No more blizzards of paperwork, emotional buyers or after months of working to land a listing, suddenly finding out that the seller's second cousin's babysitter's boyfriend has a great aunt, who while barely able to walk, still has her real estate license and she's going to get the listing that I was working for.So while I'm no longer involved in residential real estate, I strongly recommend EXP for those looking for a first or new brokerage. 

He told my partner that my tenant and him got into a fight and he had to restrain my tenant and barely made it out with his life.

 I have had a successful relationship in the past based on these terms: a $200K loan at 5% in exchange for, in part, getting to watch (and participate in) a full scale renovation as it happens (plus interest of course). 

Even the hint of a lie is an embarrassment that can barely be borne.

So I have a bare minimum knowledge of the techniques used within Rental Property Investing, However, I learn much better from doing.

If not, it's a non-starter for me.After you move out, will it cashflow in real terms (i.e. after all of the expenses you will then bare, including management, does it cashflow at a level that is acceptable for you?  

Architectural purists will be relieved to hear that the home has seen barely any structural alteration, apart from the removal of a closet that was originally near the front door.

And as I’ll share with you in a minute, that’s something I want you to steer clear of for now when selecting your rental market.You’ve probably heard the mantra that goes something like:"Look at what everyone else is doing and do the opposite”This is one of the times to heed that advice.But, before we look at what criteria makes a great linear market, let’s examine the “old criteria” (that I used to recommend) and exactly where it went wrong.This will help you get an even better understanding of why we’re going with the new criteria moving forward.Typical (Old) Market Recommendations:Find A Market With 1% Rule Deals On The MLS1%’er = a house where the rent divided by the all in price is at 1% or greater.Example $700 (rent) / $70,000 (all in price) = .01 or 1%.This is typically the bare minimum ratio that a rental property investor will accept.

- The key is to find properties where you can add bedrooms & bathrooms, or at bare minimum update the kitchen & bath- Also keep in mind what area will have the highest rental rate! 

I would say my property barely breaks even, but I have never had to worry about my tenants not being able to pay which was a huge relief once the pandemic started.