Older properties can harbor hidden dangers in the form of asbestos and the multiple serious and fatal diseases linked to inhaling asbestos fibers. But how can you manage these risks and ensure tenant safety? How can you limit potential liabilities and safeguard your investments? How much does it cost to professionally remediate asbestos? We’ll cover these questions and more in this article, as well as our personal experience managing asbestos in our rental properties. (more…)
Debt service coverage ratio loans have become an increasingly popular option among investors in our community. But what are they? And why are investors choosing these loans over more traditional options? In this article we cover the pros/cons of these types of loans, and how to avoid some of the traps these loans might pose for inexperienced investors. (more…)
Real estate syndication offers investors an opportunity to pool their resources and invest in larger, potentially more profitable real estate projects. This article is the final installment in our three-part beginner’s guide to investing in passive real estate syndications. If you're considering making your first real estate syndication investment, it's important to understand the process and take the necessary steps to ensure a successful venture. (more…)
An ADU can increase your monthly rental income and help speed your path to financial freedom. However, they’re not completely without downsides. In this article, we explore the different types of ADUs and the many good reasons to have one. Including a few benefits you might not expect. We also discuss some of the things to look out for, along with ways to mitigate the risk. (more…)
Summary: There are so many different options for investing in real estate that for a new investor, it can be pretty confusing. There are Real Estate Investment Trusts (REITs), real estate syndications, flipping and much more! So the natural question is, how do you choose? Why would you choose one option over another? In this two part series, we’ll cover the different criteria you can use to choose the investment strategy that’s best for you, and then we’ll apply these criteria to the spectrum of real estate investing options. (more…)
Note: The links in this post contain affiliate links. If you purchase via our link, we will receive a small commission at no additional cost to you. We are excited to share an exclusive interview with J Scott from our 2022 Fast FIRE to Freedom Summit, which was held in August 2022. J has a wealth of real estate experience and is the author of several books, including Recession-Proof Real Estate Investing and The Book on Estimating Rehab Costs. J and his wife started investing in 2008 and flipped over 400 homes between 2008 and 2016. After years of house flipping, he transitioned to investing in large multifamily properties. This move was prompted by his study of economic cycles. He realized that flipping houses or "transactional real estate" as he called it, wasn't a…
Summary: There are so many different options for investing in real estate that for a new investor, it can be pretty confusing. There are Real Estate Investment Trusts (REITs), real estate syndications, flipping and much more! So the natural question is, how do you choose? Why would you choose one option over another? In this two part series, we’ll cover the different criteria you can use to choose the investment strategy that’s best for you, and then we’ll apply these criteria to the spectrum of real estate investing options. Let’s dive into Part 1! (more…)
Summary: In October 2022, Kenji and I had the opportunity to attend a Happiness seminar in Mexico. The event led to a huge amount of personal breakthroughs and insights. It was such an incredible experience that we wanted to summarize some of the main takeaways for our blog readers in hopes that you might be able to glean some useful pearls to apply to your lives. (more…)
Summary: Each year I put together a blog post that gives you an overview of our real-estate investment portfolio. Writing this post helps me reflect on the real estate decisions we made over the course of the year, the motivations behind them and their results. I first started this series at the end of 2019 to give our followers transparency into our portfolio building process and progress. The goal is to give you the opportunity to glean insights from what we are doing, learn from our experiences scaling our real estate portfolio and become better investors yourselves. With that, let’s dive into 2022! (more…)
Summary: If you're thinking about real estate syndications, an important part of the vetting process is asking the deal's sponsors really good questions. But for those who have no experience in real estate investing, how do you know what questions to ask? This article doesn't cover the softball questions; instead, we give you five hard questions - the types of questions real estate syndicators don't want you to ask. [Disclaimer: We are not accountants, lawyers, or financial advisors, so please consult your own team of professionals about the topics covered in this article.] If you're considering investing in a real estate syndication, it's essential to properly vet the deal to know where you're putting your hard-earned money. To vet a deal properly, you will want to ask the general partner…