To invest out-of-state or to not invest out-of-state? That is the question. You mean I might have to trust someone else to take care of my property? Have you lost your mind? Yes, I have lost my mind. Welcome to the idea of professional property management. Property managers don’t have good reputations (and rightfully so in most cases). I get it. I actually don’t argue the reputation because ...
Oh, the famous debate. Should you pay cash for your investment properties, specifically rental properties, or should you leverage them? If you are new and don’t know what leveraging means, it means using a loan or some other form of money (basically anyone’s money other than your own) to buy property. Buying a house using a mortgage is a perfect example of leveraging. If you haven’t caught ...
Funny, coming from someone who doesn’t wholesale. I do know the basics about it though- you find properties for other buyers, flippers most likely, and do the double-closing thing or whatever it’s called. You make your money by upcharging the buy price to the investor so you make the difference. Easy! That’s why everyone says it’s such the perfect start for a new investor; because it’...
I’ve been talking a lot about markets lately, and oddly enough I was asked on three separate occasions just in the last week my opinion as to whether or not I thought Palmdale, CA would be a good place to invest in a rental property. So I thought, well, people are obviously wondering — so how about I just make a whole article out of it? I thought it would ...
Long distance relationships get a bad rap. They’re complicated, messy and simply don’t work, right? When it comes to real estate, however, distance is a good thing. Why? Think about it in terms of farming. Real estate investors grow wealth; farmers grow food. Successful farmers usually live apart from their farms (even if it’s just half a mile down the road). Gardeners grow their greens in their ...
How many of you out there, especially the newer folks, run into issues of skepticism when it comes to jumping into this world of real estate investing? (I have a feeling a lot of hands went up.) The good news is: Skepticism is critical in this industry because if you don’t have it at all, you might get into some really funky deals. The bad news is, though, that ...
You've heard it all before: turn lemons into lemonade; learn from failure; strikeout before hitting a grand slam. Sure, that's all well and good, but what's wrong with rejoicing and reveling in our success? Nothing! In fact, doing so can keep you motivated and ensure you continue on your winning path. It's no secret that the world of real estate is full of ups and downs, wild successes and gigantic ...
If you want to dive deeper into why turnkey rental properties and where to buy them, check out the original article here.
In real estate investment, finding a good property manager is akin to selecting a fine wine; the principles of each task are the same. Like a fine wine, a good property manager isn’t something that can be defined in black and white terms. Property Managers are a mix of several components and, being only human, have both high points and lows. As with selecting wine, it’s important for ...
