Purchasing Our First Apartment Complex
Friday, November 10
If you're keeping up with us, you know we've traditionally purchased SFR and small MFRs, but through some hard work, late nights and leveraging relationships, we were able to step into the Apartment Complex realm and the anticipated return on this turnaround project is better than any personal ac...
Results from Certified Letter to Unknown Occupant
Friday, November 10
Shortly after the letter was delivered via Certified USPS mail (signature on delivery), I received a phone call. Although short-lived, I was excited to learn the current occupant was willing to sign a lease. ____________________________________________________________Back in November I wrote a bl...
How To Prepare for a Residential Loan Application for REI
Friday, November 10
I'm eventually going to find the right lending partner(s) to have a long lasting relationship with and as we focus on our next acquisition, I selfishly wanted to create this punch list for my own future reference.____________________________________________________________In recent posts I've exp...
Evicted Tenant Destroys Property [video] - 6 Month Follow-Up
Saturday, July 29
And now for the after....we now have properly screened tenants (which are paying rent on time), an improved property and a decrease in criminal activity for the neighborhood.____________________________________________________________ In February I posted a horrific scene of a recent tax deed pu...
Evicted Tenant Destroys Property [video]
Thursday, February 16
The more time I spent at the property, seeing the # of kids riding their bicycles through, I'm happy we got him out and giving us a chance to clean up and improve the neighborhood.In a November 2016 post titled My First Tax Deed Purchase I talk about just that and the unknown tenant living in our...
How to Calculate Your Net Worth [spreadsheet]
Thursday, January 19
Growing our net worth is one of the main reasons we invest in real estate. I also think it is important to calculate your net worth on a routine basis; I calculate ours quarterly. This helps me keep track of our goal obtainment and also encourages me when months go by where we're paying down debt...