Many people see investing in real estate as a way to generate cash flow, build-up a nest egg and have tenants pay your mortgage for you. That is true but, like with anything, there are pros and cons and some mistakes to avoid if you want to succeed as an investor in real estate. 1. Be Pre-Qualified Always visit a with a mortgage broker or with your bank to get pre-qualified before you start…
SHOW NOTES FOR EPISODE 141: BECOMING A LIFEONAIRE WITH STEVE COOK Overview Will becoming a millionaire really set you free? Americans work harder than ever before to pursue freedom, based on the delusion that more money and success will lead to a better life. The typical American trades the vast majority of their time and energy for the hope that, someday, they will be free. Meanwhile, their intense pursuit of financial success is…
SHOW NOTES FOR EPISODE 140: 10 REASONS WHY I STARTED INVESTING IN REAL ESTATE IN MY SIXTIES Are you approaching retirement concerned that you might not have the funds you need? Or, are you already retired and wondering if your retirement nest egg will meet your future needs and provide the lifestyle you desire? In this episode, top old dawg Bill Manassero shares the challenge he faced with those same questions and how he found a…
As wonderful and constant as commercial real estate is, there are some major pitfalls that can completely ruin the interest, investment and return on a property. Besides inaccurate assessments and risks that are beyond your comfort zone, the only real reason these pitfalls occur is because of the lack of due diligence that you perform. By not investigating deeply enough, not overturning every rock, and rushing into what seems like an awesome…
SHOW NOTES FOR EPISODE 139: MULTIFAMILY PROPERTY BROTHERS CREATE LIFETIME CASHFLOW THROUGH PASSIVE INCOME What do you get when you put together an over-worked emergency room physician with an amusement park and resort company executive? Answer: All the right components to establish a booming real estate enterprise that has only begun to take the country by storm. In this podcast episode, Tom and Tim Black, two multifamily property brothers, share how they were…
SHOW NOTES FOR EPISODE 138: HOW TO PURCHASE A RENTAL PROPERTY FOR ONLY 3.5% DOWN We have all heard the old adage “It takes money to make money.” And, for the most part, that’s true. But it doesn’t necessarily mean you need to spend “a lot of money” to get started in real estate investing. In this episode, Bill shares a little secret that can allow you to purchase your rental property for…
Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the “right” people? Let’s answer by first looking at some of the common myths of real estate. investing 1. Real estate investing is only for the wealthy. Money helps, but one person’s first real estate investment was a $3,500 lot – which he sold for a profit two weeks after he bought it. Small…
SHOW NOTES FOR EPISODE 137: BUILDING A VIRTUAL REAL ESTATE BUSINESS Can you grow a successful real estate business without even seeing the properties you buy? According to Brian Ellwood, yes, you can, IF you have the right team in place. In this podcast, Brian Ellwood, author of Fire Yourself, shares the secrets of how he went from part-time bird dogger to owner of a multi-million dollar virtual real estate enterprise. What You…
SHOW NOTES FOR EPISODE 136: 5 REASONS REAL ESTATE IS THE BEST RETIREMENT CASH FLOW INVESTMENT People often associate the word ‘investing’ with terms like stocks, bonds, annuities, etc. Hardly, does the thought of owning a rental property ever come across their minds. However, when compared with other types of investments, investing in real estate, especially in your own income-producing rental properties, is a far better option in several ways. In this episode,…
Opting for cash out refinancing is one method that I would recommend to someone that is serious about building out their real estate investment and property portfolio. You are able to take out a new mortgage with a principal that is larger than your current mortgage and utilize those funds to purchase new investment properties. Many a person has been able to do this, get a lower interest rate and have the…