Optimize

Optimizing an investment property is all about maximizing your income and minimizing your workload and expenses, such as tenant turnover.   This blog focuses on a specific way you can optimize that many investors are reluctant to do.   I don’t want to spoil it before you watch the video,…

If you could choose, what would you do?   Lifestyle Freedom Day is simply the day you are planning for, when you can finally do the things that you have wanted to do but have not been able to, due to lack of time or money.   Keyspire Success Coach…

Here are some things to consider when choosing whether to ‘Do it Yourself’ or hire a professional: Factors to Consider when Deciding Whether DIY is Right For You: → How much money will you save by not hiring a professional? → Do you have the necessary skills or training for…

In a previous blog, Michael shared a checklist of what to look for when reviewing a contractor’s quote or contract. A good rule of thumb is to compare 3 quotes before choosing a contractor.  But what are you looking for when comparing quotes?  How do you decide which one to…

One of the key components of being a confident real estate investor is knowing how to perform calculations on investment properties. By knowing your Return on Investment (ROI), you can determine if a property aligns with your investing goals.   Below is an example of how we would run the…

Lease to Own (LTO) is an arrangement where an individual enters into a lease agreement with the property owner, with an additional “Option to Purchase” agreement. The Option to Purchase typically gives the tenant the right to purchase the property at a predefined future date for a prespecified purchase price.…

Before signing the dotted line, I recommend reviewing your contractor’s document(s) to ensure they include the following information:   This checklist is a guideline only and is not a substitute for seeking advice from trained professionals. All information should be reviewed and amended to suit your personal investing situation.   …

Scott and I talk about Cash Flow a lot. We even wrote two books called Cash Flow for Life and Quick Start to Cash Flow.   Cash Flow is a fundamental part of real estate investing, and one of The 4 Ways to Win, but is there a minimum amount of Cash Flow you…

Vacation rental properties are becoming increasingly popular for both renters looking to get away for a short vacation, and investors who are looking for ROI (with the added bonus of having your own getaway). It’s why platforms like Airbnb and VRBO have grown exponentially over the last decade. Fellow Keyspire Success…

Let’s talk about increasing your rental income when you have an existing long-term tenant without completing any renovations at the property.   Some landlords say that they don’t perform rental increases annually because the allowable annual increase is so small, they just don’t care about it.   I disagree.  …