As much as it may seem, luck has very little to do with the success of a well-devised marketing plan. If you are sending out letters and simply hoping for a good response, you will not be very happy with the results. Marketing is a science. The more you know about it, the more successful […]
There is really no best way to get started in the real estate industry. Some investors will focus their attention on multi-family properties while others will never entertain anything more than a single-family unit. It all comes down to what you feel comfortable with as a landlord and what makes the most sense for your […]
Investing in real estate may be accomplished in as little as seven hours a week. However, others may prefer investing 70 hours of their time every week. Many investors start out in the business looking to close one deal a year and experiment with the business on a part time basis. They can do this […]
The most successful investors know the importance of establishing relationships and working together towards a common goal. They know their success is directly correlated to their team. Accordingly, one of the most important members of that team is the real estate agent. Between finding and structuring deals, a good realtor can directly impact the performance […]
There are a lot of new investors who enter the industry on a shoestring budget. They may have enough money for a deal, but they know if they don’t watch every dime they can get in over their heads. Instead of looking at the big picture and making decisions based on what makes the most […]
As an investor, you want to give yourself every possible advantage. One way you can get a leg up on your competition is by obtaining your real estate license. Even if you don’t intend to show a single property, this can have residual benefits for the rest of your business. MLS access, advanced notice on […]
Being a real estate investor is very similar to being the quarterback of a football team. Accordingly, you are only as good as the people around you. You can have the best quarterback in the world, but if their receivers don’t catch the ball or the linemen don’t block, nobody will get anywhere. As with […]
Despite what you may see on TV or read on the internet, investing in real estate is not easy. What often takes months, and plenty of trials and tribulations, is condensed into a 30 or 60 minute TV show. The end-product neglects to convey the hardships that were experienced in closing on a property. In […]
Transitioning to a landlord is one of the biggest adjustments an investor must make. If you have never done it before, you may think it is as easy as putting a “for rent” sign on the front yard and waiting for tenants to come running. Once you find your tenants, all you have to do […]
Dealing with bad tenants is one of the worst parts of being a landlord. You can potentially spend most of your day worrying about tenant issues or dealing with them. After a while, landlords need to decide if they want their time monopolized by bad tenants or if it is just easier to sell the […]