Chad Kastel Real Estate Investor
I apply the BRRRR method to purchase multi-family units. We buy, rehab, rent, refinance, and Repeat
Create correct standard operating procedures for all parts of your repeatable business.
The bigger your portfolio the less exposure you want to one type of economic cycle. I would be far more concerned owning A-class in Austin near a tech bubble than owning B-Class next to a hospital and university.
If you want to be a successful real estate investor, you need to remember this.
New to real estate investing? Here are the answers to your most common questions to get you started.
Prevention is better than cure: The benefits of taking preventative measures to avoid eviction and legal disputes.
Building for the long haul: Why sustainable strategies lead to lasting success.
Vetting tenants properly can save you a lot of money and headache
Today's real estate word of the day is cash flow - the lifeblood of real estate investing. Are you maximizing your cash flow on your investment properties?
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Times have changed! Investing in your home won't make you rich anymore. It's just one piece of the puzzle. Stay ahead of the game and explore other investment opportunities to build your wealth.
Today's real estate word for the day is Equity!
Being a good real estate investor is about more than just knowing the market. You also need these essential skillsets:
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A good investor is one who acknowledges their weaknesses and takes steps to limit them.
What is cap rate? Let’s define that in the real estate investing business.
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Help your significant other understand and support your real estate investment goals. Their support can make a huge difference in your success.
Building a real estate empire doesn't have to mean quitting your job. Learn how to balance both with these tips!
Don't let financing hold you back from your real estate investing goals. Explore these financing options to find the right fit for you. 💸🏘️
Take control of your financial future with real estate investing. Cash flow is key to building lasting wealth and providing a stable income stream. Don't rely on unpredictable market fluctuations or living off your savings. Invest in multifamily properties for consistent and reliable cash flow.
Looking to increase the income on your multifamily property? Here are a few tips to get you started.
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Maximize Your Real Estate Investment Potential: Discover Tips for Analyzing Market Trends and Identifying High-Yield Opportunities in Your Local Area!
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Administrative Assistant/ Receptionist/Leasing Agent
We are a company that purchases real estates and then updates it. Once the properties is stablized the property then becomes part of our property management wing. We are a growing company looking for someone that wants to work, grow with us, and learn.
The ideal candidate will exhibit high standards, excellent communication skills, and have an ability to take initiative, and prioritize daily tasks. A strong ability to take charge and meet tight deadlines will ensure your success in this multi-faceted role.
Responsibilities:
• Handle and coordinate active calendars
• Schedule and confirm meetings
• Ensure file organization based on office protocol
• Show and help lease vacant units
• New and existing tenant communication
• Provide ad hoc support around office as needed
• Report to owners on communications
• Run office and operational errands as needed
• Schedule and maintain subcontractor schedules and deadlines
• Bi-weekly photo reports
• Additional Items as needed
• Strong interpersonal, customer service and communication skills
• Ability to multitask
• Proficient in Microsoft Office suite helpful
• Appfolio experience helpful
• Quickbooks experience helpful
The way to increase the value of a multifamily property is to either increase the income or decrease the expenses, which will affect the Net Operating Income (NOI).
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: I have a property & I'm looking to lock into. $56K purchase, $30K rehab & resale of +/- $145K .
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When renovating a rental property, managing costs and getting it done quickly should be at the top of your list. Don’t forget about your costs in maintaining the property long-term once it’s a rental!
Source: Bigger Pockets
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Copy what successful REI are doing. Paste or look what is applicable in your scenario or what is your niche. Repeat.
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Real estate investing is simple but it's not easy. It's a combination of commitment, discipline, and focus. Once you know the process, it's going to be a lot easier.
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: Rental properties with no proof of income, can it be done?
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Walking away from a deal is something a real estate investor should learn and understand. Some deals are not worth pushing if it doesn't tick all your boxes.
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: What makes off market properties so special?
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Here are the 3 reasons why you should scale your real estate portfolio as shared by David Greene of Bigger Pockets.
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: It’s hard to get started with loans. Banks will scrutinize you more with less experience. That gets easier over time
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What does it look like to be successful? Success is built with one good habit at a time.
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You should know these things if you're planning on investing in multifamily properties.
Source: David Greene
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: Investing has no place for an ego. You can feel all you want, but a balance sheet doesn’t lie.
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Have you used the BRRRR method? This is the method that I always use to build my real estate investment properties
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Consistency is the most important factor in success.
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What tips would you suggest?
Source:https://www.bestevercre.com/blog/3-simple-tips-for-getting-the-most-out-of-your-investment-property
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Having mentors in this business has helped me a lot. Hiring Jake & Gino as my coaches gave me access to their business model & strategies, network and connections which I can just copy for my own real estate investing business.
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