Podcasts about house hacking

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Best podcasts about house hacking

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Latest podcast episodes about house hacking

Investor Financing Podcast
Accessory Dwelling Unit (ADU) House Hacking Masterclass

Investor Financing Podcast

Play Episode Listen Later Jun 1, 2023 92:51


In this episode, Derek Sherrell, who has a background in construction and real estate investing, shares his experience with building Accessory Dwelling Units (ADUs) and using them as a way to generate passive income. He provides an overview of ADUs, including their different types and the importance of researching local planning and zoning codes. Derek emphasizes the benefits of house hacking, which involves building an income stream on a property, such as by renting out a garage or building an ADU. He shares tips for financing ADUs, including seeking out local banks and credit unions, and emphasizes the importance of doing due diligence on contractors before hiring them. Finally, Derek encourages viewers to be creative and open-minded in their real estate investing endeavors and to seek out networking events to build relationships with other investors. If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )

We Love Equity Real Estate Show
Evolution from Wholesaling To Luxury Builder

We Love Equity Real Estate Show

Play Episode Listen Later May 29, 2023 51:13


I am excited to share the latest episode of our podcast with you. This week, I had the pleasure of speaking with Casey Ames from Boise, Idaho. Casey shared his inspiring journey of starting from wholesaling and building a successful business in luxury builds, commercial builds, and even apartment complexes and more.  Here are my top three takeaways from our conversation with Casey: Mentorship is key  Casey emphasized the importance of having a mentor and meeting with them regularly to ensure you are headed in the right direction. Having someone with more experience and knowledge to guide you can make all the difference in your success. Lead with a service perspective Casey stressed the importance of focusing on serving others and finding solutions to their problems, rather than just focusing on making money. By leading with a service perspective, you can build trust and confidence with your clients and ultimately achieve more success in your business. Everything is on the table Casey reminded us that when it comes to wholesaling, everything is on the table. From single-family residences to apartment buildings and even weights sold on Amazon, there are endless opportunities to succeed in this industry. Overall, our conversation with Casey was incredibly insightful and inspiring.And as always, remember to get out there and enjoy the journey!   Connect with Casey Ames at:  Email: casey@taylorjenehome.com Website: Taylor Jene Homes Facebook: Taylor Jene Homes Instagram: taylorjenehomes   -- Thanks for listening to this episode! And, if you enjoyed this episode, please share it on social media using the social share buttons below, and don't forget to leave a short review on iTunes.   If you want to learn more about real estate wholesaling, feel free to visit my Website and Youtube channel.  If you get value from the videos and content we're putting out, please subscribe.⠀ Schedule Your 15 Minutes Free Consultation with Marcus here: FREE! DOWNLOAD of Purchase Contract: 

One Rental At A Time
House Hacking is Amazing BUT What if you Could House Hack and Apartment Building?

One Rental At A Time

Play Episode Listen Later May 25, 2023 9:29


*NEW ITEM!* Purchase my newest book! "15 Conversations with Real Estate Millionaires" https://amzn.to/3CGOWOU

Real Talk Atlanta
How Your Home Can Make YOU Money | House Hacking, HELOC, Equity, and MORE!

Real Talk Atlanta

Play Episode Listen Later May 10, 2023 34:21


Just like your home can cost you money, it can make you money. Whether you're purchasing a home to occupy and make a return in the future or purchasing solely to generate immediate income, investing in real estate is an always a smart idea. In todays episode, the ladies of Real Talk Atlanta will be breaking down the various ways in which homeowners can make a profit from the house. From HELOC to house-hacking, the possibilities are endless! ________This episode is brought to you by BetterHelp Therapy.  BetterHelp has connected over 3 million people with licensed therapists. It's convenient and accessible anywhere — 100% online. Learn more and save 10% off your first month at BetterHelp.com/REALTALKATL_______F O L L O W    O U R    S O C I A L S !◦ Instagram: https://www.instagram.com/realtalkatl...◦ SUBMIT QUESTIONS : realtalkatlpod@gmail.com◦ Ashley: https://www.instagram.com/ashley__larae/◦ River: https://www.instagram.com/rivertherea...◦ Tiesha: https://www.instagram.com/thereal_tie...◦ Neika: https://www.instagram.com/neikaw.real...Produced by Adode Media; a full-service podcast production agency.What's YOUR Best PriceGet the best deal on your next car, don't get taken advantage of, and have a few laughs.Listen on: Apple Podcasts SpotifyProduced by Adode Media; a full-service podcast production agency.

Passive Income through Multifamily Real Estate
Episode #293: House Hacking to Multifamily Mastery with Casey Christensen

Passive Income through Multifamily Real Estate

Play Episode Listen Later May 8, 2023 28:02


In this episode, we're excited to welcome Casey Christensen to the show. Casey's journey into the world of real estate investing began in 2014 when he decided to rent out his townhome and house-hack a single-family home. Since then, he's made significant strides in his real estate ventures; including his first out-of-state investment in 2020 and the acquisition of eight units outside his home state. In addition to his successful real estate endeavors, Casey also cofounded Fortified Equity, a company he established with two partners in 2020. In this episode, we dive into Casey's story, discussing his path to real estate investing and how he acquired capital to close his first deal. We also explore how Casey first learned about syndications and broke into the real estate investing market. He shares the many hard lessons along the way, his first joint venture, how this led to founding Fortified Equity, what the company has planned for the future, and more! Don't miss out on this incredible opportunity to gain valuable insights into real estate investing from Casey Christensen!Key Points From This Episode:We welcome Casey and learn more about his background and real estate journey.How he was able to purchase his first property with almost no capital.Learning from the ground up: how he taught himself the real estate game.Casey shares some hard lessons and challenges along the way.He tells us details about his first capital stack.His first joint venture and how it led to the founding of Fortified Equity.Leveraging Vertical Street Ventures to build on the success of Fortified Equity.Find out details about his current project in Little Rock.The challenges and opportunities that come with investing out of state.Hear about developing and sustaining a productive and successful team.Find out whether raising capital is still a concern for him.Why he is passionate about real estate investing as a path to financial freedom.Links Mentioned in Today's Episode:Casey Christensen on LinkedInCasey Christensen EmailCasey Christensen Phone: 801-615-1960GPS Capital MarketsRich Dad Poor DadBiggerPocketsThe ABCs of Real Estate InvestingVSVCon 2023Vertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Foreclosure Deals Coach Podcast
4 Steps to getting started in Real Estate Investing

Foreclosure Deals Coach Podcast

Play Episode Play 32 sec Highlight Listen Later May 4, 2023 25:45 Transcription Available


Welcome to the Foreclosure Deals Coach Podcast, hosted by Donny Coram. In this episode, we'll be discussing four different real estate investing strategies that can help you get started in the industry.First, we'll cover "House Hacking," a method that involves purchasing a property and living in one unit while renting out the others. This strategy can generate rental income and reduce your living expenses.Next, we'll explore "Wholesaling," which involves finding discounted properties and selling them to investors for a profit. This can be a quick way to get started in real estate investing without needing a lot of capital or credit.We'll also discuss "Real Estate Investment Trusts (REITs)," which are companies that own and operate income-producing real estate. Investing in a REIT can provide the benefits of diversification and allow you to invest in real estate without owning any physical property.Finally, we'll delve into "Foreclosure Flipping," a strategy that involves purchasing and renovating foreclosed properties for a profit. While this can be a fast way to make money in real estate, it's important to understand the local market and foreclosure process to minimize risk.Join us for this informative episode of the Foreclosure Deals Coach Podcast and learn how these real estate investing strategies can help you achieve your financial goals.Show Notes Want to get Started becoming a Real Estate Investor? Are you a real estate professional ready to transition into becoming a full time real estate investor? If so click this calendly link to schedule your coaching assessment call with Donny today. Find and Analyze Deals Like a professional. Get access to the software I use daily to find and figure out my number on the Deals. Click here to analyze deals with Privy.http://bit.ly/fdcprivy Join the conversation today. Facebook Group - Foreclosure Deals Coach http://fdcoachgroup.comFacebook Page - Foreclosure Deals Coach http://facebook.com/foreclosuredealscoach Want to learn more from Donny Coram? Download the FREE ebook "The Hidden Foreclosure Deals Market" I want my free ebook NOW! http://bit.ly/fdcbook

Finding True Wealth Podcast with Nick Hopwood, CFP

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® is joined by Preston Gee, CFP®. The duo talk about house hacking- and the benefit it has for people looking for ways to generate extra income. House hacking traditionally means buying a multifamily property, living in one unit and renting out the others so that the tenants pay the owner's mortgage, and the owner builds equity while maintaining the property.  — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.

The Cubicle to CEO Podcast
Retirement For Entrepreneurs Series: Investing In Real Estate To Retire By 40 With $300K/Year

The Cubicle to CEO Podcast

Play Episode Play 60 sec Highlight Listen Later May 1, 2023 56:56 Transcription Available


As entrepreneurs, we have the rare privilege of deciding when and how we retire. For many of us, retirement isn't necessarily an age, but rather a milestone of financial independence where the income from assets outside of our business fully cover our lifestyle expenses, thus rendering work optional. “Desirement”, not “retirement” as today's guest would call it. In this first installment of our retirement series, we're talking to Erinn Bridgman, a money management and mindset coach who helps female entrepreneurs not only design a profitable business, but generate personal wealth. Erinn reveals how she used $22,700 from her then-photography business to invest in her first real estate property, which she then snowballed to pay off $100K of student debt + build a real estate portfolio worth $7 million. Her current strategy puts her on a path to retire by 40 with an income of $300K/year, fully funded by her real estate empire.We're running through all the numbers, profit margins, and real estate investing tactics involved  - get ready to take copious notes!View the transcript for this episode at: https://otter.ai/u/H4dxDZXo5_UOXU13cddSDzLDVDM?utm_source=copy_url Thank you to our sponsors:Subscribe to Natasha Samuels' show, The Shine Online Podcast, and check out the rest of episode 71 HERE: https://link.chtbl.com/mhWiLtY8Try your first 7 days of Honeybook free (no credit card required) +  save 35% on your first year of ANY plan when you sign up with our link: http://share.honeybook.com/ellenJoin Erinn's 8-Week VIP Money Coaching Intensive: https://www.erinnbridgman.com/money-makeover-transformationConnect with Erinn:Get started with Erinn's Real Estate Investing Guide: https://www.erinnbridgman.com/real-estate-investing-guideListen to the Wealthy Woman Podcast: https://www.erinnbridgman.com/podcasts/the-wealthy-woman-podcastInstagram: @erinn_bridgmanIconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quizIf you enjoyed today's episode, please:Leave a positive review or rating at www.ratethispodcast.com/cubicletoceoSign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped!Post a screenshot & key takeaway on your IG story and tag us @missellenyin & @cubicletoceo so we can repost you.Follow (+) our show for new episodes every Monday & Wednesday

Cleve Gaddis Real Estate Radio Show
Bright Water in Snellville, House Hacking, 121 Exemption - could this be a key to wealth building?

Cleve Gaddis Real Estate Radio Show

Play Episode Listen Later May 1, 2023 12:00


On this segment of the Go Gaddis Radio Show, we feature Bright Water in our Neighborhood Spotlight segment. Then real estate experts, Cleve and Tammie talk about house hacking and 121 exemptions. Host of GoGaddis Radio, Cleve Gaddis, has been a fixture in metro Atlanta real estate since 2000. He has served Atlanta since 1987 by helping thousands of buyers and sellers make smart decisions. As a Co-Team Leader of Modern Traditions Realty Group, he is able to help clients and real estate agents alike. He has the heart of a teacher and is passionate about helping listeners learn the ups and downs and the ins and outs of smart home buying and selling all throughout metro Atlanta. If you have a question for Cleve, click here : https://gogaddisradio.com/ask-a-question If you are looking to buy or sell your home with Cleve, click here : https://moderntraditionsrealty.net/contact If you are looking to join a real estate team, click here : https://moderntraditionsrealty.net/career-opportunity

Top of Mind
BiggerPockets' Dave Meyer on What's Working for Real Estate Investors in 2023

Top of Mind

Play Episode Listen Later Apr 26, 2023 52:45


In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dave Meyer, VP of Data & Analytics at BiggerPockets, to talk about what's working for real estate investors right now. Dave discusses why flipping still works even as the market slows, why he thinks prices on bigger multifamily buildings have more room to drop, and what new investors should be thinking about. He also talks about which local markets look the healthiest in 2023. About Dave Meyer Dave Meyer is the VP of Data & Analytics at BiggerPockets, host of "On the Market" Podcast and long time real estate investor. BiggerPockets is the leading media network and community of 2.5 million members in the real estate investing space. The platform provides invaluable education, effective tools and a robust community for real estate investors worldwide. BiggerPockets podcasts are built to empower individuals through real estate investing, financial literacy, entrepreneurship, and more, with over 150 million all-time downloads and the #1 podcast in Real Estate. BiggerPockets podcast business includes “The Real Estate Show,” “BiggerPockets Money,” “On the Market,” “The Real Estate Rookie” and “InvestHER” shows. The company launched Wealth Magazine, a successful YouTube channel and has quickly become a powerhouse book publisher with over 2 million books sold and titles that range from “Investing in Real Estate with No (and Low) Money Down” and “Buy, Rehab, Rent, Refinance, Repeat.” Here's a glimpse of what you'll learn:  What's working for real estate investors right now What is “House Hacking” and why is it so important Why flipping still works even as the market slows How to view current cap rates and what that means for investors in 2023 Which investors are winning in this market Whether there's an “AirBnBust” coming What happens to new investors in a recession Why the big surge in multifamily construction is a blip — not a trend Which local markets look the healthiest Resources mentioned in this episode: Dave Meyer on LinkedIn BiggerPockets BiggerPockets on Twitter Mike Simonsen on LinkedIn Altos Research Featuring Mike Simonsen, President of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on Twitter Mike on Twitter

Ordinary Guys Extraordinary Wealth: Real Estate Investing and Passive Income Tactics
Episode 80 - House Hacking: How to Live for Free & Create Wealth

Ordinary Guys Extraordinary Wealth: Real Estate Investing and Passive Income Tactics

Play Episode Listen Later Apr 24, 2023 25:10


In this episode, Sam and Lucas discuss "house hacking," which involves buying a piece of real estate and renting out a portion of it to someone else while living in the other portion for free or even making a profit. They explore different ways to house hack, including remodeling a house while living in it and renting out a portion of a duplex or fourplex!Prime Corporate Services - I have partnered with these guys and we will set up an LLC for you for FREE, no JOKE! (small state filing fees apply) These guys do LLC formations in any state, they also do tax services and pretty much anything you need. Schedule a FREE consult here: https://primepartner.info/fasterfreedomConnect with Sam and Lucas:- Website - https://fasterfreedom.com/- Instagram - https://www.instagram.com/samfasterfreedom/- Facebook - https://www.facebook.com/SamFasterFreedom/- LinkedIn - https://www.linkedin.com/company/faster-freedom/- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw- TikTok - https://www.tiktok.com/@samfasterfreedom

Millennial Investing - The Investor’s Podcast Network
REI180: The Intersection of Education and Real Estate w/ Kevin Clark

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Apr 24, 2023 88:08


Patrick Donley sits down with Kevin Clark to talk about how he broke into Commercial Real Estate at the age of 30 after getting a Master's in Real Estate Finance at NYU. They get into what it takes to survive and succeed in the first year at a CRE brokerage, how to think about cap rates and the factors that influence them, and why he feels real estate isn't an inflation edge.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:32 - How his first fix and flip near 8 Mile in Detroit went.05:04 - What he learned serving as his own GC on a gut renovation of a New York co-op.07:13 - Why he earned a Master's degree in Real Estate Finance at NYU.07:25 - How the freedom of a remote job allowed him to make the transition to real estate.11:20 - Why having a background in finance is a huge advantage in CRE.16:07 - How he broke into CRE with Massey and Knakal and what his first year was like.16:07 - Why you shouldn't consider work from home options if you are early in your career.32:14 - What his top advice is for people just entering into CRE brokerage.42:14 - How Kevin is trying to disintermediate brokerage on rental apartments with Cribdilla.50:40 - What he feels are the best strategies during a negotiation?63:22 - Why he feels real estate isn't an inflation hedge.63:34 - How to understand cap rates, why they are important, and the factors that affect them.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Never Split the Difference by Chris Voss.Capital Ideas by Peter Bernstein.The Big Short by Michael Lewis.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.Related episode: Listen to REI168: The Road to Commercial Real Estate Success w/ Matt Lasky, or watch the video.Related episode: Listen to REI155: Building a Boutique Property Empire w/ Moses Kagan, or watch the video.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Instead of trying to time the market or pick single stocks, automate your investments and invest in a variety of companies with Betterment.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Enjoy soft, stretchy bottoms that last forever with birddogs. Use promo code INVESTING and get a free Yeti-style tumbler with every order.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Kevin Clark: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

AZREIA Show
House Hacking Essentials From Craig Curelop

AZREIA Show

Play Episode Listen Later Apr 21, 2023 35:46


In today's episode, we have our special guest Craig Curelop went from a net worth of negative $30,000 to being financially independent in just 2.5 years. Now, with his financial independence, he has fun building a team of investor-friendly real estate agents at The FI Team, helping others achieve financial independence as he did. What's the secret? Tune in to the full episode, reveal his process, and enjoy! Key Takeaways: 2:16 Get to know Craig Curelop | The FI Team (@thefiguy) 4:26 Hundred deals in 1st year in real estate — Craig's process behind it.  6:39 Key attributes that real estate agents need to know when working with investors.  8:51 Craig's why being an investor-friendly agent? 10:27 What is Craig's ideal client profile?  13:56 How Craigs educate his clients 18:11 Why did Craig Join eXp Realty? 21:58 How Craig manages his multiple teams? 23:15 Reveal what is next with Craig Curelop 30:58 Keep buying... Keep buying 32:04 Connect with Craig ---- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member's ability to successfully invest in Real Estate. Join AZREIA here. Is a Career in Real Estate Right For You? Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at  

Investor Financing Podcast
Does it make sense to purchase rehab with a HELOC and then do a conventional refinance?

Investor Financing Podcast

Play Episode Listen Later Apr 20, 2023 2:45


Hello, new subscriber here! Does it make sense to purchase/rehab with a HELOC and then do a conventional refinance? Any limitations…seasoning, closure of HELOC, etc.? - Tamarra If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )

Learn or Be Learned
69. Deep Dive into Investing in Real Estate Properties ft. Nithin Thomas and Ramu Velu (Miniseries 6/6)

Learn or Be Learned

Play Episode Listen Later Apr 20, 2023 40:30


Are you ready to learn about real estate investing? Tune in to Learn or Be Learned and meet your host, Shiva Dhanasekar, as she kicks off an exciting new video podcast season featuring a six-episode mini-series on real estate and real estate investing. In this series, two experienced realtors, Ramu Velu from Velu Holdings LLC and Nithin Thomas from Nithin Thomas Consulting Co., share their wealth of knowledge and advice on buying your first home, investing in rental properties, and scaling your investments for maximum profit. Throughout the miniseries, the speakers discuss important topics including the differences between single-family and multifamily real estate, the importance of understanding your comfort level, goals, and timeline, and the various options available for investing in real estate. They also provide helpful tips on how to build equity, recycle capital through exits, and work with a team of professionals to maximize your investments. The hosts caution that certain investment avenues, like house flipping and Airbnb, can be high risk and require extensive research. However, they also offer insights on which home renovations can add value to your property and which ones are simply personal preferences. Time Stamps [00:02:45] Real Estate Investing: Single-family vs Multifamily Homes [00:03:43] Real Estate Investment and House Hacking [00:07:18] Investment Options for Rental Properties [00:10:48] Real Estate Exit Strategies [00:14:11] Real Estate Investing: Understanding Terminology and Market Trends [00:17:34] Investing in Real Estate: Team and Strategies [00:20:57] House flipping and wholesaling [00:24:35] Home renovations with good ROI [00:28:36] Buying New vs. Used Homes: Pros and Cons [00:31:57] Understanding the Risks of Airbnb Investing [00:35:55] Syndication vs Single Family Investments [00:39:27] Signing Off of the Miniseries and Both Realtors Socials Noteworthy Quotes from the Episode [00:02:53] "Anything past 4 homes is legally classified as an apartment" - Ramu Velu [00:05:24] "The more you do THIS, the easier it becomes to buy more homes." - Ramu Velu [00:15:29] "It's like, okay. So if I'm cash flowing by this much in the year, I can save up that cash flow, get the next down payment put together for the next property, then recycle, recycle, recycle, and the thing just grows eventually. That's how you build a portfolio but it just depends on the markets honestly." - Nithin Thomas [00:17:05] "You wanna be the investor that buys it before it blows up, which is why you need a..." (the quote is cut off, but it implies the importance of being ahead of the market and having a good understanding of the industry. - Nithin Thomas Links to the Guests and Resources Mentioned (if any) ⁠⁠⁠⁠⁠Ramu Velu's Instagram⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Nithin Thomas Instagram ⁠⁠⁠⁠⁠ My Information Podcast Link Page: ⁠www.solo.to/shivadhana⁠ Instagram: ⁠⁠⁠⁠⁠@shivadhana⁠⁠⁠⁠⁠ Email | ⁠⁠⁠⁠⁠shivadhana@dhanastudios.com⁠⁠⁠⁠⁠ Video Podcast on YouTube: ⁠⁠⁠⁠⁠Click Here for YouTube Channel⁠⁠⁠⁠⁠ Apple Ratings & Reviews: ⁠⁠⁠⁠⁠Click Here for Apple Podcasts⁠⁠⁠⁠⁠ Show Notes, Tips & More: ⁠⁠⁠⁠⁠Click Here for Linkedin Page⁠⁠⁠⁠⁠ Contact Me or Be a Guest: ⁠⁠⁠⁠⁠Click Here for Podcast Website⁠⁠⁠⁠⁠ Share a link to my podcast: ⁠⁠⁠⁠⁠Click Here for a Link to Podcast Platform Selections⁠⁠ Hashtags #realestateinvesting #househacking #rentalproperties #syndications #propertymanagement #flippinghouses #homerenovations #newvsusedhomes #Airbnbinvesting #passiveinvesting #ROI #Texasinvesting #realtorrecommendations #podcastrecommendations #LearnorBelearned #realestatepodcast --- Send in a voice message: https://podcasters.spotify.com/pod/show/shivadhana/message

Master Passive Income Real Estate Investing in Rental Property
22yr Old Investor House Hacking With Tenants Paying the Mortgage

Master Passive Income Real Estate Investing in Rental Property

Play Episode Listen Later Apr 18, 2023 34:19


If you buy a duplex, have a tenant live in one of the units, and then you live in the other, you are house hacking into real estate investing. Living rent free and having your mortgage paid for by your tenant. Ben did his own house hacking and even has a location to run his business out of the large garage. You can house hack to just like Ben. Join Us at our LIVE EVENT - REWBCON23 - Get 10% OFF Your Ticket Code: "podcast" https://rewbcon.com Get your free real estate investing course: http://www.masterpassiveincome.com/freecourse  Real Estate Group Coaching Membership: https://masterpassiveincome.com/wealthbuilders //BEST REAL ESTATE INVESTING RESOURCE LINKS 1 Minute Green Light Deal Analyzer: http://www.greenlightdealanalyzer.com FREE Property Management Software: https://masterpassiveincome.com/avail Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Investor Money Management with Stessa: https://masterpassiveincome.com/stessayt // WHAT TO WATCH NEXT How to Use Owner Financing to Make Loads of Money https://youtu.be/qAOpCOWvj6Q How to Analyze a Real Estate Investing Deal in 5 Seconds https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business https://youtu.be/B9RzLkAZI9s Everything You Need to Know about Real Estate Comps https://youtu.be/wMZ_We-wlrg Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

Millennial Investing - The Investor’s Podcast Network
REI179: Resilience and Triumph w/ AJ Osborne

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Apr 17, 2023 64:25


Patrick Donley sits down with AJ Osborne to learn about his incredible triumph over a debilitating disease which left him paralyzed and how his self-storage investments allowed him to provide for his family. We go into what his first self storage investment looked like and how he was able to scale his company without taking on outside capital. AJ also explains why self storage offers the best opportunity for investors to get involved in commercial real estate and provides some great actionable advice on first steps to get started.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro05:46 - How AJ was able to provide for his family after a debilitating disease left him paralyzed.05:46 - How he started multiple companies out of a wheelchair.16:01 - Why it's a daily choice to be at your best mentally and emotionally.31:01 - How they scaled the company with no outside capital.32:00 - Why he recommends beginning investors have a W-2 income when getting started.32:14 - Why self storage offers the best opportunity for investors in commercial real estate.40:00 - What his first investment in self storage looked like.40:00 - What he means by having a “margin of stupidity”?43:18 - How he recommends approaching “mom and pop” operators.64:45 - What does the difference between rich and wealthy means to AJ?And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Growing Wealth in Self Storage by AJ Osborne.Self Storage Income podcast with AJ Osborne.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.Related episode: Listen to REI153: 1300 Units in 21 Months w/ Sultan of Storage, or watch the video.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Instead of trying to time the market or pick single stocks, automate your investments and invest in a variety of companies with Betterment.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Support our free podcast by supporting our sponsors.Connect with Patrick: TwitterEmail: patrick@theinvestorspodcast.comConnect with AJ: Website | Instagram | YouTubeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Get Rich Education
445: Your Questions Answered: Overleveraged, House Hack vs. Turnkey, Hyperinflation

Get Rich Education

Play Episode Listen Later Apr 17, 2023 32:11


Keith Weinhold answers listener questions about real estate investing.  He advises listeners on how many properties they need to own to become a millionaire, how to invest $40,000 to reach a $100,000 down payment for a rental property, and how to find the best future real estate markets.  Keith emphasizes the importance of positive cash flow, avoiding over-leveraging, and owning properties in multiple job growth markets and states.  He also discusses the potential for hyperinflation and the benefits of owning real assets to combat inflation.  Keith encourages listeners to leave a rating and review for the podcast and consult with professionals for individualized advice. **Taylor's question [00:01:07]** How many properties must I own to become a millionaire? Keith explains that it depends on the profitability of the properties, how much they go up in value, and how much rent is charged.  **Mitrel's question [00:05:04]** Should I invest my $40,000 in the stock market to reach my $100,000 down payment goal for a rental property? Keith advises on risk tolerance and suggests alternative options such as I bonds. **Kevin's question [00:09:08]** What are the forward-looking indicators to find the best future real estate markets? Keith talks about the prospect of hyperinflation and provides insights on finding the best real estate markets. **Forward Looking Indicators for Real Estate Markets [00:09:16]** Keith answers Kevin's question about selecting MSAs with forward-looking indicators, including population growth, employment, and upcoming government infrastructure projects. **Sponsor Ads [00:15:45]** Keith thanks Ridge Lending Group, JWB Real Estate Capital, and Mid-South Home Buyers for sponsoring the show. **House Hacking in Southern California [00:18:03]** Keith advises Connor on whether to invest in an out-of-state rental or house hack in Southern California, considering high real estate prices, tax rates, and tenant protection laws. **Real Estate Financing Options [00:19:03]** Keith discusses financing options for single-family homes and fourplexes, including FHA and VA loans, and the advantages and disadvantages of house hacking in Southern California versus investing out-of-state. **Hyperinflation and the US Economy [00:21:40]** Keith addresses a listener's question about the possibility of hyperinflation in the US economy, defining hyperinflation and discussing the factors that contribute to it, including a nation's debt and foreign demand for its currency. **Leverage in Real Estate Investing [00:25:00]** Keith answers a listener's question about being over-leveraged in real estate investing, explaining the risks of taking on too much debt and emphasizing the importance of buying properties that are cash flow positive. **Real Estate Investing Strategies [00:28:00]** Keith explains how to avoid over-leveraging and how to project positive cash flow from day one. **Benefits of High Leverage [00:29:09]** Keith explains how high leverage can help you build wealth faster and why it's best to finance your properties. **Encouragement to Leave a Podcast Review [00:30:07]** Keith encourages listeners to leave a podcast review and explains how it helps the show reach more people. **Disclaimer [00:31:32]** A disclaimer is given that nothing on the show should be considered specific personal or professional advice. Resources mentioned:  Show Notes: www.GetRichEducation.com/445 I-Bonds: https://www.treasurydirect.gov/savings-bonds/i-bonds/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Welcome to GRE! I'm your host, Keith Weinhold. I answer your listener questions today.    A 12-year-old listener asks, how many properties must I own to become a millionaire?  Another asks, “Should my first property be a house hack or an out-of-state rental”?    One question is about the imminent prospect of HYPERinflation.   Also, “What are FORWARD-looking indicators to find the best future RE markets?” Those questions and more questions all answered, today, on Get Rich Education! ___________   Hey, welcome in to GRE. I'm your host and Founder, in fact, of this very show… and all Get Rich Education platforms, a 20-year REI and Active Member of the Forbes Real Estate Council. My name is Keith Weinhold. Ya probably know that by now.   This is Episode 445 of Get Rich Education.   When I do these listener question episodes, I generally begin with some of the more basic questions.   Today's first question comes from Taylor in Wooster, Ohio. Taylor is age 12 and he simply asks:   How many properties must I own to become a millionaire?   Well, thanks for that, Taylor. I don't often get questions from a 12-year-old.    I love that you're listening and the fact that you ARE greatly increases the chances of you building wealth when you're an adult, yet young enough to enjoy it.   Like a lot of questions in real estate, the answer to how many properties you must own to become a millionaire “depends”.   It depends on how profitable your properties are - how much they go up in value and how much you're getting from the rents that you charge the tenants, how long you do a good job of keeping them as tenants, as well as how capable you are of controlling your property's expenses.   So, you could own as little as just ONE property and be a millionaire, Taylor.   Owning MORE properties is better than owning fewer properties. That way, if you have one that isn't profitable, you'll have profits from your others.     And you can own more properties when you can use part of your OWN money & part the bank's money… in owning the property.   Now, Taylor, if you have one million dollars, say, you had a million bucks in stacks stuffed in your closet, you need to understand that that is not enough.    You're 12 years old now. You might live another 80 years. Then you'd need that million to last you 80 years.    Even a 50-year-old with a million dollar stack of dollars bills in their closet would not have enough money to live on for the rest of their life.   You might need closer to 10 million dollars. That's called a decamillionaire. So think about setting your net worth target higher. Think, “How can I be a decamillionaire?”   But actually, you don't just want to think about the height of your stack of dollar bills reaching any certain number of millions ONLY. It matters. But what matters more is how fast your stacks are GROWING.   That's called cash flow. If your stacks are growing at a rate every year that exceeds all of your expenses, you are financially-free. That's why it beats being debt-free.   Another thing, Taylor, I know that your hometown of Wooster, Ohio is between Columbus and Akron so - though I'm not familiar with Wooster - but I do know its the county seat of Wayne County -    …you do tend to have markets nearby that can create CF really well - that's that ability to GROW your cash stacks, hopefully to a height of 10 million someday.    Thanks for your question, Taylor.   You know, it warms my heart to know that kids listen to the show. I remember shortly after launching the show in 2014 that a Dad & son from New Jersey wrote in and told us that they look forward to listening to the show together every week.    I like to do that family-friendly show, from Day 1. A clean lyrics show since inception.   I like to keep it classy. I like to make that show that would make my late Grandma Weinhold proud - though I don't think she ever knew how to listen to this show.   That's part of my brand… and it warms my heart to see children in the audience.  ______________   The next question comes from Mitrel. I don't know where Mitrel is from, because some questions come in on our YouTube Channel, but he says…   I have a good job and $40,000 in savings, expect an upcoming BOOM in real estate and need $100,000 for a down payment.    Does it make sense to gamble my $40K in the high risk stock market to get up to the $100K sooner and capitalize on the RE purchase?   If I lose the $40K, I'll recover it in time with my job anyway over time.   If I win & get it to $100K, I'll have my income property and be off to the races with leverage and Real Estate Pays 5 Ways.   If I simply tried to preserve the $40K in a savings account, I'd lose to inflation anyway.   That's his question. Alright, Mitrel. You've got $40K, want to get to $100K for your down payment on some rental property.    Now, we have properties at GRE Marketplace where $30 or $35K is enough to get started… but with your $100K down payment goal, I sense that you might have a specific purchase in mind.   Of course, it's about getting a 20-25% down payment + 4% CCs  - as a percent of your purchase price - and you'll want to hold some reserves.   Well, to get your cash stash from $40K up to $100K, it has to do with your risk tolerance.   It sounds like you're open to risk with putting it in the stock market short-term to try to reach your goal faster.   So, yeah. You would probably want to do that OUTSIDE of a retirement account since they generally have early withdrawal penalties.   In a savings account, yes, you're aware that with true inflation, that would just debase your savings' purchasing power.   If you're open to risk, I guess one could get in & out of crypto at just the right time - if you do that, I'd choose bitcoin.   But you know, whether you go with risky stocks or risky bitcoin, the problem with that is that you have to get your timing right twice.   Ideally, whether it's a Russell 2000 Index Fund or Apple Stock or Ethereum, you want to buy close to a near-term low and then sell close to a near-term high.   That is more difficult to do than it sounds, and it's just one reason that stock, ETF, and mutual fund investors don't build wealth.    One other thing I'll mention as you're trying to patch together your first RE down payment is I-bonds. They currently pay a guaranteed 7%.    The way they work is that the interest rate they pay you is the CPI Inflation rate plus a fixed rate on top of that.   You can get I-bonds at TreasuryDirect.gov   But there is a $10,000 annual limit that you can put into I-bonds.    Another disadvantage is that I bonds can't be purchased and held in a traditional or Roth IRA, Mitrel. The I- bonds have to be held in a taxable account.    But that might work for you in this case, Mitrel, since it's a shorter-term hold, hopefully it's shorter-term anyway, until you've built up your $100K cash to get your RE and get off to the races, hopefully getting paid 5 ways.   Another disadvantage of I bonds is there is an interest penalty if they're redeemed for cash in the first five years. They knock off 3 months of your earned interest.   I hope that you found at last one insight on those options that helps you out, Mitrel.  ________________   The next question comes from Kevin. He asked this one quite a while ago.   [Listener question played]   3) What are the forward-looking indicators to select MSAs? He typically looks at population growth and employment.    That is a rather astute question, Kevin. Yes, you're looking at some of the right measures for the tide that floats a RE market up.    First, we want to think about landlord-friendly states. Yes, the MW & South has a preponderance of them. But there are some outliers. You'll also find pretty favorable eviction processes for LLs in PA, TX and AZ.   When it comes to forward-looking RE indicators and their sources, first, let me give you two resources that most everyone knows about, then we'll drill deeper.  The NAR publishes forecasts for home sales, prices, and other market trends. Their reports give you future RE market insight at both the national and local level. Zillow offers forecasts too on the housing market, including home values, rents, and other market indicators. Now, one indicator and one place that a lot of people don't know where to look, Kevin, is your ability to discover upcoming government infrastructure programs. Think about learning where the next new highway intersection or highway interchange will be built. Or perhaps it's a new seaport expansion project or a new bridge that is going to be built in 5 years. There are a lot of places where you can find out that information ahead of time, and unlike stock investing, it's completely legal - totally alright - to learn about this ahead of time.  Get a heads up on where the next bridge is going to be built and how that can make nearby property values rise - that's not considered illegal insider information. You can check the websites of government agencies responsible for upcoming infrastructure development in your target state or region.  That area's, say, Department Of Transportation makes this public so that contractors can engage in the bidding process for major infrastructure projects. These are known as government PROCUREMENT websites. For example, in Illinois, that's under an Illinois.gov website. Those sources can be kinda wonky & dry, but putting in the work over there can help you see the future. Now, major news outlets, and just regular, old school, legacy media television channels like good ol' WPHL in Philadelphia or KMSP Minneapolis or anywhere, they often report on upcoming projects and government initiatives, like an airport expansion. Now, if you happen to LIVE in an investor-advantaged area, Kevin, well and you do, Dayton, Ohio. Joining an “in real life” industry association that focuses on infrastructure development can really give you direction & foresight and you'll grow your network too. That'll give you access to upcoming projects - as will attending public meetings like town hall meetings. And then finally, the US Census Bureau and other sources make all kinds of population projections. That helps you see the future.    And hey, you might as well use the Census' resources since your tax dollars are paying for it.   And those industry associations and public meetings often use & apply those population projections to upcoming major projects.   So, there's more, but that's a good bit there. I hope that helps you, Kevin.    Today, I am bringing you the show from Anchorage, Alaska.   Next week, it'll be from Las Vegas, Nevada.   And in two weeks, I'll be bringing you the show from Phoenix, Arizona.   So, Anchorage, Las Vegas, and Phoenix. That is the largest city in the 49th, 36th, and 48th states admitted to the union respectively.    Only a remorseless geography nerd like me would break it down that way, wouldn't I?   Yes, we'll be constructing makeshift, mobile GRE recording studios coming up.   If you've got a question that you'd like me to answer, go to GetRichEducation.com/Contact. That's where you can either write a message, or leave a voice message listener question - like Kevin did.   I answer more of your listener questions next. I'm KW. You're listening to Episode 445 of Get Rich Education. ____________   Welcome back to Get Rich Education. I'm your host, Keith Weinhold, grateful to have you here.   Before we return to your listener questions… thanks to this week's sponsors. They support us so, please, consider supporting them.   That is Ridge Lending Group. Consider YOUR next mortgage loan for income property there and see the difference that a lender that works specifically with investors like you… can make.    They serve almost all 50 states. That's President Caeli Ridge & all the good-looking people over there at RidgeLendingGroup.com   Then there's JWB Real Estate Capital. Income property specialists that provide you with the actual investor-advantaged real estate that you can buy in bustling, fast-growing Jacksonville.  That's all-around good guy Gregg Cohen & the team at JWB. They always have good hair days over there.    They really make it easy for you. Find your next cash flow property at JWBRealEstate.com/GRE   Finally, there's Mid South Home Buyers, providing you some of the best rent ratios in the entire South in Memphis and Little Rock.    They've got the service that you've been raving about for years now.    That's Terry Kerr, Liz Brody and all the fine peeps over there at MidSouth that shake your hand, look you in the eye, have a symmetrical smile, and even regularly recite your first name mid-sentence for ya. (Ha!)   Get started at MidSouthHomeBuyers.com   I have been inside the physical offices of all 3 of those sponsors that I just mentioned.   If your company is interested in advertising on GRE, let us know. We'd like to check you out first. Just like listener questions, you can also indicate that on the same page. Let us know at GetRichEducation.com/Contact You'll see the “Advertising Inquiry” area there.   Conner asked me a question. “Keith, absolutely love your videos. I live in expensive Southern California (Orange County). Would you recommend my first property be a primary that I house hack or invest in an out-of-state rental?” Thanks, Connor.   OK, Connor. Well, there's a lot to consider.   Let's look at the Socal househack.   As you're surely already aware, real estate prices and tax rates are both very high in California.    California also has a Tenant Protection Act enacted in 2019 that puts strict eviction laws into place. You might have rent control there too.   Now, as a SoCal househacker, that could, of course, take the form of buying one big SFH where you live in one of the rooms and rent out the other rooms.   The younger you are, the more likely it is that you're tolerant of living with roommates. If you want to stay alone or with your spouse or whatever & want privacy, then you'll househack a duplex, triplex, or fourplex.   Any one of those, SFH up to 4-plex, you can use an FHA loan on and pay just 3.5% down, or VA loan if you have VA benefits and pay 0% down. With either of those low down payment programs, you must live ON-SITE, usually for at least a year.   FHA recently approved 40-year mortgage loans and they will roll out next month. Yes!   In Orange County, CA, with really high prices, it might take a fixer-upper type home to make it affordable. If you aren't handy, that's a disadvantage on the house hack.   Socal is simply one of the most DISadvantaged places in the nation for long-term rental property, though there are still ways to make it work.   Then, if you go out of state, you can make it really passive. It won't be a more active business like it would there for ya in Orange County.   Now, the downside of buying an out-of-state rental, like through GRE Marketplace, is that it's going to take a 20 to 25% down payment.   But you can still find respectable properties in safe neighborhoods, in say, Memphis for as little as $100K to $120K. That means you might not have to come out of pocket for much more than you would a SoCal rental with it's lower PERCENT down payment.   And, of course, the big advantages of the out-of-state rental are low purchase prices, high rents, advantageous LL-tenant law, your property is already renovated or brand new, and it is turnkey PMed if you so choose.   That's exactly why a lot of people are choosing out-of-state properties at GREMarketplace.    Those are some of the major trade-offs, Connor. Thanks for the question.   The next question comes from Jesse in Reno, Nevada.   “With high inflation for two years and cyclical trends entrenched, more nations making foreign trade deals outside of the dollar, and the Treasury printing dollars like mad, I cannot believe the price for a shopping cart full of groceries at Safeway any more. Are we headed for a hyperinflationary period within the next decade?”   Well, that's an interesting question, Jesse. Inflation is an awful malady that disproportionately affects the lower classes more than the upper classes.   But do I believe that there's any significant chance of hyperinflation in the next decade, Jesse? Let me answer that.   Now, first of all, a lot of people - not necessarily you, Jesse - but a lot of people throw around the term “hyperinflation” without really knowing what it means at all.    A consensus of economists define HYPERinflation as an inflation rate of 50% or more every month. Yes, month.    With compounding, that would be inflation of more than 600% per year, not the… closer to 6% CPI inflation that we've had lately.   We could very well have longer-term waves of RECURRING inflation.   In America, our debt-to-GDP ratio is high. It's about 120% right now. Back in 1990, it was just 55%.   Now our debt-to-GDP ratio also hit 120% back in the 1940s, but that was as a result of us having to pay for WWII. And the productivity of the 1950s quickly brought the ratio down.   Here's the problem. Today's 120% is not due to war; it's due to all these politicians' various accumulated promises over time.    That includes CONTINUOUS military spending.   And you know, historically, every fiat currency ends with the END of that currency. Every single one goes to die. The British pound is the world's OLDEST currency in use today.   But to get hyperinflation, it generally takes two key factors:   First, a nation needs to have debts denominated in a currency that that nation can't print.    Now, for emerging markets, its often dollar-based debt that they have and those nations can't print dollars.    100 years ago, Weimar Germany had gold-based war reparations. That was their problem.    You cannot print gold, so they printed MASSIVE amounts of their currency. In more modern times, Venezuela and Zimbabwe experienced hyperinflation.   The second key reason hyperinflation occurs is when there's no foreign demand for your currency… so you hyperinflate it.   So, to create hyperinflation, it takes a tremendous amount of printing… plus no demand for that currency.    The US still has foreign demand for our dollar and there's a lot of debt denominated in the dollar globally. That represents demand for it.   Since the US can print its own currency, we're not very likely to default on our total of $32T debt at all.    We're motivated to let inflation keep running, at whatever fluctuating rate, Jesse.   So to answer your question, Jesse, no. No hyperinflation in the US in the next decade.   And as far as the prolonged elevated inflation that we're having, as a listener, I think you know how to beat that by now. Own real assets.  If you own a house, have a 30-year mortgage. Don't have it “paid off”. You need a mortgage to benefit most. Thanks for the question, Jesse.   Our last question comes from Zack in Claremore, Oklahoma. Zack asks:   Keith, is there such a thing as being “OVER leveraged?” Would you finance everything you can as long as you can create arbitrage?   Great question, Zack. The short answer is, “Yes, I would. I would finance everything up as much as I could without being overleveraged.”   Now, what “overleveraged” means IN GENERAL - out in the larger business world is that you've borrowed too much money in relation to your ability to pay it back.   In real estate, being overleveraged means that you take on so much debt that you can't make your monthly payments on your principal, interest, and operating expenses.   As long as my properties are cash flow positive, even by a little margin, I have found no limit as to how much I would finance, Zack.   Let me use an example. Say that you buy a rental duplex with $4,000 of monthly rent income. Your mortgage and all of your long-term operating expenses are $5,000, leaving you with a NEGATIVE cash flow hole of $1,000 every month.    A $1,000 per month hole is a $12,000 each year hole that you've dug.    If you're financially precarious elsewhere, that can be a difficult hole to fill in and you could descend into delinquency when you miss your first payment, then deeper into foreclosure when you're several months behind, then the bank takes over your property.    You lose your property, lose your credit score, and lose the ability to get new loans for years. You were overleveraged.   You've borrowed too much money in relation to your ability to pay it back since your rent income was $4,000 and expenses were $5,000.   Well, when you buy right, that's not likely to happen. First of all, your mortgage loan underwriter is going to check that you have enough income and enough reserves to meet their qualification standards before you can get the mortgage in the first place.    That's a check against becoming overleveraged, yet things could still go wrong.   For one thing, with FHA loans, your debt-to-income ratio can be an eye-popping maximum of 57% and you can still qualify for the loan.   But you're usually going to be buying your out-of-state rental property with a CONVENTIONAL loan.   Now, INSTEAD of becoming overleveraged, you would buy in the opposite scenario, projecting positive cash flow from day one.   On your duplex instead, if you had just $4,200 of rent income and $4,000 of expenses, you've got just $200 of cash flow, but that is a cushion.   And like I've described on previous episodes, historically your rent income rises faster than your expenses since your mortgage P & I payment stays fixed.   That's why, over time, you often widen that delta from +$200 cash flow so that it just keeps widening to a greater & greater cushion.   So, to review, you're unlikely to find yourself overleveraged if your income exceeds your expenses on day 1, when you have predominantly FIXED RATE LOANS…   … and then another measure of protection is when you own properties in multiple job growth markets - in multiple STATES even - you're better protected against any changes in the law or regulations or changes in that region's economy or even any detrimental disruption to your PM in each of your chosen investment areas.   I dislike overleverage. But I do like HIGH leverage. Because leverage makes compound interest feel really slow.    It is best to FINANCE your properties, even though mortgage rates aren't as low as they were two years ago.    Look at it this way. With 20% down, you could buy five financed properties instead of one all-cash. Over time, five properties appreciating will build you more wealth than one appreciating.   If the properties don't cash flow with 20% down, then get three with 33% down on each. That'll accelerate your wealth-building & help you control the mortgage.   Then… if rates go down, you can still refinance. If rates don't go down, you'll be glad that you bought multiple properties instead of one.   Thanks for the question, Zack.   I hope you enjoyed listener questions today. I hadn't done them for a while. If you did, please, go ahead and tell a friend about the show.   Also, if you've ever wanted to tell me what you think about the show… there's a great way for you to do that & I will see it and read it myself.    You know, I recently learned that in Apple Podcasts Germany, we only have 3 podcast reviews in that entire nation on that platform.    And that prompted me to ask you - whatever nation you're in, to please, you don't have to, but if you'd be so kind, leave a podcast review.    When you do that, it not only helps our show reach more people, but, I do actually read your review of the show, so I get that feedback.   So if you like what I'm doing here, I'd be grateful if you went ahead, and whatever your podcast platform is…   …Google “how to leave an Apple podcasts review” or “how to leave a Spotify review” and go ahead an do that - leave a rating & review for the Get Rich Education podcast and I'd be grateful.    I hope you found one or more listener questions today that really relate to you or your interests, or YOUR unlimited wealth-building potential. Thanks in advance for telling a friend about the show, and for your rating & review.   Until next week, I'm your host, Keith Weinhold. Don't Quit Your Daydream.  

Lifetime Cash Flow Through Real Estate Investing
Ep #814 - MFRS - From House Hacking to Multifamily Success

Lifetime Cash Flow Through Real Estate Investing

Play Episode Listen Later Apr 17, 2023 33:36


Mike is a highly successful real estate investor,  he shares his journey from flipping over 70 houses by the age of 29 to creating multiple multi-million dollar companies in the industry. Mike is known for his creative financing strategies and profitable investments in commercial real estate, apartments, and self-storage. In this podcast, he'll share his insights and practical tips for achieving success in the real estate world.   Here's some of the topics we covered:   Switching From House Hacking to Multifamily Real Estate Single Family Skills that Transition To Multifamily The Benefits of Direct To Seller Marketing Mike's Experience With Mailers The Size of Deals That Make Sense To Take On Giving Without The Expectation of Receiving Advice For People Who Are Afraid of The First Deal To Apply for The Warrior Program: Text CRUSH to 72345 and we'll help you crush it in this business. Please Review and Subscribe  

Millennial Investing - The Investor’s Podcast Network
REI178: A Masterclass in Canadian Real Estate w/ Nick Hill and Dan Foch

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Apr 10, 2023 46:08


Patrick Donley sits down with Nick Hill and Dan Foch from The Canadian Real Estate Investor podcast to discuss how they got their start in real estate, how their partnership developed, what's happening in the Canadian real estate markets, what they see unfolding in the coming years and how to profit, and why it's important to understand where we are in the debt and market cycles.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:27 - How both Nick and Dan got their start in real estate.06:05 - Why their podcast is more data driven.12:50 - What information we need to be gathering as investors.14:48 - How their partnership developed.14:48 - What their current portfolio strategy looks like.28:30 - Who their real estate heroes are.29:57 - What trends do they see unfolding in the coming years and how to take advantage of them?30:02 - What's unfolding in the Canadian real estate markets.34:13 - Why it's important to understand where we are in The Fourth Turning.36:56 - How the current macro environment is affecting their strategies.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Hillybilly Elegy by J.D. Vance.The Canadian Real Estate Investor Podcast.Zeckendorf by William Zeckendorf.Rental Property Investing by Brandon Turner.The Fourth Turning by William Strauss and Neil Howe.How the Economic Machine Works by Ray Dalio.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Instead of trying to time the market or pick single stocks, automate your investments and invest in a variety of companies with Betterment.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Dan: Twitter | Website | LinkedInConnect with Nick: Twitter | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millennial Investing - The Investor’s Podcast Network
REI177: Building Wealth One Deal at a Time w/ Patrick Donley

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Apr 3, 2023 58:18


Patrick Donley sits down with Nick Hill and Dan Foch from The Canadian Real Estate Investor podcast where they interview Patrick on how he got started in his real estate investing career, his real estate investing strategies, the pros and cons of running a fix and flip business, why he is transitioning from residential to commercial RE, and what he's learned being the co-host of The Real Estate 101 podcast.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:46 - How his first real estate investments went.03:58 - What Patrick learned growing up in a real estate family.27:08 - What the pros and cons of fix and flips are.21:46 - How his real estate strategies have evolved over his career.31:33 - How he is financing his deals.31:33 - How he is transitioning from residential to commercial real estate investing.39:18 - Why he decided to focus on just one niche in just one area.39:18 - What it has been like hosting the Real Estate 101 podcast and his top guest takeaways.42:56 - What his most complicated renovation project looked like.01:00:10 - What his best investment has been.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Hillybilly Elegy by J.D. Vance.The Canadian Real Estate Investor Podcast.Rich Dad Poor Dad by Robert Kiyosaki.Cashflow Quadrant by Robert Kiyosaki.Confessions of a Real Estate Entrepreneur by James Randel.Berkshire Hathaway Letters to Shareholders by Warren Buffett.Richer, Wiser, Happier by William Green. NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Dan: Twitter | Website | LinkedInConnect with Nick: Twitter | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Real Estate Queens Kings and Tings
Building an Empire: From House hacking to 165 apartments w/Eddie Symmonett

Real Estate Queens Kings and Tings

Play Episode Listen Later Mar 29, 2023 64:57


Join us this week as we talk to Eddie Symmonett, a successful 28-year-old real estate entrepreneur originally from the Bahamas and currently residing in Alabama. In this podcast episode, Eddie shares his inspiring story of how he went from house hacking to owning over 165 apartments and counting. Eddie's journey started with his first investment in a duplex, which he lived in while renting out the other unit. From there, he utilized mortgage syndicates to rapidly scale his real estate empire. His unique approach and impressive achievements make him an excellent role model for anyone looking to enter the real estate industry. Tune in to this episode to learn more about Eddie's strategies, the challenges he faced, and how he overcame them to achieve success. Discover how his experience and expertise can help you reach your own real estate goals. ________________________________ Eddie Symmonette YOUTUBE: www.youtube.com/@eddiesymmonett INSTAGRAM: @Eddiesymmonett 205-393-5066 esymmonett@gmail.com ________________________________ REAL ESTATE QUEENS KINGS AND TINGS Email your questions to REQUEENSKINGSANDTINGS@gmail.com HOSTS: Ashley, Dana, Krystal, and Xandrea Like and Subscribe on all platforms: YOUTUBE SPOTIFY ANCHOR APPLE AMAZON STICHER

Real Estate Maximalist
94: House Hacking, Subject To and Finding Buyers on Facebook with Hunter Gore!

Real Estate Maximalist

Play Episode Listen Later Mar 29, 2023 25:13


This might be surprising but real estate investing isn't Alan's favorite topic of discussion... Alan's favorite topic of discussion is real estate investing while BROKE which makes today's episode an exciting one! Alan sits down wit Hunter Gore, a real estate agent-turned-investor who started house hacking a year and a half ago using one of Alan's favorite loan products, the FHA loan.  After the real estate bug bit Hunter, he did what every other investor does and started looking for more properties but quickly ran out of money. Like most successful investors, Hunter had to use the BROKE Method and find ways to get creative in order to continue to grow his real estate portfolio. You'll even hear how he hit a home-run on Facebook Marketplace! Follow Hunter on Social Media: @TheHunterGore Follow Alan on Social Media: @RealEstateMaxi Work with Alan: realestatemaxi.com Get a free share on FINTOR when using @RealEstateMaxi Get a free mortgage consultation with Jasmine Mortgage Team Check out Stacking Deeds, Hosted by Alan Corey and Crystal Hammond! 

Investories - real estate, investing and mindset
Tuesday Tekkers: Katie Neason breaks down how she analyzes deals, runs the numbers, develops strategy and pivots - featuring; BRRRR, house hacking and creative and seller financing

Investories - real estate, investing and mindset

Play Episode Listen Later Mar 28, 2023 28:59


Welcome to Investories Deep Dive Season 1: Creative Financing  We're breaking down the strategies to empower your Real Estate investing journey.  Season 1 is all about creative financing. The who, the what, and importantly the how.  Creative financing isn't just seller financing, and we're going to dive into it all, from subto, to hard money.   This week Investories is speaking to Katie Neason, a real estate entrepreneur, active investor and redeveloper. Starting out investing in 2006 buying a one-bedroom condo for $17,000, and house hacking of a horse barn! Today, Katie's vision and passion has expanded beyond flipping houses to include reviving dilapidated and abandoned buildings in and around the city center of her hometown of Bryan TX, redeveloping city lots to construct beautifully designed mixed use buildings. Katie's portfolio includes over 56,000 square feet of office, retail, and residential space, with an additional 20,000 square feet in the design phase and another 30,000 square feet in the acquisition phase. Investories: YouTube: https://www.youtube.com/@investoriespodcast7744 Tik Tok: https://www.tiktok.com/@investoriespod Instagram: https://www.instagram.com/investoriespod/ Email: investoriespodcast@gmail.com Katie Neason Website: https://katieneason.com/ Instagram: https://www.instagram.com/katiedevelops/ Kyle: Facebook: https://www.facebook.com/yourmultifamilymentor Instagram: https://www.instagram.com/your_multifamily_mentor/?hl=en John:  Instagram: https://www.instagram.com/hoopeezy/?hl=en Airbnb: https://airbnb.com/h/ponderosapinehaus  

Clipping Chains Podcast
Brent Barghahn: Real Estate Investing and the Future of Home Ownership

Clipping Chains Podcast

Play Episode Listen Later Mar 27, 2023 79:25


Today on episode 59 I'm pleased to host Brent Barghahn, a 29-year-old elite climber who used real estate investment as a way to effectively “retire” from his career as an engineer in the outdoor industry in his late twenties.Brent and I discussed a fascinating reality on the idea of dream jobs, the growing trend of short-duration careers (and what that means for society), and of course many details on Brent's path to financial strength and community building through his preferred method of real estate investment. Of course, though, I wanted to discuss the stark differences in today's high interest rate and sky-high price environment, which has changed markedly in the last year. It begs the question: can someone still be successful as a real estate investor today? I have my concerns, so we aired out some of them in today's episode.Finally, we take an interesting look at the realities of full-time climbing and why Brent has found he needs more. Also, Brent and I admittedly harbor negative sentiments on the world of social media, especially in climbing. What narratives and stories are being missed by the modern form of shallow media consumption? Support this project: Buy Me a CoffeeGet the newsletter: SUBSCRIBE ME!Show Notes and Links at Clippingchains.com

Millennial Investing - The Investor’s Podcast Network
REI176: Lessons from a Serial Entrepreneur w/ Levi Benkert

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 27, 2023 65:17


Patrick Donley sits down with Levi Benkert, who is the CEO of Harbor Capital. Levi shares his incredible journey in life and real estate, they also dove into some of his many business ventures, his experience moving to Ethiopia and starting a non-profit along with several other businesses.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:14 - Why Levi may be the most interesting man on RE Twitter.04:12 - How he bypassed college and went right into entrepreneurship.18:44 - How he had a big gain from buying an expensive home with 5 acres and subdividing it.18:44 - What the 2008 Great Financial Crisis was like for him.24:07 - What his first fix and flip at 18 was like.38:56 - Why he and his family choose to start a non-profit in Ethiopia?38:56 - How he launched several successful businesses in Ethiopia.48:33 - Why he returned to Texas to launch Harbor Capital and focus on industrial real estate.59:31 - How that large gain led to further land development deals.60:44 - What building and running an Airbnb house has been like.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Richest Man in Babylon by George Clason.Rich Dad Poor Dad by Robert Kiyosaki.Titan by Ron Chernow.Shoe Dog by Phil Knight.Essentialism by Greg McKeown.No Greater Love by Levi Benkert.The Cashflow Quadrant by Robert Kiyosaki.Who Not How by Dan Sullivan.Traction by Geno Wickman.Richer, Wiser, Happier by William Green. NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Levi: Twitter | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Investories - real estate, investing and mindset
Monday Mindset: Katie Neason talks finding your vision and your passion, house hacking, building communities, quitting your w2 and living in abundance

Investories - real estate, investing and mindset

Play Episode Listen Later Mar 27, 2023 24:53


Welcome to Investories Deep Dive Season 1: Creative Financing  We're breaking down the strategies to empower your Real Estate investing journey.  Season 1 is all about creative financing. The who, the what, and importantly the how.  Creative financing isn't just seller financing, and we're going to dive into it all, from subto, to hard money.   This week Investories is speaking to Katie Neason, a real estate entrepreneur, active investor and redeveloper. Starting out investing in 2006 buying a one-bedroom condo for $17,000, and house hacking of a horse barn! Today, Katie's vision and passion has expanded beyond flipping houses to include reviving dilapidated and abandoned buildings in and around the city center of her hometown of Bryan TX, redeveloping city lots to construct beautifully designed mixed use buildings. Katie's portfolio includes over 56,000 square feet of office, retail, and residential space, with an additional 20,000 square feet in the design phase and another 30,000 square feet in the acquisition phase. Investories: YouTube: https://www.youtube.com/@investoriespodcast7744 Tik Tok: https://www.tiktok.com/@investoriespod Instagram: https://www.instagram.com/investoriespod/ Email: investoriespodcast@gmail.com Katie Neason Website: https://katieneason.com/ Instagram: https://www.instagram.com/katiedevelops/ Kyle: Facebook: https://www.facebook.com/yourmultifamilymentor Instagram: https://www.instagram.com/your_multifamily_mentor/?hl=en John:  Instagram: https://www.instagram.com/hoopeezy/?hl=en Airbnb: https://airbnb.com/h/ponderosapinehaus  

ChooseFI
430 | Mindset, Financial Independence, and Real Estate | The FI Couple

ChooseFI

Play Episode Listen Later Mar 27, 2023 53:15


In this episode: early financial conversations, what you truly value, house hacking, and the psychology of FI. It can be scary to have to acknowledge the reality of your financial situation, especially if you feel you do not have the financial literacy to proceed with confidence. However, setbacks and failures can often be blessings in disguise. This week we are joined by The FI Couple to discuss the importance of perseverance and flexibility in the face of uncertainty, as well as the strength that can come from a united front. The journey to FI is deeply nuanced, and never perfect. While you may find yourself wanting to make your journey as optimal and expedited as you can, we know that life sometimes happens and your journey can be far from perfect. However, sometimes when we find ourselves at “rock bottom” and it seems like everything in our world is against us. Rather than feel defeated, allow the setbacks to act as momentum to charge ahead as you re-align and re-adjust!  The FI Couple: Website: theficouple.com Socials: @theficouple Timestamps: 0:49 - Introduction/The Early Days 2:05 - Early Financial Conversations 11:03 - Discovering What You Truly Value 21:28 - Bouncing Back After A Layoff 26:06 - Entrepreneurship 30:10 - House Hacking 38:34 - The Off Market/Solving Problems 43:13 - The Single Family Home/The Psychology Of FI 48:29 - The Season Of Hustle 51:56 - Conclusion Resources Mentioned In Today's Episode: Dominick Quartuccio Scott Trench Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance  

The Chris Hogan Show
I Want To Try House Hacking… Should I?

The Chris Hogan Show

Play Episode Listen Later Mar 24, 2023 8:32


Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child's future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

BiggerPockets Money Podcast
395: Finance Friday: House Hacking, Side Hustles, and the Path to FI by 45

BiggerPockets Money Podcast

Play Episode Listen Later Mar 24, 2023 55:55


Want to hit FIRE? You'll need a smart side hustle. We're talking about income-doubling, cash-printing, serious side businesses that will allow you to leave your job and grow a substantial income stream, so you can invest the rest andreach the early retirement you've dreamed of. And for today's guest, Alex, this is exactly the goal. Alex left college and went straight into the corporate world, only to realize that her potential wasn't being met and there were alternative income goldmines that she could be chasing. So, she got her real estate license as a side hustle, helping buyers and sellers get into and out of homes. Her commissions boosted her income to unforeseen amounts, and now, Alex is sitting on a stack of cash that could help launch her to financial independence. But, even now, with a better job and a serious side hustle, Alex wants to venture deeper into the entrepreneurial realm. The next big dream? Becoming a financial coach for those that want to be in her position. But, before she starts, Alex needs help figuring out what to do with the savings account she's been diligently growing. Should she use it to put twenty percent down on a house hack that would limit her living expenses? Or, is there a savvier, more creative way to finance her next property that could put Alex in a FAR better position? If you're trying to hit FI before, after, or at forty-five, this episode is one you can't afford to miss! In This Episode We Cover Starting your side hustle and boosting your income by turning extra time into money Creative financing and how to buy your first property at a rock-bottom mortgage rate How to know if you have too much cash (and what to do with it) HSAs, IRAs, 401ks, and other retirement accounts you should be throwing cash at  Becoming a real estate agent and whether or not it's worth it for the commission checks Designing the perfect portfolio for early retirement (even if you're just getting started) House hacking and how to use your primary residence to generate passive income And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Scott's Instagram Mindy's Twitter Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Check Out Mindy's 2022 Live Spending Tracker and Budget Money Moment Finance Friday: Why “Doing Everything Yourself” is Costing You THOUSANDS How to Make Extra Money in 2023: 21 Ideas for Part-Time Gigs & Side Hustles From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street Click here to check the full show notes: https://www.biggerpockets.com/blog/money-395 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real Estate Investing Mastery Podcast
House Hacking 101: The Magic of Duplexes with Jim Park » 1220

Real Estate Investing Mastery Podcast

Play Episode Listen Later Mar 22, 2023 40:46


Crazy stuff is happening in our economy today, including big bank collapses. A lot of people are freaking out, but I'm happy to be here. Having multiple streams of income and working for myself allows me to follow the opportunities and adjust during times of crisis. Wealth and money never disappear, they just transfer. One thing I love about real estate is that whenever something's not working in the market, that means something else is. Jim Park is doing something really cool with vacant land: he's buying up property and putting duplexes on them. He's pre-selling them and there's a huge demand, especially in Florida where he's most active.Jim started out back in 1994 in California as a mortgage broker and he had a nice run in the industry. When the market crashed, he burned out and started to focus more on digital marketing. Jim eventually got into the duplex model and has been seeing massive success with his strategy. Jim and I discuss how his strategy solves both investor and buyer problems in today's market and why there's such a huge demand for duplexes. Right now, there's a small window of opportunity and it might be the perfect time for you to jump in.What's Inside:—Jim's house hacking strategy with vacant land and duplexes.—Why there's so much current demand for duplexes.—How to get in touch with Jim for more info.

Millennial Investing - The Investor’s Podcast Network
REI175: An Insider's Guide to Airbnb w/ Taylor Jones

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 22, 2023 63:40


Patrick Donley and Taylor Jones talk all about Airbnb rentals and how Techvestor is making it easier to invest in the space without all the headaches of owning and operating your own short-term rental. Taylor is the head of acquisitions for Techvestor.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro05:23 - What the three skillsets you need to be excellent at Airbnb.05:23 - How the right amenities can make a huge difference in revenue.07:10 - What Taylor's first Airbnb personally looked like.13:56 - How dynamic pricing strategies work to maximize revenue.17:00 - Steps to take for your first Airbnb listing.29:43 - What some of the common pitfalls that trip people up on Airbnb investments.36:37 - How Techvestor is uniquely organized to capitalize on the Airbnb trend.44:48 - Why it is important to get the acquisition price right and how to do it.58:01 - What Taylor thinks about the murmurings of an Airbust.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Good to Great by Jim Collins.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.Related episode: Listen to TIP503: The Story of Airbnb and Brian Chesky, or watch the video.Related episode: Listen to REI077: Masterclass in Self-Storage w/ Nick Huber, or watch the video. NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Taylor: Twitter | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millennial Investing - The Investor’s Podcast Network
REI174: Mastering Mindset for Real Estate Success w/ John Plumstead

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 20, 2023 64:09


Patrick Donley sits down with John Plumstead, who is a full-time real estate professional and owner of Gray Line Investments. They talk about what he learned from teaching at West Point's Center for Enhanced Performance on how to develop and master a mindset for real estate success. How John set a goal to be on the Army football team and became captain of the team.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro06:34 - How John set a goal to be on the Army football team and became captain of the team.20:45 - Why owning and operating an ice cream store provided a priceless education.35:04 - Why having a little bit of a chip on your shoulder can be a good thing.36:17 - Why he and his partner decided to focus on self-storage.36:18 - What he learned about mindset and overcoming mental barriers while teaching at West Point's Center for Enhanced Performance.41:51 - What real estate books he would use to teach a West Point real estate class.53:40 - What his goals are for his company, Gray Line Investments.1:00:49 - What his top tips are for mastering a winning mindset.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.The Book on Rental Property Investing by Brandon Turner.The 4-Hour Work Week by Tim Ferriss.The Dhandho Investor by Mohnish Pabrai.The Investor's Guide to Growing Wealth in Self Storage by AJ Osborne.The Commercial Real Estate Playbook — John's podcast.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.Related episode: Listen to REI153: 1300 Units in 21 Months w/ Sultan of Storage, or watch the video.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with John: Twitter | LinkedIn | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Pillars Of Wealth Creation
POWC #567 – Military House Hacking with Eric Upchurch

Pillars Of Wealth Creation

Play Episode Listen Later Mar 15, 2023 39:09


Military people have a huge advantage with real estate investing. Eric Upchurch shows you these advantages today. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Eric Upchurch is an Army Special Operations veteran who has a passion for educating the military community on how to create long term wealth through real estate investing. He has invested in over 2,400 multifamily, storage, mobile home park and student housing units as a General Partner over the last decade with involvement in sourcing, capital raise, risk capital, asset management, investor relations and as Key Principal. While serving our nation, Eric completed 5 combat deployments, and earned a Master's Degree in Aeronautical Science while managing a 27-man squad, deployed around the globe. Eric now serves as Co-Founder of Active Duty Passive Income (ADPI) and is a Senior Managing Partner with ADPI Capital. Eric resides in California with his wife of 18 years and two boys. 4 Pillars Learn all you can Network your butt off Add value Take action Books: Can't Hurt Me by David Goggins You can connect with Eric at eric@activedutypassiveinvesting.com or eric@ericupchurch.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

Millennial Investing - The Investor’s Podcast Network
REI173: The Power of Cost Segregation w/ Yonah Weiss

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 15, 2023 57:23


Yonah Weiss does a deep dive on cost segregation. As business director at Madison SPECS, a national cost segregation leader, he's assisted clients in saving hundreds of millions of dollars on taxes through cost segregation.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro08:02 - What his early career was like as an educator.09:32 - How he transitioned in his 30's to real estate after his teaching career.23:42 - Why fix and flips weren't for him.24:09 - Why he feels your network is your net worth.37:49 - How he became an expert in cost segregation.37:49 - What cost segregation is and the tax savings it can generate.54:31 - How bonus depreciation works and how the IRS will treat it in the coming years.56:40 - How he continues to give back and teach through social platforms and his podcast.01:03:11 - What the most impactful book has been for him.01:03:22 - How he views success.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRelated episode: Listen to: REI120: Tax Strategies for Real Estate Investors w/ Amanda Han, or watch the video.Weiss Advice Podcast.Robert's book The Everything Guide to House Hacking.The 7 Habits of Highly Effective People by Stephen Covey.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Yonah: Twitter | LinkedIn | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millennial Investing - The Investor’s Podcast Network
REI172: Preserving the Past Using Historic Tax Credits w/ John Blatchford

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 13, 2023 61:10


Patrick Donley chats with John Blatchford, who is the founder of Kunst, which is a developer of properties built in the 1800s. He shares his thoughts about how he got started in the preservation of historic buildings and the advantages of using historic tax credits to improve his returns.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro11:50 - Why he decided to leave his W-2 job to pursue real estate full-time.15:37 - How he learned about the advantages of historic tax credits.25:00 - What the business model is for his company, Kunst.36:45 - What the process is like for applying for historic tax credits.39:14 - How John got his start in historic buildings by purchasing a $5000 building in Cincinnati.45:00 - What his tech stack looks like to operate his business.45:00 - Where and how he raised the initial capital to fund his projects.49:28 - What his best advice would be for someone interested in real estate development.56:32 - How his love of pickleball developed. And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.How to Win Friends and Influence People by Dale Carnegie.War of the Worlds by H.G. Wells.Richer, Wiser, Happier by William Green.Related episode: Listen to REI155: Building a Boutique Property Empire w/ Moses Kagan, or watch the video.Related episode: Listen to REI159: From Receptionist to Urban Infill Developer w/ Sean Sweeney, or watch the video.Related episode: Listen to REI164: Intelligent Design w/ Bobby Fijan, or watch the video. NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with John: Twitter | LinkedIn | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

More Than That with Gia Peppers
House Hacking Ingenuity f. Carmeon Hamilton & Jewel Pearson

More Than That with Gia Peppers

Play Episode Listen Later Mar 11, 2023 19:52


These days, everything costs too much. And as the cost of living goes up, more people are looking for creative ways to keep more money in their pockets.Jewel Pearson and Carmeon Hamilton join us on this episode to talk about how DIYing and tiny homes allow us to reimagine where we live, so we can transform them into spaces we love.Resources:Tiny House TrailblazersThe Bohemian BrandWork With Carmeon

Millennial Investing - The Investor’s Podcast Network
REI171: The Journey to Early Retirement w/ Dave from Side Hustle Houses

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 8, 2023 62:45


Patrick Donley sits down with Dave from Side Hustle Houses on real estate Twitter, to talk about his journey to early retirement through building out his real estate portfolio. Learn the steps Dave has taken to grow his portfolio from an initial house hack to five rentals on an educator's salary, and more. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro02:10 - How Dave first got turned on to the concept of financial independence.07:52 - What resources he turned toward to learn about investing and real estate.12:50 - How he got his start with a house hacking investment.17:59 - How he has built his portfolio on an educator's salary.19:08 - How he is self-managing the properties and his philosophy of being a great landlord.42:48 - What the impact Twitter has played on his growth and learning.44:26 - What his ultimate goals are for his portfolio and what he needs to retire.49:55 - What his five golden value boosters he does to any property.01:03:36 - How he is planning to spend his time once he hits FI.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Your Money or Your Life by Vicki Robin and Joe Dominguez.Losing My Virginity by Richard Branson.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green. NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Talk to your clients about Desjardins Responsible Investment today and support what's right for society and what's good for business.Let an expert do your taxes from start to finish so you can relax with TurboTax.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Dave: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millennial Investing - The Investor’s Podcast Network
REI170: Transforming Spaces w/ Antonia Botero

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 6, 2023 82:39


Patrick Donley chats with Antonia Botero, who owns The MADDPROJECT, a boutique real estate project management and consulting firm. She talks about her fascinating journey from Columbia to the U.S., how a robotics club taught her many important life and entrepreneurial lessons, what her journey in academia was like, and much more!IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:26 - What it was like growing up in a rea