The Importance of Cash Reserves

0
Comments

 

The Importance of Cash Reserves

 
Recently, I spoke to a group of real estate investors about buying properties using a creative financing method. Some of the questions asked reminded me how crucial it is that real estate investors have cash reserves to deal with the unexpected. I consider cash reserves to be “Murphy’s Law repellant” (anything that can go wrong will go wrong). Those who have cash reserves won’t be nearly as stressed as those who have no cash reserves.

I will admit that I have found myself, at times, in both situations. I had a devastating casualty event occur at a commercial property. Thankfully, at that time, I was sitting on $50,000 in cash which made it a whole lot easier to handle. I’ve also found myself, however, as the broke rehabber trying to squeeze out another $1,000 line of credit from Home D
Read More...



It’s a People Business, Not a Property Business

0
Comments

 

It’s a People Business, Not a Property Business

On a recent episode of the Rent Perfect podcast David Pickron talks with Gary Mazzarella (and investor and landlord) about some of the people strategies they use to find success in the marketplace.

“Landlords often fall into the trap of thinking that their business is all about the property… they couldn’t be more wrong.”  David Pickron

Click here to listen on Spotify.


Millennials Are Now the Largest Group of Home Buyers

0
Comments

 

Millennials Are Now the Largest Group of Home Buyers

realtor NAR logo

According to data from the 2024 National Association of Realtors’ Home Buyers and Sellers Generational Trends Report, millennials are now the largest group of home buyers, marking a significant shift in the housing market’s demographic landscape.  The annual report examines the similarities and differences among recent home buyers & sellers across generations.  “Leading
Read More...


Financial Independence for Real Estate Investors: The Role of Local Associations

0
Comments

 

Financial Independence for Real Estate Investors: The Role of Local Associations

 

 Financial Independence for Real Estate Investors: The Role of Local Associations
For real estate investors, achieving financial independence is often the ultimate goal. However, the path to this form of wealth is not solely about accumulating properties or even a bigger bank account. It is about attaining a level of independence that allows you to make decisions based on your desires and goals rather than financial pressures. Valuing independence, leveraging the freedom it offers, and aiming for a fantastic life are key to real estate investors and local real estate investor associations (a REIA) can play a significant role in supporting investors toward these goals.

1. Valuing Independence as a Real Estate Investor

For real estate investors, valuing independence means prioritizing autonomy over m
Read More...


Credit Card Delinquency Rates by U.S. State

0
Comments

 

Credit Card Delinquency Rates by U.S. State

 

We have had several posts about the problems with growing credit card debt and delinquency rates.  Citing data from WalletHub, today’s graphic from the Visual Capitalist shows credit card delinquency rates across the U.S.  As always, have a safe and Happy Friday!!

“Credit card debt carries a hefty bill in America, and falling behind on payments can be extremely c
Read More...