First things first, I did want to go to law school, but didn’t, so here’s my disclaimer: I am not a lawyer, which is why I recommend you get advice from an attorney if you have questions about incorporating. But what I can tell you is, when you incorporate, it is a very easy, simple process. […]
To Incorporate or Not to Incorporate? It’s a Wise Idea Read More »
Before going into debt to buy real estate as an asset, you need to get your finances in order. What that means is figuring out: Where can you get the money to pay for your real estate investment? There are lots of choices out there, actually. Most people think that if you want to invest
Where Do I Find the Money for My Real Estate Investment Property? Read More »
In my previous blog, I gave you some solid lessons for doing your homework before purchasing a property to see if that property will really create the cash flow that you are trying to achieve. Doing your homework can really show you if the monthly rent amount will cover PITI (Principal, Interest, Taxes, and Insurance),
Landlord Expenses – It’s Not All About Covering the Mortgage Read More »
Alright, I know no one likes to do homework but, just like your teachers told you in school, if you don’t do your homework, you will fail! The same is true in real estate. You have to do your homework to succeed. Time and time again, I’ve heard investors say that they just can’t rent
Ditch the Homework? Absolutely Not! Read More »
Everyone has a different method of deciding if a property makes money or not. Sounds crazy, but people have varying opinions about making money on their rental properties. Some think that if a property costs them money over a period of a few years, then they sell it and make $5,000, they’ve made money. But
When Purchasing a Rental Property, Throw the Formulas Out the Window! Read More »
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