Financial Issues

So you're on board with the idea that investing in real estate is profitable and think you have the right personality to be an investor? Great! Now comes the hard part: Paying for it. This is THE issue that makes or breaks your ability to be an investor. There are opportunities around every corner, but if you don't have access to money, your investing days are over before they begin. Unless you are going...

For the last two weeks I have been in a pretty upbeat mood. I had finally got my rehab project at 3969 Humphrey under contract and a smooth closing looked to be all but a sure thing. Now, the contract has fallen through and the property is back on the market (a steal at $127,750 if you are looking for a house ;-) ) . So what happened? The appraisal came in last night. It came in at $101,000! For my...

I'm always astounded at how many investors don't keep detailed records on their properties. Especially since most of this data is submitted to the IRS at tax time. For some reason or another, after the data has served it's initial us, the information often gets tossed aside. If your records look like this picture or if they end up in the trash can, I encourage you to think twice about what you do. You are...