James Goddard is a great example of someone who refused to drift along in life. As a teenager, he wrote down 127 specific things he wanted to accomplish. He included goals he would like to...
Mortgage Bankers vs. Brokers
As a real estate investor, you need to know the difference between a mortgage banker and a mortgage broker. Knowing the difference is going to help you out in the lending process by opening up your...
21 Key Questions: Business Model Canvas
No matter how new your business idea is, it's never too early to test the waters with a business model. For instance, you need to think about the structure of your business: do you want to create a...
8 Major Life Areas to Change: Part 1
The first step to causing a successful transformation in your life is to specifically identify the things you want to change! You need to ask yourself, “What exactly is it that I want?” Most people...
How to Make $100k a Year Tax Free: Real Estate Investing
When I was younger, I had a dream to replace my earned income with passive income (also known as investment income). Years later, my wife and I were in Paris, doing the tourist gig. The Eiffel Tower...
Organizing Cost Structure: Business Model Canvas
In the last eight weeks, I've been taking you through the Business Model Canvas. It's an essential business tool that, when used correctly, can almost guarantee success. Today, I cover the last...
Wealthbuilders is Looking for Partners!
In a couple of days here (April 7th-April 16th to be exact), I will be traveling back to Kampala, Uganda to check in on some Wealthbuilders projects. In preparing for this trip, I've started to...
How the Real Estate Lending Markets Work
A man once said: The real estate business is not about real estate - it is about finance. He was right. One of the biggest hangups for people in real estate investing is not knowing how to finance...
Developing Key Activities: Business Model Canvas
Every business has to do something in order to produce revenue. On the Business Model Canvas, we refer to these as Key Activities. Key activities are what you do with your key resources. In this...
Switching up the blog schedule….
Thank you to everyone who contributed to my survey! If you've been on my website in the past week, then you probably noticed the survey to the right. I was curious to know what days of the week you...
Q&A: Asbestos, Profit and Flipping Houses
Recently, a friend of mine asked me a real estate question about a foreclosed house he’s interested in flipping. I love taking people’s questions, but also want to share that information with all of...
Defining Key Resources: Business Model Canvas
When filling out the Business Model Canvas, the Key Resources section indicates the things you need to deliver your value proposition to your customer segment. For instance, if you own a coffee...