Donald K. Simpson Blog: 2018

Monday, December 31, 2018

Is it Worth Getting Your CCIM (Certified Commercial Investment Member) Designation?

CCIM designees deal primarily with commercial real estate. This includes apartments, offices, retail, hospitality, and industrial. CCIMs also include a variety of different professions involving real estate such as commercial brokers, lenders, and investors.

View the full article: Is it Worth Getting Your CCIM (Certified Commercial Investment Member) Designation? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2VncyDm

5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t)

Choosing your real estate investment strategy entirely depends on your personal goals -- but multifamily investing DOES have some distinct advantages.

View the full article: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2c227RG

Sunday, December 30, 2018

BiggerPockets Money Podcast 53: 2018 Financial Freedom Lessons With Scott & Mindy

Today, Scott and Mindy go guest-less to recap and review the things they’ve learned over the first year of podcasting. Looking for change your financial situation in 2019? THIS is the episode that can start you down the path to financial freedom.

View the full article: BiggerPockets Money Podcast 53: 2018 Financial Freedom Lessons With Scott & Mindy on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2BR8zpW

The Most Important Part of Your Investment (Hint: It’s Not the Actual Property)

The entire process leading up to owning a great real estate deal—acquiring, renovating, financing, doing real estate deals—is important. But none of this is the most important thing about creating a cash-flowing portfolio. Have you figured it out yet?

View the full article: The Most Important Part of Your Investment (Hint: It’s Not the Actual Property) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2GOp385

How to Pay Zero Taxes, Minimize Risk & Keep Your Sanity While Live-In Flipping

Have no time to devote to full-time flipping or want to dip your toes in the rehab world to see if it's for you? A live-in flip may be your ideal strategy.

View the full article: How to Pay Zero Taxes, Minimize Risk & Keep Your Sanity While Live-In Flipping on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2eeYHZ5

Opinion: You Shouldn’t Flip Houses While Working a 9-5 Job

Working a nine-to-five job and trying to have a successful real estate business—as in buying, fixing and flipping—in my opinion, is a recipe for disaster. Here's why.

from The BiggerPockets Blog http://bit.ly/2EZFE7d

Saturday, December 29, 2018

When it Comes to Your Rental Portfolio, How Much Cash Flow is Enough?

The conversation is mixed on how much cash flow is necessary to provide that “cushion” and how much is needed to help the investor grow his/her portfolio.

from The BiggerPockets Blog http://bit.ly/2slxHDp

How to Build Your Real Estate Portfolio Faster Using “The Stack”

If you buy one house every few years, saving up enough for the down payment each time, it could take 20 years to get the financial freedom you want. So, if you want to build a portfolio fast, what should you do? Today, I want to teach you a powerful strategy that I follow called “The Stack.”

from The BiggerPockets Blog http://bit.ly/2AjTDRi

7 Lessons to Raise Your Kids as Good Entrepreneurs—Not Good Employees

Think you want obedient children? They grow into obedient adults. Here are 7 lessons you can teach your kids to help them grow into good entrepreneurs!

from The BiggerPockets Blog http://bit.ly/2y361Vs

Friday, December 28, 2018

How to Avoid Getting Pummeled at the Top of the Real Estate Cycle

You can't predict the market. But it would be a mistake to sit on your hands, hoping for some horrendous crash to swoop in and pick up properties at pennies on the dollar. There are ways that you can continue to grow your portfolio now while protecting yourself from the risk that will come with the next cycle.

from The BiggerPockets Blog http://bit.ly/2Antpx7

The Difference Between LLCs, C Corporations, and S Corporations

New investors can get confused when they wade through the alphabet soup of entity and tax information. But entities are essential to running your business and protecting your investments. So let's take a closer look at the basics: LLCs, series LLCs, C corporations, and S corporations.

from The BiggerPockets Blog http://bit.ly/2SrwZNB

4 Reasons You Should Sell That Investment Property

As buy and hold real estate investors, we don’t usually sell. Still, it’s a reality. Sometimes, we need to trim the fat and cut out some properties.

from The BiggerPockets Blog http://bit.ly/2tb8ery

Thursday, December 27, 2018

5 Questions to Ask When Considering an Investment Partner

I’ve done a decent amount of partnering in my career, both within real estate and in other business ventures. My experience has helped me to develop an intuitiveness around potential partners. Here are the five big questions I like to ask myself before considering working with a new partner.

from The BiggerPockets Blog http://bit.ly/2rYfrNx

10 Tried & True Habits of Impressively Productive People

Don't just meander through the work day. Get things done and then go have some genuine fun. But how can you do that? Well, I'm glad you asked. Here are 10 of the best methods I've used and seen used that I would recommend incorporating into your life.

from The BiggerPockets Blog http://bit.ly/2EQCAt5

BiggerPockets Podcast 310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!

View the full article: BiggerPockets Podcast 310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2EPQfjT

Wednesday, December 26, 2018

How to Get Started in the Note Investing Business

When it comes to getting started in the note business, it really comes down to looking at who you are today, who you want to be, and how you plan to get there—and doing so while considering all the risks and benefits along the way.

from The BiggerPockets Blog http://bit.ly/2ERa9My

How to Set (& Actually Achieve) Life-Transforming Goals for 2019

As the year ends and the new year begins, many people are busy with the holidays—reflecting on the past year, setting goals, and sharing New Year's resolutions. As we all know, New Year's resolutions do not last through the year for most people. Don't let this happen to you!

from The BiggerPockets Blog http://bit.ly/2EMWDse

The Top 7 Traits of Unsuccessful People

There are clear differences in the habits and mindsets of the most successful and everyone else from my perspective. These factors are more important than whether you went to college, where you were born and grew up, your IQ, and how much money you have right now.

from The BiggerPockets Blog http://bit.ly/2Smp2t0

Tuesday, December 25, 2018

3 Ways to Find Out an Area’s Average Vacancy Rate

Vacancy rate: This term denotes the percentage of a year that a property will sit empty. It is a very important calculation to include in your numbers when you buy a rental property, but it is also an “average” number that you should consider when determining the best location in which to purchase a rental property.

from The BiggerPockets Blog http://bit.ly/2QQMrGB

A 60-Day Action Guide to Wholesaling Your First Property

So you want to become a real estate wholesaler? Great here's a general 60-day action guide to wholesaling your very first property.

from The BiggerPockets Blog http://bit.ly/2mDiMgq

5 Ways Real Estate Wins Big Where Stocks Fall Short

What's YOUR investment of choice? With the recent fall of the stock market, maybe it's time to check out real estate. Here are 5 solid reasons why.

from The BiggerPockets Blog http://bit.ly/2kwymJY

Monday, December 24, 2018

What’s Better Financially: Paying Off Your Home Mortgage or Investing That Money?

Many homeowners assume they should pay off their mortgages as aggressively as possible. But does that REALLY make financial sense?

View the full article: What’s Better Financially: Paying Off Your Home Mortgage or Investing That Money? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2dzJnH2

5 Darker Aspects of Entrepreneurship You Need to Accept Before Taking the Plunge

There is a darker side of entrepreneurship that few talk about. Failure to recognize this can cause a lot of stress and life detours.

View the full article: 5 Darker Aspects of Entrepreneurship You Need to Accept Before Taking the Plunge on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2mBNgmM

Cash for Keys: The Controversial Process That Could Save You Major Eviction Headaches

Cash for Keys is the practice of paying tenants to leave your rental so you don't have to evict. It doesn't feel great—but there are major benefits.

View the full article: Cash for Keys: The Controversial Process That Could Save You Major Eviction Headaches on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2iDQV1J

BiggerPockets Money Podcast 52: Creating a Life Worth Living Before Retirement With Roger Whitney

Roger Whitney learned early on that your life doesn’t always cooperate with your plans. The passing of his mother – who had always worked hard and saved for ‘later’ made him realize that ‘later’ doesn’t always happen. So he set out to create a life he loves – and NEVER wants to retire from. But [...]

View the full article: BiggerPockets Money Podcast 52: Creating a Life Worth Living Before Retirement With Roger Whitney on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2CvFkKX

Sunday, December 23, 2018

What Would Warren Buffett Do? 12 Quotes for Smarter Investing

If you feel like you're losing motivation in your investing career, it may be time to turn the timeless words of wisdom of Warren Buffett.

from The BiggerPockets Blog http://bit.ly/2fLlGfF

How to Use Price-to-Rent Ratio to Analyze a Location

One of the most popular numbers people like to consider when analyzing a location is the price-to-rent ratio. In other words, what is the average ratio of the median monthly rent divided by the median purchase price in the area?

from The BiggerPockets Blog http://bit.ly/2GDZXbX

3 Reasons You Should NOT Follow the American Dream and Buy Your Own Home

I think America is the best country in the world, but I think that the American Dream—or the perception of what the American Dream should look like—is dead.

from The BiggerPockets Blog http://bit.ly/2xOS1hh

Saturday, December 22, 2018

How to Successfully (& Legally) Raise the Rent as a Landlord

With rents soaring across the country, it may be tempting to up yours considerably. Before you do, be sure you're following correct (and legal) procedures!

from The BiggerPockets Blog http://bit.ly/28KHvJp

How Pivoting Allowed Us to Find an Extra $195,000 on a Deal

I always talk and write about the ability to handle any transaction, and this is a classic example. I call this pivoting. Once you get really good and comfortable with this (being able to change directions with a deal), it will pay you very well.

from The BiggerPockets Blog http://bit.ly/2ShJnQm

How One 30-Year-Old Built $40,000/Year Passive Income in a Few Years

How do you build $40,000/year in passive rental income? I interviewed Brady Hanna, who shared exactly how he did just that on an average salary.

from The BiggerPockets Blog http://bit.ly/2T5NVJA

Friday, December 21, 2018

2018 BiggerPockets Member Survey Results: 79% Completed a Real Estate Deal (& More!)

Expanding the BiggerPockets message and producing the best real estate investing educational content on the internet is thrilling. But we wanted to know how well our members are actually doing in real estate—what strategies you're executing and how that changed in 2018—so we asked!

View the full article: 2018 BiggerPockets Member Survey Results: 79% Completed a Real Estate Deal (& More!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog http://bit.ly/2A9KPgO

How We Pulled a 6-Figure Profit from an Owner-Financed Deal: Case Study

How is it possible to pull a six-figure profit from owner-financed deals with no banks, no credit and no cash out-of-pocket? I have one main answer—and a bunch of other cool variables.

from The BiggerPockets Blog http://bit.ly/2SfRCfE

The Biggest Landlording Mistake I Ever Made

It is one that at least 50% of investors continue to make—and not just first timers. Some experienced income property investors fall prey, too.

from The BiggerPockets Blog http://bit.ly/2EL2j6W

Thursday, December 20, 2018

The 7 Drawbacks of House Hacking (& How to Overcome Them!)

We frequently talk about the advantages of house hacking—living for free, building equity in a property, tax advantages, etc. What we rarely talk about are the drawbacks. As a house hacker, I feel obligated to share with you some of the drawbacks of house hacking that you need to be aware of and how to overcome them.

from The BiggerPockets Blog https://ift.tt/2QF66ZT

Colwood Corners by Onni in Victoria

Colwood Corners by Onni Group is a new 5 storey condo development located in Victoria, BC. This project will offer 284 units. Upon completion, Colwood Corners has the potential to provide 125,000 square feet of retail as well as multi-family residential.

The post Colwood Corners by Onni in Victoria appeared first on Vancouver New Condos.

from Projects – Vancouver New Condos https://ift.tt/2A5mWqs

The Pros & Cons of Using a New LLC for Every Property Purchase

Today, I am going to take a stab at one of the questions that goes around a lot. Should you get a new LLC every time you buy a property?

from The BiggerPockets Blog https://ift.tt/2nRrvzS

Wednesday, December 19, 2018

BiggerPockets Podcast 309: Closing 75 Deals Your First Year by Simply Modeling Others with Steven Pesavento

Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year.

View the full article: BiggerPockets Podcast 309: Closing 75 Deals Your First Year by Simply Modeling Others with Steven Pesavento on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

from The BiggerPockets Blog https://ift.tt/2ByxyxQ

5 Tax Strategies Smart Investors Consider Implementing at Year-End

With the new year right around the corner, most people are thinking about sipping spiked eggnog—but smart real estate investors are also finalizing their tax strategies. Read on for last-minute tax moves you can make. But you had better act fast, as time is running out!

from The BiggerPockets Blog https://ift.tt/2GvWo7y

7 Types of Tenants That Are Harder to Insure (& What You Can Do About It)

The "big box" companies especially will run screaming from the seven types of tenants described below. Read on to learn more about the seven types of tenants that are most difficult to adequately insure and how to handle these situations.

from The BiggerPockets Blog https://ift.tt/2R6dooL

Why You May Have Grant Cardone’s Concept of “Massive Action” Dangerously Wrong

Grant Cardone is a proponent of “10X” thinking and taking massive action. And he is damn right. But too many followers get the wrong message.

View the full article: Why You May Have Grant Cardone’s Concept of “Massive Action” Dangerously Wrong on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Tuesday, December 18, 2018

If You’re Pursuing Financial Independence, You’ll Feel Different Than Everyone—And That’s OK

If you're aggressively pursuing financial independence, people are going to question and joke around with you about your craziness. Be confident and know that your strategy will work and that these same people who were questioning you will one day be envying you.

View the full article: If You’re Pursuing Financial Independence, You’ll Feel Different Than Everyone—And That’s OK on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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6 Tips for Buying Properties at Foreclosure Auctions

If you're thinking of using this strategy or have tried and not been as successful as you’d like, then reading this article will help you to decide if foreclosure auctions are right for you and, if they are, how to navigate the process successfully.

from The BiggerPockets Blog https://ift.tt/2S8QhYa

After 30 Years of Real Estate Investing, THIS is What I Would Do Differently

“After 30 years of real estate investing, what would you do differently?” Learn from an experienced investor's answer to this interesting question!

from The BiggerPockets Blog https://ift.tt/1PaJru7

Monday, December 17, 2018

The Big Mistake Rookie Investors Overlook: Overestimating People

It’s important to shed some light on the realities of how hard deals will be for you. The difficulty is not usually because the unit you buy is so bad, but because of the inept people you’ll be forced to rely on along the way.

from The BiggerPockets Blog https://ift.tt/2STbjtH

4 Absolute Rules for Setting Appropriate Rent Prices

As an investor, you'll have to come up with answers to many questions when you consider acquiring a multifamily property. The first, and likely the most important question is: what will the rents be?

from The BiggerPockets Blog https://ift.tt/2JKGeEs

Sunday, December 16, 2018

BiggerPockets Money Podcast 51: Using Financial Freedom to Prioritize Family with Crispy Doc

Carlos Fuego is an emergency room doctor with a superpower—the ability to realize that money doesn’t buy happiness. Carlos is now living his best life, practicing the amount of medicine he wants to, when he wants to, and leaving in time to be home with the kids and help his wife run the household.

View the full article: BiggerPockets Money Podcast 51: Using Financial Freedom to Prioritize Family with Crispy Doc on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Is the Real Estate Market Actually Predictable?

When you're looking to buy property, you’ll want to reassure yourself that you’re buying at the right time. It’s a common belief that the real estate market fluctuates in cycles, with prices rising and falling at predictable intervals—but is that really the case? And if so, is it really possible to time the market?

from The BiggerPockets Blog https://ift.tt/2CitOlT

4 Steps Newbies Can Take to Get Ready to Invest (Even if You’re Still Saving Up!)

Are you part of the vast majority of people who really want to invest, but don’t feel like you’re ready? If so, don’t worry! These steps will help.

View the full article: 4 Steps Newbies Can Take to Get Ready to Invest (Even if You’re Still Saving Up!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Is it Wise to Set Up an LLC When Starting in Real Estate Investing?

While the decision to set up an LLC depends on your long-term goals, there are pros and cons to doing so or foregoing this step when starting out in real estate. Get the ins and outs here.

from The BiggerPockets Blog https://ift.tt/2UNPAoY

Saturday, December 15, 2018

7 Reasons So Many People Are Overpaying for Multifamilies Right Now

Why would anyone overpay for a multifamily deal? Why are some syndicator/investors still buying assets while others are running to the hills? We don’t know most buyers, but I will suggest seven possible reasons here.

from The BiggerPockets Blog https://ift.tt/2PFuyVA