News and Information For Buyers And Sellers Rental Properties - 10 Cash Flow
What if you want better cash flow from
your rental properties? You can't just raise the rents arbitrarily.
If tenants leave, income goes down, not up. There are other ways,
though, including the ones listed below.
1. Install coin-operated washing machines.
Even if you don't have the money to do this yourself, you can
find a company that will do it for you, and share the income
2. Rent extra parking space. When I got tired of a... (more) Real Estate Success
Real estate success? It happens by way
of the many things you repeatedly do right, and it is your habits
that ensure they get done. Here are some habits to develop for
your real estate investing success.
Ask for people's names, and tell them yours.
People are your most valuable resource in real estate investing.
The more you know, the more likely you are to find good properties,
or buyers for your good properties. Get to know the right people
... (more) Mobile Homes Can Make You Wealthy
Does the myth that mobile homes depreciate
in value keep you from investing in them? Well, they do lose
value in a park, on a rented lot. Mobile homes with real estate,
however, are an entirely different investment.
My mobile home doubled in value in the
twelve years I lived in it. The home deteriorated a little (don't
all houses?), but the value of the land continued to rise. Also,
by renting rooms, I took in far more money from my home than
it... (more) Sell Your Real Estate Notes
People sell real estate notes to raise
cash quickly. A real estate note is just the loan document created
when you financed the sale of your house or investment property.
It could be a mortgage note, or a land-contract or contract-for-sale.
The point is that the buyer is making payments to you, and you
want to cash in.
You can sell the entire contract, or just
a certain number of payments if you want. The buyer of your property
will have... (more) Make Your Own Real Estate Investing
Have you ever ordered a real estate investing
course off of a late night infomercial? Was it just what you
needed? I hope it was, but more often, there is a lot of information
there that just doesn't help. It isn't that the information is
necessarily incorrect. It is just that we all are different,
and not all ways of making money in real estate suit each of
Fortunately, there are hundreds of variations
based on dozens of basically... (more) Do Your Own Home Inspection
Is there any good reason to do your own
home inspection? How about to get a better deal. Every flaw you
can find is a negotiating point. You don't have to learn building
codes, and you probably should use a professional inspector in
any case. The point of learning what to look for is to protect
yourself and get a better deal.
Home Inspection - Use A Checklist
A good home inspection checklist, keeps
you from forgetting things. I have more than a... (more) Losing Money In Real Estate -
A True Story
What if you were able to buy a decent two
bedroom home for about $30,000, fix it up a little and put it
on the market for $80,000? Do you think you could make some money
that way? This is the story of a man who lost it all that way,
followed by a few lessons to be learned from his sad tale.
The story takes place in 2002, in a mountain
town in Montana, where the last of the good jobs had left town
twenty-two years earlier when the copper smelter closed. It... (more) Buying In The Path Of Growth
Buying in the path of growth, you can make
a large profit in a year or less. But get the timing wrong, and
you might have to sit on a property for years without sufficient
income to cover your holding costs.
There are reasons why towns have to grow
in certain directions. Sometimes it is a matter of geography.
It is difficult to put new buildings on the sides of steep valley
walls, or out into a lake or ocean. Sometimes it is a matter
of available... (more)