The topics of hard money and private money are convoluted. Countless perspectives have been presented, but there are no hard and fast rules about how the terminology is used. Here are a few guidelines to help improve your understanding, so that you’re armed with the knowledge to make the best decision.
One thing you can’t escape in real estate is the paperwork—you’ve got to get your deals signed, sealed, delivered. For that reason, one of the most important pieces of your team is legal representation. Here I sit down for a brief interview with real estate and business attorney Dmitriy Ishimbayev.
While many house hacking strategies exist, each offers varying degrees of cost savings, privacy, risk, and upsides. In my opinion, one such asset type is better than the rest. Take control of your personal finances and propel your journey toward financial freedom by house hacking a fourplex.
I recognized this simple, three-step approach only two months ago. I immediately sat down and strategized how this would apply to my life. With lightning bolt clarity, I saw the path forward to implement these three steps in my life. You can too!
J Grayson grew up poor—but didn’t realize it. His sister tragically passed away from cancer, financially ruining the family. He ended up drinking and doing drugs, until he realized he needed a change. So he joined the military. J eventually settled into a government job and discovered financial freedom!
Understanding how to build credit is critically important. A good credit score allows one to take advantage of leverage (aka debt such as loans) in order to build wealth. To access the most funding options to invest in real estate, for instance, chances are you’ll need good credit. Here’s how to earn a good score.
BiggerPockets is arguably the richest source for aspiring real estate investors. And real estate is the richest asset class in the world. Yet many readers haven’t done their first deal, are in the middle of their first deal, or may still be on the fence about investing. What are you waiting for?! Start now—here’s why.
If you’re curious how fix and flippers evaluate properties, this is for you. I’m going to walk you through a house just outside of Seattle. I’ve never actually seen it in real life—only in photos. Let’s have a look, and I’ll show you what to take note of when analyzing a project.
When tenants abandon a property, should you as the landlord just keep their deposit and move on or follow through with the eviction process? If you have rentals long enough, the situation will come up. Evictions can be costly but you may recoup money—or fall victim to a destructive act of revenge! What’s your move?
Performing a property lien search is an important part of due diligence when buying an investment property. Liens are a matter of public record once recorded. To find out if there are any liens, there are a few options. Get the ins and outs of the process here!
This is an ENORMOUS house—it’s going to be a luxury home in New Jersey. We’re about 3/4 of the way done with the fix and flip. I’m going to walk you through this property, while explaining three essential tips to bear in mind when flipping a larger property. I’ll also go over all the numbers involved in this deal.
Americans access the internet daily for work and recreation. It has a range of applications, assisting with communication, management, acquisition of information, and so on. Its convenience is incredible—but comes at a cost. It also serves as a tool for opportunistic cybercriminals. Find out how to protect yourself.
No matter which way you slice it, you’re in the business of turning a profit. You didn’t become a landlord as some saintly act of giving back to society. You did it because you want to put your money to work and generate income. Unfortunately, you may be making costly mistakes that are killing your profitability.
Want to keep more money in your pocket? Making sure you are maximizing tax deductions on your rental properties is one of the best ways to do that. In this article, we cover everything from home office, mileage, and repairs/maintenance to the Tax Cuts and Jobs Act 100% bonus depreciation and Opportunity Funds.