Even COVID only barely slowed the trend in 1H20 and the activity resumed in 2H20.- A flood of new capital driven by flight to safety from underperforming sectors (office, hospitality), as well as new capital from other areas (e.g. stock market is at the all-time high, but the future is uncertain).- Big boys are coming to the sector - case in point, Blackstone acquisition of Simply Self Storage.- Downward pressure on the cap rates from the competing new capital, while, at the same time, new supply applying downward pressure on rents.

No more blizzards of paperwork, emotional buyers or after months of working to land a listing, suddenly finding out that the seller's second cousin's babysitter's boyfriend has a great aunt, who while barely able to walk, still has her real estate license and she's going to get the listing that I was working for.So while I'm no longer involved in residential real estate, I strongly recommend EXP for those looking for a first or new brokerage. 

He told my partner that my tenant and him got into a fight and he had to restrain my tenant and barely made it out with his life.

 I have had a successful relationship in the past based on these terms: a $200K loan at 5% in exchange for, in part, getting to watch (and participate in) a full scale renovation as it happens (plus interest of course). 

Even the hint of a lie is an embarrassment that can barely be borne.

So I have a bare minimum knowledge of the techniques used within Rental Property Investing, However, I learn much better from doing.

If not, it's a non-starter for me.After you move out, will it cashflow in real terms (i.e. after all of the expenses you will then bare, including management, does it cashflow at a level that is acceptable for you?  

Architectural purists will be relieved to hear that the home has seen barely any structural alteration, apart from the removal of a closet that was originally near the front door.

And as I’ll share with you in a minute, that’s something I want you to steer clear of for now when selecting your rental market.You’ve probably heard the mantra that goes something like:"Look at what everyone else is doing and do the opposite”This is one of the times to heed that advice.But, before we look at what criteria makes a great linear market, let’s examine the “old criteria” (that I used to recommend) and exactly where it went wrong.This will help you get an even better understanding of why we’re going with the new criteria moving forward.Typical (Old) Market Recommendations:Find A Market With 1% Rule Deals On The MLS1%’er = a house where the rent divided by the all in price is at 1% or greater.Example $700 (rent) / $70,000 (all in price) = .01 or 1%.This is typically the bare minimum ratio that a rental property investor will accept.

- The key is to find properties where you can add bedrooms & bathrooms, or at bare minimum update the kitchen & bath- Also keep in mind what area will have the highest rental rate!