Buying a multifamily home of two or more units is different than buying a single-family home because it’s an investment and you need a loan specifically designed for a multifamily property. Buying a multifamily home takes six steps, such as researching the neighborhood and choosing your lender, and the entire process can be completed in…
Rental Market Analysis: What It Is & How to Complete One
A rental market analysis (RMA) helps investors assess the rental potential of a specific area. Typically, you figure out the adjusted price per square foot of comps and then multiply by the square feet of properties for sale. If the average rent is higher than the average price of available properties, the rental market is…
Landlord Tenant Law: Overview with State by State Interactive Map
Landlord tenant law is a general term used to describe state and local laws that govern the landlord tenant relationship. These laws include landlord and tenant responsibilities, such as handling security deposits, subletting, and evictions. Laws vary by state, but a number of states base their statutes on the Uniform Residential Landlord and Tenant Act…
Residential Lease Agreement [+ Free Downloadable Templates]
A residential lease agreement outlines the terms and conditions of the tenancy, such as rental amount and security deposit. It should also include the rights and responsibilities of a landlord and a tenant. There are typically 3 types of residential lease agreements based on property type, but the specific contents of the leases will vary…
Landlord Checklists Plus Free PDFs: Move In, Move Out & More
A landlord checklist helps protect the landlord from having to pay for damages that aren’t his responsibility. These checklists are also an organizational tool and are an efficient way to help deal with the paperwork that comes with being a landlord. is also a helpful digital tool in screening tenants, storing leases, and collecting rent….
How to Find & Buy For Sale By Owner Homes (FSBOs) in 6 Easy Steps
Learning how to find and buy for sale by owner properties (FSBOs) can be a positive experience, and we can show you how to do it in six easy steps. These steps include things like choosing a neighborhood, locating the property itself, securing financing, making an offer, and going through the entire closing process. If…
How to Become a Landlord in 6 Steps
There are plenty of reasons to buy investment property and become a landlord. For example, it can be a positive long-term investment strategy that provides passive income streams. However, becoming a landlord can be complicated, and it’s important to follow the right steps when deciding to take the leap into rental property ownership. Here are…
Normal Wear and Tear for Rental Properties: A Landlord’s Guide
Normal wear and tear is damage that naturally occurs in an investment property due to aging. It typically results from a tenant living in the property and is considered normal depreciation. It’s not caused by neglect or abuse of the property. Landlords need to fix normal wear and tear but aren’t required to fix tenant…
How to Wholesale Real Estate the Right Way
Wholesaling real estate is when a real estate wholesaler puts a distressed home under contract with the intent to assign that contract to another buyer. The wholesaler doesn’t plan on fixing up or selling the property. Instead, they market the home to potential buyers for a higher price than they have the property under contract…
How to Find REO Properties for Sale
Real Estate Owned (REO) properties have been foreclosed on and are now in the possession of a lender. The lender offers the properties at a discount to recoup as much money as they can. Investors can find REO properties through websites and auctions, REO banks, and real estate brokerages. Where to Find REO Properties For…
8 Steps to Buying a HUD Home: An Investor’s Guide
HUD homes are 1- to 4-unit residential properties that have been foreclosed on by an FHA insured lender. As an investor, buying HUD homes is more involved than buying other foreclosed properties. Those purchasing a HUD property will find important differences in everything from finding HUD leads to financing the purchase of a HUD home….
Gross Rent Multiplier (GRM): How to Calculate & Formula
Gross rent multiplier (GRM) is a figure used to evaluate multi-unit and commercial income producing real estate investments. It uses the price of the building, divided by the gross rents to arrive at a ratio that may be compared and contrasted with similar investments in a similar market. How Gross Rent Multiplier Is Used The…