What A Possible Fed Rate Drop Means for Investors
August 19, 2024 | 2 Minute Read Mortgage rates are currently near their lowest levels in over a year, prompting many borrowers to take action. Mortgage applications rose by 17% in the week ending August 9, according to the Mortgage Bankers Association’s Market Composite Index, which was released on Wednesday. This increase pushed the index, […]
The 1% Rule is Making a Comeback
August 19, 2024 | 2 Minute Read Back in April, I discussed the 1% rule and its relevance to real estate investing. The 1% rule helps investors evaluate a property’s price against its potential gross income. According to this rule, the monthly rent should be at least 1% of the purchase price. For more details, […]
The Three Disciplines To Real Estate Investing Success
August 9, 2024 | 2 Minute Read In today’s competitive real estate investing environment, achieving consistent success requires more than just good intentions— it demands disciplined execution. The three disciplines of execution provides a framework for you to focus on what truly matters. Discipline 1: Establishing a Wildly Important Goal The first discipline is to […]
Rental Property Mistakes That Drain Profits
August 9, 2024 | 2.5 Minute Read Real Estate Investing, Rental Property Tips, Residential Real Estate, Landlord Advice, Tenant Screening, Property Management, Investment Mistakes, Rental Income Strategies, Real Estate Maintenance, Financial Planning, Rental Agreements, Vacancy Planning, Rent Pricing, Real Estate Survey 2024. To avoid the common pitfalls and protect your investment, here are six mistakes […]
Disconnect Between the Asking Price vs Turnkey Price
One effective way to find off-market properties is by building relationships with real estate agents who have pocket listings of distressed properties they aim to sell for cash. Many seasoned agents have investors on speed dial, benefiting from quick cash offers and, when permitted, acting as dual agents to retain the full commission without splitting […]
Why I Converted a Listing to a Short Term Rental
July 29, 2024 | 5 Minute Read December 2021, I assisted an out-of-state investor with refinancing his turnkey properties in Birmingham. To my surprise, I discovered that he had several short-term rentals (Airbnb’s) in the same areas where we had long-term Section 8 rentals. Who would have thought short-term rentals (STRs) could operate in these […]
Buying from a Wholesaler? Here’s What You Need to Know
July 1, 2024 | 3 Minute Read Time Each week, I receive multiple emails from wholesalers offering properties for sale. However, I seldom purchase from them, and it has been a few years since my last wholesale purchase. Despite this, wholesalers provide a valuable service by handling the heavy lifting involved in locating and presenting […]
How His Flip When Sideways (and He Is Going To Lose Thousands)
June 24, 2024 | 4 Minute Read Time Early last week, I connected with a new investor. I use “new” loosely since he has only completed three flips. He bought a property in the Avondale area, a few miles from downtown Birmingham. This is a very eclectic, hot area within walking distance of Avondale Park […]
I Made $27,660 in Six Hours Flipping This House
June 24, 2024 | 4.5 Minute Read HOW I FOUND THE DEAL (1 Hour)On May 8th, we decided to sell one of our short-term rental properties. Although it performed well on Airbnb and VRBO, we wanted to liquidate part of our portfolio, which included a 5/1 ARM at 4.25% that would reset in about two […]
Top 3 Real Estate Investing Sales Mistakes
June 17, 2024 | 1 Minute Read In the competitive world of real estate investing, making mistakes can be costly. Here are the top three blunders that can derail even the most promising investing careers. Ignoring Market Needs The cornerstone of successful real estate investing is understanding and meeting market needs. When investors ignore this […]