Month: January 2022

There is no exact science to setting the rent. All units, blocks and neighborhoods are a little bit different so it makes it hard to compare apples to apples. What I do when it’s time to set the rent, is I look on platforms like Zillow to see comparable monthly rents for nearby properties. I also sometimes include sales comps as my general rule is monthly rent is about 1% of sales price — more or less. You can do this yourself or a friendly realtor can help run some […]

For folks trying to get into real estate, probably easiest place to start is buying a home where you can safely have an income property as part of your primary residence. There was a great show on HGTV about it and it’s worth finding the old episodes to watch (see Income Property). The basic idea is finding a home to make your primary residence that also has a unit that you can rent out for profit. Depending on where you live, that could be a duplex or triplex that was […]

Before you can start to invest in real estate, you need to first ask yourself how much risk is acceptable. I know, I know, that’s one of those vague questions they ask you when completing some 401k enrollment form, but it’s even more important when it comes to real estate investments as the money you invest will not be liquid. Basically, the most liquid of all investments is cash. When you have $1,000 in your bank account, it can be exchanged for $1,000 in cash or exchanged for goods or […]