I got thrown out of college and moved to Lake Tahoe back in 1983. I learned a pretty good lesson simply by observing those that had arrived before I did.

I found the documentation from the first apartment building that I ever went after. It was a bread-and-butter 5 unit in Flat Rock that I was attempting to buy via a short sale. I was shocked to see the mistake that the buyer made when she bought. But it’s a mistake that I see a lot of new investors make.

Critical Success Factor #1 for being a profitable and happy rental property owner is property selection. The benefits to doing this right, from the start, are endless. And one aspect of property selection is buying cookie cutter houses.

He chucked his corporate job yesterday to follow his passion. Congrats Danny and I look forward to following your success.

Just about every investor that I know that’s in rental properties has one. They are a royal PAIN and it would have been really nice (and more PROFITABLE) to have made a different decision. You can avoid doing it. Very easily actually. And if you knew what I know now, you’d realize that you can’t afford not to.

Started a new job with my company today after being asked to “take one for the team”. You can’t be the master of your own destiny when you accept a paycheck from someone else.