“Yeah.., It’s been a ride… I guess I had to go to that place to get to this one. Now some of you might still be in that place -If your trying to get out, just follow me… I’ll get you there….” -Marshall B. Mathers Are you afraid of success? It is ok if you… Read more »
Here we are practically half way through the 2010 year -it appears as if we are in a state of flux. We have a good half of expansionists stating ‘Doom & Gloom’ and the other half stating we’re ok, gaining traction, and will move forward in a positive manner. Let me guess -after these last… Read more »
One will often here my reference to the term: “Slow the Turn”. What I’m vaguely referring to is one’s ability to slow the outflow of cash on expenses from a pure business/investment (heck -even personal lifestyle viewpoint too) perspective. As a Landlord, it is imperative that a real estate investor create an environment for their… Read more »
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 »
Evictions are a part of the landlord program that often scare new real estate investors. I tend to get these last minute calls (sometimes while one is in route to their magistrate’s hearing) asking for advice when its to late. As a landlord and property manager in Charlotte, North Carolina, I have handled hundred’s of… Read more »
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 »
As some of you may know, I’ve been a Hard Money Lender in Charlotte North Carolina. Needless to say, we were running along fairly well in our local real estate markets till Wachovia Bank imploded at the end of September, 2008. Sure we were slowing down in 2007 & 2008. However, our markets were still… 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 11/22/2009 on www.askthelandlord.com PAYING FOR A REAL ESTATE EDUCATION It was the Fall of 2007 when I knew we had reached the pinnacle of the real estate frenzy locally in Charlotte, North Carolina… I was at a local real estate meeting and the focus of the nights talk was… Read more »
