Investing Outside Your Home Market? Do This First!
Thursday, October 11
I once had a student come to me with a 40-unit property in Eden, North Carolina for an unheard-of $13,000 a unit. The seller claimed he was getting $650 per unit in rent, but when we looked closer, we found only 40% of the property was occupied. Red flag #1. We decided to investigate further. A...
The Liability of Equity: Why Debt-Free Isn’t Always the way to Be
Tuesday, October 02
You hear it all the time from financial gurus. Debt, they say, is like slavery. And the best thing you can do is break free of those chains as quick as humanly possible.For the most part, they’re right. When it comes to consumer debt (credit cards, personal loans, etc.), owing money all over town...
Why House Hacking a Plex is the Best Possible Way to Start Investing
Friday, September 14
If you’re at all interested in multifamily real estate investment, then there are two words you need to learn right now: house hacking.What does it mean to hack a house? The definition is simple: buy a residential multifamily (4 units or less) with strong cash flow numbers, live in one of the uni...
Mind over Mechanics: Why Real Estate Investors Need More than Skill
Monday, August 27
The mechanics of multifamily real estate investment are easy to grasp.Funding, analysis, negotiation, due diligence, property management—these are skills that anybody can learn. All you need is a couple of books, a coach/mentor, and the willingness to get your hands dirty.But, if that’s true, the...
The 9 Things You Need to Know About Property Management Companies
Thursday, August 16
When it comes to managing multifamily properties, I’m a big fan of self-management. “Still, sometimes it makes sense to hire a property management company (PMC), especially if you’re new to the business.”A professional PMC can help you conduct your due diligence on a property and learn how to ...
5 Ways to Increase the NOI on Your Multifamily Property
Friday, August 10
There are two main factors that affect the long term profitability of an investment property – market appreciation and increasing cash flow. Outside of curb appeal and capex, market appreciation is pretty much out of our control. On the other hand, driving value by increasing cash flow is absol...