We at DoorInvestor encourage every team member to write down his/her “Perfect Day.” The purpose of this exercise is to allow you to visualize how you want to live your life. Think about it: Most of us live in “busy, yet routine, schedule” in which we are constantly running around chasing to complete the next…
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Real Estate Investing as Bird Dog
Bird Dog is an important role in the world of real estate investing. A bird dog is responsible to look for motivated sellers, undervalued deals, and/or local opportunities… etc., even do some initial due diligence, and then turn around and present the deals to potential investors, in exchange for a “finder’s fee.” Here is the…
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The Review of Rich Dad, Poor Dad
It is not our intention to provide an extensive book review on the famous personal finance book, “Rich Dad, Poor Dad”, here. Rather, we are trying to extract several key concepts out from our reading, that we deemed extremely valuable and applicable to us, and then share with you, our readers. Pay Yourself First Rich…
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Single Family vs. Multi Family
The traditional way of investing in real estate is through single family. In fact, at DoorInvestor, we all have gone through this path of investing at some point in our investment life: Save up for down payment Buy a house and finance with a mortgage Rent the house out and manage the property and tenant…
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How to Short Sale
In the real estate world, Short Sale means the bank is willing to sell a property to a buyer at a price less than the outstanding mortgage balance. This means the bank will need to write off the remaining balance and call it even. When deployed properly, this can be a very powerful strategy for…
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NOI – Net Operating Income
There are several commonly-used metrics that a real estate investor uses to analyze the potential of any given opportunity. We will start with some basics and then gradually move into some of the more advance concepts. To begin the series, we will talk about Net Operating Income. Net Operating Income, or NOI for short, is…
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Rich Dad, Poor Dad – Where It All Begins
There is no doubt that DoorInvestor is all about investing in real estate, more precisely with Multi-Family. Often times, readers would ask us the very common question of “How do I get started in buying real estate?” The answer we would give is not necessarily what the readers would anticipate – You get started by…