• Fri. Apr 19th, 2024

buying rental property

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Your profit is determined by your purchase price

I just wanted to do a quick post on the importance of paying the right price when you purchase a property. Here is an example. I am bidding on a…

Reader Question: Contractor or Home Inspector?

I just received a question from a reader asking, “Do you use a team of contractors or a property inspector to look at the rehab that is going to be…

Purchasing Commercial Property (Part 3 Initial Evaluation)

My agent emailed me over the listing information on the new prospective commercial building. It seemed to fit most of the criteria that I would want to see in a…

Purchasing Commercial Property (Part 1-Case Study)

I am in the process of trying to purchase my first commercial investment property. Now, for the record, thus far I have only owned single and multi-family residential properties. Wow!…

Four Green Houses or One Red Hotel?

Yes, even playing Monopoly as a kid, I was enamoured with real estate. I guess many people are, whether they know it or not. That’s what made that game so…

Estimating Expenses of Prospective Rental Properties

One reader of my book, How to Buy Your First Rental Property and Beyond, recently asked an excellent question that went something like this,”How do I determine the expenses of…

How to buy rental property in a declining real estate market

OK, so I’ve been pretty silent from posting most of this year. This shouldn’t be too surprising to those who read my posts, as you also know I felt that…

A 2006 New Year’s Resolution: Don’t Over-Finance That Property

I’ve talked to a lot of real estate investors recently about the 100% mortgages and Interest Only mortgages that have become rather popular over the past few years as housing…

Does this real estate market scare ANYONE? Why it may soon take a turn for the worse AND how continue to THRIVE as a RENTAL PROPERTY OWNER

I have been meaning to write another post for about two months now, but I kept putting it off. Lazy? Well, maybe a little. Truthfully, I have been really busy.…

Calling all landlords for unique financing and “nightmare” landlording stories

During the past several weeks, two of my friends have developed a couple of common rental property issues. The first friend has a landlording issue, the second friend has more…