Here’s a news flash – being a landlord isn’t rocket science. Seriously. It just ain’t all that hard to own rental properties and make money at it. With very little work on your part. Actually – to be precise, it ain’t all that hard IF you do two simple and pretty obvious things. And that’s to heed the Two Critical Success Factors for owning rental properties. That’s all it takes. Seriously. If you simply heed…
Category: Real Estate
I Have a Secret…
Yep. I have a secret. Something that I’ve never told anyone. But I have to come clean. What’s the secret? Well, I have a tenant in one of my houses. They moved in right after I bought it in the fall of 2006. They’ve been with me now for seven and a half years. The secret is that I haven’t raised their rent one dime since they’ve been living there. That’s right – they’re paying…
Not All Detroit Suburbs Were Created Equal
Crazy. Not just garden variety crazy. Nope. I’m talking batsh*t crazy. I got an email yesterday. From another crack smoking clown, who doesn’t even live here, peddling turn key properties here to unsuspecting investors out of state and out of the country. This guy has made a career out of shoveling crap Detroit properties with section 8 tenants out the door by the truck load. But now his game has changed. His email yesterday was…
How to buy a $1 million home for $1,900 a month!
Seems like all the interesting news is coming out of Southern California these days. This time, it’s about our old friend, the interest only mortgage. Never mind the fact that this was one of the chief contributing factors in the housing crash just a few short years ago. Times are good and money is cheap, so hey! Lets get the party started. The article is from the Dr Housing Bubble Blog. A link to the…
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,…
Landlords Score Twice!
Cheers! It’s time to celebrate! We just received some INCREDIBLE news this week. And not just one, but two major stories, coming out of two news organizations. The first story was in Bloomberg, and the title screamed “American Dream Slipping as Homeownership at 18-Year Low” I won’t bore you with a lot of the meaningless blah blah blah that bogged down most the piece, but I will tell you that the icing on the cake…