2 Year Property Walk-through

I cannot believe it’s been 2 years since the first property that I acquired, renovated, and rented.

Before my most recent trip home, I contacted my Property Manager to let her know I wanted to do a walkthrough of the property. Without hesitation, she said okay and noticed the tenant.

I arrived at the property a few minutes earlier to just take in the view of the property.

The tenant greeted me when I walked through the door and I was amazed at the view. It still looked the same with the exception of a few drawings on a door. It looked really good.

As she showed me around and pointed out a few things that I needed to fix, most of which were not emergency fixes; I felt very happy and proud. She also told me that the HUD HCV Program Inspector mouth dropped to the floor when he came inside. He couldn’t believe someone would put all that work into a property in that program.

She said she loved the place and that I did a great job on it. My Property Manager who is also a Real Estate Investor loved the layout of the kitchen so much that she is going to be doing well the same layout on her next project.

I couldn’t take all the credit for the kitchen layout; I only picked out the appliances but that was the ultimate compliment anyone has given me during my real estate journey and she has a lot more properties than I do.

I wrote this point to not only continue to inspire myself, but others as well. Real Estate doesn’t have to be scary or hard when you have a good team.

Where Is My Mailbox Money??

I refer to mailbox money as money that I receive in the mail from my tax lien investments. It’s a nice surprise to receive money after investing especially if I’ve kinda forgotten about it.

However, due to everything going on today, I’m wondering what’s going on. This time last year, I had received checks for two of the three tax liens I had purchased and I haven’t received any from the ones I purchased last year.

As I listen to the news, podcasts and read FB posts from other real estate investors, I’m wondering if it’s gotten so bad that people cannot afford to pay their property taxes. Will that mean, that tax lien investors will get opportunities to obtain properties at an even lower price than buying them from the MLS or by doing seller financing deals???

I honestly don’t know!

I buy tax liens for the returns they provide because 10 % is far better than the .01% that a bank savings account gives you.

Plus, bidding is not hard once you set your criteria and stick to it. It just takes a little due diligence.

Diversifying My Real Estate Portfolio

Arrived Homes

I am always looking for ways to increase my business revenue even if it’s just a few dollars because at the end of the day, all those small amounts over time add up and contribute to make a greater impact.

Recently, I was looking for another way to reinvest some of my profits back into the business and I came across an ad for a company called Arrived Homes.

Arrived Homes is a company that buys single family homes and sells shares of the homes to the public for a quarterly dividend.

Of course, I had to research the company to see if anyone else had dealt with the company and I wanted to know their feedback and opinion.

To my surprise, I found a YouTuber who had a video reviewing the company and giving her thoughts and actually showing her account and describing in detail how the company works.

After watching her video, I saw another video with very similar content. Now, I don’t know about you, but I feel like if I heard the same thing twice from people who do not appear to run in the same circle, I believe information to be somewhat true.

So, off I went to create an account in late September and I invested in 500 shares of a property that was waiting to be rented. I knew dividends were supposed to be paid out quarterly, but I had no idea that I would be receiving my portion only having invested a few weeks before dividends were to be released. That was a nice surprise.

So how much return did I receive from this $500 investment? I received $2.50 deposited directly into my account. Now, some people might think that’s not good, but when you think about how much interest a bank would pay you for having $500 in a savings account; this is Awesome!

I didn’t do any hard work and yet I’m making a small passive income. To me this is a win-win situation and I will definitely be investing again.