By Dan Hall House hunting can be tricky during a pandemic. It can be risky to visit a home in person, and tough to know how to complete all the necessary steps involved in buying a house, such as conducting a thorough home inspection. Before you jump into looking at houses, follow some of these tips for knowing what virtual tools are available to help you. Virtual home tours While it’s not…
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SHOW NOTES FOR EPISODE 447: HOW TO FLIP A HOUSE IN 7 DAYS Building a real estate business that generates enough money to replace your W2 income is not an easy task – unless you’re an over-achieving house flipper named Tyler Jensen. In today’s podcast, entrepreneur, philanthropist and flipper extraordinaire Tyler Jensen shares how he went from milking cows to corporate executive to full-time power house flipper who has the distinction of being the first fix ‘n flipper to…
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SHOW NOTES FOR EPISODE 446: CAN YOU REALLY GET A MORTGAGE RATE BELOW 2%? Interest rates are at an all time low and this means wonderful things for real estate investors. But how low can they go and what is the true cost of those super-low rates? In this podcast, Bill explores ultra low interest rates and whether they are worth the cost or hassle. He also shares where you can find great rates without having…
There are two legal ways to increase your wealth: Keep more of what you have (e.g., tax strategies, rehab efficiencies, expense reductions, cost savings) Add value to something (e.g., a real estate investment, stocks, bonds) Let’s focus on those hacks that will specifically add value to your real estate investments. The most obvious is certainly those things that will bring your property back up to standards. We have to do the obvious things such as:…
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SHOW NOTES FOR EPISODE 445: WORDS OF ENCOURAGEMENT IN TROUBLING TIMES It’s not a matter of if but when the next recession will hit. Some will survive. Others will thrive. In today’s podcast, entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist Rod Khleif shares how he lost $50 million in the Great Recession and rebounded and how he is preparing for the next big one. What You Will Learn How not to lose…
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SHOW NOTES FOR EPISODE 444: MY WEEK IN INDY – THE GOOD, THE BAD AND THE UGLY! Passive investing can be fun but some C properties can yield a level of fun that might shock even the most veteran real estate investor. In this no-holds-barred podcast episode, Bill shares the unexpected good, bad and ugly adventures he experienced in a long-overdue week-long visit to his 22-unit apartments in Indianapolis. Tip of the Week…
If you really want the best deals in investment properties, you have to increase your odds by digging deep and finding more deals. Who is more likely to get a cheap apartment building deal, an investor that looks through loopnet.com and calls it a day, or the person who has a multi-pronged approach that can generate leads ten different ways? Here are the ten ways you may not have considered: 1. Talk Real Estate…
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SHOW NOTES FOR EPISODE 443: 82 UNITS IN 3 YEARS WHILE WORKING FULL-TIME In just three years, Jens Nielsen was able to amass a diverse real estate portfolio comprised of 82 rental units, 2000 mobile home park units, 14 syndications, 6,000 storage units, mortgage note funds and private money lending – all while working full-time. In today’s podcast, Jens shares how he did it and what makes it work. What You Will Learn Why…
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SHOW NOTES FOR EPISODE 442: 8 WAYS TO PAY-OFF YOUR MORTGAGE EARLY As you build your rental property portfolio, getting low interest mortgage rates is critical for leverage, cash flow and tax savings. However, as your portfolio reaches its desirable size, you need to start thinking about paying off your mortgages for increased cash flow and to pass down a debt-free asset. In today’s podcast, bill shares eight plus ways you can accelerate your mortgage pay-off and save…
By Ashley Smith Being a landlord presents many challenges, which require interaction and empathy with tenants, whilst also keeping an element of self-interest in mind too. Owning a property is a financial burden on you and the return you take from it is crucial for your own quality of life. However, that must be offset with consideration around the tenant in your property, whose life you essentially cradle in your hands. There…