A famous quote by Abraham Lincoln goes something like: “That some achieve great success, is proof to all that others can achieve it as well.”  So, in essence as Dean Graziosi likes to say, ¨If I can do it, anyone can!¨   All of us would like to one day work as little as [...]

Have you ever heard of the ¨wanna be´s.¨ You know the type of person that says; ¨I wanna be this,¨ or ¨I wanna be that,¨ but the person never takes the necessary steps to actually start their project, their career, or their hobby. Well real estate is no different! There are lots of [...]

With the volumes of material written on real estate investment, rental properties, making the right buy, and selling for profit, it is easy to become a “numbers” investor.  And, there are many very successful real estate investors out there who concentrate very much on the numbers of the deal.   ·         Gross Rent Multiplier ·         Capitalization [...]

Where will you be in five years with your rental properties?  Will you be enjoying a lifestyle that suits your personality and interests?  Or will you wake up each morning dreading an argument with a complaining tenant, or having to knock on a door and ask for rent that’s a week late?   We’re not talking here [...]

We do the research, shop the available properties, and finally make a suitable purchase of rental property.  With everything ready to go, it’s now time to locate a tenant.  We’ll need to know the rent to be charged, so a grasp of the factors influencing rents is important.   Supply – What is the supply situation…how many [...]

Break-even Ratio – The Lender Cares and So Should You     What is break-even ratio?  Simply, it’s the point at which a rental property goes from negative to positive cash flow, or the point at which we break-even on cash flow to operate the property.  This is one calculation used by lenders to determine the feasibility of [...]

When purchasing a multi-family or other rental property, part of the due diligence on the financial side is the careful examination of all financial reports, profit and loss, assets and liabilities.  One of the items an investor must give some attention is the vacancy and credit loss history of the property.  If the seller cannot [...]

We diligently search advertisements, work with property bird dogs, and do extensive research trying to locate that excellent rental property investment.  For multi-family properties, we want all the normal things, like reasonable condition, good location, a below-market purchase price, and stable market leases.  It’s the leases that bear really close scrutiny.  We have honed our [...]

Auction isn’t only for foreclosures or tax sales, though it is used frequently to move this type of property.  Getting more popular are auctions by regular owners who just want to move their home with a bit less hassle, and possibly save a little money as well.  Why do some sellers take the auction route?  [...]

Keep your foundation clear of growth and well drained to avoid structural problems, drainage issues, and expensive repairs.   Shrubbery, flowerbeds, or other forms of landscaping around the foundation of a home are attractive, but when they get too close they may contribute to serious and expensive problems. Maintain a healthy buffer between growth and the foundation [...]