CategoryBuying

HOW TO START BUYING & INVESTING IN APARTMENT COMPLEX BUILDINGS

Should you buy an apartment complex?  Over the years I’ve purchased quite a few single-family homes, and I’ve even acquired a number of duplexes along with one fourplex, but I’ve never purchased an apartment building.  Buying an apartment complex has always intrigued me, though.  Maybe it’s primarily an ego thing to own an apartment building, or perhaps it’s that business side of me...

HOW TO BUY A DUPLEX EVEN WITH NO MONEY DOWN

Buying a duplex can be a great move for a real estate investor.  One property. Two tenants. Sounds nice, right? In this post, I’m going to cover how you find duplexes for sale, how to buy a duplex with no money down and discuss some of the advantages and disadvantages of owning a duplex.  So, without further adieu, let’s get started. What makes a duplex a good investment? A duplex is a good...

HOW MUCH DO FORECLOSED HOMES SELL FOR AT AUCTION?

The quick answer to “how much do foreclosed homes sell for at auction?” is…it depends on the winning bid.  However, there’s really more that can be said to help us understand just how much you can anticipate paying for a foreclosure at auction.  Let’s start with a few statistics. According to Quicken Loans, “foreclosed homes could sell for anywhere between 18% to 59% less than a non...

HOW TO BUY A HOUSE AT AUCTION WITHOUT CASH

As real estate investors, we all love a good deal.  Properties sold at auction can be great bargains because they’re oftentimes not on MLS, so you’re likely facing less competition.   I’ll tell you a quick story I was trying to work a deal on a 4 bedroom/2 bath ranch a few years ago.  The buyer and I went back and forth and just couldn’t come to an agreement.  My final offer was $33,000. I was...

HOW TO FIND AND BUY OFF MARKET PROPERTIES FOR SALE

Experienced investors love off market properties, and even if you’re a newbie investor, so should you…but why?  Well, that’s part of what we’re going to explore in this article as we dive into the topic of how to find and buy off market properties for sale.  Let’s get started. What are off market properties? Before we venture into the art of finding and buying off market properties, let’s...

BUYING A HOUSE (OR OTHER PROPERTY) WITH EXISTING TENANTS

Let’s talk about buying a house with tenants already in place.  Rental property and tenants go together like peas and carrots, and if you can buy rental property with tenants already already living in it, even better.  Right? Maybe. Here are 5 things to consider before you buy that occupied property. #1 Is there an active lease in place? At least where I rent properties in Missouri, the...

HOW TO START BUYING & INVESTING IN MULTIFAMILY HOMES

If you’ve got an itch for buying multifamily homes, I don’t blame you.  One property, multiple tenants, more cash flow. Cha-ching. In this post, I’m going to cover how to start buying and investing in multifamily properties including the good, bad and the ugly that comes along with it.  Buckle in, and let’s get started. What is a multifamily property? Just so there’s no confusion, I want to...

How To Find & Buy A Foreclosure: Your Definitive Guide

Foreclosures are often thought of as the backbone of a successful real estate investing career. Whether your real estate strategy is to buy and hold (rent) or buy and flip (sell), foreclosures have the potential to make you money – potentially lots of it. In this post, I’m going to attempt to give you a thorough overview of how to find and buy foreclosures, so take a deep breath, find a...

IS TOXIC BLACK MOLD DANGEROUS?

Over the years, I’ve purchased several investment properties that have had black mold.  I was able to get them at steep discounts because, quite frankly, no one else wanted them.  I mean, can you really blame people for not wanting to buy a mold-infested property that looks like this?   However, is mold really as dangerous as some make it out to be?  That’s the topic at hand for this post. What...

4 QUESTIONS TO ASK A REALTOR BEFORE BUYING AN INVESTMENT PROPERTY

Buying an investment property is a big decision, and a big purchase.  Especially if you’re just starting out as a real estate investor, you’ll want an experienced real estate agent by your side.  You want an experienced agent who can point out the not-so-obvious characteristics of a property, so you can make an informed buying decision.   Much of the property research you can do on your own like...

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