The dream of owning a family vacation home in some sun-drenched overseas location is one the majority of us share, and because real estate proves itself time and again as a solid long term investment commodity, many more people are committing to purchasing real estate abroad as an investment that they and their family can also enjoy and benefit from. When buying a vacation home abroad there are a number of key…
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SHOW NOTES FOR EPISODE 199: SECRET WEAPON TO ACQUIRE OFF-MARKET REAL ESTATE DEALS Dave Lecko is an electrical engineer and real estate investor who would “drive for dollars” to find distressed properties to purchase, rehab and rent out. The process of acquiring the property owner’s address and phone number, however, was lengthy and took too long. In this podcast episode, Dave shares how his frustration motivated him to develop an app (that is…
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SHOW NOTES FOR EPISODE 198: WHAT IS A GOOD ROI FOR YOUR RENTAL PROPERTY Being aware of the potential financial returns of an investment property is the driving force behind a purchase. But how can you find out the financial return of a rental property? Through its ROI (Return-on-Investment), of course! But what exactly is ROI? And what is a good ROI for rental property? In today’s Fun Facts Friday podcast, Bill will take a look at…
Many people tend to get caught up in real estate trends reported in magazines, newspapers and on television. This is not a wise idea. With the advent of the Internet, you can learn just about anything on a particular subject. While access to information is usually a positive development, things can conversely get a bit crazy if you get overloaded with it. Look long enough and you can find two pieces of…
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SHOW NOTES FOR EPISODE 197: ARE MOBILE HOME PARKS A BETTER INVESTMENT THAN APARTMENTS? He developed a love for investing at age 17 but ended up working for “the man” at a Silicon Valley start-up. With the goal of gaining financial independence and growing wealth, Jefferson Lilly searched for the perfect investment. In this episode, hear how Jefferson’s journey ultimately resulted in him becoming a multimillionaire mobile home park investor. What You Will Learn Why Jefferson believes mobile home parks are the…
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SHOW NOTES FOR EPISODE 196: AIRBNB APARTMENT TEST UPDATE Bill’s experiment with converting one of his Indy apartment units into a short-term rental unit via AirBNB, VRBO and other furnished housing portals, proved to be a success. In this episode, Bill shares his results to-date as he prepares for a trip to Indy to convert two more units. Introduction As real estate investors, we should be looking at ways to improve what we do and to maximize…
We hear every day how important it is to own real estate. What we don’t hear is how to make sure we get the best rate possible and save ourselves thousands and thousands of dollars over the term of our mortgage. Not everyone is blessed with the best credit and a huge down payment. So, how does one basically get the best deal on their mortgage or refinance? 1. Find out your…
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SHOW NOTES FOR EPISODE 197: MAKING UP FOR THE LOST TIME WITH MATT THERIAULT When you’ve lost everything and you’re trying to pick up the pieces and move forward with your life, where you begin? This was the real life dilemma faced by Matt Theriault who, overnight, went from a 7 figure salary to a $7 per hour grocery bagging job. In today’s podcast, Matt shares how real estate investing became the vehicle to not only…
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SHOW NOTES FOR EPISODE 194: BARRIERS TO ENTRY – EXCUSE #1 – “I DON’T HAVE THE MONEY” All too often the biggest thing keeping us from success is ourselves. In this episode, Bill begins the first in a new podcast series entitled “Barriers to Entry,” where he explores and responds to some of the most common excuses we use for not getting started in real estate investing. This episode addresses excuse number one – “I don’t have the money.”…
I often get asked the question, “What do I look for in a neighborhood?” My answer is always the same. “Easy. Value!” I usually get a strange look, but it’s true. In a neighborhood, I am looking for clues to assess the value of the property, plain and simple. Well, maybe not so plain and simple, I know. So let me explain. Normally, value-add properties are not in the expensive areas of…