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…
SHOW NOTES FOR EPISODE 177: THE UNOFFICIAL GUIDE TO REAL ESTATE INVESTING WITH MARTIN STONE Growing up on welfare in Duluth, Minnesota made a lasting impression on young Marty Stone. It was that experience that motivated him to business success and financial independence. In this episode, Martin Stone, the author of the acclaimed real estate investing “reference bible,” The Unofficial Guide to Real Estate Investing, shares how he fulfilled his childhood dream,…
SHOW NOTES FOR EPISODE 176: ASK BILL! NEWBIE WITH LIMITED FUNDS, REAL ESTATE AGENT 1ST, RESERVES, AND INVESTING $500K Ask Bill! How do I get started in real estate investing if I have very little money to invest? Should I become a real estate agent first before I become a real estate investor? How much money do I need to keep in reserves personally and for each property as a real estate investor? How should…
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…