When home buyers go shopping for a mortgage, 90% of them opt for a 30-year term for one simple reason: It’s the most affordable home loan on the market. That is especially true of first-time homeowners, who want the safety and security of a monthly payment they can easily handle. If you put 20% down on a $150,000 home, your monthly payment for a 30-year mortgage (at 4.75% interest) is only $626 a month,…
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SHOW NOTES FOR EPISODE 351: FINDING THE BEST OFF-MARKET VALUE-ADD APARTMENTS Josh Eitington learned multifamily investing through the school of hard knocks. Starting with C minus properties in tough areas and moving to upscale B properties in hot downtown markets, he has refined and improved his investing strategy one step at a time. In today’s podcast, Josh shares how his business is now thriving and how he is now finding great off-market deals…
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SHOW NOTES FOR EPISODE 350: LEAVING A LEGACY For many real estate investors, the idea of “leaving a legacy” is an important aspect of their long term business plan and vision. Creating a real estate portfolio that can benefit your children, grandchildren and even your favorite charities can be a great way of giving back. The question is: When you pass away, do you want your business to continue to benefit your family or…
Buying or renting? Such is the question many business people ask themselves around the 1st of the month — right before writing their business’ monthly rent check. With the interests rates being what they are and prices being affected by the commercial paper crisis, the answer might very well be yes to buying if the right property becomes available and you can afford the cash down. Owning commercial real estate can have it’s advantages. Choices: …
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SHOW NOTES FOR EPISODE 349: MULTIFAMILY POWER INVESTING – GENERATING $30 MILLION IN 18 MONTHS Many real estate investors get frustrated and discouraged trying to get over the “one investment at a time” hump to reach total financial freedom. In today’s podcast, tech executive, real estate investor, syndicator, entrepreneur and podcast host Agostino Pintus shares his personal struggles, moving from “the bottom” to rapidly switching gears into hyper-drive to achieve financial independence in the short term. What You Will Learn How…
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SHOW NOTES FOR EPISODE 348: WHY I DON’T DO SECTION 8 ANYMORE Guaranteed rent. Above market rental rates. Pre-screened tenants. Free advertising. Sound too good to be true? Exactly! For many real estate investors with properties in low-income areas, the appeal of renting to Section 8 tenants is almost to tempting to resist. However, in today’s podcast episode, Bill explores some of the myths behind Section 8 landlording and suggests to over zealous investors that…
It is very important to know the ‘accurate’ market value of your real estate property. There are two ways in which one can determine the exact market value: one is through property appraisal and another is through comparable market value analysis. Usually these 2 methods are used in combination with each other in order to a make a sale price for the seller or offer proposal for the buyer. Generally people tend…
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SHOW NOTES FOR EPISODE 347: DEVELOPING YOUR REAL ESTATE INVESTING ACTION PLAN FOR MAXIMUM SUCCESS Real estate investing can be the best way for the average person to build wealth over a short period of time. But without a solid plan it can be difficult to achieve your goals. In this episode, successful real estate investor and entrepreneur Nick Disney shares how he was able to meet and surpass his goals by creating a simple real…
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SHOW NOTES FOR EPISODE 346: HOW TO FIND THE OWNER OF ANY PROPERTY Whether you need to find the owners of a dilapidated property that needs cleaning up, or you want to make an offer on your dream off-market property, locating the names of a property owner is important. In either case, and especially for those real estate investors trying to find those “diamond in the rough” properties, finding the property owner is…
Real estate investing can be a profitable and worthwhile financial venture to build cash flow, obtain a great return-on-investment and to build a legacy for your children and your children’s children. However, be wise and understand that you can achieve significant success sooner by avoiding common investor pitfalls. Mistake # 1 – Spending thousands of dollars buying books, tapes and attending seminars and then putting all of that information on a bookshelf and never looking at…