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The first year for any new business is the most important. What you do in the first twelve months will often set the tone for the next decade plus.  If you can get past the startup period you will be well on your way to success. Surviving this period is as much about having the […]

As a landlord your lease is everything. Without a well written lease for your protection you leave yourself open to liability, litigation and financial loss. It is not enough to use the first lease you find online.  Your lease needs to be tailored specifically to the property, the market and your personal preferences.  Anything that […]

Tenant screening is the most important step you can take to ensure you are renting to quality tenants. While nothing you do will ever guarantee good tenants you always want to give yourself the best possible chance.  By taking the time to screen your tenants and ask the right questions you can eliminate many bad […]

Poor credit greatly restricts how you run your real estate business. While you might not lean on credit to fund deals today you never know what the future holds. All it takes is one or two late accounts to knock your credit score down fifty points or so.  This may not seem like much but […]

The best real estate investors surround themselves with the best possible team. As individual as investing in real estate is there is also plenty of reliance on the people around you. It is not enough to hire the first able person that comes your way.  You need to be comfortable that whoever works for you […]

Most good things in business start with a plan. Without a plan it is easy to veer off course in times of desperation.  You will find yourself looking at deals and markets where you have no business being in.  While taking action is always important taking action blindly will often do more harm than good. […]

To be a great real estate investor you need to follow rules. The rules you create will help guide you in everything you do.  Without rules it is easy to jump at every new property that hits the market.  Without a set of defined rules you can end up with properties that aren’t really profitable.  […]

Rehabbing is currently the most popular form of real estate investing. Almost every new investor that enters the market wants to be the next great house flipper.  While this is certainly achievable there is plenty that can go wrong.  Things may look easy enough on TV but are often much more difficult than you may […]

To run an efficient rental property you need to be a good landlord. There are many rental property owners who do not have the residual cash flow to hire a dedicated property manager.  This puts them in the front lines with all of their tenants.  Instead of treating it as a job you should think […]

If you are looking for financing on your next deal you shouldn’t discount your local bank or mortgage broker. Even though traditional financing has received a bad rap in recent years it is still a viable option for the right borrower.  The two main lending options are a local bank and a mortgage broker.  While […]