You can purchase property for cash, of course, and if you have it, this can be the best way to get a great price. What if you don’t have the cash? Here are some of you other options. Partner To Purchase Property Join a local real estate investing group in your town. Then start taking notes, names, and numbers. There are multiple groups here in Southern California that meet monthly. Some groups have a part…
SHOW NOTES FOR EPISODE 357: CRITICAL DUE DILIGENCE: CONDUCTING EFFECTIVE PROPERTY INSPECTIONS You’ve found your dream property, negotiated a great price and found the perfect mortgage loan! Now you need to complete one of your most critical due diligence steps – the property inspection! In today’s podcast episode, expert home inspector Scott Spaulding takes us into the crawl spaces of your new property purchase as he shares insider secrets to insure you made the right…
SHOW NOTES FOR EPISODE 356: ASK BILL! GETTING STARTED IN REI, CASH FLOW NOW, CHEAP MULTIS, REI CPAS AND FLIPPING This is our regular Fun Fact Friday “Ask Bill!” episode, where Bill answers specific real estate investing questions received during the month from e-mails, in-person conversations, phone calls or through online portals such as BiggerPockets.com and Quora.com. In today’s episode, Bill answers questions on How to Get Started in Real Estate Investing, REI for Cash…
Making money in real estate is an endless topic that includes all the various types of real estate investments. There is land, apartment buildings, homes, commercial buildings and more. Whatever the type however, you’ll make your profits in some of the basic ways listed below. Use this list to get yourself thinking of the possibilities. 1. Appreciation Making money in real estate can be as simple as holding on and waiting. To…
SHOW NOTES FOR EPISODE 355: HOW TO MAKE BIG MONEY ON AIRBNB WITHOUT OWNING A SINGLE PROPERTY Brian Page became a millionaire in his 20’s as a residential real estate investor, only to lose it all in the historic crash of 2008. Starting over with no credit or ability to buy property, Brian discovered a way to use other people’s properties to generate significant income. He went on to make six figures in…
SHOW NOTES FOR EPISODE 354: THE COMING RECESSION AND THE HOUSING MARKET This month, the United States set a record for the longest economic expansion, but this is forecasted to end in 2020. According to a panel of more than 100 housing experts and economists, the next recession is expected to hit in 2020. A few even said it may begin later in 2019, while another substantial portion predict that a recession will…
Normally, when you put your property up for sale, you have to present a document, called a warranty deed, which states that you are the legal owner of the property and that the title you have on hand is the original copy. But what if you don’t have the title of the property yet you have the legal rights to it? What document can you, then, present to prospective buyers? For situations…
SHOW NOTES FOR EPISODE 353: AFFORDABLE REAL ESTATE INVESTING Lisa Phillips had everything going for her. Great new engineering job. Her first home. Everything was going great, that is, until the recession hit. Then, almost over night, she lost her job and her new home. Fast forward 10 years. Using her engineering skills and a first-hand knowledge of low income neighborhoods, she has mastered the art of real estate investing in homes averaging $35-50,000 per house. …
SHOW NOTES FOR EPISODE 352: WHY REAL ESTATE IS THE BEST RETIREMENT INVESTMENT Many seniors, as they approach or enter retirement, have found that their retirement savings may be inadequate for the long haul, let alone be able to cover unexpected expenses, medical emergencies or assisted living costs. Their 401(k) or IRA aren’t earning what they thought it would, and even though they qualify for Social Security, they realize it might not be around nor be enough…
When home buyers go shopping for a mortgage, 90% of them opt for a 30-year term for one simple reason: It’s the most affordable home loan on the market. That is especially true of first-time homeowners, who want the safety and security of a monthly payment they can easily handle. If you put 20% down on a $150,000 home, your monthly payment for a 30-year mortgage (at 4.75% interest) is only $626 a month,…