Shopping for turnkey rental properties? Trying to figure out where to buy one? Where do you even start? Well, the best place to start is with networking. Find out where other people are buying, find out who is having luck in which market and with which turnkey provider, and shop from there. But how do you know how to sift through all the information? Or better yet, how do you ...
Do you actually know all of the ways you profit from a rental property? You might have a basic feel for them, but I bet you don’t realize all of the ways you profit from a rental property. Even if you do, it never hurts to review a summary of the income streams to reignite excitement for your rental property! I’m going to end the summary of rental ...
There are a million articles floating around on the internet and probably even in some books that talk about the benefits of owning rental properties. You’ve probably read them and even heard everything I’m about to tell you already, but sometimes it’s good to bring it up a notch, leave out major details, and really hammer in the big picture. You’ve inevitably heard that owning rental ...
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 ...
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 ...
I was sitting with one of my mentors a couple days ago, and I was talking about one of the rental properties I own and how I lost so much money on it because it had a bad year a couple years ago. My mentor looked confused and asked me how I thought I had lost money on it. I said, “Well, it had a crazy amount of vacancy and ...
When it comes to real-estate investing, there’s one thing that matters regardless of which type of property you’re investing in. Property value. Why does it matter? Before I explain, there is one thing I need to clarify just so we are all on the same page: The value of a property only matters when you are buying it, selling it, or refinancing it. Most of you probably know ...
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 ...
You want an investment property. You’re certain you’ve learned what you need to in order to buy a successfully profitable property. So you go shopping. Hello, Zillow. (Or Trulia if you’re super hip to the game.) Party time! Ooooh, so many properties to choose from. Wherever do you start? Bets would say that you jump on Zillow and check out what is there. Or Trulia, or whatever. ...
