It is important to recognize that real estate investing is a business. Like any other business, there are systems, policies, and procedures that must be followed. The biggest problem most new investors have is organization. Even if you only invest part-time, you need to stay on top of everything you are doing. Not only will […]
Tag Archives: real estate investing
Investing in Multi-Family vs. Single-Family Properties
In the world of real estate, the choice between multifamily and single-family properties is a significant decision. Both options have their own sets of pros and cons. To make the right choice, it’s crucial to understand these two investment strategies. Let me simplify it. Single-Family Property Investment Single-family property investment revolves around owning and leasing […]
First Time Landlord? Check this out!
On the surface, being a landlord seems pretty simple. You find a tenant and wait for the first of every month for rent checks to pour in. At the end of the lease, you repeat the process and start all over again. Anyone who owns rental property knows this isn’t exactly how things work. There […]
Strategies to Polish Your Negotiation Skills
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 […]
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 […]
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 […]
Throw Your Trash Away
Haul away your household trash, or hire the job out. Here’s a guide to help you decide. Whether it’s years of accumulated clutter, old appliances, or household chemicals, it has to go. Is it a DIY job? Or do you need to call in the professionals? Here’s what you need to know. Identify the different […]
Short Sales – Pros and Cons
Every day, hundreds of short-sale deals are made. The real estate investing niche that was formerly the most well-liked has remained relevant in recent years. Even if there aren’t as many deep discounts available, there are still a lot of great offers you can find. Identifying properties where you can add value is key to any […]
Close Your Deals on Schedule
The odds of your real estate transaction closing on time are surprisingly small. So what do you need to do about it? This is one of the scariest secrets of the real estate industry. It is rarely talked about, and the secrecy that surrounds it is also one of the top reasons that real estate salespeople have […]