Bill Bein's (wbein) Blog

This blog post is #2 in a series we call "Mortgage 101." To see the whole Mortgage 101 document, click on this link: Mortgage 101 Down Payment If you can put 20-25% down, there may be very favorable rates available (but not many people can handle that large an amount). Especially if you are buyin...

This blog post is #1 in a series we call "Mortgage 101." To see the whole Mortgage 101 document, click on this link: Mortgage 101 Financing a multi-unit is now almost an ‘art.' Credit score (your ‘FICO') as well as your intent to occupy will influence rates a lot, but it may not be necessary to h...

"Arm-Chair" Investors are those who do NOT want to live in the property they buy (a more precise term for this would be "NON-owner occupied"). The question we ask here is: Where have ‘arm-chair' investors like that been concentrating their investments? Our work with arm-chair investors has led us...

There are, we think, three keys ways of evaluating each property you look at. This blog covers the last of the three, which is EXIT STRATEGY. Other blogs cover WORK NEEDED and PRICING. 3.   "Exit Strategy." How long will you have to hold the property? Can you rehab and flip it? Are prices and ren...

There are, we think, three keys ways of evaluating each property you look at. This blog covers the first of the three, which is PRICING. Other blogs cover WORK NEEDED and EXIT STRATEGY. 2.   "Hot/Warm/Cold Analysis." There are four main factors in multi-unit real estate: Location, Size, Condition...

There are, we think, three keys ways of evaluating each property you look at. This blog covers the first of the three, which is WORK NEEDED. Other blogs cover PRICING and EXIT STRATEGY. 1.   Work Needed. How would you assess the property's condition? For older 2-4 Flats, based on the chart that f...

How many sellers want a LOW price or a SLOW sale or a big HASSLE? No, what most sellers say they want is to: 1) net the highest possible price, 2) get their property sold in the shortest possible time, and 3) have it happen with ease and convenience. And, oh, by the way, some would add #4: "and w...

How many sellers want a LOW price or a SLOW sale or a big HASSLE? No, what most sellers say they want is to: 1) net the highest possible price, 2) get their property sold in the shortest possible time, and 3) have it happen with ease and convenience. And, oh, by the way, some would add #4: "and w...

"Arm-Chair" Investors are those who do NOT want to live in the property they buy (a more precise term for this would be "NON-owner occupied"). The question we ask here is: Where have ‘arm-chair' investors like that been concentrating their investments? Our work with arm-chair investors has led us...

1.  Do what you can to take your pet with you - he/she has bonded with you, beloved owner and is a part of the family. 2.  Purchase a sturdy pet carrier that your pet can't chew through.  Keep an eye on your pet when he/she is in the pet carrier as some animals will hurt themselves trying to claw...