Getting your phone to ring is one thing, but converting those calls into a deal is quite another. You can spend months coming up with a marketing plan, but unless you have a system in place for handling the volume of calls you receive, you will be disappointed with the results. Not only do you […]
For some, being a landlord is not all that it is cracked up to be. The job requires a careful attention to detail and a willingness to put out constant fires. At the end of the day, the cash flow must be worth the headaches. However, many landlords are not aware that their tenants happiness […]
In the real estate industry, two investors can have completely different opinions on the same topic and be right. There is a large contingent of investors who will not go near any type of vacation area rental property. However, there are those who will focus exclusively on this particular niche. While you should never throw […]
There is much more to becoming a successful investor than finding the right property or knowing how to break down a deal. When you are in business for yourself, there is not enough emphasis placed on the fact that you are really running a business. You may not consider yourself a numbers guy or be […]
The thing about unexpected expenses is that they are, in fact, unexpected. They will come at the worst times and typically out of the blue. In order to brace for this scenario, you need to keep an ample supply of reserve funds on hand. This should be money that you can pull out of an […]
You can spend days evaluating a property and weeks running the numbers, but unless you have financing, all you are doing is wasting time. The number of mortgage brokers and professionals has shrunk considerably over the past few years, but there are still viable options available. If you qualify for a mortgage, you will have […]
It has been said that “he who hesitates is lost.” This is certainly an appropriate quote for anyone investing in real estate. There are many deals gained or lost because of the decisiveness of a particular individual. You can spend days plotting your plan of attack on a property, only to find out that you […]
The goal of owning any asset is to try to prolong its profitability and usefulness for as long as possible. This theory may be applied to any asset you currently own or intend to enjoy in the future. For real estate investors, the properties they acquire are their primary assets. Any rental income they are […]
There are many important calculations and numbers involved in every real estate transaction. However, there is none more important than the after repair value. This will be the number that affects everything else you do from what your offer price is to the budget of any repair work. How accurately you can estimate this number […]
In today’s market, there are three approaches that can be taken to determine the estimated value of a property: a comparative market analysis (CMA), a broker price opinion (BPO) and an appraisal. The CMA and BPO are both performed by local realtors or brokers while an appraisal is done by a certified appraiser. Depending on […]