Rental property financing can be a bit overwhelming for most real estate investors. It is especially challenging for newbie investors. Yet, there are a few tips that you can follow in order to find the right financing for your investment property. Here are some possible rental property financing options. Consider applying for a loan This funding strategy is the most common in real estate investing. It’s not only for newbie investors but…
SHOW NOTES FOR EPISODE 175: STARTING BIG WITH MULTIFAMILY When Mark Kenney left his successful tech firm to become a full-time real estate investor he wasn’t sure what to expect. Little did he know, it would be one of the best decisions of his life. Today, he has acquired over 2,600 units valued at over $140 million. In this podcast episode, Mark shares how his move to become a full-time real estate investor…
SHOW NOTES FOR EPISODE 174: HOW TO GET A REAL ESTATE INVESTING EDUCATION FOR FREE Expanding your knowledge should be a regular goal of every businessperson. If you want your business to grow, be successful and be profitable, it is important to continually educate yourself. In this episode, Bill shares the importance of real estate investing education and where you can find it for free. If you’ve listened to this show regularly, you know the…
If you want to buy your first rental property, but aren’t sure if your budget can handle soaring real estate prices, we’ve got good news. There are things you can do to stretch your buying power. With the help of a good real estate agent – and these 10 tips – you can become a savvy real estate investor without breaking your budget. 1. Get pre-approved for your home loan. This means,…
SHOW NOTES FOR EPISODE 173: GROWING A SUCCESSFUL REAL ESTATE BUSINESS THROUGH RELATIONSHIPS Some people say real estate is all about “location, location, location” but, according to successful real estate investor Melodee Lucido, it’s not the location that’s key but, more importantly, it’s all about relationships. In this episode, Melodee shares her key to success through developing, growing and nurturing strong, lifetime relationships. What You Will Learn Two key things Melodee does to help people…
SHOW NOTES FOR EPISODE 172: 17 TRAGIC REAL ESTATE INVESTING MISTAKES While real estate investing is an amazing way to build wealth and passive income, it is also a perfect way for inexperienced investors to lose money quickly. In this podcast episode, Bill will point out some real estate investor common mistakes so that you can avoid or fix them right away. The purpose of this post is to point out common mistakes so that…
Ages ago, people lived in elaborate and magnificent castles that were often protected by moats. A moat is a wide, deep ditch dug around a castle to prevent enemies from overtaking the castle. By surrounding the castle with water, moats served as an effective deterrent and provided the castle with the security it needed to prosper. Today, many of us live in our own plain and simple financial castles that are much…
SHOW NOTES FOR EPISODE 171: INVESTING IN DETROIT It used to be that when someone would say they invested in Detroit real estate, the follow-up question would be, “Well, I have some Florida swamp land you might be interested in.” Not anymore! Like Florida real estate, Detroit real estate is no longer a laughing matter. Forbes magazine calls Detroit the most undervalued real estate market in America. In this episode, lifelong Detroit resident,…
SHOW NOTES FOR EPISODE 170: WHERE ARE AMERICANS MOVING? TOP 5 INBOUND AND OUTBOUND STATES Successful real estate investors always have their eyes open for promising new markets. In this Fun Fact Friday podcast episode, Bill explores a study put out by a major U.S. moving company that tracked the numbers of moves into and out of all 50 U.S. states during 2017. He shares the data for the Top 5 Inbound and…
Mortgage quotes are a dime a dozen. So are mortgage companies, running the whole gamut from legitimate brokers to fly-by-night lenders. To make sure you get the best deal and ensure you do not fall prey to unscrupulous brokers, learn basic mortgage terms and concepts. Mortgaging 101 Mortgaging is a complex process. Its basic terms and concepts, however, are simple enough for anyone to understand. Brush up on this little stash of…