Nov, 2022

Factors To Consider When Buying Rental Properties At Auction (ATL ALL-In Gathering Clip)

When you are in the real estate business, it’s essential to know the basics of buying rental properties at auction. Rob and Gary discuss the process with our rental properties discussion group, the Addicted To Life Community. There are both treacherous pitfalls and huge rewards to consider when bidding at auction for rental properties. If you’re looking at buying properties on the auction block, you’d better do your homework first!

Buying Rental Properties at Auction – Due Diligence

When Real Estate Investors consider buying rental properties at auction, they must perform their due diligence. Whether you physically look in the windows and interview neighbors, or just research previous sales prices online, you are doing just that. The more you know about the property before going into the auction, the better.

Members of our Addicted To Life Community chimed in to share their experiences with bidding at property auctions. Steve was not serious about bidding on the auction. However, the seller required him to bring a cashier’s check in a specified amount in order to attend. The auction took place at the county courthouse, and he felt like it sold for much more than it was worth. Steve was just coming for the experience, so no worries from him.

Paula has experience with buying several rental properties at auction. She has done business with the public administrator, so she is often invited to sit in at auctions, even if she has no interest in buying. Paula has learned a lot just from observing auction sales take place.

Jake detailed his experience attempting to buy properties at auction in Phoenix. He went through a bidding service, which was a real hassle. The service was very aggressive, calling constantly to get his bids up. He ended up just giving them his absolute maximum bid, and insisting they not call again. He also detailed a very disturbing experience another buyer had involving a dead animal in the property basement.

Join Our Community for More Rental Properties Advice

Do you own multi-family rental properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the Addicted To Life Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Enroll today!

Oct, 2022

“A” Personalities (ATL ALL-In Gathering Clip)

We real estate entrepreneurs are Type A Personalities. We’ve learned to mellow with age. While we are healthy and in a good financial position, we need to relax and enjoy the fruits of our labor. A side benefit of taking time off? Your employees can show you how well they perform when you’re not there watching over their shoulders! Enjoy life’s blessings and plan a vacation today – you may not be in the position to do so tomorrow!

Type A Personalities need vacations too!

Type A Personalities – Stop And Smell The Roses While You Still Can!

Recognizing the older, successful Type A Personalities in the room, Rob provided the example of how strict a boss his father was when he was younger. Rob said he and and his co-workers felt lucky to get lunch breaks and a weekend off!

Later on, Rob’s son Micah worked for Rob’s dad. In stark contrast, the elder Rowsell was much more lenient with young Micah. We all tend to mellow with age, and (hopefully) become more empathetic of others.

One of the perks of investing well throughout our careers is the ability to enjoy the fruits of our labor. It may be tempting for us Type A Personalities to keep our noses hard on the grindstone to the very end. What good is the wealth we have earned if we can’t enjoy it, though?

While you have the time, the money, and your health, you should plan a vacation getaway with your significant other. If you don’t, then you will live to regret it.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the Addicted To Life Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Enroll today!

Jul, 2022

Rob on the “Diary of an Apartment Investor” Podcast

The “Diary of an Apartment Investor” podcast, hosted by Brian Briscoe, recently had multifamily real estate investor Rob Rowsell on as a guest. Rob recounts his experiences of working with an SEC Attorney. Then, he gives advice to beginning syndicators on how they could also find success.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

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