Case Study Part 3: $100k on a Last-Minute Foreclosure
The Fix/Flip Phase of the Deal As we set out to plan our rehab, we decided that while we wanted to force as much appreciation as we reasonably could and we didn’t want to go through the significant extra cost and hassle of a square footage addition. In a neighborhood of historic homes from the […]
Ageless Quote from Warren Buffet – Daughter Makes 1st Investment at Age 7
“I made my first investment at age eleven. I was wasting my life up until then.” Wow! This quote from Warren Buffett really gets ya thinking!! But how can an 11-year-old invest on his/her own, without help? The truth is, they can’t do it all alone. But then again, we adult investors don’t do it […]
Part 5 – Which Real Estate Investment Strategy Fits You Best? – Land Entitlement and Land Development
Previously, we discussed why it is important to review the various real estate investing (REI) strategies and determine which one fits you best in your current situation. If you missed it, here’s the link to these articles: Identifying the Top Strategies: mikelima.com/which-real-estate-investment-strategy-fits-you-best/ The REI Matrix and Wholesaling model: mikelima.com/part-2-which-real-estate-investment-strategy-fits-you-best/ Fix and Flip model: mikelima.com/part-3-which-real-eastate-investment-strategy-fits-you-best/ Buy […]
Build a Kick-Butt Portfolio in 5 Years Using BRRRR
Previously, I have defined and explained the BRRRR method of investing in rental real estate. To recap that article, here the steps of this sequential method, and the summarized importance of each: Buy – a smart buy doesn’t guarantee your profits at the end of the rainbow, but a bad buy can certainly lock in […]
Introduction to the BRRRR Method of Investing in Rental Properties (with Video)
BRRRR means “Buy, Rehab, Rent, Refinance, Repeat,” and is a step-by-step method used by investors who wish to build passive income over time. Each one of the steps in the BRRRR method is implemented in order. This BRRRR method of real estate investing lends itself to taking advantage of good deals as they come along, […]
Part 4 – Which Real Estate Investment Strategy Fits you Best? – Buy and Hold
Previously, we discussed why it is important to review the various real estate investing (REI) strategies and determine which one fits you best in your current situation. If you missed it, here’s the link to that article We also introduced the proprietary REI Matrix and discussed the wholesaling model, found here as well as the […]
Part 3 – Which Real Estate Investment Strategy Fits You Best? – Fix and Flip
Previously, we discussed why it is important to review the various real estate investing (REI) strategies, and determine which one fits you best in your current situation. If you missed it, here’s the link to that article. We also introduced our proprietary REI Matrix and discussed the wholesaling model, found here. This week, we look […]
Part 2 – Which Real Estate Investment Strategy Fits you Best? – Wholesaling
Previously, we discussed why it’s important to review the various investing strategies and determine which one fits you best in your current situation. If you missed it, here’s the link to that article: Click Here Begin by Choosing 1 of the 3 Primary Strategies Maximize the Cash you can get NOW Get a STREAM of Cash Flow […]
Which Real Estate Investment Strategy Fits You Best?
Let’s face it, when it comes to houses, one size (or shape, or style) certainly doesn’t fit all! The same goes for your investment strategy. Depending on your circumstances, some real estate strategies might be better for you than others. For instance, let’s invent a hypothetical man named “Don”. Don is a wage earner with […]
A 2,000 Year Old Philosopher’s Advice on Real Estate Investing
“Luck is what happens when Preparation Meets Opportunity” This quote by Seneca, a Roman philosopher from the mid-1st century AD, has been one of my favorites for years. It’s a great saying because it reminds us that we create our own ‘luck’ based on the things we do or do not do. Never did this […]