This is pretty amazing. I was looking around for some new ideas on how to finance additional rental properties, and I happened to find something that was pretty surprising….. …… that a monster-sized hedge fund – BLACKSTONE no less – has started offering financing specifically focused on rental property owners. Yeah. To say I was shocked was an understatement. I mean, Blackstone has been the bad guy as they hoovered up all the good deals…
Category: Rental Houses
Bad Tenants Suck
This is Captain Obvious reporting! Seriously – I really like being a rental property owner. And I really like most of my tenants too. But occasionally I get some clown who decides that they’re special and they don’t have to play by the rules anymore. Like paying rent on time. So I like to deal with these people quickly, because if I don’t they get worse. So if you have been following me for any…
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,…
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…
Pay MORE. Buy BETTER. Buy FEWER.
I just got into it AGAIN on my facebook page with someone else pitching cheap-ass properties in bad areas with Section 8 tenants as the Holy Grail for buy and hold investors. He came on my page with an unsolicited pitch for his properties, and then really got his panties in a bunch when I pressed him on his ROI “projections”. It’s an epidemic I think. More than just the flavor of the month this…
Step 6 To Buying Turnkey Rentals in Metro Detroit: Protect Yourself
There are three factors that you should be aware of when you look to buy rental houses here in the suburbs. Knowing these, and acting on them, will substantially reduce your risk as a rental house owner. The three factors are: 1. Never own a property in your name While I’m not an attorney, I recommend holding your rental properties in a Limited Liability Company, or LLC. If you and your property manager operate your…