Running numbers on a potential rental property you're looking at buying is a must to find out your Return On Investment (ROI), but it doesn’t have to be hard. Once you know the formula, you can use the same one every time so you can run the numbers very quickly. Here at Hipster, we do this a lot, and we want to share what we know with you! First, ...
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 ...
There's a lot of information about how the best way to invest is - where to buy, how to buy, what to buy - what money to use and from where. It's a lot to take in all at once. Should you flip? Should you be a rehabber? Should you buy and hold? Should try a mix? Not everything works for every one person. It seems that around every corner, ...
I think one of the most important things for real estate investors to be educated on and aware of is what they are getting themselves into when they decide on a particular investing strategy. For the record, I don’t think any strategy is the wrong way to go. I only think a strategy is the wrong way to go if you chose it naively with no idea what you’...
Real estate investing is just like snowboarding. Wait, don’t stop reading if you don’t snowboard; you’ll still be able to follow along, I promise. I love this time of year because my anticipations about getting back into snowboarding are getting stronger by the day (although obviously not strong enough because I haven’t driven out to the perfectly snowy slopes yet). As I was pondering my upcoming ...
Recently we sent this question to our Hipster subscribers: If you were sitting in the sand staring out into the ocean right now, what would you be thinking about? We gathered their answers and have them here for you! What do our fellow Hipster Investors daydream about? I've finally arrived!! –Jim Thank God they didn't make a Jaws V. –Lance This was my view, just a week ago, as I ...
What better way to celebrate a weekend than to sit back, relax about investing, and gain a little motivation? Whether you are a brand new investor and struggling over the hurdles of getting started, or you are a more advanced investor and just hitting the usual obstacles, it always helps to take a deep breath, exhale, and calm down. The perfect analogy is lifting weights at the gym. Almost every ...
No doubt, the point of investing is to receive income. Why else would you invest? You want to put your money into a property or a project or a stock or a thing or whatever will earn you some cash. It’s the whole reason for investing- to turn a smaller amount of money into a larger amount of money. How does one do that? There are a few ways ...
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 ...