Landlord Expenses – It’s Not All About Covering the Mortgage

In my previous blog, I gave you some solid lessons for doing your homework before purchasing a property to see if that property will really create the cash flow that you are trying to achieve. Doing your homework can really show you if the monthly rent amount will cover the PITI (Principal, Interest, Taxes, and …

When Purchasing a Rental Property, Throw the Formulas Out the Window!

Everyone has a different method of deciding if a property makes money or not. Sounds crazy, but people have varying opinions about making money on their rental properties. Some think that if a property costs them money over a period of a few years, then they sell it and make $5,000, they've made money. But …

“Go For It! What Do You Have to Lose?” Advice: Consider the Source

Advice: Consider the Source If you've ever been pregnant, no doubt you remember everyone telling you how painful your labor was going to be, the best way to get your baby to bed, how to handle nursing, and all that other wonderful advice they provided. They meant well but, quite frankly, did you follow all …