Right now, there is an investor out there about to close their first deal. The feeling they have at the closing table is one they will remember forever. At this point their business can go several ways. They can continue to have success and close more deals or they could hit a bump in the […]
Investing in real estate is an emotional experience. There are so many wild swings every day that it is easy getting caught up and possibly saying or doing something you regret. All it takes is one emotional decision to set your business on the wrong course. The best investors are not only disciplined but they […]
In the real estate world, it is important to constantly build your team. By surrounding yourself with good people that provide a specific service you can close more deals and maximize your bottom line. One of the biggest shifts in the industry over the past decade is with how investors fund their deals. In the […]
It is always cheaper paying for customer retention rather than generation. As a rental property owner, you should hang on to good tenants with everything you have. You will never know how much a good tenant is worth until they leave. When you are forced to find a new tenant, you will spend valuable time, […]
Direct mail isn’t dead. In fact, it is one of the best ways to jumpstart your business and generate leads. One of the reasons that investors have stayed away from direct mail is the cost. It is no secret that direct mail can be an expensive proposition. If you do not know what you are […]
Most new landlords self-manage the properties. While there is nothing wrong with this if you don’t know what you are doing you can quickly run into trouble. As great as rental property ownership can be all it takes is one bad tenant or one oversight to quickly change everything. You are better off taking your […]
The best real estate investors are those that can adapt to any situation. They know that no two deals are the same and there is no such thing as an easy deal. Instead of complaining about a lack of volume they spend any down time preparing themselves for their next deal. What you will find […]
Excess debt is a burden that can eventually consume your business. It leaves you susceptible to short term cash crunches and changes the decisions you make on almost every deal. In certain situations, debt can be the catalyst that propels your business to new heights however for most investors debt can be crippling. If your […]
Every real estate investor should have access to a hard money lender. Even if you have your own capital or don’t think you will ever need hard money you never know what the future holds. There are certain situations where using hard money funds is the best possible option. Getting access to these funds doesn’t […]
In any business time is money. In the real estate rental world there is no bigger bleeder of time than dealing with prospective tenants. Without a firm plan and systems in place you can let one tenant drive you around in circles. It is critical that you do most of your tenant screening before they […]