Quotes of the Day

Every major city has modeling agencies enabling you to go online and choose a model to work your trade show booth. You can get an attractive model or two (a man and a woman is a good idea) for about $300 per day per model. [2007] - Chet Holmes

The 100:10:3:1 Rule: If you look at 100 properties, put offers in on 10, and try to arrange financing for 3, you may end up buying 1.If you found that all your offers were being accepted, you were offering way too much. [2001] - Dolf de Roos

Real assets fall into several different categories: 1. Businesses that do not require my presence. I own them, but they are managed or run by other people. If I have to work there, it's not a business. It becomes my job. 2. Stocks. 3. Bonds. 4. Mutual funds. 5. Income-generating real estate. 6. Notes (IOUs). 7. Royalties from intellectual property such as music, scripts, patents. 8. Anything else that has value, produces income or appreciates and has a ready market. [1998] - Robert T. Kiyosaki

House hacking is the idea of combining your investment property with your personal residence. The phrase is more often used to describe the practice of buying a small multifamily property (a duplex, triplex, or fourplex), living in one unit, and renting the other units out. When you plan to live in a property for at least one year, financing becomes much more friendly for the borrower. [2015] - Brandon Turner

A good rule of thumb is to budget 10 percent of total income for property management, but it will depend on the property type and the area you live in. Ask your real estate agent about the correct numbers to budget for your property type and area. Also ask your real estate agent for property manager recommendations. A great agent will have trusted contacts in this area. [2017] - Calum Ross