Invest in a market where the numbers make sense and just focus on the cash flow. That is my belief, take it or leave it, but I do not believe in appreciation. I do not believe in speculation. I believe in the core fundamentals of a deal as it lies today.
Author Engelo Rumora
The popular belief is that you can’t profit on $30k properties, but I need you to completely throw that perception out and listen to me carefully.
Look, it’s tough because a lot of them are shady operators, and a lot of them are not doing the right thing. Therefore, you need to make sure to ask the right questions when interviewing a property management company.
With real estate costs rising in most major U.S. cities, finding a good real estate deal seems impossible. Unless, that is, you’re looking in the Midwest.
Once you catch the real estate bug and get that first rental check, I guarantee you will not want to go back to anything else.
The BRRRR method is great and can work in your favor—just make sure you crunch the numbers. And don’t forget the BRRSR method! You heard it here first.
Yes, you should buy properties that have back taxes and you should buy properties that have liens—as long as the numbers make sense and you’re going to make money.
In my opinion, true financial freedom and true passive income are when you never get that call from the tenant. So, how can you go about accomplishing something like that?
Simply having a million dollars won’t make you happy and fulfilled. Family, giving back, and staying true to myself are the real measures of success for me.
I really real estate is a game of making more money than you lose, but you WILL lose at some point. Don’t forget that. Here’s my story of missing the mark.
If you have $20,000, where should you start looking for a deal? Get one investor’s take on the best way to get in the game with little working capital.
Here’s a look at what’s trending right now in the real estate investing world, plus some commentary on how I’m feeling about it.