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SHOW NOTES FOR EPISODE 083 – FLIPPING RAW LAND WITH MARK POLDOLSKI You’ve heard of flipping houses, but did you know that there are also people who are making a killing flipping raw land. In this episode, Mark Poldolsky shares his personal story of how he stubbled into flipping raw land, made more money than he ever dreamed and is now sharing this untapped real estate investing niche with others. What You Will…
SHOW NOTES FOR EPISODE 082–WHAT IS A 1031 EXCHANGE? Many people who sell an investment property believe that federal capital gains from that sale must always be handed over to the IRS. This is not always the case. IRS Code Section 1031 offers investors the opportunity to reinvest federal capital gains from a sale if you swap that property for another…and it does not always have to be for ‘like property’ either! …
If you are serious about real estate investing, you need to know the basic “lingo” spoken by other investors. Nothing is worse than having a conversation with someone you want to impress when you realize you haven’t understood a word they’ve said in the last 30 minutes. To help you be better prepared as you network with others and try to grow your real estate holding, we’ve put together a handful of common terms that most investors should…
SHOW NOTES FOR EPISODE 081 – APARTMENT BUILDING INVESTING WITH CHRIS URSO Chris Urso was living in his parents basement trying to figure out what to do with his life when he read a book that transformed his life. The book was Rich Dad Poor Dad by Robert Kiyosaki and it motivated Chris to jump into real estate investing with a fury. In this episode, Chris shares how he jumped in from…
SHOW NOTES FOR EPISODE 080 – SHOULD YOU PAY FOR A MENTOR? Mentors are a critical element of real estate investing success. In this episode, Bill discusses mentors and examines the question of whether or not it’s worth it to pay for a mentor. We have discussed quite a bit about mentors in the last few months because I believe it’s an important requirement for real estate investing success. In episode #006, on…
Oh, that’s an easy one. I can answer that in one word. FEAR. Real estate investment is a great way to change just about everything in your life, but it’s one of those things where doing it for the FIRST time is the toughest. In fact, the second is exponentially easier! It’s fear folks, plain and simple! And why doesn’t that make much sense to me? Consider that: “Everyone knows that the…
SHOW NOTES FOR EPISODE 079 – BUY & HOLD INVESTING AND AVOIDING SHINY OBJECTS As a new couple, Brie Schmidt and her husband were looking for a creative way to buy their first house in high-priced Chicago. Buying a triplex, living in one unit and renting out the other two seemed like a good solution. Little did they know it would evolve into a full-fledged real estate investing business with over 30…
SHOW NOTES FOR EPISODE 078 – HOW TO BUY APARTMENTS THAT AREN’T FOR SALE Finding good apartment deals is getting increasingly difficult as more people are scanning the horizon for those “diamonds in the rough.” In this episode, Bill Manassero presents a helpful tip for investors on how to find apartments that no one else knows about. Introduction The good news is: this is a great time to buy apartment buildings. The bad news is: everyone knows…
Why should you consider refinancing real estate investments instead of selling them? Maybe you’ve owned a rental property for years, you’ve paid down the mortgage, the value is up, and you want to cash in on that equity. You will do better to refinance. Here’s why. There are two problems with selling. First, selling means paying a large capital gains tax. You can avoid this if you reinvest through a 1031 exchange,…
SHOW NOTES FOR EPISODE 077 – FUNDING YOUR FIRST BIG REAL ESTATE DEAL When you acquire a larger property that is priced beyond your cash-on-hand, you need to find the money to cover the down payment, closing costs, and repairs/rehab expenses. You also need to have someone sign on the loan with a net worth more than the property. Where do you go to find that kind of money and a person…