Opting for cash out refinancing is one method that I would recommend to someone that is serious about building out their real estate investment and property portfolio. You are able to take out a new mortgage with a principal that is larger than your current mortgage and utilize those funds to purchase new investment properties. Many a person has been able to do this, get a lower interest rate and have the…
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SHOW NOTES FOR EPISODE 135: REAL ESTATE INVESTING OUTSIDE THE BOX For the last 40 plus years, Jay Henrichs has been a real estate broker, sold raw land, built developments, been a mortgage banker and hard money lender, sold timber, and survived multiple recessions. He became what he had to be based on the situation — even if it meant going outside the realm of conventional real estate investing. In this episode, Jay…
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SHOW NOTES FOR EPISODE 134: ASK BILL! SINGLE FAMILY VS. MULTIFAMILY AND LLCS AND LOANS Which are better investments, Single Family Homes or Multifamily Apartments? Also, if I take out a mortgage in the name of my new LLC, how will they determine credit history without any on the LLC? In today’s Ask Bill episode, Bill answers these listener questions. Question #1 – Your LLC and Mortgage Loans Hi Bill, Firstly, thank you…
It doesn’t really matter what kind of investing you are participating in, it’s almost always a wise idea to have multiple streams of income in order to maximize your profits while spreading your risks. Even within the confines of real estate investing, there are different types of investing that can help you spread your risks. When markets meet turbulent times, multiple streams of income can be a very good safety net for…
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SHOW NOTES FOR EPISODE 133: INVESTING IN SELF STORAGE FACILITIES Real estate investing has many different asset classes but there is one where rental income is generated with no tenants. In this episode, Hunter Thompson, podcaster and founder of Cash Flow Connections, examines the inflation-resistant benefits of self-storage facility investments. What You Will Learn Why self-storage is recession-resistant What other real estate investment is recession-resistant What makes self-storage one of the best real estate investment…
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SHOW NOTES FOR EPISODE 132: UPDATE ON INDY AIRBNB UNITS Buy ‘n hold investors are beginning to see the advantages of utilizing AirBNB to increase cash flow, supplement “traditional” buy ‘n hold properties and a means to capitalize on one of the biggest hospitality growth industries on the planet. In this episode, Bill shares how his thoughts on AirBNB and a brief recap of his trip to Indianapolis to begin test converting some…
There are many types of commercial properties available to those who work in the commercial real estate industry. Many people like to work in a specific area by working with only one or two types of commercial properties. They do this because they have expertise with that specific type of property. Commercial properties differ more than in just their appearance and use. How you purchase, sell, operate, manage, evaluate, and price each…
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SHOW NOTES FOR EPISODE 131: INVESTING POWER OF THE SELF-DIRECTED SOLO 401-K The tax benefits of the self-directed solo 401-K are ideal for real estate investors. In this episode, our guest, Dmitriy Fomichenko, discusses the multiple benefits of the self-directed solo 401-K and how you can qualify to open this valuable investing vehicle for your real estate investing activities. What You Will Learn The major differences between a self-directed IRA and a self-directed…
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SHOW NOTES FOR EPISODE 130: 9 STEPS TO BUYING YOUR FIRST RENTAL PROPERTY Buying a rental property is largely similar to buying a residential property. However, some important differences do exist. In this episode, Bill explains the main steps you need to follow once you have made the decision to buy an investment property. First, a Quick Update on my AirBNB Conversion in Indy Spent 5 days in Indiana (Aug 15-20) Primary reason: to set-up one…
The internal rate of return (IRR) is one of the more preferred rates of return used by real estate investors trying to measure a rental property’s financial performance. This is because it calculates the time value of the money. It is defined as a discount rate at which the net present value of a set of cash flows equals zero. Here’s the idea. IRR is the rate of return an investor can…