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…
SHOW NOTES FOR EPISODE 150: ASK BILL! HIGH NET WORTH INVESTORS-NO RETIREMENT MONEY-WYOMING LLCS AND ASSET PROTECTION Where do you find high net worth investors? What happens if you don’t have any funds when you retire? How do you use LLCs, especially a Wyoming LLC, to best protect your investment properties? In this episode of “Ask Bill,” Bill addresses each of these questions and shares how, when you utilize the right strategies, it can result in significant benefits and revenue for your…
Are you thinking of investing in real estate but you do not have enough cash to do so? Here is a tip you can use as long as the property seller is willing to negotiate with you. To be fair, not every seller will be interested (or even understand) the concept outlined. Your best bet is to find a property that the owner has great interest in selling, whether because of moving,…
SHOW NOTES FOR EPISODE 149: HOW TO BE SET FOR LIFE Are you tied of a nine-to-five workweek? Do you work hard making someone else rich? Are you retired or approaching retirement and concerned that you won’t have the funds to make it? Why not build and follow a plan that allows you to live the life of your dreams? In today’s episode, Scott Trench, real estate investor and the author of Set for Life,…
SHOW NOTES FOR EPISODE 148: WHAT’S A GOOD CAP RATE FOR INVESTMENT PROPERTIES? Capitalization (or cap) rates are the most commonly used metric by which real estate investments are measured. Which begs the question – what is a good cap rate for an investment property? As with any complex topic, the answer is that it depends. My simple answer is that a good cap rate is anything the gives you good positive cash flow. …
You own a rental property for years, and never see the “big pay-off.” Is it time to cash in on your investment, now that you’ve paid down the mortgage, and values are up? Maybe not. The Problem With Selling Selling means you’ll have to pay a large capital gains tax. This can be avoided if you reinvest through a 1031 exchange, but then the point is that you want your money, right? …
SHOW NOTES FOR EPISODE 147: MOBILE FLIPPING, WHOLESALING AND LEASE OPTIONS Imagine traveling the world while money regularly flows into your bank accounts. This is not some wild fantasy. This is the life of Joe McCall, an engineer turned real estate investor, who has set up systems that allow him to remotely do wholesale and lease option deals from anywhere in the world. In this week’s episode, Joe McCall shares how he can travel…
SHOW NOTES FOR EPISODE 146: TEN BEST TIPS TO BOOST POSITIVE CASH FLOW According to Rich Dad Robert Kiyosaki, cash flow is the single most important factor when buying long-term rental properties. In this episode, Bill presents 10 key tips to help you increase your current rental property cash flow now and for the future. Introduction I own a number of rental properties, ranging from single family to apartment building, and my goal…