Posts by Dave Rowan
How To Hire a Great Contractor
If you are planning on fixing and flipping real estate property, or want to fix and rent it, you will need to hire a great contractor. Working on real estate comes down to three things: cost, timing, and performance. It’s important for the work to be done well, at a reasonable cost, and in a…
Read MoreThe REAL Returns on Your Real Estate Investments
Investors and those looking to become investors need to know what makes a good real estate deal. There are three ways to look at your returns: Cap rate, levered return and tax-adjusted levered return. The cap rate or Capitalization Rate is a percentage found by dividing the Net Operating Income by the Current Market Value.…
Read MoreHow to Hire a Great Property Manager
It can be a fun experience to purchase your first real estate investment. At some point you will reach the point where your investment properties will need to be managed. Your success depends on choosing the right property manager. There are many considerations that go into choosing the right manager including: The experience level of…
Read More5 Considerations for Real Estate Partnerships
Whether you are new to real estate investments, or looking to expand current investments, you may meet people who you would like to form a partnership with. Working with a single partner or multiple investors can be excellent ways to manage real estate. Here are five key considerations to be made before forming a professional…
Read MoreBusiness Stopped? Accept, Then Listen
We are experiencing a once in a generation disruption of our personal and business lives. There is a lot of great advice out there on what business owners can actively do to deal with this crisis. And while it’s true that these things are important and should certainly occupy a portion of your thinking and…
Read More5 Strategies to Deal with a Business Disruption
Hundreds of thousands of small businesses have been disrupted by the coronavirus. Many are shut down entirely, some are partially open and some are dealing with high worker absenteeism as the virus sweeps through a larger number of communities, sickens employees and forces others to self-quarantine. If you are a small business owner, here are…
Read More5 Strategies to Deal with a Forced Pause in Life
The last month has been a time of great, worldwide upheaval in the wake of COVID-19. As I write, some US states are taking the difficult decision to shut down all “non-life sustaining” businesses and restrict the movement of people. And, we may be on track for a full lock down of the country as…
Read MoreAn Opportunity to Be Compassionate
com·pas·sion – noun – sympathetic consciousness of others’ distress together with a desire to alleviate it. This is the online definition provided by Merriam Webster who has been in the business of telling us what words mean since 1828. I think this is a wonderful start, but fails to address the groundwork that must be laid in…
Read More5 Great Reasons to Invest in Real Estate
Real estate is a great investment for a variety of reasons, not only in financial terms, but also in the sense of satisfaction it can bring to you. Here is my take on the five best reasons to consider adding real estate to your investment portfolio. Reason #1 – There’s Only So Much to Go…
Read MoreThe Gift of Under-Scheduling
While studying to be a Chemical Engineer, I had to learn the fine art of time management. It was easy to get overwhelmed with homework, papers, quizzes and exams and I needed to learn how to budget my time, chop big projects up into small pieces and hammer through my to do list. Fast forward…
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