Why Landlords Win

Why Landlords Win
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...
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Single Families versus Duplexes (in my market)

Single Families versus Duplexes (in my market)
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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How I Determine Market Rent

How I Determine Market Rent
When I first started as a landlord it is pretty hard to determine what to rent properties for, as you have no idea what the market is like. There are some really easy ways to get the job done. Call Local For Rent Signs This method is too easy.  Drive the neighborhood and call 3 or...
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After Repaired Value – The Most Important Skill

After Repaired Value – The Most Important Skill
Determining the after repaired value (ARV) of a property is probably the most important skill an investor can have!   We analyze over 100 properties a week and being able to quickly determine what they are worth saves us hours of time.  If a property is way overpriced we don’t...
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House #33 – Bad News, Frustrated, Edison Pulled the Electric Meter

House #33 – Bad News, Frustrated, Edison Pulled the Electric Meter
I guess I haven’t blogged at all about House #33 yet.  We put it under contract last week after having  the listing agent trying to get our offer accepted for almost 4 weeks.  Neither of us were that excited about the house, no garage, flat root in a mediocre area.  As you...
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Know your Competition – Real Estate Investing

Know your Competition – Real Estate Investing
When you read the title of this thread, you are probably wondering where I am going with this article.  This is not about working with or being friends with your competition, although I think that can be valuable.  It is about knowing the deals other people are getting. I have this...
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Real Estate Investors – What Not to Buy

Real Estate Investors – What Not to Buy
Finding that perfect deal that meets all the rules is already so difficult, but there are some problems properties have that no investor can fix. I thought I would make a list of some of the things that get me to pass on a property, no matter what the price is: Busy Streets This...
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Investing in a War Zones?

Investing in a War Zones?
One of the age old debates of real estate is should an investor buy properties in the “war zone” areas.  These properties usually go for very low prices because a majority of investor won’t touch this area.  The numbers almost always look good on paper, but what...
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Earnest Money Deposit on REO Properties

Earnest Money Deposit on REO Properties
When you submit an offer on any piece of Real Estate you will have to provide an Earnest Money Deposit on the property.  This demonstrates that you are willing to take action on purchasing the property and you actually have the funds.Your deposit is a commitment to purchase the property...
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Working with Random Appraisals

Working with Random Appraisals
If you have been following the blog, you probably know that right now our biggest problem is not finding a willing buyer, but getting a bank that is willing to fund the loan.  The rules have changed and appraisers now are our biggest challenge. Most of our properties sell to FHA...
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