A common question we hear is “How Do I Start Investing in Real Estate?” New “investors” get amped up after reading books and watching videos and seeing the insane (by a poor man’s standards) wealth that …
Success has as much to do with luck as leprosy has to do with drinking cheap Tequila. (We’re not taking ANY chances though). Success is a mindset. It’s an absolute belief that you cannot fail. Successful business people have that mindset. In fact, failure is never even a consideration for the success-minded individual – EVEN […]
Investment property by it’s very nature is in need of improvement. If it were perfect, then it would be “retail”. And since investing involves a certain amount of risk, then investing in real estate is very similar to gambling. …and everyone knows gambling is bad – except for rich people. Right? So, if investing is […]
You can’t look at your paycheck as $65k or $120k or $250k a year. You have to look at it as 1. 1 source of income<,/strong> and if that source stops, your large paycheck goes from X to ZERO, and you’re just 2 weeks from homeless.
While Tampa, and Florida in general have about a 12.5% renter rate, this shouldn’t alarm investors, as there are plenty of opportunities to own rental houses in Florida, and there are plenty of new residents moving to our state everyday.
Investing in Florida Real Estate Often, we’re asked why we chose Tampa, Florida to start our real estate investment business, and the truth is that we didn’t “choose” Tampa – It was our only option. First, we moved here years ago because of the great climate and the cheap housing. Then, when we got some […]
Granite Counter-tops or Laminate? Ask a banker if adding granite counters to your house is a good investment and they’ll tell you “When doing comps (comparable property analysis), a counter is a counter.” However, if you ask a seasoned real estate professional if adding granite counters is a good investment, they’ll tell you, “Hell yes!” […]
Successful Real Estate Investors Don’t Sell Books If you’re a real estate investor of any kind, then you’ve seen the ads for the books that Preston Ely is peddling. Have you ever wondered why successful real estate investors start selling books that tell all of their “secrets”? Because they were never good at real estate […]
Like a Las Vegas casino or the insurance industry, the stock exchange puts the risk on the individual investor – not the broker, the shared company or the exchange itself. There are managed odds that make winning possible, but because only “the house” really knows how everything works, losing is PROBABLE.