How to Find the Best Rental Property Insurance

When all goes well, investing in rental properties can be a great way to earn some extra income. Yet turning on that passive income stream requires a lot of work.  In addition to the hoops you need to jump through to become a landlord in the first place, you must continue to protect your rental property investment for the long term. One way to accomplish this goal is to choose the best rental property insurance coverage you can.  This can Read More

Chase Business Checking vs. Bank of America: Which Is Better?

Having a business checking account seems like a given for any small business owner. Part of separating your personal and business finances simply has to involve a business checking account, along with applying for and using new sources of credit. While a business checking account can’t usually offer the rewards of business credit cards, it is vitally important. Unfortunately, not having a business checking account isn’t just inconvenient, it could also spell bad news for your business.  In a survey Read More

Best Real Estate Crowdfunding Platforms in 2020

Although it’s a relatively new concept, real estate crowdfunding has become quite popular. It allows a large number of investors to pool together their money and invest in real estate properties they may not be able to afford on their own.  Here’s an example of how it may work: Real estate developers want to buy a run-down apartment complex so they can renovate it and later sell it. They need to raise money from investors so they use a crowdfunding Read More

What is the BRRRR Method?

It might be a little chilly outside, but you’re going to be saying brrrr for some other reasons. Particularly, when it comes to real estate investments. BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat, used in real estate investing. When done right, you could earn a hefty return on your real estate investment within a few short months, helping you quickly build up a decent passive income. Here’s what BRRRR is and how it can boost your real estate investments. Read More

How to Refinance Your Investment Property

If you own a rental property, refinancing your investment property can help free up extra money for future investments and reduce your monthly payments. However, refinancing an investment property isn’t as easy as refinancing a home mortgage. There’s stricter requirements, and more costs to worry about.  Below, learn about the benefits of refinancing real estate and how to refinance your mortgage.  What are the benefits of investment property refinancing? Refinancing real estate can be a smart choice even though you’ll Read More

How to Use Business Credit to Buy Real Estate

Building solid business credit is a wise goal for any business owner — including real estate investors. Good business credit comes with a lot of perks. First and foremost, it may help you qualify for commercial loans in your company’s name (often at decent interest rates).  With many types of investment property loans, lenders check your personal credit reports and scores when you apply for financing. Good personal credit may help you to secure better terms and lower interest rates. Read More

Why are My Credit Scores Different?

We get the “why are my credit scores different” question a lot. And for good reason: it can be confusing. You check with Nav and see your scores, but then your lender says your score is different. You get your FICO credit score…and it’s different too. It usually goes a little like this: “I see my credit scores with Nav and my highest is a 734. But, I applied for a loan and the lender said my score was a Read More

LLC vs. Sole Proprietor: How to Make the Right Choice for Your Business

There’s a famous quote that says: “Life is all about making choices. Always do your best to make the right ones and always do your best to learn from the wrong ones”. The decision to incorporate or not incorporate your business can be a very important choice, so for this article I wanted to hone in on a limited liability company (LLC) vs. the sole proprietorship, to assist you with making the right choice in terms of whether or not Read More

How to Do Cash For Keys with Tenants (Instead of Evicting)

Many popular books on building personal wealth advocate residential real estate investments. The idea is that becoming a landlord by purchasing multiple properties and leasing them to renters creates a regular passive income over time. However, most landlords would laugh at that idea, as the job can often be the opposite of “passive.” Handling property maintenance, unexpected repairs, payment issues, and problem tenants are frequent sources of landlord headaches. However, the idea of “cash for keys” aims to simplify at Read More

Bank of America Announces Changes to Small Business Cash Back Program

Bank of America – or “BOA” – is a well-known player in the small business credit card realm. Its products include the popular , which has given companies flexible rewards for everyday business spending with a annual fee. The company recently announced some changes to the program, however, that will affect both new and existing members. Here’s what you need to know. What’s New The card originally offered 3% cash back on fuel and office supplies, with a cap at Read More