For new real estate investors, your first investment is sort of like being a Chicago Cubs fan. You're committing to something that you think is a winner but if you're not careful there will be alot of disappointments in your future and it may take 108 years before you come out on top... So you've found that ideal investment property, ran the numbers and decided to make an offer. Not so fast -...
t's been a minute (or 3,250,634 minutes) since I've published a post. After sharing my blog space with a few friends, I became encouraged to start posting again, so I thought I would check in with everyone and give you an update of where I am with my real estate investments and my learnings. Since my last post, I've learned a lot about negotiating with tenants and operations of both the retail and...
Why I'm finally paying attention to "Days to Pay" Over the past ten years of owning and managing small commercial properties, I’ve had four tenants go bad. In each case, the ending looked different — some moved out quietly, others required eviction — but the financial result was nearly identical. I lost roughly $2,000–$3,000 each time. Painful, yes, but not catastrophic. And that’s...