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5. Invest Blog

How To Help Your Tenant Buyers

Sell them a duplex.

One of the problems new home owners or new Tenant Buyers have is that they can’t always afford the higher monthly payments needed to be in one of our Lease Option properties. The rent we charge has to cover all of our expenses such as mortgage, taxes and insurance. Then we have to add on an additional amount to build up a credit that can be applied at the time the Tenant Buyer exercises their option.

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4. Analyze Blog

Don’t Focus On The Deal

When people first start out in Real Estate Investing they tend to focus on how many deals they can make. They are trying to achieve a certain amount of income so they figure they need a certain amount of deals to make that much money.

But sometimes it may take a long time before a deal actually happens.

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3. Plan Blog

What is a Rent to Own Investment?

They are an investment strategy where a person rents the property from you with an option to buy the property sometime in the future.  How it is structured is you buy a property or you may already own a property and you want to convert that property into a rent-to-own. You decide that you don’t want to rent out that property anymore … for whatever reason.

There are lots of motivators why an investor wants to be in a rent-to-own situation and lots of motivators why a tenant wants to do a rent to own.

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6. Manage Blog

What Is Property Management?

Taking care of your property and your tenants.

As you start acquiring properties, you are going to have to manage them. Property Management is more than just fixing toilets. It’s about making money with your investments.

Property management is making sure your properties are generating a positive cash flow. How do you do that? The first thing you need to do is make sure you only rent to good tenants. People that want to rent your property and that plan on taking good care of it.

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5. Invest Blog

How to Make Money from Your Own Home

I have had people come up to me and tell me that their home is almost paid for, that they have no Mortgage on their home and they are feeling really good because they have no more debt. I tell them that is too bad.

So I take time to talk to them and ask how much their house is worth. They say $300,000-$400,000 and have no mortgage on it. I ask them how their lifestyle is, chances are they are ok but they are not OKAY.

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7- Sell Blog

How To Get Full Asking Price When You Sell?

Whenever I have an investment that I am trying to sell I always try and get full asking price. To do this you have to be dealing with motivated buyers.

For example, when trying to sell my Lease Option property, the price is always set at the start of the contract so the asking price is predetermined.

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4. Analyze Blog

How to Evaluate A Real Estate Investment?

Evaluating A Real Estate Investment for Rental Purposes

A lot of people looking at investing in rental real estate are using something called the capitalization rate (or “cap rate”) to evaluate the financial viability of a potential investment.

The cap rate represents the return you would get on a real estate investment if it was fully capitalized. What that means is that if you were to pay all cash (fully capitalized) for the property you would earn that percentage return on your investment. So, basically, it doesn’t include any costs associated with financing, i.e. no mortgage.

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4. Analyze Blog

Don’t Buy For a Future Price

Your Investment Must Cash Flow

You should never acquire an investment property where your profit is based on an expected future price.

I have seen some investment proposals where the promoter is pitching deals that even have a negative cash flow now … but a high return later. That higher return is based on expected appreciation and a higher price.

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3. Plan Blog

Why Real Estate Investing?

Giving you the truth about Real Estate Investing and how real estate business and life interact. So tonight we will talk about the future and why you want to do real estate investing.

So “why” is always the big questions whenever you start any endeavor! For anything you do It’s got to have some meaning, you have to have some passion you have to understand why it is you want do what you are doing. Determine the reason you want to get in Real Estate Investing.

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5. Invest Blog

When Should You Start Evicting a Tenant?

The decision to evict a tenant should not be based on emotions. You need to implement a process and then execute it. This process can save you a lot of money.

As an owner of rental properties you will always have to deal with tenants who are not paying their rents. There are a lot of reasons why people don’t pay their rents and I have heard most of them. Sure some are legitimate and a lot are made up. Either way, I am running a business and I have to make my mortgage payments so I expect my tenants to pay their rents in full and on time.

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