Have you ever wondered, why certain storefronts, and apartments, etc, seem to remain vacant, longer, than other similar ones, which might be owned by different owners/ landlords? Different owners seem to have differing philosophies, perspectives, and points of views, when it comes to key components, including: pricing; tenant quality; occupancy rates; and overall cash flow requirements, and priorities.
Many who are starting out with rentals seem to get the broad concepts but don’t quite understand how to reverse engineer replacing a set dollar amount of income.
When your reputation is blossoming and is pristine, you don’t have to spend money on marketing, advertising, or lead generation. We get inundated every single day with people who want to work with us, all because they did a quick Google search and saw how positive all of our reviews are.
You see, many people want to invest in real estate, but they also want to live in a great location where rental properties don’t make a lot of sense. They want to enjoy the sun, the city, the lights — but they want cash flow from rental properties that they’ll never find in their backyard
No matter which way you slice it, you’re in the business of turning a profit. You didn’t become a landlord as some saintly act of giving back to society. You did it because you want to put your money to work and generate income. Unfortunately, you may be making costly mistakes that are killing your profitability.
There is nothing more exhilarating for me when speaking with a new investor than the moment when they get it. The real estate bug has bitten them. They understand the immediate and life-changing power of real estate. Then, they start to peel back the layers of what it means to invest through the buying, renovating, leasing, and holding real estate long-term.
When investing out of state, the type of lender that’s best really depends on the type of loan product you need. There are certainly nationwide lenders in both the commercial and residential space, but what you’re trying to accomplish matters most in terms of what type of bank you approach.
Purchasing your first property is exciting. It can also feel daunting, scary, intimidating, and thrilling. You may have spent years researching how to get started investing in real estate. Or maybe you just decided last week that it’s something you want to do.
It’s a huge advantage for an investor to buy across different markets. Multiple markets open up additional purchasing opportunities, rather than introducing limitations. It gives you the ability to pick and choose the best of the best.
Working 9 to 5 but trying to build some extra income streams? Rental properties are a classic income-producing investment and can help you reach your goals of financial independence. With enough investment…