Articles

Software job = Pizza Franchise = Rehabs = Apartments

Many of you want to get to somewhere that you aren’t yet. That’s normal. People want to achieve and want to increase their station in life. Michael Blank, our speaker at Traction REIA this month, was the same way. When I first met him many moons ago in 2005, he had just left a job in the software world. He…

The nasty back-bite from indecision

Let’s consider the cost of indecision… And the nasty back-bite that can come from it. In our last email we spoke about your “Rat Race Number”. It’s how much passive income you need each month to cover all your expenses and not need to have a j-o-b anymore. Now let’s say your Rat Race Number is $5,000 per month. That…

What’s your Rat Race Number?

What’s YOUR Rat Race Number? (And why is it important to know?) Let me ask you a question: have you thought about your “rat race number”? The Rat Race Number is the amount of money you would need each month to cover your income and quit your job. Specifically, it’s the amount of PASSIVE income you would need to cover…

The story of Michael’s first apartment building

I asked Michael Blank to tell me about his first apartment deal. TOM ZEEB: Hey Michael, tell us the nitty-gritty of your first apartment building deal. We have a lot of people excited, but we want to know how it actually works. MICHAEL BLANK: I’m going to use my first deal as an example to demonstrate to you WITH REAL…

4 Powerful Ways You Make Money with Apartment Buildings

There are 4 powerful ways you make money with apartment buildings: 1. — CASH FLOW This is the amount of money that is left after ALL expenses and mortgage payment. 2. — APPRECIATION This is the difference between what you bought the property for and what you sell it for (minus expenses). 3. — LOAN REDUCTION Also known as amortization,…

Utter Stupidity: The reason I started my podcast

I don’t use social media much. Something about it bothers me. My assistant handles most of my posts and puts my videos up on there. But a couple years ago I bothered reading a bunch of posts on there. And it seemed like a non-stop stream of NOISE. And fairly empty and meaningless noise. Perhaps a bad glimpse into modern…
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