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,…
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SHOW NOTES FOR EPISODE 597: LIGHTING CARS ON FIRE TO INVEST IN OLD HOMES How can a failed stand-up comedian, who lit his car on fire to raise money for his pre-foreclosure home, ever succeed in real estate? In this week’s podcast, failed comedian, philanthropist and real estate investor John Maxim shares how a starving student (himself) discovered a profitable niche that allowed him to invest in real estate by buying old homes….
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SHOW NOTES FOR EPISODE 596: KNOWING YOUR NUMBERS There are lots of numbers you need to know in real estate investing to be truly effective and successful. Almost everything you will do in real estate investing is based on numbers. In today’s podcast, Bill shares what those numbers are and how you can learn to master those numbers for real estate investing success. Knowing Your Numbers I hope you are enjoying our series, Ten Steps to…
by Daniela Gonzalez Property value has many moving parts, especially for something that itself doesn’t, well, move. The factors involved in determining property and home value are sliding scales of perception, priority, and personality. What is important to some may be a deterrent to others, so coming to a consensus on the value of a property has numerous considerations. How Is Home Value Determined? Size This one is pretty straightforward – larger homes…
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SHOW NOTES FOR EPISODE 595: TRANSITIONING FROM ACTIVE TO PASSIVE REAL ESTATE INVESTING There comes a time in many real estate investors careers where they no longer want to be active investors. In this episode, personal finance expert, author and real estate investor Rachel Richards shares how and why she quickly built a significant real estate portfolio, retired at age 27 and is now transitioning from an active to passive investor. What You Will Learn Why Rachel…
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SHOW NOTES FOR EPISODE 594: BUILDING A WINNING REI STRATEGY! Before you can become successful at real estate investing, you must build a solid foundation from which to build your business. In this episode, Bill shares the five phases necessary to building a strong, sustaining real estate investing success strategy Introduction This is the third episode of our 10-episode series called 10 Steps to Real Estate Investing Success. To recap or first two episodes… 590:…
Real estate investing tips tend to be a bit vague, like “invest in the right location,” or “make sure the numbers work.” Actually, tips like these are important principles to remember. However, since they have been well represented in other articles, I want to share a few more specific tips with you. 1. Listen to the Market The cabinet guy looked to me for a decision. I realized that I knew nothing…
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SHOW NOTES FOR EPISODE 593: USING DATA DRIVEN REI TO FIND DISCOUNTED PROPERTIES The real estate market is hot! As a result, trying to find below-market properties is nearly impossible! In today’s podcast, engineer, real estate investor and founder of RealtyQuant Stefan Tsvetkov shares how he is finding tons of below-market properties in competitive markets through data-driven real estate investing strategies. What You Will Learn Where you can find “under market” deals in today’s…
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SHOW NOTES FOR EPISODE 592: WHAT TYPE OF REAL ESTATE INVESTING IS FOR YOU? Real estate investing success is all about due diligence and the numbers! In this episode, the second episode of our “10 Steps to Real Estate Investing Success,” Bill shows how to pick a real estate investing strategy that works best for you. Intro Successful real estate investors know how to do their research. The better your due diligence, the…
Have you ever dealt with bad renters? Late payments? Stains on the carpet? Calls late at night about a stopped toilet? Sometimes being a Landlord is not a fun game, especially when you have a nice home and bad tenants. Have you taken advantage of the recent low interest rates and refinanced your home to the maximum? What about a home equity loan or other form of second mortgage? Do you know…