Estimating Expenses on Single Family Rentals

I had another great question come up from a friend of mine.  "I use  40% of Gross Income as my Total Expenses (taxes,insurance,repairs,vacancy,etc) not including mortgage and in my case, management fees since i manage the properties myself.  Am I on the lower or higher end of it? How do you guestimate your total expenses? [...]

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Should a beginning investor buy a multi-unit property?

Question: “What is your feeling about multiplexes for someone just starting out? Answer: “I think for people that are starting out in general, I would recommend single family homes. The advantage of multi-unit properties is you can hopefully buy it for less money per unit than you would have to pay for a [...]

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What do you do when the banks won’t lend you money?

It seems that just about every investor I talk to is looking for more money. Here’s a question that came up… Question: “I want to buy a property, but I can’t get the money. What do you do when the banks won’t lend you money, and you don’t have cash to work with?” Answer: [...]

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How much money do you make while you’re sleeping?

When you invest in cash flow properties, the name of the game is passive income.  The money you make without working.  The money that comes in as a result of the business system you have created.  Passive income is thing of beauty.  You know, I can make more cash flipping properties.  But the income from flipping houses is [...]

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