There are many ways to evaluate deals in real estate, but one of the quick and simple rules of thumb is the 1% rule, which states that the monthly rental income of a property should be at least 1% of the purchase price. Example Suppose there is a property that is selling for $150000 that Continue reading

One of my recent visits to my future triplex was a cat-astrophe… Terrible cat puns aside, I wanted to give you all an update on my purchase of a triplex fixer-upper — the good and the bad. Overall, the process has been going smoothly (fingers crossed!). I’ve created my LLC. I’ve submitted all of the Continue reading

In my previous post, I wrote about some common ways that investors valuate real estate investments. In this post, I want to add some of my personal experience in how I choose investments. My overall strategy is to identify properties that are listed at a discount, which often need renovations or repairs. Fixing up a Continue reading

How do you know when you’ve found a “good deal” when looking at investment properties online? I wanted to take some time to discuss different valuation methods for investment properties that investors use to determine whether a certain deal is worth pursuing. Three common deal analysis calculations for real estate investments are CAP rate, Cash Continue reading

My new beginning started exactly two weeks ago, when I signed the purchase agreement for my first investment property. And it feels unreal. This purchase had been in the making for about two months (two years really), but it’s one thing to think about buying a rental or just do research on YouTube and BiggerPockets Continue reading