Three Tips for a Successful Partnership
The idea to start my real estate investment business came about through several conversations with one of my best friends. We had both been individually researching the prospect of flipping houses…
Real Estate Business Management
Business Management can often be similar across many industries and types of enterprises. Successful real estate investors treat their investments like a business and run them professionally. This section of the BiggerPockets Blog contains articles that can help journeyman investors systematize and professionally run their real estate businesses. Topics include hiring, management, business policy, and scaling. These articles are written by some of the best investors in the business, and in regions throughout the country.
What Investors Should Know BEFORE Selecting Condo Insurance
If you’re a buy and hold rental property investor and you own a condominium, you’ll want to make sure that you have the right coverage since buying condo insurance is…
4 Steps That Prove You Can’t Afford Not to Hire Your First Employee
For years, I tried to do everything alone in my business. As a house flipper, I would find properties, arrange financing, tile bathrooms, clean old refrigerators, install carpet and do…
3 Reasons I Love Using Podio to Manage My Real Estate Business
The links to third-party products and services on this page are affiliate links, meaning that BiggerPockets may earn a commission (at no additional cost to you) if you click through…
The IRS Hit Me With a $10,000 Penalty — and It Could Happen to You, Too!
I’m not sure I had ever been that scared in my life… …and it all started with a simple LLC! Despite being a letter from the government, it was clear…
What Real Estate Investors Can Learn From ALDI’s Clever Business Model
Most grocers have gone bigger and bigger, with Super Targets and Walmart Supercenters that expand across the horizon as far as the eye can see. I’m sure you’re familiar with Costco,…
10 Simple Actions to Substantially Build Your Network — Starting Today!
Cultivating a network of professional contacts is arguably one of the best things you can do for your business — and for yourself. Working in real estate, my sphere of…
How to Scale Your Wholesaling Business to 120+ Properties Per Year
When it comes to aspiring wholesalers, it seems that the common “benchmark” of success is being able to buy and sell 10 properties a month. At 120 properties a year,…
4 Powerful Ways Real Estate Can Make You a Millionaire
Sometimes a team can accomplish far more than a group of lone individuals. For example, cyclists in the Tour de France take turns riding at the front of their group,…
What Real Estate Investors Can Learn From the Meteoric Rise of QuikTrip
Some of you outside the Midwest may not have heard of QuikTrip, but you probably will soon enough. The rapidly expanding convenience store chain is now in eleven states, has just…
4 Reasons to LOVE Owning Real Property (Over Stocks, REITS & Notes)
How many times have you seen people ask whether it’s better to invest in real estate or stocks/mutual funds? What about investing in a REIT versus a rental property? What…
How to Analyze a Rental Property to Know if it Will ACTUALLY Produce Income
Ultimately, if you are buying a rental property, what is your reason for doing so? Let me guess — income. Right? Has to be. Why else buy a rental property?…
How to Document Your Processes for a Business That Runs Like a Well-Oiled Machine (With Examples!)
Are you running your business, or is your business running you? A consistent theme echoed throughout the BiggerPockets community is the idea of developing systems to streamline your investing business. After…
