AuthorBrandon Jones

What NOT to include in your rental property

What NOT to include in your rental property Over the years, I’ve learned that there’s a balance to strike in order to be successful as a rental property owner. Part of being successful means you need to attract quality tenants.  You know…the kind that pay rent, and don’t turn your house into a meth lab.  Well, just like you, good tenants want houses that are clean, affordable, and located in safe...

What does a full-time real estate investor do all day?

What does a full-time real estate investor do all day? I started investing in real estate nearly six years ago.  I still remember the first house I bought… a little 2-bedroom bungalow on Rogers Avenue.  I never imagined that little house on would lead to me becoming a full-time real estate investor. As a newbie investor, I found myself regularly asking, “What does a full-time real estate investor...

What is the BRRRR method and how do you use it?

What is the BRRRR method and how do you use it? BRRRR is a well-known acronym in the real estate investing world, and it was coined by Brandon Turner over at Bigger Pockets.  The letters stand for… Buy Rehab Rent Refinance Repeat This is the science, so to speak, on how to build a sizeable rental property portfolio that you can ultimately use to support yourself financially.  Let’s look at each...

Can you make a living off rental properties?

Can you make a living off rental properties? Yes.  You can absolutely make a living off rental properties.  In this post, I’m going to cover the nuts and bolts to make it happen.  Let’s get started. How much do you need monthly? One of the first things you need to sort out is how much money you need monthly in order to survive exclusively off rental income.  I strongly recommend getting advice...

How do I find an investor savvy real estate agent?

How do I find an investor savvy real estate agent?  Great question. As a real estate investor, working with a real estate agent when you’re in the buying phase is great because you probably won’t pay a dime for their services.  This is because, usually, the seller pays all real estate commission. However, even though you may be getting a free lunch, you still want to make sure you’re working with...

How much would it cost to convert a two-car garage into an apartment?

  How much would it cost to convert a two-car garage into an apartment? Converting a two-car garage into an apartment can be a great way to increase your cash flow.  Just make sure you check with your local laws and applicable covenant/HOA restrictions before proceeding to make sure you don’t do something that you end up having to “un-do.” The cost to convert a two-car...

Should you put new or used appliances in your rental property?

Should you put new or used appliances in your rental property? New appliances.  I’ll explain why. As someone who owns nearly 40 rental properties, I completely understand the temptation to get your rental property move-in ready as inexpensively as possible.  You’ve probably already run the numbers and know that if you head down to Lowes and pick up the least expensive fridge, stove, and...

How do you make an old kitchen look new in a rental?

How do you make an old kitchen look new in a rental? If there’s one place in a rental property you want to make a good first impression, it’s the kitchen.  Thankfully, there are ways you can bring new life to your old, dated rental property kitchen that won’t break the bank.  How about a DIY kitchen transformation for under $800?  Sound good?  Here’s how to do it. Fresh coat of paint on walls...

How much profit should you make on a rental property?

How much profit should you make on a rental property? There is possibly an infinite number of ways to answer this question if the goal is to be subjective.  However, in this post, my goal is to give somewhat of an objective answer.  In order to do this, I need to bring another party into the equation: the lender. Now, it could be that you’re looking to buy a rental property (or properties) with...

Is a multi-family property a good investment?

Is a multi-family property a good investment?  The answer to this question depends on how you define a “good investment?”  I’m going to answer this question from the angle that a “good investment”, as it relates to real estate, is a property that cash flows well and provides you with minimal headaches. So, specific to cash flow and headaches, here are few things to consider about multi-family...

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