How to Invest Money: What You Need to Know to Get Started

Making investment decisions can be a scary and overwhelming process. We are constantly bombarded with conflicting information about the market. One moment everyone’s excited, and a few hours later they are all disappointed. We hear that investing is inherently risky, but also that it's the clearest path to wealth. And then there's the alphabet soup of investing lingo, from IRAs to ETFs. So just how are you supposed to feel … [Read more...]

How I Calculate My $6,000+ Per Year Rental Property Cash Flow aka Net Operating Income

It’s time once again to do our annual rental property cash flow analysis, aka calculate our Net Operating Income (NOI). To see previous years, see the link at the bottom. If you're like me and you have a rental property it's wise to do an annual analysis to see how well your property is performing. I perform this quick exercise once a year and it helps me make decisions about the future of my rental property. Should I get more … [Read more...]

6 Ways to Invest in Real Estate (from $10 to $100,000)

[PT's note: This comprehensive article was contributed by Eric Bowlin from IdealREI.com. I first heard Eric on this Bigger Pockets episode. He lives here in Texas with me now and we regularly get together for lunch and talk real estate and business. Here's Eric....] It’s remarkable to see how real estate investing can create so much wealth. You see it everywhere--TV, the web, or your friend who randomly decided to flip a house, it … [Read more...]

Invest in Real Estate for as Little as $1,000 [RealtyMogul Review]

  Several years ago, my husband and I decided to add "real estate moguls" to our resumes. Homes in the small college town where we lived were affordable. Also, rental prices were high and we could count on graduate students as potential tenants. Buying a rental property seemed like an excellent way to grow our portfolio and our wealth. Unfortunately, we quickly hit a number of setbacks. Qualifying for a loan on a rental … [Read more...]

Fundrise Review: Commercial Real Estate Investing for Everyone

  Traditionally, there were only two ways to invest in commercial real estate. You could get started for a (relatively) low financial investment if you personally maintained the property. Or you could invest a major chunk of change into real estate development as a form of passive income. But neither of these options allowed the average Joe with a day job to invest a modest amount. Without time or serious money, real estate … [Read more...]

4 Real Estate Crowdfunding Sites to Add to Your Investing Portfolio

  As many wealthy investors can tell you, real estate is a solid investment that can provide annual income as well as long-term growth. Unfortunately, buying real estate also requires quite a bit of upfront capital, as well as time, energy, and money for maintenance. Plus there is the risk of finding and keeping good tenants. Thankfully, individual investors no longer have to save up hundreds of thousands of dollars or … [Read more...]

My $10,000 Real Estate Crowdfunding Experiment with PeerStreet [Review]

  Are you an accredited investor looking for a way to get involved in real estate investing without actually owning and managing a piece of property yourself? I have my own rental property (pictured to the right), but I can't imagine taking on another one at this point. And the turnkey stuff either seems shady or too involved. So I've been looking at all of the various options, and asking some friends. Coach Carson, author … [Read more...]

How I Raised the Rent on Our Rental Property without Being a Mean Landlord

This past year we lost a long-time tenant. Sad. While we were bummed to lose them. The change gave us the opportunity to raise the rent and improve the monthly cash flow. We were able to increase the rent on our rental property by $300 - from $1,875 to $2,175 per month. That’s quite a jump. But it was necessary to keep up with rising property taxes and the increased demand for the unit. It's good practice to raise the rent, it … [Read more...]

What to Do If Your Tenant Breaks the Lease

Sooner or later, you're going to get the dreaded notice from your tenant that they have to break the lease. No matter how much you prepare, it's usually not fun to stop down and turnover a rental unit ahead of schedule. But there are some things you can do to minimize the pain, both before you even sign with the tenant and after you find out they are breaking the lease. Let's explore this topic together...be sure to leave your helpful comments below. My tenant … [Read more...]

The Very First Thing You Have to Do When Getting Into Real Estate

You can invest in the stock market without meeting or knowing a single person. You can research, buy, manage and sell your equity investments online in the comfort of your own home. Unfortunately, you cannot do so with real estate. If you want to be a successful real estate investor, you need to embrace and master the art of networking. Building, managing, and using your real estate network is so important, that I believe it should be the first thing you learn … [Read more...]

Are Property Managers Worth Their Fees?

Ask yourself a few questions before deciding to hire a property manager. Whether you are an accidental landlord or if you planned to become a residential real estate investor, someone will have to manage your property. Who will find you new tenants when yours move out? Who will handle complains about leaky faucets in the middle of the night? Who will handle tenants who do not pay rent on time? You, the homeowner, could handle all of these things yourself, of … [Read more...]

[Warning Landlords] Don’t Forget Depreciation Recapture

“Lay up your treasures in heaven where there is no depreciation.” --Unknown The very first time I bought a house, I had this grandiose idea of being a flipper. This was long before television channels like HGTV could convince you that you could be a real estate mogul. I had been suckered into purchased a course on real estate investing by Russ Whitney, and it was going to be easy peasy to make my riches off of real estate. I found a VA foreclosure in a good … [Read more...]