Be Free RE

Tony has a few different partnerships and businesses. He needs to be answering his phone almost at any minute. Is it really possible to have FI in a situation like this? --- Send in a voice message: https://anchor.fm/befreere/message

Is it really possible to become FI in 10 years without having a trust fund? What if you have debt? What if you don't know rich people to lend you money? John and Tony talk about a simple path to FI, what that "FI" means, and how it is available for anyone willing to make some sacrifices today for FI tomorrow. --- Send in a voice message: https://anchor.fm/befreere/message

Listing in to find out how Tony has built several businesses to take care of his financial needs, all centered around real-estate. How he found his partners How he left his job How he grew his project from partnership to organization How he thinks about growing things further and giving opportunity to employees --- Send in a voice message: https://anchor.fm/befreere/message

With only 3 duplexes under his belt, can John transition into more relaxed and enjoyable lifestyle? --- Send in a voice message: https://anchor.fm/befreere/message

Tune in to learn some tips on buying your second (or first!) deal. How did Tony get into his second real-estate deal? Why did he even buy a second deal? Learn how Tony only put 10% for an investor loan --- Send in a voice message: https://anchor.fm/befreere/message

How can you save money for your second real-estate deal? What kind of mindset is needed to get into your second deal? --- Send in a voice message: https://anchor.fm/befreere/message

A more quantitative look at Tony's first deal. --- Send in a voice message: https://anchor.fm/befreere/message

Learn how to think about your first deal by listening to Tony recount the W's and L's from his first purchase. --- Send in a voice message: https://anchor.fm/befreere/message

John and Tony talk about their first foray into real-estate as they progress towards FI --- Send in a voice message: https://anchor.fm/befreere/message

John and Tony talk about the motivations for FI and how real estate became part of our FI journey --- Send in a voice message: https://anchor.fm/befreere/message

John and Tony talk about the motivations for FI and how real estate became part of our FI journey --- Send in a voice message: https://anchor.fm/befreere/message

Right price? Wrong price? How to know if you need to drop price, set price, or make some improvements! --- Send in a voice message: https://anchor.fm/befreere/message

Listen to some quick advice from Tony and John about how they think about the first deal "scaries" --- Send in a voice message: https://anchor.fm/befreere/message

How do I improve expenses? How do I improve rents? How do I get a better re-appraisal? TUNE IN --- Send in a voice message: https://anchor.fm/befreere/message

The 10 things that Tony sees people forgetting to think about... --- Send in a voice message: https://anchor.fm/befreere/message

An ounce of prevention is worth a pound of cure as they say. It's hard to get rid of a bad tenant and even harder when Uncle Sam won't let you! --- Send in a voice message: https://anchor.fm/befreere/message

Its renewal season everybody! Tune in for some of Tony's tips for easy renewals --- Send in a voice message: https://anchor.fm/befreere/message

Florida-man tenant asks: Is it OK if I do some drywall myself? Notes and quotes from this episode Are you approaching the situation from a place of hardship or strength? Doing a BRRRR takes time. Flipping can get you income ASAP. Rentals and BRRRR are a get rich slowly strategy. Do your twice-annual walkthroughs! Otherwise your tenants might start breeding lizards and fruit flies to feed them. Whitemaintenance paint - $32 for 5G https://www.lowes.com/pd/Property-Advantage-Flat-Maintenance-5G-I-E-White-Paint-Actual-Net-Contents-640-fl-oz/50404192 --- Send in a voice message: https://anchor.fm/befreere/message

My Tenant beat my lawyer in court! - A (now) funny saga about the world's most impressive, terrible tenant. There is a famous quote from Warren Buffet about wanting to hire people that are 3 things. Smart Hard Working Ethical Today's episode is about what happens when one of your tenants is only Smart and Hardworking. -- As always please call us with your questions at 412-212-8366. We'll answer them live on the podcast! --- Send in a voice message: https://anchor.fm/befreere/message

In this week's episode Tony talks John through some of his tenant issues and helps him find ways to easily solve problems... sometimes anyways. --- Send in a voice message: https://anchor.fm/befreere/message

Tony and John reflect on lesson they know now and wish they had known when getting started in RE --- Send in a voice message: https://anchor.fm/befreere/message

Two different perspectives on how real estate can accelerate and/or provide you a path to financial independence. --- Send in a voice message: https://anchor.fm/befreere/message

All cash offers? No contingencies? 2008 again? Tony and John talk about the current market --- Send in a voice message: https://anchor.fm/befreere/message

Am I being ripped off by my contractor? Why does it cost $40/hour? Learn the breakdown on how contractors make money. --- Send in a voice message: https://anchor.fm/befreere/message

John bought a house for ~140k and managed to mess it up. What an idiot. Listen in to learn how not to make these mistakes AND more importantly how to recover if you do! --- Send in a voice message: https://anchor.fm/befreere/message

How can I avoid overpaying for a good property manager? What even makes a good property manager? --- Send in a voice message: https://anchor.fm/befreere/message

How much is you realtor really making? What is normal? What is fair? How can you work with your agent so that you become their favorite client? Find out in today's episode. --- Send in a voice message: https://anchor.fm/befreere/message

This is the last part of our multi-part series walking Hernandez from being rent robbed each month to generating WEALTH using real estate. Today we talk about expenses side of the game. Listen in to answers on the following: How to figure out what the utility bills will be on your house? How can I plan for big expenses like a new roof? New furnace? New bathroom? What's a good budget % for basic repair? What's a good % for vacancy rates? If the main thing is to keep the main thing the main thing, what is the main thing? --- Send in a voice message: https://anchor.fm/befreere/message

In another chapter of our multi-part series with Hernandez, Tony answers the questions and concerns that are keeping Hernandez out of purchasing his first home. Listen in for answers to questions like... HOME INSPECTIONS Can I trust a home inspector? What will a home inspector actually find and help protect me from? How do I vet a home inspector? Do I need to go to the house when the home inspector is there? CLOSING COSTS How can I figure out what all the costs of buying a house are? Can I trust a home appraiser? Will they give me a good appraisal? REALTOR I have a realtor I don't like. What do I do next? How do I search the web for a good realtor? NEIGHBORHOOD QUALITY How I do I find out if a neighborhood is safe? How can I tell if neighbors are taking care of their house? --- Send in a voice message: https://anchor.fm/befreere/message

We are talking about https://www.zillow.com/homedetails/12230-Freeman-Ave-Hawthorne-CA-90250/20350703_zpid/ if you are on a computer! Listen into this week's episode to find out... How to think about a deal and determine if it might be a good fit? How can you figure out what market is rent for a neighborhood/property? How can I think about appreciation potential for a property? How to find a good realtor that will help you get your deal? Do I need to buy land? Are condo's and apartments OK? --- Send in a voice message: https://anchor.fm/befreere/message

We continue our conversation with Hernandez about moving closer on buying his first house hack. Listen in for answers to questions like... I want to start shopping for a house? How do I get a bank to give me the money? How long does my bank approval last? What do I do if it expires?! Won't shopping for a mortgage hurt my credit score? How much should I get pre-approved for? What if I am pre-approved for $500k but make an offer for $300k? Won't the seller counter with a higher price once they see I am pre-approved? How do I get a loan to fix up the house I am buying? Should I do a 15yr mortgage or a 30yr? Should I borrow money from my 401k? What is the accomplishment of the month. --- Send in a voice message: https://anchor.fm/befreere/message

This week's episode is one of a multi-part series with Hernandez who is trying to figure out how to make his next house choice be one that helps him achieve financial freedom. Stay tuned for answers to ... How can I house hack in a high cost of living (HCOL) area? What is one great strategy to build wealth in a HCOL area? How can you be an AirBnb host legally when AirBnb might not be allowed in your neighborhood? --- Send in a voice message: https://anchor.fm/befreere/message

Sage advice from Tonio Angotti on our new segment FIX IT or FORGET IT and some good guidance on REIA meetings from Tony, who runs a REIA! --- Send in a voice message: https://anchor.fm/befreere/message

Are you being efficient in your offer process? Learn how to be with some advice from Obi-wan Angotti Let us know if you like the new Stay or Go segments or if you miss Florida tenant. --- Send in a voice message: https://anchor.fm/befreere/message

Listen in for a breakdown of what a triple net lease is When you would be looking for a triple net and why Some detail on a 1031 tax exchange --- Send in a voice message: https://anchor.fm/befreere/message

Audio issues are fixed! Thanks listeneres Florida tenant asks - I fell asleep on the toilet, can you call the fire department? When managing your out of state rehabs -- relationships with agents and having someone you trust that can do your walkthroughs is a must! --- Send in a voice message: https://anchor.fm/befreere/message

Tony asks good questions you should use for your own deal --- Send in a voice message: https://anchor.fm/befreere/message

Should you tell a prospective tenant about what you found that led to their rejection? --- Send in a voice message: https://anchor.fm/befreere/message

included in this episode: Groundbreaking life lessons from BE FREE RE to change your life REMINDER: it is not your job to solve all your tenant's problems Florida tenant asks, what packing services are included in this lease package? --- Send in a voice message: https://anchor.fm/befreere/message

This episode is brought to you by supportive spouses. You can be one or find one, or both. Supportive spouses. Florida tenant asks, bugs or trash. I choose both. Hear TONY and only TONY answer your question about what to do if a tenant tries to move out, right after they move in. --- Send in a voice message: https://anchor.fm/befreere/message

Florida tenant asks if you have any deals to save money on chicken overpopulation What can I do about emotional support animals? --- Send in a voice message: https://anchor.fm/befreere/message

Florida Tenants says "Oh yeah I forgot to say I moved out. But don't worry I left my cat to keep watch over the place" In this week's episode, Tony has some ideas for how you can advertise and make better use of your office space during these strange COVID times. --- Send in a voice message: https://anchor.fm/befreere/message

Florida tenant asks, can I hang in with my wife while you fix things? Rates are low and prices are high. Is it really even possible to find one of those "good dealz" (Tony term) to get started in real estate? Can I get a crazy good one like I hear about online? --- Send in a voice message: https://anchor.fm/befreere/message

Florida Tenant Says: Don't worry if the heater is out. I have this toaster and my magazines to keep me warm. This weeks caller Wale from NY asks: how do I restore my rental property to be marketable after a fire For next time: require your tenants to have rental insurance! In your lease, you should have a provision for damage due to fire being the tenant's responsibility There are disaster restoration specialist companies that can help, but they are expensive. ServPro is an example of one (we are NOT sponsored/recommending them though) Once the structural issues are fixed, switched out for a regular contractor. Congrats on your no longer rent-controlled apartment! This week's episode is brought to you by DVD players. Available on eBay for like super cheap! Pick one up for your mountain cabin that doesn't have cable or internet today! https://www.google.com/search?q=google+ebay+dvd+player --- Send in a voice message: https://anchor.fm/befreere/message

Florida Tenant says: If I ask you come into my house in the middle of the night for no good reason, expect the unexpected! Today's caller is Guisseppe who asks about his current portfolio that is "small" and at 67% LTV. What is the best way to get to get it from 10 to 100? Tony says: larger unit count deals are a fast way to grow your portfolio. Tony thinks you need more equity to consider a refinance (he likes 50%). At most you'll get 80% LTV. Partnerships/private debt. The best debt you'll find is through your network. You have 10 units done. So you have enough of a track record to offer people an opportunity for 8% on their money. --- Send in a voice message: https://anchor.fm/befreere/message

Florida tenant asks: Can you come over to kill the spider in my rental? Quotes and notes from this episode: Being over accommodating is NOT the trend you want to set as a landlord. Even if your tenant is in jail, you need to serve them 24-hour notice before entering the property. When closing a property, prioritize the tasks for the government (for example, die tests) so they don't delay your closing! Keep contact info for both prospective tenants that you like but couldn't place in a unit for whatever reason and good tenants that have moved out. Remember to market to them when you have vacancies. --- Send in a voice message: https://anchor.fm/befreere/message

Edwin writes in about a foreclosure that has plumbing and pest issues. Tony shares some advice, both for laughs and for real. In other news: The mortgage refinance fee mentioned is on HOLD! Be sure to ask your mortgage broker if they will pay for some all or some of it! The national stay on evictions is NOT yet passed as of this writing. If you find a good deal, close it! A bird in the hand is better than 2 in the bush. We introduce a new segment called Florida tenant, inspired by stories about crazy people in Florida. Florida tenant says: The dishwasher is leaking water onto the floor, so I've only been running it once a day. --- Send in a voice message: https://anchor.fm/befreere/message

This week we break from the normal format to walk through a deal of Tony's that will be published in the upcoming BiggerPockets book. When does doing the work yourself not make sense? Viewing a property for what it is today vs having a vision for what it could be How good is this deal? BONUS TRICK: How to save money on multifamily ceilings. --- Send in a voice message: https://anchor.fm/befreere/message

I know when I was first getting started, there was a lot of mixed advice on LLCs and how to best protect yourself. ANNOYING CYA DISCLOSURE: WE ARE NOT REAL ESTATE ATTORNEYS AND ALL COMMENTARY IS OPINION AND NOT ADVICE In this week's episode, we field questions related to how to structure your RE deals. A quick download on how we feel about LLCs If you are doing commercial real-estate, it probably makes sense to use one. If you are doing a house-hack, it probably makes sense to skip the LLC and use an umbrella policy instead If you are in the middle, ... well you gotta listen to the details! Also Tony called a guy renting his place out and got his first deal (that way). As always please send in your questions to ‪(412) 212-8366‬ https://www.instagram.com/befreere/ --- Send in a voice message: https://anchor.fm/befreere/message

In this weeks' episode... Are considering a commercial loan? Wondering about buying a bigger deal? Chris is thinking about buying 3 APTs with a storefront underneath and is wondering what he should know beforehand. Where is the best place to market rentals? Zillow is planning to charge monthly/weekly for rentals. Taylor wants to know what he can do. We have a bunch of options for you to use and get good quality tenants from. --- Send in a voice message: https://anchor.fm/befreere/message

House Hacking by the Room? Let's talk about it. You can make more money by renting out by the room, but with everything real estate ... there is risk and reward. Some advice from both John and Tony who have been in the trenches of house hacks both as landlords and tenants. --- Send in a voice message: https://anchor.fm/befreere/message