The kids cashed in their savings bonds last year when I bought my first apartment building – and they invested their money in the building. Based on their informal surveys, they’re the only kids in the school that own an apartment building. And the cute thing is, they all picked out which “piece” of the building they owned. 🙂 What a great head start this is for them. They’re learning about investing, about compound interest…
Category: Landlording
Michigan Real Estate Investing TV: The FLIPPING CashFlow Mercenary
Over the last week or so I’ve been approached three times by people that wanted to be the money partner with me on flips. I thought that was pretty funny – since I’ve been focused on acquiring rentals for almost the last two years. By my deep dark secret is that I have done flips – and they have been insanely profitable to the tune of $16-20,000 or more each – not a bad payday…
Michigan Real Estate Investing TV: Keep It in the Family!
Are you talking to your family about your business?
Michigan Real Estate Investing TV: Stay Away frm Westland Housing
This should be the LAST video on the subject for a while. Well I recieved a call from the Mayor directly a couple of days ago – and he seems like a stand-up guy. He can’t overturn the Westland Housing Commission no matter how far from their own guidelines they stray. It sounds like HUD is the only way to go. So that’s the direction that I’m going to take. My advice is to stay…
Michigan Real Estate Investing TV: It’s ALWAYS Hard Doing it the First Time
My three main priorities – again today – are things that I’ve never done before. I sometimes wish that I only had routine stuff to do – until I realize that it’s all of these new things that are putting money in my pocket. I hope you’re experiencing the same discomfort!
Michigan Real Estate Investing TV: My Son LOVES Mechanical Pencils
Yet another instance where the carrot worked better than the stick.