There truly is an art to Landlording when it comes to filling vacancies. Anybody can screen for the ideal tenant; however, it takes more than just facts to line up that person/family whom is most compatible with your house and terms. Sometimes we need to step back and ask ourselves: What is the goal of… Read more »
Setting the rental rate of your investment property is as much of an art as it is a science. As controversial as this topic maybe, it’s often misunderstood from the onset. Here’s just one BIG angle to consider. I ask that you keep an open mind and understand that the variables are great -keep an… 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 »
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 »
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 11/3/2009 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 »
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 »
