Using Bad Tenants to Improve My Business
Friday, April 06
If you have experience being a landlord, you know how difficult (and frustrating) bad tenants can be. You quickly realize why people despise being a landlord. But having bad tenants can be a good thing, at least in the long term. It forces you to reevaluate your current prescreening process and g...
Avoid the Real Estate Education Trap
Thursday, January 26
Education is extremely important, especially when you first decide to become a Real Estate Investor. In the beginning, there are so many questions that you will need to find answers to. Questions such as:1. What is wholesaling?2. What is a lease option?3. How to find a deal?4. How to recognize a ...
Estimate Repair Costs According to Strategy
Wednesday, January 18
What is your investment strategy? Do you buy and hold properties for the long term? Or do you fix and flip for quick profits?Whatever your strategy is, it’s important to evaluate repairs accordingly. If your plan is to fix and flip, you are going to be spending more on repairs because you need to...
Flipping Houses IS NOT Real Estate Investing
Tuesday, January 17
Flipping houses IS NOT investing in Real Estate! When you buy something in the hopes of selling it for a higher price in the future (buy low, sell high) that is SPECULATION.You are speculating on two things:1. You are purchasing the item at below market price2. You will be able to sell that item ...