Negotiation Tactics When Buying a Home
In today’s real estate market, you really need to know what you’re doing. Interest rates haven’t been this high in decades, pushing most home buyers to the sidelines. It’s also sidelined sellers since they know fewer people can afford homes with such high interest rates. Often, sellers plan to immediately become buyers once they’ve sold their home since they need a new place to live. In doing so, they’d have to give up their (likely) low interest rate loan when they sell and take on today’s high interest rates when repurchasing. Again, since this is not a desirable outcome for sellers, even fewer people are putting their homes on the market.
That’s all to say that inventory and demand are low, bringing the market to a grinding halt. However, if you’ve been keeping a close eye on your local market this year, the few brave sellers willing to sell their homes have been dropping their list prices quite a lot. So perhaps, if you’re careful, you may actually be in a good position to buy a home now despite today’s high interest rate environment. Read on to find out how!
How To Evaluate Investments
Whenever I talk shop with another investor, I’m often asked how I determine if an investment is a good one. While the answer is very subjective and personal, I evaluate 5 specific things every time I decide to pour money into a new investment. Today, I share what those are with some basic examples.
Takeaways From My 1st Out-of-State Flip
At the beginning of the year, I announced all my financial goals for 2021, one of which was to start an out-of-state flipping business. By the end of January, I had already closed on my very first flip in the Dallas metro area! If you follow me on Instagram, you would have learned that I’m already done with the rehab, roughly 2 months later. So now that my property is listed for sale and I’m starting to think about completing my very 1st out-of-state house flip, I thought I’d share my experience, from start to (almost) finish.
My Top 9 Tips For 1st-Time Home Buyers
Having bought my 1st home at age 22 and after taking part in dozens of purchases over the years, I’ve been asked by so many people for tips to buy their 1st home. Depending on where you live, the market can be red hot where multiple offers and bidding wars are normal, leaving many of you wondering how to even compete.
In this article, I will talk about common dangers of being a buyer, how to navigate through those pitfalls, and some of my top techniques that I employ when I’m shopping around for a home. Even if you are an experienced home-buyer, many of the tips and tricks I’ll talk about in this article are applicable to buying any home, not just a primary residence.
Risks and Tradeoffs of Real Estate Investing
In my past post, 6 Reasons Why I Invest In Real Estate to Build Wealth, I talked about the many benefits of investing in real estate. However, it’s important to highlight the risks and tradeoffs, too. So what are they, and are you willing to accept those risks anyways?
Ways to Evaluate Rental Properties
There are many factors to consider when evaluating a prospective rental property. While it largely comes down to a numbers game, there are other factors that are important that math can’t highlight. In this article, we will learn about a few ways to quickly evaluate properties at scale, how I scrutinize a prospective property in greater detail, and list out other important factors that are crucial to building a successful buy-and-hold rental portfolio.
Investing In My 1st Triple-Net Leaseback Rental Property
Most investors have never heard of the terms “triple-net” or “leaseback.” For me, my 1st time investing in this niche area of real estate yielded a 58% return on investment (ROI) in just 2 years! So what are they, and why did I invest in such a deal?
9 Ways To Get Started With Real Estate Investing
Most investors I know park their money in the stock market. It’s arguably one of the best ways to build wealth, and it doesn’t require much cash to get started. Many of those same investors hear about the potential of real estate investing, but most of them don’t know how or where to get started. Luckily, there are many ways to dabble into the world of real estate investing nowadays, and they don’t all require large amounts of capital.
6 Reasons Why I Invest In Real Estate to Build Wealth
I know plenty of successful investors who invest entirely in the stock market and in no other asset classes, like real estate. On the other hand, I also know many successful investors (myself included) who have done even better putting their money to work in real estate. Consider the following 6 reasons why I include real estate in my portfolio and why you should consider it too.
Reaching Financial Independence in Silicon Valley With $10,000,000
Financial Independence, Retire Early, AKA the FIRE movement, has become a major theme among millennials this past decade, including myself. Shortly after you start reading about it, you’ll learn that FIRE means different things to different people. In this post, I’ll give my take on what FIRE means to me, why I think it’s important, and how I determined my FIRE number. That is, how much money one needs to reach financial independence and retire early.
Why I Decided to Invest in Out-of-State Real Estate
I live in San Jose, right in the heart of Silicon Valley, where median home prices exceed $1 million. Yes, $1 million. As a real estate investor, my primary focus is on cash flow. So if I were to buy a property in my local real estate market for a $1M price tag, I’d need to receive a hefty rent check from my tenant if I want to be at all profitable! Let’s dive into this conversation in more detail by using some rough numbers.