I just spent New Years Eve in Biloxi with Beverly and Little Richard at the grand opening of their new theatre. He has just turned 74 and put on his show in spite of severe leg pain, a brother who had recently passed and mourning the recent death of his close friend, James Brown.

This guy has been going strong for over 50 years and still plugging. In the audience that night was George Jones, who I’m told just turned 80 and Tina Turner, age unknown, but gettin up there, and the night before we watched the 4 Tops and the Temptations, all old geisers still doing their thing. (more…)

In my former days of being in tax practice I literarily did hundreds of amended returns for refunds of past paid taxes because of missed deductions or strategies. Here were the results: (more…)

When I started investing in real estate in 1982, I thought you had to have money. I was working a job and was broke. Since then, I have learned that you don’t need money, credit, or a steady job to do this type of investing. Of course, having a little cash wouldn’t hurt, but I know some of my readers don’t have any I so this article is for you. Mortgage Brokers and Short Term Money. (more…)

We all have choices in life. We can spend our lives making a living or we can choose to make some real money. Unfortunately, most people choose to make a living. They don’t take time and spend their lives walking over the dollars to get to the dimes. Most real estate investors are no different. (more…)

We got a request from FFN member Robert Pinsky to address the subject of high priced houses VS market rents and how to do lease options in areas like his, Southern California, where the payment is more than rent.

Thank you, Robert, for submitting the request and let this be a cattle call to all members to do the same. These monthly lessons are for you and should address issues that bother you as well as things I think you should know. So, let Dennis know what keeps you up at night and I’ll fix it for you. Papa can fix anything. At least that’s what my grand kids think. Beverly knows better. (more…)

Yesterday I took my wife in for a medical checkup and decided to sit in the parking lot and read. After a while I looked up and took notice of the cars parked around me and was amazed at what I saw.

Not one of the 15 or 20 cars I saw costs less than $35,000 and there were numerous luxury cars including two S500 Mercedes (in a addition to mine) and two Hummers. (more…)

Everyone has a comfort level in which they live and work. That level is determined by several factors and can be changed with practice and time. We have a choice of what we do each day, how we spend our time and how much money we make. This may come as a surprise to some people who are convinced their income is someone else’s choice, not theirs. Nothing could be further from the truth. Your income is the result of one thing and one thing only…. (more…)

This is a proverbial (and important) question for the real estate investor. To accomplish the essential task of selecting the right entity, first, you have to look at both the legal and tax side of entities as follows.

The three main types of state-registered entities are
(1) Limited Liability Companies (LLC’S), (2) Limited Partnerships (LP’S) and (3) Corporations (C or S). (more…)

Event Date: Wednesday, April 29th 2009
Event Time: 9:00 PM (EST)
Event Type: Webinar (more…)

A great deal of my time is devoted to teaching and I’m always confronted almost everywhere I appear with three different types of people in my audience.

The first type are those who are bearing me for the first time and just beginning their awareness stage of their training. They never knew so much opportunity was available or how to get at it so easily. Their lives are catered to conventional wisdom, listening to broke people tell them how to get rich. (more…)