By Ashley Smith Being a landlord presents many challenges, which require interaction and empathy with tenants, whilst also keeping an element of self-interest in mind too. Owning a property is a financial burden on you and the return you take from it is crucial for your own quality of life. However, that must be offset with consideration around the tenant in your property, whose life you essentially cradle in your hands. There…
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SHOW NOTES FOR EPISODE 441: HOW TO BUY QUALITY OFF-MARKET RENTAL PROPERTIES WITHOUT LEAVING YOUR HOME What if you could purchase a pre-screened, pre-inspected, cash-flowing property in a good market, with a good property manager and tenants already in place – all with a 30-day money back guarantee? Well, in today’s podcast, you’ll hear from the CEO of Roofstock Gary Beasley who has launched an online service that does all that and more. What You…
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SHOW NOTES FOR EPISODE 440: ALL ABOUT FHA LOANS FHA loans are an invaluable tool for real estate investors, especially new investors and house hackers. In today’s podcast, Bill digs into the world of FHA loans and shares what FHA loans are, how they can benefit real estate investors and the pros and cons of using an FHA loan. Tip of the Week Don’t over-leverage yourself – You can be very successful for…
There are many different types of real estate investments. Which way is best is for you, according to your particular needs. Here are 10 ways to consider, with their advantages and disadvantages. 1. Rental Houses Advantages: One of the easier ways to get started, and good long term returns on your investment. Disadvantages: Being a landlord isn’t much fun, and you typically wait a long time for the big pay-off. 2. Apartment…
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SHOW NOTES FOR EPISODE 439: HOW I GREW MY REAL ESTATE BUSINESS TO OVER $1 MILLION IN PROFITS IN 12 MONTHS After 20 years in corporate life, Mike realized that his hope for a great retirement looked bleak. He decided to find a side hustle to make a little extra money to supplement his retirement funds. In today’s episode, author, entrepreneur and real estate investor Mike Simmons shares how he grew his side hustle from just a “little extra money” into a…
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SHOW NOTES FOR EPISODE 438: MUST KNOW KEY RATIOS FOR A QUICK PROPERTY ANALYSIS Some people say real estate investing is all about the numbers. But what are the right numbers to determine whether a property is a gem or a dog. In this episode, Bill takes a look at those key “must have” numbers and ratios that help real estate investors identify those truly great rental properties. Tip of the Week Treat your investments…
You can purchase property for cash, of course, and if you have it, this can be the best way to get a great price. But what if you don’t have the cash? Here are some other options available for investors. Partner To Purchase Property Join the local real estate investing group in your town. Then start taking notes, names, and numbers. Many real estate investment groups meet monthly in various cities. The…
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SHOW NOTES FOR EPISODE 437: WHAT TO LOOK FOR IN FINDING A GOOD REAL ESTATE ATTORNEY As a real estate investor, putting together a winning team is crucial for your long-term success. Accountants, bankers, real estate brokers and agents, and attorneys are some of the key members of your team. In today’s podcast, real estate investor and attorney Jeff Love shares important tips on how to find and evaluate a good real estate attorney. What…
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SHOW NOTES FOR EPISODE 436: 4 SIMPLE STEPS TO BECOME A SUCCESSFUL REAL ESTATE INVESTOR Becoming a successful real estate investor is not as difficult as many people think. Sure there is some basic knowledge required but it’s action and perseverance that will make you successful. In this podcast, Bill presents the essential steps necessary to become and succeed as a real estate investor. Tip of the Week Set a budget and timeline (and expect to go…
Buying rental properties can be a great way to build your wealth. However, as in most real estate investment, it is sometimes difficult to know if you’ve found a good deal – especially the first time. Here are some things to look for to be sure that rental is a great investment. 1. Location If traffic is heavier, rentals are easier to rent. A sign will often pull more response than an…