To Leverage or Not to Leverage? Why the Answer Isn’t as Simple as You Think
Leverage: What a sexy word, don’t you agree? Of course you do, seeing as every other thread I read this week on the Forums was leverage this, leverage that. And what…
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.
No Time to Write a Real Estate Business Plan? Here’s Your 30-Minute Solution.
We all know the benefits of having a business plan, right? Business plans keep you on the right track. They help you raise capital. They put you and your team…
Big, Fast-Growing Businesses Are NOT the Ticket to True Financial Freedom: Here’s Why
It seems like everyone on BiggerPockets these days wants to quickly build huge real estate empires, syndicate their way to a fortune, and become the dominate force in their market. I…
Is Optimism Killing Your Budget? How to Mitigate Risk by Playing Devil’s Advocate
Optimism is an extremely important psychological trait. Indeed, optimists tend to be healthier and more productive, as well as just more pleasant to be around than pessimists. For an entrepreneur, there…
5 Overlooked Tricks to Diminish Capital Expenses on Your Rentals
Investors, especially new investors, focus on how to correctly run the numbers on their investment properties. They plug numbers into spreadsheets and formulas to come up with the correct income…
How to Create $5,000/Month in Passive Income Using Real Estate: A Case Study
Here at BiggerPockets, we sometimes need to look at the bigger picture. It’s of course imperative that we ask ourselves what we want to achieve and why. After we do…
A Powerful Alternative to Soft or Hard Negotiating: How to Land Win-Win Deals
When I first started as a real estate entrepreneur, I thought I must either be a hard or soft negotiator. As a hard negotiator, I had to be strong, intimidating,…
The Top 3 IRS Audit Areas Real Estate Investors Should Know About
As income for real estate investors increases, so have IRS audits in these areas. While it is important to minimize our tax liabilities, it is just as important that we…
The Quick Exercise to Help Put You & Your Spouse on the Same Investing Page
Hey there, BP! It’s Liz back this week because Matt is “tied up,” haha! I am super excited to share a simple, yet powerful exercise that you and your spouse…
4 Essential Strategies for Taking on a Negative Cash Flow Property
For many real estate investors, the ultimate goal of most investment properties is to achieve consistent positive cash flow. Without positive cash flow, your investments are pointless at best and…
The Power of Anchoring: How to Use Perception to Gain Competitive Edge
A few weeks ago, I discussed the power of anchoring with regards to negotiations. As Daniel Kahneman describes it: “[Anchoring] occurs when people consider a particular value for an unknown…
5 Clever (& Legal) Tax Strategies to Save Real Estate Investors Money
As a CPA a common question I am asked is: “How can I create a tax shelter using my real estate?” Let’s be honest: most of us, including me, do…
How to Build a House Hunting Database to Find & Track Deals
[Editor’s Note: A version of this post originally appeared in the BiggerPockets Member Blogs.] “Measurement is the first step that leads to control and eventually to improvement. If you can’t…
