Purchasing Our First Apartment Complex

If you're keeping up with us, you know we've traditionally purchased SFR and small MFRs, but through some hard work, late nights and leveraging relationships, we were able to step into the Apartment Complex realm and the anticipated return on this turnaround project is better than any personal acquisition yet. Here's how we did it... … Continue reading Purchasing Our First Apartment Complex

Results from Certified Letter to Unknown Occupant [Letter]

  Shortly after the letter was delivered via Certified USPS mail (signature on delivery), I received a phone call. Although short-lived, I was excited to learn the current occupant was willing to sign a lease. ____________________________________________________________   Back in November I wrote a blog titled My First Tax Deed Purchase and described the situation of an … Continue reading Results from Certified Letter to Unknown Occupant [Letter]

How To Prepare for a Residential Loan Application for REI (spreadsheet)

I'm eventually going to find the right lending partner(s) to have a long lasting relationship with and as we focus on our next acquisition, I selfishly wanted to create this punch list for my own future reference. ____________________________________________________________ In recent posts I've expressed my horrible experiences with a couple of unorganized lending institutions. As we … Continue reading How To Prepare for a Residential Loan Application for REI (spreadsheet)

Evicted Tenant Destroys Property [video] – 6 Month Follow-Up

And now for the after....we now have properly screened tenants (which are paying rent on time), an improved property and a decrease in criminal activity for the neighborhood.  ____________________________________________________________ In February I posted a horrific scene of a recent tax deed purchase in Pensacola that turned into an eviction, that turned into the tenant destroying … Continue reading Evicted Tenant Destroys Property – 6 Month Follow-Up

Product Review: Hoover FloorMate® Deluxe Hard Floor Cleaner

When opportunities arise, we tenant proof our rental properties as much as possible. This usually means putting in hardwood or tile flooring. As properties turn-over, a hard surface floor is not only easier to maintain but should last longer (through multiple tenants). We are also finding this to be true in our personal home where … Continue reading Product Review: Hoover FloorMate® Deluxe Hard Floor Cleaner

Real Estate Investing Terms: Cash On Cash Return

When performing the Cash-on-Cash Return napkin test, I won't further analyze anything that is below 12%. The target is 15% and higher but if we can still hit our $100/month cash-flow minimum, we'll consider it with a lower CoCR.   Cash-on-Cash Return or CoCR CoCR = annual cash flow before taxes divided by total cash … Continue reading Real Estate Investing Terms: Cash On Cash Return

AH BANKS! Pardon My French – Part 2

Given that it has been 2+ years since we went through the process of purchasing our primary residence (and the Pensacola real estate market seems to be recovering), I was optimistically hopeful dealing with banks wouldn't be as painful this time around...boy was I wrong! ____________________________________________________________ In AH BANKS! Pardon My French - Part 1 … Continue reading AH BANKS! Pardon My French – Part 2

Product Review: Nest Learning Thermostat

I wanted to save money, she wanted the comfort. Another DIY that solved a problem.  ____________________________________________________________ Why we own the Nest Learning Thermostat: It bothers me to leave the HVAC running when we are not at our primary residence in Pensacola. Not as extreme as my dad, but I am focused on turning off our unit … Continue reading Product Review: Nest Learning Thermostat

Should I or Should I Not Get My Real Estate License?

  It could have been that my wife passed the exam on her 1st try and I was convinced I wouldn't - we like to compete! ____________________________________________________________   Many Pensacola RE investors are also licensed Realtors. Being a life student (PMP, MBA, Six Sigma, MCP, BS, etc.), I thought it was only natural for me … Continue reading Should I or Should I Not Get My Real Estate License?

Product Review: Kwikset Smartcode 913 Deadbolt

One of the best and simplest home improvement things we've done & for our sanity! ____________________________________________________________ Why we own it: It's inevitable. We pack up to leave, day trip for shopping, the beach, out of town for the weekend, a short trip to the grocery store or to grab a bite to eat...it never fails. … Continue reading Product Review: Kwikset Smartcode 913 Deadbolt

How To Find REI Opportunities: Just Ask

"If you can move the house by the end of the month, you can just have the whole thing!" ____________________________________________________________ As the year is coming to an end, the sights, sounds, and smells of Christmas often remind me of those precious childhood memories. Forcing me to reflect and think about love ones who have passed … Continue reading How To Find REI Opportunities: Just Ask