Whenever I am working with a buyer and we are looking at bank owned (or REO) properties, the question always comes up: "How low of an offer can we make on this foreclosed house"? Just like many other things in investment real estate, it depends. … [Read more...]

It seems so clear now that I have been an investor for many years, but I can remember how intimidating it was trying to figure out where/how to get started.  It felt like being a freshman on the first day of high school.  Just like any new … [Read more...]

Landlords, when is the last time you read your standard lease from start to finish?  Should I dare say that some of you have never read it?  Your lease is your contract with tenant.  I assume you spent a considerable amount of time working on your … [Read more...]

As I take on new investment property customers, one of the early questions is:  "Where do you find tenants?".  As with most other questions, I usually say "It depends".  The neighborhood in which the property is located often has a lot to do with … [Read more...]

Are you memorized by those shows in which people are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due? Wow! What's more, these people claim they made as much money on this one house … [Read more...]

Managing the income and expenses of your investment properties is probably as important as managing your tenants. Sadly, I realized that although I touched on it briefly, I have never really discussed how to set up and do the accounting for your … [Read more...]

Do you just write those expense checks every month for your investment properties without thinking about if the bill is correct or could be lower and/or eliminated? Although you typically can only raise rent every 12 months, it is never the wrong … [Read more...]

Making offers on foreclosed properties can sometimes be a daunting task even for seasoned real estate agents and investors. Each bank can have different and very specific requirements that must be submitted before they even look at your offer. … [Read more...]

Foreclosures seem to be a hot topic of conversation even amongst people that are not in the real estate market. I am often asked "Are you finding a lot of deals with all the foreclosures happening now". My standard answer is "yes, typically". … [Read more...]

Fall is a great time of year.   I am realizing I like fall because of all the things that I don't have to do or take care of!   The grass slows down growing, I can open the windows and not have to run the A/C.  Kids are back in school.  Oh yeah. This … [Read more...]