There is little doubt about the fact that a real estate market crash can be frightening for everyone, especially investors. When the market is good, it’s great; however, when it starts to slide it can be more than a little stressful. Many new investors often look to veteran investors and wonder how they are able to make it through the ups and downs of the real estate market year after year and…
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SHOW NOTES FOR EPISODE 451: FROM MILITARY TO MILLIONAIRE THROUGH REAL ESTATE INVESTING Here’s a little secret: military personnel and vets have an advantage over all other real estate investors! In today’s podcast, you will learn how U.S. Marine, real estate investor, and podcaster David Pere, with a limited salary, a job that requires constant relocation and a growing family, amassed an impressive real estate portfolio and still has time to teach other soldiers…
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SHOW NOTES FOR EPISODE 450: ASK BILL! WHERE TO BUY A HOUSE FOR $1,000 AND HOW TO FIND A MULTIFAMILY MENTOR Tip of the Week Make your money when you buy – “It’s easy to overpay for real estate, especially in this market where things are selling quickly. In general, if you’re keeping the property, don’t count on appreciation as a way to make money. It can work but it’s still a higher…
You probably already know some of the secrets of how to make an offer on a home. You offer less than you’re willing to pay, right? That’s the most common negotiation technique. For experienced investors, though, that’s just one technique among many more powerful ones. How To Make An Offer 1. Offer an odd amount Offer an odd amount like $161,735. This gives the impression you know something the seller doesn’t. He…
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SHOW NOTES FOR EPISODE 449: KNOWING YOUR MARKET DOWN TO THE FLOORBOARDS When a physical therapist decided to flip a few houses to pay off her student loans, she never dreamed this would happen! In this podcast, you will learn how doctor of physical therapy, model, and real estate investor Kimberly Marie “accidentally” mastered real estate investing by leveraging her natural curiosity, along with her unique in-depth market research methodology, to reduce investment…
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SHOW NOTES FOR EPISODE 448: WHY THE SILVER TSUNAMI IS CHANGING THE REAL ESTATE MARKET AS WE KNOW IT Real estate investors need to be aware that a “silver tsunami” is forming, a huge wave of homes expected to hit the market as baby boomers — people born between 1946 and 1964 — age, downsize, and die. In today’s podcast, Bill shares information that could literally reshape today’s real estate investment market. Word…
By Dan Hall House hunting can be tricky during a pandemic. It can be risky to visit a home in person, and tough to know how to complete all the necessary steps involved in buying a house, such as conducting a thorough home inspection. Before you jump into looking at houses, follow some of these tips for knowing what virtual tools are available to help you. Virtual home tours While it’s not…
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SHOW NOTES FOR EPISODE 447: HOW TO FLIP A HOUSE IN 7 DAYS Building a real estate business that generates enough money to replace your W2 income is not an easy task – unless you’re an over-achieving house flipper named Tyler Jensen. In today’s podcast, entrepreneur, philanthropist and flipper extraordinaire Tyler Jensen shares how he went from milking cows to corporate executive to full-time power house flipper who has the distinction of being the first fix ‘n flipper to…
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SHOW NOTES FOR EPISODE 446: CAN YOU REALLY GET A MORTGAGE RATE BELOW 2%? Interest rates are at an all time low and this means wonderful things for real estate investors. But how low can they go and what is the true cost of those super-low rates? In this podcast, Bill explores ultra low interest rates and whether they are worth the cost or hassle. He also shares where you can find great rates without having…
There are two legal ways to increase your wealth: Keep more of what you have (e.g., tax strategies, rehab efficiencies, expense reductions, cost savings) Add value to something (e.g., a real estate investment, stocks, bonds) Let’s focus on those hacks that will specifically add value to your real estate investments. The most obvious is certainly those things that will bring your property back up to standards. We have to do the obvious things such as:…