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Have you ever walked into a mall somewhere and in the window, there were these awesome, fantastic, amazing, beautiful shoes? They were to die for! And then they are only $795.00. (I would never spend that much on shoes!) You may start convincing yourself that these are a great purchase for that price because you want them …
Continue reading "Determining Wants vs Needs"
Hire a Realtor®, Become One, or Do It on Your Own? Maybe all 3! When purchasing rental properties, most people plan for this to perhaps be a side job or something that might grow over time. Others will pursue this as a full-time job and have investment property management in their primary profession. Whether to …
Make sure you know why you are buying your investment property and when it's time to let go! People who plan ahead for the future always have an exit strategy in place before they get into a situation. You may be thinking, "What in the world is an exit strategy?" Putting it into perspective for …
First things first, I did want to go to law school, but didn't, so here's my disclaimer: I am not a lawyer, which is why I recommend you get advice from an attorney if you have questions about incorporating. But what I can tell you is, when you incorporate, it is a very easy, simple process. …
Continue reading "To Incorporate or Not to Incorporate? It’s a Wise Idea"
Before going into debt to buy real estate as an asset, you need to get your finances in order. What that means is figuring out: Where can you get the money to pay for your real estate investment? There are lots of choices out there, actually. Most people think that if you want to invest …
Continue reading "Where Do I Find the Money for My Real Estate Investment Property?"