No two investors think alike, and that’s okay because the diversity of mindsets is what makes the real estate industry progress. But to get ahead of the drive, knowing our own identity as an investor has a key role in defining how you do business. It’s only when we recognize our own strengths that we begin to make the best possible decisions with lasting impacts.
Personal growth depends on not only physical exercise, but on mental exercise too. 20 books for 2020. Here are my choices, sorted by themes..
People purchase, and own, multi - family houses, for a variety of reasons. Some, do so, because, they feel, it is a more affordable way, to enjoy the advantages of home ownership, because the rents, collected, help to offset the costs. Others, purchase these, for strictly, investment purposes, evaluating the historic advantages, from a financial perspective, of using real estate, in an advantageous manner. In either case, however, it's important, to proceed, wisely, and in a prepared way, to discover, whether, this is the best approach, for them.
So, you just bought a rental house or small multifamily property. Congratulations! Now what? Well, you need to probably fill that vacant unit with a nice family who is going to pay top dollar on time each month, never complain unnecessarily, and treat your property with respect.
Are you part of the vast majority of people who really want to invest, but don’t feel like you’re ready? If so, don’t worry! It took me years before I bought my first house. I understand the frustration and impatience that comes with being a beginner and having downtime. These feelings are common, and we are going to discuss some actionable steps and mindset changes to inspire your success.
For both new and experienced investors, it’s critical to understand how to create new opportunities for investments and find financing for those investments to build long-term wealth. If you want to take your real estate investment business to the next level, you must deepen your knowledge of passive income investments and creative financing.
Recently, I was a guest on the BiggerPockets Podcast. One point that resonated with many listeners was my desire to make a positive impact on the lives of my tenants while building wealth as a BRRRR investor. This got me thinking about what our responsibility as real estate investors should be toward making the world a better place.
There is no way that you can be sure that your tenants are going to take good care of your property. For this reason we have compiled a few tips that can be extremely helpful to you for making sure that your tenants are taking proper care of your property or household.
“Cash flow” is a term that comes up in most conversations on real estate investing—and for good reason. As a landlord, if the rent you charge is significantly higher than your expenses, that difference can not only help you build wealth but can also serve as a potential cash cushion, there to soften the blow when you have too many vacancies or when the unexpected happens and you need reserves.
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?