This month, I’m scheduled to close on two luxury homes. The first is worth a conservative $1.5 million and we’re buying it for $950,000. The other deal is smaller but still excellent. It’s worth about $620,000 and we’re paying $430,000. So, just in January, I’m pulling in about $740,000 of equity.
While I’m hesitant to reveal […]
Ask several experienced landlords about advertising and they’ll tell you it’s a waste of money. But it’s not true. In certain circumstances, where other free methods are inadequate, a landlord can use advertising to give their real estate investment that extra little push toward positive cash flow. The key is understanding how to focus your advertising […]
Vacancy — no word is more motivational to a landlord. You’re required to pay your mortgage payment, regardless of whether you have the house rented. So, finding a tenant literally makes the difference between losing money or making money from your real estate investment.
The conventional wisdom is to buy an ad in your local […]
This is a common problem for landlords. Sometimes, tenants don’t understand that a 12 month lease means they’re legally obligated to pay their rent for 12 months. So, they decide to move out. Your cash flow disappears and you have to spend months fixing up the property and finding a new tenant. Is there anything […]
As a landlord, you need to choose your investments carefully. Pick the right property and you’ll bring in profit, month after month, year after year. The opposite is also true. Buy a dud rental property and you can enter a world of frustration and loss that lasts months or years.
For a landlord, each real estate […]