You know the expression, “Go with the flow”? It means not resisting what is. It means going with what works. Moving in the direction in which everything else is moving. Why? You are more successful this way. You encounter less resistance - and to use another saying, “resistance is futile”. Agree? Yeah. Going with the flow tends to work out better. In real estate, there is an ebb and flow ...
I get asked quite a bit what I look for when I’m shopping for a rental property to buy. How do I know what I want or what qualities to be concerned with and which ones not to be? Here is my very basic list of things I think about when buying rentals. Considerations for Buying a Rental Property Source of the property. I’m immediately suspicious, especially in ...
Leverage/leveraging is a strong word in real estate investing. The most common use of it is in regard to leveraging money (i.e. using “other people’s money”) to maximize returns, but I think leveraging goes beyond just dollars and is a strongly effective tool in a few different areas of REI that are worth pointing out. But first, what does leveraging really mean? If I plug “leveraging” into ...
It’s that famous holiday time! Most of you are probably still feeling stuffed of turkey and mac & cheese (although probably fewer people than in past years due to the ever-increasing numbers of vegetarians and vegans) and all you can think about is just hanging on until Christmas so you can enjoy a week or two off from life and work. I hear you. It’s exciting for me ...
Hipster has officially turned 1! What an adorable little toddler she's turned out to be. I can only hope, and plan for, avoiding the terrible 2’s. But if I think about how amazing this first year has been, I have every reason to believe Hipster is on her way to rocking it out for years to come. So what is a birthday without presents and a toast! Not a fun one, ...
Turnkey rental properties definitely offer an opportunity to own rental properties in a much more hands-off way than most are used to when it comes to real estate investing. With everything done for you — finding the right property, negotiating the property, rehabbing the property, and tenanting and managing the property — turnkeys have opened up the door for a huge number of people who wouldn’t have previously been equipped to ...
Recently I wrote an article talking about finding investor-friendly real estate agents (actually, I was really questioning whether they even exist or not… see The Epic Guide to Finding an Investor-Friendly Real Estate Agent). This week, I want to talk about lenders. Why? Because in the past month, I have seen a solid handful of deals tank, or nearly tank, solely because of the lender on the deal. Whether a ...
As an investor, new or experienced, you get a lot of words tossed at you. A lot of so-called real estate gurus have worked hard to develop branded lingo designed to leave you, if anything, a tad bit confused. Where to start? Cap what? Don't worry - we understand that entering into the great big world of real estate investing can be a bit overwhelming - and we've got your ...
Risky Business? Real estate investing certainly can be. It's important to be your own risk manager to ensure you don't get left holding an empty bag. With every property or deal you say yes to, you should conduct your own risk assessment to safeguard your investment dollars and your time from potential loss. 1. What is a Risk Assessment? A risk assessment protects you, and your money. You should conduct one ...
