So, you’ve got a bunch of EIDL money sitting in a bank account, doing nothing but costing you 3.75% interest while you wait for qualifying expenses to come along so you can use that money. Wouldn’t it be nice if you could invest some of that money in say Tesla stock? As of the time…
So, how does someone actually make money in real estate? In this article, I am going to share the top 10 strategies for making money in real estate. But, if you prefer the video version, you can watch it here: 1. Buy and Hold Strategy number one: “Buy and Hold.” This is one…
My business partner and I just completed a successful BRRRR of a property we bought at a tax foreclosure, and it was not without some challenges! Watch the video below for my thoughts on it right after we left the bank with the refinance check. Read the short summary below to get more insight on…
“Should I get my real estate license?” is one of the most frequent questions asked by new real estate investors. The answer, as most things in real estate, is not necessarily straight forward. The answer actually depends on several factors, including the costs of getting and maintaining your real estate license in your area…
You may or may not know this, but there are actually several different accepted methods for determining the value of real estate. They include, the cost approach, the comparable sales approach, and the income approach. Let’s talk about the cost and the comparable sales approaches first, and then focus on the income approach, since…
I recently sat down with Carissa DiRado, a licensed mortgage loan officer at the Premium Mortgage Corporation, to discuss the topic of financing a house hack. We talked about a variety of topics, including what you need to do before you apply for a mortgage, the types of loan programs available both nationally and in…
According to a recent Forbes article, approximately 10% of the world’s 2,100 or so billionaires made their wealth in real estate. What’s even more intriguing, according to some estimates, over the last two centuries, approximately 90% of the world’s Millionaires either made or grew their wealth by investing in real estate. So, this begs…
This is a crazy landlord-tenant case from Jefferson County, New York. A really bad spot to find yourself in if you are a landlord. Scroll down for link to the Court’s decision. The case name is Knudsen v. Lax, 17 Misc.3d 350, 2007 N.Y. Slip. Op. 27333 (City Ct. Watertown 2007). Click here to see…
This is installment number two in my series on house hacking. It contains a detailed tutorial on how to analyze a house hack listing. I talk about 3 different potential house hacks: a good one, a bad one, and a REALLY bad one! DISCLAIMER: Nothing in this video should be construed as legal or financial…
Okay, so I am definitely not the first person to house hack a duplex and I am certainly not the last. The house-hacking strategy predates the term “house-hacking” by a long shot! But, you know what they say, “if it ain’t broke, don’t fix it!” Let’s look at why house hacking is the BEST real…