Tag: real estate investing
0049 Section 8 Renters Are Now In The Surburbs
Despite what people think about the neighborhoods that I invest in, with finding investment properties under $30k, the truth is that the thought of “Section 8” renters and what that comes with just isn’t the case. I put “section 8 ” in quotes because its a loaded term and I don’t agree with how everyone uses it to judge a
0048 How To Invest If You Don’t Make A Lot Of Money
A lot of people have dreams of making it in real estate, but their reality and job doesnt lead them to think they’ll ever get to their goals. I just want to share a couple of stories with the audience of a couple of people I’ve met or read from, and even got inspiration from, that were in positions where
0047 Audience Question: How Much Cashflow Makes A Property Worth Investing In?
This was an audience question submitted by JoanP, and thank you very much! Cashflow is an important part of real estate investing, because when you are earning more than what your monthly costs are, now you’re in business. Monthly cash flow is the amount of net cash left over after covering mortgage, repairs, taxes, insurance, etc. The carrying cost for
0046 What To Do Once You Pay Off Your First Mortgage
Hi! The choice of what to do when if you have any positive cash flow (cash flow being the profit you make monthly/annually after accounting mortgage, taxes, repair expenses), and whether to keep that money in your pocket or pay off your mortgage early is a personal decision. For some, the choice can be to keep the money, and to
Book Review 3: Possum Living By Dolly Freed
Here is a book review that helped to spark my creativity when it comes to purchasing houses under $30,000, and it has been very financially rewarding decision. This isn’t your standard real estate or finance book, but its an outside the box thinking of how you can live comfortably with little or no money. This book is different and not
0045 Sacrifices You Should Make To Become A Real Estate Investor
This episodes focuses on some aspects of your lifestyle that you will need to modify in order to become successful in real estate. Actually, its what I recommend doing before you even start real estate investing. Unless you’re born with a silver spoon in your mouth, there needs to be a change in how often you go out with your
0044 Built In Property Tax Protection For Your Real Estate Investment
This post goes over the important of always watching property taxes, and how the the coming economic trends are showing that property taxes will definitely be raised to make up for shortfalls in city and state budgets due to ever declining tax revenues. However, investing in houses under $30,000 has built in protections naturally to protect you against those swings
0042 Some Markets You Just Cant Afford
Real estate is 100% about the numbers, and it is secondly about property and location. You can have the best house in the world, in a great location, but if the house is worth more than the market can sustain or bear, you are looking at a failing investment. Because of this, I am going to explain how this needs
0038 Why I Dont Invest In A 401k But Instead In Real Estate
This is another one of my more controversial episodes. I do NOT invest in my 401k, and I go into many reasons why I don’t, and why I instead invest in real estate investing. Now, a lot of you do invest in your 401k, which is why my advice is controversial. I am not suggesting that you stop investing in
0036 Taking Pictures After All Contractor Work
I have started taking pictures more and more often in the last two rehabs, and I have noticed that the benefits have been amazing. For documentation, recalling defects, dealing effectively with contractors, and even for legal reasons, this will not only help your long distance investing strategy, it ABSOLUTELY help every part of your real estate investing business. Pictures ARE