Are high-profit real estate deals only for the wealthy? Is it possible to buy with no money down? Do you really have to know the “right” people? Let’s answer by looking at some of the myths of real estate. 1. The good real estate deals are reserved for the wealthy. Of course money helps, but your first deal could be a deal where you put NO MONEY DOWN, if you you seek this…
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SHOW NOTES FOR EPISODE 383: FROM REALTOR TO REAL ESTATE INVESTOR TO AIRBNB MAVIN From a renter struggling to pay her rent and living on food stamps, to owning several BNB homes and running a six figure short term rental property management company, Rachel Prince is all about optimizing your assets! In today’s podcast, Rachel will share some of her insider secrets of how you can quickly ramp up your own AirBNB business for instant…
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SHOW NOTES FOR EPISODE 382: TOP 10 REAL ESTATE INVESTING MARKETS FOR 2020 Tip for the Week If you’re an out-of-state investor and you need work done on your property in a hurry, check out these resources. TaskRabbit.com Handy.com HomeAdvisor.com Introduction We all know that real estate is about location, location, location. But the important question for real estate investors is really… which location is best for investing? We talk a lot about…
Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation’s ability to reduce mistakes. The cost of repairing the mistakes is inversely proportional to the amount of profit potential of the operation. In other words…”Mistakes Kill the Profit Margin!!!!!” As landlord’s, we don’t want to do damage to the precious profit margin we fought so hard to nurture. A landlord’s profit margin struggles every day…
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SHOW NOTES FOR EPISODE 381: REAL ESTATE INVESTING WITH NO START-UP FUNDS After more than 40 successful years buying, holding and selling properties, Lou Brown has never had to get a bank loan nor qualify for a loan. He has mastered the art of creative financing and investing in real estate without tenants. In today’s podcast, Lou shares some of his insider secrets on how he is able to acquire properties without ever having to work…
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SHOW NOTES FOR EPISODE 380: THE REI DO-OVER There is one constant when it comes to real estate investing – it is generally unchanging, solid and consistent. But, at the same time, it is always changing. Does that sound contradictory? It is, but, in reality, they’re both right! For the real estate investor, change must be factored into everything you do. In this episode, Bill examines the importance of regularly monitoring, revising and adapting…
Selling income property isn’t like selling a house. You can paint a house, and get a little more because it looks nice. Rental property is different because it’s bought by investors, who look at income more than new paint. Raise income, and you increase value. Let’s assume investors in your area expect a capitalization rate of .08. That means that they want a net return (before loan payments and taxes) of 8%…
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SHOW NOTES FOR EPISODE 379: HOW TO MAKE $3 MILLION A YEAR ON APARTMENTS YOU DON’T EVEN OWN – PART 2 He went from homelessness and living out of his van to motivated entrepreneur to AirBNB tycoon. In today’s podcast episode, we continue the second part of our podcast with Sean Rakidzich where he shares how he went from accidental AirBNB host to generating $3 million a year with apartments he doesn’t even own. What…
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SHOW NOTES FOR EPISODE 378: A BEGINNER’S GUIDE TO MAKING MONEY IN REAL ESTATE When it comes to investment, real estate has proven to generate some of the highest returns. However, many people are unsure about how to get started. If you are a newbie investor, you can invest in income property in multiple different ways- directly, indirectly, with a bad credit score, with no credit, or even with no money- and STILL…
By Rhonda Underhill Putting a house on the market during the colder months can be a little intimidating. However, if you’re downsizing or moving to warmer digs for retirement, you sometimes have to sell while it’s cold out. From lackluster lighting to slushy driveways, winter weather can put a major cramp in your house-selling plans. However, the right approach will actually allow you to take advantage of winter weather. Buyers tend to…