We have a 3 bedroom 2 bath townhouse available for rent. A 30-year old woman with 2 children applied to rent the townhouse on a Sunday evening. She has a $90,000 annual salary, a FICO score of 640, and a very good landlord reference from her previous landlord. We called her current supervisor and character […]
Posts with the real estate investing tag
Hot #RealEstate Markets in #WashingtonDC, #Maryland & #NorthernVA!
The real estate markets in the Washington Metropolitan area include Washington DC, and it’s surrounding suburbs in Maryland, and Northern Virginia. These markets have always been supported by good, middle to upper middle class jobs provided by the Federal Government. For details on what’s hot in Washington DC, Suburban Maryland and Northern Virginia, click: What’s […]
#TenantScreening — Bait & Switch! #tenant #tenants
For the first time in our real estate investing career, we encountered a bait & switch ruse. Here is what happened … We began advertising a 3 bedroom townhouse for rent. Our first phone call was from an elderly woman in her late 60s. Her initials were AP. AP said her retirement income was $6500 […]
#RealEstate #RetirementPlan in Action! #retirementincome
We have written several articles on how to create your own retirement plan by investing in real estate. Our articles include: Create Your Own Pension Plan Secure Your Retirement with Rental Income 4 Reasons to Add Real Estate to Your Retirement Plan It is gratifying to see an article about a young couple who purchased […]
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When #Tenant Offers All Cash & Quick Move-In … #tenantscreening
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 […]
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. […]