My First Investment Property, Part 4: Actually Make Money
Monday, July 20
Finally! You did your research, found the right property, negotiated an offer that worked, and closed on the property. Now you sit back and watch the money pile up!Yeah. . . about that. If that’s your goal, put your money in something truly passive. Real estate is a lot of work, and the toughest ...
My First Investment Property, Part 3: Get to Closing
Tuesday, July 14
Once you’ve found the property you want, it’s time to take action. Unit now, you’ve just been "kicking the tires," so to speak. Visiting the properties is better than sitting at home reading and listening to podcasts without actually doing anything, but you haven’t really taken action until you ...
My First Investment Property, Part 2: Identify the Property
Friday, July 10
While finding your own deal through marketing, driving for dollars, etc. works for a lot of people, that’s not the route my wife and I went. When we started looking for my first mutli-family, we had not yet found Bigger Pockets. We were both (and still are) working a full-time jobs completely unr...
My First Investment Property, Part 1: Understand the Numbers
Tuesday, July 07
Hello BP! As I’ve gotten more involved in the forums lately, I’ve noticed that most members here are like me: part-time (or aspiring) investors looking for a way to boost their incomes or set themselves up for nicer retirements than their 401k’s or pensions (because those will still be there whe...
Appreciation: The Icing As Thick As The Other Guy's Cake
Friday, July 03
The other day, I was talking with a friend who is just beginning to consider investing in real estate, and we got on the topic of property appreciation. We both recited what we'd heard from multiple guests on the BP podcast and other reading: that appreciation is the "icing on the cake." It is a...