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10 Tips for Buying a Residential Rental Property, Part 9: Bigger Is Not Always Better

by Sasha

This is the ninth tip in a 10-part series on purchasing residential rental properties based on my experience. 9. Bigger is not always better. As your property size and square footage help to determine your tax rate, an acre or more of land really isn’t necessary. You’ll mow it (or pay to mow it) and ... Continue reading this article…

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Financial Advisers and Stock Brokers: What’s the Difference?

by Luke Landes

You would think that the roles and responsibilities would be clear and there would be a strong line between individuals who call themselves financial advisers and those who call themselves stock brokers. The obvious answer is that advisers give impartial advice based on the best interest of the client and brokers sell products as a ... Continue reading this article…

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The Declining Value of the MBA

by Luke Landes

Among the high-powered analysts and hedge-fund superstars, obtaining an MBA is losing its attraction. Even degrees from the most prestigious schools like Harvard and Wharton are viewed as a waste of time and money if the student could be earning hundreds of thousands of dollars a year as a stock analyst or millions as a ... Continue reading this article…

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10 Tips for Buying a Residential Rental Property, Part 7: Look Out for Safety Issues

by Sasha

So you understand the construction of the home you are looking to purchase, including its foundation. The next step is to analyze the property from a liability standpoint, assessing potential safety concerns and budgeting to fix them as part of your initial investment. 7. Look out for safety issues. For anyone looking to purchase a ... Continue reading this article…

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10 Tips for Buying a Residential Rental Property, Part 6: Beware of Houses Built on a Cement Slab

by Sasha

Simplicity, accessibility, and replaceability are important aspects of rental property construction, but at the foundation of your investment is the foundation itself. This week, a caution: 6. Beware of houses built on a cement slab. Not having a basement can cost you much more than storage space. In some places, like parts of Florida and ... Continue reading this article…

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The Fall of the American Empire

by Luke Landes

David Walker, the Comptroller General of the United States, had some harsh words for his country last month. I’m surprised that I didn’t hear of this earlier; I’ve also been thinking about some of the issues Walker raised, but until now, I haven’t heard them echoed by anyone actually involved with governmental policy. His words ... Continue reading this article…

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Accidental Landlords

by Sasha

As you might have noticed from my rental articles to date, I believe that landlording is a serious responsibility, not to be undertaken lightly. You can realize serious benefits from a rental property, but also serious repercussions. Because of this, I read today’s CNN Money article on so-called “accidental landlords” with great interest. In the ... Continue reading this article…

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When to Sell Your Car

by Luke Landes

Yesterday, I mentioned you can save $31,000 over 10 years by keeping your car rather than selling it with your eyes on the “new hotness.” But there are certain times you just shouldn’t hang on to “old and busted.” Consumer Reports has some suggestions for when you should say goodbye. It needs repairs costing more ... Continue reading this article…

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