This may seem obvious but, what works for me may not work for you. What’s important to me may not be important to you, and the same holds true in the opposite direction. At this point, I’ve onboarded 9 units with my property management company and have worked with every corner of their team for …
Why I’ve Decided to Give Self-Management a Try For Small Multifamily Properties Read More »
When I first started – with no agents at all – my first order of business was to find one (which you can read about here – what a journey!). In my local market, there are quite a few brokers that advertise as “investor-friendly” firms, meaning (on the surface) that they work with investors. What …
New (All) Real Estate Investors Should Work With Multiple Agents Read More »
When we jumped into investing at the end of 2020 the market was already off the rails. Home prices were too high, labor and material prices were too high, inventory and availability were both too low. I spoke to a dozen or so experienced real estate investors who all said the same thing – this …
Should You Waive Your Home Inspection Contingency as a New Real Estate Investor? Read More »
Property Management has been a really important consideration of ours, as we started this journey. When I started to read and listen to podcasts and talk to other folks about what they had done in real estate, it was pretty common that I would hear somebody talk about, for example, “I make $1,000 a month …
Don’t Forget Property Management in Your Deal Analysis Read More »
Hey everyone, SK2 here. It is June 15 today, and there’s not a lot of excitement going on today in in real estate investment world. It’s just the waiting game today. I’ve got a property closing this week, as long as all the attorneys say that’s cool. I should have another property closing next week, …
Waiting for Closings but Don’t Stop Looking for Deals! Read More »
I got a third property under contract on 6/1. As I’ve said before, the market is going nuts right now, with MLS properties going 10% – 20% over asking – sometimes quite a bit more. There are also a few owners who are clearly just testing the market to see what they can get. In …
Another Property Under Contract, units 7 – 9, and Exploring New Ways to Finance Read More »
I’m bored. Not of real estate investing – that’s really, really exciting even during this still-crazy market we’re in – but of waiting. On the first two properties (doors 1 through 6), I decided to finance them with traditional mortgages through a broker. Time will tell whether or not that was a good choice. Still, …
The Waiting Game – Are Conventional Mortgages Good for Early Investors? Read More »
It’s so important to do the little things daily – actually evaluate deals, run numbers, connect with your agent, investors, and more. Why? Because the folks who figure out the little things usually have great big things going their way, and because you just never know where a good lead will emerge and that’s exactly …
Doors 4, 5, and 6 Under Contract Wrap Up a Strong April! Read More »
After three months of searching and offers, we’ve got our first 3 doors under contract. Actually, as of this writing, we’re about a week after getting under contract and, knock on wood, all seems good. This one will be the first buy-and-hold rental property. Based on our numbers, it’ll cash flow $850 / month after …
Our First 3 Doors – Here We Go! Only 97 More To Go! Read More »
Holy shit – forget finding “good” contractors – finding any contractor to work with us as new investors has been extremely difficult. A few weeks ago we called more than 3 dozen contractors – some larger folks and some small crews, but all that advertise (and some who were referred) as good remodel/rehab crews. Only …
Finding a Good Contractor for Rehab Projects Ain’t Easy Read More »