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legal: The Absentee Landlord Part I - How to Retire Within 18 Months to the Destination of Your Choice - 04/26/09 02:23 PM
Part I: Introduction, Defining Destination & Budget Goals, and Becoming an Absentee Landlord
Whether you're a landlord, a real estate investor, or just a regular wage slave looking to escape the drone-like existence of 9-5, most of us have daydreamed about living on a tropical island somewhere sipping pina coladas and having income wander its way into our checking accounts.
What if you could live off your lease income alone? What would that take? What would it look like? No, it's not a get rich quick scheme, or some kind of snake oil I'm trying to sell, but merely a … (5 comments)
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legal: How to Buy Real Estate Investment Properties at Foreclosure & Other Auctions - 10/27/08 02:52 PM
A lot of people talk about buying real estate for a steal at foreclosure auctions, and most of them have never actually done it. From someone who actually has, here are a few tips.
Tip Number 1: observe a few auctions before bidding. On the most basic level, you’ll need to understand the procedures; showing proof of funds for deposit, understanding what they're talking about in the legal description, etc. Beyond all that, though, there’s a rhythm to auctions, and you need to get a feel for it.
Tip Number 2: Be prepared. Would you go bid on a … (2 comments)
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legal: Real Estate Investment Strategies – Part III - Cash Flow - 10/02/08 11:30 AM
Some real estate investors are interested, not in a one time payout (now or in ten years), but in earning a consistent, monthly income from their properties. Who hasn’t daydreamed about living solely off of their investments, off of passive income? It’s a tantalizing dream, and one I intend to make a reality. So where does one start, on this journey from working for a lousy wage to earning income while tanning on a beach? Start from the following concept: maximizing cash flow, specifically maximizing the cash flow from each specific property. Because, as we’ve seen, landlords are targets … (0 comments)
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legal: Long Term Real Estate Investment Strategies – Part II - 09/18/08 04:37 PM
In some ways, long term real estate investment is easier than short term investment, because landlords remain somewhat immune to periodic spikes and dips in the real estate market. They also have a longer period to recover costs and allow the property to appreciate, if their expenses goes over budget.
That all being said, there are certainly plenty of pitfalls for landlords and other kinds of long term investors. Lawsuits are constant threat, since the ownership exposure is so much longer, and tenants love to sue landlords (see here for Landlord Legal - How to Protect Your Real Estate Assets). … (3 comments)
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legal: Real Estate Investing Strategies - Part I - Short Term Investments - 09/02/08 04:12 PM
Real Estate Investing Strategies
People who invest in anything, whether it’s real estate, commodities, futures, etc., all have different financial goals. Some investors look for long-term profits, others look for short-term gains, still others try to create cash flow. Here’s a brief look at the investing strategies associated with each, in several installments, starting with short term real estate investing.
Short Term Real Estate Investments: Contract Flipping or Renovation Resales
So, you want to invest in real estate and get paid within, say, six months. There are really two avenues available to you: flipping real estate purchase contracts and … (5 comments)
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legal: Real Estate Legal Protection - A Must-Read for Landlords - 08/20/08 07:19 PM
Introduction
The market is soft, so you might be thinking now’s the right time to buy a rental property and hold it. And you’d be right, it IS a good time to buy and hold, but there are a few things you should know before writing any big checks and diving in headfirst. Here are few ways to protect yourself from litigation and other legal issues related to real estate and being a landlord.
Legal Protection Strategy 1: Real Estate Ownership Type
All too many smart people make an easy mistake when they first start buying real estate as an investment: … (1 comments)
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legal: Landlording 101: Real Estate Investment and Property Management - 08/10/08 06:29 PM
Introduction
So! You're ready to progress beyond home ownership, and build your real estate empire. Where to start? Well, here, not to put too fine a point on it. This tutorial will be basic, but will get you started with some fundamental concepts.
Step 1: The Property
Ready to start playing hardball? Then you need to start by answering a tough question: How much can you afford? Keep in mind that there will be some months when you have to carry the property while it's vacant, so make sure you’re playing with extra monthly income as well as money … (3 comments)
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G. B. Davis
Towson,
MD
More about me…
Hyperopia Investments
Email Me
Real estate investment is scary. Ok, not really, but that's where the blog comes in. An inside look at investing, property management, being a landlord, and avoiding the not-so-fun stuff like, say, getting sued.
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