No. Well, maybe. Yes, if done a certain way. A loan insured by the Federal Housing Administration (FHA) is buyer-friendly, and it could be the ideal way for a relatively new investor to start their long-term path to wealth. First I’ll explain some of the...
The mistakes that experienced investors make can be different that the mistakes that novices make. Below are 12 common mistakes I see from those who own multiple units. 1. Not raising rents. I was shocked when a landlord told me that his tenant in a particular house...
These are all mistakes that I have made, so I’m not pointing fingers. I urge you to learn from my mistakes. 1. Rushing to buy. In 2004, I called myself a full-time real estate investor yet I had never owned any real estate. With my hard-earned money burning...
I hear a number of people, from investors to agents to sellers, mix up these terms and situations. I will clarify the meanings while providing some insights on how to buy each. Definitions Short Sale (per REALTOR® Magazine): A short sale occurs when the net proceeds from the...
So many people ponder whether they should flip houses, or buy and rent out houses. We will examine the pros and cons of each strategy later in this article. Before deciding between those two distinct strategies, there are three questions to consider first: Why do I...
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