Quotes of the Day

It's very hard to live off the cash flow from buy-and-hold property unless you have the mortgages paid off. Most real estate investors create their "cash today" using one of the following five strategies: 1. Wholesaling or assignments; 2. Flipping; 3. Becoming a realtor; 4. Creating a property management business; 5. Adding a strategy like rent-to-own that will increase your cash flow on a monthly basis. [2013] - Julie Broad

If the prospect says, "Well, I have to think it over," you can respond by saying, "Well, Mr. Prospect, I appreciate that, but you promised you would tell me one way or the other if this applied to your situation or not." [2004] - Brian Tracy

If you're investing in a smaller market (i.e., markets like Barrie, Red Deer, Medicine Hat, Weyburn, Port Alberni, etc.), make sure that the folks in the property management business in your area will take on a property like the one you're about to buy. [2013] - Julie Broad

There is a lot of truth to the statement that the first million is the hardest. [2000] - Robert T. Kiyosaki

ETF investors should always use limit orders-no exception. A good practice is to place a limit order a penny above the ask price. For example, if the ask is $16.94, place your limit order at $16.95. Some investors think entering a value higher than the current ask price is telling the market they're willing to overpay. But that's not true: a stock exchange matches orders from buyers and sellers and fills them at best mutually agreed upon price. If you enter a limit order to buy at $16.95 and there are units available for $16.94, our order will get filled a the lower price. When you're selling ETF shares, enter the limit order at the bid price or a penny below. [2021] - Dan Bortolotti