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Many years ago, when we were beginner real estate investors, we advertised a 1 bedroom condo for rent in the local newspaper. A woman with the initials VW called to make an appointment to see the condo. When she arrived, she told me she was in a situation where she had to move right away […]
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When #Tenant Offers to Improve #RentalProperty … Beware! #tenantscreening
We recently received 30 day notice to vacate from one of our tenants, so we have been actively screening prospective tenants. We received a call from a middle-aged gentleman who said he had allergies, and offered to pay for converting our carpeted flooring to hardwood floors. He hadn’t even visited the property to take a […]
#RealEstate #Rents Skyrocketing! #invest #investing
If you are still undecided about investing in real estate, here is one more reason: Rents are skyrocketing! We recently received 30-day notice from one of our tenants. He is renting a one bedroom condo for $975 per month. When I googled rents for our area, I was shocked to see the lowest rent at […]
Chinese #RealEstate #Investment Exploding in U.S.! #invest
Money flowing in from China creates demand for real estate in the U.S.! Whenever other countries have evaluated our real estate potential, and have determined the U.S. is a good place to invest their money, it’s a positive development. It encourages other countries to take a look at U.S. real estate. The exciting details are […]
Make #Rent vs Buy Decision Easily!
If you are in the “pre-retirement” or “early retirement” phase of your life, chances are you are trying to make a decision about housing and where to live. Housing is usually the largest item in the budget, therefore the “housing” decision will impact how long your retirement nest egg lasts. With low interest rates, it […]
Can You Afford to Purchase #RentalProperty? #invest #investing
How do you know if you have enough money to invest in real estate? In our opinion, you must be able to answer YES to all of the following questions: If a tenant moves out unexpectedly, do you have enough money to pay the mortgage, property taxes, insurance each month for 3 – 4 months? […]
10 Areas Where #Flipping is Still a Good #RealEstate Move!
In the interests of full disclosure, we are not fans of flipping. We have never flipped a property. In our opinion, flipping real estate is one of the more risky ways to invest in real estate. We have a cousin who flips real estate, but we never quite know how well he is doing financially. […]
Create Your Own #Pension Plan! #retirementplan
There was a time when you could bank on your employer’s promise of a pension after you met the “years of service” requirement. Sadly, those days are long gone. According to a recent article, Congress passed legislation that lets “multi-employer” pension plans off the hook and allows pension administrators to slash pension benefits. Imagine you’re […]
How to Find a Really Good #RealEstateAgent!
A really good Real Estate Agent is crucial to your success as a beginner real estate investor. Why? You will spend lots of time with your Real Estate Agent looking at properties, negotiating offers, and completing settlements. In our opinion, you want some who is personable and has excellent interpersonal skills. In our opinion, you […]
Imagine Your Own #Vacation Home! #retireyourway
After such a long and challenging winter, our thoughts turn to sunny vacation days! Imagine a quaint vacation home near the beach … a warm breeze flowing through the windows … the smell of salt and sand in the air … Ahhh … Wouldn’t it be nice to have a vacation home waiting for you? […]