How to Evaluate a Potential Investment Property

How to Evaluate a Potential Investment Property

My sister recently went to look at a potential investment property.  This visit was followed by a note in my inbox asking for my thoughts on the property.  In my opinion, evaluating a property for potential investment can be decided mostly by numbers, but the final key piece of the puzzle requires the property to be evaluated based on curb appeal.  Some properties fail the numbers test, and are immediately discarded, while some pass the numbers test but fail the curb appeal, and finally some properties pass both examinations, and…

Real Estate Investing – My 2nd House

Real Estate Investing – My 2nd House

In July of 2011 I bought my first rental property.  My palms got sweaty and my heart fluttered away.  I offered about $5,000 less then the asking price of 59,900.  What a gutsy move especially considering the house was vacant and had been on the market for awhile.  I was nervous, excited, and eager, plus I liked the property.  At this point however, I was like a nervous boy asking a girl on a date.  I just wanted her to say yes.  A house is not a girl, so in…

Getting Started in Real Estate – My First House

Getting Started in Real Estate – My First House

I graduated college, moved back home, and was hired for my first teaching job.  I played by the book. Luckily, a few of my good buddies from college also lived locally, making the transition to the working world a bit easier.  Towards the spring of 2005, one buddy suggested we look for an apartment.  I found the idea of paying rent appalling, so I suggested we buy a house. Unknowingly, my subconscious was already hunting for passive income. I hoped to buy the house and have my buddy pay rent…