If you have recently purchased some real estate for investment purposes, you are in good company. Recent reports suggest that as many as 25% of these purchases are made by those who plan on using the property for investment purposes only. If you hope to “flip” the property there are 4 things you must be aware of that can put a crimp on your profits. Property Taxes Keep the property for a…
SHOW NOTES FOR EPISODE 183: ENGINEERING A MULTIFAMILY STRATEGY THAT REALLY WORKS! Buying his first real estate investment in Israel and, after reading Rich Dad Poor Dad by Robert Kiyosaki, Joseph Gozlan jumped into real estate investing with an unyielding determination and commitment. An engineer by trade, Joseph began testing and refining his real estate investing methodologies to develop a system that would work well for the long run. In this episode, Joseph shares the challenges…
SHOW NOTES FOR EPISODE 182: PROS AND CONS OF BEING A FULL-TIME REAL ESTATE INVESTOR Making the decision to become a full-time real estate investor requires a lot of research and education, including an assessment of the advantages and disadvantages of full-time investing. In this podcast, Bill will discuss some of the pros and cons to give you a bigger picture of what it is like to dedicate your time, effort, and money to this kind…
How do you find cheap homes? There are too many ways to list here, but there are five basic principles to learn. Understand these, and you can save thousands of dollars on your next home. 1. Cheap Homes Are In Cheap Towns Yes, there are still beautiful towns in this country where you can see a good movie, put the kids in a good school, go shopping, enjoy nearby natural beauty, and…
SHOW NOTES FOR EPISODE 181: LIVIN’ IN THE CASH FLOW ZONE He went from house flipper to buy ‘n holder investor to cash flow expert! In this episode, Tyler Sheff, successful real estate investor and host of the Cash Flow Guys Podcast, shares his real estate investing journey dealing with massive tax bills he couldn’t pay, to getting a W2 job to pay his tax bills and, finally, to mastering the “slow and steady” cash…
SHOW NOTES FOR EPISODE 180: STRATEGIC TIPS FOR HIGH OCCUPANCY RATES The occupancy rate for a rental property is like the fuel for an automobile. No matter how good a rental property is, it becomes irrelevant if it’s not occupied by good tenants. But what if you own a rental property that is not attracting enough tenants, and therefore not generating enough profits. In today’s episode, Bill shares a few “insider tips” that real estate investors can use to…
So you’ve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt, grinning ear-to-ear, waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now). And now, you are thinking, “Wow, this looks like a great deal, I better get it fast before the special offer expires.” You notice how there’s always a special offer! Anyway,…
SHOW NOTES FOR EPISODE 179: POLICE LIEUTENANT’S FIRST RENTAL PROPERTY PURCHASE IS AN APARTMENT BUILDING When Lieutenant David Sweeney of the Seattle Police Depart became eligible for early retirement at age 53, he realized that, with three young children, college, weddings and still more major expenses ahead, that his pension was inadequate to carry him through his retirement years. In this episode, David shares how real estate investing, and specifically multifamily investing, was exactly what he needed to…
SHOW NOTES FOR EPISODE 178: TOP US EMERGING REAL ESTATE MARKETS FOR 2018 Wise real estate investors we are always on the lookout for great new “emerging markets” where all market factors point toward strong appreciation and growing rental demand. Buying rental properties in the earliest stages of the market cycle result in quicker, high-yielding returns over time. In this episode, Bill shares little-known information about some new primary and secondary markets that have all the…
As far as home improvements go, landscaping is a solid investment – in fact, a well designed outdoor project can offer a better return than most of those inside the house. Good landscaping can add between 7 and 15 percent value to your property and has a recovery value of 100 to 200 percent, so shell out now and get it back when you sell. Many investors will tell you that a well-designed landscape…