You might have heard the buzz about the National Association of Realtors (NAR) and the groundbreaking $418 million settlement. This isn't just news; it's a revolution in the real estate realm, and it's time to strap in and rise to the occasion. Big changes are afoot, and this could be the launch pad moment for your next big leap in real estate!

The Background 

NAR, a titan of industry standards and practices, faced lawsuits that cracked the bedrock of real estate commissions wide open. The heart of the matter? Allegations that their policies kept commission rates high and competition low. This settlement isn't just a penalty; it's a declaration that the old ways won't fly in today's transparent, competitive market.

Key points:

• NAR will pay the nearly half-billion-dollar settlement in installments, with a $197 million payment due within 90 days of final settlement approval.
• Offers of compensation can no longer be made through the MLS, and MLSs will have just 150 days to update...

Yes you read that right- 90% of the world's millionaires became millionaires through real estate. Real estate investment is one of the fastest and safest ways to build wealth and grow your net worth in this country, and it's time for you to get in the game too!

Just to be clear, when I talk about real estate investing, I’m not talking about buying a home to live in. That sort of investment takes money out of your pocket every month. When I talk about real estate investing, I am talking about buying cash-flowing rental property that puts more money into your pocket every month.

There are 7 reasons why millionaires in the US invest in Real Estate.

Passive Cash Flow
Your tenants pay rent. After expenses what you have is monthly recurring, mostly passive, cash flow. This passive income that can supplement or replace your working income is what leads to financial freedom!

Appreciation
Over time, almost all real estate properties will rise and appreciate. If you buy a house for 100K, and...

There are 3 important aspects of a property you need to evaluate… these are the same for almost every investment property.  

Physical Characteristics

The first aspect of a property is its physical characteristics.  This includes things like:

• square footage,
• number of units/rooms/bathrooms/etc.
• amenities (stainless steel appliances, gym, pool, etc)
• architecture
• class of property
• property condition
• location, etc.
 
The size, characteristics, and location will determine who wants to be your tenant, how much they’re willing to pay, what kind of appreciation you’ll be able to get.  When you’re assessing a property you want to consider all of these characteristics and what it means for your rental price.  

You will also want to assess how you could improve the property to it’s highest and best use or to get the highest and best rents.  Sometimes the best...