No landlord ever goes into a lease expecting things to go bad. Despite their best wishes and a tenants best intentions, things happen. Through no fault of their own, a tenant may lose their job or become sick, setting in motion a series of events that will hamper their ability to pay on time. Since […]
The most successful investors give themselves as many outlets to do business with as possible. Whether this means finding new ways to get leads or working with different people, it is important not to put all of your eggs in one basket. Some of the highlights in the real estate world, in the first month […]
Think about where you were five years ago. Short sales were becoming part of everyday life, the stock market had not yet taken off and you may have been established working in another field. Just a few years later, things have changed quite a bit. It is easy to live for now and focus solely […]
The real estate business is one in which extreme highs are almost always complimented by devastating lows. The best businesses are those that can function somewhere in the middle of these extremes. There are many times when you will find yourself on one path only to shift lanes at the drop of a hat. Whether […]
Even though you are looking at real estate for investing purposes, the buying process is still largely the same. It starts with the pre-approval letter or access to financing and continues through the relationship you have established with your realtor. Like most other real estate purchases, there is a period of joy and excitement followed […]
Anytime you buy real estate with the intent of selling it at some point, you are looking to create value. In some cases, adding value may require you to buy low or in neighborhoods that are expected to increase in popularity. More often than not, you will have to create your own value through the […]
As a property owner and a prospective landlord, you will spend months worrying that every last detail of the purchase goes according to plan. You will check each item on title and every line of the settlement statement until you are 100% confident that nothing can go wrong. It is surprising, but these are the […]
You don’t need to know everything to be a successful real estate investor, but you do need to know what you don’t know. That may seem a little contradictory, but some of the smartest people in real estate surround themselves with people who are much smarter than them. They understand that you need to have […]
The concept of investing in a condo is one in which entrepreneurs have debated for years. For every investor who wouldn’t go near them, there is another that has carved out a lucrative niche. However, investing in condos is similar to any other real estate investment strategy. There is money to be made in the […]
One of the hardest things to do in business, and in life, is to admit when you are wrong. There are many instances when this can come up in the real estate world, but it is particularly prevalent in asking prices. Your list price can either be based on data or a pipe dream, but […]