Sometimes I over simplify my thoughts on investing in real estate….. As a generalization, I have an ingrained rule of buying a rental property for $50k and selling it when it hits a valuation of $125k -with the thoughts of reinvesting the money into two more $50k properties. We are still able to purchase single… Read more »
No.., I’m not talking about taking a loss when selling a home or a negative cash flow situation!!! This is a form of growth that is the complete opposite from the growth of adding new rentals and/or the ability to buy more property to wholesale or rehab/resell…. I’ve exercised this mode of growth twice in… Read more »
Suffice it to say, I’m not going to miss 2009 with regards to my business and investments…. From a family standpoint it was absolutely fantastic. Emmy hit 4 this summer swimming like a fish and Max at 7 is growing out of my concept of ‘my little boy’…. Oh, they just grow to fast. 2009… Read more »
It was the February of 95′ and I was circling a neighborhood I had identified as an above average appreciation rate due to its gentrification. Here I was looking at a duplex listed for $68k and I had thought it was all I could afford… I had my neighbor with me and we circled the… Read more »
The back end of a 1031 Tax Deferred Exchange… I call it Big Blue. She’s a 2000 square foot Pre-1920’s two story Victorian that was converted into an upstairs/downstairs duplex some 30-50 years ago. 10 foot ceilings and 5 coal fireplaces with original mantels. It would be easy to convert back into a single family… Read more »
Originally posted by Tyler McCracken on 11/10/2009 on www.askthelandlord.com You Can’t Handle The Truth!!! When will this (real estate) elevator hit the bottom??? Part I I’ve just come through a two week period were the realities of my world hit home as I downshifted into another phase of my real estate operations. Anyone who has… Read more »
Originally posted by Tyler McCracken on 11/3/2009 on www.askthelandlord.com INiTIAL THOUGHTS ON MULTIFAMILY INVESTING –PART 1 We landlords often classify ourselves as cheap, frugal, thrifty…., to name a few… Truth is we’ve been educated to look for Value. I started my career of Landlording focusing on multi-family housing. I discovered I could get a lower… Read more »
Orginally posted by Tyler McCracken on 10/25/2009 on www.askthelandlord.com State of the Real Estate Economy as of October 2009 I’ve had various thoughts for what I’d write this week… Reflecting back I am seeing a consistent theme with those that play in the land of real estate. Uncertainty, Fear, and somewhat worn out against a… Read more »
Originally posted by Tyler McCracken on 10/11/2009 on www.askthelandlord.com A Way To Wealth With Rentals: A Tale of Landlording That Anybody Can Replicate. I remember the day like it was yesterday -February 14, 1994. That was the first day of my career as a landlord in Charlotte, NC. Roughly a year earlier I had bought… Read more »
Originally posted by Tyler McCracken on 10/4/2009 at www.askthelandlord.com Owner Financing is Out There: A Tale of a Win/Win Arrangement & The Power of Compounding. There was a day that I was shy/scared/intimidated (or whatever you want to call it) to ask a Seller if they’d consider owner financing. After being in the business for… Read more »
