I first read Robert Kiyosaki’s Rich Dad, Poor Dad about a decade ago. I got fired up about the ideas that Kiyosaki presented, but my personal financial habits were a mess and the idea of getting into real estate investing seemed so far away.
Read MoreIf you’ve read this site with a keen eye, you’ve probably caught the fact that I spent a handful of years as a police officer. During that period, I had the opportunity to meet Frank Scalise, a sergeant who became a friend and writing partner. While on the department together, we shared and edited each other’s work while encouraging each other to keep putting words to paper.
Read MoreBruchi’s Cheesesteaks is a local favorite. Serving subs and cheesesteaks since 1990, they’ve grown to seventeen locations and recently opened a store in Sacramento, CA. Bruce and Susan Greene have done a great job with the company, especially with new competition from national sandwich franchises coming into the market.
Read MoreSeveral years back, I helped run a Kenpo Karate school. Part of my responsibilities were leading classes, both for adults and kids. As I interacted with various students, I sought to understand their motivation for learning Kenpo.
Read MoreI’ve gotten a good handle on my personal debt. For years after I climbed out of my debt hole, I didn’t use a credit card at all. I really didn’t want one, again. I no longer liked them.
Read MoreWe owned the little property on Northwest Boulevard for years and it was humming along nicely. Our tenant, The Medicine Shoppe, had accepted a renewal and was happy. We had painted the building and seal coated the parking lot in an effort to protect it and enhance its curb appeal.
Read MoreIt was a small building with a single tenant, The Medicine Shoppe. My investing partner, Kevin had cold-called the owner and asked if they wanted to sell.
Read MoreI love that title. It’s also the title to Robert Ringer’s 1973 classic about selling commercial real estate. It’s the first book that I found to discuss the realities of being a commercial broker. However, the book deals with much more than that subject.
Read MoreWhen a retailer moves into a market or neighborhood, most people tend to get excited. At times, this excitement can be good. When Trader Joe’s first moved into our market, the city seemed to lose its collective mind. Everywhere people went, there was talk about Trader Joe’s and the inevitable question, “Have you been?”
Read MoreMy dad turned me on to Travis McGee when I was in the Army. This was probably natural since he discovered McGee while he was in the Navy during the Viet Nam war.
Read MoreEarlier, I referenced “seller financing” in the acquisition of a property so I figured I should expound on that idea a bit.
To date, I’ve used seller financing in three personal transactions: two commercial buildings and one residential property. It’s also been used in transactions where I’ve acted as a broker. It’s one of the first questions I ask whenever talking to a prospective seller.
Read MorePreviously, I worked for a national mall developer. My job was to handle the local leasing (basically short term deals and kiosks) for three malls in my market. Initially, it was a great job, but soon the excitement wore off. I eventually ended up complaining about not getting promoted as others around me moved up in the company.
Read MoreThere are two quick things you should know about me:
1. I love real estate; and
2. I love real estate quotes.
A former client of mine was a successful franchisee who preferred to lease his store locations. However, when he couldn’t find an acceptable location to lease, he purchased a building that met his needs. This happened to him twice.
Read MoreIt’s been four weeks since I first listened to and then read Tim Ferriss’ The 4-Hour Workweek. Since I detailed my results after the first seven days, I figured an update after a month might be in order.
Read MoreRecently, my girlfriend and I took our son and his friend to the movies. While driving to the theater, the boys talked about two of their favorite subjects: YouTube and Minecraft. At this point, I usually tune out since I think Minecraft is about the silliest video game ever created. Minecraft graphics remind me of playing on a Commodore 64.
Read MoreIf companies are spending billions of dollars to help their employees get healthy, why aren’t they spending a dime to help them understand how to get wealthy?
Read MoreI’d kept my eye on a property on Northwest Boulevard for months. It was listed for sale by another brokerage firm and had been on the market for quite a while. One February morning in 2013, the “For Sale” sign disappeared and I panicked.
Read MoreThe previous weekend, my girlfriend and I listened to an audio book of The 4-Hour Work Week by Tim Ferriss. I’d seen the title when browsing my favorite book stores but always brushed it off as some sort of hokum.
Read MoreI met with our accountant recently to review the tax returns associated with our properties. One of the questions that came up was why we immediately paint most buildings we’ve purchased. It’s been a reoccurring theme and one I was excited to discuss.
Read MoreA blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.
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