Some people say you can’t make money on low cost properties. They argue that affordable homes are in unsafe neighborhoods, with unstable tenants and high crime. But is this really true? Absolutely not! Recently, I asked my mentor Robert Shemin, if it’s possible to...
Every single expense you encounter as a real estate investor ultimately comes out of your ROI. That’s why it’s so important to be prepared for any costs and expenses you might encounter. I often find that there are three big expenses that many investors overlook. If...
For many real estate investors, this scenario is their worst nightmare. What would happen if your rental property were to catch on fire? I don’t mean to alarm you, but it’s plausible. Whether it’s an electrical mishap, or due to negligent error on your...
What should you do if your tenant wants to sign a multi-year lease? I know many landlords are hesitant to do this. If you’re signing a new lease with a new tenant every year, there’s an opportunity to raise your rent. And if you’re signing a multi-year lease, you...
Most new investors have misconceptions and make mistakes as they’re starting out. It’s part of the process, and it’s how we learn! Don’t beat yourself up if you overpay for your first property, or make extraneous renovations. After all,...
Return on investment, also known as ROI is the single most important metric to consider when you’re assessing a real estate investment. What is ROI, and why is it significant? ROI is a formula used to evaluate the performance of an investment. ROI is the way you can...
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