I’ve checked out open houses every weekend for the past 16 years. The idea is to blend exercise with remodeling ideas and property knowledge into a one to two hour window. I’ll usually visit three to four open houses within a two mile radius. The knowledge gained from open house hunting helped me remodel a couple houses without the use of an architect and gave me confidence to go all-in in 2014 when I bought a fixer in SF,…"Winter Is The Absolute Best Time To Buy A House"
For a guy who likes to thoroughly analyze things, I made a mistake when selling my house that could have cost me hundreds of thousands of dollars. Before accepting the final offer, I failed to do a thorough analysis of what similar homes bought at a similar time for a similar price sold for most recently. Instead, I just looked at current listings, recently sold homes no matter when they were purchased, looked at how…"What Every Home Seller Should Do Before Listing"
If you read about the 1031 exchange, you’ll immediately think it’s the greatest thing on earth for real estate investors. What’s not to like about paying zero capital gains tax after the sale of a property? The government already taxes real estate investors through an annual property tax and a transfer tax upon sale. Having to pay capital gains tax on the way out can be very painful, especially since prices have surged to all-time…"Reasons Not To Do A 1031 Exchange To Save On Taxes"
This morning, CoreLogic released its monthly report on Australian house prices – the world’s longest running bull market. Finally, measures to tighten credit standards and dissuade overseas buyers (especially Chinese in Sydney and Melbourne) are beginning to bite and price rises ground to a halt last month. From the report… Since moving through a peak rate of growth in November 2016, capital gains across Australia’s housing market have been losing momentum, with national dwelling values…"World's Longest Bull Market (55 Years) In Australian House Prices Is Over, According To UBS"
Do you ever feel like your faith is being tested? I’ve been feeling this way a lot more recently. For example, I always get to the bus stop right after the bus leaves. Yet every time I drive down the hill because I’m sick of waiting 20 minutes for the bus, the bus drives by. I recently published The Worst Landlord Horror Story Ever, a story about a reader who bought a Las Vegas residential property…"What A Potential Real Estate Crowdfunding Loss Looks Like"
My first understanding of the power of influence came as a 21 year old at 1 New York Plaza, New York City. During a job interview with a sales trader at Goldman Sachs, I remember him telling me the most frustrating thing about his job was that as soon as GS showed up in the queue to buy, the stock would instantly move higher. His job was to buy stock for an institutional client at…"Develop Your Sphere Of Influence To Achieve Financial Independence"
Washington D.C. based Fundrise is one of the most innovative real estate crowdfunding platforms today. They were the first to create the eREIT, a real estate fund that uses crowdfunding regulations to provide access for non-accredited investors to invest in private real estate across the country. Then they invented the “Internet Public Offering,” where the company directly raised over $14.6 million from 2,300+ Fundrise customers in a matter of 27 hours. When they contacted me to sponsor…"Fundrise eFunds: An Innovative Way To Invest In Your Future Home"
A large financial windfall can either be a joyous occasion or a stressful occasion. It all depends on how well you plan. Because it’s generally easier to spend than to save, I always recommend folks sit on their cash for at least a month before making any moves. Holding a lot of cash is not a bad thing even in a raging bull market. A cash stash is only stressful if you suffer from an…"Ideas For Reinvesting Proceeds After A Home Sale"
Authored by Daniel Wong via BetterDwelling.com, Canadian real estate prices have soared, and so did borrowing against that value. Our analysis of domestic bank filings from the Office of the Superintendent of Financial Institutions (OSFI) shows that loans secured against property has reached an all-time high. More surprising is the unprecedented rate of growth experienced this year. Total balance of loans secured against residential real estate across Canada, as determined through regulatory filings from all…"Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever"
After hearing direct feedback from about 80 of you through social media, my private newsletter, various post comments, and a poll with over 1,500 votes, I decided to sell my Marina, San Francisco rental house I bought in early 2005. I lived in the house from age 28 -37 and had some wonderful memories there. But after three years of being a landlord, it was time to move on. The decision was incredibly agonizing because I…"Why I Sold My Rental Home: Had To Live For Today"