I want to share with you a problem that I had early in the year and a revolutionary action that I took to overcome it. Problem As you may know, my personal life is demanding. Even as I grow our investing business, I am a working professional during the day a husband, father of four […]
I hope that you and your loved ones are safe and healthy during this hard time for Americans and the rest of the world. I encourage you to remain strong, look past these immediate disruptions and see the world of opportunity brought by these unpleasant circumstances. Yes, we are still dealing with COVID, a worldwide […]
An Unexpected Opportunity While I was in college at the University of Central Florida, I incidentally obtained a job as a leasing agent at the top UCF-affiliated student housing property at the time (I got hired for the job on the spot after going to the office to respond to a noise complaint about my […]
A strong team is your prerequisite to success Having a PM removes the unnecessary strain from your investing Crawl/Walk/Run – the incremental approach to success Multi-family is attractive due to scalability and lower impact per vacant unit Through GreenDay Capital, Erickson is bringing others with him on this wealth-building journey For this first Investor Spotlight […]
I want to share a very simple concept that is easy to understand, but even easier to overlook when you are purchasing an investment property. The concept is Price versus Value. As Warren Buffet once famously stated, ”Price is what you pay; Value is what you get.” What he meant by the statement is that […]
Positive trend of population growth. Low unemployment relative to past 5 years, 10 years and national average. Strength from many jobs available to support healthy employment in the city. Jobs varieties spread across multiple industries, including healthcare, finance, aviation, telecommunications and technology. The housing trend demonstrates consistent rent growth, increase in supply and declining rental […]
On the BiggerPockets forums, I stumbled upon a post where an individual investor wanted to know how to find syndicators for apartment investment opportunities. My detailed response prompted further expansion into this blog post. If you have never invested in syndications, it can seem like a daunting undertaking reserved only for the elite. Hardly so. […]
Having gotten into real estate as a self-managing single-family investor, many interested in this route into real estate have contacted me for information on how to get started. I recommend that you check out my article about self-managing vs. using property management to weigh the pros and cons and determine which fit is best for […]
If you are like me when I started investing in real estate, the key obstacle In your head to getting started and growing is cash: How much cash do I need to invest in real estate? With the financial resources that I have, what am I able to buy? This is an individual investor mindset […]
What do you do when you are lucky enough to have a property that has appreciated in value? Although astute investors invest primarily for cash flow, recognizing that appreciation is the icing on the cake, any buy and hold investor will inevitably face the dilemna of what to do with the equity gained from the […]
Summary of Jacksonville’s market attractiveness: Large land space provides many real estate opportunities Attractions include Jacksonville Jaguars, Florida Theater, Jacksonville Zoo and Beaches Strong and diverse job market-Strong rent growth and declining vacancies trend Large developments in process in downtown and surrounding areas In this market review, I share some interesting insights on a market […]
I occasionally share that my real estate experience started in college while working as a leasing agent at one of the top student housing apartment complexes at the second highest populated college in America, the University of Central Florida. During those three years, I learned a lot about the apartment business and particular student housing. […]
If you have been following my content, you may have read about active versus passive investing in real estate and decided that, based on your goals and desires, passively investing is the route that you would like to take to grow your wealth. Now that you have chosen your path, you must seek out operators […]
If you are an experienced investor, you may have a hunger for finding a better deal, increasing your percentage returns or creating more wealth per transaction. Maybe you have done your first deal, are proud of it, and due to the law of the first deal, are ready to find an even better investment opportunity.As […]
If you are an active investor, you may be very familiar with the following three business models. If you seek to passively invest with a sponsor, your familiarity with the below models is of great importance. As you will see, each has its own set of unique pros and cons. Turnkey Turnkey investing is to […]
If you are new to real estate investing, you should consider the concept of the ”law of the first deal.” Of course, it is not a law like the law of gravity, or tax law, but a generalization that widely applies to the sport of investing. It says, if you can manage to get to […]
When most people think of a Real Estate Investor, maybe they think of the Property Brothers, or Chip and Joanna Gaines. They are investors, but they are not the only mold. Many people invest in real estate without the persona of an outdoorsman or fix and flipper. In fact, real estate provides wealth building opportunities […]
In this market review, I analyze Brevard County in Florida. Brevard county consists of several cities, such as Cocoa, Titusville, Palm Bay and Melbourne, with Melbourne and Palm Bay being the areas of growth in population. The 321 area code was assigned to it for its association with the Space Program (3-2-1-Liftoff) headquartered in Cape […]
If you read my article about why everyone should have real estate in their wealth portfolio, you know that I am passionate about the power of real estate and its use as a wealth builder for anyone. Unlike other assets, real estate has an unusual wealth building potential, in that wealth is built in four […]
Many people do not realize how dynamic real estate investing can be. Depending on your goals, you have to make a choice among many flavors. Area of focus: Commercial, Residential, Single Family, Multifamily Primary strategy: Buy and hold, fix and flip, development, value-add, stabilized assets, notes, etc. Primary Objective: Cash flow, appreciation, etc.Within each of […]
I both write and speak often about misconceptions of real estate investing because I know that so many people who are otherwise interested have given into the horror stories that they have heard from others. Below are three myths that people often mistakenly generalize into rules, and not exceptions, of real estate investing. You Need […]
Many of America’s landlords are accidental landlords, meaning it was not their original intention to invest in real estate or managing a property. These people did not study or decide that this is what they wanted to do. Instead, they inherited property, outgrew their primary residence or moved for their job. They became landlords out […]
You have heard friends talk about it; you may know someone; maybe it was your experience. Everyone has heard the infamous Real Estate horror story. The one where that person bought a rental property and it was the worst decision of his life.If you are like me, you were at a barbecue, and you mentioned […]
Buying multifamily real estate involves addressing many variables. Underwriting is the process of accounting for those variables in order to determine an appropriate price based on the identified value. Recognize that multifamily real estate (5 units or greater) is considered commercial real estate, and is valued differently from residential (single family homes and small multi […]
If you have listened to the lingo in the investing world, you likely have heard talk of real estate syndication. If you have never invested, the term can be even more intimidating. In this article, I provide an intro to the subject of syndication for simple understanding. To start, I will explain two ways to invest […]