Wednesday, May 30, 2018

Attention: Key Changes Are Coming for Single Family Buy-And-Hold Investors

As of last year, Freddie Mac decided to jump into the single-family rental (SFR) space and begin funding larger-scale rental portfolios. This is exceptionally exciting, especially considering the additional tools for a space that has been pretty void of institutional funding on the larger scale.

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5 Ways My Life Changed in a Year Without Drinking

The purpose of this article isn't to get you to stop drinking. However, I hope this does shed light on what could happen if you do remove alcohol.

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Tuesday, May 29, 2018

Does the BRRRR Strategy Work? (And Introducing the BRRSR & BRRHR Methods)

The BRRRR method is great and can work in your favor—just make sure you crunch the numbers. And don’t forget the BRRSR method! You heard it here first.

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Cash Flow vs. Equity: Which Pays Off for Investors in the Long Run?

How do the numbers differ if an investor focuses on cash flow v. on building equity? Take a look at the results over 7 years in this interesting case study!

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Fixed Versus Variable Interest Rates

The post Fixed Versus Variable Interest Rates appeared first on Team RRP.

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Monday, May 28, 2018

Why I’ll Never Fix and Flip Houses Again

Fixing and flipping houses looks cool on "reality" TV, but in actuality, many are finding that it isn’t nearly as profitable as what it is perceived to be.

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BiggerPockets Money Podcast 22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby

Student loan debt is a HUGE problem facing millions of people – and it continues to grow every year. Today we are joined by Travis Hornsby from Student Loan Planner who shares several options for paying back your student loans, including loan forgiveness. Travis shares his rule of thumb for deciding whether to pay off [...]

View the full article: BiggerPockets Money Podcast 22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Sunday, May 27, 2018

How to Use Skip Tracing to Unearth Awesome Real Estate Deals

As a real estate investor, you know too well that some of the best deals can be unearthed from vacant or distressed properties. Problem is, sometimes finding the owners of these properties can be like digging up buried treasure without a map—and this is where skip tracing comes in.

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4 Reasons Your Home Would Probably Not Make a Good Rental

So you want to rent out your house to make money? Before you put a "for rent" sign in the yard, make sure it will actually be a profitable decision.

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Multifamily Real Estate: How Raise Funds for Your Deals

There are many advantages of investing in multifamily real estate—even over and above single family home rentals. Still, with bigger and more expensive properties (and returns) come bigger price tags and financing needs.

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10 Impactful Quotes That Could Change the Way You See Investing

Investing doesn't have to be that complicated. Most of what has been said about investing can be boiled down to concise and impactful quotes.

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Saturday, May 26, 2018

4 Tips to Set a Profitable Yet Competitive Home Asking Price

The asking price will often help form potential buyers’ first impressions, filtering out buyers from different budget ranges, and possibly affecting how they see the home. From there, it will serve as the basis for price negotiations, and ultimately influence the final sale price of your home.

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How My Investor Friend Grew a Student Housing Empire Using Private Money

https://ift.tt/2i8GP9w

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Friday, May 25, 2018

The 8 Most Common Lies Newbies Believe About Wholesaling

Lately, I've been doing 30-minute strategy sessions with aspiring wholesalers. I've found many misconceptions out there, and I want present the truth.

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Thursday, May 24, 2018

How I Went From 6 to 37 Units With One Acquisition Using Hard Money Financing

Putting a commercial deal together with hard-money financing can be tricky. Read what I learned and what I'd do differently the second time around.

View the full article: How I Went From 6 to 37 Units With One Acquisition Using Hard Money Financing on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Wednesday, May 23, 2018

Getting Funding: The Hardest Part of the Investing Rollercoaster

Getting funding for real estate investment deals can really be the hardest part. Here are some different options to navigate this potential minefield.

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3 Steps to Escape Middle-Class Financial Mediocrity

Do you make "pretty good" money but still actively worry about your finances? Do you wonder where your paycheck goes every month? This article is for you!

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Tuesday, May 22, 2018

3 Ways To Invest In Real Estate—Even With Limited Funds [Video!]

There are lots of myths surrounding real estate investment and how you can get started. While there are many, here are three ways you can get started—even while trying to build bigger pockets. In this video, I break down three common ways to get started. (And no, none of them include HGTV-style flipping…) 1. Be [...]

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8 Problems I Look for When Shopping for Rental Properties

Yes, you read that correctly. When looking for a rental property, I want to find problems that I can fix that will help me get a better deal.

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Monday, May 21, 2018

7 Tips for Dealing With Local Mobile Home Park Mangers as an Investor

While this article will not discuss a script or technique to introduce yourself, I'll be aiming to provide an understanding of what to accomplish before, during, and after dealing with mobile home park managers.

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BiggerPockets Money Podcast 21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Garden

In this episode, Tony shares his weight-loss journey and how he parlayed the lessons and discipline he learned into successful debt reduction and finally starting to invest.

View the full article: BiggerPockets Money Podcast 21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Garden on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Sunday, May 20, 2018

4 Buying Criteria for Rental Property (& How I Determine a Good Deal)

What should you look for in a rental property? Are there guidelines? What factors should you consider? What about those pesky “rules of thumb” so many people preach about? Get answers here.

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Why “Trading Up” Your House May Be Killing Your Financial Future

Sometimes living in that 2-bedroom condo will give you an opportunity to save a lot of your wealth for other investments.

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Should You Buy Properties With Back Taxes or Liens?

Yes, you should buy properties that have back taxes and you should buy properties that have liens—as long as the numbers make sense and you’re going to make money.

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Saturday, May 19, 2018

The Secret to Scaling a Large Property Management Company (or Any Business!)

A few weeks ago, I was at a conference with fellow BiggerPockets blogger Chad Gallagher. He is owner and founder of a property management company. I wanted to understand how they grew so fast, so I decided to turn the camera on and have a talk with Chad.

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Best Places to Invest in Real Estate: An Analysis of 6 Cities

This chart reviews six U.S. cities for investor desirability: Atlanta, Cleveland, Memphis, Kansas City, Indianapolis, and Minneapolis.

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Creative Financing: 5 Outside-the-Box Tools Savvy Investors Use to Build Wealth

Wealth builders realize traditional financing can only get you so far. Learn about creative financing in this MASSIVE guide, with diagrams, examples & more!

View the full article: Creative Financing: 5 Outside-the-Box Tools Savvy Investors Use to Build Wealth on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Friday, May 18, 2018

The #1 Key to Success According to a Self-Made Real Estate Billionaire

My first interaction with Larry Silverstein was on September 11, 2015. The name may not buzz high on the Q rating, but the Bed-Stuy, Brooklyn native is one of the most important American entrepreneurs alive. In case you’re not familiar with Silverstein, Larry is a self-made billionaire and the owner of the World Trade Center, [...]

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Finding the Money: How to Finance Your First Investment Property

Investment properties can serve as the foundation for future financial stability, but there’s a widespread perspective that you need to be fairly wealthy to start investing in the first place. But how much money do you really need to take the first step?

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Thursday, May 17, 2018

Why You Really Don’t Need Expensive Material Goods

The investment mindset starts with learning to defer gratification. And there's no better way to learn to defer gratification than to realize that you don't need the best, most expensive stuff.

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6 Advantages to Hiring a Property Manager (& Why I Wish I Did Sooner)

My biggest reasons for outsourcing property management are that it allows focus on what I do best and that it gives me peace of mind.

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What’s Making Our Gas Prices So High?

The post What’s Making Our Gas Prices So High? appeared first on Team RRP.

from Team RRP https://ift.tt/2wTB9YC

Wednesday, May 16, 2018

Communicating with Contractors: How to Express Expectations & Move Jobs Forward

In Part I, we talked about what it takes to sell yourself to a local contractor (in a way that will inspire them to actually get back in touch with you in a reasonable time frame). Of course, just getting a call back is hardly the end of the process. In fact, it’s literally just [...]

View the full article: Communicating with Contractors: How to Express Expectations & Move Jobs Forward on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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4 Ways Technology is Shaking Up Commercial Real Estate (& Why Multifamily Will Pull Ahead)

There are a several reasons I don’t invest in niches of commercial real estate besides multifamily. Let's talk about the most important reason: technology.

View the full article: 4 Ways Technology is Shaking Up Commercial Real Estate (& Why Multifamily Will Pull Ahead) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Tuesday, May 15, 2018

The Pros and Cons of Wholesaling With a Real Estate License

Should you get your real estate license if you want to wholesale real estate? It's an ongoing debate and there are positives and negatives on each side. We look at some of them here.

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Swap ‘Til You Drop: Multifamily Tax Avoidance Tips from Closing Table to Inheritance

Though the first strategy I discuss here is familiar to most of us, the second may surprise you as much as it did me and many I’ve discussed this with.

View the full article: Swap ‘Til You Drop: Multifamily Tax Avoidance Tips from Closing Table to Inheritance on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Monday, May 14, 2018

4 Tips to Save Money on Maintenance and Repairs Between Renters

One of the biggest downsides of high rental property turnover is that it costs money to clean, repair, and touch-up the property in between tenants. Knowing how to save money on these processes can be a lifesaver.

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BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins

Jim Collins has literally done it all. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. He is a prolific world traveler, having visited more than 30 countries on five continents via motorcycle, car, train, plane, boat—and even elephant. Jim has lived a very good life. [...]

View the full article: BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Sunday, May 13, 2018

Communicating with Contractors: How to Start the Relationship Off Right

If you want to present yourself as trustworthy to a contractor you don't have a standing relationship with, the best way to do that is to present yourself as a long-standing professional.

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6 Tips for Raising the Rent Painlessly (Without Losing a Single Tenant!)

Too many landlords are afraid to raise their rents. Here's a simple formula landlords can follow, to maintain market rents without losing a single tenant.

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Which Real Estate Investments Provide True Passive Income & Financial Freedom?

In my opinion, true financial freedom and true passive income are when you never get that call from the tenant. So, how can you go about accomplishing something like that?

View the full article: Which Real Estate Investments Provide True Passive Income & Financial Freedom? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Saturday, May 12, 2018

The Epiphany That Netted Our Property Management Company 4,000+ Doors

This lightbulb moment led to us adding more than 4,000 new construction doors to our property management company in one market over the next eight years.

from The BiggerPockets Blog https://ift.tt/2jVQ4rz

A Former Fortune Editor’s Advice on Making Seven Figures From Home

This Super Mom entrepreneur wrote a Tim Ferriss-endorsed book on making seven figures From Home. We chatted with her about applying these lessons to your own business.

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4 Must-Knows Before Taking on a Distressed Property

With so many areas undergoing revitalization, the idea of renovating a distressed property in an up-and-coming market seems attractive. But is it worth it?

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Friday, May 11, 2018

5 Strategic Advantages of a Luxury House Hack

Today I'll identify some of the key pros and cons, in hopes of helping you make the most intelligent decision between an investment property and a house hack.

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5 Affordable Ways to Add Value to Your Rental Property

These five ideas will marry your allegiance to smart spending with the need to attract renters. In other words, these are projects that will boost the value of your property without breaking the bank.

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Why You Should Stop Looking for an “Investor-Friendly” Real Estate Agent

Are investor-friendly agents the "unicorns" of the real estate world—or are investors just not seeking them the correct way? Get valuable insight here!

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Thursday, May 10, 2018

Investors: It’s Time to Fight Our Bad Rap. Here’s How I’m Doing My Small Part.

Real estate investors often get a bad rap. They’re seen as greedy or selfish, and although I can understand why that is, I’ve found with all of my networking over the years that that’s just not true.

View the full article: Investors: It’s Time to Fight Our Bad Rap. Here’s How I’m Doing My Small Part. on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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How I Landed a Solid 4-Plex in Denver, One of the Hottest Markets in the Country

Let's walk through my most recent purchase. I’ll show how it fits with my plan, how I found this (off-market) deal, how I analyzed it & how I financed it.

View the full article: How I Landed a Solid 4-Plex in Denver, One of the Hottest Markets in the Country on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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How to Qualify for an Insured Mortgage in Vancouver

The post How to Qualify for an Insured Mortgage in Vancouver appeared first on Team RRP.

from Team RRP https://ift.tt/2KONu2Z

Wednesday, May 9, 2018

8 Digital Advertising Tips And Tools for Real Estate Investors

If you are looking to scale your investing, I highly suggest improving your understanding and execution of digital advertising. This article will give you some high-level basics to get you moving forward.

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4 Rules of 1031 Exchanges Every Investor Should Know

A 1031 is a vehicle through which you can sell rental real estate and roll all the gains into a new purchase. Sound good? Let's go into detail.

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Tuesday, May 8, 2018

5 Reasons You Don’t Want to Be a Landlord of Multiple Properties

Being a self-managing landlord can be more of a nightmare than a dream come true when multiple properties are involved. Here's why.

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No, You Are NOT Going Too Far in Pursuit of Financial Independence

Choose the healthy, wealthy, happy path that will leave you better off. And once you go for it, optimize for happiness, health, and wealth without apology.

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