There are a lot of numbers associated with real estate investing. Between the 70% rule, the 50% rule and the 2% rule, it is easy to get overwhelmed. However, these numbers and “rules” should be viewed as guidelines instead of an iron clad way to conduct your business. The most popular rule associated with determining […]
For every positive change in mortgage guidelines and programs, getting a loan as a self-employed borrower is still very difficult. Since most self-employed borrowers do not show all of the income they make or write off the profits, passing debt to income ratio standards is nearly impossible. Long gone are many of the stated income […]
Being a landlord is difficult. It sounds simple enough, but if it was easy, everyone would do it. In a perfect world, you would have a property manager handle the everyday tasks around your property and not have to worry about rent collection. This can work on properties where there is excess cash flow, but […]
Whether we like it or not, the Internet has changed how we live. Most new buyers will look to the Internet before going to a realtor. Prospective business partners will do a quick Google search or glance at social media platforms to provide them with clues as to whom they are working with. Subsequently, if […]
Every time you purchase a property, you are required to provide evidence of hazard, or homeowners insurance. Some investors treat this as a necessary evil, but if you ever had to utilize your insurance you know just how important it is. If you do not have the proper coverage or think you are covered in […]
Anytime you are trying to sell a property that you have rehabbed, it is important that you sell to the right buyer. Wasting time only to find out that the seller is not really approved or there is a problem with their application can set you back months. It is important that you spend the […]
In an ideal business, you would have a steady mix of deals closing with new ones coming in. Too many investors fail to keep an eye on their pipelines and bringing in new deals. Unfortunately, they tend to focus only on the ones they are currently working on. Of course it is important to bring […]
Much has been made about the lack of available credit and the difficulty encountered when trying to obtain a mortgage. However, while many programs have gone away, there are still loans available for qualified borrowers. If you have a good credit score, a low debt to income ratio and money to put down, you can […]
Getting a mortgage can be a very overwhelming experience. In addition to the massive amount of paperwork needed – if you are fortunate to have options – there can be quite a few to choose from. Between deciding on the right lender, trying to find the lowest rate and working towards closing by your deadline, […]
Filling a vacancy can be a very stressful time for any property owner. The sheer thought of having to cover the mortgage payment out of pocket or have no money coming in at all can cause many sleepless nights. Before you get in a panic as far as what you will do if that day […]