Six Reasons Why Real Estate Trumps Investing in Stocks and Mutual Funds I experienced a drug induced hallucination when I was 10. Laughing gas from my dentist caused me to visualize colorful puzzle pieces crawling all over the ceiling of the exam room. Hopefully, you have never endured this “wacky awake dreamlike state” but take my word for it, you feel out of control.To this day, I still feel a lack of control when I’m in the dental chair. Someone else is put in charge of my mouth and … [Read more...]
Six Reasons Why Real Estate Trumps Investing in Stocks and Mutual Funds
September 9, 2012 By Leave a Comment
The Disadvantages of Section 8 Rentals
August 10, 2012 By Leave a Comment
The Disadvantages of Section 8 Rentals It felt like I was walking into a cave. A dark, messy, smelly cave. I looked around at the walls of my Section 8 rental and saw black, only black. The tenants had decided to add some “color” to the décor. But seriously, who paints walls black? And poop? Who leaves dog poop all over the floor? And trash? How can a family of four leave two, not one, but two dumpsters worth of trash? I started calculating the cost of priming and repainting, carpet … [Read more...]
Crime Proof Your Properties: Lessons from a Gang Threat
June 30, 2012 By Leave a Comment
Crime Proof Your Properties: Lessons from a Gang ThreatThe phone call came late on a Friday night. My contractor told me that a neighbor had stopped by to pass on some news. A gang was targeting our almost rehabbed duplex. According to the source, a gang was waiting for all the “goodies” to be installed, then they planned break in and steal everything. In my head, I started adding up the costs of the new furnaces, hot water heaters, cabinets and light fixtures. I tried to slow my heart … [Read more...]
The Outer Limits: How to Speed Up the Property Inspection Process on New Deals
May 18, 2012 By Leave a Comment
The Outer Limits: How to Speed Up the Property Inspection Process on New DealsIs your passion hang gliding? Bull riding? Planking? No matter what your hobby is; forget it. If you are an investor looking for the perfect 10 rental, you won’t have time to do any hobbies if you aren’t efficient. Investors may need to look at tons of properties to find one keeper. To rule out properties quickly, speed up the process by starting your inspections on the outside. Many of your big ticket items are … [Read more...]
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Why Real Estate Returns Are Higher than Stocks, Bonds and Mutual Funds
Why Real Estate Returns Are Higher than Stocks, Bonds and Mutual Funds Investing in rental property is like eating a hot fudge sundae. Buying stocks, bonds and mutual funds is like eating hot fudge with the occasional spoonful of ice cream.With real estate rentals, your returns include:1. Cash Flow from Monthly Rental Income – A Huge Scoop of Your Favorite Ice Cream 2. Buying Money – A Second Scoop 3. Tax Free Refinancing – A Third Scoop 4. Appreciation – Hot Fudge on Top 5. Write … [Read more...]