There are many different business models and methods to grow your portfolio and “build the empire”. One of the more common ones that (if worked properly) are used is called the “BRRRR method”. Today we are going to take a closer look at it and try to iron out some of the pitfalls that can occur when using it. The BRRRR method is an acronym for:
In this article we are going to be covering something that seems to get passed over too often. The topic I am referring to is the realty investor ethos. The illusive concept that there is a quick dollar to be made after the commercial break is simply not real. We have to shift our thinking and understand t...
A common question for those that are thinking to delve into the world of being a first-time investor is "How will I get that down payment?" This is where EQUITY will come into play for you and why it is a good idea to get your own space to live in before trying to branch out into being an investor.
There is also no one size fits all plan, so if you...
I was recently invited to speak at a BNI (Business Networking International) meeting via zoom, to give a high level overview of what exactly the process is of hiring a professional licensed property manager for residential rental units. I have broken the video up into 6 parts of viewing and are as follows:
There is a gap in perception for many tenants that they don’t have a use for insurance. This might be from the belief that it’s very expensive, or that there is no benefit to the tenant or even the misunderstanding that the landlord’s insurance will cover them. Whatever the reason is, let’s take a look at what tenant’s insurance is and why it’s a g...
This type of evaluation is use quite commonly by those that are trying to oversimplify or by someone that just don’t know much about real estate. This evaluation is to take the price of the home, divide it by the size of the home and we have found the price per square foot. Voila easy as that! This however is usually quite inaccurate and while pric...