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 →
How to Boost Cap Rates by Buying Great Tenants
There are always a million things you can look at when you buy a rental property: What is the rent? Is there any water damage? Is the house on a concrete slab? What kind of neighborhood is it in? Do the cabinets need replacing? How many more years does the roof have left? I could... Continue Reading →