There is a common story for real estate investors whom bought and/or did a cash-out refinance with real estate over the past 2-6 years. You know the line -right? “I barely have any equity or I’m underwater”. At a minimum there is concern , perhaps even thoughts of walking away, and the inevitable fear of… Read more »
Many out there are looking for the magic cure to creating financial independence and often jumping from one direction to another. Whether your investing in real estate, a MLM, or some other business idea –Stop jumping from get-quick rich idea to another! Folks -it is true that we all need to find our own niche;… Read more »
The power of compounding is the secret to wealth with rentals over time. Landlording is a disciplined approach in the game of real estate. It is one where once you dial in your inventory of rentals, lock in your financing, and unlock the secret of management, one can (somewhat) put the rentals on autopilot. I… Read more »
Financing is key to purchasing investment real estate. Whether your paying cash or borrowing the funds, it’s the ability to have liquid funds for a quick real estate closing that helps ensure solid wholesale purchasing power. The Greatest Challenge in today’s dysfunctional real estate markets is permanent financing. I would challenge you that if your… 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 »
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 »
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 »
