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 a real estate investor, do you need to have a business plan? No. Wait, let me reel back. You may need a defined plan at some point, but hear me out before deciding on when you need said plan. If you’re anything like I was when I was starting out, trying to figure out how in the world I was going to pull myself out of my corporate ...
Have you ever really looked at some of the debates that go on among real estate investors? There’s the infamous debate about whether it’s better to buy with all cash or to leverage. There’s the debate about whether monthly cash flow or appreciation is more financially lucrative. There’s the debate about whether wholesaling is really a form of investing at all (oh wait, maybe that’s ...
Not only should you avoid these mistakes when you run your own numbers on a property, but you should also be on the lookout for anyone else who is making these mistakes when they try to sell you a property that is supposedly a great investment. For anyone newer out there who doesn’t understand what I mean when I say “the numbers,” I am referring to the numbers used ...
What does investing mean? First and foremost - it means planning for your future by making smart financial decisions now. When you put your money, or assets, into something you hope will pay off in the future - you are both expressing optimism and thinking about your lifestyle. You want the cash-flow and ease that comes along with a successful investment, right? It’s a good thing! Another definition of ...
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 ...
It's a question worth considering - especially if you've been on the fence. To invest or not? The answer Hipster has to offer is simple: maybe. It really depends...It depends on what kind of investor and person you are - what you want to achieve - and how comfortable you are fixing toilets (or not, to be blunt). PS - you DO NOT need to fix toilets to be ...
