Saving & Strategy for Buying Another Rental Property in 4 Steps

Posted by Chris Clothier on Mon, Nov 6, 2017

Passive real estate investors know that, ultimately, they need to grow beyond a single investment property. It’s the only way to truly grow their passive income! For first-time investors, though, it’s not quite as simple as buying a second property willy-nilly. An investment property is a large purchase that, especially in the beginning, has to be saved for and carefully considered.

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Topics: buying a property

Is it Ever Okay to Overpay in Real Estate Investment?

Posted by Chris Clothier on Thu, Oct 26, 2017

When we’re taught about real estate investment strategies, especially as they relate to single-family properties, it is drilled into us that we have to buy below market value if we want to see good returns.  The problem with that statement is that each real estate market is unique and there are always different strategies that different investors employ at different times.  So, one statement, that while on the surface looks like great advice, may not always make sense for each investor.

We are also told that if we ever want to make it in real estate investment, we absolutely cannot “overpay” for an investment property.

But what is “overpaying?” Who decides if you are or are not over-paying.  Please don't go down the route of appraisals here.  While I have nothing against appraisers and have many friends who do a fantastic job in that role, they will be the first to tell you that appraisals are subjective and you can line up ten appraisers and will likely get ten different values.  So the real question is, are there times when it’s okay to purchase a property above an appraised valued? When is it worth it? Is it ever?

What you thought you knew about investing in real estate may not be so concrete. There are times where the rules of real estate investment can and should be broken.

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Topics: buying a property

Crucial Summer Homebuying Tips for Real Estate Investing

Posted by Chris Clothier on Wed, Jul 5, 2017

Summer. It’s hot. The real estate market is also hot. It’s the time of year when everyone wants to buy and everyone is selling.

For real estate investors who want to get in on the frenzy, there are a few things that you need to know so that you don’t get caught up in the heat of the moment and make critical errors.

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Topics: real estate investing, buying a property

Finding Real Estate Deals When Competition Rises

Posted by Chris Clothier on Sat, Jun 17, 2017

Investing in real estate can be a highly competitive business. Granted, how competitive depends on a two primary factors: your market and your strategy. Real estate investors dealing with a typical buy-and-hold strategy have to elbow through two common obstacles.

These are the market prices and other investors and buyers.

Naturally, markets experience different seasons and fluctuations. For example, after the recession circa 2009, investing in real estate was relatively easy. A lot of people chose to start investing because prices were so dramatically low and foreclosures were plentiful.

At the same time, there was a lot of competition because of the sheer number of investors. Eventually, as prices began to rise and recover

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Topics: buying a property

5 Headaches Real Estate Investors Should Avoid When Property Hunting

Posted by Chris Clothier on Tue, May 30, 2017

Property hunting is the endless rabbit hole that real estate investors are perpetually thrust into. We’re always on the lookout for the best deals, the perfect properties, and the key features that will ultimately calculate into that sweet investment property for our portfolio.

Even though it’s necessary, looking for properties comes with a lot of frustrations. It’s exhausting to be faced with an endless sea of options, most of which aren’t the right fit.

When you find one that actually works out, having to go through a long process of negotiating and acquisition before you can actually get on the path to making money on the property is another headache, too!

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Topics: buying a property

Winning the Bid: 6 Tips for Real Estate Investing in a Competitive Market

Posted by Chris Clothier on Sat, May 27, 2017

Investing in real estate can be a fast-paced, heart-pounding experience, even for passive real estate investors. Depending on where you invest, certain real estate markets can get heated and competitive. You might find yourself up against a bustling market of homebuyers, a cutthroat group of international investors, or even just tight inventory.

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Topics: investing in real estate, buying a property

Squash 5 Major Real Estate Negotiating Anxieties

Posted by Chris Clothier on Tue, Apr 25, 2017

Getting into the real estate business can be a daunting thought. Not becasue you dont have the passion or mindset to be great...it's mostly due to lack of experience (especially when negotiating deals).  That is one of the main reasons that Turnkey real estate investing became so popular.

There aren’t that many people out there that can say that they truly, genuinely enjoy the process of a real estate negotiation. It’s tedious, there are all these concessions to make, back-and-forth, and it might not even pay off.

For the inexperienced real estate investor, negotiating your first deal can seem particulary intimidating.

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Topics: buying a property, negotiation tactics

6 Essentials to Success When Buying Investment Properties

Posted by Chris Clothier on Sat, Apr 22, 2017


Buying real estate is an exciting, frustrating, and potentially
long process. For real estate investors, it’s also completely unavoidable.

We have to do it! If that’s the case, we might as well get good at it. There’s no use in fumbling our way through the process every time.

There’s also a ton of advice out there when it comes to buying properties. It can get very specific, especially when it comes to the financing!

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Topics: buying a property

I Bought My First Rental Property. Now What?

Posted by Chris Clothier on Sat, Feb 18, 2017

Congratulations!

You bought your first rental property. That’s the first big step towards building towards financial freedom. Hopefully, it was not just one property that you purchased, but a portfolio of multiple properties to help get you started in the right direction early.  Especially if you a passive investor.  More on that later.

You may be thrilled.  You may be excited.  You may even be a little apprehensive. There’s still a lot of work to be done. Buying a property is only the beginning of investing in real estate.

Even as a passive real estate investor, you have quite the road ahead of you! No matter if you’re investing locally or in a distant market, here are the next steps you for the best foot forward:

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Topics: buying a property

4 Clues That Your Investment Property Will Be a Winner

Posted by Chris Clothier on Thu, Jul 14, 2016

Debating purchasing a property. Weighing the pros and cons. Running the numbers. You wonder to yourself — is this property really right for my portfolio? Am I going to get the positive cash flow I want out of this? What if it’s a lemon?

Purchasing a new property can be thrilling. Exciting. It can also be a big source of anxiety! For new investors especially, the thought of a property not working out can be scary, but the idea is nerve-wracking even for seasoned experts.

When a property doesn’t pan out, sure, you can get rid of it, but there’s a lot of wasted time, money, and energy. It’s just a hassle and a headache.

If only there was a way to tell if a property was going to be a home run from the get go!

While there’s no magic trick to telling the future, there are some signs that can help you predict a positive outcome.

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Topics: buying a property