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Properly underwriting the value of an apartment building is critical to finding and making great deals. Generally, a bank will use three different ways to assess an apartment asset’s value. The sales approach The replacement approach The income approach The sales approach – looks at other comparable properties and what they have recently sold at in the area.  Like residential real estate comps. The replacement approach looks at how much it would cost to create…

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SHOW NOTES FOR EPISODE 651: HANDS-OFF REAL ESTATE INVESTING With increasing inflation and recessionary concerns in today’s economy, many investors feel that the only wise place to invest is in real estate.  In today’s podcast, author, public speaker, real estate investor and CEO of Praxis Capital Inc. Brian Burke shares how and why passive real estate syndications have become a leading investment strategy. What You Will Learn How to invest in real estate with absolutely no money Creative…

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SHOW NOTES FOR EPISODE 650: HOW TO FIND BELOW MARKET PROPERTIES One key strategy for real estate investing success is finding good investment properties that are priced under market value.  However, in today’s sellers market, finding these “diamonds in the rough” can be challenging.  In today’s podcast episode, Bill shares some tried and true strategies that will help you both identify and acquire these properties. Finding below market value homes for sale is entirely possible. …

By Evelyn Long When renting an apartment, a tour is essential for many people. It helps them envision if they can call the property home, so ensuring you provide an efficient apartment tour is vital. Here are a few tips to help you get started. 1. Set Up Your Time Blocks Having set time blocks can create a more efficient process. It can allow you to schedule more tours in one day….

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SHOW NOTES FOR EPISODE 649: RICH DAD ROBERT KIYOSAKI REVEALS WHY THE RICH ARE GETTING RICHER Have you ever wondered why you work so hard, save and invest, yet never seem to get ahead financially?  In this episode, Rich Dad Poor Dad author Robert Kiyosaki talks about why most people never  get out of the rat race.  He also talks about his book, Why the Rich Are Getting Richer and why we need to prepare for…

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SHOW NOTES FOR EPISODE 648: JUST DO IT! One of the most difficult things for new real estate investors is just taking that first step – making that first purchase.  In today’s podcast, Bill shares how he made his first purchase and explores some of the common obstacles many new investors encounter that prevent them from investing and how you can overcome those challenges. Tip of the week: FIVERR.com FIVERR is a great online resource…

Why would you buy investment property without seeing it?  It’s a numbers game.  Whether or not you see the property before you make an offer isn’t nearly as important as making sure the numbers make sense. A man in California used to just send out offers on a hundred MLS listings at a time, offering 25% less than the asking price on each one.  Occasionally a few sellers would accept his offers….

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SHOW NOTES FOR EPISODE 647: LONG DISTANCE REAL ESTATE INVESTING USING THE BRRRR METHOD He went from full-time cop to reluctant landlord to avid real estate investor to top producing real estate agent to best selling author to podcast host to real estate mogul – all within the last ten years.  In today’s podcast, David Greene shares his amazing story of how he learned how to be a successful real estate investor by mastering unique…

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SHOW NOTES FOR EPISODE 646: HOW TO RETIRE IN 5 YEARS Real estate investing can be the key to an early and fruitful retirement for those who are willing to put in the time and effort.  It’s especially effective if you have a full-time job, can aggressively save and ramp up quickly to build up your real estate holdings.  In this episode, Bill shares a simple formula anyone can use to build a retirement rental property portfolio…

One of the most troublesome aspects of being a landlord is tenants who damage your property, from a few broken items to blatant disregard to total destruction, and even worse.  There are plenty of horror stories around about what tenants can do to a rental property. Sometimes a security deposit cover it.  Other times you have to take the tenant to court.  In either case, it either eats up valuable turn-around time…