Why rentals are better than assignment fees

Why rentals are better than assignment fees   I read a great social media post this morning. It was from an investor who was writing to explain why long-term rentals are something wholesalers need to consider when they get houses under contract. And to support his position, he went through the numbers on a recent deal.   (Now, I went back to try find you the post so that I…

Time is money more than money

Time is money more than money   When I was first exposed to real estate investing, I was working for an investor down in Atlanta on his rehab crew. The guy’s name was Andy, and he had two of my friends and me doing everything on his rehabs that didn’t require a license, along with some stuff that probably should have. It was great for me. I was getting to…

Don’t get emotional when making an offer

Don’t get emotional when making an offer   If you read the title of this column, you probably already gathered that you shouldn’t get emotional when making an offer. And that’s true — when you get emotional, you tend to make a bad deal.     I’ve seen this concept play out in many ways. A newer investor will overbid on property. And since they’re excited about doing their first…

How we handled our rent increase

How we handled our rent increase   Last week, I talked to you about the increased property maintenance costs landlords are facing on their rental properties. We showed how some repairs are now costing 50% more than they did just a year ago. And we also talked about how price increases are prevalent on both property taxes and insurances. I concluded by showing you how landlords have no other option…