Have you ever gone into a real estate deal feeling like you just aren’t sure what you’re getting yourself into? Have you ever wondered if someone is trying to pull something over your head? How do you really know if the numbers on the deal you are pursuing are good? Well, there are two things to help with these questions. The first is due diligence. But due diligence ...
It’s the right time of year for it, no? Well, for most parts of the country, it is definitely winter sports time—or at least winter sports temperature. Here in Los Angeles, not so much, as I was walking the beach in shorts and flip flops earlier. But my intent is not to rub in LA’s fantastic weather but rather to apply an analogy of winter season to ...
You know, it’s so easy in this industry to forget why we are all here. OK, maybe the main reason we are all here is to make money, but hopefully we’re not doing that without having at least a little bit of fun along the way. I guess technically the returns can still be worth it even if you aren’t having fun earning them, but come on… ...
There is a lot that goes into what makes a rental property a good investment or not. In fact, most properties don’t actually make good investments. But what exactly determines if a property will make a good rental property? Typically, the primary factors are the numbers and the location. The numbers matter more than anything, but location will determine whether or not the projected numbers will hold up. Someone ...
Most would argue that the risks of owning rental properties are fairly obvious, yet you’d be surprised how many people ask me what they actually are. If you are brand new to real estate investing, it would make total sense that you might not completely understand the specific risks in a way that allow for a bigger picture view. This is simply because you don’t know what factors ...
The items below are all things I hear repeatedly by investors; they aren’t necessarily misconceptions for every investor, though. In particular, investors just starting out need to be aware of the following: 1. Wholesaling. Everyone hears how easy wholesaling is and how you can make soooo much money doing it. Yes you can make a lot of money, but it’s not easy. It takes mega amounts of work. Additionally, ...
I’ve heard a few people say, “I want to buy and own rental properties. What background knowledge or experience do I need to have in order to do that?” Well, there is good news for you. The amount of background knowledge or experience you need to have to get into rental properties can be tailored to exactly how much you want to bother getting. There are ways to buy ...
I’ve been talking a lot about markets lately, and oddly enough I was asked on three separate occasions just in the last week my opinion as to whether or not I thought Palmdale, CA would be a good place to invest in a rental property. So I thought, well, people are obviously wondering — so how about I just make a whole article out of it? I thought it would ...
The numbers. In this industry, you must love the numbers. Love them like they are part of you. For good or for bad, ‘til death do you part, never leave the numbers. One of the biggest questions I’m asked is how I go about a property once I find it. What do I do, what do I look at, how do I know if it’s “the one”? There ...
