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SHOW NOTES FOR EPISODE 130: 9 STEPS TO BUYING YOUR FIRST RENTAL PROPERTY Buying a rental property is largely similar to buying a residential property.  However, some important differences do exist.  In this episode, Bill explains the main steps you need to follow once you have made the decision to buy an investment property. First, a Quick Update on my AirBNB Conversion in Indy Spent 5 days in Indiana (Aug 15-20) Primary reason: to set-up one…

The internal rate of return (IRR) is one of the more preferred rates of return used by real estate investors trying to measure a rental property’s financial performance.  This is because it calculates the time value of the money.  It is defined as a discount rate at which the net present value of a set of cash flows equals zero. Here’s the idea.  IRR is the rate of return an investor can…

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SHOW NOTES FOR EPISODE 129: FINDING AND KEEPING GREAT TENANTS One of the greatest challenges to maintaining profitable rental properties is finding and keeping good tenants.  In this episode, Steve White, founder and CEO of RentPrep, a leading nationwide screening and background check company, shares practical tips on how to strategically find great tenants who will renew their lease year-after-year. What You Will Learn What is the NUMBER ONE mistake landlords make that hurts finding and keeping…

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SHOW NOTES FOR EPISODE 128: WHERE CAN YOU BUY A HOUSE FOR $1,000? A few quick updates: I’m back in Indy this week, living at my apartment for 5 days Converting 2 units to AirBNB rentals We’re hoping to offset the transient cash flow inherent in studio or efficiency units with increase ROI in the AirBNB units Introduction Real estate investing is amazing because there are many possibilities.  Not only are there multiple…

One of the most elusive and desirable real estate opportunities is the “off-market property”.  This is a property where there is generally a motivated seller, but the property has not been broadcast on the MLS (Multiple Listing Service) or Loopnet.com and does not appear on any of the national or local real estate sites that “re-broadcast” the MLS and commercial properties. Savvy investors and specialty real estate companies covet a property where…

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SHOW NOTES FOR EPISODE 127: BUYING HUD HOMES AT HALF OFF Buying properties below market rates has a host of advantages, not withstanding, the creation of instant equity upon purchase.  In this episode, veteran real estate investor and author Larry Goins shares “insider secrets” on how to purchase HUD homes, sometimes as low as 50% below market.  Utilizing tried and tested techniques and systems developed over the last 30 plus years, Larry has created a successful real estate enterprise that…

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SHOW NOTES FOR EPISODE 126: TOP 15 FASTEST GROWING SUB-MARKETS Multifamily housing is growing more and more competitive. Finding and securing a deal in the right market at the right time is not easy.  That’s why smart investors are seeking out great properties in secondary and tertiary markets.  In this episode, Bill shares the top 15 U.S. sub-markets experiencing the highest population growth. I’ve always said, if you CAN invest in your local market, you should.  It’s…

Being a successful real estate investor requires a steady and consistent flow of good deals, the ability to act fast and knowing how to leverage each deal for maximum profitability.  This requires a certain set of skills that allow you to quickly locate, assess and move on the right deals at a moments notice. This article outlines five essential skills every successful real estate investor must possess and develop. Determining Value You must learn how to…

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SHOW NOTES FOR EPISODE 124: WHAT’S YOUR “ONE THING?” WITH JAY PAPASAN Achieving extraordinary things is just a matter of staying pinpoint focused on that “one thing” you are seeking to achieve!  In today’s episode, Jay Papasan, successful entrepreneur, real estate investor and author of the book entitled The One Thing, shares how simplifying and focusing our efforts can quickly yield tremendous results. What You Will Learn What is your “One Thing” and…

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SHOW NOTES FOR EPISODE 124: ASK BILL!  ANSWERS TO LISTENERS’ QUESTIONS The Old Dawg’s REI Network receives many questions from podcast listeners via email, through our website at olddawgsreinetwok.com, through other outside websites (like Quora, etc.), by phone and in person.  In this episode, we are introducing a new monthly Fun Facts Friday feature called “Ask Bill” where Bill will answer, on-the-air, some of the top questions received during the month. Introduction Hey…