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The reality of the real estate investing business is that for every new investor that knocks it out of the park there are five others that struggle getting off the ground. Even though they all start on a level playing field some manage to find deals just a little quicker. The longer you are in...
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One of the most tedious and time-consuming aspects of real estate investing is due diligence. It is not a stretch for a good investor to look at dozens of properties without getting an offer accepted. In fact, they may not even make an offer if the property and numbers don’t make sense. After a while...
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Negotiation is a direct part of almost everything you do in the world of real estate. In addition to negotiating the best possible price on every offer you make, you negotiate with your contractor, property manager and possibly even tenants without even knowing it. The better you are at negotiation the greater impact you will...
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Real estate investing success is available to anyone who wants it. All over the country there is a growing number of people who have turned to real estate as a means of income. Despite the growing numbers, simply diving into the business does not mean you will flourish. There are several important steps and actions...
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If you have been in real estate for some time take a minute and think back to when you started. There is a good chance some of the decisions you made are downright laughable even just a few years later. Every day you are in the business should be a learning experience. Everybody makes mistakes,...
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Every member of your real estate investing team is important. All it takes is just one person to drop the ball to send you in scramble mode. This can result in increased expenses, delayed turnover and rocky relationships with everyone on site. If your investing focus is rehabs and flips perhaps the most important team...
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Owning a rental property is more than simply finding a tenant and waiting for the rent on the first of the month. While anyone can passively manage a rental, there are a few important actions you need to take if you want to maximize your bottom line. Like anything else in real estate, it is...
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There is a fine line between success and failure in any business. Just one false step can set your business on the wrong course and completely change everything. Fortunately, in the world of real estate you control the direction of your business and the decisions you make. By aligning yourself with good people and constantly...
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Numbers should drive everything you do in real estate. If the numbers don’t work, as difficult as it may be, you need to walk away. There are plenty of numbers that alone won’t move the needle too much but added up can have a significant impact. These seemingly hidden figures are especially prevalent in the...
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Regardless if you close a deal a month or a handful a year it is important to have a specific investing niche. Many investors think that being a jack of all trades and investing in numerous different areas of the business is a hidden key to a strong portfolio. While this is true over time...
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