How to get into Real Estate on a $40,000 a Year Salary

Posted by Admin on Friday, June 15, 2018

According to real estate mogul Sidney Torres, you don't need a lot of money to flip your first property. And he knows from personal experience. When Torres first got into real estate in 1997, he was making only about $25,000 a year working at a construction company. With overtime pay, he brought home anywhere from $30,000 to $40,000 a year, he tells CNBC Make It. Thanks to help from a mentor, his old soccer coach who was a real estate agent, Torres bought his first property and successfully flipped it despite his small salary. Here's how to do the same, in three steps:

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Tags: Investor

Lakeview Park, Birmingham, Alabama

Posted by Admin on Friday, June 8, 2018

Birmingham, Alabama has so many grand old houses and buildings it's sometimes easy to forget that she's one of the youngest old girl on the block.  Birmingham was officially founded in 1871.  Atlanta, GA was founded in 1847, Montgomery and Tuscaloosa in 1819, Huntsville in 1805, and the "elder sister" of them all, Mobile which was founded in 1702.

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Tags: Historic real estate, Investor

Clear Titles

Posted by Admin on Friday, June 1, 2018

Clear title is the phrase used to state that the owner of real property owns it free and clear of encumbrances. In a more limited sense, it is used to state that, although the owner does not own clear title, it is nevertheless within the power of the owner to convey clear title. For example, a property may be encumbered by a mortgage. This encumbrance means that no one has clear title to the property. However, standard terms in a mortgage require the mortgage holder to release the mortgage if a certain amount of money is paid. Therefore, a buyer with enough money to satisfy both the mortgage and the current owner can get clear title.

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Tags: Investor

Value Adds for your Investment Property

Posted by Admin on Friday, May 25, 2018

Value Adds are improvements that you make to a property that increases the value more than the cost of the improvements.  Many investors like a turn key property that is completely done with all possible improvements already made.  There’s absolutely nothing wrong with this approach if you are willing to pay more and wait longer for your return on investment.  However, if you are willing to do a little creative thinking, roll up your shirtsleeves and get to work, value add properties will give you a much higher return on investment and a lot faster.

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Tags: Investor

Due Diligence

Posted by Admin on Friday, May 18, 2018

Some real estate investors are more comfortable investing in their geographical area while others don’t mind investing on the other side of the country.  No matter where you decide to invest, your due diligence process should be the same.  

 

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East Lake Atheneum/St. Thomas on the Hill in Birmingham, Alabama

Posted by Admin on Friday, May 4, 2018

 

 

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Tags: Historic real estate

Introduction to Residential Real Estate Investments for the New Investor or the Investor Wannabe

Posted by Admin on Friday, April 27, 2018

Introduction to Residential Real Estate Investments

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Tags: Investor

The Thomas and Pratt City Neighborhoods of Birmingham Alabama

Posted by Admin on Tuesday, April 17, 2018

The discovery of a high grade coking coal in 1879 began the industry upon which Birmingham, Alabama was born. This mineral wealth was touted far and wide by entrepreneurs such as Enoch Ensley and attracted industrial investment to Birmingham. Below he is pictured with an 11-ton lump of coal en route to the New Orleans World Exposition of 1884.

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Rental Profit - How Much Should You Make?

Posted by Admin on Friday, April 6, 2018

How much rental income should I make as an investor?  This is possibly the most asked questions that new investors ask.  The answer to that question is, there is no magic number. Every investor, every property, and every investment strategy is different.  This article contains a few guidelines to help you determine how much profit to expect from private rental properties.

 

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What Kind of Real Estate Investment is Right for You?

Posted by Admin on Tuesday, March 27, 2018

What kind of Real Estate Investment is a Good Fit for You?

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