Analysis Archives - TheRealEstateScore

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A Comprehensive Guide to Buying Your First Rental Property: Mitigating Risks and Key Considerations

Investing in rental properties can be a lucrative venture, offering a steady income stream and long-term wealth accumulation. However, the journey of acquiring your first rental property can be riddled with challenges and risks that require careful consideration and strategic planning.

By Leonard Q. November 1, 2023No Comments

Analysis

What Went Right, What Went Wrong, What I Predicted, And What I Didn’t Predict For My First Real Estate Deal

My first real estate deal was a sight-unseen single-family residential 4-bedroom 3-bathroom in the Kenneth City area of Saint Petersburg, FL.

By Leonard Q. September 8, 2022No Comments

Analysis Investing

The 1%, 2%, 50%, and the 70% Rules In Real Estate Investing

The only way to know if you’re getting a good deal when investing in real estate is to run a comparative analysis, also referred to as a comp.

By Leonard Q. September 8, 2022No 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

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

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

9 Ways to Tell if A Home Is In A Great Location (When It’s Not So Obvious)

But how can you really tell if a home is in a good location? Should you just take the realtor’s word for it? Is there a way that you can check for yourself if the home is really in a great location? And what even is considered a great location?

By Leonard Q. September 8, 2022No Comments

Analysis Introspection Renovations

How to Make a Home Appraiser Work For You: What To Ask An Appraiser Before You Begin Renovations

Once you have completed the purchase of your rental property, the next thing you will need to do is to decide which renovations you will do, if you haven’t done so already. These renovations will depend on the state in which you bought your home.

By Leonard Q. September 8, 20223 Comments