Year: 2017

Some uninformed folks would describe someone who rehabs distressed property as a “speculator” or even a “property speculator.”  Don’t be fooled!  There is a VAST CHASM of difference between rehabbing and property speculation. Let me explain.  According to Dictionary.com, the definition of speculation where business is concerned is: “Engagement in risky business transactions on the _chance_ of quick or considerable profit.”      “A commercial or financial transaction involving speculation.” While all investing……

SHOW NOTES FOR EPISODE 145: RICH DAD ROBERT KIYOSAKI REVEALS WHY THE RICH ARE GETTING RICHER Have you ever wondered why you work so hard, save and invest, yet never seem to get ahead financially?  In this episode, Rich Dad Poor Dad author Robert Kiyosaki talks about why most people never  get out of the rat race.  He also talks about his new book, Why the Rich Are Getting Richer and why we need to prepare for…

SHOW NOTES FOR EPISODE 144: RENTAL PROPERTY MARKETING SECRETS AND THE POWER OF A PICTURE Once you have purchased your first rental property, the next step is finding and keeping great tenants!  Finding great tenants is the key to nearly headache free rental property management.  In this episode, Bill explores some unique and effective techniques to help attract and maintain the perfect tenants for your rental property. In this podcast, I will outline…

Becoming a successful real estate investor Becoming a successful real estate investor requires being able to find good real estate investment deals and put them together.  Your job is not to become an closing attorney, a management expert, or a repair person.  Use professionals! You must learn how to appraise and find the true value of real estate.  This information will help you make better investment decisions.  Realtors, appraisers, and banks determine…

SHOW NOTES FOR EPISODE 143: FROM $600,000 IN DEBT TO REAL ESTATE MOGUL Linda and Jim McKissack, authors of the book HOLD: How to Find, Buy, and Rent Houses for Wealth, were reeling in success in the 1980s with their Texas restaurant/night club business — “living the dream” — until the economy took a major downturn.  Then, with over $600,000 in debt, they had to reconfigure their lives and turn things around quickly.  In this episode, Linda…

SHOW NOTES FOR EPISODE 142: ASK BILL! $50K for $1K MONTHLY – 3 APARTMENT BOOKS – REI AND COLLEGE How would you invest $50,000 in real estate to generate $1,000 a month in cash flow?  What are the first three books a person should read who is interested in investing in apartment buildings?  Should I go to college if I want to be a real estate investor?  In this Fun Fact Fridays episode of Ask Bill,…

Many people see investing in real estate as a way to generate cash flow, build-up a nest egg and have tenants pay your mortgage for you.  That is true but, like with anything, there are pros and cons and some mistakes to avoid if you want to succeed as an investor in real estate. 1. Be Pre-Qualified Always visit a with a mortgage broker or with your bank to get pre-qualified before you start…

SHOW NOTES FOR EPISODE 141: BECOMING A LIFEONAIRE WITH STEVE COOK Overview Will becoming a millionaire really set you free?  Americans work harder than ever before to pursue freedom, based on the delusion that more money and success will lead to a better life. The typical American trades the vast majority of their time and energy for the hope that, someday, they will be free.  Meanwhile, their intense pursuit of financial success is…

SHOW NOTES FOR EPISODE 140: 10 REASONS WHY I STARTED INVESTING IN REAL ESTATE IN MY SIXTIES Are you approaching retirement concerned that you might not have the funds you need?  Or, are you already retired and wondering if your retirement nest egg will meet your future needs and provide the lifestyle you desire?  In this episode, top old dawg Bill Manassero shares the challenge he faced with those same questions and how he found a…

As wonderful and constant as commercial real estate is, there are some major pitfalls that can completely ruin the interest, investment and return on a property.  Besides inaccurate assessments and risks that are beyond your comfort zone, the only real reason these pitfalls occur is because of the lack of due diligence that you perform.  By not investigating deeply enough, not overturning every rock, and rushing into what seems like an awesome…