Real Estate Terms to know, Part 2: The BRRR Strategy
BRRR stands for: Buy, Rehab, Rent, Refinance, Repeat. It is a term popularized by Brandon Turner and David Green, the hosts of the very popular Bigger Pockets real estate podcast. it refers to a strategy that has always been utilized in commercial real estate and that was the applied to the single family and small […]
Read MoreReal Estate Terms Every Investor Should Know. Part 1.
Real estate is a language, and in order to be conversant, every investor should be familiar with the following vocabulary. Whether talking to investors or bank representatives, having an intimate familiarity with the following terms will go a long way to launching your real estate investing journey. 1.NET OPERATING INCOME – (NOI) – The NOI […]
Read MoreWelcome to Hot City!
A blog dedicated to the rewards and tribulations of inner city real estate investing. Based on the experiences of an innercity ED doc who in the last 20 years has worked in New York, Chicago, Philadelphia, Washington DC, North Carolina and Miami and currently manages a $10 million portfolio of multiunit buildings in some of […]
Read MoreHyper-location: Knowing your city, your neighborhood, your street
When I first started investing in Chicago 20 years ago, I chose an area that was filled with vacant lots, had a serious crime and gang problem, and had suffered from years of disinvestment and disinterest. What made the area attractive , however, was its proximity to downtown Chicago, four major expressways, three hospital systems […]
Read MoreWhat is meant by Location, Location, Location?
At first blush the mantra location, location, location seems obvious. A three bedroom two bath home in Decatur Illinois may cost only $100,000. That same three bedroom two bath home in Honolulu Hawaii could be well over $1 million. Proximity to oceans, mountains, lakes and plentiful jobs in high-tech areas tend to drive up the […]
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