Sep 06

Real Estate Investing Requires: Expertise, Money and Time (EMT)

By John Wilhoit | Real Estate Investment

The way some people invest in real estate you would think an EMT (Emergency Medical Technician) should be on call at all hours.  There is another EMT that can more directly impact your real estate investments.  The EMT I am referring to is expertise, money and time.  A successful real estate investor needs all three working together to have a successful investment.

Expertise, money and time applied to real property assets is the trifecta of a quality investment. Throwing money at real estate, or any investment, without oversight or up front thinking about intended outcomes creates a vacuum.  And we all know vacuum’s suck up everything- including money.

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Aug 28

Houses: To Flip or Not to Flip and the #1 Thing to Avoid

By John Wilhoit | Podcasts , Real Estate Investing Podcasts

Most instruction on house flipping teaches people how to do a segment of the house flipping business so they can be involved in the process. Well, the process is very extensive. You have to be able to purchase, repair and market the property. And you have to do all three very well to be successful in the home flipping business.  Most people do not have the capitalization and/or skill set to do all of those things. Let’s break it down a little bit more.

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Aug 24

Return on Investment in Real Estate: 5 Sources

By John Wilhoit | Podcasts , Real Estate Investing Podcasts

Most people know these sources but they’re not necessarily all in one place at one time so that’s the purpose of today’s episode: to have all five types of return on investment from real estate in one place while you are contemplating future investments and use this list to analyze your current investments, to measure if you are gaining yield from all five sources with your existing portfolio.

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Aug 01

Rent Roll Basics

By John Wilhoit | Property Management , Real Estate Investment

The rent roll is a simple document.  Honest. Problem is that people complicate the document by providing too little or too much information and call it a rent roll.  What is a basic rent roll?

A Rent Roll is: The property owner’s representation of rental income.

There.  Wasn’t that easy?  What belongs on the rent roll?  Just the facts, please.  An exceptionally detailed rent roll may have twenty to forty columns of data but the core data is very small and succinct.  It includes:

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Jul 07

Seven Sins in Real Estate Investing

By John Wilhoit | Real Estate Investment

When the pendulum swings in real estate investing, it covers the entire reach of the pivot- back and forth. Sometimes the pivot is pricing, another time occupancy, or availability of financing.  Or just plain market stability.  You will occasionally see a market in balance but this seems to be the exception to the rule.

Wait, hold that thought. Let’s say your assets are in a stable market, expectations are for continued stability and the asset is meeting your financial expectations. Do you buy, hold or sell? This is where many people get that uneasy feeling. This can’t be right- stability? What an unusual thing! Continue reading

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