Is your local real estate market hot? Are good real estate deals getting harder to find? If so, you’re not alone. But this isn’t a new problem. The times when it’s easy to find real estate deals are the exception. The 2009 – 2012 U.S. real estate downturn briefly made finding incredible deals as [Continue Reading]
The Time We Paid Cash For a House 3 Days
One time my business partner and I paid cash for a house and bought it in 3 days! The deal was agreed to on a Wednesday, and we closed on that Friday. I’ve been marketing “I Buy Houses, Fast Cash” for years, but I have to admit this was a first. Our previous best was [Continue Reading]
How to Run the Numbers For Rental Properties – Back-of-the-Envelope Analysis
Rental properties in the right location and with the right numbers are incredible vehicles to take you to financial independence. But without getting both of those factors right, rental properties may not work well. So, in a prior article, I shared how to find the right location. In this article, I’m going to show how to find [Continue Reading]
Followers Don’t Make Money – How to Buy Properties Others Avoid
Hi everyone! As you read this I’m likely somewhere in Ecuador in South America exploring our new 1-year home country with my family. I will settle into a regular routine and a good WiFi connection within a few weeks. But in the meantime, I asked some fellow real estate bloggers whom I respect to write [Continue Reading]
How to Calculate Rental Property Cash Flow – A Comprehensive Guide
Investors don’t decide to buy properties; they decide to buy the income streams of the properties.” – Frank Gallinelli Some rental buildings are beautiful. I particularly admire well-constructed, brick structures with hardwood floors and large, dry crawl spaces. But the building only matters indirectly for rental property investors. The beauty of the building is relevant if it attracts [Continue Reading]
Trust: The Ultimate Bank Account (& 6 Ways to Grow It)
I write a lot about financial accounts. Don’t you love the idea of savings accounts with a lot of cash or real estate investments with large equity balances? I know I do. But there is another type of account that probably affects your life much more profoundly. This account measures trust. Stephen R. Covey calls this an [Continue Reading]