The holidays give you the perfect occasion to buy real estate. Not only can you pick up a bargain property from a motivated seller, you can save on your purchase expenses. Here are six reasons why it’s smart to buy in December: Home shoppers put off looking for a home because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm…
SHOW NOTES FOR EPISODE 157: LEASE OPTIONS AND CRACKED HOUSES She learned real estate investing through the school of hard knocks. From buying vacant lots at land auctions to acquiring multifamily apartments, Whitney Nicely believes in diving in head first and figuring it out later. In this funny and information-packed interview, you’ll learn how this spunky Tennessee girl has managed to build her bustling real estate business from scratch without much more than a strong…
SHOW NOTES FOR EPISODE 156: THE RICHEST REAL ESTATE INVESTOR IN AMERICA We say this is “Fun Facts Friday” but lately, we haven’t had much “fun” stuff. So, we thought we would do something a little different and profile someone who has made a major impact through his creative efforts via real estate investing. In this episode, Bill profiles someone who is not necessarily well-known, even though he is the richest real estate investor in America. I…
With over four million listings in 191 countries, AirBNB has achieved unparalleled growth within its industry since its 2008 launch. While it’s had its share of controversy, AirBNB’s success is founded on the ability for essentially anyone to list an extra room on their website. If you’re considering renting out your apartment, residence, an extra room or other property on AirBNB, here are ten tips for running a successful AirBNB business. If you…
SHOW NOTES FOR EPISODE 155: AUZZIE COUPLE BUYS 324 UNITS IN 6 YEARS AND ARE NOT SLOWING DOWN! Building a real estate portfolio can be a slow methodical process for most people – but not for the Dhillons. This couple from Australia has grown a dynamic cash flowing investment portfolio from scratch that has recently exploded exponentially! In this episode, Kevin and Daniella Dhillon share how they started out working and saving while living in their parents’ house…
SHOW NOTES FOR EPISODE 154: WHAT IS A GOOD CASH-ON-CASH RETURN? A cash-on-cash rate of return is one of the more popular rates of return associated with rental property analysis. Ironically, though, it’s not a particularly powerful statistic. In this episode, Bill explores cash-on-cash returns and attempts to answer the question, “What is a good cash-on-cash return?” First off, I have to say: You should never rely on a single ratio or metric…
I didn’t understand the concept of a real estate team at first, so I had a hard time with real estate investment. I tended to be a “lone wolf,” trying to do too much myself. I have since learned that real estate is a team sport. To be successful, you need a team of solid, quality people you can trust and rely on. Here are some key team members, and what they need…
SHOW NOTES FOR EPISODE 152: ARE YOU THE NEXT MAJOR REAL ESTATE INVESTMENT MARKET? As buy ‘n hold real estate investors, we are always looking for the next great market. Sometimes it’s a location, a city or MSA where there is great job growth, population increase or other factors that would create a demand for rental property. Sometimes it’s a group of people, a segment of the population, that has similar characteristics and may also…
Why hire a property manager (PM) for your rental? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. Also, with the right PM in place, you’ll have more time to find your next deal and grow your rental property portfolio while you PM takes care of the day-to-day management duties of your rental property. A PM can make or break your real estate investing business. A good PM…
SHOW NOTES FOR EPISODE 151: STRATEGIC PASSIVE INVESTING Introduction There are many real estate investors who never purchase properties, speak to property managers, deal with tenants or even sign escrow papers. These investors are what are referred to as truly passive investors, whose primary investment is the capital they infuse into other (less passive) investors’ projects. In this episode, Dr. Buck Joffrey, a physician turned full-time investor, shares his insider secrets on how…