Pitfalls of the Due Diligence Period.

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 -...

A Lucid Landlord Update…

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...

Seeing the Drift Before It Becomes Bad Debt

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...

Finding Your Niche

It's been about nine months since my first post so I thought now would be a good time to check in. I closed on my first property last October.  For the most part, my experience as a new investor, landlord and property manager has been enjoyable. In my last post, I discussed the various considerations a new investor should weigh before diving in to the dark world of Real Estate Investing (REI for...

So You Want to Become a Real Estate Investor, Eh?

As this is my first blog, let me begin this post by qualifying myself.  I am new to real-estate investing as a profession but not new to the idea of investing.  I’ve romanticized endlessly, like many of you, about becoming an overnight real-estate tycoon.  After nearly 20-years of living the dream inside Corporate America, I decided to finally do something about...