A few years back I had called on a fellow landlord who was known for selling off properties and providing owner financing too. Now I knew he had problem tenants in a property but also knew the area was appreciating rather rapidly and it was in my main target neighborhood. I wasn’t sure how long… Read more »
I’m often asked by those new and even those (at times) who’ve been trudging along in the investing arena, how wealth is truly created with real estate. I have a basic saying -one that plays apart in my constant drive: “If you aren’t out earning it, your spending it”. The idea of working smartly… Read more »
I’m tired of all the hot air out there….. The Tom-foolery and just out-right hype we hear and give as advice. Folks -the truth is that we as individuals need to take responsibility for our actions!If you’ve ever heard me talk, I will tell you to trust no one (and sometimes that just might mean yourself). … Read more »
Ever hear the old saying “I’ve got a bridge for sale…”? Well as an investor, I believe it is critical to pay attention to both your successes and failures (or should we say setbacks). In the past 5 years, we have witnessed the greatest evaporation of wealth since the Great Depression. We all have relatives,… Read more »
I’ve made another investment for the future this past month. Bought a duplex in a solid area that’s in good shape, has long term tenants, and partial owner financing. If your searching for long term rentals, the time is certainly now. With the depressed real estate market, one can get great pricing and/or financing. There are… Read more »
We are at an interesting state of flux…. It appears as though we’ll finally see some leadership on issues that employers, business owners, and investors say are important during this time of uncertainty. Amazing what it takes for direction in taxation in America -our Administration appears to of waived the white flag with taxation -although… Read more »
Rehabbing is a vital part of a real estate business whether one is landlording, wholesaling, and/or rehabbing to sell retail. To successfully operate your businesses, one has to understand (at least) basic construction, costs, and regulations. Other than improperly valuing a real estate investment, rehabbing is the other component that can make the difference between survival,… Read more »
The reality is that no one is perfect: sooner or later a real estate investor is going to venture into a new direction, cut corners, and/or hit a cyclical pullback that will cause one’s investment in certain properties to be questioned. The likely hood of a lemon coming along is just an eventuality. What you do. … Read more »
There are times in our lives when the smart move in the world of investing is to ‘double down’. With real estate valuations at 1999 to 2003 levels, a real estate investor has to seriously consider averaging in and making additional investments. Sure it is a time of uncertainty. You maybe underwater with some or… Read more »
