Earlier this week we talked about how to know which properties to buy when flipping houses (check it out here), but how does it vary when looking for rental properties? There are some criteria that are universal when house shopping, but there are differences in how you look at the numbers for evaluating the investment quality of a house. Here is what we look for in rental properties: Let's start with things that are the same as flips... The Market One of the biggest risks in

When building or renovating your own home, you may put in a lot of time shopping at every store possible to find the exact tile that you fall in love with at the absolute best discount price. However, when it comes to investment properties there just isn't time for that, especially as you take on multiple properties. Your shopping around may save you a few bucks here and there, but it takes a lot of time. When real estate is a business and not your one time renovation your ti

One of the best things I've ever done was to tell Bryndee we should do the work on our first home ourselves. We had just bought an old duplex that was super run down and heavily smoked in. We had about 3 weeks to completely renovate both units before both us and our new tenants were set to move in. It was going to be "easy," all we had to do was rip out and replace the old carpet, paint both sides, redo the kitchen and bathrooms, and install new laminate flooring. Seemed doa

With so many different houses out there it creates opportunities for investors to choose a variety of strategies in which properties they will or will not pursue. For us, we have come up with basic criteria that works for us (I’ll share that criteria with you here in a minute). Before we even get into that though, keep in mind that everyone has different criteria depending on what they are most comfortable with, so before even searching for properties I would recommend sitti

Welcome to our Common Questions Series! Every day this week we will be tackling the most common questions that we get from people interested in getting started in real estate. Follow along to get the scoop! One of the big questions we hear over and over again is how do we pay for our properties? The answer is… we are secretly loaded and inherited millions of dollars so money isn’t an issue. If you can figure out how to do the same, you’ll be set. Good Luck! Ok I’m totally kid

I love to shop. Shopping and spending money should be easy--people want our money, right?! But what about when you are looking for a good deal? And it is Black Friday and you are waiting in line for hours and racing 50 other people for the ONE TV that is on sale? That’s about how real estate shopping feels like when you are an investor. Sure there are hundreds or thousands of properties for sale in one city, and if you are a “retail buyer” (aka shopping for a home to live in)