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10 Ways to Protect Front Doors from Break-ins in Your Rental House The front door of a rented property is often an overlooked feature. But statistics turns out that nearly 66% of all burglaries are front door break-ins. Therefore, to secure the front door is one of the most important parts of home safety. It…
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Purchasing an investment property is only the first step as a property investor. The next step is actually managing the property. There are very specific management requirements you will have as a rental property owner. Here are five tips to make your investment a success. Keep Up With Maintenance One of the most important things…
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Key Takeaways Rehabbing in real estate is the restoration and the improvement of a property. Learn how to rehab a house in nine simple steps, even if you’re on a budget. Pick up tips on how to successfully rehab a house from start to finish. One of the more costly projects a real estate investor…
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Include a cushion in your projections when flipping a house. As with any other form of gambling, never invest more than you can afford to lose when house flipping. Before you begin pricing houses, setting a rehab budget and reviewing buying and selling costs, determine the amount of money you can afford to lose in…
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Two weeks ago I called six different contractors to come take a look at a small repair job on my personal house. Every single one went to an answering machine or voicemail. Okay, understandable.They are busy working. I’ll leave a message. In total, four of them called me back, and I scheduled four different appointments with each…
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Savvy investors know that finding properties with the highest return on investment potential often means researching and scoping out off-market deals. If you’ve been thinking about joining the ranks of investors taking advantage of hot fix and flip markets across the country and aren’t confident you know where to find the best deals or don’t…
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The #2 question I typically get from people I meet is this: “Dude, where do you get the money to do your deals?” I mean, their initial thought is that I have hundreds of thousands of dollars sitting around, waiting to be used on deals I get. I don’t have that kind of money sitting…
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You can make money in any area of real estate. But, it’s hard to be good at everything. So, in order to be successful, you should focus on one thing and become exceptionally good at it. So that brings us back to the question, should you flip or rent out your property? That really depends… Should I…
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“A journey of a thousand miles begins with a single step.” – Lao-tzu This chapter is very important in your real estate investing journey. Without a clear understanding of the principles found in this chapter, you are at a much higher risk of failure and defeat in your real estate dealings. In fact, if you…
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Way back when, I used to have an “I Buy Houses” business. I would act as the bank for a few bird dogs who were steadily feeding me deals. In those days, “subject to” was one of my favorite strategies for buying properties from motivated sellers. It was a very valuable tool for me back then, and…