Being a successful real estate investor requires a steady and consistent flow of good deals, the ability to act fast and knowing how to leverage each deal for maximum profitability. This requires a certain set of skills that allow you to quickly locate, assess and move on the right deals at a moments notice. This article outlines five essential skills every successful real estate investor must possess and develop. Determining Value You must learn how to…
SHOW NOTES FOR EPISODE 124: WHAT’S YOUR “ONE THING?” WITH JAY PAPASAN Achieving extraordinary things is just a matter of staying pinpoint focused on that “one thing” you are seeking to achieve! In today’s episode, Jay Papasan, successful entrepreneur, real estate investor and author of the book entitled The One Thing, shares how simplifying and focusing our efforts can quickly yield tremendous results. What You Will Learn What is your “One Thing” and…
SHOW NOTES FOR EPISODE 124: ASK BILL! ANSWERS TO LISTENERS’ QUESTIONS The Old Dawg’s REI Network receives many questions from podcast listeners via email, through our website at olddawgsreinetwok.com, through other outside websites (like Quora, etc.), by phone and in person. In this episode, we are introducing a new monthly Fun Facts Friday feature called “Ask Bill” where Bill will answer, on-the-air, some of the top questions received during the month. Introduction Hey…
Buying rental properties can be a great way to build your wealth. However, as in most real estate investment, it is sometimes difficult to know if you’ve found a good deal – especially the first time. Here are some things to look for to be sure that rental is a great investment. 1. Location If traffic is heavier, rentals are easier to rent. A sign will often pull more response than an…
SHOW NOTES FOR EPISODE 123: INVESTING SMART IN DIVERSE MARKETS Jason Hartman is a self-made multi-millionaire and serial entrepreneur who hosts 20 podcasts, has started 21 companies, owned properties in 11 states and visited 79 countries. In this episode, Jason shares his “insider” real estate investing secrets and discusses how he has managed to invest both smart and conservatively in multiple diverse markets. What You Will Learn The importance of diversifying geographically The 3…
SHOW NOTES FOR EPISODE 122: THE IMPORTANCE OF KNOWING YOUR WHY Embarking on the path to successful real estate investing is not always easy, but it’s even more difficult if you don’t know your why. In this episode, Bill looks back as his time in Haiti as an illustration of the importance of having and knowing your why before you get involved in real estate investing. Introduction Living in Haiti for 11 plus…
Where are the best real estate investment locations? If you have enough experience investing in real estate, you can make money almost anywhere, but there are always places that are better or worse for real estate investments. For maximum profits, you want places that have a better demand/supply ratio. You can use the questions below to find them. Real Estate Demand Does the area have decent job growth? Ask local authorities and…
SHOW NOTES FOR EPISODE 121: MICROSOFT STRATEGIST CREATES REAL ESTATE CASH FLOW MACHINE This smart old dawg has been ramping up for retirement since March of 2015 and already has more than 25 units. In this episode, Mackal Smith, a 20 plus year Microsoft employee and part-time real estate investor, shares how he is generating significant rental income for his future retirement while still working a full-time job. What you will Learn How you…
SHOW NOTES FOR EPISODE 120: PROSTITUTES, PROPERTY MANAGERS AND AIRBNB When you dive head first into real estate investing you’ll see and experience things that you may never have expected. In this episode, Bill shares some of his personal “not so great” experiences that, although may be painful, are, nonetheless, an important part of every investors education. Introduction Greetings fellow old dogs! And, just a point of reference here… sometimes when I refer to you as…
Commercial real estate has many tools that can be used to maximize one’s return on investment (ROI). Among the many tools to choose from, leverage is one of the most effective ways to limit (or omit) the amount of personal money you put in a deal, and see the highest return possible. In order to understand leverage in commercial real estate, you must completely understand what it is, and the main factors…