In the world of commercial real estate, the Letter of Intent (LOI) plays a crucial role in initiating and formalizing negotiations between parties involved in a potential transaction. It serves as a preliminary agreement outlining the key terms and conditions of the deal before a formal contract (PSA – Purchase & Sales Agreement) is drafted….
Real estate investment can be a tremendous wealth builder, but it’s essential to understand the various operating expenses associated with property ownership. Operating expenses, in particular, are a crucial aspect of real estate investment, as they directly impact your bottom line. In this blog post, we’ll explore the different categories of operating expenses and how…
Hiring a property manager can be a game-changer for landlords, it will offer a range of benefits that make your life easier and your investment more profitable. But it’s critical that you are also managing your property manager. In this blog post, we’ll explore five ways having a property manager can simplify your life. As…
Analyzing real estate deals isn’t particularly hard, you just have to know basic math and have some information about the property. Today I want to share with you how I use my 5 minute deal analyzer method on a property to determine if it’s worth a deeper look. Here are a few things to keep…
Let’s dive into a discussion on the essential real estate investing terms and definitions every investor should know and understand. Whether you’re a seasoned pro or just starting, understanding these terms is crucial for making informed investment decisions. Let’s get started! Why It’s Important to Know Real Estate Investing Terms Real estate investing is a…
In real estate ‘Rules’ might be the wrong word, these are essentially guidelines. But like in anything else, sometimes rules are made to be broken. This will give you a point of reference and can help you in quickly evaluating a property and determining if it’s worth a deeper dive. 50% Rule Unless you know…
Congratulations! You’ve successfully navigated the initial steps of real estate investing by finding a deal and having your Letter of Intent (LOI) accepted. Now, the next crucial step is to figure out your capital stack and secure financing for your multifamily property investment. Financing commercial properties, particularly multifamily properties with over five units, differs significantly…
Are you afraid of failure? Don’t let that hold you back! Having a positive mindset can help you overcome many obstacles. Do you approach new things with a positive attitude? When it comes to new things are you more likely to think, ‘I can do this’, or ‘I hope this works out’. Most people would…
So, you’ve been binge watching real estate shows on HGTV (Good Bones, Flip or Flop, Property Brothers, etc) and decide, ‘I need to buy some rentals, how hard could it be’? That’s great! It’s really not hard, but first a reality check, it’s not easy to find real deals, rehabs are expensive, building a network…