By David Dixon One of the best ways to diversify your investments is to get into the rental property market. When you invest in a vacation home, there are many amazing possibilities to grow your wealth long term. Before making this decision, however, be sure you’ve answered these critical questions, as well as explored the many pros and cons outlined by Redfin, so you can be confident that your investment will pay…
SHOW NOTES FOR EPISODE 361: HOW A GIRL FROM THE PROJECTS BECAME A MILLIONAIRE REAL ESTATE MOM She grew up in a tough part of town, the oldest of six kids, being raised by a hard-working single mom. All she knew was that she would work hard at school and every job she ever got so that she would never end up in the same situation as her mom. In today’s podcast, financial…
SHOW NOTES FOR EPISODE 360: HOUSE MOMS 2.0 One of the biggest challenges of managing small apartments is not having onsite property management. Bill Manassero found this a major challenge as a new multifamily owner. His solution: In August 2018, he brought in a “House Mom” – a quasi employee tenant who would act as the onsite property overseer. One year later and after he fired his first House Mom, he is now ready for the…
by Sharon Jayson Kaiser Health News AUSTIN, Texas — Dennis and Chris Cavner, in their early 70s, are preparing to move less than two blocks away into a 2,720-square-foot, ranch-style house they bought this year. But first a renovation is underway, taking the 45-year-old property all the way back to its studs. When the work is finished, these baby boomers are confident the move will land them in their forever home. “We wanted…
SHOW NOTES FOR EPISODE 359: FROM DREAMER TO DREAM CATCHER – BUILDING A REAL ESTATE BUSINESS TO CHANGE THE WORLD How going from corporate civil engineer to house flipper to creator of a modern affordable housing development in North Carolina helped Jerome Myers to see his dreams come true in amazing ways. In today’s episode, civil engineer, executive coach, real estate investor, business strategy consultant, and CEO Jerome Myers shares how he is using real estate investing…
SHOW NOTES FOR EPISODE 358: HOW TO BE A PRIVATE MONEY LENDER Private lending has picked up the pace in recent years despite the high-interest rates being charged by private lenders. There are many reasons that have attracted lenders into this space but the biggest is that individual investors can yield high returns, backed by strong collateral, especially real estate, making private lending one of the best investments out there. In today’s podcast, Bill will share how you can become a private lender…
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…