There are many questions that should be asked before embarking upon a career of real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a profit you must be at times ruthless when dealing with buyers and sellers but ethical to a…
SHOW NOTES FOR EPISODE 321: THE BENEFITS OF BEING A “LIENLORD” If you want to invest in real estate but don’t want the hassle of tenants, toilets and trash, there are more passive real estate investments that still have a great return-on-investment. In today’s podcast, lien and deed investor Bob Fraser shares how he loves investing in real estate as a “Lienlord” not a Landlord – getting good returns without the typical headaches associated…
SHOW NOTES FOR EPISODE 320: KEY METRICS FOR QUICK PROPERTY EVALUATIONS If you are serious about real estate investing, you need to find the right properties in the right markets, even if it means looking at 50 or 100 deals before you find a good one. In today’s podcast, Bill shares his favorite analysis metrics to help you sort through properties to find that “diamond in the rough.” To know if a property is a good deal or…
While many articles and books have been written to help you once you’re in debt, very few have been written about how to avoid getting into debt in the first place. Many people choose to go to credit counseling only after they’re on the brink of filing for bankruptcy. If you want to be successful financially, you have to first learn how to do things before the fact, not after it. In…
SHOW NOTES FOR EPISODE 319: STARTED INVESTING AT 50 – STILL FINANCIALLY INDEPENDENT AT 72 He was nearly broke at age 50. With a new marriage and not much promise for his future, Rennie Gabriel remembered what his mother told him at 8 years old, “Buy apartments and let your tenants pay off the apartments for you.” In today’s podcast episode, Rennie Gabriel shares his story of how real estate investing took him…
SHOW NOTES FOR EPISODE 318: HOW TO FIND AND ACQUIRE OFF-MARKET PROPERTIES In today’s competitive market, finding good properties that meet your investment criteria is not easy. Real estate investors have to be creative and aggressive to locate those “diamond in the rough” properties that will both provide a great return and are positioned for equity growth. In this podcast episode, Bill shares creative insider strategies on how to find and acquire great off-market…
Why offer seller financing? Let me give you an example. Many years ago a certain real estate investor bought a rental property and then realized he no longer wanted to be a landlord. So, nine months later, he sold it for 15% more than he paid for it, without fixing or improving a thing. The easy terms are what sold it. He took only $1,000 down from the buyer and, years later, still receives…
SHOW NOTES FOR EPISODE 317: USING DIRECT MAIL TO FIND GREAT OFF-MARKET PROPERTIES Finding off-market properties in today’s sellers market can be a tremendous challenge for real estate investors. In this podcast episode, marketing expert and CEO of PostcardMania Joy Gendusa shares some creative ideas and case studies from investors who are finding great off-market deals utilizing direct mail postcard campaigns. What You Will Learn How to find off-market deals through postcard direct mail marketing…
SHOW NOTES FOR EPISODE 316: HOW TO FIND HOT NEW MARKETS In today’s sellers market, finding good deals has become more and more difficult for real estate investors. Nonetheless, smart investors are still finding new markets that not only have great deals but are poised for long-term growth. In this podcast episode, Bill shares some of the strategies savvy investors are using to find those great markets for both short and long-term gains. When looking for hot new markets, where does…
Many real estate investors become frustrated with the tenants and the toilets. And when you look at the way they manage, it’s no surprise. The most important part of investing in rental real estate is to have a good property management system. In any successful management system there are the five P’s. They are Property, People, Paperwork, Policies and Procedures. Lets look at each of these P’s individually. The Property must be…