This is a property I purchased in 2015 and simply haven't had time to complete, but will be working on in 2017. I'll begin to track my budget and eventually return on investment as I begin to focus on this project more in the summer of 2017. Until then, here are some current before pictures along with...
Calculating real estate values can be as simple as 1, 2, 3! There are three ways appraisers go about determining the fair market value of income producing property. These three approaches are: Income Approach Market Data / Comparable Sales Approach Cost / Replacement Value Approach Each of the models is unique and take a completely different viewpoint. You'll notice that I also used two...
You see them in almost every neighborhood, but did you realize that trees are a great way to raise the value of your home? According to a diagram presented by the arbor day foundation, trees can increase the value of your property by up to 15%. That's a big shift! If you owned a home that is...
Today I have the privilege to share with you an interview with Ronnie Adams from Real Estate Guide 2 Success. Ronnie is a former school teacher turned successful real estate investor. Through hard work and perseverance, Ronnie now enjoys the benefits of financial freedom. His story is one that should inspire first time investors and entrepreneurs...
According to the U.S. census, the average size home in America is actually starting to decrease. Since the market peak in 2007 homes in the US have shrunk approximately 108 on average from 2,277 in 2007 to 2,169 in 2010. This data, of course, is for new construction, which over the past few years has pretty much...
According to CNN Money, the most expensive housing market in the USA is... drum roll please... HONOLULU! I can attest Honolulu, is VERY expensive, but it is possible to live there cheaply if you do it right. Heck, I lived in Honolulu for about $1,000 a month, but it's not for everyone. If you're focused enough on achieving financial freedom in...
This project took a few years and included ripping out a chimney that went from the basement to the roof, which became unnecessary when I put a new furnace in the house. The hardwood flooring is original maple and was carpeted over. The kitchen floor is new as there was no wood floor originally in the kitchen. A large...
I just wanted to share a few cool videos I found from IKEA. I have to admit, I currently don't own anything IKEA, most likely because I don't live near an IKEA, and even if I did I'm wayyyy too frugal to even tempt myself by walking in the doors of a store like that. In any case, the...
Housing is by far the most expensive budget item for practically everyone. So it should come as no surprise that we spend years of our lives working simply to pay for the place we call home. But exactly how many hours of your life are dedicated simply to having a place to sleep at night? And...
Although the 2010 New York gubernatorial race is over, some of us may still be experiencing rent that's simply "too damn high." Since Jimmy McMillan and his promise to allow New Yorkers to "marry a shoe," are a distant memory, our pocketbooks are probably still bleeding. So with the rent still at astronomical levels I thought I'd...