Many people claim real estate investors cause homelessness by owning rentals and charging rent, however, they can play a significant role in preventing homelessness by implementing various strategies that promote affordable housing, stability, and supportive services. Real estate investors also provide rentals which are the next step from homelessness as most people in a dire … Read more
There are many pros and cons to investing in a small town as opposed to a larger town. I have many properties in small towns and larger towns and personally, I think the small towns are overlooked based on the many advantages they have. Some of the major differences in small towns are the taxes, … Read more
I (Mark Ferguson) will hold 4 in-person masterminds in Colorado in 2024. I love doing these because it gives people from all over the country a chance to meet, learn about each other’s business, give advice, get advice, and think outside the box. I attended a mastermind like this a few years ago and loved … Read more
The United States, as has most of the world, has made stricter and stricter building codes over the years. However, the United States does not have any national building codes the states or local cities make their own rules. I have found the states or areas with the strictest building codes also have the highest … Read more
I have owned rental properties for many years and recently we started using a company that allows us to accept credit cards for rent payments. There are pros and cons to accepting credit cards but our tenants love it and they can pay online with many different sources besides credit cards. It can be quite … Read more
I bought two laundromats over the last year and I have learned so much after diving into the business headfirst. I am not an expert on laundromats but I have learned enough to point out some of the pros and cons for someone thinking about geting into the business. I bought one of the laundromats … Read more
I own one rental property out of my area in Cleveland Ohio and we just got that tenant out after she did not pay rent for three years! All of my other rentals are in Colorado and I usually have no problems with evictions or getting tenants out, yes even during the Covid year. However, … Read more
With interest rates rising over the last year, it has made it tougher and tougher for real estate investors and owner-occupied home buyers. People need places to live whether they are rentals or personal houses and higher rates make those properties much more expensive unless someone is paying cash. While higher rates make it tougher … Read more
A lot of people including Jerome Powell who runs the Federal Reserve assume high interest rates will make housing cheaper. They believe that higher rates make houses less affordable and therefore, prices will decrease. There are many things wrong with this line of thinking, but they are missing an incredibly important concept. High rates may … Read more
Return on equity (ROE) and return on investment (ROI) are two important financial metrics that are used to measure the profitability of a rental property, a business, or another type of investment. Both metrics are expressed as a percentage, and they both measure the amount of profit that is generated from a given amount of … Read more
I have owned rental properties for more than 13 years and being a landlord was one of the best choices I ever made but it is not easy. There are many aspects to owning rentals from finding good properties, to financing them, to managing them. Many people may think the hardest part of being a … Read more