Archive for 'Tips' Category
Tip #7 Don’t over price your rents!
23 November 2006Easy enough to say, but for some landlords, the greed in squeezing out an extra $50 dollars can be costly!
Tenants know the “true” market value in rents. If you price it jsut $50 dollars over, its amazing how hard it is to get applications.
I’ve been watching a house in my neighborhood for about two months […]
Tip #6 Tenants will push you, stick to your rules!
8 October 2006I have one tenant that moved her 20 year old son without permission many months ago. He ended up fighting a lot with her mother and a few times threw her into a wall! After finding out about this, I quickly went into action and he was removed.
Well, today she calls me and let’s me […]
Tip #5 Look at assessor data to determine comps on new construction
6 October 2006I am under contract on a new construction house right now so I had an interest in researching comps. At first it was difficult to comp these properties because the subdivision is so new , nobody has sold a house! In addition, its tough to compare properties in the surrounding areas because they […]
Tip #4 Rehabbing Tips
14 September 2006As I mentioned in lesson #1 How to start real estate investing (top header of website), networking at real estate club meetings is worth its weight in gold.
Besides the networking, speakers can provide good information as well. The main speaker was a well known rehabber. Pete Young has been speaking about rehabs for […]
Tip # 3 Use Zillow.com for free property evaluations.
3 September 2006If you’ve been in real estate for awhile, I’m sure you’ve heard of www.zillow.com. Zillow is a relatively new site that provides instant values to properties nation wide.
I critically analyzed this site again recently and I am happy to report that www.Zillow.com is getting much better in predicting real estate comps.
Early this year, […]
Tip #2 How to get an unsecured credit line up to 50k.
2 September 2006I just got an “unsecured” business line of of credit starting at $10,000 at 5.99% APR without blinking eye! No submitting tax returns, no proof of income, etc.. It was just 5 minutes of plugging in some numbers and in 3 weeks I got a card.
What makes this a great deal is that […]
Tip#1 Finding pre-foreclosure data on the web
27 August 2006A “pre-foreclosure” lead is a property that hasn’t gone through the full foreclosure cycle. These leads can be very profitable for the real estate investor.
Some courses recommend going to the local Recorder’s office to pull out this information. Although you get the information you need, its takes time and sometimes its a hassle. For some reason, city workers are not the friendliest city servants.
I highly […]
Book review of “52 houses in 52 weeks” by Dolf
23 February 2006Dolf gave out his latest book during the expo last weekend. The book basically tells the story of how this investor (Gene Burns) pulled off purchasing 52 houses in actually 8 months.
Actually, this is Gene’s book, its obvious that Dolf didn’t do much of the work. It appeared that he talked with him alot and […]
About Kiyosaki’s Cashflow 101..
10 July 2005I played this game for the first time last night. What can say, it was awesome! My friends started playing about 3 years ago, and its helped them think about how to get out of the rat race.
To get out of the “rate race” your passive income needs to exceed your liabilities. The game is […]