Negotiation is a direct part of almost everything you do in the world of real estate. In addition to negotiating the best possible price on every offer you make, you negotiate with your contractor, property manager, and possibly even tenants without even knowing it. The better you are at negotiation, the greater the impact you […]
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Valuable Lessons For Any Investor to Follow
If you have been in real estate for some time, take a minute and think back to when you started. There is a good chance some of the decisions you made are downright laughable, even just a few years later. Every day you are in business should be a learning experience. Everybody makes mistakes, the […]
Out-of-State Real Estate Investing: Pros/Cons
There are real estate opportunities in every corner of the country. One of the things that makes real estate investing so great is that you are not confined to your local market. If there is an opportunity sixty miles from where you live, there is nothing stopping you from pursuing it. Across the country, there […]
Add Your Rental’s Value And Increase Demand
Many local rental markets are currently outshining the housing market, a trend that has persisted for the better part of the past decade. While the heightened demand has made it easier to find tenants, it has also increased competition for retaining them. Today, tenants have an abundance of rental options at their fingertips. To not […]
Estimate An Accurate ARV
One of the major components of a successful house flip is properly estimating the after-repair value. You can do great work on the property but if you are off the mark with your ARV the deal won’t be as successful as you anticipated. Experienced rehabbers understand that simply making improvements doesn’t always increase the value. […]
Eviction: How Do You Handle It?
If you own rental property long enough, eventually you will be faced with an eviction. Every landlord thinks evictions will never happen on their properties, but they are more common than you may think. Your tenant can be great for eight months and then out of the blue be hit with an unexpected financial setback. This […]
Outsource These Home Improvement Projects
Landlords are constantly exploring avenues to boost their financial returns, enabling them to allocate funds for various purposes. While prudent financial management is crucial, it’s equally important to recognize where to set boundaries. Certain home improvement tasks are well within the grasp of most landlords, such as lawn maintenance, painting, or fixing a clogged toilet. […]
Tips to Run a Better Business
As a real estate investor, you have the reins in your hands when it comes to your business. One of the key shifts new investors often experience is the transition from simply making offers to running a full-fledged business. It’s essential to approach real estate as more than just transactions. Ultimately, no matter how many […]
BRRRR – The Investing Method
The BRRRR method, popular in residential real estate investing, stands for Buy, Rehab, Rent, Refinance, Repeat. This strategy involves acquiring distressed properties, renovating them, renting for continuous income, and refinancing to accumulate equity for future investments. It’s like house-flipping with long-term financial growth in mind. The BRRRR method – What is it? The BRRRR method […]
Notice of Default – What it is in Real Estate
Ever found yourself face-to-face with a Notice of Default? To put it simply, a Notice of Default is a lender’s initial step toward foreclosure, but understanding it helps you navigate the process and protect your financial future. What is a Notice of Default? A Notice of Default is a public notice filed with a state […]