You work full time, but you keep hearing you can make large sums of money flipping houses. How hard could it be? Buy property, fix property, sell property. Even if these steps are time consuming, the payday at the end makes up for it. Right? How much house flipping profit can you expect?
Here at Pear Tree Property, we offer a $25 a month discount to new residents if they sign a two year lease. If the resident leaves before the lease is up, then that $25 a month is added to their account balance when we get a judgement. It sounds like a simple win-win scenario – the resident pays less and we have a lower turnover.
How does it pan out in practice? Does providing an incentive to sign a two year lease make sense? This post is letting out a bit of my inner stats geek, but I hope you find it interesting.
When I bought my first home at the age of 18, I had recently read some investment books by real estate gurus and saw nothing but dollar signs and easy living.
It was only much later that I realized something that should have been obvious:
Real estate gurus are full of it.