How do you find cheap homes? There are too many ways to list here, but there are five basic principles to learn. Understand these, and you can save thousands of dollars on your next home. 1. Cheap Homes Are In Cheap Towns Yes, there are still beautiful towns in this country where you can see a good movie, put the kids in a good school, go shopping, enjoy nearby natural beauty, and…
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SHOW NOTES FOR EPISODE 181: LIVIN’ IN THE CASH FLOW ZONE He went from house flipper to buy ‘n holder investor to cash flow expert! In this episode, Tyler Sheff, successful real estate investor and host of the Cash Flow Guys Podcast, shares his real estate investing journey dealing with massive tax bills he couldn’t pay, to getting a W2 job to pay his tax bills and, finally, to mastering the “slow and steady” cash…
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SHOW NOTES FOR EPISODE 180: STRATEGIC TIPS FOR HIGH OCCUPANCY RATES The occupancy rate for a rental property is like the fuel for an automobile. No matter how good a rental property is, it becomes irrelevant if it’s not occupied by good tenants. But what if you own a rental property that is not attracting enough tenants, and therefore not generating enough profits. In today’s episode, Bill shares a few “insider tips” that real estate investors can use to…
So you’ve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt, grinning ear-to-ear, waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now). And now, you are thinking, “Wow, this looks like a great deal, I better get it fast before the special offer expires.” You notice how there’s always a special offer! Anyway,…
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SHOW NOTES FOR EPISODE 179: POLICE LIEUTENANT’S FIRST RENTAL PROPERTY PURCHASE IS AN APARTMENT BUILDING When Lieutenant David Sweeney of the Seattle Police Depart became eligible for early retirement at age 53, he realized that, with three young children, college, weddings and still more major expenses ahead, that his pension was inadequate to carry him through his retirement years. In this episode, David shares how real estate investing, and specifically multifamily investing, was exactly what he needed to…
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SHOW NOTES FOR EPISODE 178: TOP US EMERGING REAL ESTATE MARKETS FOR 2018 Wise real estate investors we are always on the lookout for great new “emerging markets” where all market factors point toward strong appreciation and growing rental demand. Buying rental properties in the earliest stages of the market cycle result in quicker, high-yielding returns over time. In this episode, Bill shares little-known information about some new primary and secondary markets that have all the…
As far as home improvements go, landscaping is a solid investment – in fact, a well designed outdoor project can offer a better return than most of those inside the house. Good landscaping can add between 7 and 15 percent value to your property and has a recovery value of 100 to 200 percent, so shell out now and get it back when you sell. Many investors will tell you that a well-designed landscape…
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SHOW NOTES FOR EPISODE 177: THE UNOFFICIAL GUIDE TO REAL ESTATE INVESTING WITH MARTIN STONE Growing up on welfare in Duluth, Minnesota made a lasting impression on young Marty Stone. It was that experience that motivated him to business success and financial independence. In this episode, Martin Stone, the author of the acclaimed real estate investing “reference bible,” The Unofficial Guide to Real Estate Investing, shares how he fulfilled his childhood dream,…
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SHOW NOTES FOR EPISODE 176: ASK BILL! NEWBIE WITH LIMITED FUNDS, REAL ESTATE AGENT 1ST, RESERVES, AND INVESTING $500K Ask Bill! How do I get started in real estate investing if I have very little money to invest? Should I become a real estate agent first before I become a real estate investor? How much money do I need to keep in reserves personally and for each property as a real estate investor? How should…
Rental property financing can be a bit overwhelming for most real estate investors. It is especially challenging for newbie investors. Yet, there are a few tips that you can follow in order to find the right financing for your investment property. Here are some possible rental property financing options. Consider applying for a loan This funding strategy is the most common in real estate investing. It’s not only for newbie investors but…