Plumbing Leak Damges Ceilng! water damage how to invest in real estate real estate investing beginner real estate investor

#Plumbing #Leak Damages Ceiling & Walls! #propertybrothers

We own a 2 bedroom condominium that we purchased last year. The unit above ours was foreclosed around the same time, and a new owner purchased the above unit about 6 months ago. We were able to take a peak at the above unit while it was vacant and it needed lots of work. A […]

Dining Room Hole in the Wall beginner real estate investor how to invest in real estate

4 Lessons Learned – #Section8 #TenantScreening

Let me preface this post by saying that we are not casting aspersions on the Section 8 program. We can only speak from our personal experiences. During the past 2 -3 years, when we advertise a property for rent, we get many inquiries from prospective tenants who have “housing vouchers.” The “housing vouchers” go by […]

Foreclosure Kitchen beginner real estate investor how to invest in real estate

Chasing #Foreclosures! The #FixerUpper! #foreclosure

It’s Foreclosure Saturday! We have a standing 4pm appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think […]

Condominium Living how to invest in realestate beginner realestateinvestor realestateinvesting

When #Tenant Borrows Security Deposit … #tenantscreening

We posted a 2 bedroom condominium for rent. The condo is located in a lower middle class area, so it was taking longer than usual to find an acceptable tenant. A 41 year old man submitted a rental application. His initials are DA. DA had fair credit, an acceptable salary, and a good landlord reference. […]

Rental Townhome how to invest in real estate beginner real estate investor handsonrealestateinvesting

When #Tenant Negotiates Up Front … 3 #LessonsLearned

We have a 4 bedroom 3.5 bathroom townhouse for rent. We received an inquiry from a 47 year old male schoolteacher with a 12 year old daughter. His initials are KLJ. A divorce damaged KLJ’s credit, but his income is over $80k per year, and he has a very good landlord reference. Due to his […]

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When #Tenant Offers Double Security Deposit … 3 #LessonsLearned

We are screening prospective tenants for a 4 bedroom 3.5 bath townhouse. A young couple with 2 children viewed the townhouse and liked it very much. As we began talking about their qualifications, they mentioned that she had delinquent student loans and he had no credit at all! To counter their poor credit, the couple […]

Water Damage Flooring beginner real estate investing how to invest in real estate

#Plumbing #Leak Flooded #RentalProperty! #propertybrothers

We were 99% complete on a renovation project to add a full bathroom to the lower level of a rental townhouse we just purchased. The contractor did excellent work. The only concern was it took much longer than projected by the contractor. We went on vacation for a few days, and when we returned, we […]

Eat-In Kitchen w/ Granite Countertops beginner real estate investor how to invest in real estate

Chasing #Foreclosures! The LakeHouse! #foreclosure

It’s Foreclosure Saturday! We have a standing 4pm appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think […]

Full Bathroom Addition Complete! beginner real estate investor how to invest in real estate handsonrealestateinvesting

Increase Monthly #Rental #Income by Adding Full #Bathroom! #propertybrothers

We recently purchased a 4 bedroom 2.5 bath townhouse foreclosure. We plan to rent it out, but first, we want to increase the market value and monthly rental income by adding a full bath! The 4th bedroom is on the lower level. We just added a walk-in closet to the 4th bedroom. To learn more […]

Walk-In Closet how to invest in real estate beginner real estate investor

Increase #Rental #Income! Add Walk-In #Closet to #Bedroom! #propertybrothers

We are embarking on our first renovation project! We just purchased a 4 bedroom townhouse, and the 4th bedroom is on the lower level. It has space for a walk-in closet, and we are hiring a contractor to hang drywall, paint, add carpeting, light fixtures, shelves, etc. We are very excited about our project because […]