The first step towards financial freedom is frugality. Frugality might seem like a bad word to some. But this is largely due to 5 myths.
View the full article: 5 Frugality Myths Americans Believe That Would Make Ben Franklin Cry on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
RentCafe just released its monthly rent report with data from rents charged last month in the 250 largest U.S. cities. These are the winners and losers.
View the full article: February Rents Increased the Most in America’s Small Markets on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Want to land more deals? The key is to make more offers—and a GREAT way to do that is to become comfortable making offers sight unseen. Here's how.
View the full article: How (and Why) I Offer on Properties BEFORE I Ever Step Foot in the House on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
If you are brave enough to read a real story about how a real estate investor could lose a ton of money because of a small mistake, keep reading.
View the full article: Story From a CPA: The Time an Investor Paid a $96k Tax Bill He Shouldn’t Have on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Whether it’s from a flash flood or a broken pipe, water damage can be one of the most devastating home disasters a homeowner will face. Water-damaged possessions are often unsalvageable, cleaning up the mess can be back-breaking, and the threat of mold development can linger for weeks. But with quick action and a smart plan, you can make your water damage recovery as painless as possible by getting off on the right foot.
Put Electrical Safety First
Whenever you’re dealing with water damage near outlets or wiring, your first concern should be electrical safety. The precautions you take should be proportionate to the extent of the damage. If you have a minor leak affecting a small area, you should shut off the circuit breakers that power all wiring and outlets near the leak. Multi-room damage from a major pipe break will necessitate shutting down the entire circuit panel. If you’re recovering from a widespread flooding event and have standing water in your home, you’ll want to have your utility company completely remove the electrical meter before wading into flooded areas.
If you can’t safely access your electrical panel or have any doubt about the electrical safety of water damaged areas of your home, contact your electrical utility or a licensed electrician before proceeding.
Stop the Flow
If the water is coming from your household plumbing, the damage could be getting worse by the second. That’s why it’s important to know exactly where your home’s main water shut-off valve is, and to make sure you’re able to turn it.
In many homes, the valve is in the basement, close to where the main water supply enters the home. If you’re not sure where this is, check outside your home for the location of the water meter, as the main water supply leads inside from there. In other homes, the shut-off valve may be outside the home, beneath a water meter grate. These valves will often need to be turned with a special long-handled tool called a water key. If you don’t have one, pick one up at your local hardware store.
The shut-off valve can also be sticky if it hasn’t been turned in several years. If this is the case with yours, now is a good time to give it a try and grease the threads with lubricant if necessary. When you need to turn this valve in a hurry, you won’t want to be fighting with it.
Cover Your Assets
Once you’ve eliminated the risk of electrical shock and the flow of water, your next move should be to call your homeowners insurance company to report the damage. In many cases, homeowners insurance will cover damage from a burst pipe but not from a natural flood. Flood insurance is typically sold separately, often from different carriers. If you’re not sure what your insurance covers, look into it now before you have a water damage incident.
You should also plan to take photos of all the water damage in your home before beginning cleanup. Failure to do so could result in contested claims that may cost you hundreds or thousands of dollars.
Call for Help
If you’re willing to put in lots of hard work and do a thorough job, you can perform most of your water damage recovery tasks by yourself. But because of the nature of this work and the mold risk associated with missteps, many homeowners will hire a water damage remediation company to assist.
You might be able to get a team in your home on the same day as the incident if you have a plumbing leak. But when you’re recovering from a widespread flood, water remediation services book up quickly. Call as early as you can to get on the books.
Dry Out
That’s a lot of work to do before you even start dealing with the water, but it’s finally time to start drying out.
Remove any standing water with an electric pump and/or a wet/dry shop vac. Take all water damaged items out of the home and sort them into salvageable and unsalvageable piles. Carpeting, carpet padding, paper products, food products and many electronics will be a total loss. Valuable upholstered furniture and rugs may possibly be saved, but will require prompt attention from remediation experts.
Open all windows in damaged areas and use fans to blow damp air outside. If you have water trapped in the gaps inside your wall, punch holes in the drywall to allow it to escape. All water-damaged drywall will need to be replaced anyway.
Water damage recovery is a long haul, and these are just the steps you should take within the first 24 hours. If you ever need professional help recovering from a plumbing breach -- or if you need help preventing one -- contact your [Link To Franchise] without delay.
Real estate is one of the last industries to adopt technology, and investors can use that to their advantage to literally make millions today. Real estate continues to lag other sectors in terms of technology disruption. But for tech savvy investors, technology is creating scalable opportunities like never before. This is the second of a series [...]
View the full article: 9 Tech Tools Transforming the Way Real Estate Investors Scale Their Portfolios on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Is it a better strategy to include utilities with rent or have your tenants set them up themselves? Take a look at some of the positives and negatives here.
View the full article: 8 Pros & Cons of Including Utilities With Rent for Your Investment Properties on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I love real estate, but there are quite a few advantages to notes that make them one of my all-time favorite investments. Here's why.
View the full article: 6 Advantages Note Investing Has Over Hard Real Estate on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Even with the best of intentions, it takes more than knowledge to successfully budget and build wealth. Sometimes, we need to actually fool ourselves.
View the full article: 8 Ways to Trick Yourself Into Becoming Wealthy on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The post Inflation: How does it affect the overnight rate this month? appeared first on Team RRP.
I often see people who get "analysis paralysis" and can't take the first step. There's no magic pill for this, but I would make a couple recommendations.
View the full article: How to Steadily Learn Real Estate Investing (Without Lulling Yourself Into Inaction) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Many Millennials are putting off home purchases and instead pouring their funds into rent—at a rate higher than you might expect.
View the full article: Study: Millennials Pay a Total of $93k (or 45% of Income) in Rent by Age 30 on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Why is money a taboo subject in our society? If we want to build a better world, we need to face the facts—good money management is vital to living well.
View the full article: Yes, Money & Wealth DO Matter—And Pretending Otherwise Hurts Everyone on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Why is money a taboo subject in our society? If we want to build a better world, we need to face the facts—good money management is vital to living well.
View the full article: Yes, Money & Wealth DO Matter—And Pretending Otherwise Hurts Everyone on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Craigslist is an online classified section where it is free to post and free to browse, so it makes a great resource for finding real estate deals.
View the full article: 3 Ways to Find Amazing Real Estate Deals on Craigslist on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Antonia DePace, of Philadelphia Style, interviewed 5 influencers of beauty. One of them being our own, Edmondo Blando! Click the link to learn about the Beauty Secrets for Spring. You’re not going to want to miss this!
In a recent interview with, Gina Tomaine of Philadelphia Magazine, Edmondo discussed more than a few of his favorite things. Click the link to learn more about our Rittenhouse Salon Owner!
Appraisal gap coverage strengthens offers in any market. Still, they're most often used in a seller's market to incentivize the seller.
View the full article: What Appraisal Gap Coverage is (& How It Can Help You Win in a Hot Market) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Some neighborhoods are simply bad investments—but too many investors and advisors equate "low income" neighborhoods with "bad" ones, and that's wrong.
View the full article: “Low Income” vs. “Bad” Neighborhoods: Yes, There IS a Difference. Here’s What Separates Them. on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The post What is a Monoline Lender? appeared first on Team RRP.
Content originally published and Shared from http://perfectbath.com
Your bathroom is a workhorse in the house and it’s also a space where we can retreat for a relaxing spa-like session in the evening. It can be one of the only quiet spaces in a household with few people! It’s also a place where, for a variety of reasons, safety might be an issue. It pays to be aware of hazards in your bathroom and how to prevent injuries.
The inevitable, of course, happens no matter how safety conscious we are. However, with a little foresight and a keen eye for potential hazards, your bathroom can be made a lot safer.
This article was written by Katie from Steam Shower Store. Katie has been writing articles for over 10 years and is a commanding voice in the health and fitness community with her articles high in demand.
The post Bathroom Safety Tips to Keep in Mind appeared first on Perfect Bath Canada.
There seems to be this pressure around finding a mentor that is more hindrance than help. I'd argue it's actually easier than ever to find one. Here's how.
View the full article: 4 Things No One Tells You About Finding a Mentor (Hint: It’s Easier Than You Think!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
By using a standard spreadsheet combined with some advanced tricks, you can create a budget to rival any specialized program.
View the full article: 5 Advanced Excel Tips for a Better Home Budget on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Tanja reached financial independence (FI) and retired from her full-time, high-stress job at age 38—despite not being a natural saver, having purchased two brand-new cars in the past, and not maxing out her 401(k) in the beginning—pretty much breaking every FI “rule” out there. Tanja was not focused on early retirement or financial independence when [...]
View the full article: BiggerPockets Money Podcast 13: Achieving FI Before 40 Despite Breaking Every Financial “Rule” with Tanja from Our Next Life on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Here's the one word you need to get really good at asserting in order to stay on track, stay true to yourself, and find success.
View the full article: If You Haven’t Mastered This Word, You Might Be Failing at Your Business on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
There is no doubt that even the professional long-term real estate investors are prone to the occasional slip up, so don’t feel down if you make some mistakes. After all, it is all a part of the learning process. However, do keep in mind that it is definitely an error if you consistently repeat these [...]
View the full article: The 3 Dumbest Mistakes Buy & Hold Real Estate Investors Make on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The popular belief is that you can't profit on $30k properties, but I need you to completely throw that perception out and listen to me carefully.
View the full article: Investors, It’s Time to Take Another Look at $30,000 Properties on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
It's not as easy to find deals today as it was just five years ago, but it's still possible. You just have to know where to look and who to contact.
View the full article: How to Find Multifamily Deals in a Tight Market on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Making connections and getting the word out about your business are imperative to real estate success. Here's how you can keep up your reputation.
View the full article: 5 Ways To Keep Building Your Local Real Estate Investing Reputation on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I wanted to buy cheap property once. It’s very tempting. So is it actually a good idea? Let’s run some numbers and find out.
View the full article: Should I Buy Several Cheap or a Few Pricier Houses? An Investor’s Analysis on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I don’t see a sweeping downside in this legislation, but it may have a side effect that will create new challenges for multifamily syndicators.
View the full article: The Dark Side of the New Tax Reform Act for Multifamily Investors on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
As a note buyer you'll be ahead of everyone, including sheriff sales and the "we buy houses" folks. In other words, as a note owner, you’re first in line.
View the full article: How to Use Notes to Get Better Real Estate Deals on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
When you're starting out in real estate investing, all of the information and options can seem overwhelming. If you want a roadmap for success, here it is!
View the full article: 5 Highly Actionable Steps to Make REAL Progress Towards Your Investing Goals on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Times have been tough for retail landlords in recent years, as retailers are filing bankruptcies at a blistering pace. And it’s not just mom-and-pop stores that are folding — this trend is led by iconic brands like Toys “R” Us. On the property-owner side, real estate moguls and market experts have declared retail all but dead, though [...]
View the full article: eCommerce Is Killing Retail, But Where Does That Leave Landlords? We Asked a Shopping App CEO on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Section 8 housing has a nasty reputation as a trap for the unwary—but it also has a deserved reputation as a great way to collect easy rent. Which is it?
View the full article: Should I Accept Section 8 Tenants—Or Run the Other Way? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The post Is Canada at an Elevated Risk of a Banking Crisis? appeared first on Team RRP.
Real estate investors love to talk about their successes, but most refuse to talk about their failed deals. On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the [...]
View the full article: BiggerPockets Podcast 271: Buying 12+ Real Estate Deals Every Month (And How to Lose $750,000) with Sam Craven on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Building 2 has the perfect mix of condo residences to suit any homeowner. From efficient 536 sq.ft. studio suites to spacious 1245 sq.ft. corner units, Building 2’s condos have been meticulously designed to meet the needs and requirements of our buyers.
The post Essence at Windermere South appeared first on Vancouver New Condos.
The Orchard is another exciting addition to the portfolio of towers launched nationally by Lamb Development Corporation (LDC) and Fortress Real Developments (FRDI). The project is planned to include two soaring 31-storey towers with a total of just under 500 units. Units range from about 500 sf to 2,000 sf and are priced from $250,000. Both phases include a ground floor retail component.
The project sits across from the Calgary Stampede grounds and will feature an apple orchard on the street level as a public space between two sleek towers. This is the 2nd collaboration in Calgary between LDC and FRDI; 6th and Tenth is now complete and occupied.
The post The Orchard appeared first on Vancouver New Condos.
The post Lyra Residences appeared first on Vancouver New Condos.
Looking for ways to boost values or asking rents? Here are 7 renovation ideas, beyond the obvious discussions of updating kitchens and bathrooms.
View the full article: Beyond Bathrooms & Kitchens: 7 Upgrades to Boost Property Values & Rents on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
For me, deep work is not only helpful, it’s vital. I don’t want to work 50 hours per week. I want freedom. And something tells me you want the same.
View the full article: 3 Simple Steps to Work Less While Getting More Accomplished on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Have you ever noticed how weekend mornings aren’t nearly as bad? Thus, it’s not the morning that you hate; it’s what you do in the morning that you hate.
View the full article: The 7-Step Morning Routine That Transforms My Entire Day on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
New research from RentCafe looked at 11,000 US zip codes over the past 15 years — to come up with a list of the 20 most gentrified zip codes in America.
View the full article: The 20 U.S. Zip Codes Most Affected By Gentrification Since 2000 on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
In this video with Tim Ferriss, we explore the idea that failure isn't always bad—and that embracing it can help you reach success more quickly & easily.
View the full article: 3 Ways to Succeed Despite Failure (Video With Tim Ferriss!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
When I first started out, property management sounded like a great decision. Here's what ended up changing my mind on the subject.
View the full article: Why I Fired Property Management—And Began to Manage My Own Investments on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The post Keeping Your Credit Score Healthy appeared first on Team RRP.
Red Maple Residences is coming to soon to Lower Lonsdale. This six-story concrete low-rise will feature fifty-seven, one, two and three bedroom condos and townhomes. Most homes feature large balconies, and the penthouses will have sky lounges.
Located on 3rd and St. Georges, Red Maple Residences is conveniently located in the heart of Lower Lonsdale, you are just blocks away with all that the neighbourhood offer
To be kept up to date with this development and many others like it, register with us today.
This is not an offering for sale. No such offering can be made without a disclosure statement. E.&O.E.
The post Red Maple Residences appeared first on Vancouver New Condos.
Spring Olive Developments is building Tatlow Homes, a small boutique building featuring 33 one, two and three bedroom homes. Each home will feature a spacious well laid out floor plans, expansive kitchens great for entertaining, open concept living and dining as well as large windows, and balconies maximize the light and views on all units.
Located along the Marine Drive Corridor in the heart of North Vancouver, you will enjoy the very best of what the North Shore has to offer. A short walk brings you to Park Royal with all its shop and services, Ambleside Beach, and the new up coming Lions Gate Village the hundreds of locations right at your doorstep. Tatlow is the perfect blend of North Shore living with the convenience of a modern city home.
For more information on Tatlow homes, register with us today.
The post Tatlow Homes appeared first on Vancouver New Condos.
Some of the best real estate lessons come from watching other people's wins & losses. Here are a few ups and downs from a recent 80-unit acquisition.
View the full article: 5 Lessons I Learned From a Recent 80-Unit Acquisition on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
When your tenant pays late, it is vital that you follow through with late fees. This bears repeating: It's vital that you follow through with late fees.
View the full article: Why Not Sticking to Your Late Fees is Hurting Your Landlording Business on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Today, we are going to talk about when to use debt versus equity when you're raising private money to fund your real estate deal.
View the full article: Should You Use Debt or Equity on a Private Money Deal? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Want to TRULY build wealth? For apartments, the options on ways to increase the value of the property are only limited by the owner's creativity.
View the full article: 12 Creative Ways to Add Major Value to Apartment Buildings on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
How do you know the good properties from the ones you should go running from? One seasoned real estate investor shares his best strategy.
View the full article: These Are the Real Estate Deals You Should Absolutely Avoid on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
As investors, we shouldn’t try to “beat” the bank. It's futile, and they’re not even the enemy. The real question is, how can we be more like the bank?
View the full article: Don’t Resent Big Bank Earnings. Instead, Learn to Profit Like Them. on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
There are some plusses and minuses to either choice, but overall, I believe single family homes are the better investment.
View the full article: 7 Reasons You Should Consider Investing in Single Family Homes on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Bad tenants are a fast track to bad returns and lost money. Use these advanced tenant screening techniques to separate the bad seeds from the good eggs.
View the full article: 7 Advanced Tenant Screening Tips (So You’re Not Fooled by Wolves in Sheep’s Clothing) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
House hacking is an amazing way to start building wealth, no question. But not everyone thinks they can do it. Have you considered these variations?
View the full article: 6 Different Ways to Hack Your Housing (Find One That Works for You!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
You can structure private lending deals many ways, so rather than explain each, I want to introduce you to some real-life investors who use private lending.
View the full article: How to Structure Your Private Loans: An Interview with 4 Real Estate Investors on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I may find myself tied to the digital stake & virtually burned. But here goes: It is NOT imperative that you quit your job to become financially successful.
View the full article: Opinion: Quitting Your Job & Living on Passive Income ISN’T Necessary for Financial Success on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The average American watches an incredible five hours of television a day! That means we spend 20.8 percent of our lives sitting in front of a screen.
View the full article: The Case for Not Owning a TV on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
