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If you’ve been around real estate investors, agents, brokers, or contractors, you may have heard some of them toss around the term “good bones.” Do you know what it means to say a house has good bones?

When you invest in real estate with the goal of managing income-producing rental properties, there are four rules you must live by. First, you have to subscribe to the principle that you make your money when you buy. In other words, you should only invest in a property when the price makes sense.

As most of us agree, real estate has gotten too darn expensive. In markets from San Francisco to Manhattan and everywhere in between (including here in Houston), housing costs are mostly still climbing.

When it comes to moving, a lack of space is one of the most common reasons families take the plunge. As families grow, so does the need for more space. One of the primary concerns is often the number of bedrooms.

The life of a landlord is unique. No two days look the same, and the only thing you can expect is the unexpected. The more properties you add to your portfolio, the more challenges you’re apt to face.

Building wealth entails diversifying your assets and generating as many different revenue streams as can. Owning rental properties is a great example of having established diversified revenue streams for your portfolio.