CategoryGetting Started

4 YEARS & 40 RENTAL PROPERTIES LATER. 10 KEY LESSONS LEARNED.

I’ve always been an entrepreneur at heart.  At the age of 13, I would sneak out onto the local golf course at night and dig out golf balls lost in the pond by amateur golfers over the weekend…and then I would sell them back to those same golfers the following weekend!  I loved it. By the age of 30, I had started two successful businesses, and at the age of 34, I decided I wanted to be a...

HOW TO START INVESTING IN REAL ESTATE WITH LITTLE TO NO MONEY

Let’s discuss how to invest in real estate with little money. If you’ve been thinking about investing in real estate but held off thinking it’s only for those with money, then think again.  Real estate investing is for everyone regardless of how much money you do or don’t have in the bank. In this post, I’m going to share with you 5 viable ways how to invest in real estate with little money...

HOW DO YOU CALCULATE THE VALUE OF A RENTAL PROPERTY?

Knowing how to value a rental property depends on the type of property.  For instance, determining the value of an apartment building is different than determining the value of a single-family home. For the purpose of this post, though, I’ll be talking about how to value a single-family rental property.  Let’s get started. Sales Approach For a single-family home, the sales approach is the primary...

5 REAL ESTATE INVESTING MISTAKES THAT NEARLY KILLED ME FINANCIALLY

We’ve all heard the saying, “If I only knew then what I know now.”  Well, that saying certainly holds true in real estate investing. When I bought my first investment property nearly 4 years ago, I didn’t know anything about real estate investing.  Hey, we all have to start somewhere, right? Needless to say, I was really excited to own my very first rental property, and to officially hold the...

HOW MUCH DOES IT COST TO MAINTAIN A RENTAL PROPERTY?

This is a great question, but the answer isn’t easy.  While some believe that a fair estimate is around 1% of the property’s value per year, I don’t think that’s a formula you should rely on. The truth is getting an accurate estimate on maintaining a rental property is going to depend on the type of rental property you have, the location and the condition of the property. For instance...

BUYING & INVESTING IN RENTAL PROPERTY OUT-OF-STATE

Let’s dive into the topic of out-of-state real estate investing.  As more traditional forms of investing prove to deliver a diminishing ROI, more and more people are turning to real estate as a long-term investment vehicle, and even as a way to supplement their monthly income. According to LandlordStation, there are over 28 million investors in the US.   The challenge for some investors...

Is real estate a good, safe investment? Is it worth it?

Is real estate a good investment?  With all the tv shows and clamor around flipping houses, owning rental property, and choosing real estate as a long-term or even short-term investment vehicle, many are wondering if investing in real estate is really a good move or if it’s just another late night infomercial pipe dream.   Is it actually possible for the average person to flip a piece of...

5 QUESTIONS YOU NEED TO ASK YOUR REAL ESTATE INVESTOR MENTOR

I wish I had a solid mentor when I first started investing in real estate.  I can’t imagine all the pitfalls that kind of relationship would have helped me avoid.  So, if you’ve got someone who is experienced enough in real estate investing to come alongside you, donate their time, and give you solid advice, cling to that person like a drowning man grasping a life raft.   Real estate investors...

HOW TO DETERMINE A GOOD RENTAL PROPERTY

Given that buying rental property is such a serious financial commitment, you want to make sure that you choose your rental property wisely.   Owning rental property can be a nightmare if you buy the wrong properties – trust me. There’s nothing worse than ending up with a property that no one wants to rent or a house that doesn’t cash flow well.   You’re obviously cognizant of this which is...

HOW TO START BUYING & INVESTING IN RENTAL PROPERTY FOR BEGINNERS

Buying rental property can be an exciting pursuit filled with adventure, risk and, potentially, large financial profits. However, one of the most challenging dynamics with buying and investing in rental property is knowing how to get started.   While a single blog post couldn’t possibly encapsulate all the nuances of buying rental property, I’m going to attempt to cover many of the main topics...

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