Getting Started in Real Estate Investing: It Ain’t Easy
Getting Started in Real Estate Investing

Getting Started in Real Estate Investing: It Ain’t Easy

2 months ago 0 0 227

Knowledge, Network + Money A recent article in The Washington Post offered advice on launching into the world of real estate investing; the author says, “In general…there are three things that every real estate investor needs no matter what: education and knowledge, a good network, and money. But not necessarily your own money.” Stan’s Viewpoint Everything the author says is true except it isn’t that easy. Learning markets, finding good deals, and hooking up with the right professionals and investors takes a lot of time, persistence and patience. Like any startup, the first few deals will likely be less successful due to lack of experience and inability to foresee problems. In addition, these deals will likely require one’s own money or that of close friends and family. New investors are also likely to underestimate the cost of ownership and the amount of time and effort to manage. Very small deals don’t

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Inevitable RE Downturn

Are You Prepared for the Inevitable Real Estate Downturn?

8 months ago 0 0 467

Heading for a Correction? A BisNow article from earlier this year directly asks the question on everyone’s mind: “When is the correction going to hit?” In “From Bullish To Bearish: Tips To Prepare For The Inevitable Real Estate Downturn,” the author says not to worry so much about when it hits, but more so with how prepared you will be when it does. The article offers these four tips: Negotiate long-term leases Pursue Rehabs and Upgrades Stop Putting Off Maintenance Embrace Technology Stan’s Viewpoint For the most part, I agree with this article. I would add that the strategy for a given property really depends on the property’s current status. That status will dictate whether to sell (if a key lease has just been extended), upgrade (a longer-hold strategy) or refinance. I would caution this: If an owner is looking at new financing, the debt/value ratio and debt service coverage should

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