- Real Estate Investing Basics: Foundational real estate concepts, including "house hacking" and moving forward after a first investment.
- The Difficulty of Change: Fear of the unknown, fear of failure and resistance to change prevent people from investing.
- Real Estate News and Commentary:
- An eviction in Koreatown, Los Angeles, that resulted in a firebombing attempt.
- The trend of school districts, such as the Monterey Peninsula Unified School District, providing employer-subsidized housing.
- What it means to "decommodify real estate."
Financial Advice Critique: Bad Advice: Dave Ramsey's financial principles, particularly his view on debt and the idea of a 50-year mortgage.
7 Steps to Financial Freedom: A financial plan that focuses on:
- Mastering self-education (pay cash for depreciating assets, borrow for appreciating assets).
- Mastering credit (checking your FICO score and building credit for cheap capital).
- Building an "opportunity fund."
- House hacking.
- Understanding the velocity of money (using the BRRRR system: Buy, Rehab, Rent, Refinance, Repeat).
- Moving from high-tax wages to low-tax business income.
- Achieving financial sovereignty (passive income exceeds expenses).
Key Principles of Real Estate Success: See a lot of houses, make a lot of (non-binding) offers
Five Key Characteristics of Investing in Residential Real Estate: Income, Depreciation/Tax Benefits (with mention of IRS Section 121), Equity Buildup, Leverage, and Appreciation. Section 121 is highlighted as a way to exclude up to $250,000 of capital gain per owner-occupant from taxation from the sale of a principal residence.
