Over time, I came to realize that by using some creative strategies, I didn’t actually need to have that many units to have the lifestyle I wanted.
Real Estate Deal Analysis & Advice
When we make investments, we focus on the reward and balance it against the risk. These four tests, as far as I am concerned, will allow us to get to the Holy Grail of wealth without losing our heads.
Many companies use data to improve various facets of their operations. It can also be incredibly useful for investment functions, particularly for real estate investors who seek to maximize their portfolios.
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.
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.
Approaching clients with the humanity and the respect they deserve will grow not only your business, but also your reputation. When sellers remember you as respectful and kind, others will seek you out in their time of need.
Many real estate investors may be getting in far over their heads by buying properties they shouldn’t. Where do you draw the line? What warning signs should you be looking out for when evaluating potential house deals?
As an investor, you’ll have to come up with answers to many questions when you consider acquiring a multifamily property. The first, and likely the most important question is: what will the rents be?
As a real estate investor, you know too well that some of the best deals can be unearthed from vacant or distressed properties. Problem is, sometimes finding the owners of these properties can be like digging up buried treasure without a map—and this is where skip tracing comes in.
There is one item in specific which seems to represent the biggest pitfall for investors, and it is property taxes. Let’s look at five of the properties I came in contact with over the past thirty days and their tax burden.
What should you look for in a rental property? Are there guidelines? What factors should you consider? What about those pesky “rules of thumb” so many people preach about? Get answers here.
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.
Let’s walk through my most recent purchase. I’ll show how it fits with my plan, how I found this (off-market) deal, how I analyzed it & how I financed it.