Top Ten Tips for creating Wake-Up Money

February 18, 2009 by kcolgin · Leave a Comment 

1. Buy residential properties.  Houses, condos and townhomes.  Stay away from land and commercial real estate unless you are   an experienced investor or are buying as a business “user”.
2. Buy “mainstream” houses and condos.  Buy properties that are at or below the average sales price.  Buy properties that appeal   to most buyers.  Avoid high priced or unusual [...]

Wake-Up Money – Part Three

February 18, 2009 by kcolgin · Leave a Comment 

The Benefits of Residential Real Estate Investment
Residential real estate offers five major benefits.  Most other investments offer only one or two.
1. Cash Flow – The rent provides income, i.e. “Wake-Up   Money.”  This is your ultimate goal.  When your property   is “free and clear”, you have the maximum cash flow and   “Wake-Up Money.”
2. Leverage – You can own [...]

Wake-Up Money – Part One

February 16, 2009 by kcolgin · Leave a Comment 

Financial freedom occurs when your annual investment income (your money at work) exceeds your annual lifestyle expenses.  At this point you have “Wake-Up Money.”
I have many customers who have achieved (or are on the path to achieving) this “Wake-Up Money” lifestyle.  Many of them have modest incomes but have become “Rich” through their investment in [...]