After you have purchased an investment property, have you ever encountered this dilemma? Shall I replace this part? Shall I keep it as-is until it breaks? Granted, chances you have already spent so much in acquiring the property, so you may be reluctant in spending any extra dime in renovating the place (or at least, delay until the... Continue Reading →
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How to Best Prepare for a Tenant Trashing Your Property
Real estate is not fairy-tales and butterflies like it’s portrayed by gurus and seminars. Look, eventually your property is going to get trashed, and it’s going to need a lot of repairs. It happens. That is real estate. Real estate is hard work, and it’s a roller coaster ride. So, if you can acknowledge and... Continue Reading →
The $30k Rental Property: How to Finance & Profit From Cheap Real Estate
Why I Like the $30k Investment Property You see, I initially chose to buy houses in the $30k range because it was an area I understood, they were houses I could afford, and the rate of returns on the properties were solid—in the 2% range. None of this tells the whole picture. A point many... Continue Reading →
How to Avoid Renovation Mistakes on Your Rental Properties
If read thoroughly, this article should offer immense value at my expense. I’m wrapping up a renovation in which I just made plenty of mistakes. The rental looks great, but in turning over the unit, I upgraded unnecessary components that simply won’t add to cash flow. I went a bit too far with additional costs in order... Continue Reading →
Why Managing Your Own Properties is (Almost) Always a Huge Mistake
Being a landlord seems to be the go-to for many real estate investors new to the game. However, I can’t stress enough that from my personal experience, this has been the worst decision that I ever made as a real estate investing newbie. This is simply because now that I have been able to witness it firsthand,... Continue Reading →