3 Crucial Areas Entrepreneurs Should Cultivate For a Sustainable Business
This week was a momentous one in my real estate business. My new assistant Michael started this week (give a shout out to him, I’m sure he will love it…
Real Estate Business Management
Business Management can often be similar across many industries and types of enterprises. Successful real estate investors treat their investments like a business and run them professionally. This section of the BiggerPockets Blog contains articles that can help journeyman investors systematize and professionally run their real estate businesses. Topics include hiring, management, business policy, and scaling. These articles are written by some of the best investors in the business, and in regions throughout the country.
The Investor’s Complete Guide to Deducting Travel Expenses
Running a real estate business, whether it be flipping, wholesaling, or landlording, often requires plenty of travel. Whether by car or plane, costs can add up. You have probably wondered…
The 80/20 Principle: How to Be More Efficient & Successful at Everything
How can an 18th century economist help us become more successful? For one, by teaching us about the natural principles of inequality inherent in the very fabric of our world.…
How to Use Internal Controls to Mitigate Risk & Prevent Profit Loss
Today I’m going to talk about internal controls. Whoa, what a bore, right? This topic shouldn’t appear on BiggerPockets, a real estate investor’s hub. Well, as real estate investors, we may…
5 Reasons You Should Join a Real Estate Mastermind Group
I just got back into town last night after having spent 3 days in San Diego with my real estate mastermind group, The Collective Genius. In years past, I prided…
How To Find & Manage a Top-Notch Contractor for Your Projects
“Associate yourself with people of good quality, for it is better to be alone than in bad company.” — Booker T. Washington Finding the right contractor is the most important decision…
How to Choose an Escrow Officer: 14 Questions to Ask (& One BIG Thing to Notice)
We have all heard the importance of building your team and how you cannot take on the world of investing solo. This is very true, but having a dysfunctional team…
#AskBP 041: What is the Difference Between “Cash on Cash Return” and “Return on Investment?”
On today’s episode of the #AskBP podcast, learn the difference between cash on cash return and return on investment, pertaining to real estate investments. You’ll also learn the four wealth…
Yes, You Absolutely SHOULD Use an LLC to Invest in Real Estate: A Counterargument
My initial reaction to Scott’s article “5 Reasons I Do NOT Invest in Real Estate Using an LLC” was that his advice is perhaps the worst/silliest advice EVER. Please don’t…
How to Minimize the Tax Bite When Selling Your Investment Property
Just like summertime in Las Vegas, the real estate market has been Hot Hot Hot! With the summer months approaching, we are meeting with more and more clients that are…
Your Guide to the Tax Treatment of Closing Costs: A Line-by-Line Look at the HUD-1
If you are reading this article, you probably know what a HUD-1 settlement statement is, and you have more than likely seen one before. Maybe you have seen multiple HUD-1s and…
12 Game-Changing Productivity Apps For Real Estate Investors
There are arguments both for and against our need for more technology and more productivity and more apps to track every little detail of our businesses. I mean, who doesn’t…
How to Build a Rock Solid Real Estate Team While Investing From Afar
After writing this article on how to determine whether a city is thriving enough economically to warrant a closer look for investment purposes, many people contacted me and asked how…
