Hello, These were questions that were submitted when members first signed up for my newsletter, and got their first crack at submitting their first questions. The questions addressed today are: 1) How did I go about financing my rental properties and their subsequent renovations 2) Whats the quickest way to close your first deal 3) Can a contractor go with
BiggerPockets Tips On Investing In Real Estate In The Inner City: Reblog from December 15th, 2013 article
For those of you thinking of investing in properties with basements, trust me, water leakage is a common problem but there are steps you can take one by one to fix the issue. Please listen today as I discuss the 3 main steps of fixing basement water leaks: 1) Fixing the Gutters To Route Water Away From Your House (so
There are anchors you can look for, on google maps or just by doing a search of the local industries, that give you a great example cities to invest in. In this episode, I share with you the geographical anchors you can spot by looking at an address on google maps, as well as other economic anchors that can really
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
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
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
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
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
If you read literature that talks about wealth building, or people who have created their business, you hear the same themes: It gets easier every time, and that you do that same thing that works over and over again. I am here to confirm, once you get started, and your first house finished, every single other house after that will