Every investor needs to be able to determine the ARV as close as possible, prior to ordering an appraisal. In order for a property to be considered comparable to the subject property, it needs to meet certain criteria. I have put together a list of … Read More »
Twelve Steps to Determining the ARV
The Real Value of an Appraisal
Appraisals eliminate the guesswork in determining the market value and actually lower your risk before you purchase. In addition to providing you with the after repair value of your property, an appraisal will show you photos of the comps, location … Read More »
Set An Offer Goal Every Month
There is an old saying in real estate investing circles, "If you’re not making offers, you are not going to get deals." It sounds so simple, but you would be surprised how many investors I speak with on a regular basis who say they cannot find … Read More »
Criteria For Being a “Good” Real Estate Agent
Many years ago, I heard a broker with 40 years of experience say, “Of all the licensed real estate agents in the market, only 1% of them are actually any good.” Whether that's an accurate percentage or not, finding one that can work successfully with … Read More »
Three Reasons FSBO Is A Mistake
The more time you spend in real estate, the more you will see things and wonder if they make sense or not. One of those is certainly the decision to list your property on the MLS with a broker or go the other route: For Sale by Owner (FSBO). When I … Read More »
Setting Expectations on 2-4 Family Deals
Since I’ve been in real estate, I’ve seen investors infatuated over 2-4 family dwellings (i.e., duplexes, triplexes and fourplexes). The reason: these properties have the ability to produce high cash flow, and conforming loans are available (30-year, … Read More »
Make Goal Setting Easier On Yourself
Many of you may know that there have been studies that show that those who write down their goals accomplish significantly more than those who don't. I know I’m preaching to the choir with some of you here. While others might be thinking this is so … Read More »
The Power of a Mastermind Group
Most of you have probably heard the saying, “No man is an island” by John Donne, a 17th Century English author. I heard someone say this at the first mastermind meeting I attended as the reason they wanted to be part of it. It has resonated with me … Read More »
Real Estate Investors: Greedy Profiteers or Good Samaritans?
I am proud to be a real estate investor but in the many years I have been in this business, I have heard the most inaccurate, absurd, as well as offensive things about real estate investors. Things like: we are greedy profiteers, we are slumlords, … Read More »
How To Get Stuck In Hard Money with 4 Rentals
Creating cash flow is one of the many benefits of building a rental portfolio. Just like starting any new business, taking it one step at a time in the beginning is important as you will make some mistakes and learn as you progress. Rental properties … Read More »