I recently had a great interview with Jonathan Farber who runs the Millennial Millionaires podcast network.  Jonathan is a great guy and I thought that the interview went very well.  I hope I get a follow-up interview so I can go into more detail on some topics. There are 1000’s of articles on how to get no money down deals, increasing the number of doors you own, how to refinance and re-leverage, etc.  My topics are how to actually be a landlord.   1) Spotify Link 2) Apple Link 3) YouTube Link    Podcast link: Millennial Millionaires Through R ..read more

Many investors have emailed me to wonder what I am doing about the CoronaVirus.  That is what the topic is in this post, Landlords and the CoronaVirus. The Minnesota State Governor has declared a moratorium on evictions, and the State Attorney General says he will prosecute any landlord that attempts an eviction. Meanwhile property taxes are due, mortgage payments, insurance, HOA dues, utilities, lawn care, etc. Landlords and the CoronaVirus do not mix in this environment.  What do you do? Landlords and the CoronaVirus If you are concerned about the virus, and how to protect yourself, please ..read more

I was recently featured in an article on an Expert Roundup.  The topic was “What steps should people take if they want to live a debt-free lifestyle?” There are a lot of steps people can take.  Unfortunately, very few people have the willingness, or the desire to actually do it.  Debt can be good, however no debt is even better.  Living my retired life, without any car payments, mortgages (except two on 10 properties), means I sleep nearly worry free. Here is a take on what I contributed to the group.  There are a lot of other great answers there too. You w ..read more

I finally sold a property. That does not mean it took a long time to sell, but I actually sold a property and used a 1031 Exchange to defer capital gains taxes.  I wanted to move out of the St Paul area with my rental, and move into a growth area.  The new mayor in St Paul will do nothing but increase taxes, and make life more difficult to do business.  So, I sold my St Paul property. Here is what happened to the property, and how I bought a new property with a Considerations of a 1031 Exchange. Considerations of a 1031 Exchange. I needed an intermediary for the 1031 exchange ..read more

This is a post near and dear to my heart.  Being a traveling landlord myself,  it all makes sense. It was produced by G. Brian Davis of SparkRental.com.  I have been doing a lot of travelling myself doing a 1031 Exchange, and several trips (1,600 miles each way) to get it ready for a vacation rental.  Maybe a post on that adventure later… Here is how to be a Traveling Landlord I don’t know about you, but I didn’t become a landlord because I wanted a second job. I became a landlord because I wanted passive income. Money that flows in every month without me having to do much – or ideally any ..read more