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Landlording: The Art of Screening An Applicant

One key facet to being a successful landlord is effectively screening your future residents. Failure to choosing a stable, on-time,  rent paying citizens of our society will only cost you time, money, and un-needed aggravation.   I don’t care whether one is filling a $300/mo or a $3,000/mo rental nor if the applicant is a $7/hr… Read more »

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Substitution of Collateral: It’s All About the Money

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 »

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Do You Really Have What It Takes: Investing 101

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 »

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2010: Part II of the Year Ahead…

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 back drop of Dow 10,000, Real Estate (supposed) Guru’s… Read more »

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Landlording: What Makes a Good Real Estate Investment

The foundation of my real estate investing is rooted in buy and hold investment property for the long term: otherwise, known as Landlording. While I have wholesaled & rehabbed property for short term merchandising of real estate not to mention provided hard money loans to real estate investors in Charlotte, North Carolina, it is my… Read more »

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Rinse & Repeat: 1031 and the power of rentals over time….

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 »