Once the market starts to rebound, investing in real property also becomes a more appealing idea -- either as a career or a great side job. Like any other endeavor, though, there's a right way and a wrong way to go about it. Bankrate spoke with established, full-time real estate investors and with professionals, such as bankers, to identify the types of traps into which real estate investors … [Continue reading...] about 10 Lethal Mistakes for Real Estate Investors
Reading the comments to my blog posts over the weeks has been amusing, infuriating and sometimes enlightening. The most commonly repeated advice to me is that if I can’t recognize how fortunate I am to own a rental property in the District, then I should sell it. I won’t lie; selling has certainly crossed my mind many times and writing this blog has accelerated my thinking about the wisdom of my … [Continue reading...] about Deciding When to Sell Your Investment Property
When someone tells me they are considering investing in an apartment building, the main question in my mind is: Is this a good deal? (FOR THEM), I am amazed at how many investors don’t know how to recognize a good deal that fits their business model. Learning to recognize a good deal for them takes research, education, and experience. Here are some of the most important issues to consider when … [Continue reading...] about I Am Thinking of Buying an Apartment Complex…Should I?
1. Tenants Refuse to Pay Rent Tenants can withhold rent from landlords for a number of reasons, from cash flow shortages or temporary unemployment, to repair and maintenance disputes. Communication is critical when confronting this issue, and it’s important to understand the tenant and the nature of the issue and try to negotiate, if possible. Structure Payment Options If the tenant has cash … [Continue reading...] about How to Deal With Bad Tenants
We already know that the key to a successful tenancy is to first find a good tenant. Haven't we often secured good tenants only to find they drift to the wayside and gradually become bad tenants? Why is that? There are a combination of reasons that this happens. Those reasons are what I refer to in The LPA's article, "The 6 Biggest Landlord Traps". Let's explore how to make good tenants even … [Continue reading...] about 6 Ways to Turn Good Tenants into Better Tenants
The world of real estate investing can be an intimidating one. The sheer volume of information alone is enough to scare even experienced investors – let alone new ones. However, there are several principles that can guide you through your introduction to the industry. If – at any point in your initial year as an investor – you feel stuck, do not fret. There are steps you can take to stay on track, … [Continue reading...] about 5 Things Every New Real Estate Investor Needs To Be Doing
1. Collaborate. Find great team members to help you pull off your overall vision. One person alone can only handle so much (and it limits your education). – Ken McElroy (http://www.kenmcelroy.com/) 2. Know your numbers. It is easy to get emotional about a deal, no matter how experienced you are. If you know your numbers and stick to them, it takes the emotion out of the equation. This can save … [Continue reading...] about 101 Things Everyone Needs to Know About Real Estate Investing
Here are some reasons why investing income producing real estate is an excellent choice for protecting and growing your wealth: 1. Positive cash flow. One of the biggest benefits to income producing real estate investments is that leases generally secure the assets. This provides a regular income stream that is significantly higher than the typical stock dividend yields. 2. Using leverage to … [Continue reading...] about Is Commercial Real Estate Your Smartest Investment?
When you have your criteria set, it's time to start looking for your investment property. No doubt you've seen "For Sale" signs in front of homes, but there are many other ways to find investment properties. This section will explore various different ways that you can use to find properties -- the list is not exhaustive, but a good start for any new investor. The MLS The MLS, short for the … [Continue reading...] about How to Find Investment Properties
It just sounds way good too good to be true. But in fact, it is possible to invest in real estate without using any money of your own. I didn't believe it either at first, but once I started networking and talking to people about investing in my real estate ventures, I discovered that money is, in fact, everywhere. It is possible to invest in real estate without using a cent of your own … [Continue reading...] about House Flipping 101: Investing With No Money