Podcasts about income properties

Hey friends! We are welcoming back our friends Jenn & Joe Delle Fave this week to dive into the world of creative financing with a focus on wrap mortgages—a strategy gaining traction in today's high-interest market. We're breaking down how wrap mortgages work, their historical roots, and why they're making a comeback.We walk through a real-life deal to show how this strategy plays out in practice, highlighting the critical role of seller motivation and flexible deal structuring, and share tips on finding and vetting tenant buyers, marketing properties as rent-to-own, and using non-refundable option deposits to secure committed buyers.From single-family homes to high-end properties, this episode reveals how creative financing can open up new, profitable paths for investors—especially when paired with patience, strong negotiation, and a solid network.Check out Jenn & Joe's previous episodes:Episode 35Episode 36Episode 37Episode 38If you're ready to think outside the traditional lending box, this episode is a must-listen!  Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back, friends! This week, we dive deep into the fundamentals of Limited Liability Companies (LLCs) and why they matter for real estate investors. Whether you're just starting out or scaling your portfolio, understanding how to properly use an LLC is key to protecting your assets and building a strong foundation.We're debunking common myths—like the belief that forming an LLC automatically makes you a business owner or offers bulletproof protection—and explaining why careless mistakes can still leave you personally liable. One key topic we cover in this episode is "piercing the corporate veil," where mismanagement (like co-mingling funds or using incorrect signatures) can strip away an LLC's legal protections.Lastly, we also share real-life lessons from transaction missteps and offer actionable tips: keep business and personal finances separate, use proper documentation, counter-sign leases, and file biennial reports to stay compliant. Walk with us as we even break down structuring strategies, like separating active and passive income and considering an S-Corp or series LLC, depending on your goals and state laws.Want the deets on our 1:1 consulting program—designed to empower women to confidently transition into full-time real estate investing? Click here for more information.Tune in to learn how to protect your assets, avoid costly mistakes, and start treating your business like a business.  Resources:Simplify how you manage your rentals with TurboTenantGet the deets on our 1:1 consulting programGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram 

In this episode of the podcast, we're welcoming Amy Mahjoory, a real estate investor and expert in raising private money. Amy shares her journey from corporate life to real estate investing, highlighting the power of networking and rapport-based lending. Amy emphasizes that raising private money is all about relationships—investors are more likely to fund deals when they trust you and your strategy. She shares practical advice on securing loans with promissory notes, managing finder's fees, and proactively communicating with lenders to build credibility.Amy also introduces RPM, a tight-knit community of investors actively raising private money. Whether you're just starting or looking to scale, this episode is packed with actionable insights to help you secure funding and grow your real estate business!  Resources:Simplify how you manage your rentals with TurboTenantConnect with Amy on InstagramGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this week's podcast episode, we sit down with Sara Capra, product manager at TurboTenant and a dedicated real estate investor. Sara shares her journey into real estate with the purchase of her first property during the pandemic. Since then, she's embraced both the challenges and triumphs of being a landlord, learning valuable lessons along the way.Sara highlights how refinancing her property to secure a lower interest rate played a key role in boosting profitability. She emphasizes the importance of a thorough tenant screening process, as well as the efficiency gains that come with using property management software like TurboTenant. Sara explains how the right tech stack can transform property management from automating rent payments to staying compliant with evolving regulations.The episode also explores best practices for evaluating property performance, using checklists for routine management tasks, and the strategic decision to sell underperforming properties. For both new and seasoned investors, Sara's insights underscore the power of automation and early planning in building a scalable, stress-free rental business.Tune in to hear how tech and strategy intersect in real estate investing, and why TurboTenant might just be your next secret weapon.  Resources:Simplify how you manage your rentals with TurboTenantConnect with Sara via emailGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Unlock the Wealth-Building Secrets of Real Estate Investing! Learn how strategic real estate investing can dramatically transform your financial future. Discover the Revolutionary "5 Ways You Get Paid" Strategy, updated for today's times: Appreciation: Turn a 5% property value increase into a potential 20% return Cash Flow: Generate steady monthly income from tenants Return on Amortization (ROA): Let tenants build your equity for you Tax Benefits: Enjoy generous government incentives for providing housing Inflation-Profiting: Transform economic challenges into your personal wealth generator  Key Highlights: Potential 38% first-year return on investment No special certification or license required Ethical wealth-building using other people's money Proven strategy for creating generational wealth Simple, accessible investment approach for ordinary people Your wealth-building journey starts today! Share the wealth by sharing this episode with a friend. Free Resources: Connect with a free GRE investment coach at GREinvestmentcoach.com Download the infographic gift summarizing the five ways real estate pays here. Show Notes: GetRichEducation.com/550 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad 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 Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, real estate pays five ways updated for today's times, even with conservative assumptions, watch your total return from real estate climb to great heights today. You'll understand what billionaire real estate investors don't understand a new free audio course today on get rich education.    Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show, guess who keep top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Speaker 1  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from Belgrade, Serbia to Bellingham, Washington and across 180 nations worldwide. I'm Keith weinholder. You are back inside get rich education. Today you're going to understand real estate investing really well, probably better than anyone that you know, in less than an hour. Now, before I begin investing in real estate, I seriously wondered how in the world it could possibly be a lucrative investment vehicle. I mean, like, how would that even work? Because you've got this physical structure where elements wear down the outside, tenants wear down the inside, and the whole thing only appreciates it about 5% a year. Yawn. That is really boring. Well, later I would start to put the pieces together. And actually didn't really understand leverage in cash flow until after I had bought my first rental property, I became the person, however, to coin the real estate pays five ways concept, and I discussed that years ago on the show here, and now I have updated it for today's times. So the principles remain the same, but the numbers are different. That's because today, cash flows are lower and interest rates are higher than they were five and 10 years ago. So let's see what total rate of return we come up with today, and just how we get there. And on the way, you'll see even more evidence of why compound interest does not build wealth, and getting your money to work for you doesn't build wealth either. And to say that is total heresy. In a lot of financial circles, you'll clearly see how real estate has really made more ordinary people wealthy than anything else. This is course level instruction, and you're getting it all free right here today as part of one of our weekly episodes. This will help you retire earlier than you ever imagined, or just find the time for yourself to become the best version of yourself. Now, for long time, listeners, I've got to tell you first, much of today is going to sound like a review, but I've got a really surprising twist at the end here, in the fifth of five ways that you're paid, I also have a free gift to give to you and to all listeners today. And this is not in any way, replay of old material. It's not AI generated. It never is. It is me talking to you updated for today's times. And this is we're about to get started. This is just with simple buy in hold real estate. So you don't even have to be a house flipper or a wholesaler or a landlord, and you can just use normal 30 year mortgage loans. And as we see, it doesn't even take a ton of money. These are fundamental wealth building attributes that lay people don't understand and will change your life. I mean, more than 95% of real estate investors don't even understand what I'm about to share. We're going to calculate your rate of return from each of the five ways we'll calculate, then your cumulative return on investment until it builds up and culminates. In your total return at the end today, and I'll tell you anything less than a 20 to 25% total return in this buy and hold real estate is actually disappointing, and you don't even need to take on inordinate risk. But you'll see the exact percentage that we get up to today, and how it gets even higher than 20 to 25% I mean, this is how real estate creates Young Money and old money and Fast Money and slow money, and gives you access to other people's money. Ethically, all of that, we have some new listeners dropping by today. So if you're new here, I'm Keith Weinhold, get rich education founder, Forbes real estate council member, best selling author, and long time real estate investor, also an incomprehensibly slack jawed and snaggletooth to podcaster. But see here in the audio only, you only have to hear the slack jaw, but video platforms where you'll find me and this course on YouTube and rumble, oh, through a disaster, because you both hear my slack jaw and have to see my snaggletooth. It's dreadful.    Getting back to the course here, you know, school did little to teach you and I about the most important things in life, like nutrition or relationships or money. And you know what drives most divorces? Can you guess what it is? I mean, it's not arguments over trigonometri or English grammar or the periodic table of the elements. No, it's money problems. Well, the financial education in this course, it's gonna help you solve that as much as anything you need to take on the mindset of how you must unlearn what you've learned before you can believe something else.    We're gonna use this same simple example of a $200,000 income property throughout the course a rental, single family home. Yes, you can still find many of these, and it's with a rent paying tenant. Now, if you want to think bigger than a 200k property, no problem. Say you want a $20 million apartment building, you can just multiply everything by 100 because we're talking about ratios today. Say that when you buy this property, your down payment and closing costs have you putting in 25% All right? So you've now got 50k invested on this 200k property.    Well, in the first of five ways you're paid appreciation is what it's called. Well, historically, real estate appreciates at about 5% per year. All right, see your 200k Income Property appreciates to 210k There's your 5% yawn, boring. That might only be about the real rate of inflation. That's what most people think. But look at what you just did there already. You just did something amazing. You already benefited from a force greater than compound interest. You just created compound leverage, and most people don't even know it, because your return is far greater than the 5% total appreciation your return on investment is your gain, which is 10k divided by the amount that you have invested, which is 50k because that's all that you put into this. You just got a 20% return from only the first of five ways you're paid appreciation. And now, if you're scratching your head wondering how that just happened, how did 5% return go to 20% no worries, I will slow it down. And this course never gets more complicated than this, you achieved a 5% return on both your 50k invested and the 150k that you borrowed from the bank. See the return on the bank's money doesn't go to the bank, it goes to you all while the tenant pays the interest on the mortgage loan. We'll get to that part later for you, this could be your first moment of epiphany in this course, a light bulb moment. Yes, today you'll get more light bulb moments than Thomas Edison. That is the magic of leverage. It's so simple ethically use other people's money, but most people are only getting compound interest, a return on their money, only not theirs and others like they could have great so where does appreciation come from? What is its source? Supply versus demand for real estate an area's wage growth, population growth, a region's infrastructure improvements contribute to this. The shrinking availability of developable. Land and more. Now what if real estate prices go down? You're covered. That will be addressed shortly. Here we are just scratching the surface. You're starting to figure out why wealthy people's money either starts out in real estate or ends up in real estate. And the thing is, is you can do this the same simple way that I did when I began as a real estate investor. You don't need any degree or certification or real estate license in order to do this. Real Estate pays five ways.    Now that you know about the first appreciation, leveraged appreciation in real estate's case will carry forward your 20% gain and add it onto the second of five ways you're paid, cash flow. For many, this is the most important one. One way for you to think about this second way cash flow is that it's the recurring income from your tenant that shows up, whether you had any involvement with the property that month or not. That's why this is passive income most months. This one is the most liquid of the five ways, because it pays you cash every month, and therefore you can immediately either reinvest it or just spend it and increase your standard of living. This is effectively your salary increase plan. Yes, it's the opposite of a 401 k, which is a salary reduction plan, which actually was an early name of 401 K plans, since this income is sourced by your tenant rent payment, minus the property expenses. Your Cash Flow is sourced by jobs, because that's how your tenant gets their rent payment that they pay you, and this is why I like larger metro areas, your market selection is more important than your property. That's a huge lesson right there, because it's about the durability of this cash flow. All right, we're about to run the numbers and see what your rate of return from passive cash flow is. Let's do it. We'll build on our example of your ownership of a 200k income property with your 50k down payment. All right, on the 200k rental single family home, say that your rent is $1,500 a month. That is therefore $18,000 of annual rent income. But then you need to deduct out your expenses, and you do have a lot of them. They are your mortgage and your operating expenses, like I've shared with you before. The easy way to remember those operating expenses is with the acronym VIMTUM, vacancy, insurance, maintenance, taxes, utilities and management, and paying that manager is what keeps this mostly passive for you. So to be clear, your rent income minus your mortgage in VIMTUM operating expenses equals your cash flow. You can kind of think of that as your rent overflow. Okay, here we go. Say you figure that from your 18k of annual rent income that you need to pay out 15k worth of annual expenses, that leaves you with $3,000 of cash flow, or so you thought, but you have a freak plumbing problem that creates a bill of 1000 bucks. However, you have property insurance, but say your insurance deductible is $1,000 so you've just got to come and pay out of pocket for your managers, plumber to fix it, and now the $3,000 of annual cash flow you thought you'd have only leaves you with $2,000 somewhat of a thin cash flow. Then that's a higher maintenance expense than you had previously forecast in your pretty looking pro forma projection. That often goes wrong, because something stupid often happens out of the blue in real estate investing, all right, well, with your $2,000 of cash flow, which is passive income, that's divided by your same 50k invested that gives you a return of 4% from the second of five ways you're paid. That number is what's known is the cash on cash return. You thought it would be 6% but we're being conservative. The Freak plumbing problem made it just 4% add this to the 20% from leverage depreciation in the first video, and you now have an accumulated 24% total rate of return from this income property already, and we still got three ways to go. We're just gonna keep piling onto this return in the next three ways you're paid. How high is this going to go? And you know what's interesting with this? Luke. Conservative math adding up your lofty return. It's actually conservative as we proceed, you'll note that I'm using simplification and rounding you're going to see me round down more than round up. To keep this conservative and real estate math is simple. It's just add, subtract, multiply or divide. There's nothing complex, no trigonometri or calculus or exponents. This is easy. You just have to know what numbers to use, and that's what you're learning and reinforcing today.    Now here's a weird scenario. Imagine if you had a stranger out there funding a bank account for you, making monthly contributions into this illiquid savings account. I mean, does that sound too good to be true? Nope. It exists. The third of five ways that real estate pays is exactly why this is real, as this free audio course, real estate pays five ways continues for you. Real estate has so many ROIs returns on investment that one of the five is called an Roa. That's the third way you're paid. And none of this material is new or esoteric or avant garde. It's always been out there. There's just been no one else that's put it together before this, most people were never taught how to build real estate wealth in the real world. And what's insane about this third of five ways you're paid is that now you're probably already getting paid more ways than you ever have. I mean, instead, what is most people's investing experience, it's in stocks, bonds, mutual funds, ETFs, gold or Bitcoin. I mean, that's where you're typically only paid one way, capital appreciation, if you even get that, and maybe a second way is if you have a dividend paying stock. But I mean, that's all you've got. One way, maybe two. If you want to build wealth, you've got to give your money multiple jobs. That's exactly what we're doing here. ROA stands for your return on amortization this third way you're paid is the monthly principal pay down portion of your mortgage. That's your return. So we're going to add your ROA to the 24% total return that we've accumulated so far. And now you might think you already have experience with an ROA if you have a mortgage on your own home, your primary residence, but no, not actually, because in your own home each month, a portion of your mortgage payment goes toward principal pay down and the rest of pay interest, but all you did in your primary residence is you went and you had to work to earn money all month. All you did at the end of that month was move that money from your cash pocket over to your equity pocket when that mortgage payment gets made. So that's merely a transfer of funds, but with income property, your tenant earned that cash that month to pay your mortgage principal payment, and we'll tally that up in a moment. On top of the principal, they pay your entire interest payment, plus your tenant pays you a little on top of that each month called cash flow, which was the second way you're paid. So yes, your tenant is going to work for you. If your tenants rent payment is a third of their income, they're working close to 10 days a month just for you, just to pay your rent. I mean, that is amazing. If you add properties with rent paying tenants like this. It's sort of like you have all these employees out there working for you, and yet you don't have to manage them at work. It is amazing this third of five ways focuses on that return on amortization, and the etymology of the word amortize that comes from the old French meaning death. And that makes sense, your tenant is slowly killing off your mortgage balance for you over time. So let's do this. Let's add up your ROA, all right, we're using this same example where you got a 150k loan on your 200k rental, single family home. Let's say that you got a 7% interest rate on a 30 year fixed rate mortgage, so just the plain everyday loan. Just look up any amortization calculator, enter those numbers in there, and you'll see that in year one, your tenant pays down over $1,500 of your income properties mortgage balance for you, let's round it down to just 1500 bucks, because it could have been some vacancy in there as well. Your ROA is simply this year, one principal pay down divided by your amount invested again, that is 1500 bucks divided by your 50k Of down payment and closing costs that you have in the property your skin in the game. And this is another 3% return for you. That's your Roa. I mean, you are beginning to really build wealth now. This is somewhat of a hidden wealth generator that a lot of investors never consider. Many of them are aware of this, though, it's like your tenant is funding an ill, liquid savings account that has your name on it. We'll add this 3% ROA to the tally of a 24% cumulative return that we figured from the first two ways. Yes, you are now up to a 27% total rate of return from appreciation, cash flow, your ROA, and we still have two of the five ways to discuss. We're just gonna keep piling onto your return. What is the source of your Roa? This 3% it is jobs again, your tenants income. If interest rates fall and you refinance, you'll get an even higher annual chunk of tenant made principal pay down, even with the initial loan kept in place this 7% mortgage note, how in future years, your amount of 10 it made principal pay down. Only keeps increasing over time. But we're only talking about year one in this whole example. We're going to carry forward your 27% total rate of return so far into the next one as this real estate pays five ways. Audio course will continue here in Episode 550 of the get rich education podcast, yeah, even the episode number has some fives in it as we roll on, breaking down just how the five ways build wealth more after the break, I'm your host, Keith Weinhold, this is get rich education.   You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time, in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom family investments, liquidity fund again. Text family to 66866. Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaley Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com That's ridgelendinggroup.com.   Speaker 2  23:45   This is Ridge lending group's president, Caeli Ridge listen to get rich education with Keith Weinhold, and remember, don't quit your Daydream.   Keith Weinhold  24:10   Welcome back to get rich Education. I'm your host. Keith Weinhold, as we continue with the real estate pays five ways audio course, before the break, we're rolling forward a 27% total ROI from the first three ways that you're simultaneously paid. Again, nothing complicated, just with a piece of buy and hold real estate that you purchase carefully. You don't have to do any renovations. You don't have to be a landlord. This is how you're going to build forever wealth, legacy wealth, if you don't come from money now, money can come from you. This can shake up your entire family tree. After today, you'll have a concrete plan. I don't come from wealth. I build it myself, and I'm laying out the architecture of how I did. Just that in a simple way for you, the fourth of five ways you're paid is that real estate investors are rewarded with a generous basket of tax benefits from the government because you are doing what the government wants. You're providing others with housing. Informed people know that if you spend money on certain things like solar panels for your home or education expenses, you get a tax break for spending that money. Well, with real estate, you don't even need to spend any money to get a tax break every single year. Incredibly, you get the tax deduction anyway. It's easy. Let's do it here. And you know, it's time to make something crystallized for you. And this can rock your world and even induce some disbelief. Some people say, don't get your money. Get your money to work for you. We've all heard that. Here is the heterodox. Here is the paradigm shift. If you want to build wealth, don't get your money to work for you. Outside of this show, I bet you have never heard that iconoclastic stance your best and highest use as an investor is not to get your money to work for you. It's making other people's money work for you. OPM, now, you probably heard that before as well, but I've got a twist on that. But see if you want to build wealth, do you think you'd have to both think and act differently than the masses? I mean, yes, you certainly do, but this is your differentiator, even multi decade billionaire real estate investors don't realize what I'm about to share with you forever. Wealth is built. Early Retirement, wealth is built. Your standard of living is indelibly elevated beyond what you ever thought possible because you are ethically using other people's money three ways at the same time, the bank's money for leverage in the loan, which we covered in the first way, you're paid the tenants money for cash flow and loan pay down, which we covered in videos two and three. And now here you are using the government's money for generous tax benefits at scale, which we're covering in this fourth of five ways you're using other people's money, three ways at the same time within this, this is why you're building wealth. And of course, this does not mean you're exploiting people by using their money, just the opposite. You're doing good in the world. Provide people with housing that's clean, safe, affordable and functional. Do that, and you'll be profitable in the long term and never get called a slum lord. Rental property income is generally taxed at ordinary income tax rates, but you don't have to pay tax on all of your rental income. The tax deductions are generous from rental property, you can deduct out your mortgage interest and your operating expenses, which I will not cover in our example. You also get a depreciation deduction. We'll look at that one closely, and when you sell, you can endlessly defer your capital gains tax so you never have to pay it all of your life, all right. Well, what does this really mean? If you buy a rental property for 200k and after a bunch of years you sell it for 500k your capital gain was 300k in most investments, you need to pay capital gains tax of at least 15% on this you would take a $45,000 tax hit. But with real estate, when you sell if you generally replace it with a property of equal or greater value, your capital gains tax is zero, absolutely zero. Now, rental property taxes are somewhat complicated, and I am not a CPA, I'm giving general guidance. I'm not going to get into things like your adjusted basis and other details. In fact, I'm not even going to consider this benefit of deferred capital gains tax in tallying up your rate of return. So instead, let's only look at your return from the tax depreciation portion of your full basket of tax benefits. It's going to keep things simple, and it'll also keep our example more conservative. Yes, even though your 200k rental property in our example tends to appreciate in value, the government says you can get a tax break because they say that the property wears out over 27 and a half years. That's just what the IRS guideline is. This only applies to rental property. There's no depreciation deduction on a primary residence. Let's do it on your 200k property, you can only depreciate the structures value called the improvement, not the land portion. We'll say that your structure or house's value is 150k and the land is 50k even the IRS knows that land doesn't wear out, only the structure. Divide your 150k structure value by 27.5 Yep. Pretty weird, arbitrary number, but that's how long the IRS says it takes to wear out. That gives you $5,454 that's how much you can depreciate or shelter from taxes if you're in the 24% tax bracket, that's $1,309 in tax savings for you. Divide that by how much you have invested in this 200k property. Again, that was 50k when you made the down payment and closing costs. This is a 2.6% return. Let's keep being conservative and round that down to 2% there it is our number from the fourth of five ways you're paid. We are layering on another 2% return. Now, can you really call a tax break part of your return? Is that fair? Should that be considered? Yes, it is, in this case of tax depreciation, because you did not even have to incur an expense in order to get that deduction, that's why some people call it the magic of depreciation. Usually, to get a tax break, like I was saying earlier, you have to make an out of pocket expense, like pay for fees to attend a conference or buy solar panels or pay automobile expenses. But you don't have to do that here, so the 2% rate of return for your tax benefit is even more conservative when you realize that we also are not digging into how this piece of real estate can also make you eligible for other tax benefits like a qualified business income deduction, a cost segregation and bonus depreciation. And for simplicity, we're not going to go run examples on different marginal tax brackets, and there are income thresholds and other thresholds, whether you're married or single. And of course, we are excluding that erstwhile capital gains tax that you can legally duck out of to collect all the tax benefits without me having to get deeply involved. At the end of each year, my property manager just sends my property's financials directly to my bookkeeper. And yes, I know we've got some CPAs listening to this right now thinking that 2% that is much too low of a return from your basket of tax benefits, but that is all we're going to use. We're going to add this to the ROIs that we accumulated from leverage appreciation at 20% in the first way, cash flow at 4% in the second way, and an ROA of 3% in the third way, plus this 2% from tax benefits here in the fourth way, here we are up to a 29% first year total ROI from your 200k single family income property that you so wisely purchased. Now you know how to use other people's money three ways at the same time again, the banks, the tenants, and with these tax breaks the governments.    Let's move on to the fifth of five ways. Add up your total rate of return, and then I'll give you some more important takeaways to give this context, and I'm going to give you your free gift. Your fifth way is your second biggest profit center, and most real estate investors don't even know that it exists, you're going to profit from something that actually makes most people poorer. So we're going to take our 29% add the fifth way to it, and it's going to culminate in your total number. The fifth way is called inflation profiting. Remember, it's not inflation hedging. Real Estate bought the right way is not an inflation hedge. Hedging is defensive, meaning that you break even from inflation, but no instead, you're actually profiting from inflation. That's different. This is offensive. Now a conventional financial advisor. You know, they're often out there selling investment products that tout something like a 10% rate of return. You know, synonymous with a return from the s, p5, 100. Ask your financial advisor about the five drags on that return. It's 10% minus inflation, emotion, taxes, fees and volatility, and your adjusted return is often less than zero. Just look at their track record. Stocks and mutual funds don't make anyone wealthy. They might just preserve wealth if you already have it strategically bought. Real estate has hegemony over all the other. Set classes precisely because it pays five ways. Either you can be a conformer or you can build wealth. If you want to escape financial mediocrity, you can't run with the herd. You need to get into a lot of good debt. It sounds scary until you realize that debt is tied to a carefully selected income property, meaning your entire debt payments are therefore reliably outsourced to tenants. DEBT, TAXES and inflation are three forces that make most people poorer. It makes most people poorer because they either don't have the resources, or they don't have the know how to arrange their financial life. They don't have any strategy. Well, today, you're learning how to make these three forces, DEBT, TAXES, inflation, those three wealthier with the Debase purchasing power of the dollar. You know most people, they see the price of a new car that goes from 50k to 60k or that their favorite Subway sandwich goes from nine bucks to 10 bucks, and then they just kind of hope that their salary keeps up. You know, that's sort of the average experience with inflation. Now, you and I, we would not save by stashing a million bucks under the mattress, because 3% inflation would de base its purchasing power by 30k every single year. That's why we do the opposite of saving. We borrow. For every million you borrow, we'll every year say that with inflation, your wage, salary, rent, income, all go higher by 3% now it gets easier to pay back your million dollar loan all while the tenant pays the interest, and you're profiting 30k each year. So after one year, you only owe the bank back 970k and inflation adjusted dollars and 940k after year two, and 910k after year three, inflation debases savings and debt at the same rate, so borrow instead of Save and see, this is the reason why the top selling financial author of all time, Robert Kiyosaki, a frequent guest on our show here, he says, savers are losers, debtors are winners. In an inflationary world, don't be a saver. Be a savvy debtor, because in the future, you can count on more inflation. See, the government needs inflation to occur. The easiest way for the US to repay its 10s of trillions of dollars in debt is to just keep printing lots of dollars, and that process debases every dollar that you're currently holding on to. Who cares about your debt when both tenants and inflation are just relentlessly paying it down for you? That is if you're doing real estate right, which means buying an income producing property with a loan. That's the whole formula here. That's all we're doing, buying a rental property with a loan. But when you understand how inflation both pumps up your real estate value and simultaneously debases your debt, it turns your world upside down, you almost become this inflation cheerleader, because inflation is now good for you, as this audio course is now covering the fifth of five ways you're paid. Please understand some risk still exists. You could buy in the wrong market, hire the wrong property manager, or just buy the wrong property no matter what, you're going to have some inevitable problems along the way, like that plumbing problem I mentioned earlier in the second of five ways you're paid over leverage is a risk over leverage means that you take on so much debt that you can't make the monthly payments so you can still lose money. But from listening today, you vastly increase your chances of being profitable, and that's why we say that carefully bought real estate has the best risk adjusted return. Here we go, following through with our example across all five ways on your 200k income property that you made a 50k down payment on, that is therefore a $150,000 loan that you took out at a 3% inflation rate each year, your debt is then being debased by $4,500 this is a quiet, hidden wealth generator that most investors don't even know about. $4,500 of inflation profiting divided by your same 50k down payment means that you have another 9% rate of return. Wow, a 9% rate of return that you're getting that most investors don't even know about. I mean, in the conventional financial world, I mean, they're proud to offer you a nine. Percent mutual fund return over time, and they advertise that as something good here by putting a down payment on a rental property. This 9% is another sweetener that no one even notices, and that gets added on to everything else. It's just incredible. Yes, 9% now, in the past, I used to think this return was just the inflation rate that we're using here, 3% but see, this is leveraged as well a 9% return from inflation profiting. And like I mentioned, uh, towards the beginning of the show, this is the twist for a long time get rich education. Podcast listener, see 3% that would merely be a hedge. So add this 9% to the 29% running total in the first four ways, and there you have it, an astounding 38% total rate of return from the five ways that real estate pays 38% I mean, you are really understanding why wealthy people's money either starts out or ends up in real estate, and that you don't have to be wealthy to start everything we discussed there was in year one. I mean, if someone asks you why you're investing in real estate, you can just hold up five fingers and share this episode with them. I mean, this says it all, and we could have surely come up with a higher number than 38% if you had used a 20% down payment instead of 25 then you'd have more leverage, and your total ROI would be in the mid 40s percent, and we really handled the tax portion conservatively. Here another reason your return could be higher, this was with a 7% mortgage rate and a pretty modest 4% cash on cash return as well. Yes, your total ROI is 38% now after year one returns fall over time due to the accumulation of equity in your property, so the denominator for the calculation is larger. You got 38% in year one, perhaps year two is 31% and year three is 24% but you can really see how you're getting ahead of the world in three years like that in other episodes of the show. Here, I do talk about how to limit the return attrition through refinancing and some other techniques, but these are amazing rates of return, compounding evidence that compound leverage blows away compound interest, and again, it's DEBT, TAXES and inflation that are making you wealthy. How you should know by now the formula is really simple. Just buy an income producing property with an everyday 30 year loan, even if real estate values fall, you can get paid for other ways and still have a positive return. Real estate values have always bounced back even after 2008 and see if the property is temporarily suppressed in value, you're going to have little concern with wanting to sell it when tenants are still paying you a monthly income during that time. Very few veteran real estate investors understand the five ways. Most real estate educators don't understand this either, but now you do, and to get this 38% total ROI again at times I simplified throughout I mean, your real world return is likely going to be different. It's going to be higher or lower than 38% probably. But now you know about a vehicle for actually creating durable wealth, and I would like to think that what you learned today is the most complete yet still concise way of understanding how a real estate investor gets paid. You gotta know this. This is the motivation for wanting to do this in the first place.    And hey, if you like what I've shared so far, I'd love to ask you for something, and then I have more important things to tell you and give you your free gift. As I made this course free. Hey, if you would please just share the wealth. Share this episode with a friend. I'm sure you know somebody that would benefit from this. It's really a big aha moment when you finally know how it all goes together. If you subscribe to our newsletter, you were already sent the video version of this course here in just the past couple weeks that's going to help you see how all the numbers go together. And the video course was also released free on YouTube, so if you're listening to this within a few weeks or months of the episodes release, it's still easy to find on our get rich education YouTube channel and four. Finally, in order to make this actionable and actually profit from what you learned, you can just copy me and buy properties from where I buy them at GRE marketplace, that's where there are properties conducive to the five ways you're paid. It probably does take about a minimum, oh, of a 35k to 55k down payment in order to get started. Properties are either new build or renovated. Tenants are in place. There's a property management solution, if you like, and optionally, our free investment coaching service there learns your goals, then helps match you with the right areas and properties and hey, I'm happy to tell you and announce that you can now connect directly with our completely free investment coaching service at GREinvestment coach.com, yes, this is a new URL to make it easier for you to connect with a GRE investment coach. Yeah, I kind of thought that was a good one, huh? How do you connect with a free GRE investment coach? Well, at GREinvestment coach.com I've got a free gift for you. Everything that we discussed in this course today was distilled down into one colorful infographic that we designed and laid out here so you can view it, download it, or even print it out on one eight and a half by 11 inch sheet of paper. Yeah, my team and I went back and forth on this infographic for quite a few rounds to make it just right. I like how it looks, and I've never known anyone else to do this all the ways real estate pays concisely onto one sheet of paper. The link for that infographic gift is in the show notes for this episode at get rich education.com/ 550 since this is episode 550 get it at getrice education.com/ 550 Yeah, the infographic gift is a memento of this course and the time that we spent together today. Think of it as your diploma, and it's a diploma that doesn't come with 12 years of student loan payments either. Yes, it is just a piece of paper, but is it worth more than the piece of paper known as your bachelor's degree or your MBA? I don't know. You can be the judge. So congrats, graduate. Now you know how real estate makes ordinary people wealthy, but learning this today really doesn't benefit you if you don't find the right property in the right market with a property manager. If you so choose a property manager, you've got to take action. You usually want to start small, including with investor advantage, single family rentals for as little as 200k just like our example, some cost even less. We will help you do just that, and do it for free with our coaching book a time and get it on the calendar at GREinvestmentcoach.com that's GREinvestmentcoach.com    I'm get rich education's Keith Weinhold, thanks for being here, but you weren't here for me. You were here for you. I'll see you next week. Don't quit your daydream.   Speaker 3  48:25   nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  48:49   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours, my self, it's got a dash of humor, and it's to the point, because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866.   The preceding program was brought to you by your home for wealth, building, get rich, education.com.  

Hey friends, thanks for joining us this week! We are super excited to welcome real estate expert Kathy Fettke to explore the intricacies of 1031 exchanges. Kathy shares her inspiring journey into real estate and highlights how knowledge can help overcome fear and lead to confident investment decisions.The conversation dives into the mechanics of 1031 exchanges, which allow investors to defer taxes by reinvesting proceeds into similar properties. Kathy walks listeners through real-life examples, including a powerful story about her father's successful 1031 exchange, emphasizing the importance of planning, timelines, and property identification. She also stresses the value of working with a reputable 1031 exchange company to avoid costly mistakes.Kathy encourages women to take control of their financial futures through real estate, highlighting how legacy planning can build generational wealth. This episode is packed with actionable insights for anyone looking to leverage 1031 exchanges and make informed investment decisions. See what Kathy is up to next by following her on Instagram. We hope you love this episode!   Resources:Simplify how you manage your rentals with TurboTenantTo join to speak with an investment counselor, visit Kathy's websiteGrab your copy of Kathy's book, Retire Rich with RentalsListen to The Real Wealth ShowListen to Real Estate News for Investors PodcastGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode, we discuss whether home-and-income properties are a smart way to boost your cashflow — or a financial trap in disguise.You'll learn:How much capital growth these properties really achieve (based on fresh, never-before-seen data)What kind of income you can expect from themAnd how to tell if this strategy is right for your investment goalsCurious how this strategy affects your borrowing power? Here's our list of the top mortgage brokers in NZ, who can help you structure your lending and make smarter investment decisions.For more from Opes Partners:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the weekly Private Property newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠

Welcome back, friends! This week, we discuss key red flags to watch for when investing in real estate and share valuable insights from The Community. They highlight the importance of thorough analysis and community support in building confidence. Amelia opens up about her current flip project, sharing detailed numbers and challenges, while emphasizing the need to stay emotionally detached from properties.The conversation covers essential tips such as watching for foundation issues, considering the end buyer's perspective, and having multiple exit strategies to mitigate risks. They also stress the importance of building a strong buy box to avoid distractions and using conservative estimates when budgeting for rehabs.A few things we want you to walk away with…Be mindful of structural issues like foundation problems.Emotional detachment is crucial for sound decision-making.Community insights and a reliable realtor can boost your confidence.Listen now to learn how to navigate potential pitfalls and make smarter investment decisions! Resources:Simplify how you manage your rentals with TurboTenantDownload our free Buy Box TemplateGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

This Flashback Friday is from episode 301, published last February 21, 2013. Jason Hartman interviews Bud Conrad, Chief Economist of Casey Research, regarding the geopolitical focal points in our world, funneling these down to how it all affects the United States. Bud mentions the importance of looking at the big picture of what is happening in the world, particularly China becoming the new “mover” in the world, Japan's apparent desire to destroy its currency, new technology, government overreach, who benefits from inflationary measures and monetary policy, and much more. Author of the new book Profiting from the World's Economic Crisis, Bud Conrad holds a Bachelor of Engineering degree from Yale and an MBA from Harvard. He has held positions with IBM, CDC, Amdahl, and Tandem. Currently, he serves as a local board member of the National Association of Business Economics and teaches graduate courses in investing at Golden Gate University. Bud, a futures investor for 25 years and a full-time investor for a decade, is also a regular lecturer for American Association of Individual Investors and a frequent contributor on Fox Business News. In addition,  he produces original analysis for Casey Research, including unique charts and research on the economy and investment markets.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

We are so excited to introduce you to this week's WIIRE Podcast guest, Alex Sheforgen. Alex shares her inspiring journey of managing 50 long-term rentals while balancing full-time jobs with her husband. Alex dives deep into creative financing strategies that made it possible for them to build a successful portfolio. She emphasizes the importance of community and networking in uncovering off-market deals, particularly through expired listings and mailers.Our conversation with Alex highlights the power of negotiation and understanding financials when structuring creative deals. Alex also offers practical advice on managing tenant challenges, streamlining communication with tools like Google Voice, and leveraging local banks for smoother financing. She stresses that persistence and patience are key, and learning from others in the real estate community can help investors avoid costly mistakes.Key Takeaways:Creative financing can open doors for aspiring investors.Expired listings and mailers are powerful tools for finding deals.Strong communication and negotiation skills can make or break a deal.Self-managing a large portfolio is possible with strategy and discipline.Leveraging local resources and building relationships can lead to better deals.Tune in to this insightful episode to learn how to navigate the complexities of real estate investing and scale your portfolio successfully and make sure to follow Alex over on Instagram!   Resources:Simplify how you manage your rentals with TurboTenantFollow Alex on InstagramGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode of the podcast, we dive into the world of property appraisals—an essential yet often misunderstood part of real estate investing. They break down the appraisal process, explaining what to expect and how to prepare your property for a favorable outcome. Drawing from our own experiences, we're offering you practical tips on handling low appraisals and emphasizing the importance of being proactive throughout the process.Key Takeaways:An appraisal determines a property's value for financing purposes.Appraisals are subjective and influenced by various factors, so preparation is key.Presenting a well-prepared appraisal packet can help sway the appraiser.Investors should always review the appraisal report to understand the comparable sales used.If an appraisal comes back low, disputing it or requesting a second appraisal may be an option.Low appraisals can open the door for renegotiation or provide a way out if a contingency is in place.Whether you're preparing for your first appraisal or looking to refine your approach, this episode equips you with the knowledge to navigate the process confidently. Tune in to learn how to maximize your property's value and protect your investments!   Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back, friends! This week, we are joined by our friend BrieAnne Reyes, and we dive into the high-stakes world of tax sales and sheriff's auctions. BrieAnne offers valuable insights for both new and experienced investors and shares her journey from private equity to auction sales, emphasizing the importance of research, strategy, and emotional discipline when bidding on properties.Key takeaways from the conversation include:Understand the differences between tax auctions and sheriff's auctionsThe importance of doing your homework How to avoid emotional bidding BrieAnne's insights make this episode a must-listen for anyone looking to navigate real estate auctions with confidence. Tune in now to gain an edge in the competitive auction market!    Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back to another episode of the podcast, friends! This week, we are breaking down our key rules of thumb that every real estate investor should know. These simple yet powerful guidelines help investors analyze deals efficiently, minimize risk, and maximize returns—saving time and avoiding costly mistakes. These rules are designed to help investors make informed decisions, streamline property analysis, and avoid common pitfalls. Beyond the numbers, we also discuss the power of community support and share insights from our own investing journeys.Want to connect with other investors and get more insights? Get on the waitlist before doors open on 3/19 to get $400 off your membership!Ready to connect with a supportive network of women investors? Learn more about the WIIRE Community and how it can help you scale your real estate portfolio.If you want to invest smarter and save time, this episode is a must-listen!   Resources:Simplify how you manage your rentals with TurboTenantGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

...is easy when you know what you are looking for 3 things to look for: condos that are over 100 days on market condos with special assessments pending short term rental condos in the off season 3 things to know: street view is least desirable side view is more desirable direct ocean front views are most desirable all of these things affect the market price the least expensive condos are typically condotels think of a hotel room size place that you can purchase stay there when you want rent it out when you are away these are typically cash purchases as most of these are "non warrantable condos" which means that more than 50% of the units are non owner occupied rentals if you are planning to use a mortgage when you purchase you can still find a deal finding a motivated condo seller is much easier when you are flexible if you have super specific needs and desires you will limit your options today's show give you an insiders view of the condo market

In this bonus episode, we're diving into the inspiration behind the WIIRE Community, a powerful network designed to support women in real estate investing. We share the challenges and rewards of launching a community, share testimonials from real members, and break down the unique mentorship opportunities available. From curated retreats to exclusive networking experiences, we help foster a safe and engaging environment where women investors can thrive. If you want to scale your portfolio and connect with like-minded women, this conversation is for you!Get on the waitlist before 3/19 to get $400 off your membership!Ready to connect with a supportive network of women investors? Learn more about the Wire Community and how it can help you scale your real estate portfolio.Doors to The WIIRE Community are opening soon, so make sure your name is on the list to be the first to grab your seat!   Resources:Get your name on The WIIRE Community waitlistDon't forget to subscribe, rate, and review the podcast on Apple PodcastsDon't forget to subscribe, rate, and review the podcast on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode, experienced realtor Jayme Curry shares essential strategies for working effectively with investor-friendly agents and finding profitable deals. Whether you're a new investor or a seasoned pro, understanding how to navigate MLS listings, financing, and agent relationships can make all the difference.Jayme also highlights the importance of working with local lenders, staying proactive in deal analysis, and avoiding analysis paralysis. Real estate investing requires problem-solving skills and a willingness to take action, even when the market seems challenging. To see what Jayme is up to next follow her over on Instagram, or connect with her via email.Tune in to learn how to sharpen your investment approach, spot overlooked deals, and build a winning real estate team!  Resources:Simplify how you manage your rentals with TurboTenantFollow Jayme on InstagramConnect with Jayme via emailGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode of the podcast, we're taking you behind the scenes of Amelia's journey in acquiring and managing an 11-unit apartment complex. From finding the right property to structuring partnerships and ensuring strong financial management, Amelia shares invaluable lessons she learned along the way.We highlight the importance of bookkeeping, strategic planning, and transparent communication in real estate investing. Amelia emphasizes that while finding money for deals is often easier than being a strong operator, maintaining accurate financial records is crucial for long-term success. She also discusses how midterm rentals can significantly boost revenue, the impact of a solid operating agreement, and the necessity of working with a good attorney when forming partnerships.Whether you're a beginner or an experienced investor, this episode provides actionable strategies to keep momentum in real estate and align future investments with your financial goals. Tune in now and start building your path to success!  Resources:Simplify how you manage your rentals with TurboTenantLearn about our WIIRE Bookkeeper & CPA ServicesGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode, Blake Dailey shares his incredible journey from starting with short-term rentals to acquiring and managing boutique hotels. What began with a VA loan and single-unit investments soon evolved into a full-scale hospitality business driven by profitability and a passion for creating unique guest experiences.Blake dives into the challenges and successes of transitioning from traditional rentals to boutique hotels, highlighting key lessons from his first hotel deal. He emphasizes the importance of building a strong team, hiring to relieve administrative burdens, and understanding guest expectations to ensure a seamless experience.The conversation also explores the differences between boutique hotels and motels, as well as the complexities of selling multifamily properties and refinancing motels.For those considering the boutique hotel space, Blake underscores the importance of community support and connecting with experienced investors. With plenty of room for growth and innovation in the boutique motel market, now may be the perfect time to explore this exciting niche in real estate.Get the details on Blake's community or follow him on Instagram to see what he's up to next. Thank you for tuning in, friends!   Resources:Simplify how you manage your rentals with TurboTenantConnect with Blake on InstagramGet the deets on Blake's CommunityGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back, friends! This week, we're sitting down with Laura Murphy to explore the growing niche of midterm rentals—specifically, the rent-by-the-room strategy. Laura shares her journey into this unique market, which began unexpectedly at a party, and how she has since built a thriving business managing 15 rooms across three locations in Chicago.Catering primarily to medical students and traveling professionals, Laura reveals the key to her success: tenant sourcing, setting competitive pricing, and ensuring seamless property management. She explains how eliminating deposits lowers barriers for tenants and how implementing electronic locks enhances security. Maintaining shared spaces requires clear guidelines, schedules, and a focus on creating a harmonious living environment.Beyond the logistics, Laura discusses the challenges and rewards of midterm rentals, from managing tenant turnover to capitalizing on the high demand in medical districts. As the midterm rental market continues to expand, her insights offer valuable guidance for investors looking to tap into this lucrative strategy.If you're interested in maximizing rental income while providing quality housing, tune in to this episode to learn from Laura's experience and expert strategies!   Resources:Simplify how you manage your rentals with TurboTenantConnect with Laura on InstagramGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Allan Swaringen, president and CEO of JLL Income Property Trust, was a guest on the latest episode of Nareit's REIT Report podcast.JLL IPT is a daily NAV REIT that owns and manages a diversified portfolio of apartment, industrial, grocery-anchored retail, health care, and office properties located in the United States.Swaringen said JLL IPT's mission is to be a hybrid investment that balances the stability of performance in the private real estate markets with the same history of consistent, growing dividends that public REIT investors look for.

Keith shares the top amenities tenants want in rental units, based on a survey by GreyStar with over 90,000 responses. He's joined by long-time friends of the show, Terry and Liz to discuss investment strategies, emphasizing the importance of buying properties in the "sweet spot" and the benefits of allowing pets, which can lead to longer tenant stays.  They also touch on:  Trade-offs Between Buying Multiple Cheap Properties vs. One Expensive Property Quality of Properties and Tenant Demographics Screening Tenants and Handling Pets New Construction vs. Renovated Properties Investor Life Cycle and Exit Strategies Resources: Visit MidSouthHomeBuyers.com and explore their investment opportunities. Show Notes: GetRichEducation.com/540 GRE Free Investment Coaching:GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad 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 Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE! I'm your host, Keith Weinhold. What are the features that tenants want in their rental units today, and what amenities are most profitable for real estate investors? Bedroom, count, bathroom, count, cover, parking, pet policy and more, what matters what doesn't, and how do you optimize operations to maximize your profit? It's a conversation with me and two terrific real estate pro guests today on get rich education.    Speaker 1  0:31   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, who delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:17   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:33   Welcome to GRE from Tacoma, Washington to the took pony Palmyra bridge spanning the Delaware out of Philadelphia and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education, the voice of real estate investing Since 2014 I'm grateful for your faithful listenership. If you're new around here, join in at GRE we do this one big headline show every week, never more, never fewer, and truly, every single week for more than 10 years now, let's talk about amenities that tenants want in apartments today, before we pivot to discussing properties in general and single family homes in our conversation coming shortly. Now, you might have heard of GrayStar before they are international real estate developers and managers, well, they received more than 90,000 survey responses from apartment tenants on their most preferred features and amenities. So we've got a good sample size here, and Gray star compiled the top 20. Let's just hit the top five. This is important, because your tenant is your customer, and when you serve them, you're not only making them happy, you yourself are positioned to be more profitable long term. Here we go. The number one preferred feature is, do you have any guess what tenants want? It's the walk in closet. 51% of apartment tenants said that they are interested in this feature, and 37% would not rent an apartment without it. On average, they're willing to pay a $75 a month premium, and the survey shows that this is particularly important in Dallas and Miami, where over half said that they would not rent without it. The second most important amenity to apartment tenants is large windows with abundant natural light. 56% that they're interested in this feature. 31% would not rent an apartment without it, and on average, they're willing to pay an $80 a month premium for the large windows. When you think about how more tenants work from home today than five years ago? Well, big windows make more sense. Third most important is fresh air ventilation. 69% said that they're interested in it, and on average, they're willing to pay a $79 per month premium. The highest demand for fresh air ventilation is in Seattle, San Francisco and San Jose. We're talking about the top five amenities that apartment tenants want today in order, the fourth most important one is covered parking or a garage. 52% said that they're interested in this feature. Fully a third would not rent an apartment without it, and on average, they're willing to pay a $75 a month premium, and this is most important in urban areas with a covered parking or garage, where 42% will not rent a unit without it, in those urban areas. And then the fifth one is high efficiency appliances, 71% said they're interested in this feature. On average, they're willing to pay a $79 a month premium, and this, this high efficiency appliance thing, is more important for the high income tenant segment. So there they are, the top five features and amenities that. Apartment tenants want today. So to review, in order, it's a walk in closet, big windows, fresh air, ventilation, covered parking or a garage, and finally, high efficiency appliances. And listen in as I'll have a robust discussion with two season real estate pros. We're going to go beyond apartments about the features that tenants and real estate investors alike want today, and at times, they will talk about their home markets of Memphis, Tennessee and Little Rock, Arkansas, which are some of the most investor advantaged markets anywhere. And you'll have to calibrate some of these numbers to your market, because in these places, the typical single family rental purchase is just 100 to 200k and rent is between$900 and 1600 and at other times, we will talk more nationally and globally.    Hey, well, I'd like to welcome in long time friends of the show, with the emphasis on long time since they were first here with us, more than 10 years ago on episode nine in 2014 those ever steady quality property providers from Memphis, Tennessee, mid south homebuyers, it's the return of their principal, Terry Kerr and investor relations lead, Liz Nalen, Terry and Liz, welcome back.   Terry Kerr  6:25   Thank you, Keith. It's great to be here. Thanks so much, Keith, great to be back.    Keith Weinhold  6:28   Yes, it's beginning to feel like a high school class reunion or something. I anticipate my high school class reunions just like I anticipate our discussion today. Let's talk about your individual takes on investment philosophy, common investor mistakes, and is some investor conventional wisdom true, or is it not? Because there's probably some of that that we have to debunk, I think a common one. And I know you get that question in there from investors and our listeners, you had that conversation it was it better to buy two cheap properties or one expensive property talk to us about some of those trade offs.   Liz Nowlin  7:07    It's such an interesting thing, and there's so many factors you can look at. I broke it down for myself personally. Probably 12 years ago, I was asking myself that question as an investor and I ran 2 $50,000 houses, I'm dating myself against $100,000 house, and even when I manipulated the appreciation for the $100,000 house at the higher rate. And actually, we've been talking about investor conventional wisdom, and that is actually a piece of conventional wisdom I've not seen hold true as much, but that a higher end neighborhood is going to appreciate a more rapid pace than a more blue collar neighborhood. So that, as a side note, is a piece of conventional wisdom that I've seen a bit debunked, but it really ramping up the appreciation on the $100,000 house. I think I put it at reselling at like 180 or 190 down the line, and I put my $50,000 houses at maybe 90. You know, not as aggressive for me. Two houses beat one, every kind of way that I shook it out. And of course, the 50,000s had lower individual cash flows, but still, I think matching or higher than the 100. And the one thing I'm not sure that I put in there is two water heaters versus one water heater, two furnaces versus one, but running the same maintenance in general for them. Terry, what do you think   Terry Kerr  8:32   I started out buying houses a little bit lower than I should and what I mean a little bit lower like and a little bit lower quality neighborhoods, and quickly learned that you can't buy too low, you know, you got to buy them, you know, in the sweet spot. So I bought in the A class areas. I bought in the areas that were a little too low, and then found the sweet spot. And then within the sweet spot, I've got a bunch of houses that are in the mid range where we typically operate, and personally, I've also got a bunch of duplexes. I like duplexes. So whether that's duplexes or a little bit upper or a little bit lower, personally, I like a mix of them. And I'm a buy and hold guy. So the stuff that I buy and hold I'm holding for the extra long time, initially, right out of the gate, you've got to look at things like cost segregation, closing costs and all that kind of deal. So really, everyone kind of needs to run their own numbers, because what might make sense for one person just might not make sense for someone else. And again, I'm kind of all over the board. You factor in how much you're going to spend in closing costs, how long do you intend to hold the property? What's it going to cost to sell the property in 1015, 20 years. But again, the cost segregation and just everyone needs to kind of run their own numbers. I think.    Speaker 2  9:47   closing costs times two versus times one is an interesting point. Paying to mow a yard is paying to mow a yard. But then you get into another rub that I think I put them I don't think I did a square footage variation, but I like smaller Homes. It's less on paint. It's less on vacant utilities. The lower your rent is to a degree, the more people can afford to rent it, and the more recession proof you are, in my opinion. And I wasn't running through that as well, but in my antique valuation from 2012 that $100,000 house is going to be bigger often than the littler guys for the rent. Not you know, you can have a play between neighborhood quality and size of house with rents, which is a determining price. But Keith, what do you think two or one?    Keith Weinhold  10:33   Yeah, the two thing versus one thing has a lot of trade offs. As an investor, I think about the advantages of where one is going to have less management, even though I use a property manager, but with respect to the size of the property, I think a lot of us know, and the new investor doesn't know, say, a 1500 square foot unit versus a 3000 square foot rental unit. Well, with the 3000 you often have twice the maintenance, but you only get a little more in rent income. So depending on the market you're in, typically something more like a 1500 square foot rental unit is going to work out better.   Terry Kerr  11:06   Yep, I agree. And then also, another one of the things that I found out is buying houses a little too far up market going to be renting to folks that are more apt to buy a house, right? And so you might have more turnover and a more expensive house just because it's in, you're renting in an area where folks may just not stay as long. And one of the things that that, of course, we like about Memphis is it's predominantly a rental market, so we're able to kind of have the best of both worlds there. But    Liz Nowlin  11:32   kind of, going back to investor conventional wisdom, I think a common mistake, or maybe a mistake isn't the right word, but I hear investors say that they would not buy a house that they would not live in, and I find that they tend to be very expansive times of their life. They often have young children are possibly planning to do it. And one of the best renters I ever had was a little old lady on Social Security, on a fixed income. She lived in my house for seven years. She paid on time like crazy. She added a garden that my home didn't have, and she would have never paid the extra $25 a month that a second bathroom would have called for from that property. And people forget that you'd people downsize as much as they upsize. There's divorce or just retirement, there's empty nesters. Families shift down as much as they shift up. Because investors are often they're talking to me from their four bedroom, two bath house, and they couldn't conceive of renting a smaller thing long term. They just kind of missed that aspect.   Keith Weinhold  12:38    Right for me, it's definitely not a criterion. Would I live in the property myself? And that makes it eligible to hold as a rental? No, it's just the opposite. Really. I don't think any of my rentals are ones that I would prefer to live in, because it wouldn't upgrade my lifestyle. Yet, it's still doing the clean, safe, affordable, functional housing thing. We're talking about the quality of properties here. Class A, properties are deemed the best class, D, the worst. What are your thoughts? Is B class better than C class? And is a really the best of all? I mean, for example, do you get better renters in a class, or are they finicky and then they have the means to move out and go buy their own place, if they have a 790 credit score and they're living in a class a unit, what are your thoughts here?   Terry Kerr  13:22    I think c plus to b minus is the sweet spot. You get into the a plus. Like you said, there's going to be more turnover, because folks are going to be buying houses, and then you've got expensive appliances that you're going to be responsible for fixing in and a lot of A plus neighborhoods, but the C minus, and I can only really truly speak to Memphis and Little Rock, but the C minus the B plus I feel is the sweet spot that's for the size of the property, as well as the typical length of rentership.   Liz Nowlin  13:52   I managed a class for about a decade before I came to work for Terry in 2009 and we ran a great ship, and we had a great, beautiful high rise, but a year was really the average stay a class renters are more litigious. I was operating a building next to a law school, and I had young lawyers and law students, but that's going to be true in any kind of a class area. When you're paying a rent of that amount you are going to call in a work order because the doorknob is slightly loose, a lot of it. And very interestingly, I think we still had some collection issues, even renting to nurses, lawyers, just a small percentage. It's the dark side of property management. But I saw alcoholism, divorce just in a small percentage. But it doesn't wipe it out the way that you would think it would. I've seen college students going to WashU and Ivy League level stuff leave apartments in terrible, terrible conditions. Think that's another kind of investor myth around that    Terry Kerr  14:52   the blue collar folks that we're renting to here in Memphis and Little Rock, they're not going to call us for the loose doorknob. They're just going to pull out the screwdriver. And fix it, just to kind of piggyback on that. It's another one of the benefits of operating in that space   Speaker 2  15:05    lawn care. It's a little thing, but everything adds up, right? Like our renters are going to mow their own lawns and they expect it, and it's how it was at their last place. You're not pulling that off at the high high end   Keith Weinhold  15:16   when you're screening tenants. Do you have the ability to tell when someone is going to look after the place better, and because a lot of the single family home rentals that you do, I mean the tenants, for example, are even responsible for taking care of their lawn, or are they going to be responsible enough to call in a leak, but not so annoying that they're going to call you to adjust the kitchen cabinet door that's a little bit loose. So how can you help screen tenants to learn some of those things before they even move in.   Speaker 2  15:43   Our typical renter is coming to us from another single family home, and so one of the kind of unique ways that we screen tenants is that you have to have immediate landlord history. It's like with a lot of places, if you go rent somewhere for a couple years, you leave in good standing, you come and live with your mom for a year, everybody else in town would accept that positive rental history from a prior place. But one thing that that I love about working here and then what we do is that being in business for 24 years, we've had a lot of chances to kind of do things the wrong way and figure out how to do it right. And they Terry instituted a system in the early years, where any time a renter fell off the rails, they would look back through that file, was there anything? Was there anything that could have predicted that? And sometimes the answer is no, and it's just the first time somebody's hit hard times. But one of the things they found is, well, hey, this guy hadn't paid rent in a year. He did have good rental history, but he hadn't paid rent in a year, and then that bill, he'd gotten used to not paying so much, and so that just helps.   Terry Kerr  16:47   Absolutely   Keith Weinhold  16:48    yes, getting that reference from their current or previous landlord can give you so much on what the expectations are going to be for the tenancy there in their place. And then, of course, there's a whole thing where, if you're talking to the current landlord and they're trying to move out, you're really trying to get to the bottom of the things and just find out if their current landlord wants them to move out because they can't get pay, or they're doing something nefarious. They're not paying rent, or something like that. That's sort of something that one needs to decipher as well. But of course, the history is going to help project the future better than anything else. And one thing we're talking about the operations of properties, and you sort of touched on it. Liz, where you had that tenant that started her own garden, she's someone that wouldn't care to pay more for a second bathroom. So why don't we talk about some of the pros and cons with the bathroom? Are two bathrooms always better than one, or is it just one more place to have maintenance and repair problems?   Speaker 2  17:40   real quick, just back on the other thing, for all the philosophies that you can bring, the guy that I worked for before, Terry never did any landlord verifications, because the worst renter he ever had was personally dropped off at the property by the prior landlord.    Keith Weinhold  17:56   Oh my gosh, making it easy for him. And he said, I'm done   Speaker 2  17:59   so anyway, but the bathrooms is such a hot spot, there's definitely the second bathroom rules crowd. And then I've seen a seasoned investor that says that's just one more toilet to clog.   Terry Kerr  18:14   Yeah, but I would say that right now, I'm pretty sure that the property that I have on Powell is the longest resident I've ever had. She moved in 11 years ago, is still there. It's the smallest house that I own. It's like 794 square feet. It's tiny, and it's got just one bathroom. But she's single, and when she moved in, she said they're gonna have to carry me out of here. And I hope that's not for a long, long time. But like Liz mentioned, there are a lot of folks that just want one bathroom because they're just going to be living in their solo or even married couple. That is downsizing. So we have a mix, and we like to be able to have something, you know, for everyone. So our two bedroom baths perform very well, just like the three twos   Keith Weinhold  18:58   I once owned three rental properties. They were all built the same way. There was one bathroom in each of them, which would have been okay for one or two people to live there, except the only bathroom in these two story places was on the second floor for all three of them, and that did prevent some people from renting it. They didn't like the fact that the only bathroom was upstairs. Yeah, that sounds terrible.   Speaker 2  19:20   Another analogy that's too great, or something I experienced when people think that two bedrooms must be inherently less desirable than three. Kind of connecting to one versus two bathrooms. When I managed that a class high rise, I had a waiting list for my studio apartments. It was the cheapest way that you could live in that neighborhood, period. And I had a three or four month waiting list for the studio apartments. I had a little more trouble renting the one bedrooms and the most trouble renting the penthouse, frankly. And my point with that is that if you price it right, it will always work. You know, if my studios were the same price as my one bedrooms, and of course. Course, I would not have had a waiting list for them. And you know, we have that super unusual lifetime occupancy guarantee mid south it's that, you know, if your property is ever vacant for more than 90 days, we start paying your rent on the 91st day. And I'm often explaining to people that's not us actually being an insurance policy, though it's real, it's in writing, we will pay you if that happens. But what I'm really telling you is that these rents are real. The rent price is meant to perform, and that that's the point. Anything rents well and stays well rented if you price the rent correctly.   Keith Weinhold  20:33   Well, that's an excellent point. We're talking about conventional investor wisdom and the operations of rental properties for investors, with Terry Kerr and Liz Nowlin from mid south homebuyers more than we come back, including is saying yes to pets worth it. This is Get Rich Education. I'm your host. Keith Weinhold   hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind@ridgelendinggroup.com That's ridgelendinggroup.com   Oh geez, the national average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation, let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back, their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are text FAMILY to 66866, to learn about freedom, family investments, liquidity fund, on your journey to financial freedom through passive income. Text FAMILY to 66866   John Lee Dumas  22:37   this is Entrepreneur on Fire, John Lee Dumas. Don't follow money. Make money. Follow you with get rich education.    Keith Weinhold  22:56   Welcome back to get rich education. We're talking about efficient operations for real estate investors and the properties that they choose to put into their portfolio, and some of those trade offs with mid south home buyers Terry Kerr and Liz Nowlin. And one thing that seems to be increasingly popular, it sure isn't waning in the past few decades, is the prevalence of pets and tenants that apply and have a pet on there. So there are a lot of pros and cons here. What are your thoughts about pets? Is it worth it or not?    Terry Kerr  23:28   It's worth it as long as you know what pet is going into the property and you charge a pet fee, amen.   Speaker 2  23:36   I'm a dog lover personally. So I was a renter. I was a good renter with a dog, but you do run into the people I experienced this, where they had the one horror story, and they're like, I never want a pet environmental property again at the end of the day. And that's where you go into what type of pet and a non refundable pet deposit. But what you lose by excluding such a huge percentage of the population from retain your home is going to outweigh the risk of the one off bad pet owner.   Terry Kerr  24:11   I agree.   Keith Weinhold  24:12   We also get into questions of what's legal here. If one does say yes to pets, you mentioned a non refundable pet deposit, why don't you talk to us about the amount of that deposit in relation to the rent, and then can you, or do you also charge more rent monthly in addition to the non refundable pet deposit   Terry Kerr  24:33    we charge a $250 non refundable pet fee, and that it tends to cover any issues with the pet but one of The things that I'll kind of piggyback on, what Liz said, is, not only are you excluding a large portion of the market, but we find that folks with pets, they just tend to stay in the property longer. I don't know why that is. I can look at my portfolio. I've not like examined all the houses that were managed. Thing, but I know that from with my portfolio, folks that get into the property with pets. I don't know why, but they just tend to stay longer.    Liz Nowlin  25:07   I may have just had luck, but I have not had any significant pet damages from any of my renters with pets and and kind of more stable, stable folks sometimes. So I think it's worth it. You always understand the person that had the kind of the one bad story, but I really think you could mitigate it.    Keith Weinhold  25:23   How about hiking up the rent amount for pets?    Terry Kerr  25:23   We have not done that. It's not something that we've ever done before. I guess it's kind of a if it ain't broke, don't fix it, you know. But we want to be able to provide as much value as we can to the resident to have the leases renew. And so everything that we do, from a rehab standpoint and a property management standpoint, is geared towards resident renewal. I'm not saying we couldn't get maybe an extra 25 bucks a month, but at some point you cause yourself a longer vacancy because you're trying to find someone who's wanted to pay more because they have a pet or may not renew the lease, because they can find some place to go where the rent is cheaper and they're not being charged pet rent, if you will.    Liz Nowlin  25:25   We charge pet rent at my a class high rise that I managed for a long time. You know, it's not 100% No, it's people complained bitterly about it. I think a pet deposit. Just they stomach it a little bit better. The theme of the show might be, there's a lot of different ways to skin the cat. I got more pushback about that rent charge working directly with the renties than kind of anything else. So I would say we should up the non refundable before we layer it onto the monthly personally   Keith Weinhold  26:37   yeah, if it's paid one time, it seems to be less of an annoyance over time and forgotten. When we talk about pets and think about the long term, after a tenant with a pet moves out, can the place really be adequately cleaned for the next tenant? We know a lot of people are sensitive with allergies today.   Terry Kerr  26:56   Well, fortunately, we bought our own carpet cleaning van. We know what we're doing in regards to, you know, cleaning carpets, and so absolutely you can clean them. I mean, don't get me wrong, there's always going to be like the one off every once in a blue moon, but definitely, you know, we're not throwing the baby out with the bath water there. And fortunately, we're able to mitigate that smells with the right chemicals and our own carpet cleaning van. It's rare that we have that issue.   Keith Weinhold  27:22   Well, the other thing is, is that you're a turnkey real estate investing company, and for listeners that don't know what that means is you basically fix and flip properties at scale and sell them to investors. So what you do in that case, then, is you're using those resilient finishes that can stand up to pets better than if maybe a person were just doing this small scale on their own accord.    Terry Kerr  27:45   That is true. So I can't really speak to what other property management companies experience or other individuals, but I do know that that's what we've done to mitigate the risk, and again, like I said, increase the likelihood of a lease renewal, that's the name of the game, right?   Keith Weinhold  28:02   Saying yes to pets sure does increase your chances. And Terry and Liz, the three of us, have all been active real estate investors ourselves for quite a long time. And when we became real estate investors, new build properties, especially in the turnkey space, really weren't much of a thing, but today they are. There are build to rent communities and more. And you yourself, there have been more involved in new builds, although renovated properties is sort of your bread and butter business, but now that you've done both for a while, what are your thoughts with how you advise investors? Is the premium on new construction worth it? Are you just paying really upfront for the maintenance that you'd have on an existing property? So what are your thoughts with new versus renovated property?   Liz Nowlin  28:46   I love that. So you know, if anybody goes to our website right now and looks at the available properties, you'll see some really gorgeous houses mixed in with our already pretty houses with a new construction label across the front of that exterior photo, and you're going to see beautifully updated kitchens. Our renovated kitchens are also super nice. But I get that question, you are going to pay a little bit more for a new build than a renovated property? And you know, Terry and I talked about it, there's a really cool, detailed 15 year pro forma that you can look at with every property. And we did turn up the appreciation for a new construction house. And of course, nobody has a crystal ball, but I really think that will hold true for our properties only. We actually didn't change the maintenance metrics solely because our renovated houses have all new roof, all new furnace, all new air condenser, all new water heater, and they're just as new on the renovated properties as the new construction for our renovations. We're replacing all the any galvanized plumbing, you know. We're doing so much new I think maybe we could change it by a half of a percent or something, you know, but we actually didn't change it because. Because of the depth of the renovation on our properties. Now I am planning to have my next purchase from mid south homebuyers be a new construction home. There's the premium on the front end for me, my thought, and again, this gets into individual investor strategies, but my son is three years old. I plan to leave my entire portfolio to him, and my simple thought about it is that, you know, I have wonderful performing properties, the oldest of which was built in 1927 actually, and a lot of my renovated. It's a gorgeous one, by the way, a beautiful neighborhood, and it's been a great property for me. A lot of my inventory was built in the 60s and 70s. But when I think about Rhett, my son, baby, selling a house in 30 years. I have a feeling that 2024, build is going to do him very well. What kind of buy and hold investor Are you? Are you a 15 year or you will leave them to your kids? That's an angle to think about for sure.    Keith Weinhold  30:55   Well, actually, that's a great next thing to talk about the investor life cycle in the life cycle of a property that's in your portfolio. Talk to us more about when the right time is to sell an investment property. I mean, should we just buy and hold forever and leave it to our children, or is there an ideal exit time? So from your perspective, why don't you talk to us some more about that timing?    Terry Kerr  31:18   And again, that's just going to be case by case, we've got folks that'll sell a house to put their kids through college. We have had folks to sell their houses when they need to move their parents into assisted living, folks that'll sell their houses when they're looking at retiring. It's typically, life happens and you've got that equity there, and when the time is right to tap it, it's nice to know it's there    Liz Nowlin  31:44   lot of different ways to look at it. I've actually toured with selling my 1927 house in the next year or two, before that magic 100 year mark. Yes, for people, you know, and is that gonna do things? But really it's been a great little performer for me. I talk to investors so frequently, and I've heard more than one seasoned investor tell me they wish they'd never sold a single house they ever sold. Just wish, they wish they could hit a button and own everything they'd ever owned. And I'm a die hard buying holder, but I don't think there's a magic time in the sense of, you know, a question I get, maybe some from sometimes a newer investor is, when will my house need another renovation like the one you just did? And the answer is never right. We're going to cosmetically bring it back up between every renter every time. And so you're really just left working with the individual lifespans of those big components, right? And those are relatively staggered out, with maybe a water heater at the shortest, at a roof at the longest. And I think for the most part, this might vary per market. And Terry, I'd like to know your thoughts, but I think genuinely, you'll probably get a higher price by spending the money to replace versus selling for less having not replaced that item. You know. Say, trying to say, Okay, I'm going to sell in my roof is 29 years old, is probably better just replace it.   Terry Kerr  33:04    Yep, I agree. Because you know, if I'm a buyer and I'm maybe not a flipper, but a buyer, and I'd rather buy a house and spend 100,000 bucks on a house that has a new roof, than buy a house for $94,000 with an old roof. Because I know that old roof, if it leaks, it can cause a lot more damage than just the cost of replacing the roof. So I agree.    And from an ROI perspective, if I'm a financed investor, which about 80% of our investors are, I'm financing that new roof when I buy it with a mortgage, and I'm a great point pay out of pocket the next year. So that's a rub. And then very specific, of course, to our clientele. Terry, how much does it cost us to put a new roof on 1000 square foot house? 4500 bucks. That's we're putting on 700 new roofs a year. The roofers are paid by us by the hour. We are buying the shingles in bulk. And on top of that, we don't mark up maintenance and materials for our investors. So for that one story, 1000 square foot house, that's what my investor cost for us to put a new roof on for them is going to be but a potential buyer is going to look at that home and think it's a $7,000 roof that was great   Keith Weinhold  34:17   to learn about how you renovate properties for investors between tenancies there, so that properties don't get excessively dated. And we've been talking about a lot of the physical things that go into a property with that investor deciding what their exit strategy is going to be. Another thing that informs me are the numbers. When I get to about 40% equity on a property, I know my leverage ratio has now been cut down to two and a half to one, and that's when I look to do something maybe a 1031, tax deferred exchange. Or alternately, if it's a property that I really like, do the cash out refinance, get a tax free windfall with the cash out refinance, and get to hold on to the property at the same time. So of course, that's another way to approach it From the number side, rather than so much the physical side. But there sure is a lot to consider there. And you brought up heirs as well. This has been a great chat about the operations of a property, and just how you advise investors in there. Is there maybe any other question that comes up from investors a lot of times with how they should approach a property and the pros and cons within   Liz Nowlin  35:22   we've seen a lot of great growth, but when we're newer into a neighborhood that we've just kind of started putting our foot in as we stay we meaning mid south home buyers renovating and escalating those properties. That's where we've seen some of the biggest rent jumps and some of the biggest depreciation jumps, but it was kind of one of the lesser, prettier neighborhoods when we first offered that home to that investor, just kind of wrapping your head around all the different nuances to account for   Terry Kerr  35:49   yep, buying the path of progress. And fortunately, we've been able to create some of that progress in the neighborhoods that we've worked in throughout the years.    Keith Weinhold  35:56   If you're not sure where the path of progress is, and you buy on the line. A lot of times, you are the one that is creating that path of progress, and you've got enough bandwidth and volume in there to have actually done that on a number of occasions. How about something actionable? So many of our listeners have become investors there with mid south homebuyers. I imagine it is over 100 by now. So tell us about what you're doing, where you're active, between Memphis and Little Rock, renovated, new build. Really, where's the opportunity for an investor today?   Liz Nowlin  36:31   I'm pretty proud of us. I'll admit we just closed out 2024 having sold 680 houses. Wow. To investors, many of your listeners, and we're very careful. We've always done a little bit more every year. We don't buy everything we could buy. I always say my acquisitions team is not out there thinking about me and my wait list. One of my favorite sayings of Terry's is, you know, pigs get fat, Hogs get slaughtered. And I love the slow, careful way that we do things, but it was still pretty cool to do 680 we're still about, I'd say 75% Memphis, Tennessee, 25% Little Rock.   Terry Kerr  37:09   Yes, that's about, right? I would say also probably about maybe 15% new construction on 85% rehabs, maybe 20% new construction now, yeah   Liz Nowlin  37:20   And our sweet spot is still, well, still, it's that 100,000 to 200,000 that that window has slowly moved up through the years, very much to the benefit of investors as their investment seasons with time. I think we were 46,000 to 86,000 when I started in 2009 so been awesome to see the growth Memphis and Little Rock has had and so yeah, we're still kind of cash flow first appreciation is the icing on the cupcake. There are cupcakes have had more icing than we ever anticipated. If you go to midsouthhomebuyers.com and click on those available properties, they are under contract to investors at the top of the wait list, but they are identical to the houses I will have for anyone that is listening. We're so formulaic, 365 days a year, the cheapest house I may ever have is on that website. The same for the most expensive. We have just kind of figured out what works, and we hit it hard. And you can see the running theme with the kitchens and everything else.   Keith Weinhold  38:22   Well, congratulations on the total volume that you did last year. That's almost two homes a day, including weekends and holidays and everything else. That's really terrific. Yes, I, for the listeners here, have often, over the years, made these examples using a 100k property, but inflation and appreciation has also made it such that I can't do that anymore, maybe, just maybe in Memphis and Little Rock, I still can for a decent rehabbed property in a pride of ownership neighborhood for as little as 100k and that's one reason why so many investors have made mid south home buyers the place that they go for their First ever Income Property across state lines. They really know how to serve that audience, and you've been doing that for our audience for more than a decade now, and you continue to have this really robust interaction with investors. Liz, you do a lot of phone calls with people. You're really proud about what you do there. So proud that you offer field trips,   Speaker 2  39:19   please. I hope folks come so many folks never do so. If for anyone that prefers to do it from your living room, you are in the 95% norm if you never come to town. But man, it pushes folks confidence through the roof. So many of my investors are from high cost of living areas where you cannot get a parking spot in a war zone for the price that we are selling fully renovated houses, we have a deposit taken for a renter from every house I ever offer that really is cash flow from day one, and folks will really see the neighborhoods and that. I can't stress that enough. In fact, one thing that happens so if folks come up, you can sign up for the tours right on the website. It's on the far right, says, come visit us. This, you'll see a drop down with all the dates we do, monthly tours in Memphis and quarterly tours in Little Rock the day before. So you can come out and hit both. You kind of do a Thursday, Friday tour. You'll tour facilities. You'll see the warehouse and all that kind of stuff that I'll find. You know, our vans, we pull it, throw everybody in vans. We're listening to Memphis music and talking the whole tour, and people will want to pour out of that van right into the house. And I actually back everybody back out. I back them back into the front yard. I want to talk to you there and say, look left, look right. This is $120,000 neighborhood. Y'all. I can send you photos of the inside of the house all day, and you're going to get the same great house whether you buy from your living room. But I love it when people get to see that. I'll go ahead and say we do give gift cards to the best barbecue in town at the end of the tour, in addition to a $500 closing cost credit, just as a thank you for coming out and yeah, I love the tours.   Keith Weinhold  40:53   I really appreciate the two of you. Here we are, the three of us, more than a decade after we started talking about the properties and what you offer investors here, and it's just rare to have continuity like that. You can learn more at midsouthhomebuyers.com Terry and Liz, it's been valuable as always.   Terry Kerr  41:13   Thanks so much, Keith. Always enjoy it   Keith Weinhold  41:15   when we talked about pets, did Liz say something about skinning the cat? That would have to be one of the worst pet policies that I have ever heard of. And yeah, I think that long term, you know, the three bed, two bath style that has been so popular in rentals. But today, there are fewer occupants per household than there was 10 years ago and 20 years ago. Okay, that has long been a national trend. So in a lot of instances, two bedrooms can be better than three and one bathroom can be better than two, especially in that case of a sole occupant. And do you know where your best feedback is gonna come from? From what would most improve your unit's appeal to the market? It is not an online resource at all. It is from a showing where your tenant prospect did not want your unit. They know they are in the market. In fact, they are more aware and in tune with the market than you are, because they might have looked at, say, five units in just the last two days, and they might have done that in person. So they will tell you why they did not want the unit, whether the rents too high, or they don't like the parking situation, or your place needs to be closer to the train station, or your only bathroom is upstairs, something that reduced appeal for some of my own properties in the past. But yeah, this, I'll call it an exit interview of your prospective tenant. I mean, that is valuable, or you can have your manager do it well, the one place that really knows what tenants and investors want is with Terry and Liz there. That's why they have been in business since 2002 with 1000s of investors like you. And it's also why when there is an investor wait list for their properties, and you get to the top of the wait list and close on your property, so many investors just get right back in line on the bottom of their list and work the way up again for their next property. They get lots of repeat business. You can do this too. Get started at midsouthhomebuyers.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  43:49   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively,   Keith Weinhold  44:17   The preceding program was brought to you by your home for wealth, building, get rich, education.com      

In this week's episode of the podcast, we explore the power of creative financing as a problem-solving tool in real estate investing. We share personal insights from recent deals and discuss the importance of community support, education, and negotiation skills when working with sellers. We also cover practical strategies for structuring creative financing deals, emphasizing the need to understand seller motivations, know your numbers, and stay flexible during negotiations.Key takeaways include:Creative financing is about solving problems, not just structuring dealsDirect engagement with sellers is crucial for successful negotiationsUnderstanding the basics before seeking help will set you up for successCommunity and mentorship can enhance your confidence in creative financingNot all creative deals are good deals—know your numbers and establish clear metricsTune in to this episode for actionable insights and encouragement to embrace creative financing as a powerful investment strategy!Other WIIRE episodes we recommend in this episode are…Episode 33Episode 34Episode 35Episode 36Episode 37Episode 38Episode 123Episode 124Episode 125Episode 126Episode 127Episode 128Episode 129Thanks for listening, friends!  Resources:Simplify how you manage your rentals with TurboTenantLearn about our WIIRE Bookkeeper & CPA ServicesGet access to Jenn & Joe Delle Fave's Creative Finance PlaybookGet your name on The WIIRE Community waitlistGrab your copy of our book, The Self Managing LandlordLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode, we're breaking down the process of buying and selling off-market real estate deals—without a realtor. We also share personal stories, success stories from our WIIRE Community members, plus actionable steps to navigate off-market transactions confidently. Whether you're considering self-managing a purchase or just curious about how off-market deals work, this episode will provide the insights and strategies you need to succeed!What you'll learn…How to buy and sell properties without a realtorEssential components of a strong purchase agreementThe role of earnest money deposits and disclosuresWhy working with an investor-friendly closing company is crucialHow community support and expert guidance can simplify transactionsThis episode is packed with details you won't want to miss!Thanks for tuning in, friends. We'll catch you in the next episode!   Resources:Simplify how you manage your rentals with TurboTenantGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

“Your network is your net worth.” Brooke embodies this philosophy by generously sharing her knowledge, fostering connections, and empowering new investors. Alongside her trusted team and partners, Brooke has built and continues to grow an impressive portfolio in both Canada and the US. She leverages diverse strategies, including Lease Options, Income Properties, Wholesaling, and Private Lending, to achieve success in real estate. On this episode we discuss:  - Leaving Ontario to invest in other markets - Transitioning from Rent-to-Own and Private Lending to multifamily properties and flips - Setting up your investments to ensure that the legacy you leave lasts You can reach out to Brooke Shang by visiting https://trustyourtalent.ca/topics/brooke-shang-2/ Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” Subscribe and review today! Instagram Youtube Spotify Apple Podcasts

In this podcast episode, we're chatting about the importance of year-long tax preparation for real estate investors. So many new investors (even seasoned ones) don't realize how important it is to be proactive with your bookkeeping. We also review the understanding of tax documents such as W-9s and 1099s and the significance of tracking mileage and estimated quarterly payments. The conversation also covers insights from our recent CPA meetings, highlighting strategies to maximize tax savings and ensure compliance throughout the year.If you haven't already, please take 2 minutes and leave us a review:

In this WIIRE episode, we tackle a topic many property owners encounter: firing a property manager and transitioning to self-management. Drawing from our own experiences and insights, we dive into the common pitfalls of working with property management companies, how to evaluate contracts, and the necessary steps to ensure a smooth transition.Whether you're frustrated with your current property manager or considering self-management, this episode offers actionable tips to help you protect your investments, maintain tenant satisfaction, and simplify the process.Bonuses from this episode:Get your name on The WIIRE Community waitlist; doors will open again in March!Grab your copy of our book, The Self Managing LandlordGet access to The Savvy Self Manager courseThanks for tuning in this week; we'll catch you in the next episode!  Resources:Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back to another episode of the podcast. Today, we are diving into our best tips and tricks when it comes to ditching your full-time W2 and becoming a full-time real estate investor. At WIIRE, that is our ultimate goal: to give you a choice to become W2 optional, and we're diving into our personal situations when we left behind our full-time jobs and things to think about when making this big, life-changing decision.You may not want to quit your W2, and that's totally okay! We hear this a lot: some people genuinely love their job, but we want to help equip you with the tools to make this choice so you can live your dream life, whatever that looks like for you!Thanks for listening, we'll catch you next time!   Resources:Join our Self-Manage Your Rentals for Maximum Profit in 2025 WebinarBe the first to know when doors open again to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Happy 2025, WIIRE listeners! We are so thrilled to have you back because while we gave you a recap on our 2024 goals in our last episode, this week we're talking all about our 2025 goals: personally, professionally, and our goals for WIIRE! If you have never written your goals down before, we encourage you to take a few minutes, put pen to paper, and jot them down. It is truly amazing the impact writing down something can have. Then, put those goals somewhere you will see them, every single day to keep you accountable.We both struggle with goal setting and we're pretty proud of our accomplishments in 2024 and truly excited to see what 2025 has in store. A few items we mention in this episode are:WIIRE CommunityCEO Bootcamp RelaunchWIIRE Retreat WaitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyWe'd love to hear your goals for 2025, so tag us @wiire.community or send us a DM and share them with us! Let's make 2025 an amazing year, together!   Resources:Join our Self-Manage Your Rentals for Maximum Profit in 2025 WebinarBe the first to know when doors open again to The WIIRE CommunityJoin our private Facebook CommunityConnect with us on Instagram

Hey friends! Thank you so much for joining us for the last episode of 2024! In this episode, we're giving you an update on the goals we set back in Episode 80; we're sharing what we accomplished, what goals we pushed off, what goals weren't even on our list but decided to tackle anyway, and some of our most memorable accomplishments for 2024. We are also giving you an update on our goals for WIIRE, plus a peek at how all of our goals changed and pivoted throughout the year.We are so grateful for each one of you tuning in and hope you have an incredible close-out of 2024 and warm welcome to 2025!Let's get started!   Resources:Join our Self-Manage Your Rentals for Maximum Profit in 2025 WebinarBe the first to know when doors open again to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back, WIIRE listeners! We are so amped to have you join us because today, we are joined by another incredible female investing powerhouse, Victoria Chavez. Victoria is another one of our cohort leaders in the WIIRE Community, and this episode is packed with amazing nuggets and takeaways. In this interview, Victoria shares her best tips for buying or starting a property management company, how to onboard better tenants, and answers so many questions we showered her with, so graciously!Victoria began investing in 2022 and owns 3 LTRs (long-term rentals) and 1 storage unit, plus she owns a property management company! Victoria holds a bachelor's degree in chemical engineering and a master's in winemaking. She also owns Spearhunter Wines, which gives her a unique perspective that she shares openly.See what Victoria is up to next over on Instagram, we hope you loved this episode as much as we did!Thanks for tuning in; we'll catch you next time.  Resources:Connect with Victoria on InstagramLearn about Victoria's Property Management servicesCheck out Victoria's wine collection, Spearhunter WinesBe the first to know when doors open again to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey friends, welcome back! It's been a while since we talked bout the BRRRR method, and if that's your jam, you're in luck because today we are joined by our friend (and WIIRE Cohort leader!), Maria Koch. In this episode, Maria talks about flipping and the BRRRR strategy, tactical insights on her REI business that you can implement, and shares her incredible story, which we know will leave you feeling inspired!Maria started investing in 2020 and is based in Kansas City, Missouri. She has a rental portfolio of 10 doors but has done more deals, and her husband is a general contractor - so she gets to see the action from both sides. With more than 20 BRRRRs and flips under her belt, Maria shares how being an agent has helped her sell her own deals and get the best bang for her buck, even in the toughest market.Want to know more about Maria? Check out her website or follow her over on Instagram.We hope you love this episode as much as we do. Thanks for tuning in!   Resources:Follow Maria over on InstagramVisit Maria's websiteBe the first to know when doors open again to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey friends! We're happy to have you join us this week because in this episode, we are joined by our friend, Katie Neason. Katie is a genius when it comes to all things redevelopment in the world of real estate investing. Having done almost 50 residential units and 15 commercial units, Katie has taught us so much and has a wealth of experience she shares freely.Katie first began investing in 2006 and stepped into the world of redevelopment in 2016, and now hosts her signature course: Rookie Redeveloper. Katie has also joined us on a WIIRE Retreat and shares a few insights on what it looks like to attend, plus has a bonus freebie, just for WIIRE listeners!To see what's coming up next for Katie, and see updates on her project, the Francesca, follow her over on Instagram!Thanks for listening, friends! We're so grateful you tuned in and we'll catch you in the next one!   Resources:Learn about Katie's signature program, Rookie RedeveloperSee what Katie is working on next over on InstagramCheck out Katie's websiteGet your name on the waitlist for our upcoming WIIRE RetreatsBe the first to know when doors open again to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey friends! We hope you're ready for a fly-by-the-seat-of-our-pants episode because while we did carefully plan out this episode to talk about super-fun tax season prep, we decided to scrap that and talk about something way more interesting (and fun) - common real estate investing mistakes we've actually witnessed. These aren't just from stories we've heard or heard from other investor friends, but first-hand accounts and stories.We are always looking for inspired new topics to chat about on the podcast, so if you have a question, something you'd like to hear us talk about, or someone you think we should interview, connect with us on Instagram!We'll catch you in the next episode!   Resources:Use Backflip in your REI bizCheck out all of our free resources hereBe the first to know when doors open again to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back to the podcast, friends! We are excited to have you join us and meet Laura Slides, a true boss-babe in the world of real estate investing with lots of perspectives to share. Laura is located in the suburbs of Philadelphia, has done over 10 flips, owns 2 short-term rental properties, and has strategized to get her flipping process down to only 3-6 weeks! In this episode, Laura shares her recipe for success in flipping, and we talk about her AirBNB and tax strategies!Laura is also a cohort leader inside the WIIRE Community, so if you want to hear more from her, make sure you get your name on the waitlist for when doors open again in the new year! You can also connect with Laura on Instagram to see what BIG things she has coming up next!We'll catch you in the next episode!   Resources:Connect with Laura on InstagramCheck out Baselane for your REI bizLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

This Flashback Friday is from episode 212, published last May 11, 2011. Jason Hartman profiles 30 investment markets nationwide. What does the future hold? The unique characteristic of our market forecast is that we go beyond the traditional method of forecasting appreciation only to profile the income property return on investment for each market area. More at: JasonHartman.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com    

This week, we're diving into the world of self-storage with our friend Bree Hartman. Bree is based in Sacramento and owns three single-family rental properties and 84,000 square feet of self-storage property! Bree is also the owner of Self Storage School. In this episode, we are busting self-storage myths, and how to systemize your self-storage investment properties so they can truly be passive income investments.Bree is a vibrant source of joy and fun and has been a member of our CEO Bootcamp and has also attended one of our WIIRE retreats, so she truly knows our love language. We are so excited for you to get inspired by her story about how she has designed her dream life through real estate investing.You can learn more about what Bree is up to by following her on Instagram, but if you listen to the episode all the way through, you'll get her personal cell number, where you can reach out to her via text!Thanks for tuning in, friends. We'll catch you in the next episode!   Resources:Get the details on Bree's Self-Storage SchoolConnect with Bree on InstagramUse Backflip in your REI bizLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

This Flashback Friday is from episode 204, published last February 16, 2011. We're putting enough real estate and business brainpower in one room to make Donald Trump flinch. Enjoy this content-rich sampler of "Meet The Masters" our twice annual powerhouse educational event that can revolutionize how you think about money and wealth.  Listen at: http://www.jasonhartman.com/radioshows/.  Will you be any closer to financial freedom in one year?     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

Welcome back, friends! If you are a long-time listener (or even if you're a new WIIRE follower) you have heard us share things we are commonly asked in our day-to-day. Today, we're sharing our answer to another one of those burning questions - and this one is a long time coming… we're diving into why we never got our real estate licenses!Don't forget! Doors to our new WIIRE Community are now open, but not for long. You can be a founding member, but don't wait too long because once the doors close, you'll have to wait until 2025 to join, so act fast!We hope to see you inside the WIIRE Community!   Resources:Check out Baselane for your REI bizJoin the WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hello everyone! We are SO pumped for this episode because we are finally spilling the juicy deets and unveiling the WIIRE Community Membership, and registration officially opens TODAY! We're sharing exactly what the community looks like, the benefits you'll get from joining, and what to expect once you're inside!If you join before November 10, you'll be one of our founding members and lock in the lowest price, plus, you can join us on November 11 for our virtual happy hour!We hope to see you inside!   Resources:Use Backflip in your REI bizGet your name on the waitlist for the WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey friends! We're joining you today with something many have been asking for for a very, very long time… a LIVE coaching session! In this episode Grace is getting LIVE feedback from Amelia on a potential pivot she is considering in her REI business. For context, Amelia was given no background, only a slight heads up that this was happening, so you will be getting very real and raw responses and reactions.This episode is super special and probably one of the most fun episodes we have done (you know how much we LOVE the hot seats that happen at our WIIRE Retreats), so we hope you love it!Plus, we are sharing some BIG deets on the WIIRE Community, which is coming in HOT!Thanks for listening, friends!   Resources:Check out Baselane for your REI bizGet your name on the waitlist for the WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey WIIRE podcast listeners! This week, we're welcoming back one of our closest friends, Jessie Dillon. Jessie joined us back in Episode 22 (tune in here!) and has joined us on not one, not two, not even three WIIRE Retreats, but FOUR WIIRE Retreats! Jessie is an investor who started her REI journey in 2022 and now owns 17 units across multiple buildings.We're deep diving into…Her multi-family partnership dealThe importance of communityHow to go about vetting partnersPlus, Jessie gave some great value-add tips, you won't want to miss a second of her interview. Want to know what is coming up next for Jessie? Connect with her over on Instagram!Thanks for listening, we'll catch you next time!   Resources:Use Backflip in your REI bizJoin our WIIRE Networking Extravaganza on Wednesday, October 23 at 7pm CentralListen to Episode 22: MTR Rent by the Room with Jessie DillonFollow Jessie over on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back, friends! This week's podcast topic comes courtesy of a convo we recently had at our retreat and we are breaking down all things lowball offers. We hear so often how scared people are to make lowball offers. We get it because we've been there, and we're sharing our personal experiences to help you make it a little less scary.We are sharing…Or take on exactly what a lowball offer isConcrete examples of lowball offers we've made in our REI businessesWhat to do if a realtor won't lowballHow you can follow up and still get a dealPlus, we are sharing something super exciting coming down the pipeline for WIIRE, so make sure to listen all the way through! Lastly, we hope you'll join us for our upcoming webinar on Wednesday, October 23 at 7pm Central, all about cashflow killers.Thanks for tuning in this week, friends   Resources:Check out Baselane for your REI bizJoin us for our Cashflow Killers webinar on Wednesday, October 23 at 7pm CentralLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey there, friends! Grab your favorite beverage and be ready to take notes because in this podcast episode, we are joined by guest Erin Foudy. Erin is not only our friend, but a WIIRE community member herself, and in this episode, she's talking the importance of community, and how the WIIRE Facebook Group played a factor in her REI journey, as well as shares her personal transformation from a WIIRE Retreat.Erin is the queen of killing the 1% rule and owns 6 units across 3 states, investing in Missouri, Arizona, and Colorado. Erin is sharing her story on how she went from being $40k underwater in her first investment home to absolutely killing it in the world of real estate investing. Her story is a perfect example of how ‘time heals all' in real estate. She also shares the deets on how she funded, refinanced and reused her money to keep her momentum consistently moving the needle forward.Want to know more about Erin? Connect with her over on Instagram, and also follow her Colorado Vacation Rental Insta account as well!Thanks for listening, we'll catch you next time!   Resources:Use Backflip in your REI bizConnect with Erin on InstagramGet inspired by Erin's Colorado Vacation Rental Insta accountLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey there, WIIRE community! Welcome back to another podcast episode. This week, we are joined by our friend (and OG WIIRE follower since 2020) Amanda Rockrohr. Something unique about this week's episode is that we filmed it live, onsite, in the Convertkit studio and in a nutshell, our businesses have grown up together.In this episode, we talk about…How Amanda got started in REIWhy she was compelled to start posting on InstagramThe challenges they faced head on when they had to shut down their business when the pandemic turned the world upside downHow reading a single book can change your entire mindsetAnd so much more…Plus, Amanda is sharing easy tips for couples who work together and the deets on their upcoming couples retreat! You won't want to miss a second of this interview so get comfy and ready to feel inspired.Thanks for listening friends, we'll see you next week.   Resources:Check out Baselane for your REI bizConnect with Amanda on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hey friends, welcome back to another WIIRE episode! We are chatting this week with our friend Stacey St. John who shares with us how she built her STR team after starting out with an accidental rental! Located in Cincinnati, Stacey invests in the Myrtle Beach, South Carolina and Hocking Hills, Ohio markets. She started her investing journey in 2018 and pivoted into the STR market in 2020 and now owns 10 short-term rental properties and manages 34!We talk about the community Stacey has built and how she has trained her team to manage her entire portfolio, so you won't want to miss a second of this interview.Thanks for tuning in, we'll catch you next time!  Resources:Use Backflip in your REI bizConnect with Stacy on InstagramVisit Stacey's WebsiteCheck out Monday to get your business organizedLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

This Flashback Friday is from episode 173, published last June 11, 2010. Jason is feeling generous… Enjoy an entire free issue of The Financial Freedom Report.  Here is our source for innovative, forward-thinking investment property and home-based internet business strategies and advice. Income property investing is the most reliable path to wealth. History has proven it time after time. So, why do people still waste their time and energy with Wall Street's pitiful selection of junk stocks and laughably inefficient mutual funds? Who knows? Our guess is financial media payola and herd mentality – like buffaloes following the leader in a  blind charge over a cliff. Finally, here's your chance to discover how to create real wealth in America today. Obviously the question is “How do I get there from where I am?” This insurmountable hurdle is what stops most people. They have a hyper-inflated concept of how much money it takes to get started. The truth is,”Not That Much!” The sky really is the limit when you have access to the right information. Information that tells you whether or not an investment makes financial sense the day you buy it. You need to know: Why you shouldn't believe the “national housing market” myth:– 41 cities around the country hot for investing right now and the hottest micro-markets within them.– How to tell at a glance if a property is a sweet deal and, more importantly, how to avoid the portfolio killers.– Government policies that are destroying your savings, stocks, bonds, mutual funds and equity every single day.– Secret ways you can grow wealthy from inflation while everyone else is moaning “The Economy is Killing Me” blues.– How to apply unique arbitrage techniques to income property and skyrocket your wealth, while almost completely eliminating downside risk. These may be pretty bold claims but income and wealth education pioneer, Jason Hartman, has built a career and a company on putting his money where his mouth is. If you want to create the kind of life-changing wealth Wall Street and other investment schemes promise but never deliver, Jason's team of Investment Counselors would love to tech you how. They decided the best way to get this cutting-edge investment knowledge out to you is in a premium monthly newsletter, Jason Hartman's Financial Freedom Report. This newsletter is like nothing you've seen before. It vanquishes the guesswork and uses clear language to describe the strategies of how you can implement income property investing the right way. Re-create the exact steps Jason used to become a multi-millionaire. In addition, expect spot-on analysis of the real world of property investing in each lengthy, full-color, wealth creating issue. We strongly suggest that you do not take the risk of investing without it. If you are exhausted from trying what doesn't work and ready to create significant wealth in your life right now and protect what you've earned, the choice is very simple – Jason Hartman's Financial Freedom Report.  It's $197 annually for email edition; however, you can enjoy this issue with our compliments.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

Welcome back to another episode of the podcast. This week, we're sharing our favorite ways to leverage private money to grow your real estate portfolio. We're defining exactly what private money is, the terms, and other details to expect when utilizing it.If you are interested in finding out how you can use private money to your advantage to grow your portfolio, then grab a pen and notebook and get ready to take notes because it truly isn't as scary as you think. We also share why you might need to use private money AND 3 quick tips for finding private money, so make sure you tune in!If you want to learn more about how we're finding deals with current interest rates in today's market, grab your seat for our free webinar happening on September 25 at 7pm Central!Thanks for listening, friends!   Resources:Check out Baselane for your REI bizJoin us for our free webinar happening on September 25 at 7pm CentralBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Ready to hear an incredible story that will leave you feeling excited and empowered to take on the world of real estate investing? Buckle up because in this episode, Sara Nabozna shares all of the juicy deets on how she made over 6 figures on her very first short-term rental booking!Sara lives in NYC and has STR properties in the Hamptons and Park City, Utah. She began investing in 2021 and now has 3 doors, while still working her full-time job at Google, leading global creator partnerships.You'll hear some of Sara's numbers, hear us talk systems, and we dive into processes and time management techniques Sara swears by.Curious to see what Sarah's buying next? Head on over to Instagram to find out!We'll catch you next week, friends.   Resources:Use Backflip in your REI bizSee what Sarah's working on over on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

We're putting enough real estate and business brainpower in one room to make Donald Trump flinch. Enjoy this content-rich sampler of “The Masters Weekend” our twice annual powerhouse educational event that can revolutionize how you think about money and wealth. Will you be any closer to financial freedom in one year? Listen in and it can make all the difference if you simply have the courage to take action on your dream. The reality is you can fire your boss and live life on your own terms sooner than you think. Wall Street Investing Does NOT Lead to Financial Freedom. The following information might surprise you: Income producing properties are history's most proven wealth creator. Making money in real estate is NOT just for big spenders. There are investments out there which require very little cash up front, yet have the potential for exciting returns. It's a fact. The vast majority of wealthy people made their fortune investing in income property. Why do anything else? Learn every skill you'll need for success: analysis, acquisition, management and wealth preservation techniques. Our speakers come armed with the latest in shrewd real estate investing techniques, and will address such issues as: The smart way to choose your properties How to grab every tax benefit the law allows How to put together the most creative financing package possible The hidden power of the 1031 Exchange How to easily invest in dynamic growth markets outside of California In part two you'll hear one of Jason's articles from his “Financial Freedom Report” addressing Obama's rather scary comment; “we're out of money now” and why this can be great news for investors.  Our next show will be on asset protection and entity structuring with the author of “Lawyers Are Liars.”   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

One of the things we're frequently asked is how we knew when it was time to start delegating in our business and exactly what that looked like. So, in this week's episode, we're detailing what made us finally pull the trigger and hire out in our biz (both in our personal REI businesses and with WIIRE!) and how we did that. We're diving into tasks we outsourced and how we trained our new hires to set everyone up for success.Plus, take the next steps to getting your REI business super organized (and keeping it that way) and grab our free SOP Templates download!We're so grateful for each of you; thank you for tuning in!   Resources:Check out Baselane for your REI bizLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram