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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?"
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 …
Continue reading "Landlord Expenses – It’s Not All About Covering the Mortgage"
Alright, I know no one likes to do homework but, just like your teachers told you in school, if you don't do your homework, you will fail! The same is true in real estate. You have to do your homework to succeed. Time and time again, I've heard investors say that they just can't rent …
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 …
Continue reading "When Purchasing a Rental Property, Throw the Formulas Out the Window!"
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 …
Continue reading "“Go For It! What Do You Have to Lose?” Advice: Consider the Source"