First Property Management

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So far First Property Management has created 6 blog entries.

Creative Real Estate – Turning An Old Truck Into A Couple Assets

First off, it’s been a minute.  Well, a lot more than that really.  We’ll be posting a lot more often in 2018 and beyond.  Now to the meat of the post.  Turning a doo dad (Thanks, Kiyosaki) into an asset.  In 2014 I had purchased a used Ford F350 truck.  It was a work horse and performed admirably.  I bought it for cash so there was no note.  Purchase was $8500.  The reason for the purchase was to have a heavy duty truck to haul materials for my flipping company, which at the time was doing a decent volume in rehabs, etc. Fast forward about a year or so and the need for the truck no longer existed.  First Property Management was growing by leaps and bounds and the [...]

By |2018-02-11T19:52:53+00:00February 11th, 2018|Blog, Uncategorized|Comments Off on Creative Real Estate – Turning An Old Truck Into A Couple Assets

Is Real Estate Investing for You?

There are all types of investments in this day and age. One of the most often touted for creating millionaires around the world however is real estate investing. Even in the field of real estate there are several different investment styles. Each style involves varying degrees of risk on behalf of the investor. If careful consideration is taken there is a type of real estate investment that is best for most people though there are some that real estate will never be a good investment for. Those who are simply not cut out for real estate investing are those who love to watch the ticker roll across the computer monitor or television screen indicating the worth of their portfolios on a daily basis. Those who need to see in print [...]

By |2015-02-12T02:56:32+00:00February 12th, 2015|Blog, Featured, Property Management|Comments Off on Is Real Estate Investing for You?

Is an Inspection Really Necessary?

One question that seems to be commonly asked among those who are interested in real estate investment, particularly in flipping properties, is whether or not a real estate inspection is really necessary. The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so. First of all, a real estate inspection is the act of having a qualified (and in many states, licensed) professional take a look around the property you are considering and informing you of obvious and potential damage or problems with the property. This is not something you want your uncle Bob doing, unless of course, good old uncle Bob has had the training and experience to know what to look for in an inspection and [...]

By |2015-02-12T02:51:47+00:00February 12th, 2015|Blog, Featured, Property Management|Comments Off on Is an Inspection Really Necessary?

Investing In Home Foreclosures For Sale – Tips For Saving Money

There are more and more reports and studies about the rising amount of home foreclosures for sale. These appeal to both investors and individuals who are looking for more houses that they can afford. After the collapse of the housing market, the resulting decline in prices of all homes, foreclosed or not, has made the market even more appealing for buyers, experienced and novice alike. Experienced investors are very busy right now and trying to gobble up as much of the best deals on these properties that they can. It's not at all unheard of to buy one of these properties at 50% below market value and then do the repairs necessary to resell it just a few months later for the actual market value. But in order to make [...]

By |2015-02-12T02:46:42+00:00February 12th, 2015|Blog, Featured, Owners|Comments Off on Investing In Home Foreclosures For Sale – Tips For Saving Money

How to Find a Good Real Estate Investment Property

There are many ways in which you can find a great property for your real estate investment. The problem lies in the fact that many would be investors aren't exactly certain what specific types of investment they wish to make. Unfortunately, the type of investing will greatly affect the type of property that will best suit your real estate needs. This article focuses on finding a great property for the purpose of flipping or rehabbing a property. Seek Bargains This is absolutely a necessary step when it comes to finding properties with excellent potential as flipped properties. Bargains are often sold at bargain prices for a reason. The good news is that many of these reasons are purely cosmetic and quite simple to fix. Finding a realtor that is willing [...]

By |2015-02-12T02:43:22+00:00February 12th, 2015|Blog, Featured, Property Management|Comments Off on How to Find a Good Real Estate Investment Property

Are You Committed to Your Real Estate Investment?

There are many questions that should be asked before embarking upon a career of real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a profit you must be at times ruthless when dealing with buyers and sellers but ethical to a fault when it comes to the work that must often be done in order to get a property in sellable condition. The reason a serious commitment is needed in order to make real estate work for you is simple. There will be ups and downs along the way. The stock market experiences rises and falls on a regular [...]

By |2015-02-12T02:45:39+00:00February 12th, 2015|Blog, Featured, Owners|Comments Off on Are You Committed to Your Real Estate Investment?