REAL ESTATE INVESTMENTS Archives - $ WEALTH BUILDING POWERS

by Powers Investments Management, LLC June 5, 2021

IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?

The major factor in paying your mortgage off early is prioritization of limited resources- your income. You already have a mortgage payment and hopefully, you are contributing to a 401-K plan and if you can afford it a IRA plan. If you have children you may be contributing to a 529-Plan. With above expenditures and more, only a few can afford to pay a mortgage off early. But maybe, you ...

by Powers Investments Management, LLC January 11, 2021

FINANCIAL LITERACY , REAL ESTATE INVESTMENTS

BE SMART – PLAY MONOPOLY AND LEARN FINANCIAL LITERACY

I came from a family that never read The Wall Street Journal and did NOT talk about the stock market over dinner. We did, however, play Monopoly. An inexpensive game I credit with introducing me to real-world financial literacy. It was up to me to continue building on that education

by Powers Investments Management, LLC December 14, 2020

REAL ESTATE INVESTMENTS

STEP #8: SUCCESSFUL NEGOTIATIONS IS ALL ABOUT THE NUMBERS

Once you decide to make an offer, the negotiation starts and is completed when you close on the property. Closing usually occurs 45 days after you sign the contract (faster if paying cash). After making an offer, you have more work to protect yourself and have zero surprises after final closure. Once you close, YOU OWN THE GOOD AND THE BAD!

by Powers Investments Management, LLC November 23, 2020

INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #7: IT’S ALWAYS ABOUT THE NUMBERS!

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.

by Powers Investments Management, LLC November 9, 2020

INVESTMENTS , REAL ESTATE INVESTMENTS

THE PANDEMIC IS CAUSING A RENT CRISIS, IS NOW THE TIME TO BECOME A LANDLORD?

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.

by Powers Investments Management, LLC November 2, 2020

INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #1: BUILDING YOUR “A” REAL ESTATE TEAM!

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!

by Powers Investments Management, LLC October 19, 2020

REAL ESTATE INVESTMENTS

STEP 6: YOU WANT MAX PROFIT, THEN YOU NEED A GREAT PROPERTY MANAGER

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 – ...

by Powers Investments Management, LLC October 5, 2020

INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #5: IS A PROPERTY MANAGER REALLY WORTH TEN PERCENT OF YOUR RENTAL INCOME?

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.

by Powers Investments Management, LLC September 28, 2020

INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #4: HOW TO FIND A GREAT INVESTMENT PROPERTY REAL ESTATE AGENT!

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!

by Powers Investments Management, LLC September 21, 2020

INVESTMENTS , REAL ESTATE INVESTMENTS

STEP #3: BUYING THE BEST MONEY MAKING INVESTMENT RENTAL PROPERTIES

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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