Every for-profit business requires positive Net Operating Income (NOI), including your rental property business. This calculation is used to analyze the profitability of income-generating real estate investments and equals all revenue from the property, minus all necessary operating expenses, excluding mortgage payments.
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There is no doubt that COVID-19 has caused an economic crisis in our country. However, it has not affected some parts of the country in the same ways that it has affected others.
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Recruiting an “A” team is key to achieving financial success investing in real estate. This team is spending your HARD-EARNED SAVINGS and you want not a good but a great return on investment dollars!
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To achieve financial success in real estate investing you need the same focus in selecting your team as a successful college sports team coach recruiting athletes. Your real estate team includes: Property Manager; Successful Investment Real Estate Owners; Real Estate Agents; Home Inspector; Home Appraiser; Title Insurance Officer; Real Estate Attorney; Mortgage Lenders; and Contractors. Today’s blog focuses on finding a GREAT Property Manager rather than just an ok or good one. The first step – ...
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The main downside of buying a rental has always been its management. Someone has to deal with the ugly three Ts: Tenants, toilets, and trash.
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Find an agent that is experienced in rental properties. She or he know what a good deal is and what is a waste of time. A seasoned real estate professional will save you time, errors and money!
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INVESTMENT RENTAL PROPERTIES CAN MAKE YOU A MILLIONAIRE! Good news - there are great investment properties out there, you just need to find one. Here are five key steps to finding that great investment property:First find a Great Location Show Your Ability to Pay for the PropertyIdentify the Type of Property and How Much You Want to SpendHire the Right Real Estate AgentInternal Rate of Return >10% FIRST FIND ...
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IT’S ALL ABOUT THE LOCATION SILLY Over the past 30+ years, I have purchased seventeen investment properties. Some HORRIBLE (I sold) and some great (Still Own). Here are my lessons to help you find a great location that generates high rents and above average long-term returns. FINDING GREAT RENTAL PROPERTY LOCATIONS WOULD YOU LIVE THERE? WOULD YOU LIVE THERE? I made the mistake of buying five properties, I would never voluntarily live. Yep, I sold those five, AT ...
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In the 1987 movie, Wall Street, actor Michael Douglas as Gordon Gekko, said, "Greed, for lack of a better word, is good." The reality is greed wrecked our economy causing the 2008 Real Estate and Stock Market recession! Greed may put some Kodak Company executives in prison for alleged insider stock trading. So, let’s replace the word greed with LEVERAGE. Leverage/Debt is a powerful tool, when SMARTLY utilized in real ...
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COVID - 19 has drastically reduced tax revenues while also increasing the expenditures of: Cities, Counties, States and the Federal Government. So what are the plans to close the Billions in gaps? Look in the mirror! Politicians tend to stick to their tried and true option of RAISING OUR TAXES. In anticipation of high taxes climbing and the escalating violence in some cities; thousands of homeowners are fleeing the highest ...
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