Real Estate Adventurer https://realestateadventurer.com/ Real Advice From Someone That Is Actually Doing It Fri, 24 Nov 2023 14:46:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://realestateadventurer.com/wp-content/uploads/2023/03/cropped-rea_logo_cropped-32x32.jpg Real Estate Adventurer https://realestateadventurer.com/ 32 32 How To Invest in Real Estate: No Money and Bad Credit https://realestateadventurer.com/how-to-invest-in-real-estate-no-money-and-bad-credit/ Mon, 14 Aug 2023 18:43:46 +0000 https://realestateadventurer.com/?p=7648 It is challenging for a buyer to invest in real estate with no money and bad credit. Having money gives real estate investors more options. Good credit gives the investor access to capital, which can close deals. Investing in real estate with no money and bad credit is possible when the investor buys properties at… Read More »How To Invest in Real Estate: No Money and Bad Credit

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]]> Real Estate Settlement: Closing Statement [Example] https://realestateadventurer.com/real-estate-settlement-closing-statement-example/ Mon, 10 Jul 2023 15:56:04 +0000 https://realestateadventurer.com/?p=7563 A real estate closing statement, also known as a settlement statement, is a document that provides a detailed breakdown of the financial transactions involved in the transfer of real property. This article will use an example real estate closing statement and explain each line in detail. It will be prepared by the closing real estate… Read More »Real Estate Settlement: Closing Statement [Example]

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]]> Are Landlords Responsible for Appliances? https://realestateadventurer.com/are-landlords-responsible-for-appliances/ Thu, 22 Jun 2023 15:00:48 +0000 https://realestateadventurer.com/?p=7502 I have been managing rental properties for more than 16 years. I have 70 rental properties and often have problems with an appliance. Are landlords responsible for appliances? Landlords are typically responsible for repairing or replacing appliances included in the rental unit. Tenants are responsible for repairing appliances they bring into the rental property. The… Read More »Are Landlords Responsible for Appliances?

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]]> Are landlords responsible for Air Filters? https://realestateadventurer.com/are-landlords-responsible-for-air-filters/ Mon, 19 Jun 2023 18:41:56 +0000 https://realestateadventurer.com/?p=7465 I have been managing rental properties since 2007. Since that time, I’ve learned everything there is to know about being an effective landlord. Now I know if landlords are responsible for air filters. Landlords are not responsible for replacing air filters. Replacing the air filters is generally a tenant’s responsibility. However, the landlord can take… Read More »Are landlords responsible for Air Filters?

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]]> Are Landlords Responsible for Light Bulbs? https://realestateadventurer.com/are-landlords-responsible-for-light-bulbs/ Mon, 19 Jun 2023 17:06:37 +0000 https://realestateadventurer.com/?p=7408 I’ve been a landlord for more than 16 years. During that time, I managed hundreds of tenants and studied the rules in several states. I know how to effectively manage rental properties, and I know whether or not landlords are responsible for light bulbs. A landlord is not responsible for replacing light bulbs in a… Read More »Are Landlords Responsible for Light Bulbs?

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]]> What Does a Property Management Company Do? https://realestateadventurer.com/what-does-a-property-management-company-do/ Thu, 15 Jun 2023 22:35:44 +0000 https://realestateadventurer.com/?p=7325 Understanding the pros and cons offered by property management firms is crucial for real estate investors. A property owner must know precisely what these companies do before deciding if professional property management services are best for their rental business. This article is all an investor needs to understand exactly what a property management company does.… Read More »What Does a Property Management Company Do?

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]]> 10 Property Management Tips From A Real Landlord [2023] https://realestateadventurer.com/property-management-tips-from-a-real-landlord/ Sun, 11 Jun 2023 19:40:33 +0000 https://realestateadventurer.com/?p=7236 Whether you are a first-time landlord or a successful landlord looking to improve efficiency, this article is for you. The property management tips below will help you become an effective property manager. These tips will bring you peace of mind, increased cash flow, and reduced expenses. Why should you listen to me? I am an… Read More »10 Property Management Tips From A Real Landlord [2023]

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]]> Getting a Loan for Multiple Rental Properties https://realestateadventurer.com/getting-a-loan-for-multiple-rental-properties/ Thu, 08 Jun 2023 08:48:00 +0000 https://realestateadventurer.com/?p=1760 Getting a loan on multiple rental properties differs from getting a mortgage on your first property. As the number of properties and mortgages increases, you must look at different tactics to secure funding. I faced these challenges years ago, and now I know all about getting a loan on multiple properties, and I am here… Read More »Getting a Loan for Multiple Rental Properties

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]]> Start Wholesaling Real Estate:Beginners Guide [2023] https://realestateadventurer.com/start-wholesaling-real-estatebeginners-guide-2023/ Sat, 27 May 2023 15:36:31 +0000 https://realestateadventurer.com/?p=7063 I’ve been investing in real estate for more than 16 years. Over that time, I have built a rental portfolio with more than 70 houses. I have sold house wholesalers and entertained many deals for wholesalers. Now I will show you how to start wholesaling real estate. As an experienced investor with firsthand knowledge and… Read More »Start Wholesaling Real Estate:Beginners Guide [2023]

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]]> How to Deal with a Tenant Not Paying the Rent https://realestateadventurer.com/how-to-deal-with-a-tenant-not-paying-the-rent/ Fri, 26 May 2023 05:46:00 +0000 https://realestateadventurer.com/?p=1628 A tenant not paying the rent is possibly the worst problem the average landlord will face. Fortunately, it’s a common problem, and there are solutions. I own a property management company, have over 70 rental properties, and have been a landlord for more than 16 years. Over that time, I’ve learned how to deal with… Read More »How to Deal with a Tenant Not Paying the Rent

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]]> 10 Investing Tips From an Actual Real Estate Investor https://realestateadventurer.com/real-estate-investing-tips-from-an-actual-investor/ Wed, 24 May 2023 18:44:00 +0000 https://realestateadventurer.com/?p=1282 This article will give you real-life tips, from an actual investor, on how to manage your real estate investing to generate wealth. I am an actual investor and have been doing this for 15 years. I am not an author writing about a subject I’ve researched. I am not a large conglomerate with a team… Read More »10 Investing Tips From an Actual Real Estate Investor

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]]> How to Start Investing in Real Estate [Guide] https://realestateadventurer.com/how-to-start-investing-in-real-estate-guide/ Wed, 24 May 2023 00:07:21 +0000 https://realestateadventurer.com/?p=6009 I have been investing in real estate for more than 16 years. I have over 70 rental properties, have done many flips, sold houses wholesale, and am a hard money lender. I’ll teach you how to start investing in property. This article will show new investors how to invest in rental properties, flip properties, and… Read More »How to Start Investing in Real Estate [Guide]

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]]> 11 Steps to Easily Manage Your Rental Property https://realestateadventurer.com/the-5-steps-to-easily-manage-your-rental-property/ Tue, 23 May 2023 16:42:00 +0000 https://realestateadventurer.com/?p=2218 You’ve got your first rental house and have no idea how to manage rental property effectively. I have been managing my own rental houses for over 15 years, and I’ve developed a process that reduces the hassle and time commitment required. I will teach you the method I used when I had one house, which… Read More »11 Steps to Easily Manage Your Rental Property

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]]> What Size Electrical Breaker Do I Need For Hot Tub? https://realestateadventurer.com/what-size-electrical-breaker-do-i-need-for-hot-tub/ Tue, 23 May 2023 14:23:53 +0000 https://realestateadventurer.com/?p=6835 As a real estate investor, I recently acquired a property with a malfunctioning hot tub, which prompted me to write this article. I’ll provide valuable insights and guidance on determining the appropriate size electrical breaker for your type of hot tub. Whether dealing with faulty or inadequate hot tub wiring, I aim to help you… Read More »What Size Electrical Breaker Do I Need For Hot Tub?

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]]> Rentals: Using a Property Management Company OR DIY https://realestateadventurer.com/should-you-use-a-property-management-company/ Fri, 19 May 2023 20:21:00 +0000 https://realestateadventurer.com/?p=1208 I have been building a portfolio of rental properties for the last 15 years and have nearly 70 properties. I have managed the properties myself, used a professional property management company for my rentals, and now own a property management company. I understand this business from both sides, so let me show you whether hiring… Read More »Rentals: Using a Property Management Company OR DIY

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]]> The Real Estate Adventurer https://realestateadventurer.com/about/ Thu, 18 May 2023 21:33:09 +0000 https://realestateadventurer.com/?p=6786 Don Chambers Over the years of working in software engineering, I have seen firsthand a plethora of information available on many technical topics. Information on learning a new programming language is plentiful and free. There are many sources to learn how to change your car’s oil, wire a light switch, or even ride a bike.… Read More »The Real Estate Adventurer

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]]> Rent Roll https://realestateadventurer.com/rent-roll/ Fri, 12 May 2023 18:06:06 +0000 https://realestateadventurer.com/?p=6594 April 31, 2023 Address Rent 1 100 Eleanor Circle 795.00 2 100 Knightsvue Place 1,075.00 3 1001 Green St 925.00 4 101 Forrester Dr 965.00 5 101 Susan Dr 850.00 6 1011 Green St 920.00 7 102 Stevens St 770.00 8 103 Alabama Place 825.00 9 103 Madrid St 820.00 10 103 Oklahoma Ct 970.00… Read More »Rent Roll

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]]> Pest Control Responsibility: Landlord or Tenant? https://realestateadventurer.com/pest-control-responsibility-landlord-or-tenant/ Fri, 12 May 2023 17:35:52 +0000 https://realestateadventurer.com/?p=6567 The issue of pest control responsibility is a common source of debate and confusion in the realm of landlord-tenant relationships. As a pest problem can cause significant discomfort, health hazards, and property damage, it is essential to understand the respective roles and obligations of landlords and tenants in addressing these unwelcome intruders. In this article,… Read More »Pest Control Responsibility: Landlord or Tenant?

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]]> Can Tenants Change Locks? Legal Considerations https://realestateadventurer.com/can-tenants-change-locks-legal-considerations/ Tue, 09 May 2023 18:57:25 +0000 https://realestateadventurer.com/?p=6526 Tenants often wonder if they can change the locks on their rental unit without the landlord’s permission. While the answer to this question may seem straightforward, it actually depends on various legal factors and considerations. In this article, we will explore the legal considerations if a tenant makes a change to the locks without the… Read More »Can Tenants Change Locks? Legal Considerations

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]]> Private Landlord: Responsibilities and Best Practices https://realestateadventurer.com/private-landlord-responsibilities-and-best-practices/ Fri, 05 May 2023 20:11:06 +0000 https://realestateadventurer.com/?p=6482 Renting a home is a popular option for many people, and it’s not uncommon to find rental properties owned and managed by private landlords. But what exactly is a private landlord, and what does it mean for tenants who rent from them? In this article, we will explore the concept of private landlords and what… Read More »Private Landlord: Responsibilities and Best Practices

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]]> Can a Landlord Look in My Bedroom? https://realestateadventurer.com/can-a-landlord-look-in-my-bedroom/ Fri, 05 May 2023 17:19:31 +0000 https://realestateadventurer.com/?p=6440 A landlord can look in your bedroom but only under certain circumstances. Generally, a landlord must provide proper notice and have a valid reason to enter your rental unit, as outlined in the lease agreement and local laws. Routine inspections, repairs, or cases of emergency are some examples of valid reasons. As a tenant, it’s… Read More »Can a Landlord Look in My Bedroom?

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]]> Should I Charge More for a Month-to-Month Lease? https://realestateadventurer.com/how-much-more-should-i-charge-for-a-month-to-month-lease/ Thu, 04 May 2023 15:31:00 +0000 https://realestateadventurer.com/?p=771 This article will examine month-to-month leases and help you decide how much more these tenants should be charged. I have been managing rental properties for over 16 years and have tried many strategies for managing month-to-month tenants. I have discovered what works and doesn’t and am here to share this knowledge. How much more should… Read More »Should I Charge More for a Month-to-Month Lease?

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]]> The House on Hawthorne https://realestateadventurer.com/the-house-on-hawthorne/ Wed, 03 May 2023 02:27:33 +0000 https://realestateadventurer.com/?p=6363 The house on Crestwood is a flip house. Read the articles below to follow along.

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]]> The House on Crestwood https://realestateadventurer.com/the-house-on-crestwood-2/ Wed, 03 May 2023 02:21:55 +0000 https://realestateadventurer.com/?p=6361 The house on Crestwood is a flip house. Read the articles below to follow along.

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]]> Welcome! https://realestateadventurer.com/welcome/ Wed, 03 May 2023 02:07:29 +0000 https://realestateadventurer.com/?p=6353 Welcome to the Real Estate Adventurer. This is where I show you all the details of my actual deals. I’ll tell you how I found the property, explain my plan, and show the closing documents. As I get the house ready, I’ll give you updates and show pictures. This House I will start by showing… Read More »Welcome!

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]]> 04/04/23 – Williams Painted and Has New Flooring https://realestateadventurer.com/04-04-23-williams-has-new-flooring/ Mon, 01 May 2023 13:56:17 +0000 https://realestateadventurer.com/?p=6162 Hey guys! Welcome back to my renovation blog. It’s been a while since I’ve given you an update on the Williams project, so I’m excited to share the latest news with you. In total, I spent $11,905.12 on materials and services, which included: I’m proud to say that I successfully completed both the painting and… Read More »04/04/23 – Williams Painted and Has New Flooring

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]]> How Long to Let Paint Dry Before Hanging Pictures https://realestateadventurer.com/how-long-to-let-paint-dry-before-hanging-pictures/ Wed, 26 Apr 2023 22:17:58 +0000 https://realestateadventurer.com/?p=6015 When it comes to painting your home, one of the most important steps is allowing the paint to dry properly before hanging pictures or other items on the wall. The drying time is crucial for ensuring the paint job looks great and lasts a long time. In this comprehensive guide, we will discuss how long… Read More »How Long to Let Paint Dry Before Hanging Pictures

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]]> 3 Most Important Things in Real Estate [Never Location] https://realestateadventurer.com/real-estate-investing-its-not-location-location-location/ Fri, 21 Apr 2023 11:12:00 +0000 https://realestateadventurer.com/?p=1949 What are the 3most important things for investing in real estate? For nearly a century, we have been told its location, location, location. The word location is repeated three times for emphasis, but this could not be further from the truth. While the location of a property is often the most important attribute for determining… Read More »3 Most Important Things in Real Estate [Never Location]

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]]> How To Replace a Two-Handle Shower Valve with Faucet https://realestateadventurer.com/how-to-replace-a-two-handle-shower-valve-with-faucet/ Wed, 19 Apr 2023 13:54:59 +0000 https://realestateadventurer.com/?p=5856 Real estate investors often engage in property renovations and upgrades to enhance the value and appeal of their investment properties. When it comes to bathroom renovations, a common task undertaken by landlords is to replace a two-handle shower valve and the faucet. A two-handle shower valve is a plumbing fixture that controls the flow of… Read More »How To Replace a Two-Handle Shower Valve with Faucet

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]]> Liquidity of Real Estate Investments: Residential Property https://realestateadventurer.com/liquidity-of-real-estate-investments-residential-property/ Sat, 15 Apr 2023 15:37:13 +0000 https://realestateadventurer.com/?p=5672 A lack of liquidity is inherent in real estate investing. This surprises new investors, but I have a workaround to increase the liquidity of real estate investments. I’ve been investing in real estate for over 15 years and have a residential real estate portfolio with more than 70 houses. How do you increase the liquidity… Read More »Liquidity of Real Estate Investments: Residential Property

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]]> Should I Handle Rental House Repairs Myself? https://realestateadventurer.com/rental-repairs-should-i-do-them-myself-or-hire-a-contactor/ Tue, 11 Apr 2023 18:19:28 +0000 https://realestateadventurer.com/?p=1138 If you own rental properties long enough, repairs will inevitably be needed. A new landlord will often face the dilemma of handling rental house repairs themselves or spending money on a professional. I am an actual landlord with over a decade of experience and over 70 rental properties, and I have faced that predicament numerous… Read More »Should I Handle Rental House Repairs Myself?

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]]> Ultimate Guide: Buy Your First Rental Property https://realestateadventurer.com/the-ultimate-guide-to-buying-your-first-rental-property/ Fri, 07 Apr 2023 16:55:00 +0000 https://realestateadventurer.com/?p=876 I have been buying rental properties for over 15 years and now have over 70 single family homes. I bought my first rental property in 2007, and it was a debacle. In fact, I made big mistakes with my first three investment properties, and these mistakes stayed with me until I sold those properties in… Read More »Ultimate Guide: Buy Your First Rental Property

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]]> 33 Essential Questions to Ask Hard Money Lenders https://realestateadventurer.com/essential-questions-to-ask-hard-money-lenders/ Mon, 03 Apr 2023 18:56:53 +0000 https://realestateadventurer.com/?p=5270 Hard money lenders, also known as private lenders, can be expensive. Compared to traditional lenders, hard money lending will come with higher interest rates and shorter loan terms. However, they can also be a savior to real estate investors who know the questions to ask hard money lenders. If you have found an investment property… Read More »33 Essential Questions to Ask Hard Money Lenders

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]]> Hard Money Loans: All you Need to Know [2023] https://realestateadventurer.com/hard-money-loans-all-you-need-to-know-2023/ Mon, 03 Apr 2023 18:56:24 +0000 https://realestateadventurer.com/?p=5245 Hard money loans are investor-focused loans with no minimum credit score that can be used to flip houses, buy rental properties, or complete a BRRRR project. I’ve been investing in real estate for more than 15 years, and I’ve seen all kinds of hard money loans. I have recently begun loaning hard money myself, and… Read More »Hard Money Loans: All you Need to Know [2023]

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]]> Georgia: How Long to Evict Tenant [Eviction Process] https://realestateadventurer.com/georgia-how-long-to-evict-tenant-eviction-process/ Wed, 29 Mar 2023 23:45:59 +0000 https://realestateadventurer.com/?p=5078 Evicting a tenant is never a pleasant experience, and it’s best if you can remedy the problem by other means. The eviction process varies significantly by state and can even differ by county. I have been a landlord in Georiga for over 15 years and have been involved with numerous evictions. I can teach you… Read More »Georgia: How Long to Evict Tenant [Eviction Process]

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]]> 03/24/23 – Crestwood – Renovation Continues https://realestateadventurer.com/03-24-23-crestwood-renovation-continues/ Sat, 25 Mar 2023 14:38:09 +0000 https://realestateadventurer.com/?p=5215 The renovation on Crestwood is nearing completion. I have completed painting the interior and replacing all the carpets. Next week I will replace rotten wood on the deck and repair a broken window. Here is a breakdown of the cost since my last report: New Carpet: $1,707.01Cleaning: $350.00Materials: $85.00 Total: $2,142.01 This puts me at… Read More »03/24/23 – Crestwood – Renovation Continues

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]]> 3/24/23 – Williams – Back on Track https://realestateadventurer.com/3-24-23-william-back-on-track/ Sat, 25 Mar 2023 13:08:21 +0000 https://realestateadventurer.com/?p=5204 I paused the renovation work on this house to work on the house on Crestwood. This week I start back up. I found a painting contractor to fill in for my handyman, and he started work. The carpet installers showed up early, which conflicted with the painter. The carpet team pulled up the old flooring,… Read More »3/24/23 – Williams – Back on Track

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]]> Do You Need a License to Flip Houses? https://realestateadventurer.com/do-you-need-a-license-to-flip-houses/ Fri, 24 Mar 2023 21:27:06 +0000 https://realestateadventurer.com/?p=4777 Do I need a contractor’s license to flip houses? No. Do you need a real estate license to flip a house? No. Do you need a business license to be a house flipper? No. Do you need an LLC to flip a property? No. You should always check with your local planning and zone boards,… Read More »Do You Need a License to Flip Houses?

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]]> 03/17/23 – Williams Renovation is Still Paused https://realestateadventurer.com/03-17-23-williams-renovation-is-still-paused/ Sat, 18 Mar 2023 13:36:45 +0000 https://realestateadventurer.com/?p=4077 There has been very little progress on the Williams house. I moved my resources to the Crestwood house because it will be a more profitable flip, and I have more money tied up in that house. Since the last update, a new HVAC has been installed, and I have bid for the kitchen cabinets and… Read More »03/17/23 – Williams Renovation is Still Paused

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]]> BRRRR Method vs. House Flip: Which is Better? https://realestateadventurer.com/brrrr-method-vs-house-flip-which-is-better/ Sat, 18 Mar 2023 02:28:56 +0000 https://realestateadventurer.com/?p=3989 Which is better, a house flip or a BRRRR investment? I’ve been investing in real estate for over 15 years and have done both. I will show you the pros and cons and teach you which strategy is better. BRRRR and Flipping houses are both excellent strategies for investing in real estate. A BRRRR results… Read More »BRRRR Method vs. House Flip: Which is Better?

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]]> How Hard is Wholesaling Houses? https://realestateadventurer.com/how-hard-is-wholesaling-houses/ Thu, 16 Mar 2023 14:25:03 +0000 https://realestateadventurer.com/?p=3924 Wholesaling houses is hard. There are many moving parts on the journey to the closing table. I’ve been a real estate investor for over 15 years and have seen many wholesale deals. In this article, I’ll give you the details and even show you how to make Wholesaling houses is hard. You have to find… Read More »How Hard is Wholesaling Houses?

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]]> The Cost to Evict a Tenant https://realestateadventurer.com/the-cost-to-evict-a-tenant/ Mon, 13 Mar 2023 18:27:56 +0000 https://realestateadventurer.com/?p=3669 Having to evict a tenant is an unpleasant process for real estate investors and property managers. I’ve been managing rentals for more than 15 years, and I’ve evicted over 50 tenants. I understand the frustration and know how much it will cost to evict someone. The cost to evict a tenant is about $200 if… Read More »The Cost to Evict a Tenant

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]]> Real Estate Attorney vs Title Company:The Differences https://realestateadventurer.com/real-estate-attorney-vs-title-company-the-differences/ Sat, 11 Mar 2023 16:10:56 +0000 https://realestateadventurer.com/?p=3485 Real estate attorney vs title company! It’s not the bout of the century. The role of a real estate attorney and a title company is similar, and the difference is often confusing. I’ve worked with both for over 15 years of investing in real estate, and I can tell you the differences between the two.… Read More »Real Estate Attorney vs Title Company:The Differences

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]]> Landlord vs Property Manager https://realestateadventurer.com/landlord-vs-property-manager/ Thu, 09 Mar 2023 00:40:19 +0000 https://realestateadventurer.com/?p=3360 Landlord vs property manager. That sounds like an epic fight, but it’s only asking a question: what’s the difference between a landlord and a property manager? I’ve been a real estate investor for more than 15 years, personally own over 70 rental properties, and am the owner of a property management company. I am both… Read More »Landlord vs Property Manager

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]]> 13 Headaches for a Section 8 Real Estate Investor https://realestateadventurer.com/13-agonizing-hassles-for-a-section-8-real-estate-investor/ Tue, 07 Mar 2023 01:43:57 +0000 https://realestateadventurer.com/?p=3255 Being a Section 8 real estate investor will generally reduce tenant turnover and nearly guarantee that the rent gets paid. However, the benefits of the program stop right there. I have owned rental properties for over 15 years. I currently have more than 70 rental houses and own a property management company. I have rented… Read More »13 Headaches for a Section 8 Real Estate Investor

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]]> 5 Effective Ways to Recover Unpaid Rent https://realestateadventurer.com/5-effective-ways-to-recover-unpaid-rent/ Mon, 06 Mar 2023 15:17:49 +0000 https://realestateadventurer.com/?p=3178 If you manage rental properties long enough, you will eventually face a tenant that will not pay the rent. You must understand your options, including how long a landlord has to sue for unpaid rent. I have been a landlord for over 15 years, have over 70 rental properties, and own a property management company.… Read More »5 Effective Ways to Recover Unpaid Rent

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]]> 11 Devastating Real Estate Investing Mistakes https://realestateadventurer.com/5-devastating-real-estate-investing-mistakes/ Sat, 04 Mar 2023 21:42:59 +0000 https://realestateadventurer.com/?p=3096 Real estate investing can be a lucrative way to build wealth, but many pitfalls can lead to financial loss. I have been investing in real estate for over 15 years and have made many real estate investing mistakes. Over the years, I’ve realized which blunders are the most disastrous and what to do about them.… Read More »11 Devastating Real Estate Investing Mistakes

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]]> 03/08/23 – Crestwood – Renovation Begins https://realestateadventurer.com/crestwood-renovation-begins/ Fri, 03 Mar 2023 16:23:00 +0000 https://realestateadventurer.com/?p=3446 It’s been two weeks since I closed on the Crestwood house. I pulled my handyman off work on the Williams house so we could go for a quick flip on this house. Below is the work that has been completed: Property Insurance: $359.84 Clean Out the House: $180Materials: $682.30 Water Deposit: $125Materials: $544.93Landscaping: $500Commission: $500… Read More »03/08/23 – Crestwood – Renovation Begins

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]]> 03/03/23 – Williams – Renovation has Stalled https://realestateadventurer.com/03-03-23-williams-renovation-has-stalled/ Fri, 03 Mar 2023 03:12:32 +0000 https://realestateadventurer.com/?p=3427 I thought it was time for an update, but there has been no progress. The renovation on Williams has stalled. I bought two more houses, which will be more lucrative flips. I moved my handyman to another house and am getting contractor bids to finish this house. The handyman is working on the house on… Read More »03/03/23 – Williams – Renovation has Stalled

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]]> Can a landlord charge for carpet replacement? https://realestateadventurer.com/can-a-landlord-charge-for-carpet-replacement/ Thu, 02 Mar 2023 17:20:34 +0000 https://realestateadventurer.com/?p=3001 Carpets are a source of stress for tenants and landlords. Who is responsible for stains, rips, and burn marks on the carpet in a rental home? I can answer that. I have been a landlord for over 15 years, and I’ve paid for many carpet installations, charged a tenant for a carpet replacement, and even… Read More »Can a landlord charge for carpet replacement?

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]]> Customary real estate closing costs: Definitive Guide https://realestateadventurer.com/customary-real-estate-closing-costs-the-definitive-guide/ Thu, 02 Mar 2023 02:39:26 +0000 https://realestateadventurer.com/?p=2832 Closing Costs, or settlement costs, are the expenses paid in addition to the sales price to complete a real estate transaction. These costs may include property taxes, a recording fee, and the cost of a title search. I have been investing in real estate for over 15 years, have bought nearly 100 properties, and even… Read More »Customary real estate closing costs: Definitive Guide

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]]> How You Can Flip Houses Without Money https://realestateadventurer.com/flipping-houses-without-money/ Tue, 28 Feb 2023 16:31:37 +0000 https://realestateadventurer.com/?p=2774 How do you flip houses with little or no money? It’s not easy, but it can be done. I have been a real estate investor for over 15 years and have seen this happen several times. In fact, I am flipping a house right now, and I will share all the details. Money certainly makes… Read More »How You Can Flip Houses Without Money

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]]> Is It More Profitable to Rent or Flip a House? https://realestateadventurer.com/is-it-more-profitable-to-rent-or-flip-a-house/ Mon, 27 Feb 2023 20:50:41 +0000 https://realestateadventurer.com/?p=2654 Real estate investors frequently use two popular strategies: house flipping and owning rental properties. Which type of investment is the most profitable, the rent or the flip? I can answer that. I have been investing in real estate for more than 15 years; I have over 70 rental properties and have flipped countless houses. I… Read More »Is It More Profitable to Rent or Flip a House?

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]]> Let me Be Your Free House Flipping Coach https://realestateadventurer.com/let-me-be-your-free-house-flipping-coach/ Sun, 26 Feb 2023 17:37:51 +0000 https://realestateadventurer.com/?p=2555 A house flipping coach is a real estate professional who provides guidance and advice to individuals interested in buying, renovating, and reselling homes for a profit. A real estate coach typically has extensive experience in real estate investing and can provide practical tips, tools, and strategies to help their clients succeed in the competitive world… Read More »Let me Be Your Free House Flipping Coach

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]]> House Flipping for Beginners https://realestateadventurer.com/house-flipping-for-beginners/ Fri, 24 Feb 2023 19:03:57 +0000 https://realestateadventurer.com/?p=2414 You want to get into house flipping but don’t know how to get started. First, you need to know that house flipping is not like it looks on TV. It is dusty, dirty, and not as glamorous as you see on property brothers. Flipping a house is not as easy as buying an outdated home… Read More »House Flipping for Beginners

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]]> 02/24/23 – Crestwood Has Closed https://realestateadventurer.com/crestwood-has-closed/ Fri, 24 Feb 2023 16:08:00 +0000 https://realestateadventurer.com/?p=3433 On February 5, 2023, I entered into a verbal agreement to purchase the house and closed on that house on February 24; that’s 19 days. I found this house from a google lead. Therefore, no Realtor was involved. I prefer verbal agreement whenever possible. I am trying to solve people’s problems, not steal their equity.… Read More »02/24/23 – Crestwood Has Closed

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]]> Getting a Loan for a Rental Property https://realestateadventurer.com/getting-a-loan-for-a-rental-property/ Wed, 22 Feb 2023 18:47:07 +0000 https://realestateadventurer.com/?p=2356 Securing funding to purchase a rental house is challenging; it’s much harder than getting a loan on your primary residence. If you are familiar with a traditional mortgage, you are halfway there, but there is much to learn. I have over 70 rental properties, most with loans, so I have been through the process numerous… Read More »Getting a Loan for a Rental Property

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]]> The Pros and Cons of Owning Rental Property https://realestateadventurer.com/the-pros-and-cons-of-owning-rental-property/ Wed, 22 Feb 2023 03:29:52 +0000 https://realestateadventurer.com/?p=2304 Knowing the pros and cons of owning rental property can help you make an informed decision about whether or not to invest in this type of real estate. I have been investing for over 15 years and have experienced most of the cons firsthand. After building an investment portfolio with more than 70 properties, I… Read More »The Pros and Cons of Owning Rental Property

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]]> Is 2023 a Good Year to Buy a Rental Property ? https://realestateadventurer.com/is-this-a-good-year-to-buy-a-rental-property/ Mon, 20 Feb 2023 17:20:49 +0000 https://realestateadventurer.com/?p=2154 A new year is here, bringing changes we have not seen for decades. Interest rates are at nearly a two-decade high, and the seller’s market appears to be waning. Is buying a rental property a good idea in 2023? I have invested in single-family rentals for over 15 years and have seen many market trends.… Read More »Is 2023 a Good Year to Buy a Rental Property ?

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]]> 3 Reasons People Don’t Invest in Rental Properties https://realestateadventurer.com/drawbacks-to-rental-investing-and-how-to-overcome-them/ Sun, 19 Feb 2023 22:18:01 +0000 https://realestateadventurer.com/?p=2021 Why don’t more people invest in rental properties? There are many drawbacks to owning rental houses, but effectively overcoming these drawbacks will reward you with exceptional gains. I have amassed over 70 rental properties and often wondered why more people aren’t doing it. Now I know the answer. The main reasons more people do not… Read More »3 Reasons People Don’t Invest in Rental Properties

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]]> The Best Way for Landlords to Organize Keys https://realestateadventurer.com/the-best-way-for-a-landlord-to-organize-house-keys/ Sat, 18 Feb 2023 00:55:11 +0000 https://realestateadventurer.com/?p=1886 You arrive at your freshly remodeled house, ready to show the property to a young family looking for a rental. After some chit-chat, you slide the key into the doorknob, and when you turn the key, nothing! You have the wrong key, and you will likely lose this tenant. If you are a landlord with… Read More »The Best Way for Landlords to Organize Keys

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]]> Beating the Average Profit on a Rental Property https://realestateadventurer.com/profit-earned-on-a-rental-property/ Fri, 17 Feb 2023 01:29:48 +0000 https://realestateadventurer.com/?p=1807 Calculating how much profit you should make on a rental property is straightforward, but the key word here is “should.” Repair costs, while fairly standard across the industry, will vary based on how efficiently you run your rental business. Rental revenues will fluctuate based on how well you collect market rents. However, empirical research has… Read More »Beating the Average Profit on a Rental Property

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]]> 02/16/23 – The House on Hawthorne https://realestateadventurer.com/02-16-23-the-house-on-hawthorne/ Thu, 16 Feb 2023 15:29:00 +0000 https://realestateadventurer.com/?p=5226 I might have another house! I don’t like putting the address in the article, where it will easily appear on a search. However, I want you to follow along and know the actual house, so look at its qPublic page  or Zillow entry. How I Found It This house came from a lead submitted to my… Read More »02/16/23 – The House on Hawthorne

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]]> 10 Worst Reasons Real Estate Investors fail https://realestateadventurer.com/top-10-reasons-real-estate-investors-fail/ Mon, 13 Feb 2023 19:57:45 +0000 https://realestateadventurer.com/?p=1525 The world is full of aspiring real estate investors, and few get started. Of those that actually buy properties, more fail than not. If you are serious about investing in real estate, you must avoid the pitfalls and prepare for success. I’ve made many mistakes, but you can learn from my personal experience and incorporate… Read More »10 Worst Reasons Real Estate Investors fail

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]]> How do Real Estate Investors Run the Numbers https://realestateadventurer.com/how-a-professional-runs-the-numbers-on-a-rental-property/ Sun, 12 Feb 2023 21:32:35 +0000 https://realestateadventurer.com/?p=1455 This article will show you exactly how real estate investors run the numbers on a rental house, and it’s written by an actual rental property investor who has to run the numbers to survive. Real estate investing can be lucrative but easily become ruinous if you make mistakes calculating the numbers. I have been investing… Read More »How do Real Estate Investors Run the Numbers

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]]> 2/10/23 – Williams – Renovation Begins https://realestateadventurer.com/williams-renovation-begins/ Fri, 10 Feb 2023 19:25:27 +0000 https://realestateadventurer.com/?p=2209 It has been two weeks since I closed on the Williams house. Below is the work that has been completed. Roof: $7,150Plumbing: $4,250Clean Out: $700Materials and Supplies: $624.91Property Insurance: $338Commission: $500 Total: $13,562.91 The purchase price plus closing costs was $25,849.50, and I paid the bank a $20 wiring fee. I have now invested $39,432.41… Read More »2/10/23 – Williams – Renovation Begins

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]]> 3 Biggest: The Risk of Owning Rental Property https://realestateadventurer.com/the-risks-of-owning-rental-property/ Tue, 07 Feb 2023 17:10:45 +0000 https://realestateadventurer.com/?p=1042 There are many advantages to owning rental property, such as having a passive income source, investment diversification, and property appreciation. Owning a portfolio of single-family homes is an excellent way to build long-term wealth, but these investment properties come with risks. Sidestepping these perils takes experience, and this article will show you the biggest risks… Read More »3 Biggest: The Risk of Owning Rental Property

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]]> How to Make a Repair List for an Investment House https://realestateadventurer.com/how-to-make-a-repair-list-for-an-investment-house/ Sun, 05 Feb 2023 20:44:09 +0000 https://realestateadventurer.com/?p=823 You have found a possible deal on a rental house, and it’s time for your first walkthrough. Now you must learn how to make a repair list for an investment house and ascertain the property value. I will show you how to make the repair list and point you to what’s essential. Following the steps… Read More »How to Make a Repair List for an Investment House

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]]> 02/05/23 – The House on Crestwood https://realestateadventurer.com/the-house-on-crestwood/ Sun, 05 Feb 2023 03:11:55 +0000 https://realestateadventurer.com/?p=2215 I might have a new house! I don’t like putting the address in the article, where it will easily appear on a search. However, I want you to follow along and know the actual house, so look at its qPublic page or its Zillow entry. Please note the pictures on the Zillow page are the… Read More »02/05/23 – The House on Crestwood

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]]> The Best Way to Get into Real Estate https://realestateadventurer.com/the-best-way-to-get-into-real-estate-investing/ Fri, 03 Feb 2023 21:54:54 +0000 https://realestateadventurer.com/?p=1395 Are you considering investing in real estate but are unsure of the best approach? I have been a real estate investor for over 15 years and will share my experience. I have over 65 rental properties, flip houses a few times a year, and own a property management company. In this article, I’ll show you… Read More »The Best Way to Get into Real Estate

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]]> When To Hire A Full-Time Handyman For Rentals https://realestateadventurer.com/when-should-i-hire-a-full-time-handyman/ Fri, 03 Feb 2023 17:03:12 +0000 https://realestateadventurer.com/?p=732 Minor repairs and home improvements are a hassle when you own rental property, and your busy schedule doesn’t help. Staying on top of the daily activities and searching for skilled workers to handle larger jobs is a nuisance. Hiring a general contractor costs too much money, and searching for contractors for specific jobs is hit-or-miss.… Read More »When To Hire A Full-Time Handyman For Rentals

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]]> 10 Best Real Estate Investing Tips for Beginners https://realestateadventurer.com/the-10-most-important-real-estate-investing-tips-for-beginners/ Thu, 02 Feb 2023 18:50:48 +0000 https://realestateadventurer.com/?p=682 Here are the top real estate investing tips for beginners directly from an experienced investor who has done this. Strap on your training wheels, read this article, and start investing today. When I was a beginning real estate investor, very little accessible information was available on the topic. I spent well over ten years buying… Read More »10 Best Real Estate Investing Tips for Beginners

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]]> Retire Early: Buy One Rental Property per Year https://realestateadventurer.com/what-happens-when-you-buy-one-rental-property-a-year/ Wed, 01 Feb 2023 20:51:28 +0000 https://realestateadventurer.com/?p=607 Question: What happens if you buy one rental property a year for 20 years? Answer: You’ll get rich. If you buy a single rental property every year for 20 years, you will become a millionaire. Using the national average for rents and home values, you would have a monthly income of nearly $14,000 and a… Read More »Retire Early: Buy One Rental Property per Year

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]]> Inheriting a Rental House With a Tenant. https://realestateadventurer.com/what-to-do-if-you-inherit-a-rental-house-that-has-a-tenant/ Wed, 01 Feb 2023 03:26:23 +0000 https://realestateadventurer.com/?p=536 What if you’ve just inherited a rental house and have no experience as a landlord? Don’t worry. Inheriting a house with a tenant may seem daunting at first, but there are some simple steps you can take to handle this situation smoothly. I have over 15 years of experience owning and managing rental properties, and… Read More »Inheriting a Rental House With a Tenant.

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]]> Exactly How Much to Pay for a Rental House https://realestateadventurer.com/how-much-should-i-pay-for-a-rental-house/ Mon, 30 Jan 2023 17:07:06 +0000 https://realestateadventurer.com/?p=483 The amount you pay for a rental house is the #1 factor of success. I have been doing this for over 15 years and have purchased more than 75 rental houses. In the beginning, I paid too much, and I lived with that mistake until I sold the properties over a decade later. After 15… Read More »Exactly How Much to Pay for a Rental House

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]]> 10 Steps:Become a Millionaire Real Estate Investor https://realestateadventurer.com/10-steps-to-become-a-millionaire-real-estate-investor/ Mon, 30 Jan 2023 03:28:54 +0000 https://realestateadventurer.com/?p=438 You can become a real estate millionaire. I have done it, and I did it while raising a family and working a full-time job. It’s not a short term process. It’s hard work, but it’s doable by almost anyone. This article will show how to become a millionaire real estate investor. I will show you… Read More »10 Steps:Become a Millionaire Real Estate Investor

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]]> 5 Costly Damages a Landlord Can Charge a Tenant https://realestateadventurer.com/what-can-a-landlord-charge-for-damages/ Sun, 29 Jan 2023 01:55:34 +0000 https://realestateadventurer.com/?p=399 In most states, there is no limit to what a landlord can charge for damages, but they need to be able to justify every charge. Here are five things that a landlord can charge a tenant. It should be noted that state law and individual municipalities may have different rules governing the landlord-tenant relationship. In… Read More »5 Costly Damages a Landlord Can Charge a Tenant

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]]> Do Landlords Get Rich? I Did, Here’s How https://realestateadventurer.com/do-landlords-get-rich/ Thu, 26 Jan 2023 21:10:58 +0000 https://realestateadventurer.com/?p=328 Landlord, the lord of the land. This word from Middle English certainly implies wealth and power, and many billionaires made their fortune in real estate. Many more landlords found a path to financial ruin. Do landlords get rich? Landlords can get rich, but the bulk of this wealth will be on paper for many years.… Read More »Do Landlords Get Rich? I Did, Here’s How

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]]> 01/26/23 – Williams Has Closed https://realestateadventurer.com/williams-has-closed/ Thu, 26 Jan 2023 02:55:18 +0000 https://realestateadventurer.com/?p=2135 On January 12, 2023, I signed a contract to purchase the house and closed on that house on January 26; that’s 14 days. I pushed for it to happen faster, but the seller was slow in responding to the attorney. This deal involved a real estate agent, which slows down the process because you don’t… Read More »01/26/23 – Williams Has Closed

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]]> Estimate Rental Property Expenses [Real Cost] https://realestateadventurer.com/operating-expenses-for-single-family-rentals/ Wed, 25 Jan 2023 03:22:32 +0000 https://blog.sellmyhouseinwarnerrobins.com/?p=5 Forget antiqued guidelines or an outdated rule of thumb. I’ll teach you to figure out how much operating expenses are for a rental house. There are probably a lot more than you think. I use data and academic studies to predict the monthly operating costs of rental houses, and this article will give you an… Read More »Estimate Rental Property Expenses [Real Cost]

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]]> Determine Fair Market Rent for My Rental Property https://realestateadventurer.com/how-to-determine-market-rent/ Tue, 17 Jan 2023 23:03:21 +0000 https://blog.sellmyhouseinwarnerrobins.com/?page_id=43 Learning how to set market rent is a skill that every landlord needs to master. In fact, setting fair market rents is one of the first challenges a new landlord has with their rental house. That is a complicated process, but the best property managers follow these steps. These steps are simple to follow, and… Read More »Determine Fair Market Rent for My Rental Property

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]]> 01/12/23 – The House on Williams https://realestateadventurer.com/the-house-on-williams/ Thu, 12 Jan 2023 02:41:37 +0000 https://realestateadventurer.com/?p=1866 I might have a new house! I don’t like putting the address in the article, where it will show up easily on a search. However, I want you to follow along and know the actual house, so take a look at its qPulic page. or its Zillow entry. How I Found It In late December… Read More »01/12/23 – The House on Williams

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]]> About https://realestateadventurer.com/about-old/ Tue, 26 Nov 2019 12:23:06 +0000 https://demosites.io/blogger-gb/?page_id=6 The Real Estate Adventurer Don Chambers Over the years of working in software engineering, I have seen firsthand a plethora of information available on many technical topics. Information on learning a new programming language is plentiful and free. There are many sources to learn how to change your car’s oil, wire a light switch, or… Read More »About

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