Owning your own home is the key to building wealth in the U.S.A. Why? 2 reasons: Appreciation — Over time, real estate increases in value Tax Benefits — Federal and State Tax deductions of mortgage interest and property taxes If you would like to purchase your 1st home, and you are starting from ground zero, […]
Posts with the beginner real estate investor tag
Chasing #Foreclosures! The Fully Upgraded House! #foreclosure
It’s Foreclosure Saturday! We have a standing 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 of […]
How We Got Started #Investing in #RealEstate! #invest #realestateinvestor
First Investment Property We bought our first investment property in the late 1980s. We had been married for 5 years. We both worked full-time. We paid our bills on time, so we had good credit. We didn’t need tens of thousands of dollars for down payment because we could assume the existing loan on the […]
When Searching for #RentalProperty Inspect #HVAC! #propertybrothers
We meet with our Real Estate Broker on a regular basis to look for good real estate investment properties. As soon as we enter the property, we look for the HVAC system … Why? The heating ventilation and air conditioning (HVAC) system is one of the most expensive items in a home. If the HVAC […]
Chasing #Foreclosures! The Leaky 1 Bedroom Condo! #foreclosure
It’s Foreclosure Saturday! We have a standing 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 of […]
#CurbAppeal Increases #RealEstate Market Value! #realestatetips
We have a standing appointment every Saturday with our Real Estate Broker. We are always looking for below-market real estate properties, preferably foreclosures. When we drive into a neighborhood, we look for “curb appeal.” How do we identify “curb appeal?” Is the neighborhood clean? (e.g., no trash on the ground) Is the street well-maintained (e.g., […]
Tour #Luxury Condominium in #WashingtonDC! #luxuryrealestate
The Washington DC real estate market is HOT, particularly the high-end! A new administration full of Wall Street executives and billionaires is flooding the buyers’ market! Secretary of State Rex Tillerson just purchased a $5.6 million dollar home in the Kalorama neighborhood in the upper northwest area. If you don’t have millions, you may have a […]
Chasing Squirrels in the Attic! #propertymanagement
We have a 4 bedroom 3.5 bath townhome that is currently rented by a family. We received a note from them regarding “scratching” noises in the attic at night. This sounds familiar to a call we received a few years ago from a different tenant. Wierd sounds in the attic or ceiling usually mean squirrels […]
Ground Floor Condo Plumbing Backup & Leak! #waterdamage #propertybrothers
The disadvantage of owning a ground floor condominium is that “everything flows downhill …” Whenever there is a backup or stoppage, it occurs at the ground level due to gravity. We have owned this particular condo for 27 years, and have never had any major problems with it. Our tenant is perfect because she pays […]
High Tech Growth Fuels Housing Boom in 5 American Cities! #housing2017 #realestate
According to Moody’s Analytics, robust growth in American high technology companies is fueling a housing boom in the following American cities: Nashville, Tennesee Raleigh, North Carolina Austin, Texas Charlotte, North Carolina Cambridge, Massachusetts Nashville According to the Greater Nashville Association of Realtors, real estate prices have increased 49% over the past 4 years! Moody’s Analytics […]