As a responsible homeowner, you are likely familiar with the term PMI, but since it gets thrown around a lot, I thought I’d discuss what PMI is, when you need it, and how to get rid of it. PMI stands for private mortgage insurance. Lenders require homeowners to get this when they purchase a house... Continue Reading →
Why Diversification (of Your Portfolio, Financing & Everything Else) Truly is the Only Free Lunch
by Jay Strickler Did somebody say free lunch? “Diversification is the only free lunch” is a saying normally applied to mainstream investing to protect an investor from risk if an asset goes south. Buy stocks and bonds. Add gold to your portfolio. Buy a REIT. Choose an index fund. Smart folks use this thinking to come to the conclusion that... Continue Reading →
The New Investor’s Guide to Jumpstarting a Real Estate Portfolio (Even With Limited Capital)
by M. Ian Colville Real estate rentals have been good to me, my company, and our investors. And I know they can be good to you, too—if you know how to put the right strategies in place and leverage your resources. We now have a portfolio that has created significant wealth for our investors and a... Continue Reading →
7 Productive Actions to Take While Searching For Your Next Property
A recent conversation with a new investor got me thinking about starting out. It has been a long time since I was a newbie, and while things have changed a whole lot, some things will always be the same. If you aren’t going to do the rehab work yourself, you will need to find a... Continue Reading →
An FHA-Financed Duplex is an Ideal First Investment Property: Here’s Why
The hardest part of getting into real estate investing is where to start. I’ve been there, and it’s stressful because it’s a big decision. I made a lot of rookie mistakes just like most new investors do. So what’s the best way to start if you aren’t rich, want to generate income right away and want... Continue Reading →