Is buying a house with negative equity a bad idea? Let’s see Skyline aka Flea House is one of my favorite properties. (I know, I say this every time). We bought this property in April 2021 right after Magnolia & Cottage House. We borrowed more than we needed so we had extra cash available. We […]
So you’ve found the perfect investment property, now what?! This is where a lot of investors or aspiring investors get stuck. “I want to invest in real estate, but I don’t have any money” or ” I don’t have good credit” or “I don’t know how to deal with all that bank paperwork” are among […]
This is probably one of my favorite houses and not because it’s a killer deal, but because it’s just a great house and we have a good Section 8 tenant. The Deal Purchased as part of a 3-house package that we bought as my 30th birthday gift (I wanted 10 units by 30). We closed […]
We bought the Cottage house just a few days after Magnolia Fourplex. This was investment no.2 in Macon, Georgia. This property caught our attention because it was built in 2008 which is rare in Macon. The listing price was $59,000. When we initially inquired about it, it was rented for $850. If we are going […]
BRRRR (BUY, REHAB, RENT, REFINANCE, AND REPEAT) This is Blog Post 6 of The Getting Started in Real Estate Series. Today’s topic is the BRRRR strategy. BRRRR is one of the favorite real estate investing strategies among the real estate investing community and you will see why below. So, what is BRRRR? The basics: You […]
INVESTMENT STRATEGIES | Flipping | Live-In Flip | House Hacking | Turnkey Rentals | BRRRR | Welcome to the fourth blog post of the Real Estate Investment Series! In this post, we will discuss five of my favorite real estate investment strategies. There are many options when it comes to real estate investing, so how […]
In evaluating rental properties, it is important to account for unknowns and other operating costs. A lot of new investors optimistically evaluate properties and do not consider all potential costs. Once they realize what it costs to own and maintain the property, they may end up realizing that the numbers don’t work. Two important questions: […]
Magnolia was property No. 5 and it is by far my favorite property. Depending on who you ask, this may or may not be a good investment. We ran into a few hiccups and made some stupid mistakes on this purchase. However, it still checks all the boxes. It fits perfectly within our investment criteria. […]
In my post, “How to Prepare to Buy Your First Rental Investment Property”, I mentioned that FOCUS is key when it comes to investing in real estate. There are so many property options and paths you can choose from. This is the reason why many people, like myself, get stuck in analysis paralysis and delay […]
Buying rental property is my favorite way of building wealth. Stocks are great, but real estate investing adds a little spice to the wealth-building journey. Rental property investing is not as passive as investing in stocks, but if you hire a property manager, you won’t have to deal with broken toilets or angry tenants. Your […]