by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
You’ll always make money when you are buying a property cheap, cheap, cheap. Depending on the economy, it may not be as easy as it sounds, especially in the beginning. For example, out of about a dozen properties I bought this year, only one was a true bargain,...
by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
I’ve been running an ad since last Sunday on a house that I am selling. I’ve had a mix of calls between owner occupants and investors. I’m fascinated with the investor calls. The last guy that called (an investor?) asked two questions. One, where was...
by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
Here’s a crash course in commercial real estate terms. Gross Rent = Yearly gross rental income from all units Gross Income = Gross Rent – vacancy factor + other income (for example, laundry) Net Operating Income (NOI) = Gross Income – all expenses...
by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
In The E-Myth, Michael Gerber puts forth the reason that most small businesses fail. The business starts because a technician who is good at something (repairing toilets and other small house repairs for example), decides he should be in business for himself. Now,...
by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
After being in the single-family house business for the last 28 years, I was looking for a way to make my operation more efficient. And along came the Internet. WOW, what an improvement to my business! Here is what we did. First, we contracted with an Internet Service...
by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
In my last article on lease options [Advantages of Selling on a Lease Option], I listed the many benefits to you (the Optionor) of leasing to your tenants with an option to buy. This article will continue the discussion in more detail. What are the primary problems of...
