Attributes I stay away from when buying rentals
Friday, December 20
I look at a lot of properties, and over the last 2.5 years I've been investing in rentals in the Milwaukee area, I've come up with a few key attributes that I stay away from. Fireplaces I just have a desire to not have tenants start fires in houses that I own. Only 1 Bedroom My lowe...
Missing earnest money
Thursday, December 19
I have a property under contract and got the accepted contract back on December 6th. On December 7th, I sent in my earnest money. Yesterday, December 18th, I got a call that since I haven't yet submitted my earnest money, the contract might be cancelled. The asset manager for the property ...
401(k) Seminar and 2014 Outlook
Thursday, December 12
I was at a 401(k) seminar today. It was only 1/2 hour, but it covered the highlights of what we're going to expect in 2014. Some points I took away: - Returns on stocks should be about 5-8%. - Returns on bonds should be about 2-4%. - 2014 will hold steady and not be as good as 201...
Investing in a cold weather climate
Wednesday, December 11
For all of those who invest in California, Florida, or the south, you may not know exactly what it's like to invest in a cold weather climate. For example, the day I'm writing this, the low is expected to get down to -5 degrees F. Yes, I said negative degrees. As in, it's so cold out that ...
2 bedroom brick ranch $24,900
Sunday, November 24
Thought it might be helpful to record my notes in my blog about some of the properties I visit on the weekend. One thing I like to do is keep an eye out on the inventory in the area. Another thing is to keep an eye out on the rental amounts in the area as well. So today I visited a nice li...
Scared tenants
Sunday, November 24
I've seen this more than once -- I try to view a property that is bank owned and has tenants already in there ... and I can never get a showing. The tenants are always not at home, or the whole family is sick, or it's a bad time, etc. I have a suspicion of what's really going on. The tenan...