I found a great article by Denis Kleinfeld on the Moneynews.com website that talked about real estate as an investment vehicle and I wanted to pass it along. Here’s the piece: I know that many people are unhappy with the way their money managers have been handling their investment portfolio. This becomes readily apparent to me every time I sit in one of those meetings between the client and their investment advisers. The meeting pattern…
The Landlord Suicide Squeeze
The suicide squeeze is one of the most exciting plays in baseball. It happens when there’s a runner on third who takes off toward home when the pitcher starts his motion, expecting the batter to make some sort of contact with the ball and put it in play, thus scoring a run. Except for trying to steal home outright it’s also the riskiest play in baseball. I was with a couple of buddies this afternoon…
Stock Market is Now DOWN for the Year. What’s in YOUR Wallet?
It has been a pretty good ride, hasn’t it? I mean, since the dark days of the “great recession†when the DOW bottomed out at 6443.27 on March 6, 2009, the market has gone pretty much straight up. Remember those guys in the office that spent all day with a browser window open to their E-Trade accounts so they could “trade†their mutual funds? They were all over the place before the DOW tanked. They…
Beware of Professional Tenants!
I have to say that one of my biggest fears about being a rental property owner is running into a “Professional Tenant”. A “Professional Tenant†is a someone who knows the rental laws cold, knows the system, and therefore knows how to work the system†by taking advantage of pieces of the law to live rent free. Sometimes indefinitely. They can cost you several months of rent and thousands of dollars in legal fees before…
REITD 015: Kelly Brittingham – COO, Property Manager, & Full Time Mom
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In this episode I talk to Kelly Brittingham. Kelly started her real estate investing business with her Husband Todd in 2009 with their first investment in a single family rental property. Since then she has completed over 40 real estate transactions. Her investments have included single family rentals, lease options, wholesales, fix & flips, turnkey rental properties and most recently they have focused their business on building new homes. In the midst of all of…
Landlord Friendly Financing? Seriously?
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…