Monthly Archives: September 2011

Intro to Real Estate

Read time: 2 minutes

I wanted to take the time to write a little about my experiences with real estate. As you can see on the sidebar to the left, I own a few houses and have another in the works. I actually closed on my third house today. If you have read The Millionaire Fastlane, one of the paths to wealth is through intentional iteration, and more specifically, through real estate. Basically you build yourself a stream of income through the rents you will collect. You can refinance and pull out the equity you build in the houses in order to get more houses. Wash, rinse, repeat. You can also “flip” houses, but I am following the buy, hold, rent strategy for now.

While I eventually plan on getting into a business of some sort, I plan to buy enough houses to sustain myself without having to get a “job” per se. My goal is 10 houses by 2016, and I am well on my way thus far.

If you are thinking about getting into real estate, I highly recommend the book, The Weekend Millionaire’s Secrets to Investing in Real Estate by Mike Summey and Roger Dawson. The title sounds cheesy, but it has very good advice, and even an action plan so you get out there and do something. The NOI spreadsheet I use is basically identical to the one in the book.

Also, I had literally ZERO construction experience before purchasing my first house. You learn things pretty quickly and if you can even work alongside the people you hire, you will learn so much and become quite handy.

I hope to write many more articles on RE with tips, tricks, and advice in a simple format and get you to take action if you are serious about getting into it. One of the tips in The Weekend Millionaire that I haven’t been following is to hire a property manager. It emphasizes the fact that you should not be doing the little things like unclog a toilet because your time can be better spent elsewhere. I am using somewhat of a hybrid approach; I get the properties rented myself, but have a maintenance guy I can call to take care of all the little things. I like this approach so far as it still saves me a significant sum of money (10% of the gross rents!) while freeing me up so I don’t have to do every single little thing. Once I get many more houses, I may have to hire a property manager, but for now this system is working out since I am on a budget.

Why Most Workouts Don’t Work Out

 

Read time: 90 seconds

I am a health nut. I care about my diet way more than I should. I have never really been overweight. Yet I obsess over my health and my weight more than most personal trainers. I attribute it mostly to my wrestling days (starving myself and wearing sweats to bed to make weight) but I am concerned about my health in my later years, and know that by taking care of it now, I will have less issues to deal with in the future.

Most workouts don’t work out for one reason, they are not fun! An example in my life has been my constantly trying to enjoy running. I have even joined a running club for accountability, but the fact still remains, I hate running! The only way you will ever get in the habit of regular exercise is if you enjoy what you are doing. Whether that be a sport, workout videos, zumba, or whatever suits your fancy, I guarantee you won’t stick with it for long unless you enjoy it.

For me personally, I have found the workouts on bodyrock.tv very enjoyable. It doesn’t hurt that Zuzana is smoking hot too…;) I also love to play DDR, which can be quite a “workout” in itself. I enjoy playing sports and I enjoy riding my bike.

You have to find a type of exercise you will enjoy or you won’t stick with it. Period.

Unconventional exercise also helps, especially on the road as my friend, Kevin, has discovered with his “mobile fitness” videos. You must get creative and above all else enjoy your workouts. Even if you just like walking in your local park; if you do it regularly, I guarantee you will see results. As long as you aren’t eating like total crap.

Take action now: Think of how many times you have told yourself you will exercise/run more/finally get to working out this year, and how many failed new year’s resolutions have followed. Now think about what kinds of exercise you truly enjoy. It could be any kind of sport, yoga, kettleballs, even sex! Find an exercise you enjoy doing, and stick with it! It’ll do wonders for your health and overall well-being.

Disclaimer: I am not a doctor, nor claim to offer any advice on health or medical issues. This is just my opinion so take it or leave it!