When you're new to real estate investing, there are many different variables that make submitting bids and purchasing a house a bit intimidating. When you mix in the fact that you need to put down a deposit (earnest money deposit), this makes the process even more anxiety filled. However, two protections that are often included in all sales contract, even when the property is sold "As Is," are the home inspection and financing contingency. This video post will go into more detail on how…Continue
Added by AffordableREI on June 21, 2014 at 12:22am — No Comments
I have used pre-pay legal services over the past year, and I definitely recommend their services! Although there are many positives, there are also draw backs. What I want to focus on in this video - do you get the quality you need from such a small fee/yearly fee? Let's discuss!
Added by AffordableREI on June 2, 2014 at 8:04am — No Comments
Today we have audience questions to answer:
- For leveraged properties, when do you decide to pay them off?
-How are you financing your properties
-Should I go expensive, mid tier, or low tier in a working class property?
-Quick rule of thumb for identifying a market you like?
Added by AffordableREI on May 25, 2014 at 11:34am — No Comments
Here are the Audience Questions For today's Educast:
Would You Be A Mentor and Do A Walk Through On My First 2 properties?
How Long Before You Invested In Your First Rental Property?
How do you complete an "As Is" Contract As a buyer or seller?
How Do You Find A Good Property Management when You can't go to local REIA Clubs and you Live abroad?
Great question guys! I answer them to the best of my abilities and knowledge, and I always welcome…
Added by AffordableREI on May 21, 2014 at 8:27pm — No Comments
******Come and see me in person at the REI EXPO in Washington DC May 17th and 18th. President Ryan Harper is giving 25% to the Affordablerei audience, in addition the chance to speak to money lenders
To purchase tickets, go here:
Enter PROMO25 to get the 25% discount. Life doesn't get much better than…
Added by AffordableREI on May 18, 2014 at 3:36pm — No Comments
**Audio Only****25% Discount**
Here I am interviewing with Ryan Harper of REI EXPO taking place in Washington DC May 17t-18th. As I mentioned before, not only did Ryan offer to let me speak at the EXPO, but he also wanted to come on the show and share why the expo started, what its goals are, and what he would like everyone to who goes there to do to get the most out of it. I am extremely excited, because he definitely sparked my own ideas for going there (and they deal with…
Added by AffordableREI on May 15, 2014 at 8:31am — No Comments
This is part 2 of the series, "I'm not going to live there so I'm not going to pay for ______." From biggerpockets. View original article here:http://www.biggerpockets.com/renewsblog/2014/05/11/upgrades-vs-home-improvements-low-income-rental/
As new investors, especially in low income neighborhoods there is a mindset that some people suffer from called the "I'm not going…
Added by AffordableREI on May 12, 2014 at 4:33pm — No Comments
I am excited about this blog posts, and I am going to show you a break down of the renovation costs for the two most recent rental properties. I was told in conversation with an audience member that they would like to see this, so I am EXTREMELY excited to give you guys exactly what you want! I am more than happy to help you with this, and if this can give you some sort of goal to obtain for savings/costs, then wonderful.
Keep these things in mind:
Maryland home was…Continue
Added by AffordableREI on May 11, 2014 at 5:29pm — No Comments
BiggerPockets Reblog! View original article here!
This is part 1 of the series, “I’m not going to live there so I’m not going to pay for ______”
As new investors, and especially in low income neighborhoods, there is a mindset that some people suffer from. It’s the “I’m not going to live here” mindset. There can be times when it…Continue
Added by AffordableREI on May 11, 2014 at 5:24pm — No Comments
Added by AffordableREI on May 9, 2014 at 6:02am — No Comments
Another amazing interview, filled with a great perspective of someone who does inner-city investing, and we got even more in depth. Al Williamson first started off in a triplex with his new wife in a revilization zone. After getting his feet wet with that, we are going to delve into how he moved into his first 8…
Added by AffordableREI on March 15, 2014 at 6:51am — No Comments
Hello! This is another interview with Loan Processor Kwasi Jenkins. We'll share with you today how the new Dodd Frank Rules are stopping or helping mortgage lending, why you would want to file single instead of jointly, and what reserves you may need for your rental properties, This is very informative for new or experienced investors, because…Continue
Added by AffordableREI on March 4, 2014 at 12:53am — No Comments
As you all know, I have a previous post on being cautious about doing the current coaching programs as seen by the "gurus," as I saw more sales than value. Today, I am discussing the concept of fully vetting a potential mentor, and what to keep in mind from both your point of view, and the viewpoint of the person who is…
Added by AffordableREI on March 1, 2014 at 1:08am — No Comments
Please join us today as I talk with Sharad M., of Max Properties LLC. Sharad has been buying and renovating houses for the last 4 years, and in life and in real estate, has acquired a vast amount of insight, wisdom, and success. Please enjoy as we discuss Sharad's ability for him and his wife to decide to live off the lowest of the…Continue
Added by AffordableREI on February 26, 2014 at 9:32am — No Comments
How should you decide how "nice" to improve a rental? Here's how I determine it, using something I call the "Coziness Factor."
Added by AffordableREI on February 23, 2014 at 11:48pm — No Comments
You guys know I feel that banks are a last resort! Well, let me tell you one more story if you haven't gotten the point they are more likely to tell you No, than Yes.
Added by AffordableREI on February 22, 2014 at 1:33am — No Comments
This is a tip that I used when searching for lower priced properties. I use a really good local realtor website rather than the national mls. For some cities, I use these sites exclusively (Baltimore, RIchmond). These sites are easy to find in google, and offer lower priced homes that don't always come up on ZIllow, Realtor.com, etc. And, don't forget to…
Added by AffordableREI on February 18, 2014 at 11:45pm — No Comments
Today I would like to share with the BiggerPockets audience a systematic technique I use to vet low priced/high cash flowing neighborhoods:
The Leveraged Analysis Technique.
This process leverages the available resources so we can find safe Working Class Neighborhoods (WCNs), as well as cut our search time in half by not wading through…
Added by AffordableREI on February 18, 2014 at 3:03am — No Comments
Added by AffordableREI on February 11, 2014 at 11:05pm — No Comments
http://www.biggerpockets.com/renewsbl... It seems that the mainstream discussion about depressed housing seems to have one broad brush strokes on all depressed housing (priced anywhere from 15k-45k), as if every neighborhood in the country has the same characteristics.
And despite the fact that we say the truism…
Added by AffordableREI on February 9, 2014 at 11:31pm — No Comments