If you are getting started in real estate, you may have started out like I did with absolutely no tools and a gleam in your eye. This is an vlog for investors by investors, to give you the straight, first hand account of the best new tools to just go ahead and buy, because you WILL need them if doing
This subject will come up within your real estate investing, and I want to give you my personal experience and how it can work for you. The question is asked as far as what is an llc, and how is it used in asset management. I personally choose to register my properties and care for them within my LLCs, which
This is a part of my series where I give you first hand accounting on its best to cut costs without negative effects, and when you should upgrade to a nicer tool, quality, design, etc. Todays Topic: Hammer vs. Hammer.
You know my stance at this time regarding banks versus other sources of money. Here, I just have real life examples of why its not even worth going to banks, and you should always consider alternate sources of funding. TL;DR: 2 banks either turned me down, or gave me a huge application, where I was able to walk into a
Here are some concepts to keep in mind that has major tax consequences, as well as major consequences for obtaining mortgage loans for your investment properties. Make sure when looking at your adjusted gross income, that the underwriters add back in depreciation for your total income allotment. As a real estate investor, one of the benefits is the huge tax
Although real estate is a male dominated field (Constructions, Sales, Whole Sales, Investments), my impressions of the industry is that women are firmly established in leadership and business roles. Despite what one may think, women do not seem to be treated any differently here than in other career fields, and women are touching all aspects of this business. Overall, my
A great part about using real estate as your form of alternate income is that you can become even more successful during the downturn in the economy. As people are losing their jobs, because of your hard work, you STILL have income coming in. You have someplace to live in worst case scenario and won’t leave your family homeless. And,
Finding a real estate agent seems like an easy thing to do, but I ran into a few obstacles I had to overcome. A real estate agents financial interest is selling the most expensive house they can. My interest is finding the more affordable rental properties as low as I can, and multiple times. It takes a few bumps in
As part of my search for houses under 30k, I went into about 20 different abandoned homes in the Baltimore, MD area. It wasn’t always the best neighborhoods, and rarely was it ever bad for me to refuse to enter at all. I didn’t have fire power, so I used a very good flashlight and my pepper spray. You can