OK – so I am not particularly a fan of flipping houses. There are many reasons for why I feel this way, but they all boil down to the reality that fix and flip strategy represents some of the hardest, most stressful, and most dangerous work in all of Real Estate Investing. And WORK it […]
There are very few things that we can count on in life – taxes and death are about it, as they say. But, there is another undeniable truth in life and it is expressed in the following axiom: The Answer is Always NO – UNLESS YOU ASK THE QUESTION! In telling you this I don’t […]
In this article, I’ll show you how to choose the best house to fix and flip. I’ll cover calculating purchase price, determining location, understanding the right type of property to buy, and which types of renovations to do. Calculating the Purchase Price of a Fix and Flip Previously, I wrote an article entitled Calculating the Purchase Price of […]
From the stand-point of stability of income and resulting appreciation of value, it is absolutely crucial that the units we choose to hold long-term are desirable today and remain desirable in the future – period. If not, you are going to have the hardest sales job ever… However, simply owning desirable units is not enough. […]
If you’ve been following my site, you should appreciate the absolute necessity of investing your money. No matter what type of investing you choose to do you will need access to some amount of capital. Even if you follow my lead and get good at 100% financing of real estate, you will still need some money […]
Having discussed income ad nauseam, it is time to make a clear distinction about what income does and does not do. Income may or may not cover your expenses, and it may or may not leave anything for you to spend after your bills are paid. What it most certainly does not do is provide […]
As the say, when it rains it pours. Recently I brought several quality podcast to you, and here’s another one. This show is with Mark Ferguson of InvestFourMore. Different Approaches on Real Estate Finance This show is interesting in that Mark and I have differing views on a number of subjects, from licensing to our approach […]
Do I have a treat for you today…!!! I am not exaggerating when I tell you that finding a podcast host in the real estate investing space who really understands what’s going on in this industry is just as difficult as finding a deal worth buying today. Both deals and podcast are plentiful, but most […]
A few months ago I appeared on the FatherNation podcast with Jesse Foster. This is a fun, and important, podcast wich aims to provide young dads with useful information on how to do our jobs of fatherhood better. I don’t know about you, but being a father, for me, has been the most challenging job […]
This post is about the 7 reasons to invest in real estate. I cover my personal exploration, goals, and why I decided on real estate rather than stocks. The world of investing is vast. There is an endless span of opportunities from virtually risk-free investments (such as bank savings accounts and personal CDs) to hyper-aggressive and […]
If you’re trying to figure out how to make the best use of your cash, here are the 7 key advantages of real estate investments. My experience has been that real estate is the most rational and attainable investment opportunity for a self-made investor; someone with a lot of energy and desire but not a lot of […]
In the past couple of years I’ve written a number of articles which dissected the one of my acquisitions from 2013. I coined this transaction the Symphony Deal, and it is a turn-around of a 10-unit apartment building that I purchased in February of 2013. I set out to write about this transaction because it […]
I was touring a property with my PM yesterday. It’s not quite 100 units, but large enough for a syndication. Everyone agrees that there is a clear value add story, both in terms of top line and the economic loss. Knowing which repairs to make is crucial – knowing how different improvements pay us back […]
As you know, the value in apartments is a function of capitalizing NOI. The more the Net Operating Income, the more an investor will be willing to pay, in the most basic sense. There are, however, other elements at play when we raise rents. Indeed, raising rents can have the effect of compressing economic losses of […]
We’ve been discussing CapEx as of late. We’ve defined what it is, namely the amount spent on big-ticket depreciating items such as roofs, flooring, appliences, HVAC, etc. Additionally, CapEx is a line item in our underwriting of income-producing investments real estate which tracks the money we set aside for future such repairs. CapEx is a […]