Achieve Financial Independence with Real Estate, Minus the Hype
In real estate investing, understanding appraisals is essential.Below, we’ll walk through what an appraisal is, when you’ll need one, and how it impacts your transactions.We’ll also cover the types of appraisals, the methods appraisers use to determine value, and what happens when the appraisal doesn’t match your expectations.Whether you’re buying, selling, or refinancing, this guide … Read more
Insurance is a critical part of protecting your real estate investments and for asset protection.As a real estate investor, understanding the different types of coverage, how insurance policies work, and how to make informed decisions can save you from significant financial loss.Below, we’ll dive into the essential aspects of insurance to help you safeguard your … Read more
When you’re buying an investment property, inspections are one of your best tools for protecting yourself.They help you find hidden issues and give you leverage to negotiate with the seller.Knowing how to navigate the inspection process can save you money and help you avoid costly surprises later.The Inspection ProcessIn this section, we’ll guide you through … Read more
When you’re buying a property, one of the key documents you’ll encounter is the Seller’s Property Disclosure (SPD).It’s important to remember that the exact format and requirements for the SPD can vary depending on your market.Your real estate agent will guide you through the specific version used in your area and help you understand what’s … Read more
You’ve determined your plan to achieve financial independence and that includes investing in real estate.You’ve evaluated all the different real estate investing strategies and selected one or two strategies that you’ll utilize on your journey toward financial independence.You learned how to finance buying a property and studied up on how to buy your first investment … Read more
Determining the After Repair Value (ARV) of a property is one of the most important steps when buying a property to fix-and-flip or to utilize the BRRRR strategy. BRRRR stands for Buy, Rehab, Rent, Refi and Repeat.Unlike evaluating a property in its current condition, the ARV reflects what the property will be worth after repairs … Read more
Reserves are one of the most important financial safety nets you’ll have as a real estate investor.They help you weather “unexpected” expenses and protect your investments during tough times.We’ll walk through what reserves are, why you need them, and how they differ from other types of funds.You’ll learn how to determine how much you should … Read more
Capital expenses, or CapEx, are significant costs related to maintaining or improving your rental properties.These expenditures, while not frequent, play a crucial role in the long-term success of your real estate investments.We’ll explore how to distinguish CapEx from regular maintenance, how to budget for these expenses, and the importance of incorporating CapEx into your deal … Read more
A dependable pest control professional is an essential part of your real estate investing dream team, helping to prevent and eliminate infestations that can damage your property and disrupt tenant satisfaction.What Do They Do?Pest control professionals specialize in identifying, treating, and preventing infestations of common household pests such as rodents, insects, and termites. Their expertise … Read more
A dependable roofer is an essential part of your real estate investing dream team, ensuring your properties are protected from the elements with properly installed and well-maintained roofs that safeguard your investment and keep your tenants safe and dry.What Do They Do?Roofers specialize in installing, repairing, and maintaining roofs, making sure your property’s first line … Read more