Because homeownership is often less expensive than rent, we could see some of our rent-to-own tenant buyers start trying to execute their options. If you don’t have tenant buyers, you may want to consider using them for your rental property. You will generally get more rent and less hassle. In my experience, less than 20% […]
A common problem with rehab investors is getting their properties to appraise once the rehab is done. This is true if your plan is to resell the home, but is especially true to those of us that will be refinancing the property. A bad appraisal could ruin your deal and your profit. It is a […]
One of the large mentorship programs – and star of a reality TV house flipping show – preaches debt stacking your real estate deals to reduce or eliminate your out of pocket requirements. Potential real estate flippers are sold on this because they hear that they will get infinite returns with little or no risk. […]
I recently had a conversation with a client that was buying his first flip. We were going back and forth about a couple of items and he was pushing back on some aspects of our loan. After a bit more discussion, he finally admitted that he was just nervous. Nervous that he’d purchase the wrong house, […]
The headlines this month are the Fed’s decision to finally start tapering the bond buying spree beginning now. They are backing off buying bonds by $10 billion a month from $85 billion. I think this is significant and I am happy it is finally taking place. I have also read recently that this has not had much […]
The Single Member LLC – Should I Use One?
Correct use of entities in a real estate investing business is one of the most common mistakes I see investors making. A Single Member Limited Liability Company or SMLLC, being the most common. In the states we work, we are lucky to be afforded the opportunity to use SMLLCs because not all states allow them. […]
Drive for Show, Putt for Dough: Why Smaller Moves Will Make You More Money
Last week I shot a 97. That was my best round yet. I started golfing about 3 years ago, and I am enjoying the challenge. I first took lessons to learn how to hold the club and make contact with the ball, which was surprisingly difficult. I remember that accidentally breaking a club in half […]
FINANCIAL DEFENSE The True Path to Wealth
“Congratulations! You play fantastic offense” This was said sarcastically by Thomas J Stanley in his famous book, The Millionaire Next Door. I have not read or listened to this book in more than eight years, but I still remember this phrase. That one, and the millionaire saying, “I drink two types or beer. Budweiser and […]
Should You Invest In Retirement Accounts?
By Travis Sperr: I think of this frequently, “Where is money best invested for the future?” As a real estate investor, I often run the numbers to see how much cash-flow I need to live the way I deserve to in “retirement”. I use quotes around retirement, because I don’t plan to work into the […]
