Real estate is a way to build wealth and increase your net worth. Here are several articles to help you get started in real estate investing.
One of the more popular Google searches today has to do with achieving financial freedom. Since real estate investing is often part of achieving financial freedom, it’s not uncommon for people to search for the best real estate books. I’ll give you my list in this post. When I turned 40, we reached a debt-free …
How do many wealthy people get that way? They invest in real estate. It is a proven way to build wealth. 90% of millionaires became so through owning real estate. So said famous industrialist (and billionaire) Andrew Carnegie. Yet only 15% of Americans invest in real estate, according to a 2017 study. As a real …
7 Ways to Invest in Real Estate Without Buying Property Read More »
According to a VRBO trend report, 82% of families are planning to travel this year. After a long period of being stuck at home, who can blame them? In the past year, home rentals outperformed hotels globally with higher demand for private vacation spaces. For this reason, vacation rentals are an excellent opportunity for interested …
The BRRRR method is a strategy used by “Buy & Hold” investors. The overall idea with the BRRRR method is that an investor would be able to recoup their initial investment (i.e., down payment, rehab expenses) and put it towards another property. This strategy is what I strive to accomplish every time I look for …
BRRRR Calculator + Examples To Learn How To Do The BRRRR Method Read More »
If you’re interested in getting into real estate investing and want to live rent-free, then house hacking might be for you! I was unfamiliar with house hacking strategies when I bought my first house. Then, I haphazardly rented it out after I moved out and moved in with my new wife. I did all this …
Interested in investing in real estate but you’re afraid you have no money? There are creative ways to acquire investment properties without necessarily having the cash in your bank account. When I closed on my first property, I was waiting to hear back from the bank on how much I need to bring. My banker …
What is an Absentee Owner? The absentee owner definition is a person who owns real estate property but does not currently live in it or does not actively manage it. Buy & Hold investors (i.e., landlords) can fit this description. However, the difference is that quality landlords take care of and maintain their investment property. …
Successful real estate investing is about understanding the numbers, such as identifying the monthly expenses and accurately estimating them. For example, seasoned investors use various tools and formulas to determine a good rental property. One of the most commonly referenced by Buy & Hold investors is “The 2% rule”. What Is the 2% Rule? The …
When I look for potential investment properties I always have the BRRRR strategy in mind. BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat. Let’s go over a quick example. Property A is purchased fully in cash for $50,000 (including closing costs). The property only requires $10,000 in rehab. The property is rented out after …
Appraisers Are The Gatekeepers: How I Lost The Battle Read More »
My first real estate investment was in a family-friendly neighborhood. However, I got hit real hard with a big life lesson. Not once did I ever feel insecure about the neighborhood nor working late at night at the property. Imagine frequently visiting your property to check on the status of your contractors. Imagine working on …