According to the SBA, over 50% of small businesses fail in the first five years. I would venture to say that real estate investing is a lot tougher and even more fail. There are so many moving pieces but managing the cash flow is the silent killer.
Here is how the process works...
I try to buy a lot of houses and every so often I think I am pretty close and am disappointed to hear the dreaded No from a seller. Sometimes they are less polite and use words like: “cheap”, “crazy”, “wasting my time”, etc.
Here are some of the...
I have posted a lot about wholesaling and how I think it should be done on this blog. Many beginners seem attracted to it because it requires the least amount of capital and has very few moving parts. In reality I think this is one of the hardest things a real estate investor...
If you’ve been reading the blog for a while you know I like stats. I thought I would compile some stats for what 2011 looked like as landlords for us.
New Purchases
26 new rental properties
22 are single family houses
2 are duplexes
1 two houses on a lot
1 commercial building
The...
Well, 2011 is now officially finished. It was a great year for us and we hit almost all of our goals.
The holiday season being so prevalent I have been thinking a lot about what went right in 2011 and what went wrong. How to make 2012 even a better year and what to focus on. ...
The summer flew by and things have been progressing. We just closed on our latest rental. It is a giant mess inside and outside. This deal was bought from a local wholesaler who found it via a mailer. The same person owned it since 1984 and has since moved to Nevada and had...
I have recently been asked to elaborate on my rental property purchase criteria. You would think I have an elaborate set of guidelines, must haves and must want but it is not that simple. If you have been following this blog for a while you might remember that we started in the...
Recently a new member of Bigger Pockets posed a good question. Why keep any properties long-term if you can make 30-40% ROI reselling a property.
I had an answer in my head, but being the number crunching type of guy I am I wanted to see what the actual numbers would look like.
Here...
I am probably on 20 different local real estate wholesalers email list and it seems like the same thing happens over and over again.
Wholesaler A sends an email blast with a property that is advertised as the next greatest deal. Usually it is beside train tracks and on a busy street...
I was going through some year to date profit and loss numbers on my portfolio of long-term properties. I do this every couple of months, it really helps me to know the numbers so I can see if there is anything I need to tighten up and what I should buy more of.
After looking at...
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