May 21, 2021 | Propety Management
This article was updated March 17, 2021. I get why newbie real estate investors might be enticed by the 2% rule. In short, the rule states that if you can rent the property for 2% of the purchase price, it will cash flow. Is that true? Occasionally… but in...
May 21, 2021 | Propety Management
Let’s talk about my “Hell House”—the propertythat taught me the importance of CapEx in real estate. I bought the home for an incredibly cheap price: just $40,000. What a steal, right? I put another $40,000 into fixing it up and then refinanced, following the BRRRR...
May 21, 2021 | Propety Management
Rehabbing is one of the most trying and most important parts of the real estate investing business. Quality construction will make your property shine in the retail or rental market. However, achieving that quality rehab can try your patience. Perhaps the project runs...
May 21, 2021 | Propety Management
Michelangelo is one of history’s greatest sculptors. I never dreamed he could teach me so much about real estate investing. But he did. Michelangelo said, “The sculpture is already complete within the marble block, before I start my work. It is already there; I just...
May 21, 2021 | Propety Management
It was a beautiful sunny spring afternoon about three or so years ago. I had a meeting set up at Starbucks with a potential investor, Stu. Why Starbucks? You probably guessed it—it offers a comfortable and semi-private setting for people to have a conversation and...
May 21, 2021 | Propety Management
Imagine this scenario: It’s 2021. Everything and everyone around you is the same as when you went to bed last night. But you suddenly realize that prices on everything have reverted a half-century. But only for you. And only when you buy. Houses, cars, and chewing gum...
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