Boyd McClean

I recently heard a recording by Jay Baer who was attending a convention put on by IBM in Las Vegas called IBM Impact @ InterConnect – 2015 Global Conference.  Jay was making the point that innovation maybe dead or sort of dead. In today’s environment, whether or not it is in the computer technology sector […]

Recently I wrote an advertisement for a part-time temporary job in Craigslist and had it posted 3 weeks and received 1 response. I was very detailed in the advertisement as to the job description. Needless to say I was a little disappointed in the results. So I decided to rewrite the advertisement in point form

I have been hearing from many of you that have some balloon payments coming due. May not be a problem for many of you BUT if you have a property that may not be performing very well along with a very cautious appraisal and lending environment it may not be as easy as you thought

When I take my group of folks around and look at properties there will be quite a few that will have owner financing as a possibility. Why? Many reasons actually and some you should use when you are working on your purchases right now. 1. Rate of return. A rate of 6% – 8% on

A couple of days ago I told you the three questions you need to be asking yourself when you purchase an apartment property…BEFORE you purchase. By way of review… Are The Numbers Real and Can They Be Verified? 5 Years From Now Will This Location Be Attractive To Renters and Possible Buyers Of This Apartment Property?

Three questions you make sure you ask yourself when it comes to investing in an apartment or commercial investment property…. 1. Are The Numbers Real and Can They Be Verified? 2. Five Years From Now Will This Location Be Attractive To You? 3. Renters and Possible Buyers Of This Apartment Property? Do I Want To Be

I got off of the phone the other day with a guy that is looking at buying his first property. One of the things that we spent some time talking about is property management. Like many people he really does not have an interest in property management BUT he does NOT want to purchase any

For those of you who may not know, there was recently a hearing held before Congress on the effectiveness of the Home Affordable Modification Program (HAMP), which is run under the auspices of the Department of the Treasury and the Department of Housing and Urban Development. The real truth is that HAMP is a complete

One of the biggest problems for owners of income property is tenant retention. High turnover is a very costly matter. Let me cover a few things that you can do to keep your tenants in your apartment or houses paying you market rents and staying for a long time. 1. Get rid of the bad

When looking at investment property be realistic in what you are considering. Many times I have investors come to me and ask for advice on whether or not they should purchase a piece of real estate. Some have extensive spreadsheets with unrealistic figures for income and expenses. A 20% vacancy rate is pretty realistic, yet