Rentals 101: How to Cut Your Maintenance Costs by 25%
By now, it’s pretty well known that current market conditions have made investing in long-term rentals more appealing than ever. If you buy a few rentals and then self-manage them, you’ll have several duties (other than cashing checks). One of the biggest is trying to keep your maintenance costs as low as possible. The best way to keep maintenance costs low, often over 25% lower, is to visit your properties on a regular basis to Read More
The Way of the World
“The way of the world is meeting people through other people” – Robert Kerrigan You can’t do this business by yourself. I don’t care if you have a trunk full of cash and know where to get a good deal on thousands of houses. You have to buy those houses from someone, and you have to sell or rent those houses to someone. In between the buying and the selling you are going to need Read More
What You Should Know About Out-of-State Owners
Buying properties from out-of-state owners is what I consider to be the most overlooked method for getting great deals. Why? Because many top investors are NOT pursuing this method. Here’s the situation: Those who aren’t pursuing out-of-state owners often tell me, “Yeah, I need to be doing that.” And the ones who are already doing it absolutely LOVE it! The worst comment that I’ve heard about this method was as follows … “I tried mailing Read More
Is It All in Your Head?
I’ve seen it time and time again. I give one investor all of the tools he or she needs to succeed, but failure ensues. Another investor receives the same tools and proceeds to secure tremendous wealth and financial freedom in a very short time. The difference? Their mindset. Having a positive mindset is critical for your success as a real estate investor. It’s the attitude that you WILL prevail in any given situation. It is Read More
Ask and You Shall Receive
Some investors have trouble asking for help when they need it. I wonder how bad they’ll need help before they can get over that. Do they have to be on fire, or losing their own home, or about to miss out on the real estate deal of a lifetime because they don’t have a lender? Shyness certainly has its place, but it will make your investment business perform more like a hobby than a business. I Read More
13 Warren Buffett Quotes for Real Estate Investors
If you follow the news, it’s likely that you’ve become concerned about the state of today’s housing market. And it’s no wonder. Just open up the real estate section of any paper, and you’ll see nothing but negative headlines. To prove my point, here are some recent headlines: “Foreclosure Crisis Continues”, “Home Prices Tumble”, “Housing Woes Won’t End Soon.” I could go on. I’m not saying that these headlines and articles provide false information. For Read More
8 Real Estate Success Tips
As you prepare to invest in real estate, I encourage you to follow these 8 real estate success tips. They have helped me greatly as I have navigated my way through the world of real estate, and life in general. It’s my wish these tips will have as positive impact on your life as they’ve had on mine. Real Estate Success Tips You Can’t Live Without Create a Game Plan – Decide what you want Read More
Creating A Mindset For Success In Real Estate Investing
What gets you out of the bed each day? Do you have goals and plans, both short and long term, or is the fact that you will be out on the streets if you don’t make next months rent or mortgage payment what motivates you? I say this to prove a point. Some people are pleasure motivated and some people are pain motivated. I think it’s important to find out which you are. If you Read More
Common Sense Asset Protection
I wanted to share a few ideas about asset protection to help you on your way to success in your investing career. You don’t have to be rich to start thinking about and implementing asset protection strategies. It is better to start and get in the habit while the amounts are small. This is similar to tithing. Tithing is much easier if you start while the amounts are small. Example: It is much easier to Read More