Middle Class Millionaires

Here’s a rundown of some good / interesting / noteworthy posts from around the blogosphere that I’ve read recently. They are in no particular order, except the first one, which I thought completely deserved to be first.

• Why you might want to inspect your units
  Warning: This post with a video is not for the faint of heart. It explores the squalor in which some tenants live. I’ve only seen one apartment that was in worse condition when a tenant left. Some day I’ll tell you that story.
• What’s The Investment Plan, Stan?
  This is good reminder to all real estate investors. You need more than just an idea or a superficial understanding of one investment technique. You need to know the business, and you need to have a plan.
• 10 Elements Every Rental Housing Ad Should Have
  10 ideas for creating better listings. Not all would work for every medium (magazine, newspaper, internet), but they are good thoughts you should consider. The author’s #8. Tracking especially spoke to me. You really should pay attention and have a way to track what works. I recently sold a car. I spent $70 or so putting ads in local papers. I also put up a couple of free ads online. I got a total of three calls from the $70 of ads I put in the paper. I got many, many more leads (including the one that actually purchased the car) from one of the free ads online. I’m not saying avoid classified ads in papers. I’m saying find out what works for you in your area.
• Grant For Investing In Real Estate: An Overlooked Option?
  Roger blogged about one such grant a while ago, too. It’s good to know your options.
• Types of Deals We May Stumble Upon On the Road
  Some reminders of types of short term deals that you can look for. Roger also made such a list a couple of months ago, along with a list for mid term and long term deals, too.