Inevitably if you’ve been around real estate investing for very long, you’ve heard about the potential of partnering with other people for investment deals. Partnering can introduce considerable benefits to an investment deal. However, it can also introduce considerable headaches. There is nothing wrong with partnering, but just be smart about your decision to do it! When to Use An Investment Partner Whether you should use an investment ...
When it comes to constructing your success, sometimes you need to break down barriers before you can build up. Whether something needs to be demo’d or simply re-paved before you can lay down your foundation, it’s important to know what it is that’s holding you back from construction - and it’s equally important to make plans to take care of the issue. For many real estate ...
This question comes up a lot when shopping for rental properties: “What cap rate should I be looking for?” Well, how about we first define a cap rate? What is a Cap Rate? Cap rate is short for capitalization rate, and what this number tells you is the relationship between the sales price of a property and the income it generates. It basically tells you if you are buying an ...
As you may have figured out by now, the one and only thing that will make or break your investment in a rental property is expenses. Right? Either the purchase price is too high, making your expenses higher than the rent the property brings in from the get-go, or you experience vacancies or tenant drama, etc. Every time you have an expense of any sort, your profit potential is being ...
Drew Pitchford, from our Turnkey Rental Properties Facebook group, recently shared about the massive success he’s found in creatively financing his turnkey rental property purchases. It was so inspiring, we asked him if he would let us share his wisdom with the Hipsters! Straight from Drew’s mouth, some creative financing tips for funding turnkey rental property purchases: Many people never get started in real estate investing due to 1 ...
Not all property managers are equal. Truer words are seldom spoken! What’s even more true is this: a good property manager can make or break your valuable investment dollars. Yikes. That’s a whole lotta control, isn’t it? If you struggle with letting go of the reigns, you’re in an even more vulnerable position. How do you know who to trust? What criteria should you use? At ...
Should You Put Your Rental Properties in an LLC? The answer is- maybe. But maybe not. My upfront disclaimer is that I am not a legal expert of any sort, nor am I a financial or tax expert. I can only tell you, as an owner of rental properties, my experience in researching LLCs as a potential entity structuring method and the results of that research. You should not make ...
Get Access To Our 10-Minute Plan to Financial Freedom Do you want to become a successful investor like Robert Kiyosaki? Yet don’t have the time to actually look at enough investment properties… Or know what separates a good deal from a bad one? By the end of this article, you’ll know how to buy investment properties that put money in your pocket every month (without giving up your ...
In thinking about Hipster's birthday, we were thinking we really wanted to focus on the past four years and celebrate our wins, learn from our losses, and really just reflect on Hipster's existence. Right as we were thinking about it, we got an email from one of our favorite investors and it was exactly what we had been looking for in terms of celebration. We asked him if we could ...