There is something to be said in the business world for working smarter than everyone else, as opposed to working harder. There is certainly nothing wrong with a little hard work, but why run yourself ragged if you don’t have to. As an investor, oftentimes the biggest challenge you have is finding new deals. You […]
With Thanksgiving right around the corner, winter will be here before you know it. In many parts of the country, people are already dealing with snow. Those tired of the crummy conditions are probably already thinking about escaping. Many areas, particularly in the Northeast, where skiing is prevalent, are prime locations for a vacation rental […]
Not every house you buy will be a good rental candidate. There is a lot more that goes into finding the perfect rental property than just looking to get a good deal. A great house to retail may not be the best house to rent. Rental properties require different characteristics than a house you would […]
Flipping houses is a lengthy and in-depth process. As easy as it may appear on TV, the process of acquiring a property, fixing it up and selling it quickly at a profit is a lot of work. This doesn’t mean anyone can’t do it, but to be successful at it you need to know what […]
Every dollar you spend on your business has an impact somewhere else. If you decide that you want to expand your marketing, it will take away from your ability to use that money elsewhere. As an investor, what you will find is that it often takes more money than you realize to run your business. […]
The ability to use cash when making offers will help you find more deals and close more transactions. The problem is that not every investor has enough cash to cover these purchases. This doesn’t mean that you can’t find someone to help you in the process. Every investor should have private money to fall back […]
If you own rental property, you can be sure that at some point in almost every lease there will be a tenant complaint. Even the best tenants or the best properties will have issues come up during a yearlong lease. How you handle them as a landlord will go a long way in keeping your […]
The real estate market works in cycles. Early last decade, when conditions were different, you could buy a property in April and sell it in June for a handsome profit. Soon after the market collapsed, there was a shift to foreclosures and real estate owned properties. One strategy that has stood the test of time […]
Before you consider pulling money out of an investment property, you need to know exactly what you are qualified for. The mortgage market is changing constantly and what you thought you were eligible for just a few years ago may not be applicable today. There was no area that was impacted more by the mortgage […]
There are certain scenarios in which having choices is a good problem. As a real estate investor, it may be difficult to determine what to do with your profits. There is a natural temptation to treat yourself for all your hard work, but that is probably the worst thing you can do. A small reward […]