by Tom Henderson | Aug 21, 2015 | Blog
Knowing the concepts of the Time Value of Money can help achieve astronomical yields. We measure the relationship of the Five Variables applied to the Time Value of Money. As a quick review the five variables are: N = Number of Periodic Payments I/YR = Yield PV =...
by Iain Day | Jul 26, 2015 | Blog, Expert Advise, Taxes
Read Part 2: Doing The Math Now, for the tricky part: How do I fund the account? The answer is simple to say, but hard to execute. Here are a couple of methods to get the cash for an emergency fund: Set a budget within your monthly income and expenses, and save up the...
by Iain Day | Jul 26, 2015 | Blog, Expert Advise, Taxes
Read Part 1: Why Your Rental Business Needs an Emergency Fund To calculate how much your emergency fund should hold, add up the following expenses for all of your properties: Monthly mortgage payments Taxes Insurance premiums Condo fees Operating utilities (Notice...
by Iain Day | Jul 25, 2015 | Blog, Expert Advise
A savings account. An emergency fund. The piggy bank. Whatever you call it, most of us believe it’s wise to have some extra cash saved up for a rainy day. We all seem to understand that “life” happens, but it’s still frustrating when the...
by Robert Cannon | Jul 18, 2015 | Blog, Expert Advise
Do you know what the top 5 mistakes that investors should avoid making are? Well, in my opinion they are: PICKING THE CHEAPEST LENDER – As with many things cheap is not always best. Most private/hard money lenders for example compete on rate and points. However, most...