Look, you’re going to have to get started at some point if you want to join the wave of real estate investing. The bummer is that you are likely going to have to teach yourself how to do it because I don’t know any of us who learned this in school. It’s kind of ironic that real estate investing is so tied into something that is extremely ...
You’ve probably heard that the key to real estate investing is “location, location, location.” This is true for all different aspects of a property’s location—the larger metro market it is located in, the specific area of town, and even the specific neighborhood. Some cities can literally vary street to street in terms of where is good to buy and where isn’t good to buy. The very ...
Man, can I think of plenty of places there is just way “too much information” (TMI) floating around these days. Do I even have to mention seeing what people eat for breakfast every morning on social media? It’s not new news that we have absurd amounts of information floating around the internet, social media, and cell phones these days, but is it affecting real estate investors too? Yes! When ...
I was asked my opinion on whether someone should pay all cash for an investment property so they can borrow against it, or leverage it. I definitely don’t claim to be an expert, but based on my calculations and experience, I think leverage is the way to go every time. Two main reasons: 1. Your cash-on-cash return will be significantly higher, and 2. Your personal risk is less because you are ...
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Sure, you may know what passive income is. Sure, you may think the idea of not having to work for your money sounds cool. Sure, you may know that having extra money in your pocket each month is great. But do you really understand how freakishly essential passive income is in making your life awesome? Awesome, how? Great question! Glad you asked. Before I go any further, though, I want ...
Turnkey? What in the world is that? It’s a method of buying an investment property. Most people who buy turnkeys buy them because they live in an area where it doesn’t make sense to invest, so they have to be long-distance owners. Or, they have full-time jobs and/or families and are limited on how much time they can spend on an investment property. Turnkey means (usually) that ...
Where do you shop? Why? Do you have favorite department stores, grocery stores and online stores? What makes them your go-to markets? Great markets offer convenience, value and quality. Look at the biggest retailers on the market, for examples. Nordstrom offers top notch quality and the convenience of top notch customer service; meanwhile, Walmart offers unbeatable values coupled with the convenience of being able to purchase everything from milk to ...
Not to toot my own horn here, but seriously, if you follow this guide you will succeed, no question. Well, assuming you actually make the effort, you really want to become a successful real estate investor, and you aren’t scared to work for it. I’m basically going to spell out the process I followed (even though I didn’t know I was following it at the time), and ...
