Yesterday, I talked about how population research is one of the fist steps to understanding any real estate market. In today’s post, I want to spend a few more minutes sharing a tool I created to level up my population research. If you haven’t read the Investor’s Guide to Population Research, be sure to check it out first. It’s packed with information and resources to get you started. Here’s a brief refresher. The advice real estate investors often hear is to invest in a growing population. Sounds simple. The reality is more complicated. A market can … continue reading.
Have you ever walked into a 31-flavors Ice Cream and just stood there completely undecided? For anyone with a sweet tooth like me, you know how this indecision feels. There’s a plethora of options to choose from! From the classic Chocolate Chip Cookie Dough to the sweeter Pralines and Cream. I also love anything with a coffee flavor. 3 samples later and I usually just opt for the Chocolate Chip Cookie Dough. Similarly, when you’re picking a real estate market to invest in, the vast array of options can be overwhelming. There are your local … continue reading.
Welcome to my September 2016 cash flow report! Each month I document how my rental properties (RP) are performing in order to track my monthly cash flow. I share both the good and the bad, as well as any lessons learned from investing in out-of-state rentals. For these income reports, I’ll report everything as they occur. That means if no rent came in, there will be a big fat zero. The same goes if there were no maintenance issues for a given month. Without further adieu, let’s jump into this month. RP#1 Here’s the … continue reading.
Investing in real estate can be a risky business. Some risks are to be expected. When owning a rental, there’s going to be periods of vacancy. Heck, I just experienced over a 2 month vacancy. There’s also going to be maintenance and repairs that as the owner, you’ll need to budget for. While all rental properties are susceptible to these risks, other risks can be disastrous. Some homes are located in very high risk areas just waiting for a calamity to strike. Take what happened this past summer for example. The massive Blue Cut wildfire … continue reading.
Today, I’m so excited to bring you the 2nd of a new series of interview posts! These interviews showcase actual real estate investors who are investing from a distance. They’ll share how they got started, what their current strategy is, and advice for anyone looking to get started, too. I’m happy to bring you Laura Williams, a real estate investor from New York City. I’ve had the pleasure of getting to know Laura this past year since we’ve both been investing in the same out-of-state market. She’s a smart investor with a lot of … continue reading.
Hello dear readers! It’s Friday…okay, it’s basically Saturday as I publish this post. Details, details. Anyways, here are 5 things I’ve been up to. 1) Heading to FinCon 2016! I’m pumped that I’ll be heading to this year’s FinCon event in San Diego. FinCon is a conference geared for bloggers who are primarily in the personal finance and investing space. I’m a new blogger, I’ll admit it. This month marks only the 6th month of this blog’s existence! I have a ton to still learn. What’s great about FinCon is … continue reading.
Today, I’m so excited to bring you the 1st of a new series of interview posts! These interviews showcase actual real estate investors who are investing from a distance. They’ll share how they got started, what their current strategy is, and advice for anyone looking to get started too. To kick this series off, I’m pumped to bring you Brian Skinner, a real estate investor from northern California. He writes a lot of insightful articles over on his blog, Rental Mindset. So I’m excited to hear his back story and learn more about how … continue reading.