Posts by this contributor:

    Top 20 Tidbits Of Real Estate Advice

    May 11th, 2015

    ID-100179236Sometimes a simple sentence is more helpful than an entire essay. This is especially true when it comes to quick, easy rules to follow. Rules you can keep fresh in your mind versus abstract ideas that require pages upon pages to fully flesh out.

    Read the rest of this entry “

    No Comments "

    It Costs More And Takes Longer Than You Think

    May 4th, 2015

    ID-100287222One of the most consistent problems that new investors have is that they think they can get away with rehabs on the cheap. For one thing, you pay what you get for. Don’t hire some subpar contractor who pays a bunch of sketchy semi-employable people under the table to do your rehabs with a mix of cheap materials, used materials and possibly stolen materials.

    Read the rest of this entry “

    No Comments "

    How To De-Esclate Situations With Tenants

    March 25th, 2015

    ID-10067375When it comes to property management, there is not a more important skill than being able to de-escalate situations with unhappy tenants. And to learn this skill, there is no better resource than Dale Carnegie’s fantastic book How to Win Friends and Influence People.

    Read the rest of this entry “

    No Comments "

    Being Level-Headed On The Rollercoaster Of Real Estate Investment

    February 17th, 2015

    ID-100216099Real estate has a ton of ups and downs. There aren’t a lot of other businesses that can have higher highs and lower lows. If you flip a house and make $40,000, it’s a high unlike any other.

    Read the rest of this entry “

    No Comments "

    Top 5 Real Estate Calculations

    January 27th, 2015

    Real Estate MathDespite what many of us would prefer, real estate does involve some math. Luckily, most of the formula’s are rather simple. So here we go with the top five real estate calculations (according to me, that is):

    Read the rest of this entry “

    No Comments "

    Top 10 Business Books (In My Humble Opinion)

    January 23rd, 2015

    Business BooksReal estate is a business. And yes, there are some great books specifically on real estate that every investor should read (like the 10 I mentioned earlier), but there are also some great business books that investors should put on their list. My top 10 list is as follows:

    Read the rest of this entry “

    No Comments "

    Top 10 Real Estate Books (In My Humble Opinion)

    December 8th, 2014

    Real Estate BooksEvery real estate investor should be an avid reader. Everyone, no matter how successful, can always become better at what they do and there is a ton of knowledge out there on both real estate and business that every investor should be trying to absorb.

    Read the rest of this entry “

    No Comments "

    Firing Do’s And Don’ts

    December 4th, 2014

    Firing EmployeeOne of the things about running a business is that regardless if it is a real estate business or not, you are going to have to fire people. It’s probably the worst part of being the “boss” but it’s necessary if you want to have any success at all.

    Read the rest of this entry “

    No Comments "

    Don’t Trust A Seller’s Pro Forma

    December 2nd, 2014

    ID-100120378If you’ve ever seen a pro forma that is worse than the actual 12 month operating history, please let me know, because I’m pretty sure such a thing does not exist. My dad had a saying I thought was pretty poetic. It goes like this,

    Read the rest of this entry “

    No Comments "

    Good And Bad Rules Of Thumb: The 2% Rule And The 50% Rule

    November 25th, 2014

    ID-100240687The 2% Rule – The 2% rule states that any rental an investor buys should rent for 2% of the purchase price. For example, an investor should be all into a house that rents for $1000/month for no more than $50,000 ($1000/$50,000 = 0.02).

    Read the rest of this entry “

    No Comments "