Steve Kiernan

Self-Management - First100Doors

Why I’ve Decided to Give Self-Management a Try For Small Multifamily Properties

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 …

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New Town Neighborhood

New (All) Real Estate Investors Should Work With Multiple Agents

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 …

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Power meters at the beach painted green read amout of electricity used in the small business .

Should You Waive Your Home Inspection Contingency as a New Real Estate Investor?

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 …

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Buy & Hold Property

Another Property Under Contract, units 7 – 9, and Exploring New Ways to Finance

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 …

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Hourglass time passing

The Waiting Game – Are Conventional Mortgages Good for Early Investors?

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, …

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3 Unit Rental Property - doors 4, 5, and 6

Doors 4, 5, and 6 Under Contract Wrap Up a Strong April!

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 …

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First 3 Door - three-unit rental property

Our First 3 Doors – Here We Go! Only 97 More To Go!

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 …

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Frustrated business executive at desk

Finding a Good Contractor for Rehab Projects Ain’t Easy

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 …

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