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 smaller multi-family apartment complex of about 15 units. The current owner had bought the property for about $730K, four years prior. Maybe he put...
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 needed on the property?” Here is my response: I have used home inspectors for many properties, but as I developed my network of contractors,...
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 commercial property, at least from my general lack of experience with this type of real estate: It was large enough to hold multiple units...
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! What a difference in the process, compared to buying a residential property! Even though I consider myself a very experienced landlord in residential real...
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 popular over the years. One of the questions that I get most often from budding rental property owners and newbie landlords is “what’s better–...
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 a property. Do I just guess?” In the book, I do discuss the usual and expected expenses that a potential rental property owner may...
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 refraining from buying in the current residential real estate market was also prudent. If you do a quick perusal of my previous blogs, you...
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 prices have become arguably over-inflated in various markets across the US. Recently, I read an article from one “seasoned” real estate investor, who made...
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. Mostly, however, I’ve just been plain scared about the residential real estate market and wanted to write a post that express my fears to...
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 of a rental property owner issue. In other words, the first one is having problems with property management, specifically tenants. The other is having...
Loading ...
Follow Us!