We’re taught that we should never underwrite a commercial real estate deal based on future performance—but always on current performance. This is great advice, but sometimes it doesn’t match reality. Here’s an extreme example to make my point: What if you’re looking at an empty 10-unit apartment building? Technically, the net operating income (NOI) is actually …
Why is organization in your landlording business so important? Let’s dive into three major reasons. The 3 Benefits of an Organized Landlording Business 1. Freedom Being organized is not about rules, it’s about freedom. The freedom to relax when you are away from your desk. The freedom to enjoy your work, knowing it’s all getting taken care …
I see a major shift in the real estate market as we become even more of a renter nation. Why is it happening? Is there a silver lining to this economic cloud? According to the U.S. Census Bureau, American homeownership plunged again in 2017 to its lowest rate since 1965. After the peak of 2004, when around …
Although using private money is a smart way to invest in real estate without using your own cash, it’s not a perfect solution. Let’s explore some of the risks of using private money, so you’ll get the full picture and decide if this is an avenue you want to pursue. 4 Risks and Drawbacks to Using …
A younger person recently asked me, “After 30 years of real estate investing, what would you do differently?” It’s a pretty good question, and it really made me think. At first, I was thinking like Frank Sinatra that I wouldn’t change a thing because “I did it my way.” I quickly woke up and realized …
This is the story of how to add $1M to your net worth in 5 years by purchasing a 21-unit apartment building at fair market value, raising the rents by just $100 per unit and controlling costs. When I first got started with real estate investing, I chose to flip houses. I felt like I …
Think it’s a pipe dream, putting half of your after-tax income toward investments? Then you’re not thinking hard enough. Investing in real estate costs money. The more money you can put aside to invest, the more you can potentially earn in returns. And ultimately, that’s the goal: creating financial freedom by making more money. So …
reiwa.com’s latest real estate analysis of the Kwinana-Rockingham local area, which comprises 27 suburbs*, is based on the four week period to 22 February 2016. During this four week period, overall reported sales lifted 34 per cent to 259 sales across land, units and houses. Sales activity and property for sale While overall sales increased …