Layoff Lesson 2 – Instant Regrets and Mindless Spending
Sunday, January 03
My recent financial history flashed before my eyes after I hung up with HR. I thought of the last two weeks of spending and instantly cursed our recent expenditures. The night before the layoff we had spent $64 to eat out for a family of five. We had just subscribed to Pandora even though we...
Layoff Lesson 1 – The Time to Prepare for the Unexpected is Before
Sunday, January 03
Obviously. This extends well beyond a layoff. It can deal with family tragedy, an illness, or a natural disaster. It also can deal with positive events: an investment opportunity, a career change, or striking out on your own as a business owner. Stop the bleeding. The worst position to be i...
What Getting Laid Off Taught Me About Financial Independence
Sunday, January 03
This series is going to focus on what a layoff taught me about being financially independent from a W-2 income. In the fall of 2020 with the world in the middle of a pandemic, I was laid off from the company that I had worked at for over a decade. Fortunately, this was not totally unexpected. ...
Cost Segregation - Where is my K1?!?
Wednesday, December 16
If you are like me, you like to get your taxes done As Soon As Possible. January 1st usually has me putting together the list of forms and actions I need to take to get tax information over to my accountant so that she can process my annual return. I spend the month of March impatiently waiting...
Pro Formas - Know the Numbers
Saturday, December 12
Pro Formas – Know the Numbers Every real estate deal begins with the pro forma. The pro forma is the table that provides the budget for the property and every relevant number that an investor needs to know. Rate of return, cap rates, cash-on-cash return, and every other fancy financial term f...
Syndication 101 - Passive Income in Real Estate
Monday, November 16
Understanding a syndicated real estate investment requires a basic understanding of real estate investing and financing. Real estate is one of the most lucrative asset classes to invest in, but it is also one of the most expensive. Most investors that want to scale (buy multiple properties or b...