By Katie Conroy Renting out your second home as a vacation rental is a smart, lucrative way to help the property pay for itself. It’s likely that you don’t spend most of the year—maybe even less than half—in your vacation home, which means you have several months out of the year when this property is vacant. An empty house is a costly house; by renting it out while you aren’t there, you…
SHOW NOTES FOR EPISODE 399: MAKING TURN-KEY WORK Turn-key rental properties can be a disaster or a great way to get started and grow a rental property portfolio. Savvy investors need to know what to look for and what is required to make turn-key properties work for long term success. In today’s podcast, real estate investor, developer and turn-key provider Jame Wachob shares what he is doing in the Memphis market to make turn-key…
SHOW NOTES FOR EPISODE 398: THE VIRUS – WHAT CAN WE DO? While many people are fearful and feeling helpless in the shadow of the coronavirus pandemic, others have decided to combat the virus individually. In today’s podcast, Bill examines the impact of the virus on real estate investing as well as citing specific things you can do to combat the virus on your own and with others. How the Virus May Impact Real…
In commercial real estate, cap rate, or capitalization rate, is used to determine the values of income producing properties such as apartments of five units or more, office buildings, strip malls and other such properties. The cap rate can represent extremely different things to different people in respect to their interests in commercial real estate. Before we investigate why cap rate matters, and what it means to specific people, let’s look at…
NOTES FOR EPISODE 397: SELF-DIRECTED REAL ESTATE INVESTING Find out how you can generate great tax savings and deferrals by investing in real estate from within your own self-directed investment account. In today’s episode, real estate investor and founder of Sense Financial Services Dmitriy Fomenchenko shares insider investment strategies that yield great returns and tax advantages through self-directed real estate investing. What You Will Learn The true definition of self-directed investing What is…
NOTES FOR EPISODE 396: RENTAL PROPERTY FIXES TO BOOST RENT If you want your rental property to yield its full potential, you need to look at every possible way to cut expenses and increase income. In today’s podcast. Bill presents a number of simple property improvements you can implement to warrant a boost in your monthly rental amount. Rental Property Improvements to Boost Rent Many people think landlords have it easy: all you need to…
Property investors have now turned their attention towards the lucrative deals presented by the commercial properties. This sudden interest is the result of the option to diversify your property investment portfolio, along with a high income and tax breaks. However, it is advisable to conduct a research before taking the plunge. Commercial properties include hotels, malls, medical centers, retail stores, business and industrial property. These are operated for a profit from rental…
NOTES FOR EPISODE 395: NEW ASSET PROTECTION OPTIONS AND STRATEGIES One of the great joys of being a real estate investor is to see your portfolio and net worth grow exponentially over time. But as your assets grow, so does your risk of dealing with a law suit. It’s not so much a matter of if, but when that will happen. Without the proper asset protection in place, you could lose everything you worked…
SHOW NOTES FOR EPISODE 394: INVESTORS BIGGEST MISTAKES #2 – NOT BUDGETING FOR CAPITAL EXPENSES Real estate investors make lots of mistakes. But the ones that seem to hurt most are those that cost you big dollars. In this episode, Bill explores the second biggest real estate investor mistake: not budgeting adequately for capital and other key expenses. Owning a rental property can be a great way to bring in more income, but as…
If you are looking for good returns over time, and a lower risk investment strategy, then investment in real estate is a good path to follow. Worldwide real estate markets are following an upward trend, that are creating exceptional returns for investors which has led to more people getting involved in this sector, and pushing gains even higher. One of the reasons why investment in real estate is so attractive is the…