Posts by Julie Broad
5 Steps to Overcoming Fear and Getting Rich With Real Estate
Thanks to low interest rates and increasing rental rates, my husband and I are enjoying more cash flow from our rental properties than ever before. Sure, our properties aren’t worth quite as much as they were last year. But they are still making us money. And because we purchased in desirable areas, we know they will increase in value over time.
Read MoreReal Estate Investing Partnerships: Breaking Up Is Never Easy
The main reason my husband and I were able to build a multimillion-dollar real estate portfolio in less than eight years is because we found a few trustworthy partners…
Read MoreThe Problem With “Fire”
We felt swindled. We’d spent nearly $20,000 on several instructional programs, on a mentor for our real estate investments, and to incorporate. Despite all of that, my husband and I found ourselves in court trying to defend fire code violation charges for a six-unit property we’d purchased.
Read MoreThe First Step to Becoming a Millionaire Real Estate Investor
Thanks to real estate investing, I no longer have to work full-time. If I want to go hiking in the mountains with my dog in the middle of the day, I can. If my husband and I want to pop up to Whistler to ski, we do it mid-week to avoid the crowds.
Read MoreHow to Find the Best Tenant for Your Rental Property
Owning and managing rental properties can be very profitable. (From just two rental properties, my husband and I make $1,200/month in positive cash flow.) As a rental property owner, you may find yourself dealing one-on-one with tenants. Make sure you handle these encounters as business transactions, and don’t let your emotions – or your desire to fill a unit – prevent you from making sound business choices.
Read MoreRental Real Estate 101: 4 Ways to Battle the Landlord’s Arch Nemesis
Just as The Joker is to Batman and Dr. Evil is to Austin Powers, rent control is the landlord’s enemy. Supporters of rent control claim that without it many people couldn’t afford housing. But what happened to the basics of economics? The law of supply and demand should determine what your rental unit is worth, not the government.
Read MoreRental Real Estate 101: The Ultimate Real Estate Match Up
Renting out your real estate properties is a great way to make money – in almost any market. But if you’re just starting out, there are some pitfalls you need to be aware of. One of the costliest is tenant turnover.
Read MoreSelling Your House in Today’s Market
You might think that the best way to sell your house in a slumping market is to price it low and then just get it listed on every website you can. But you may find, like many of my neighbors have, that is not enough.
Read MoreCurrent Market Conditions Shouldn’t Stop You
Seven years ago, the real estate market where I live – the west coast of Canada – was in a serious slump. Crushed by the Asian crisis of the late 1990s, the Greater Vancouver area just couldn’t seem to rally back. Houses languished on the market, and often slipped into foreclosure. Price reductions were the norm. It was a tough time.
Read MoreThe Biggest House-Buying Tip Ever
In Stephen Covey’s best-selling book The 7 Habits of Highly Effective People, he recommends that you “begin with the end in mind.” And the same goes for real estate investments. It doesn’t matter if you plan to live in the property, rent it out, or renovate and flip it… before you buy, envision yourself selling it.
Read MoreAn Easy-to-Prevent Scam
When you’re just starting out in the real estate business, take advantage of what others have already learned through experience… without sacrificing your own time and money. Here, for example, is a scam that you can sidestep by learning from my own mistake.
Read MoreIt’s Good to Know: Buying Real Estate in Canada
The Canadian real estate market isn’t just for Canadians. Americans may wish to find shelter from the faltering housing market in the U.S. by making some Canadian investments. But first, there are some things you need to know.
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