If you have listened to any of the 200+ BiggerPockets Podcast episodes, you have heard the famous question, “What sets apart successful real estate investors from those who fail, quit, or never get started?” This question is asked to every guest on the podcast, of which many if not all are in fact successful real estate investors. What I find fascinating is out of the 200+ episodes, you will hear all different kind of answers. So who is right?Read More
A year and a half ago, I told the following story. I had so many people contact me and thank me for writing it over the past year or so that I wanted to go back through, update it and republish it to share, help, and inspire more people.
I was told the other day that after doing something for 10,000 hours, you are an expert in that field. That had me doing the math. How many hours have I put into my real estate investing career? If a normal person works 40 hours a week for 50 weeks out the year, that’s 2,000 hours. Multiply that by 5 years, and you have 10,000 hours.Read More
Turnover is when one tenant of a rental property moves out and the next one moves in, sometimes with time in between. Whether you own one rental or a thousand, A-class or D-class properties, one thing that all rental real estate has in common is turnover. Most, if not all, rental owners will agree turnover can be the biggest operating expense. A bad turnover can literally wipe out years of profit in a real estate investment. If turnover is something every rental owner deals with and is such a huge factor of investment success, don’t you think it would be a good idea to figure out 1) how to minimize turnover and 2) how to make it as efficient as possible?
According to most experts, a Millennial is someone born between 1980 and 2000. This means anyone roughly between the ages of 16-36 is a Millennial. I fall right smack in the middle of that range. This means my peers, whether older or younger, tend to be Millennials as well.Read More
In real estate investing, analysis is the be-all and end-all for many investors and soon-to-be investors. In meet ups, on forums, and in the real world, investors as a whole have this obsession with the best spreadsheet, tool, or person to “analyze” a property for investment.