Underwriting: turning weaknesses to strengths
Sunday, September 05
A few months ago my biggest weakness was my underwriting. So I promised myself Id turn this weakness and turn it into a strength. I read books on the subject. My first step was to ask people who better than me at underwriting for book suggestions about underwriting . One book that was recommended...
How long should it take to turn an apartment unit?
Saturday, September 04
Assuming the apartment has been updated prior to the current tenant moving out it should take one week (max less than 2 weeks) to turn an apartment unit. When I say "turn" the degree I am am describing is new paint and clean. You want a new tenant in there ASAP. If you let a unit go vacant for a...
Strategy of expanding to new market
Friday, September 03
We recently decided to start looking into a second market. However, my mentor advised that we dig deeper into our current market before expanding into a new market. He warned that going into a new market will help us find a deal faster especially because we are going into a new market looking at ...
EVICTION BAN ENDED PREDICTIONS
Saturday, August 28
The eviction ban ended a few days ago and here are my predictions. I have talked to many more experienced real estate investors about the eviction ban ending. As much as we want another 2008 like market correction to happen I don't think we'll get it. There's several reasons why I don't believe t...
how to invest in another market
Wednesday, August 25
My team and I recently decided to expand to a new market. Here are the things I look at before deciding to commit to a new market: 1. Make sure that the population market within the MSA is increasing (if 1 or 2 zip codes in the submarket has a decreasing population that's not too of much of a co...
starting 30 day challenge
Saturday, August 21
I noticed that I was spending a lot of time on social media. Although, I was putting in a lot of work I feel like I can be more productive if I cut off the time I spend CONSUMING social media. Although, I get regular messages on social media from potential investors I learned from more experience...