Quotes of the Day

Most real estate is not a good investment. A great exercise, regardless if you have money, is to look at a number of properties and analyze their intrinsic value. Use creative financing, creative improvements, or creative ways to increase the value of the property. [2008] - Robert T. Kiyosaki

Writing offers is the difference between successful investors and excuse-laden pretenders. If the offer is rejected outright, then you know you haven't found the motivated vendor you're looking for; remember, dealing only with motivated vendors is absolutely critical. By receiving an outright rejection, you have just saved yourself substantial time, energy and money because there is no use putting any further effort into this property until the vendor is motivated. You may return in a few months when the vendor's motivation level has increased, but today is not the day for a deal, so move on to the next one. [2009] - Don R. Campbell

A single minute's worth of hard exercise three times a week can provide the same cardiorespiratory benefits as 45 minutes of endurance training three times a week. There is no question that endurance training will help you get fit. If you enjoy going for long, easy runs, keep it up! You're going to benefit from them in many, many ways. But there is a certain alchemy in the body that is activated by intensity. [2021] - Philip Shepherd

You must keep your rental property expenses separate from your personal income. Don't use your personal checking account to run your rental business! If you have the property owned by a legal entity, this could destroy any chance of protection that entity might otherwise offer. Head to your local bank and open a business checking and savings account for the property. [2015] - Brandon Turner

Every professional specialty has one or more shadow professions, which require much less training. For example, instead of becoming a doctor, you can go into paramedical work; instead of becoming a lawyer, you can go into paralegal work; instead of becoming a licensed career counselor, you can become a career coach. There is always a way to get close, at least, to what you dream of. [2013] - Richard N. Bolles