Tag: real estate investing
0060 BiggerPockets Blog: The Truth About Cheap Properties and War Zones
BiggerPockets: Investing in a Low Priced Neighborhood Doesn’t Mean It’s A War Zone! Here is my guest contributor post to biggerpockets! Thank you, and don’t forget to leave comments!! This is a really big opportunity to spread this awareness and strategy, and thank you all who’ve been with me up till now to be able to have a larger platform
0058 Do Your Repairs Up Front And Save Yourself A Headache!
This is a little story time about lessons learned about why you want to do all of your repairs up front, before you start renting the property out. This is for many reasons, least of which is that it can save you money in the long run by fixing problems before they become larger, as well as giving your tenants
0057 Why You Should Buy and Hold Vs Flip
Now, before I start, there are many SUCCESSFUL flippers. However, I am speaking of why Buy and Hold Vs Flip strategy, buy and hold CAN be a better long term strategy for two key reasons 1) Return of taxes in regular and ordinary income and 2) More asset flexibility. Once I renovate A property, I am tempted to flip it,
0056 Audience Question: Should You Purchase A Tenant Occupied Property
This Audience Question is submitted by Joan P. Thanks Joan! Good luck on your real estate investing! Yes, purchasing tenant occupied property can work out, you just need to do your due diligence. This involves seeing 6 months of rent payments, doing a walk through to see how the tenants are keeping up the house, viewing the current rental agreement,
0055 Ask Your Bank Questions, BEFORE You Start Doing Business With Them
This is a video that explains how you can assert a little more control over your credit, and obtaining financing from banks or credit unions, by asking a few pertinent questions. Many of these questions may seem obvious, but people don’t tend to ask and it does have an effect on what financing offers will be available to you. Be
0054 Plumbing: DIY or Contract It Out?
Here is more in the series that can save you time and money. When it comes to plumbing, Ive found that there are many smaller items you can do yourself, and save yourself some money, and learn something in the process. However, I also go over where you should hire a contractor. This is part of the Cutting Costs category
0053 How I Purchased 4 Rental Properties, All Under $35,000
A common question I get asked if how did I purchase my rental properties, all which were under 30k, and making more than $900 in rents each month. This was through 4 different products/financing instruments: 1) Conventional Mortgage 2) Depleting my 401k 3) Titling My Car 4) Personal Loan From the Credit Union. These aren’t really “normal,” but at my
0052 Audience Question: Do I Create An LLC Before or After I Purchase My Rental?
This audience question is submitted by Joan P. Thank you, Joan! Her question was do you create your LLC before or after you purchase your rental property. If you are going to go the LLC route (and I discuss reasons why some people have rightly chosen not to), then you need to create the LLC beforehand. This is make sure
0051 Mentor/Mentee Investor Success Story!!
Here is Mike Kim, who I mentored through his first real estate investment deal. When Mike heard that I purchased real estate investment property under 30k, he was intrigued and interested in hearing more. Back then, we were co-workers just discussing investing. With his interest peaked, we both went and searched for investment properties, and we both purchased at the
0050 Don’t Purchase On Court House Steps!!
Don’t purchase on court house steps. I will caveat this and say UNLESS you can clearly see inside every window, in every room, and you have a LOT of experience in real estate investing, or you have a home inspector with you. If you are new to real estate investing, the amount of time, effort, and cash on hand you