and Reduce Your Living Expenses
When you’re looking for a property, one of the most important things is to do a good job analyzing the numbers. A good rule of thumb is to make sure the gross rent potential is at least 1-2% of the cost of the property. So for a property that costs $150,000 it should be able Read more about Analyze the Numbers[…]
If you are rehabbing your building make sure you use the proper sequence. It is very important to make sure that you do things in order to avoid double work. There will be an urge to do things to get an immediate satisfaction by seeing some results. But the best thing to do is to Read more about Use the Proper Sequence[…]
When doing a walk-thru for fix & flip, make sure to pay attention to the major components of the house. On the exterior you want to check the roof, masonry or skin if it’s a frame house. Look at the concrete flatwork, drainage, yard and garage. Assessing these components is important because these can be Read more about Fix & Flip Walk-thru[…]
If you are looking for a house to fix and flip, start out with something that doesn’t need a lot of reconfiguring. Some think that the best thing to do is to redesign a house. When you are starting out that may not be a good idea. Of course there is tremendous value in improving Read more about Simplify Your Project[…]
Of course the goal in getting a two-flat is to build wealth. For many, the best way to start is to reduce or eliminate your living expenses. By living in the two-flat for a while you are killing two birds with one stone-such a morbid saying, but gets to the point. Essentially you are putting Read more about Develop the No Housing Cost/No car note lifestyle[…]
Are you paying rent or mortgage payments? Probably so if you’re an adult. Hey, that’s the way it is right, you either pay rent or have a mortgage for your house. And how do you afford it? Well based on your job you figure out how much rent you can pay or mortgage amount. But what if Read more about Go for the No Housing Cost Lifestyle[…]
If you want to get ahead in life be willing to go against the grain. Sometimes you will need to listen to people other than those you already know. If you are trying to venture into new endeavors seek the advice of those who have already done it not the ones who haven’t. They will Read more about Be Willing To Go Against The Grain[…]
When searching for a two-flat, make sure you are in tuned to your local market. The only way to do this is to go out and look at properties and monitor them. You might try selecting a few properties online, then doing drive by’s. Notice when they go on the market and how long they Read more about Listen to the Market[…]
Hello! Welcome to buyatwoflat.com. This site is developed to educate and mentor people who are interested in investing in small rental properties. There are a lot of benefits to investing in small properties. Just to name a few: creating additional income, saving on income taxes, building wealth, preparing for retirement and building a legacy. Whether you Read more about Welcome to buyatwoflat.com[…]