It can be tempting to invest in very low quality apartment buildings, duplexes, and other rental properties. The price per unit is much lower, offering the false illusion that if you can turn the property around to make big profits. However, the problem is seldom with the property. The real problem is the quality of […]
Don’t Change the Rules – Change the Game
Something our legislators and other regulators are constantly trying to do is control the big players in real estate investing by passing new laws that change the rules. For instance, there is a waiting period for institutional buyers when government owned foreclosures come onto the market. The waiting period is intended to allow buyers that […]
How to Decide if Professional Property Management is for You
Since you are in the real estate business, I assume you have thought about hiring a professional property management company from time to time. Or maybe you’re just getting into the real estate profession and trying to decide if you want to manage rental properties yourself. Today, we’ll look at some of the reasons you […]
How to Turn Okay Tenants Into Good Tenants
There are several things you want to do so that you have good tenants in your rentals. Mostly it involves setting standards from the beginning without invading their personal space and their rights as tenants. You should have a set of rules you expect them to follow. Type them out and have them sign a […]
The Many Ways to Invest Your Private Money
There are many ways to successfully invest in real estate. One that is currently taking on a renewed life is private money lending. With the banks sitting on the sidelines, private lending creates an opportunity for investors to make a high return while having their money secured by real property. Private money lending can be […]
Benefits of Investors Getting a Real Estate Agent’s License
Whether an investor should get a real estate agent’s license is ultimately a personal decision. Some investors believe it’s critical to the long term success of their investment business and others think it’s a waste of time and money. If you’re an investor, I don’t recommend that you get your license to help the public […]
Joint Ventures – Raising Real Estate Investing Money
Joint venture (JV) is a phrase used to describe a partnership when it’s not practical to have formal partnership papers drawn up and filed with the state. Often, joint ventures are used for a single project or when the partnership will be short term. It’s a great vehicle for raising real estate investment money. This […]
How to Get Multiple Offers on Your House
Let’s start with location. If you invested in a house on a busy intersection, next to a freeway on ramp, or on a four lane main arterial through town, shame on you. You’ll be lucky to get any offers. The order and primary considerations in which buyers judge homes these days are location, price, and […]
Mobile Homes – A Different Poker Table
Telling the well-healed that you invest in mobile homes and trailer parks doesn’t sound sexy at an upscale cocktail party. However, people that used to be big time investors and lawyers on Wall Street are turning to mobile home investing as profits continue to escalate. The attraction is the 20% return on investment that trailer […]