Purchasing a home can be very stressful. Whether it is your first home purchase, or your tenth, you still might have reservations that lead to “analysis paralysis”, where you can’t make a decision. A friend of mine went through this just 24 hours before closing on her first home. She called me and walked me…
Lately I’ve been debating about selling my home in Vegas. Spurred in part by my father (who is by nature a fiscally cautious and reserved person), I’ve been trying to decide if now might be the time to sell the home and reinvest in another investment property. I started with a traditional options list – …
You may have previously read stories by other real estate investors, who recount overcoming seemingly insurmountable odds to purchase their first rental property, which quickly becomes an amazingly lucrative investment. This is not one of those stories. There really is no reason why I should be a real estate investor today. In high school, I…
I’ve been renting homes to tenants for over fifteen years. During that time, I’ve learned – sometimes the hard way – that you can eliminate a lot of stress and hassle by what you don’t put in a rental property. This week, I thought that I’d share a list of the top things that I…
The demand for quality healthcare is steadily increasing. Now more than ever, communities need qualified health practitioners. Many hospitals have turned to “Traveling Nurses”, health practitioners like RNs and physical therapists who rotate from hospital to hospital to serve short term needs. This represents an opportunity for landlords, and carries many benefits. Traveling nurses stay…
I was recently approached by two friends (let’s call them Celeste and Mary) for some advice on buying a home, and I found the situation interesting enough that I wanted to share it with you. Celeste and Mary are sisters. Now in their 30’s, they want to find a way to give back to…
Several months ago, on one of the hottest days of the summer in Las Vegas, Nevada, one of my tenants phoned to tell me that one of the air conditioning units went out in the house. It took me one week of arguing with American Home Shield, the home warranty company with whom I had…
It’s no surprise that the real estate market is challenging for investors. With prices at a long term high, finding deals has become increasingly more difficult. While I am in no means a formal real estate advisor nor fiduciary (consult your own experts before you make any final decisions), I did want to share where…
Selling financing, where the seller is in effect the bank loaning the buyer the money to purchase the property that the seller is selling, isn’t particularly common (especially in times like now, where the monetary policies have eased and interest rates are low). But it does have its place and time, and knowing the pros…
Thanks in large part to our current pandemic situation, there is a broad flight from living in urban areas to suburban and rural areas. This has led to an increased demand for single family homes, exacerbated further by a decrease in housing supply as homeowners, leary to allow strangers in their homes, are reluctant to…