Vitaliy Volpov, Author at Succeed REI

Creator of the Succeed REI brand

BRRRR Investing – 4 Lessons From a Successful Tax Foreclosure Deal

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…

Read more

Should You Get Your Real Estate License as an Investor?

  “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…

Read more

Apartment Building Valuation: How to Calculate the Market Value of a Commercial Apartment Building

  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…

Read more

Is Investing in Real Estate a Good Idea?

  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…

Read more

A Landlord’s Nightmare – the Stranger You Can’t Evict

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…

Read more

Why House Hacking is the Best Real Estate Investing Strategy for Beginners

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…

Read more