Achieve Financial Independence with Real Estate, Minus the Hype
As a real estate investor, understanding your debt-to-income (DTI) ratio is important for analyzing deals and securing traditional financing for your properties.While you can always ask your lender to calculate this for you, knowing how it works can give you a significant advantage, especially when you’re planning to acquire multiple properties.So, what is Debt-to-Income (DTI)?Your … Read more
A reliable handyman is an essential part of your real estate investing dream team, helping to maintain and improve your properties while keeping repair costs under control.What Do They Do?Your handyman will play a crucial role in keeping your properties in good condition, from fixing minor issues to handling general upkeep.Here’s what handymen typically handle:When … Read more
Determining the appropriate rent for a property is a crucial skill for any real estate investor. Whether you’re analyzing a potential investment or preparing to market your property, understanding how to use rent comparables (comps) is essential.Rent comps are similar properties in the area that have recently been rented or are currently available for rent. … Read more
When you’re analyzing real estate deals, two metrics often come up:These powerful tools can help you evaluate potential investments and make informed decisions.They provide different perspectives on a property’s performance and can guide your investment strategy.We’ll dive deep into Cash on Cash ROI and Cap Rate and you’ll learn:Let’s get started with understanding the basics … Read more
Determining a property’s value can be an important step when buying your first investment property depending on your real estate investing strategy and why you’re buying the property.By reviewing comparable sales, or “comps,” you can get a clearer picture of what similar properties have sold for, helping you make more informed decisions.Here’s how to do … Read more
A property manager can be a key member of your real estate investing dream team, especially if you plan on scaling your portfolio or don’t want to be involved in the day-to-day operations of managing tenants and property maintenance.Property managers do more than just collect rent—they provide key services before, during, and after your property … Read more
A mentor is an invaluable asset to your real estate investing journey, providing guidance, wisdom, and support throughout your career as you buy, manage, and sell properties. In this comprehensive guide, we’ll explore why having a mentor is crucial, what they can do for you, and how to make the most of this powerful relationship.What … Read more
Buying a new construction property as your first investment can be an exciting opportunity. New properties often come with modern features, lower maintenance costs, optimal capital expenses since you’re starting with everything new and potential for immediate appreciation.However, there are also unique challenges to consider.From navigating builder contracts to understanding how builder pricing works, it’s … Read more
A bookkeeper can be a great addition to your real estate investing dream team because they help you manage the day-to-day financials of your investment properties.While they don’t provide the strategic tax guidance of a CPA, their role is to ensure that your income and expenses are tracked accurately and that your financial records are … Read more
A Certified Public Accountant (CPA) is an important member of your real estate investing dream team because they help you navigate the tax implications of buying, owning, and selling properties.The right CPA will help you set up your real estate business in a tax-efficient way and ensure you’re taking advantage of every opportunity to minimize … Read more