3 Ways to Deal With Real Estate Risk Without Letting it Paralyze You
As real estate investors, we recognize that we need to take risk in order to reap any rewards. But how should you go about dealing with this risk? What’s too risky, what’s an educated risk, and when are we not taking enough risk? In this article I give you my thoughts on how I deal with […]
8 Awesomely Simple Ways to Maximize Your Apartment Building Profits
You’re probably already familiar with the power of commercial real estate by now. For example, if you’re able to increase rents by $50 and decrease expenses by $50 per unit per month and you have a 24-unit apartment building, you’ve increased the income of the property by $28,800 per year. Not that much, you say? […]
Before You Attempt to Manage Your Own Property, Answer These 5 Questions
One result of having the mindset of entrepreneur is that you should not do all of the work yourself, but instead surround yourself with an awesome team and delegate. In particular: Don’t be a PROPERTY manager; be an ASSET manager instead. What’s the difference? If you’re the property manager, you are the manager. If you’re […]
3 Priceless Contract Negotiation Tips to Keep You in Control of the Deal
Having bought and sold houses, commercial real estate, and restaurants, I’ve made lots of mistakes during the contract negotiation of the transactions. These mistakes can easily be avoided by addressing them properly and up-front in your contract agreements. Standard MRIS contracts for buying and selling single family houses are typically adequate for handling the vast […]
The Best-Kept Secret to Raising Money for Apartment Building Investing
Newbie investors tell me they’ll start their apartment building investing career when they have money. But who knows when that will happen? And so they wait. Or they’ll say they can’t see themselves putting a building under contract if they don’t already have the funds in the bank – who will take them seriously? Or […]
4 Ways Adversity Makes Us Better Versions of Ourselves
Before I became a full-time entrepreneur in 2005, I felt like I had succeeded at everything up to that point: I had a well-paying job at a software company, I enjoyed traveling with my wife, and we had our first baby on the way. But unlike so many successful people I read about, I had […]
3 Reasons Why You MUST Fail At Real Estate Investing
I’m 35 years old and I never failed at anything. This never troubled me before. School was always easy for me and I got straight A’s. I graduated with a master’s degree in computer science and got a good programming job with good benefits and made everyone proud. I joined a software startup that went […]
Change: Do You Run from It Or Learn from It?
My family and I vacationed in Hilton Head Island and participated in a guided beach nature walk. Something our guide said stood out to me. He said, “This beach looks so much different than it did a month ago because of this storm we had. In fact, every time I come out here, something is […]
4 Steps to Perform a Rent Survey for Multifamily Properties
Are you missing out on rent money or pricing your units too high to fill? Find out critical information for your multifamily business plan by taking these steps.
The Power of Belief: How to Overcome Your Fear of Risk-Taking, Day by Day
The Power of Belief: How to Overcome Your Fear of Risk-Taking, Day by Day
Wouldn’t real estate investing be so much easier if we could just get the reward without all the risk? Wouldn’t it be great if we could achieve our full potential without ever leaving our comfort zone?
Yet for some reason, life isn’t that easy.