A number of experienced and novice real estate investors have approached me in the past six months to say they are waiting for interest rates to fall before they buy their next investment property. In the past year, mortgage interest rates have almost doubled....
In 2022, there have been heightened fears of a recession. A recession is defined as a period of temporary economic decline in which trade and industrial activity are reduced, typically identified by at least two consecutive quarters of negative Gross Domestic Product (GDP). ...
Mae owns a house, and she has fallen behind on her mortgage payments. Her lender states that she owes $165,000, and the amount she could pay to make the loan current is $15,000. The monthly mortgage payment is $1,000. The house needs about $10,000 of...
I remember hearing Robert Kiyosaki state that an entrepreneur needs skills in sales, accounting, leadership, and investing. If an entrepreneur lacks skill in one or more of those areas, then that deficiency will harm the business over time. You do not need to...
It takes skill to find and negotiate a deal. It takes another type of skill to come up with the money to buy that deal. Here is a list of the types of financing available to real estate investors. Traditional purchase money mortgage loan....
Investing in real estate does not have to be high-risk. One way to mitigate your risk is to calculate the After Repair Value prior to making an offer. How do you figure out the ARV when you're sifting through numerous properties online? First, let's...
Many investors believe that they need to buy a foreclosure to get a deal. Many of these investors also believe that properties listed by a Realtor are not deals. That is simplistic thinking. Sure, many foreclosures are offered at a discount to fair market value. However,...
The residential real estate market, and some aspects of the commercial market, have seen incredible price appreciation in the past couple of years. The S&P Core Logic Case-Shiller U.S. National published on October 26, 2021 shows a year over year residential price increase of...
The best CEOs don't ask themselves, "How can I do this?" The best CEOs ask, "Who can do this?" What is your time worth? Do you believe your time is worth $15 per hour? $25 per hour? $75 per hour?...
I bought my first property, a 5-unit apartment building, in 2004 in an inner-city section of Philadelphia. I joined a local landlord association to learn from others. Several people there told me that they only did month-to-month leases with their rentals. I...
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