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2 July 2018 | 2 replies
I understand the emotional strains of running a business.
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3 July 2018 | 20 replies
Make offers until somebody says yes and don't buy on emotion.
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2 July 2018 | 2 replies
I am wondering how seasoned investors obtain the rehab cost number in an efficient way so they can quick screen, and either dig deeper or move on to the next potential deal.
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3 July 2018 | 13 replies
It was a difficult decision as my family is emotionally attached to this home but based on the financial gains of investing the tax free appreciation it makes sense for us.
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2 July 2018 | 6 replies
I made an offer on a 4-plex last week but to my surprise the selling agent just found it convenient to mention today that the seller has "started the eviction process" on one of the tenants - rookie mistake I know I should have dug deeper and not assumed anything.
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4 July 2018 | 6 replies
I was the kid in high school getting offers from private colleges over how high my test scores were, and I ended up ruining so much with drugs, toxic emotions and bad decisions.
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5 August 2018 | 17 replies
However, we needed to dig deeper to understand the motivation of the seller.
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19 July 2018 | 14 replies
Just be very clear on pets you will/will not allow, make sure you understand the support/medical/emotional pets laws in your state as well.Ultimately, if you're screening your tenants correctly, you'll be choosing tenants who are responsible pet owners anyways....Hope this helps!
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8 July 2018 | 0 replies
.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.
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13 July 2018 | 18 replies
I am a caregiver and looking to get deeper into real estate.