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?
Trying to learn the facts about a real estate IRA? Holding real estate in IRA accounts has been allowed since the laws were written in 1974, but only about 5% of all account owners choose this option. Why?
Rental properties are one of the most common types of real estate investments and for good reason. Owning real properties offers a source of ongoing and passive income. Also, holding a property long-term creates the opportunity for the property value to increase.
What do you really think of when you hear the term "real estate"? Do these words conjure images of luxurious dream houses and expensive cars, the fruits of wealth through successful investing? Do infomercials promising the life of your dreams come to mind? Or does real estate remind you of today's headlines, with words like "crisis" dominating the discussion?