Tag: rental income property

Today we have audience questions to answer: – For leveraged properties, when do you decide to pay them off? -How are you financing your properties -Should I go expensive, mid tier, or low tier in a working class property? -Quick rule of thumb for identifying a market you like? **FYI: this was filmed before the REI EXPO, where I was

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Here are the Audience Questions For today’s Educast: Would You Be A Mentor and Do A Walk Through On My First 2 properties? How Long Before You Invested In Your First Rental Property? How do you complete an “As Is” Contract As a buyer or seller? How Do You Find A Good Property Management when You can’t go to local

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This is part 2 of the series, “I’m not going to live there so I’m not going to pay for ______.” From biggerpockets. View original article  here!: As a new investors, especially in low income neighborhoods there is a mindset that some people suffer from called the “I’m not going to live here” mindset. There can be times when it

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Please join us today as I talk with Sharad M., of Max Properties LLC. Sharad has been buying and renovating houses for the last 4 years, and in life and in real estate, has acquired a vast amount of insight, wisdom, and success. Please enjoy as we discuss Sharad’s ability for him and his wife to decide to live off

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BiggerPockets Reblog: Click Here For Original Article How should you decide how “nice” to improve a rental? Here’s how I determine it, using something I call the “Coziness Factor.” Facebook Community: The Sub30k Facebook community is over 8,500 members strong and growing every day. Join us! Join Our Facebook Group Connect with Me: I’d love to get to know you

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You guys know I feel that banks are a last resort! Well, let me tell you one more story if you haven’t gotten the point they are more likely to tell you No, than Yes. Facebook Community: The Sub30k Facebook community is over 8,500 members strong and growing every day. Join us! Join Our Facebook Group Connect with Me: I’d

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http://www.biggerpockets.com/renewsbl… Today I would like to share with the BiggerPockets audience a systematic technique I use to vet low priced/high cash flowing neighborhoods: The Leveraged Analysis Technique. This process leverages the available resources so we can find safe Working Class Neighborhoods (WCNs), as well as cut our search time in half by not wading through duds. The analysis is powerful

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Now that I’ve given you a system for finding high cash flowing working class neighborhoods and properties, I need to emphasize this: You can NOT drop the ball on the tenant screening! You NEED to screen your tenants. It is not a myth that in these neighborhoods, there is a higher chance of getting someone who’s money is stretched tight.

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http://www.biggerpockets.com/renewsblog Since I am on the ground in working class neighborhoods, I always try to find out the story of how the neighborhood became so distressed with low prices. I always find out that these houses used to be in great neighborhoods 20, 30, 40 years ago – but when the jobs left, the neighborhoods began to reflect that economic

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http://www.biggerpockets.com/renewsbl… It seems that the mainstream discussion about depressed housing seems to have one broad brush strokes on all depressed housing (priced anywhere from 15k-45k), as if every neighborhood in the country has the same characteristics. And despite the fact that we say the truism that real estate is local, the conversation turns south very quickly over these large geographic

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