Few People that Actually Give Good Advice on Youtube
There are so many fake gurus on Youtube. You’ll be able to tell they are fake by many things. A lot are in their 20s and claim they are successful. This should be red flag #1. There is no way in hell I’d ever take advice from a guy in his 20s about how to…
Digital Currency
Governments always want more power and control. This shouldn’t be a surprise to anyone. They also; along with the bankers want more control of the nations and citizens money. As of 2020 China has been experimenting with a Digital Yuan. As of now, American companies in China are accepting it. Including Starbucks and McDonalds. There…
July Income Report
July Rental Income Report July was an expensive month this will happen a couple times a year. It’s what I prepare for and what I’m always telling people to be aware about. I had a few expenses this month. Lets start with the income: The income was the same as the last report all units…
Financial Advisor Exposes Mutual Funds
What is a mutual fund? A mutual fund is basically a group or securities either stocks and/or bonds that are managed by a fund company that has managers assigned specifically to that fund that buy and sell securities within it. These managers may be analysts and have a CFA designation. The fund managers try to…
What is a Real Estate Short Sale?
All About The Short Sale Home Whether it’s your first home you are purchasing or your second or third, buying a home is a lengthy, intimate process. If you’re buying a short sale, it can be even more involved, ranging from simple to complex. That’s why it is so important to really understand everything about…
Actually Receiving a Check Every Day
There are some people that are actually making it in this business that aren’t bullshitting. It’s rare to find them but heres a couple examples. I personally know a few people that have 30 rental units. I’m sure they have all their checks paid to them on one day of the month, but in theory…
5 Questions You Must Ask Your Financial Advisor
Having been a Financial Advisor for over 10 years I’ve seen it all, including many situations that may deceive the client. After leaving the corporate side of the business and starting my own firm, which I later sold. I realized there are quite a few things that clients may not be aware of. This…
Should I Buy a Single Family, or Multi-Family Home
I was watching this guy on YouTube from Cleveland trying to sell a duplex. He was explaining why a duplex is so much better than a single family and how you need to buy this one. It will cashflow so much. Only one roof. 2 sources of income. He was really hyping it up, and…