As a real estate investor, you need to build a lot of partnerships with local contractors. You need an electrical guy, an HVAC guy, a drywall guy, a painter, a handyman, maybe even a builder… the list goes on and on. Finding Great Contractors Talk to other investors or real estate agents. If you have a local mentor or a trusted...
Raising the rent: it’s something that tenants don’t appreciate, but you have to do it nonetheless. If you go about it the wrong way, you can erode your relationship with your tenants or even cause them to move out. But if you do it right, then everyone can go about their business. How do you convince your tenants that you’re...
While it’s possible to run your real estate investing business without having a solid partnership with a real estate agent, we really believe that every investor should get a good realtor on their team. First, we’ll explain why, then we’ll talk about what makes a great investor-realtor partnership. Why Investors Need Realtors As an investor, you have plenty of other aspects...
We always stress the importance of research, especially for beginner real estate investors. Here, we’ve made it easy for you by suggesting some of our favorite REI books in several different categories. We’ve even included the Amazon links to make it easy for you to purchase! Whether you’re looking into multifamily units, flips, house-hacking, or just REI in general, here are...
These days, buying a house with no money down isn’t a widespread practice. In fact, most people think you have to have at least 10 or 20% down in order to buy a house. We’re here to tell you that’s not the case. There are creative methods for purchasing a property that don’t require thousands of dollars in down payments. Keep...
Have you ever come across an opportunity that you think would be a great investment?  The location is in your target area, and the returns look good.  You’ve run the numbers, and this seems like it could be a homerun.  However, there’s one thing that’s stopping you from making an offer.  You don’t have enough cash to do the...
1. Lifelong Learning Some people have a hunger for further knowledge. They read books in their free time and they ask questions constantly. Does this describe you? If it doesn’t, you might want to make it a habit if you’re going to succeed in real estate investing. If you aren’t already devoting regular chunks of time to educating yourself about...
Do you have big dreams for your real estate business? Have you ever wondered if it’s possible for you to quit your day job years (or even decades) earlier than your peers and go into real estate full time? While we don’t have room to explain in detail how to get there, we can tell you that yes, it...
Real estate investors are always waiting for the next great deal to come along. Here are some tips for accelerating that process and finding your next investment property fast! 1. Work with more than one real estate agent Did you know that you can work with more than one agent? Many people don’t even consider it, but it’s a missed opportunity....
A little bit goes a long way Have you ever wondered if you could boost the profitability of your rental units? Try out these ideas and see if they’ll work for any of your properties. You might not be skyrocketing your income, but a few extra dollars each month can really add up over time, especially if you can implement...