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Showing posts from December, 2018

The Beginner’s Guide to Buying Rental Properties (A Case Study)

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One of the primary objectives of my real estate business is to acquire income-producing rental properties that ROCK. What makes a rental property “rock” you might ask? It doesn't necessarily need to pump millions into my bank account each month, and it doesn't need to be a “no money down” deal either (although either of these things would certainly sweeten the pot). To put it simply, a great rental property is one that makes every one of my investment dollars work hard . I want every penny to work overtime, producing as much revenue as possible while simultaneously paying off any debt associated with the property. When you buy properties with this goal in mind, there is basically no limit (mathematically speaking) to how far you can grow your net worth and personal income . The Problem When I first got started as an investor, I spent a lot of time trying to find these types of properties. I remember spending  hours upon hours  scanning my local MLS listin...

The Beginner’s Guide to Farmland Due Diligence

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As I've started investigating farm properties on a deeper level, I've been surprised (though, I probably shouldn't have been) to learn that there are a lot… and I mean A LOT of different components that can affect the value of a piece of farmland – for better or worse. In this blog post, I'm going to show you the full list of things I look for when I'm evaluating a piece of farm ground for purchase. Disclaimer: This list doesn't cover every possible variable, but in the many hours I've spent evaluating farm properties, I believe this touches on the majority of things that matter. Nevertheless, don't look at this as the ultimate , authoritative list. Make sure you understand what unique variables are at work in the areas where you're looking (because some of these things matter a great deal in some geographic areas, while some of them matter very little in others). What Influences the Price of Farmland? Farmland values can be affected by all kind...

031: How Brandon Turner Became a Powerhouse Influencer in the Real Estate Space

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If you've spent any time searching for free real estate investing education online, you've likely stumbled across BiggerPockets along the way. BiggerPockets is BY FAR the biggest single website for real estate investors today, and  Brandon Turner  is arguably the most influential voice behind this online platform. In this episode of the REtipster Podcast, we chat with Brandon about his rise to the top and other interesting tidbits like: What he's all about and what makes him tick. How he and Josh Dorkin were able to grow BiggerPockets by 10x in a few short years. The one skill that has made Brandon the best at what he does. Who has had the biggest impact on Brandon's professional development. An overview of the BRRRR strategy and “The Stack”. You can see our interview on YouTube here as well… Links and Resources Mentioned: BiggerPockets Real Estate In Your Twenties SmartPassiveIncome.com Real Estate Guys Radio Gary Vaynerchuk Grant Cardone Perry Ma...

How To Win Clients And Influence Markets with QR Codes

15 Creative Gift Ideas for the Real Estate Pro in Your Life

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It's that time of year again. When we judge our friends and loved ones based on the quality of the gifts they give. If you're looking for some creative gift ideas that show how well you know, love and care about the special people in your life, we've pulled together some solid options for you! Below, you'll find a list of 15 brilliantly innovative gadgets and tools that ANY real estate professional would be crazy not to love. Get those credit cards ready! 1. Methven Rua Showerhead Saving water is always an admirable cause… but what be good to the environment  without feeling like you're showing under a faint trickle of water? The Methven Rua Showerhead uses patented technology that gives better coverage than most low-flow showerheads – and it looks pretty cool too! It's definitely not the cheapest showerhead on the market, but the best products usually don't come cheap. If water consumption is a concern in your area and you want something that pe...

Should Landlords Include Utilities with the Rent? 10 Surprising Pros and Cons

No one likes paying utility bills. Your tenants are no exception, and many would welcome more stable, predictable expenses every month. But is it worth the headaches and risk as a landlord to include utilities in the rent? Like every decision in property management, and in life, there are pros and cons. Before deciding whether to include the utilities in the rent, weigh the following five risks and downsides and five reasons it may be worth your trouble after all. Cons: Risks & Drawbacks of Including Utilities Why shouldn’t you include utilities with the rent? Make sure you understand these five risks before moving forward with utility-inclusive rents! 1. The “All-You-Can-Eat” Mindset When people don’t have to pay for consumption, they consume more. We human beings are greedy like that. It’s true for all-you-can-eat buffets, all-you-can-drink booze cruises, and — you guessed it — utilities when they’re included in the rent. Why not take a 15-minute shower? The landlord’s p...