Make EVERY Home Purchase a "FLIP" - Even if it's a SLOW FLIP
Friday, July 31
House flipping is when a real estate investor buys houses and then sells them for a profit. SLOW House Flipping is when a HOME OWNER buys a house, moves in, and makes gradual improvements over the time they live in the house, and eventually sells the house for a profit. I had read William Ni...
Sometimes a House You Hate... Grows On You
Wednesday, July 29
What happened?! Where are the new updates to Landlords On FIRE?THIS LOF got BUSY with a new deal. I spotted a house I thought might work as a rental property, and did the research. A c.1895 Victorian just south of Lilly downtown. I spotted the property on the MLS a little more than a month ago...
How I started my REI business
Tuesday, July 07
A recent message asked many questions about how *I* started my REI business. I answered them, then decided to build this post out of the answers. Perhaps this can help others - let me know if this helped you (in the comments below) Q: Did you jump in with both feet on real estate investing or d...
What should I ask when interviewing Property Management Companies?
Monday, July 06
When interviewing potential Property Management (PM) companies, and picking one that will Hold The Keys to YOUR HARD EARNED $$ INVESTMENT(S), Ask them A LOT of questions: 1. Ask about their fee schedule. This should be on their website, but ask and see if the quote given is different than what's ...
Why THIS Landlord on FIRE is AGAINST "Direct Mail Marketing"
Saturday, July 04
I've written about this before, and will copy/paste that info here. To be clear: I am against Direct Marketing campaign's that involve mass-mailings to all homeowners in a given zip-code and/or city. As the RECIPIENT of MANY, MANY of these, I can tell you how annoying it is. And as for the mor...
DAY-ONE Landlords on FIRE
Friday, July 03
The paralysis of analysis is a real blocker when it comes to real estate investing. Keep in mind: U.S. retirees have been using "passive" income from rental properties to fund their retirements FOR DECADES. The #1 reason it works is because the laws are written to favor small-business owner lan...