Crazy. Not just garden variety crazy. Nope. I’m talking batsh*t crazy. I got an email yesterday. From another crack smoking clown, who doesn’t even live here, peddling turn key properties here to unsuspecting investors out of state and out of the country. This guy has made a career out of shoveling crap Detroit properties with section 8 tenants out the door by the truck load. But now his game has changed. His email yesterday was…
Category: Cash Flow Real Estate Investing
How to buy a $1 million home for $1,900 a month!
Seems like all the interesting news is coming out of Southern California these days. This time, it’s about our old friend, the interest only mortgage. Never mind the fact that this was one of the chief contributing factors in the housing crash just a few short years ago. Times are good and money is cheap, so hey! Lets get the party started. The article is from the Dr Housing Bubble Blog. A link to the…
Housing Inventory – Rising?
Interesting article out of Southern California recently. They’re looking for housing inventories to rise. And it some cases it looks like it’s already starting to happen. One person wrote from San Diego: “Lots of houses are coming on the market now where I live in San Diego. The most I’ve seen in years but they are all listed at the highest prices I’ve seen since the crash. The prices are not dropping one bit either,…
Victims? Hardly. Because Tenant Screening is CRITICAL!
So help me understand how this happens. You have a house. You want to buy a bigger one. You do. But then you can’t sell your first house. So you decide to rent out your first house. Lots of people are doing it. So far, so good, right? And actually it is. Right up to the point where you decide NOT to do a proper background check on the tenant prospects.
Are You Rejecting Tenants? Then STOP!
This is a post I received from MrLandlord.com on tenant screening. This is the best idea I have heard yet on how to handle the potentially touchy subject of tenant prospect rejections. If you’re not already on his mailing list you can do so by going to his site here: http://www.mrlandlord.com/7/index.html DO NOT REJECT ANYONE! The same successful landlord who last week encouraged us to AVOID THE DRAMA, also recently revealed his method for how…
Choose Wisely! Because Location Matters.
I wrapped up the sale of one of my apartment buildings a couple of weeks ago. Part of that process involved meeting with one of the city building inspectors, as I was in the middle of my second bi-annual rental property inspection per their ordinance when we closed. The process went smoothly, and I was (again) pleasantly surprised by how down to earth and practical the building department was to deal with over the term…