Buying, Selling and Profiting in the Russian Real Estate Market (1/4)

Monday, April 16

This is the story of how I got involved in real estate investing and the tale of my very first purchase. This is how it all began for me. Years ago my wife and I moved to Russia to work with a Christian non-profit organization. Our plan was to live and work in Russia for 5 years. I noticed immed...


What is IRR and Why Is it So Important to Investors?

Saturday, March 10

Finance is math applied to money. For the investor, a basic working knowledge of financial math goes a long way in comparing different investment opportunities. But for most, the nomenclature of finance can seem daunting. Probably the most mystifying of all the financial ratios is the IRR, or the...


The Top 5 Reasons I Invest in the Self Storage Business

Monday, February 19

I've always been pretty excited about self-storage investments. How many of us have driven by a self storage facility and wondered, "How can I get a piece of that business?" Intuitively we know that it's a great business model, and the trend for easy storage is not going away anytime soon.  Most ...


The One Big Flaw in Buy-and-Hold Investing

Tuesday, February 13

I am a buy and hold investor. Cut my signing hand with a carpenters knife and I bleed "buy and hold" all day long. Transactions costs and taxes are so destructive to capital that I've always steered clear of the real estate "fast trade". But, over time, the buy and hold model breaks down. Let me ...


The One Reason I'm Not Buying Small Apartment Deals

Tuesday, February 13

The 12-Unit DealNot long ago I worked with a broker to get a 12-unit building under contract for $1,300,000. The rents were $1500 per month, per unit grossing $18,000 per month. The numbers from the owner showed an average vacancy of 10% and an expense ratio of 55%, putting the Net Operating Inco...


Multi-family Risk: The "Tails-Side" of the Investment Coin

Wednesday, January 31

Heads and tales, risk and reward - the two sides of an investment that must weighed to make an informed decision. It is also precisely why asking investment advice can be tricky – risk and reward are not necessarily a 50 /50 proposition as no two investors evaluate them with the same weight. Te...