Five Reasons To Stop Relying on The 70% Rule
Wednesday, July 14
The 70% rule is a nice high-level guideline to see if a deal passes the sniff test. However, if the 70% rule is the sole basis of your go/no-go strategy, it’s a lazy evaluation tactic that misses too many variables involved in a project. Some projects that hit this “golden metric” might not be wo...
Are You Missing Out on the 2 Bedroom SFH Rental in Your Market?
Monday, October 12
If you’re looking to buy single family homes as rentals, almost all the information you find will suggest that a 3 bed 1 or 1.5 bath is the sweet spot. Given today’s low rates, the additional acquisition cost is usually much lower than the additional rent you can demand for the third bedroom. I a...
Newbies! Here's How to Account for All Costs Of a Flip
Saturday, December 14
You’ve found a great deal, you feel it’s going to work, but how you go about figuring out the potential net profits on a flip? You simply take your purchase price, add your rehab budget, and subtract those two inputs from your selling price, right? Follow that simple formula and you’ll be left sa...
How Do I Know If I'm Ready To Get Started?
Monday, October 07
There has been a recent plethora of posts along the lines of “At what point did you know you were ready to make your first investment?” “How do I know I’m ready to make my first purchase?” These are legitimate concerns and I appreciate the intent behind them. My gut reaction before actually pu...
My First Opportunity Zone Experience and How Others Can Do the Same
Tuesday, September 24
My First Opportunity Zone Experience and How Small-Time Investors and Newbies Can Take the Same Action Over the past year there have been numerous articles and blogs centered on Opportunity Zones, ranging from their intention, to how to form a Qualified Opportunity Fund (QOF), to how investors c...