Chances are that the following describes your situation:
- You are interested in real estate investing
- You live in an expensive real estate market
- You hold a full-time job that’s not related to real estate
If you can relate to one or more of the above statements, then you’ve come to the right place!
On this page, you’ll find an amazing collection of free resources and links to awesome content to get you started.
Learning a Market
Learn what makes a market suitable for owning rental real estate.
If you’re like me and live in an expensive market that doesn’t cash flow, then you’ll need to do your homework in finding one. Learn what criteria a market needs to have before you start investing there as well as some tools to help you while you conduct your research.
Check out the following helpful posts to guide you when doing research on a market.
- 8 Signs to Look for in a Real Estate Market
- 3 Risky Areas to Avoid in a Real Estate Market
- A Case Study: Analyzing Temecula’s Real Estate Market all from Online Resources
- An Investor’s Guide to Property Classes
- Real Estate Fundamentals – Blog Series
Real Estate Analysis
You’ve identified a market and are looking at potential properties to buy and hold as a rental. Now you’ll need to learn a few metrics to assess whether these rentals will be a good investment. Here are a few articles to read that will get you started and analyzing properties in no time.
- How to Calculate Cash Flow
- How to Calculate Cash-on-Cash Return
- Rent-to-Price Ratios: How They Relate to Your Cash Flow and Cash-on-Cash Return
Real Estate Tools
Chances are you can find a rental calculator online that you can start using today. Though I recommend that you create your own cash flow spreadsheet because you’ll learn much more that way. If you don’t want to do this, then I provide one below. Also, here are some other tools to use that will be helpful investors who like technology.
- Supercharge your Real Estate Research: A Guide to Using Google My Maps
- Track Every Street You Drive When Visiting an Out-of-State Market
- Invest Where People Move: A Free Population Research Tool
Cash Flow Reports
Curious to see what owning a rental property is like? Then check out my cash flow reports that I publish every month. In these posts, I share the incomes and expenses that each of my properties generate each month. I share both the good and the bad. I don’t pull any punches here. Trust me, some months are tough.
Learn How Others Are Investing
Rather than just learning about the theory of real estate, sometimes it’s more helpful to just hear about it directly from actual investors. I interview real estate investors who took action and are investing in real estate. These investors often have a full-time job in a different industry and live in an expensive city that doesn’t always cash flow. Yet, they still managed to successfully invest in real estate out of state!