Leonard Q., Author at TheRealEstateScore

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How To Make $30,000 More per Year With Only 3 Months of Work in Real Estate

Buying, owning, and renting real estate properties will substantially increase your yearly income. Just a small apartment in a decent part of town can bring you $10-20k per year in income. A process that can only take several months will guarantee you rental income for the rest of your life, for the rest of your children’s lives, or for as long as you choose to hold the property.

By Leonard Q. September 8, 20221 Comment

Analysis Investing

Top 10 Criteria I Look For When Purchasing Rental Properties

Rental properties come in all shapes and sizes. You can purchase a condo, a townhouse, a single-family or multi-family home, or you can purchase a large 100-unit apartment building. You can even buy an empty plot of land and build your rental property on it.

By Leonard Q. September 8, 2022No Comments

Analysis Investing Landlords Renovations

Analysis of Deal: Property at 61st Way N, Saint Petersburg, FL

The property at 61st Way N in Saint Petersburg, FL is one of the first investments I made as a real estate investor. It is a single-family residential home, a 4-bedroom, 3-bathroom 2,250 square foot home 15 minutes from downtown Saint Petersburg and 15 minutes from St. Pete Beach.

By Leonard Q. September 8, 20223 Comments

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Investing

The First Step To Begin Attracting Investors To Fund Your Real Estate Deals

In order to begin to attract investors, starting a business is one of the first key steps. For someone to invest in your business, you will need to develop the credibility that comes with being an expert and an educator in the industry. Of course, if you are just starting out, you will need to build this reputation from scratch.

By Leonard Q. September 8, 2022No Comments

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Investing

What’s The Deal With PMI (Mortgage Insurance) and Should You Really Avoid It?

When purchasing a property, you will need to put money down in order to get a loan. Contrary to popular belief, you do not always need to put 20% down in order to purchase a property. Sometimes, depending on the structure of the loan, you will be able to put down as little as 3.5%. This is what is known as an FHA loan.

By Leonard Q. September 8, 20222 Comments

Analysis Investing

The Remote Investor: Tips For Buying a Property Outside Your Home State

The United States is not just one market, but rather it is a mosaic of thousands of real estate markets. During the same time that a city like Detroit could be hurting, a city like San Francisco could be flourishing. If you only invest in your hometown, you are forfeiting many potential investment opportunities in other markets all over the country.

By Leonard Q. September 8, 2022No Comments

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Debt & Saving Investing

The Wise Investor: Pay All Cash or Take Out Debt?

Paying all cash guarantees that you wont have a mortgage, therefore you wont pay any interest. Using the cash for several down payments guarantees that you are able to invest in multiple properties. Having your home paid free and clear means more cash flow every month. Having multiple properties diversifies your portfolio.

By Leonard Q. September 8, 2022No Comments

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Renovations

How To Shop Around For a Good Contractor: And What You Need To Know

Dealing with contractors can be complicated at times. How do you go about finding the right one? How do you know they’re good? Are they charging too much? Will they do a good job? Will they be easy to work with? Will they give you the run-around and mark up their prices? For good reason, these are questions that you’ve probably asked yourself.

By Leonard Q. September 8, 20221 Comment