While many articles and books have been written to help you once you’re in debt, very few have been written about how to avoid getting into debt in the first place. Many people choose to go to credit counseling only after they’re on the brink of filing for bankruptcy. If you want to be successful financially, you have to first learn how to do things before the fact, not after it. In…
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SHOW NOTES FOR EPISODE 319: STARTED INVESTING AT 50 – STILL FINANCIALLY INDEPENDENT AT 72 He was nearly broke at age 50. With a new marriage and not much promise for his future, Rennie Gabriel remembered what his mother told him at 8 years old, “Buy apartments and let your tenants pay off the apartments for you.” In today’s podcast episode, Rennie Gabriel shares his story of how real estate investing took him…
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SHOW NOTES FOR EPISODE 318: HOW TO FIND AND ACQUIRE OFF-MARKET PROPERTIES In today’s competitive market, finding good properties that meet your investment criteria is not easy. Real estate investors have to be creative and aggressive to locate those “diamond in the rough” properties that will both provide a great return and are positioned for equity growth. In this podcast episode, Bill shares creative insider strategies on how to find and acquire great off-market…
Why offer seller financing? Let me give you an example. Many years ago a certain real estate investor bought a rental property and then realized he no longer wanted to be a landlord. So, nine months later, he sold it for 15% more than he paid for it, without fixing or improving a thing. The easy terms are what sold it. He took only $1,000 down from the buyer and, years later, still receives…
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SHOW NOTES FOR EPISODE 317: USING DIRECT MAIL TO FIND GREAT OFF-MARKET PROPERTIES Finding off-market properties in today’s sellers market can be a tremendous challenge for real estate investors. In this podcast episode, marketing expert and CEO of PostcardMania Joy Gendusa shares some creative ideas and case studies from investors who are finding great off-market deals utilizing direct mail postcard campaigns. What You Will Learn How to find off-market deals through postcard direct mail marketing…
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SHOW NOTES FOR EPISODE 316: HOW TO FIND HOT NEW MARKETS In today’s sellers market, finding good deals has become more and more difficult for real estate investors. Nonetheless, smart investors are still finding new markets that not only have great deals but are poised for long-term growth. In this podcast episode, Bill shares some of the strategies savvy investors are using to find those great markets for both short and long-term gains. When looking for hot new markets, where does…
Many real estate investors become frustrated with the tenants and the toilets. And when you look at the way they manage, it’s no surprise. The most important part of investing in rental real estate is to have a good property management system. In any successful management system there are the five P’s. They are Property, People, Paperwork, Policies and Procedures. Lets look at each of these P’s individually. The Property must be…
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SHOW NOTES FOR EPISODE 315: SELF-STORAGE INVESTING STRATEGIES The Self-Storage industry is booming! Understanding the industry, market and operations is important for anyone wanting to move into the space as a buyer or investor. In today’s podcast episode, 20 year self-storage executive and expert Scott Krone shares insider information and insight on the industry, as well as commentary on how to identify good investments from bad. What You Will Learn Market shifts and the…
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SHOW NOTES FOR EPISODE 314: THE PROBLEM WITH PROPERTY MANAGERS If you’re an out-of-state real estate investor, you recognize the value of good property management. In fact, it could be argued that one’s success or failure as an out-of-state real investor rests primarily upon property management. In this episode, Bill shares the challenge of managing property managers and the built-in obstacle of conflicting business models. Introduction I have always invested out-of-state! I don’t know…
One thing about owning property is that it helps in getting loans. One can easily obtain secured loans by using the house as collateral. Moreover, secured loans are a lot more affordable than the unsecured variety. Those who have no mortgages to pay should have no troubles in getting secured loans. Those who are still paying off the mortgage installments can make use of the equity on their home to pay off…