Right now is still a GREAT time to buy and own U.S. real estate. This is especially true of houses. I know that if you listen to the media there is a lot of noise out there about what’s going on in the housing market…prices increasing…no good deals…blah, blah, blah. To me it is all just noise. Let’s take a look at the facts. Housing prices had their greatest bust in nearly 100 years and now have recovered and moving upward. Lack of new construction has created a supply and demand imbalance. Mortgage rates still at near Read more…
This weekend is the 4th of July. Each and every one of us has so very much to be thankful for. If you are living in this country you are blessed with boundless freedom and opportunity. It is that freedom and opportunity that makes us a truly unique nation. If you are a part of my tribe (our community) here at StreetWise Property Investing you know all too well my trumpet song of FREEDOM. Freedom is not something that any of us should take lightly, however, many of us do take for granted. We have the opportunity Read more…
So, a few weeks ago one of my students approached me about doing a fix and flip with him… He sent me the address, pitched me on the deal and all the particulars. Initially I got pretty excited. This was a house in an area that I knew really well and believed would be a great deal. Of course I had not run the comps or physically seen the property yet. Because I was close by I went and viewed the property first. Although it was in a very upscale area, the property was very dated, and due to its Read more…
A little over a week ago I shared with you my mid century remodel flip on 16th Ln. I showed you how we modernized the bathrooms so that we could get top dollar for the property. Today I am going to show you before and after pics of how we totally opened up the main living area of this house. Not only did we open up the main living area to give it that “open” feel that everyone is looking for, but we moved the kitchen as well. I will tell you why we did that in just a minute. Read more…
Today I wanted to write something a little bit different. I see my job as one of teacher and educator to my subscribers. I have to ask myself, if our roles were reversed, what information would I want to learn? I don’t know about you but I love seeing pictures…especially those that are before and after. Have you ever watched one of those shows like “Flip that House” or “Fixer Upper?” I love checking out these shows and getting ideas for my projects. Who doesn’t like seeing a HUGE transformation?? I think as a society we all love seeing this Read more…
I spend a good deal of time speaking with different clients of mine. This is part of what I do, and enjoy doing very much. It is in these conversations that I learn what some of their unique challenges are. Today I want to share with you one of those challenges and something that I believe can generate the biggest leap forward for you in your real estate investing success. Many of my clients are new to real estate investing, or have been investing for a while and are looking for additional income. As many of you know I trumpet Read more…
For the last few weeks I have been writing about rentals and why they are so important to growing your wealth. The biggest reason that I cited was for consistent monthly cash flow. Some of you have responded and said things like its too much work to find the right deal. Or, that you just don’t want to deal with the potential challenges that are associated with owning rental properties. Today I am going to show you another way. In fact this way does not involve owning rentals…or any property for that matter. You do not have to look for Read more…
Yesterday I was talking to a client of mine about building long term wealth. We discussed some of the ways to do this in real estate. Things such as wholesaling, flipping, rentals, lending, note buying, land, development and building just to name a few. And, of course you can “make money” at any of these real estate investing avenues. However, it is my firm belief that if you want to truly grow your wealth for the LONG term the best way to do this is through buying and holding rental property. Now, I know many of you reading Read more…
With April 15 looming right around the corner, and many of you scrambling to get your taxes done, I wanted to write something today that if you implement can make you much, much richer. And, not only can these 2 ideas I have for you make you a lot of money, but the best part is that this money will be tax FREE! That’s right…loads of cash without having to give any to Uncle Sam! Now you may be thinking what kind of crazy idea is this? There is no way that you can legally make big $$$ and not Read more…
Have you ever considered what your life would be like if you had enough money coming in every month that covered ALL of your expenses, AND this money came in whether you worked or not?? For many people this seems like a fantasy. For others they wonder how this could even be possible. Well let me tell you that it is not a fantasy, and it IS very possible if you are willing to do a few simple things. What I am referring to here is buying and owning rental properties. However non-sexy rental properties may seem, over time they Read more…
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