22 June, 2020
For most people who work a regular 9 to 5 job they are trading hours for dollars. The only way they can increase their income is to work longer hours. Or ask the boss for a raise. But what if you were able to tap an income stream that poured money into your bank account no matter what you did? Even when you were asleep! This is called passive income and is the best way to increase your...
When talking about passive income and real estate investments we want to differentiate it from active income and portfolio income. We are really talking about the income you earn from rent charged to your tenants of real estate that you own. What is active income?Any income that you receive from performing a service is active income. This includes wages, salaries, tips and commissions....
$50,000 is more than enough to get you started on your way to becoming a real estate mogul. Ideally you want to turn your $50,000 into $200,000 and more and real estate is a great way to accomplish that. Flipping, renting, REITs, partnerships and crowdfunding are all ways to invest your $50,000 nest egg and turn it into something big! House Hacking: When you are just starting out the t...
Multi-family rentals are those buildings that are designed to be occupied by more than one family. This would include duplexes, triplexes, quadplexes and larger apartment buildings. The benefits of owning and renting out multi-family units include being able to generate bigger returns faster, easier financing, ability to afford professional management, security, tax advantages, and pot...
One of the best and easiest ways to get started in real estate investing is to purchase single family rental units. Typically, these are detached or semi-detached starter homes or even condos in good areas that you purchase and then rent out to earn income. Benefits include being cash flow positive, build up equity as your tenants pay down your mortgage, tax advantages and you may expe...
Do you know a healthcare provider who deserves some serious rest and relaxation once the brunt of this current pandemic has passed, and life begins returning to a new normal? We want to show our gratitude to the brave heroes serving on the front lines of the COVID-19 battle, so the KASA Hotel Collection - a member of Small Luxury Hotels of the World - is offering a 10-day luxury vacati...
IRA stands for an Individual Retirement Account and it is a tool designed by the IRS to help you save for your retirement in a tax advantaged way. By following the rules and starting early you can make millions using your IRA and be set for your golden years. There are different types of IRAs – traditional and Roth, SEP and Simple. Traditional: When you contribute to a traditional IRA...
Stay up to date with the latest investment fund, luxury hotels, and real estate tips and news.
