First Rental Property

Hello Friend,

Do you know how to select a good area in which to buy investment real estate?

Have you ever tried researching a particular area of a town that you were interested in buying real estate in?

These are questions that you should be pondering if you are a new real estate investor, and you are looking to purchase your first rental property.

In my opinion, the best way to gain insight into a particular area that you are interested in investing in is to simply walk around in this area.

By ‘walking the streets’ you learn the most that you possibly can about that given area.

You are able to observe many things.  The key things that you may see during your ‘walk-about’ of the area are:

• 1) Homes for sale
• 2) The condition of homes
• 3) Tenant profile (good or bad)
• 4) Close by amenities (shopping malls, Doctor’s offices, restaurants)
• 5) The general age of the people living in the area
• 6) The types of cars they have in their driveways

Walking the streets is the number one thing that you can do in order to get a true ‘feel’ for a particular area.

So if you are a new real estate investor and you are considering investing in a particular area.  If you have not done so already, take the time to walk the streets.  You will be truly amazed at what you will find.

At the bottom of this article, I have included a video that I recorded back in 2009.  In the video, I was ‘walking the streets’ and I share some of the insights that I found.

Check out the video below.

Best Regards,

Neil Uttamsingh

ps: First Rental Property will be making a HUGE announcement within the next few days.  Check back into the blog on a regular basis for the GROUND BREAKING news…

Now here is the video…

[youtube]http://www.youtube.com/watch?v=id2-2oajXq8&feature=g-upl[/youtube]

Hi Folks,

I hope that all is well with you.

The reality is that many new real estate investors know absolutely nothing about business.

This can be a great disadvantage to newbie investors.

Knowing how businesses operate is very important information to know when you are entering into the real estate investing arena.

If you do not know how businesses operate, there is a good chance that you will fail as a real estate investor.

After all, real estate investing is just like running a business.

A fundamental component of any successful business is the…

‘Operating Line’

I have talked about the operating line before in previous posts, however, this is such an important concept that I feel that it needs to be talked about again!

What is an Operating Line?

In simple terms, an operating line is almost like a Line of Credit.  It is a revolving credit facility.  For example, a business could have an operating line in the amount of $100,000.  If a business uses $20,000 of their operating line, they will then have $80,000 still available to use.  However, the moment the business pays off the $20,000 that they owe, they will immediately have a full $100,000 available to use again.

Why are Operating Lines Important for Businesses?

Operating Lines are very important for businesses because they allow businesses to pay for things.  The cash flow of a business may be such that they do not have the necessary funds available to pay for items at a given time.  The purchase of these items may be crucial for the business to have.  Since the items are crucial for the business to have, they must purchase them.  If the business does not have sufficient funds on hand required to purchase the items, they have to then use their Operating Line in order to make the purchase!

What are the rules for using an operating line?

The rules for using an operating line are important to know.  In Canada, where I am located, major Canadian banks lend to businesses between 10 to 15% of their gross annual sales for their operating lines.

Using this percentage, if a business does $1 million dollars in gross annual sales per year, the amount that a (Canadian) bank will lend the business will be between $100,000 and $150,000.

How do I implement this information into my real estate business?

With this knowledge of how Operating Lines work, we can now begin to figure out how much of an operating line someone should use for their real estate investing business.

Let’s say that someone owns 2 rental properties.  The rent that they obtain on a monthly basis is $1,500 per property.  Therefore, they are receiving $3000 ($1,500 * 2) in monthly rent.

We now have to multiply $3000 by 12 months of the year in order to give us the gross annual rent collected.

$3000 * 12 = $36,000.

Therefore, as you can see from above, $36,000 is the gross annual rent collected.

If we take this number ($36,000) and multiply it by 10 or 15% as mentioned above, we get…

$3,600 to $5,400

This means that the recommended operating line amount (as per Canadian banks) is between $3,600 to $5,400.

Let’s look at a real life example…

OH Boy!!!  You just bought your first rental property and….your Air Conditioner just broke down.  It is the middle of the summer and it is HOT outside.  You need to replace the air conditioner ASAP for your tenants!  What do you do???

You get a bunch of different quotes to repair the air conditioner. You find out that it is going to cost you $2,500.

You don’t have the money saved up in order to pay for this repair.  What do you do??

You use your operating line

In this scenario, the max amount that you can spend on your operating line is $5,400.

The expense for the air conditioner is $2,500, so it is well within the budget of what you can spend.

Is using an operating line this easy?

For the most part yes. However there are some complications that can arise when you use an operating line.

I will address those complications in Part II of this post.

Stay tuned!

Best Regards,

Neil Uttamsingh

ps: First Rental Property will be making a HUGE announcement later this month.  Check back in frequently to the blog.  You will not want to miss this news!!!!

Hi Everyone,

Hope all is well on your end.

All new real estate investors want to figure out what type of property they should buy as their first rental property.

Over the years, I have seen people buy as their first rental property:

• single family homes
• duplexes
• triplexes
• multi-unit buildings
• condos

If you are an eager new real estate investor, you are probably ‘dying’ for me to tell you what the answer is.

The answer is….
…there is no right answer!

If you as a new investor posses the necessary motivation and skill, you can successfully own and manage any type of rental property.

Which is the easiest to own?

In my opinion, the easiest property to buy and manage as your first rental property is a single family home.  By definition, a single family home is any type of dwelling in which one and only one family is residing in.

Why are single family homes the easiest?

Once again in my opinion, single family homes are the easiest to purchase and manage based on 2 major factors.

1) Cost

The cost to purchase a single family home as a rental property is generally cheaper than it is to purchase a multi-unit building.  Due to the fact that a multi unit building contains multiple units, the price to purchase the building is often higher than the price to purchase a simple single family home.

Because the price to purchase a single family home is cheaper, the barrier of entry is lower. Therefore, more people are able to get started in real estate investing by purchasing their first rental property.

2) Management

Generally, single family homes are easier to manage than multi-unit buildings.  It is easier to manage one set of tenants, as opposed to a large number of tenants.  This is especially true for new real estate investors.  When you are new and just starting out, you won’t know how to manage tenants very well.  Managing tenants is something that you become better at with the more experience you have as a landlord.

So there you have it!

Single family homes are the easier option for new real estate investors when compared to multi-unit buildings.  However, as mentioned above, if you have the necessary skill, desire and FUNDING not to mention, you can successfully purchase and manage even multi-unit buildings.

Best Regards,

Neil Uttamsingh

ps: First Rental Property will be making a HUGE announcement later this month.  Check back in often for the announcement!

Hello Everyone,

I hope that all is well on your end.

Today, I have a very short post for you.  There is no educational content for today…for a change  :).  Rather, this post is to inform you of an upcoming announcement that First Rental Property will be making in the month of September!  (this month)

Please check back in regularly to the blog as you definitely do not want to miss this news.

This is especially true if you are a new real estate investor who is looking to buy your first rental property!

Stay tuned for the big news!

Regards,

Neil Uttamsingh

Hi Everyone,

Hope you are all doing well.

Today I am going to tell you what I think about real estate clubs. I am going to tell you whether I like them, or whether I think that they are a waste of time.

My feelings on real estate clubs are mixed, and I will tell you why.

Lots of aspiring real estate investors looking to buy their first rental property are faced with the same decision.  This decision is whether or not they should join a real estate club.

Real estate clubs can be both good and bad.

Here is one of the reasons that I think real estate clubs can be ‘bad’…

• 1) Real Estate Clubs try to sell you something

Most if not all real estate clubs will try to sell you something.  The sale is usually a product, service or membership.

Memberships

Most large real estate clubs will charge membership fees.  Many of the smaller less establish real estate clubs will charge a very small fee.  In addition, lots of small real estate clubs will not charge a fee to their members.  In the case of ‘membership fees’, the clubs that charge these fees are obviously selling to you a membership and that is how they make money.

Products

Some of the larger real estate clubs and even the smaller real estate clubs will try to sell you a product.  The products for sale come in many different forms.  The product could be a book or even perhaps some DVDs on real estate and real estate investing.

Sometimes the products for sale are tickets to a more exclusive seminar being held by the real estate group itself.

This is a classic case of ‘up selling’!

Service

Real Estate clubs can also sell you services. Often these services are sold indirectly to you as the member.  Real estate clubs may co-operate with Realtors, Property Managers or Mortgage Brokers.  The Realtors, Property Managers and Mortgage Brokers all have services to sell to you as the consumer.

My Assessment of Real Estate Clubs: Are they worth joining?

One thing that all new real estate investors need to realize is that, real estate clubs sell stuff!  If real estate clubs pretend that they are not selling things to you, they are lying.

An Important Distinction to make…

Just because real estate clubs sell you things, this should not prevent you from joining these clubs.

Real estate clubs are a great place to learn about real estate investing because experienced investors and eager new investors attend these clubs.  As such, new or aspiring investors are exposed to many other people who have bought real estate as an investment or who have just purchased their first rental property.  Learning from people who have accomplished something that you yourself are trying to accomplish is the only way to go.  Far too often, aspiring real estate investors become discouraged after listening to the advice of non-real estate investors.  These non real estate investors can sometimes be close friends or family of the aspiring investor.  The aspiring investor my be told that buying a rental property is “too much work” or that “all tenants are terrible”.  This of course is not true.

Further, the Realtors, Property Managers and Mortgage Brokers that hang out at real estate clubs are generally very knowledgeable when it comes to investment real estate.  More often than not, these are professionals who are real estate investors as well.  As such, they are not only able to provide you with their specific services, but they can also provide you with first hand information on the do’s and don’ts of real estate investing.

In Summary

In regards to my previous comment above, I do not feel that real estate clubs are ‘bad’.  Rather, these clubs are sometimes perceived as being bad because of the fact that they ‘sell something’.

Just because real estate clubs sell something does not make them ‘bad’ at all.  On the contrary, real estate clubs (good real estate clubs) that sell products, memberships or services to their members are doing their members a favour.  They are doing their members a favour because they are educating their members with the products, memberships or services.

Every new real estate investor needs to learn how to become a successful real estate investor and landlord.  You can only learn this by speaking to and learning the best practices from already successful real estate investors.

So the next time you are on the fence about joining a real estate club.  Remember…

Just Do It!

Best Regards,

Neil Uttamsingh

Click here to GET BLOWN AWAY at Live REIN™ Events

I attended my first REIN event in April 2008.  I attended what was then called the REIN ‘Quick Start’ Event.  It was three days of real estate education.  I was totally skeptical of the event prior to attending.

I had read about Don R. Campbell in the Toronto Star Newspaper about a year prior to attending the event.  I was really into real estate at the time, and was reading whatever I could find about real estate in order to learn more.  I owned one rental property at the time and I wanted to find out how I could buy more rental properties.

The article that I read about Don R. Campbell and his company, The Real Estate Investment Network, also known as REIN, peaked my interest.  I cut out the article from the newspaper and put it in a little real estate binder that I made which contained other real estate related newspaper clippings.  I decided that I would attend the next REIN Live Event the next time The Real Estate Investment Network was in Toronto.

I had never attended any real estate related seminar before so I really wasn’t sure what to expect.

I had no idea that over 4 years later, I would still be connected with REIN.

There are  3 major live events that REIN organizes.  They are:

• REIN Monthly Workshops
• REIN ACRE Weekends
• REIN All Day Western Canada Conference

What are the REIN Live Events?

I have attended both REIN Monthly Workshops as well as the REIN ACRE weekends.  I have not attended the All Day Western Canada Conference, so I cannot provide you with any insight on that.

What is the purpose of REIN Monthly Workshops?

REIN Monthly workshops are meetings that take place once a month in some major Canadian cities such as Toronto, Edmonton, Calgary and Vancouver.  There are usually about 200 t0 250 people that attend these events.  The people that attend these events are either new real estate investors, experienced real estate investors or people looking to buy their first rental property.

The purpose of these meeting is simply to learn about investment real estate.  Specifically, where to buy, what to buy, and how to finance your purchase.

What about the REIN ACRE Weekend?

I would compare the REIN ACRE Weekend to a 3 day intense crash course in real estate investing.  There are usually a lot more people that attend the REIN ACRE Weekend as this is one of The Real Estate Investment Network’s flag ship events.  At this event, I would say that there are about 500 people throughout the weekend.

Who else attends the REIN Monthly Workshops and the REIN ACRE Weekends?

In addition to aspiring and existing real estate investors, there are a wide array of other people that attend these events. There are often Real Estate agents, Mortgage brokers, Insurance reps, property managers, HVAC specialists, flooring specialists and contractors.

Are the REIN Live Events Valuable?

For the most part I would say yes.  However, I think that they are more valuable to people who are looking to get started with real estate investing than they are to people who are experienced investors already.

I found attending these REIN events helpful because I needed to learn from more experienced people that had accomplished something that I was trying to achieve.

As time went on though and the more experienced I became as a real estate investor, the less valuable I found the REIN Live Events, such as the Monthly Workshops.

What results did I get attending the REIN Live Events?

Throughout the 3 years or so that I was attending REIN Live Events I ended up purchasing 4 rental properties.  I would not have been able to purchase these properties if it were not for some of the great people that I met at these events.  In particular, my mortgage broker who was the individual who taught me how to finance multiple properties.

I made some great friends that are also real estate investors that I am still in touch with today.

Through a fellow real estate investor I also got introduced to an HVAC specialist who over the course of 3 years has replaced 2 furnaces and 1 air conditioner for me.  Through this one contact alone I have saved thousands of dollars in repairs.  This month he just installed a new furnace for me for $1700 (before tax), the next closest quote I got from a competing company was $3300.

What are the Negatives about REIN Live Events?

Like I mentioned earlier, I think these events are good for people that are just starting out with real estate investing.  The events can also be good for intermediate investors who need a little boost of confidence in order to get going.

One big negative that I noticed was that there were a lot of people that attended these events month after month after month, but did not invest in real estate.  For some of these people, attending the events was more of a social outing than anything else.

Another negative point, which seems kind of silly as I write this is how LATE the events went on into the night.  The REIN Monthly Workshop events always fell on a weekday night, and they would end pretty late, sometimes around 11:30pm or 12pm.  That does not too late, does it?  However if you factor in some schmoozing after the event with fellow investors and a 30 minute drive home, sometimes I was getting home around 1am or later.

What would I change or improve about the REIN Live Events?

For starters, if I could change one thing, I would end the events much earlier.  If I was in charge, I would end the REIN Monthly Workshops at 10am, so that people could get home at a decent time in order to wake up early the next morning and be refreshed for the work day.

I would also change things such that there would be more direct networking time with key people.  I would like to set up ‘booths’ or ‘stations’ where knowledgeable mortgage brokers, real estate agents, lawyers, etc. could sit at and be available to speak to participants.  If you were interested in speaking to a particular person, you could visit them at their booth.  This booth system that I speak of is done at the REIN ACRE Weekend, but is not done during the REIN Monthly Workshops.  I would implement the booths at the Workshops as well.

What is the URL?

You can access more information on these events by following this link.

How Much Do The Events Cost?

The 3 events range in price from $199 to $587 with the Guest Passes for REIN Monthly Workshops costing $199.

What is the best part about REIN Live Events?

The best part about REIN Live Events is that you are able to learn financing strategies directly from mortgage brokers.  These mortgage brokers are able to not only help you buy your first rental property, but even multiple rental properties.  Not only that, REIN also recommends which cities and neighbourhoods are the best places to buy rental properties.  At the event, you are able to speak  directly to individuals who own properties already in these particular cities and neighbourhoods, and thus you are able to get from them first hand information on their experiences. 

This was exactly the situation I found myself in.  At the Live Events I met a mortage broker who I am still in touch with today.  He was able to help me finance multiple rental properties which enabled me to buy 4 properties in 3 years.  I also networked and made friends with people who were investing in a number of different cities.  I was able to hear directly from them their experiences (good and bad), which in turn helped me to decide what city I wanted to invest in. 

What Alternatives are there to the REIN Live Events?

People are busy and not everyone wants to attend live events.  Further to that, not everyone is an extroverted person, and interacting directly with people is quite uncomfortable to some.  For those people that don’t want to attend live events or don’t have the time, I would recommend to them some of the REIN Home Study Courses.  The home study courses available are:

• ACRE System Home Study
• Joint Venture Secrets
• Multi Family Investing Secrets

How much do these courses cost?

The REIN Home Study courses range in price from $587 to $987.  The best value I would say is the ACRE System Home Study course which is the cheapest at $587.  Unless you are more of an advanced real estate investor, I would not recommend the Joint Venture Secrets or Multi Family Investing Secrets. If you are an intermediate or advanced investor then the later 2 courses would be right up your alley.

What is the URL?

You can access more information on these events by following this link.

Which is more affordable, the REIN Live Events or the REIN Home Study Course?

In terms of value and affordability, I personally believe the guest pass for the REIN Monthly Workshop makes the most sense.  By attending the Workshop, you get a sense and a flavour of what you can expect from REIN without over committing and overspending right out of the gates.  If you have a limited budget, this is smartest route to take.

Can the REIN Live Events and/or REIN Home Study Courses Make You Money?

The simple answer to this is YES.

If you are motivated and you put what you learn about real estate investing to use, you will earn a great return on your investment.  I personally have made thousands of dollars by implementing what I learned about real estate investing through the REIN Live Events.  Then again, there are those people who have not made any money after purchasing these products.  Just like with any aspect of life, you have those people who succeed and those people who fail…

How to ensure you are Successful!

If you are new to real estate investing and you want to buy your first rental property the Live Events will guide you on which areas to buy properties in as well as give you an education on the type of mortgage brokers you need to utilize in order to obtain financing on your rental properties.

Even if you already own a property or maybe two, the Live Events are a great way to become connected with a good support group of fellow real estate investors, who can provide you with support when the going gets tough with your real estate investments.

If you have the resources to attend one of the events or take one of the courses, it is money well spent.  I am glad that I spent the money myself because I would not be where I am today as a successful real estate investor, had I not.

When you do decide to go to one of the upcoming Live Events or study one of the courses, it is a smart move to involve your spouse or a close friend.

Learning about real estate investing together is more fun and it ensures that you are on the same page with those people that you care about the most.

REIN Money Back Guarantee

The best part here is that REIN has a money back guarantee.  If you are not satisfied with their products, you can return them and get your money back.

Happy Investing!

Regards,

Neil Uttamsingh

Click here to GET BLOWN AWAY at Live REIN™ Events

Tenant turnover is a killer.  Especially for the small real estate investor. Every good landlord wants to find out how to keep tenants longer.  When you have a tenant move out of your rental property, if that property sits vacant you have to pay money out of your own pocket for the monthly expenses of that property.  If your tenant is paying you $1,000/month in rent, and your monthly carrying costs for the property including mortgage, insurance and taxes are $850/month, you have to personally come up with that $850 each and every month until your rental property is rented again.

The fewer units that a real estate investor owns, the more severe are the effects of tenant turnover, and thus the impact to the pocket book.

For example, let’s assume that you own one rental property, and that the property is a single family home consisting of one unit.  If this one unit becomes vacant due to the tenant moving out, you just lost 100% of your rental income for that month.

Let’s say now that you own 10 rental properties, that are all single family homes.  If one unit becomes vacant due  to the tenant moving out you now only lose one tenth (1/10)  or 10% of your rental income.

Generally speaking, when you lose 10% of your monthly rental income, this is a much better scenario than losing 100% of the rental income.

All experienced real estate investors know that they name of the game with real estate investing is cash flow management.  What I mean by “cash flow management” is knowing how to maximize your revenues an minimize your expenses.

As a real estate investor, if you are able to ensure that there is less tenant turnover, you are doing a fantastic job of lowering your expenses.

One of the biggest, hidden expenses that a real estate investor can face is tenant turnover.

From my experience thus far with real estate investing, I have learned that one can minimize tenant turnover by NOT increasing rents.

When you raise rents, tenants in many instances become unhappy and start to look for rental accommodation  elsewhere.

Personally, I would rather roll the dice and only increase rents once my tenants have moved out of my rental property.

Once the tenants have moved out of the property, I would re-rent the unit for the new market rent to a new set of tenants.

What do you think about this post? Do you agree with this strategy to keep tenants longer?  Do you think it will work?

Don’t forget to sign up for The First Rental Property Newsletter at the top right hand corner of the blog.

If you do this, I will send you tips and tricks from experienced real estate investors on how to buy your first rental property.

Regards,

Neil.

Any real estate investor with experience in managing tenants knows that non-payment of rent is an issue that has to be dealt with from time to time.

If you are thinking about buying your first rental property, good for you!

Owning a rental property is a lot of hard work, and the experience may not be as glamorous as what you see on TV. However, if you have the discipline and stamina to deal with the issues that come up, you will be well on your way to success.

As a new real estate investor first starting out, you should know that at one point in time, you will encounter problems with collecting rent.

Non payment of rent can come in different forms.  Here are some of the different ways…

1) The rent is due on the 1st of the month, and your tenant is late in providing you the rent. (cash, cheque, or electronic transfer)

2) You deposit a rent cheque on the first of the month and the rent cheque bounces (is returned by the financial institution due to non sufficient funds)

3) Your tenant does not have the money to pay rent, and does not provide you with the rent money for that particular month. 

There are so many factors as to why tenants sometimes don’t pay their rent on time.  Some are real, legitimate reasons, where as other times, the reasons are not sound and in fact are very flaky.

As a new real estate investor you must know that you have to…

“Prepare For The Worst”

Meaning…

Be ready for the first time that you do not receive your rent on time from one of your tenants.  It will happen to you at some point.  The only question is when.

We all learn our lessons from different life experiences.  Some of us learn faster than others.  Whether you learn slow or fast doesn’t matter.  What matters is that  you learn, and evolve and make changes in your real estate business so that you are prepared for the next time when one of your tenants does not pay rent on time.

How to prepare for late rent payments

Get familiar with your local Landlord and Tenant Governing body.  In each City, State, Province and Country the legislation regarding how Landlords and Tenants can interact with one another differs.

Get familiar with the forms you need to serve to your tenant when non payment of rent occurs.

The point that I am trying to make is that you need to become familiar with these forms before a non payment of rent issue ever happens to you.

You need to be armed with knowledge for when you do encounter a situation in which one of your tenants is not paying their rent. You need to be comfortable with the forms, you need to be able to understand them, and be able to navigate them easily.  You need to know how to fill them out properly.  You also need to know the rules surrounding when you are allowed to submit the forms to the tenant if they are late with their rent.  You need to know how many copies you need to retain and how many copies you need to present to your Landlord and Tenant Governing body.

Practices that I have Incorporated

It has taken me over 6 years as a real estate investor to learn one very important rule. This rule is to always have printed out and on hand the necessary forms and paperwork that needs to be served to a tenant in the event that they do not pay rent on time.

I have these forms printed out and I keep them in my ‘real estate’ binder, so that I can quickly access them.

I have learned with experience that I have to do this because I have been involved in multiple situations in which rent was not paid on time.

When I look back, the longer that I waited to collect the rent that was owed, the more problems occurred as a result.

As such, I have learned from my own experience to be proactive and to be prepared.  That is why I now carry these forms with me.

I have learned to prepare for the worst.

In preparing for the worst, I am becoming a better real estate investor.

How have your experiences been with collecting late rent payments? If you do not own a rental property yet, what scares you the most about non payment of rent?  Leave your comments below.

Best Regards,

Neil Uttamsingh.

A controversial title, don’t you think?  Well, I personally don’t think so, and here’s why…

Christmas time in North America represents a lot of things.  More than anything, Christmas time is a time for family and friends.  It is one time of the year where family comes together, either willingly or forced in order to spend time together and celebrate the holiday season.

An unfortunate by product of investing in real estate that not many new real estate investors know about is that it can cause a lot of stress on family life and often pull families apart.

This happens when family members do not see eye to eye on financial matters, or when a real estate investor in the family compromises their family members in order to grow their real estate portfolio.

In a previous post, I have talked about people being more important than real estate. I really mean this because in my view, people and especially your closes family and friends will always be more important than real estate.

When you are down and out and experiencing tough times in your life, it will be the people that are closest to you that will come to your aid  — not a material object such as a rental property.  Money and the accumulation of it means nothing at the end of the day.

So what exactly do I mean that every real estate investor should celebrate Christmas?

• In my view, every real estate investor should take some time during Christmas time to spend time with and appreciate those people in their lives that they are closest to.
• If a real estate investor focuses too much on themselves and their own business endeavours,  this may serve as a warning sign for family trouble.
• By spending too much time on yourself, you may be allowing  your family to slip away from you.  Here is an example to help illustrate:

I have seen very experienced real estate investors focus so much time and effort on building their real estate business in an effort to make a better life for their families.  However, they lost sight of actually spending time with their family during the process of building their portfolio.  Further, they let the stress associated with managing a large portfolio of real estate envelop them.  This in turn had a negative effect on their family, as they were constantly stressed out whenever interacting with their family members.  Long term, this resulted in a lot of stress on the family and the eventual collapse of it.

• One of the most successful real estate investors that I know recently told me that if he could do everything all over again, he would have worked less, and spent more time with his family.  Only later in life he has decreased his workload and is spending a lot more time with his family.

Real Estate Investors should view Christmas time as an opportunity to connect with and spend quality time with family members and close friends. After all, these people are your greatest assets, not your real estate.

Best Regards,

Neil Uttamsingh.

ps: Learn from successful real estate investors on how to have work life balance.  Buy rental properties AND have a supportive and strong family unit.  Sign up to The First Rental Property Newsletter for tips on how to do this.

“Happy Birthday to you.  Happy Birthday to you.  Happy Birthday Dear First Rental Propertyyyyyyy.  Happy Birthday to you!”

Guess how old First Rental Property is?

One year old, as of today.

The first article that I posted to First Rental Property was on December 17th 2009.

The blog has come a long way thanks to all of it’s great readers!

The next year for First Rental Property is going to be very exciting.

Check out my video in order to find out what is in store for First Rental Property in it’s second year.

Best Regards,

Neil Uttamsingh

ps:  You will also want to check out the first five blog posts ever written for First Rental Property.  Here they are:

How To Find The Money To Buy A Rental Property

4 Crucial Tips When Selecting A Mortgage Broker

How To Become A Better Real Estate Investor

Real Estate Investors Are Liars

What Is A Transitional Area?

pps: Be a part of the excitement of First Rental Property during it’s second year.  Don’t miss out! Subscribe to the blog today!

[youtube]http://www.youtube.com/watch?v=F9WNBTfuUl0[/youtube]