Quotes of the Day

Of all the relationships you will build, banking relationships are the most important. When you have four or fewer properties, the Federal Deposit Insurance Corporation (FDIC) views you as a passive investor and it classifies your loans differently than it does after you have five or more. At this level, your loans become investor loans and are viewed as having higher risk than the first four. A good rule of thumb is to maintain enough cash to cover 3 to 6 months of expenses even if you have no income. [2004] - Mike Summey

Exercises like rapid walking, running, biking, swimming, cross-country skiing, and jogging are so beneficial. Ideally you should try to raise your heart rate to at least sixty percent of your maximum pulse rate. Your maximum heart rate is generally accepted to be 220 less your age. The "training effect" is generally considered to be between 72 and 87 percent of your personal maximum rate. [2004] - Stephen R. Covey

Professional investors do two things. One is to focus only on great investments. The second is to hedge. [2008] - Robert T. Kiyosaki

You should be taking pictures of your tenants and also taking pictures of your property before the tenancy begins. Take video as well. You want proof if there ever is a dispute regarding the property's condition before the tenancy. Try to get a photocopy of your tenant's driver's license. [2015] - Gary Wong

The "big five" factors of personality are neuroticism (which reflects emotional stability), extroversion (seeking the company of others), openness (interest in new experiences, ideas, and so forth), agreeableness (liability, harmoniousness), and conscientiousness (rule abidance, discipline, integrity). Human personality functioning can be summarized in terms of these five dimensions. [2005] - Marcus Buckingham