5 Evil Traits Shared by Most Successful Business Owners
Does success in business necessitate crossing the boundaries between good and evil? I certainly don’t believe that. But I do believe that a few character traits commonly associated with the…
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.
Why Every Investor Should Treat Real Estate Like a Business, Not a Hobby
When my father first began investing in real estate, it didn’t go particularly well. As he recounts it, he made pretty much every mistake in the book: buying too high,…
3 Types of General Contractors (& How to Choose One for Your Project)
2014 goes down in the books as an interesting and awesome year for us. We bought and sold several houses last year, and it has been the launching pad for…
How to Deduct Travel Expenses by Investing in Places You Vacation
Everyone’s strategy for purchasing rental real estate is a bit different. Some investors like to find properties close to home so they can keep an eye out for any problems.…
How to Avoid Shiny Object Syndrome in a World of Shiny Investment Opportunities
In Pixar’s wonderful film Up, the main characters find themselves amongst dogs who have collars that translate their thoughts into English. The thoroughly insightful dog Doug explains then explains to them how “his name is Doug”…
Real Estate Insurance 101: How to Best Protect Your Investments
In a recent BiggerPockets article, “Used Wisely, Debt Can Absolutely Produce Wealth: Here’s How,” I discussed the efficient, productive use of debt to build wealth, but I also referenced the fact…
The 3-Step Exercise to Help You Work Towards the Life You Want
There’s this million dollar question I ask my clients during our first meeting. After we discuss their financial goals for “retirement” and the why behind those goals, I pause for…
The Incredibly Simple (Free) App That’s Going to Revolutionize How You Manage Real Estate Projects Forever
Have you ever enjoyed dinner at a fabulous restaurant or experienced incredible customer service at a local store? What’s the first thing you want to do? If you are anything like me,…
Single Family vs. Multifamily: Which is the Better Investment?
I get asked a lot, “Hey Michael, I’m interested in cash flow real estate investments. What’s better: single family rentals or multifamily properties?” It’s difficult to answer this question definitively,…
Investor Seeks Joint Venture Partner: How to Find the Perfect Match
Finding the perfect someone is what life is all about, right? You can fill out a thorough hour-long questionnaire on eHarmony and Match.com. They know all the questions to ask to…
7 Intuitive Tech Tools to Streamline Your Wholesaling Business
Is managing your phone calls and seller leads on paper or with Microsoft Excel driving you mad? If so, then I know exactly where you’re coming from. If you’re like…
The Pumpkin Plan: A 7 Step Process for Fast Business Growth
I recently read what I believe is one of the best business books on the market. It is called The Pumpkin Plan by Michael Michalowicz. This book lays out a…
7 Daily Steps to Steadily Build a Real Estate Empire
Real estate can be a very hectic business. There are often many projects going on all at the same time, and every one of them needs attention right this second.…
