Real estate investing can be lucrative but also time-consuming. If you buy a rental property and have good tenants, you should hypothetically be able to collect rent checks in excess of your mortgage payments and expenses with ease. However, property managers will tell you that idyllic scenario doesn’t reflect reality.
Recently my company bought an active marijuana grow house. It was an illegal operation that was raided by the police. This home was filled with grow equipment, similar to a hoarder property. Now we’re working on fixing and flipping it. Here’s how we budgeted for the rehab.
Buying a home—or more than one—is a key component of the American dream. Most first-time home buyers will go to the bank and take out a mortgage without considering how much money they have available to invest in real estate first. Let’s take a closer look at what you need to consider.
Real estate investing is a tried-and-true way to build wealth—if you’re willing to sacrifice, work 80-hour weeks, and network every spare second, right? The truth is, it doesn’t have to be that way. You can have your cash flow and time to enjoy your life, too! How? The answer is simple…
Recently someone asked me, “What is the one thing you attribute your success to?” I’ve used many investing strategies, but I believe discipline is the main reason any of them worked. Still, over 30 years, I’ve developed some preferred methods. Here are a few I am convinced work best.
The argument about whether you should rent or buy a primary residence is raging online. Here is my argument for why you shouldn’t be adamantly against renting where you live. That said—and before you bite my head off!—I think you should also consider buying elsewhere!
If you’re a seasoned vet, you’ve probably heard of this advantageous tax classification and are perhaps already taking advantage of it! But newbies may not have heard of the real estate professional (REP) designation. Here’s how to qualify and how to use it to your benefit.
Curious about investing in commercial real estate with a triple net lease (NNN)? To make this kind of deal less intimidating, let’s look at a real-life example: a KFC building. Check out the numbers (and learn whether you could replicate this deal) here!
Purchasing a property for yourself is a life-changing investment, as is buying investment property to create passive income. And you can do either (or both) sooner and for less money than you realize. By purchasing on terms, you can buy desirable properties without initially going through a bank. Here’s how it works.
The real estate market came to a halt in 2007-08. I had no safeguard against it nor any ongoing cash flow. My properties were all either in foreclosure, going through the process, or in a short sale. Fortunately, I dug my business out of the hole without filing bankruptcy. But it surely wasn’t easy. Here’s what I did.
Tourists are sure to flock to the coasts in search of sun and sand this summer. Considering investing in a beach house? There are many great beach towns to choose from in the U.S., but some markets will provide a better return on your investment if you plan to use the home as a short-term rental. Here are the top 10.
Want to snag an awesome real estate deal for cheap? Auctions might seem like your ideal option—but beware: there are hidden risks and costs. Here’s why the numbers MIGHT not work out, and why one investor chose to walk away.
Bestselling author Cal Newport sits down with Brandon and David to discuss just what makes high performers different than the rest. He shares insight based on his research as a professor at Georgetown University, including how boredom can serve a useful purpose, how to improve your focus, and so much more!
Some investors love to talk about how great it is to invest near military bases. But as someone with firsthand experience, it’s not always what it’s chalked up to be. Here’s a list of the top six reasons that you SHOULD NOT be investing near military bases.
In real estate, there are rules of thumb investors can use to quickly screen through deals and make guesses about whether or not to pursue them. Notice I said guesses! Always perform a thorough analysis before buying. However, these rules can come in really handy in saving you from analyzing every deal you come across.