Podcasts about rental properties

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  • 762PODCASTS
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    Best podcasts about rental properties

    Show all podcasts related to rental properties

    Latest podcast episodes about rental properties

    BiggerPockets Daily
    591 - Is the 500 Hours It Takes to Learn Investing Worth It? Yes. Unless… by Scott Trench

    BiggerPockets Daily

    Play Episode Listen Later May 28, 2022 10:50


    https://www.biggerpockets.com/blog/is-the-500-hours-to-learn-investing-worth-itSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Real Estate Rookie
    Rookie Reply: How to Close on Off-Market Properties

    Real Estate Rookie

    Play Episode Listen Later May 28, 2022 9:13


    This week's question comes from Aaron on the Real Estate Rookie Facebook Group. Aaron is asking: What paperwork do I need to close an off-market deal? If presenting a cash offer, can it all be done between me and the seller? Do you typically ask for an inspection period?Off-market real estate deals can seem tricky when you've never done one before. For the most part, investors only deal with on-market deals where their real estate agent walks them through the closing process. When you're pursuing off-market deals, you're on your own (for the most part), but that doesn't mean that closing on a new deal has to be complicated.Here are some suggestions:Contact local real estate attorneys and escrow offices before closing on a propertyRemember to include purchase contingencies (like inspections) so you're not stuck with a bad dealSend in a letter of intent to the seller before presenting a formal offer to see where they standConsult a real estate attorney to draft up a legal, enforceable purchase and sale agreementWhen in doubt, lean on your escrow, title company, or attorney for the next stepsAnd more in the episode…If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Links from the ShowReal Estate Rookie PodcastReal Estate Rookie Youtube ChannelReal Estate Rookie Facebook GroupInvestNextCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-186See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Real Wealth Show: Real Estate Investing Podcast
    What Real Estate Investors Need to Know About Rental Property Insurance

    Real Wealth Show: Real Estate Investing Podcast

    Play Episode Listen Later May 27, 2022 24:59


    One of the big benefits of buy-and-hold real estate investing is the protection you can get from insurance policies. But, most of us have no idea how to interpret the documents to truly understand what's covered, and to be sure we've got all the coverage we need. And the last thing any investor wants to hear is that he or she is NOT covered for a particular situation when they go to file a claim.In this episode, you'll hear from the president of realprotect, Lee Rogers, and realprotect agent Taylor Stowe. They've been providing RealWealth members with the insurance they need for their investment properties, and will explain some important points about insurance in this interview. They also go into more depth in a recent webinar which you can access at realwealthshow.com. You'll find this webinar (and more!) under the Learn tab.If you're not yet a member of RealWealth, please take a moment to sign up at realwealthshow.com. RealWealth helps educate people on the creation of passive income with single-family rentals in desirable markets around the country. It's free to join and get access to the Investor Portal where you can see sample properties and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to subscribe to our podcast and leave a review! Thank you!

    Creating Wealth Real Estate Investing with Jason Hartman
    1848 FBF: Do-It-Yourself Property Management Strategies & Evaluating the Real Estate Investment Market in Birmingham Alabama

    Creating Wealth Real Estate Investing with Jason Hartman

    Play Episode Listen Later May 27, 2022 57:38


    Today's Flashback Friday is from episode 281 released last October 9, 2012. Jason Hartman has his mom back on the show to discuss her DIY property management/self-management strategies and one of her tenants who has occupying a property for 23 years - no vacancy! Then Jason interviews his Birmingham, Alabama Local Market Specialist (LMS) and talks to a caller/listener with some good real estate investing questions. Here's an excerpt from Wikipedia on this market: Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. The city's population was 212,237 according to the 2010 United States Census. The Birmingham-Hoover Metropolitan Area had a population of about 1,128,047 according to the 2010 Census, which is approximately one-quarter of Alabama's population. Birmingham was founded in 1871, during the post-Civil War Reconstruction period, through the merger of three pre-existing farm towns, notably, former Elyton. It grew from there, annexing many more of its smaller neighbors, into an industrial and railroad transportation center with a focus on mining, the iron and steel industry, and railroading. Birmingham was named for Birmingham, one of the major industrial cities of the United Kingdom. Many, if not most, of the original settlers who founded Birmingham were of English ancestry. In one writer's view, the city was planned as a place where cheap, non-unionized, and African-American labor from rural Alabama could be employed in the city's steel mills and blast furnaces, giving it a competitive advantage over industrial cities in the Midwest and Northeast. From its founding through the end of the 1960s, Birmingham was a primary industrial center of the South. The pace of Birmingham's growth during the period from 1881 through 1920 earned its nicknames The Magic City andThe Pittsburgh of the South. Much like Pittsburgh, Birmingham's major industries were iron and steel production, plus a major component of the railroading industry, where rails and railroad cars were both manufactured in Birmingham. In the field of railroading, the two primary hubs of railroading in the Deep South were nearby Atlanta and Birmingham, beginning in the 1860s and continuing through to the present day. The economy diversified during the later half of the twentieth century. Though the manufacturing industry maintains a strong presence in Birmingham, other businesses and industries such as banking, telecommunications, transportation, electrical power transmission, medical care, college education, and insurance have risen in stature. Mining in the Birmingham area is no longer a major industry with the exception of coal mining. Birmingham ranks as one of the most important business centers in the Southeastern United States and is also one of the largest banking centers in the United States. In addition, the Birmingham area serves as headquarters to one Fortune 500 company:Regions Financial. Five Fortune 1000 companies are headquartered in Birmingham. In the field of college and university education, Birmingham has been the location of the University of Alabama School of Medicine (formerly known as the Medical College of Alabama) and the University of Alabama School of Dentistry since 1947, and since that time, it has also become provided with the University of Alabama at Birmingham (founded circa 1969), one of three main campuses of the University of Alabama, and also with the private Birmingham-Southern College. Between these two universities and Samford University, the Birmingham area has major colleges of medicine, dentistry, optometry, pharmacy, law, engineering, and nursing. Birmingham is home to three of the state's five law schools: Cumberland School of Law, Birmingham School of Law, and Miles Law School. Birmingham is also the headquarters of the Southeastern Conference, one of the major U.S. collegiate athletic conferences.     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN   https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™:  https://www.hartmanindex.com/white-paper   Free Report on Pandemic Investing: https://www.PandemicInvesting.com   Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ…   Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

    Coach Carson Real Estate & Financial Independence Podcast
    #230: Which rental property debt should you pay off first? [Ask Coach]

    Coach Carson Real Estate & Financial Independence Podcast

    Play Episode Listen Later May 27, 2022 15:49


    Episode #230 - Coach Carson likes the strategy of paying off debt on rental properties. Learn why it's smart and how to choose which debts to pay off (i.e. debt snowball or debt avalanche). BOOK - Retire Early With Real Estate: https://www.coachcarson.com/retirementbook VIDEO - How to Pay Off Your Rental Property Mortgage Early - https://youtu.be/_hUIoK6Pz7I  Show notes (with transcript and links): https://www.coachcarson.com/rentaldebtpayoff/ ________________________

    BiggerPockets Daily
    590 - 5 Questions to Ask When Considering an Investment Partner by J Scott

    BiggerPockets Daily

    Play Episode Listen Later May 27, 2022 9:43


    https://www.biggerpockets.com/blog/questions-ask-investment-partnersSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Learn Real Estate Investing | Lifestyles Unlimited
    (May 26, 2022) Take Your Dreams Off-Hold by Investing in Rental Properties

    Learn Real Estate Investing | Lifestyles Unlimited

    Play Episode Listen Later May 26, 2022 36:08


    Returning from a week-long cruise from Seattle to Alaska, Al Gordon shares conversations he had with other passengers on how they can effectively fund a lifestyle filled with traveling by investing in cash-producing real estate assets.  Click to Listen Now

    BiggerPockets Daily
    589 - How My Journal Transformed My Productivity and Goals by Nathan Brooks

    BiggerPockets Daily

    Play Episode Listen Later May 26, 2022 7:36


    https://www.biggerpockets.com/blog/journal-transformed-productivity-goals-2018See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Creating Wealth Real Estate Investing with Jason Hartman
    1847: Dollar in Decline? Sustainable Investing & The Hartman Comparison Index™

    Creating Wealth Real Estate Investing with Jason Hartman

    Play Episode Listen Later May 25, 2022 31:47


    Greeting Empowered Investors! If you still don't believe that real estate is cheap historically, join Jason today as he shows you how prices stack up compared to 50 years ago. In today's market, it seems like the sky is falling and prices are higher than ever. Jason explores the home price to income ratio, declining purchasing power and how to combat this with sustainable investing. https://www.hartmanindex.com/white-paper Key Takeaways: Jason's editorial 1:03 Invest in places that make sense! 2:49 Where is the market going? 3:50 Saying vs. Doing 7:52 Declining purchasing power; what is the market doing? 12:10 The Case-Shiller National Index in US Dollars and gold 16:33 Compared to what? Gold versus a median priced house 21:09 Houses versus USD and Gold in grams 24:26 A meme to illustrate the housing shortage 27:27 Segmenting the housing inventory based on prices 29:27 Write us a comment or review to enter our $50 Amazon Gift Card raffle giveaway. Claim your prize at JasonHartman.com/Ask Mentions: The Hartman Comparison Index Case-Shiller Index PricedinGold.com Follow Jason in Instagram https://www.instagram.com/jasonhartman1     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN   https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: https://www.hartmanindex.com/white-paper   Free Report on Pandemic Investing: https://www.PandemicInvesting.com   Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ…   Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )
    Should I Quit My Job To Become A Real Estate Investor? (Edmonton, Alberta, Canada)

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )

    Play Episode Listen Later May 25, 2022 66:10


    Ready to become a Real Estate Investing Master? Join the Mastery Mentorship Program! www.reimasters.ca   Fix and Flip Bus Tour on June 4th in Edmonton. Register before it's sold out! https://www.eventbrite.ca/e/edmonton-fix-and-flip-bus-tour-tickets-333908979747   (Edmonton, Alberta, Canada)

    BiggerPockets Daily
    588 - How One 30-Year-Old Built $40,000/Year Passive Income in a Few Years by G. Brian Davis

    BiggerPockets Daily

    Play Episode Listen Later May 25, 2022 10:36


    https://www.biggerpockets.com/blog/zero-to-40000-year-passive-income-in-a-few-yearsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Real Estate Rookie
    11 Doors and Returning to Real Estate After an 8-Year Hiatus

    Real Estate Rookie

    Play Episode Listen Later May 25, 2022 44:58


    Today's guest, Alicia Marks, started real estate investing unintentionally in 2011 when she became an accidental landlord. It wasn't until eight years later, in late 2019, that she decided to intentionally invest in hopes of reaching her financial goals faster. Since then she has closed on five doors, has done one live in flip, and has six more under contract.Besides being a part-time investor, Alicia is also the BiggerPockets Community Manager. This direct connection to the BiggerPockets community has allowed Alicia to get more exposure to the world of real estate investing while also knowing first-hand how useful all the BiggerPockets tools can be. Alicia even found her partner through BiggerPockets! They started with only one deal to test the waters and had a very clear exit strategy in case it didn't work out. Thankfully they discovered the partnership worked well for both of them, but if it hadn't, Alicia would have been perfectly fine because of the exit strategy she put in place.After some major life changes, Alicia thought she'd pursue a dental career until she realized the people in the dental field were trying to get out and pursue real estate. It was then that she decided instead of accruing massive debt in hopes of reaching financial freedom, she'd return to real estate after an eight-year hiatus and begin her financial freedom journey right away!In This Episode We CoverThe importance of finding a solution-based property manager and how to maintain long-distance communication with themHow to find, manage, and build a lasting, beneficial relationship with contractorsExit strategies and why it's important to have them in placeHow to plan your exit strategies and how to know when it's time to implement themThe importance of structuring your partnership in a way that aligns with the strengths of you and your partnerHow to use private lender meetups to your full advantage and finding the perfect private money lender for youAnd So Much More!Links from the ShowAshley's InstagramTony's InstagramBiggerPocketsReal Estate Rookie Youtube ChannelReal Estate Rookie PodcastReal Estate Rookie Facebook GroupReal Estate Rookie BootcampBiggerPockets ForumsOn The Market PodcastJames Deinard's InstagramDave Meyers' InstagramOn The Market YouTube ChannelIs College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”How to Retire Early With Real Estate & Do What Matters More with Chad CarsonOuch! Brandon & David's 10 Biggest Investing Mistakes (& How to Avoid Them)AsanaConnect with Alicia:Alicia's BiggerPockets ProfileAlicia's InstagramCheck out the full show notes here: https://biggerpocket.com/blog/rookie-185See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    UX WEEKLY
    Kim Kardashian's Butt & Erika the Lawyer

    UX WEEKLY

    Play Episode Listen Later May 24, 2022 61:13


    In this week's episode, we discuss Dribbble video cards, meeting expectations without over committing yourself, Erika the Lawyer, and Kim Kardashian's butt in Marilyn Monroe's dress.The number 1 podcast for designer white noise!

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )
    Should I Increase Rents? (Edmonton, Alberta, Canada)

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )

    Play Episode Listen Later May 24, 2022 59:09


    Ready to become a Real Estate Investing Master? Join the Mastery Mentorship Program! www.reimasters.ca   Fix and Flip Bus Tour on June 4th in Edmonton. Register before it's sold out! https://www.eventbrite.ca/e/edmonton-fix-and-flip-bus-tour-tickets-333908979747

    Best Real Estate Investing Advice Ever
    JF2821: Short-Term Rental Property + Wedding Venue = $300K Annual Revenue ft. Bailey Kramer

    Best Real Estate Investing Advice Ever

    Play Episode Listen Later May 24, 2022 24:52


    By age 19, Bailey Kramer already knew that he wanted to channel his entrepreneurial mindset into commercial real estate. That was only two years ago. Since then, he has been learning, networking, and doing deals. Today he is GP of 64 units and a short-term rental property that is commercially zoned and allows weddings. In this episode, he shares how he broke into real estate at such a young age, how he acquired such a unique property, and his approach to financing. Bailey Kramer | Real Estate Background Founder and CEO of his eponymous company, Bailey Kramer, which focuses on long-term and short-term rentals. Portfolio: GP of 64 units and a short-term rental property that is commercially zoned and allows weddings. Bought his first investment when he was 20 years old. Based in: Orlando, FL Say hi to him at: baileykramer.com Facebook Instagram LinkedIn TikTok Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

    BiggerPockets Real Estate Podcast
    613: 6 Bite-Sized Steps to Buying Your First Rental Property

    BiggerPockets Real Estate Podcast

    Play Episode Listen Later May 24, 2022 62:19


    Buying an investment property is a lot like exercising. At first, you don't know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today's deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!David and Rob, unsurprisingly, started out like everyone else in the real estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They'll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!In This Episode We CoverThe two biggest hurdles that stop people from ever investing in real estateThe wealth-building “pillars” that all investors must know before they start investing Five common mistakes that almost every real estate rookie will faceWhy new investors should “commit” before they start educating themselves Using your network around you to find real estate leads, financing, and contractorsHow to analyze a deal for free using the BiggerPockets Rental Calculator And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastInvest in David and Rob's Next PropertyDavid's YouTube ChannelGrab Your Tickets for BPCon 2022Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“BiggerPockets CalculatorFind an Investor-Friendly Agent in Your AreaHear Our Episode with Rent By the Room Expert Todd BaldwinWatch David's Interview with CNN on Rising Interest RatesWork with David's Team at The One Brokerage on Your Next Home LoanConnect with David:David's InstagramDavid's BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    BiggerPockets Daily
    587 - 8 Things to Look for When Rehabbing Older Homes by Kevin Perk

    BiggerPockets Daily

    Play Episode Listen Later May 24, 2022 7:59


    https://www.biggerpockets.com/blog/subtle-and-not-so-subtle-things-to-watch-for-when-rehabbing-older-homesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Real Estate Masters Podcast
    #55 How to Buy Rentals with No Money Out of Pocket with David Dodge

    Real Estate Masters Podcast

    Play Episode Listen Later May 23, 2022 25:56


    David Dodge is a St. Louis Real Estate Investor with over 18 years of experience. He first started investing in Real Estate when he was in college, at the age of 20 while attending the University of Missouri-Columbia. David specializes in Wholesaling Real Estate as well as using The BRRRR Method to acquire Rental Properties with NONE of his own money!   You are in for a treat with our next guest. Do me a favor, subscribe to the podcast, leave us a review, and don't forget to go to REMCommunity.com to connect with some of the highest level Real Estate professionals in the United States through our community and through our high-level masterminds. Let's go.

    my millennial money
    520 tax time essentials! WFH, sole traders, shares & crypto, super contributions, two jobs, rental properties + more

    my millennial money

    Play Episode Listen Later May 23, 2022 47:38


    It's almost tax time, get ready to name it and claim it! Big thanks to accountant and m3 listener Aimee who joined Glen on the show to answer a bunch of your questions around:

    Creating Wealth Real Estate Investing with Jason Hartman
    1846: Tax Advantaged RE Investing & Real Estate Q&A, Jason Hartman Answers Your Most Urgent Questions!

    Creating Wealth Real Estate Investing with Jason Hartman

    Play Episode Listen Later May 23, 2022 38:28


    Today Jason gives an awesome report on the Wholesale Mentoring event last weekend and continues to educate listeners on why income property is the I.D.E.A.L. investment; not to mention the tax benefits it brings you as an investor! Then Jason and Gene Morris, one of Empowered Investor's clients, take a deep dive into the state of the housing market and answer some of your most pressing real estate questions! GIVEAWAY ANNOUNCEMENT! Weekly Amazon gift card giveaway raffle! Comment on one of Jason's YouTube videos and/or leave a review for his Creating Wealth Show Podcast to be entered into a random drawing. Two winners weekly! Comment on this video and leave a review here: https://podcasts.apple.com/us/podcast... Giveaway Rules: NO PURCHASE NECESSARY TO ENTER. Must be 18 years or older and a U.S. Resident. Void where prohibited. This promotion is in no way sponsored, endorsed or administered by, sanctioned, or associated with YouTube. Winners will be announced weekly and have 1 month to claim prize at www.JasonHartman.com/Ask.

    Optimal Finance Daily
    1900: 4 Lessons Learned From Our 2nd Rental Property by Julien Saunders of Rich and Regular

    Optimal Finance Daily

    Play Episode Listen Later May 23, 2022 12:40


    Julien Saunders of Rich and Regular shares 4 lessons learned from his second rental property Episode 1900: 4 Lessons Learned From Our 2nd Rental Property by Julien Saunders of Rich and Regular Julien and Kiersten started rich & REGULAR in 2017 after their stint in real estate investing led them to discover the F.I.R.E movement. At that point, they'd listened to their friends complain about doing everything right, and still not really "feeling" happy with the financial progress they'd made. Their blog became a place where they not only shared in their frustrations, but offered solutions to a richer and happier life. They could not have imagined that just a few years later, they would sign a book deal with the world's largest publisher, Penguin Random House. But that's not all. Their blog has afforded them opportunities to work with incredible brands, world-class media and into the fast-paced world of digital entrepreneurship. The original post is located here: https://richandregular.com/4-lessons-learned-from-our-2nd-rental-property/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

    BiggerPockets Daily
    586 - Want to Grow Your RE Investing Business? Stop DIY-ing by Alexander Felice

    BiggerPockets Daily

    Play Episode Listen Later May 23, 2022 6:54


    https://www.biggerpockets.com/blog/know-how-diySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    How to Scale Commercial Real Estate
    Retiring in 2 years Through “Aggressive” Rental Property Investing

    How to Scale Commercial Real Estate

    Play Episode Listen Later May 22, 2022 19:06


    Do you want to work only because you want to and not because you have to?   Rachel Richards has built a real estate portfolio of 38 units by the age of 26 and is now passively earning $20,000 per month. In this episode, she tells us how she stopped trading time for money by investing and opening up passive income streams other than real estate. She also shares why she continues to work and find ways to challenge herself even after “retiring” and achieving financial independence.   Rachel Richards is the best-selling author of “Money Honey” and “Passive Income, Aggressive Retirement.” Listen in to know more about her journey!   [00:01 - 07:54] Living off of $20,000 in Passive Income Monthly Rachel on being a finance nerd and on her experience in the industry Why people should look for off-market deals This is how she found their first duplex From self-managing to hiring property managers to self-managing again The biggest mistake they made so far Don't be cheap! Owning real estate out of state   [07:55 - 14:15] Passive Income Strategies You don't have to own a rental property to generate passive income Self-publishing and making $4,000-$10,000 a month  Rachel's goal to make income more and more passive Being a limited partner Setting boundaries and being more intentional  Looking at opportunities in mobile home parks and self-storage Screening syndications and doing due diligence   [14:16 - 17:55] Creating Impact Through Her Work Living freely and having time for things that fulfill them Writing to inspire others, especially women Doing what serves them and the people around them   [17:56 - 19:06] Closing Segment Reach out to Rachel!  Step into the path of financial freedom with Rachel's FREE Passive Income Starter Kit! Links Below Final Words Tweetable Quotes   “Being cheap can cost you a lot more money in the long run. This is not the place to cut corners when you hire people like contractors and property managers.” - Rachel Richards “Don't be afraid to invest out of state. It really forces you to be an efficient property manager and owner of real estate.” - Rachel Richards “I want to make a big impact and help as many people as I can. That's what I'm passionate about, especially helping women.” - Rachel Richards -----------------------------------------------------------------------------   Connect with Rachel! Follow her on Instagram and visit her website, Money Honey Rachel. Get her FREE Passive Income Starter Kit, and check out her books, Money Honey and Passive Retirement, Aggressive Income, to know more about money management, personal finance, and investing!   Resources Mentioned: Rich Dad Poor Dad by Robert Kiyosaki HOLD by Steve Chader The Hands-off Investor by Brian Burke Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   Rachel Richards  00:00 The great thing about moving away is that we've been forced to streamline, and systematize all of our processes and doing that has made self-managing so much easier. I was so afraid to move away. But owning real estate in another state is so freeing and it's a lot easier than I thought. So if that's anyone's hang-ups if you're listening, to don't be afraid to invest out of state, it really forces you to be an efficient property manager and owner of real estate.   Intro  00:27 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.    Sam Wilson  00:39 Rachel is the best-selling author of Money Honey and Passive Income, Aggressive Retirement. She built a real estate portfolio of 38 units by the age of 26. Rachel, welcome to the show.   Rachel Richards  00:50 Hey, Sam. Thanks for having me.   Sam Wilson  00:52 Hey, pleasure's mine. Three questions I ask every guest that comes on the show: 90 seconds or less, where did you start? Where are you now? How'd you get there?   Rachel Richards  00:58 I started my real estate investing journey in 2017. My husband and I purchased our first duplex that year. And within two years, we scaled our real estate portfolio from zero to 38 units. When people hear that they make some assumptions. So I'll get those out of the way. I'm not a trust fund baby. And I never made six figures from a job or career. So let's see, where am I? Now I am now investing in syndications. I've invested in eight syndications as LP as a passive investor, and I'm now financially independent and living off $20,000 per month in passive income.   Sam Wilson  01:35 Wow, that is really cool. Congratulations and a job well done. Zero to 38 units in over how many months was that?    Rachel Richards  01:43 24.   Sam Wilson  01:44 24 months. Okay, so you're buying a property? We're actually more than one and a half properties a month.   Rachel Richards  01:50 It was six buildings. 38 doors.   Sam Wilson  01:53 Six buildings. 38 doors. That helps. So you're not, one and a half transactions every single month. Got it? Six buildings. 38 doors. That's cool. Absolutely. Love it. Is this tell me? Is this all you're based in Denver, Colorado? Is this all in Denver?    Rachel Richards  02:06 This was all in Kentucky where I lived for 20 years.   Sam Wilson  02:10 Okay, cool. So you had some experience, obviously, in the local market there? What did you do? I mean, to identify that many assets and that short of a time, what were you doing to do that?   Rachel Richards  02:21 So I've always been a finance nerd. And my whole life proud of it. And I read Rich Dad, Poor Dad in high school. I, after college, I was a financial advisor. I also took a couple of jobs, working with a real estate investor and learning from him, and then working under a realtor. So I did have some experience in the industry. And I read every book I could get my hands on. One of my favorite ones is this book called Hold by Steve Chader. That one was really helpful in learning how to analyze properties. One of the important things I think, for people to do right now is look for off-market deals because the market is so intense. The MLS is saturated and competitive. And it's really difficult to find good deals if all you're doing is looking at the MLS. One of the ways we found our first duplex was pretty much an off-market deal. So we looked at the withdrawn and cancelled and expired listings on the MLS. And I was reaching out to those list agents to find out what happened. You know, why did the seller take it off the market? Did they change their mind? Are they is it going to come back up? And I remember feeling like I was pestering this one list agent about this duplex for months. But really, I was just trying to be polite and stay top of mind. And when the seller was going to relist it, she reached out to me first and she said, Hey, this is about to come back on the market. Would you like to make an offer, which was really beneficial because I could make my offer before anyone else did. And that is how we got that first duplex.   Sam Wilson  03:45 Wow, that's cool. Now, did you self-manage these? Or do you self-manage these? Are these be plugged in the property management company? How do you handle that?   Rachel Richards  03:54 We self-managed until we got to about 26 units, I think. And here's the thing, my husband and I were working full time. So we were working 40 to 50 hours a week, I was writing my book in the evening. And we were acquiring and managing our rental properties on our own on the weekends and everything. So once we got to 26 units, we were like we definitely need a property manager. And we've made our share of mistakes, hiring property managers as well. But now to this day, we're back to self-managing.   Sam Wilson  04:20 Okay, that's really Yeah, that's interesting, because you at some point, you're right. You need that outside help. But it sounds like there were some mistakes made along the way where that help wasn't so very helpful.   Rachel Richards  04:30 Absolutely. This is our biggest mistake to date. So my mistake is that I tend to be too cheap and being cheap can cost you a lot more money in the long run. This is not the place to cut corners. When you hire people like contractors and property managers. You don't cut corners here. So what we did is we were looking for a property management company and we you know, they charge you anywhere from 10 to 12%. And we had this couple that was working for us doing things like maintenance lawn care, they were so hard working, some of the hardest working people we've met, and they always went above and beyond. So we figured let's make them employees of our company, and they can be our property managers. We can save some money and be a little more hands-on in the way that we are training them and managing them to manage our properties, felt like a win-win, right? It was not, it was not a win-win. It was a win-lose. So everything started off great. And then about six months in my husband went to pick up rent from the onsite lockbox is one weekend, and he noticed a lot of rent was missing. And it was not just the normal tenant or to paying late, it was a significant amount. So come to find out this couple had stolen $6,000 in rent that weekend. And we found out they had been squatting in vacant rooms and units in our properties for almost a year. Devastating. Yeah, it was one of those occurrences where I was like, we should quit. This is not meant for us. This is awful. And that lasted for a few days. And I got over it, but it was devastating and such a violation of trust. And the moral of the story is that, again, this is not the place to be cheap. You need to hire a licensed, insured, properly-permitted, you know, everything reputable property management company, because if we had done that, and one of their employees had stolen rent from us, they would have been liable for the damages, not us. So it's embarrassing to share. Because in retrospect, it seems so obvious. It's so naive of us to have done that, but I share it in the hopes that others will learn from my mistake.   Sam Wilson  06:24 Yeah, no, thank you for taking the time to share that that is painful. I mean, I'm curious, you said your husband had gone to pick up rent from the on-site lock boxes. Now you live in Denver, and these properties are in Kentucky. So were you flying back to go pick up rent monthly?   Rachel Richards  06:39 No, we were still living there at the time. So we only moved to Denver a couple years ago.   Sam Wilson  06:43 Got it. Okay, cool. Wow, that's really intense.   Rachel Richards  06:46 Yeah. Now, we're not quite that dedicated. But the great thing about moving away is that we've been forced to streamline, and systematize all of our processes. And doing that has made self-managing so much easier. I was so afraid to move away. But owning real estate in another state is so freeing, and it's a lot easier than I thought. So if that's anyone's hang-ups if you're listening, that don't be afraid to invest out of state, it really forces you to be an efficient property manager and owner of real estate.   Sam Wilson  07:16 You know, I've heard that and I, let's see, do I own anything? I own stuff that's four hours away. So it's, you know, I guess that's, I mean, obviously involved as a general partner on deals that are much further away than that. So I get it. Yes, I'm trying to remember what that state where you're mentioning, we're allowed to and maybe hearing this and going, Gosh, I can't quite wrap my head around it. But you does all the things you just mentioned, where it's like, oh, you know what, I've got to find a way to solve this without going to the property. Got a way, to find a way to solve this, we're now taking all electronic payments, there's no checks, there's no cash being dropped off, like this is the way we do business. That's, in fact, a very freeing, freeing thing to get in place. I think once you've done that, tell me about your self-publishing journey. I know you've written the book. And I know I read the title out here and we kick this off, and I can't remember what it was now. But tell me about the title of that book. And then tell me about what's in the book and why you wrote it.   Rachel Richards  08:08 Yeah, so one of the great things about passive income is that you don't have to own rental property to create passive income. And so a lot of the things that I hear from people is like, well, I don't want to be a landlord, Rachel, I want to create passive income, but I don't want to be a landlord. And the great thing is, you don't have to be a landlord to generate passive income. There's a lot of other ways to do it besides investing in real estate. I have found self-publishing to be an amazing way to generate passive income. So in 2017, I self-published my first book Money Honey and it was the thing I did because I used to be a financial advisor. All my family friends came to me for financial advice, which I loved. At the same time, I thought, Well, why aren't they learning on their own? You know, why aren't they reading books, listening to podcasts? And I had this aha moment where I realized, oh, yeah, personal finance is boring, right? It's overwhelming. It's complicated. It's intimidatin for most people. No wonder people don't like to learn about it. So I thought to myself, How can I make this topic sassy and fun and simple? And that's where the idea for Money Honey came from. So I wrote it. I was really excited. Something I felt very compelled to do. I didn't really think I was gonna make money to be honest. I was so hesitant to invest in it. So I spent like $560 on the book launch thinking I would never make that money back. It was just a passion project. But I published it in September 2017. And to my surprise, to this day, it just took off. It resonated with female millennials, it started selling, spread by word of mouth. I was making $1,000 a month in profit for the first year. And I launched another book. And last year, I believe I made about $99,600, or something and profit from my two books. I was like, so close to becoming a six figure author, but it's still really amazing to think you know, these books now bring in anywhere from four to $10,000 a month in passive profit and it's just an example of you know, you don't have to invest in real estate to create passive income streams.   Sam Wilson  10:05 Right. No, that's absolutely true. I mean, it can be books, it can be other businesses. It can be, you know, a variety of things that you do. Tell me on, since we're talking about the money side of things. I know you said you're making about 20,000 bucks a month off your rental property off a 38 units. That's over 500 bucks per month profit per unit.   Rachel Richards  10:26 Yeah, and it's not that's including all my passive income streams. Okay. Yeah. So at one point, when we had 38 units, we were making 10 grand a month from those 38 units. It was about $260 per door.    Sam Wilson  10:26 Got it. Okay. Yeah, I was gonna say that's, it sounds pretty incredible. 500 bucks a door in profit every single month. So that's really, really awesome. Now, you're a limited partner in eight syndications, why are you going this direction, and not buying more active real estate?   Rachel Richards  10:55 So great question, real estate investing for my husband and I was always a means to an end, we never wanted to build this huge empire. And our goal was to get to 10k a month in profit from our rentals. And once we did that we wanted to stop, that was sort of our fat fire number. We could become financially independent and not have to work anymore once we got that number. So in 2018, we achieved that, and we stopped acquiring real estate and it shocked some people, you know, they were like, Well, why not build an empire of 200 doors or 250 doors? And we were like, well, that's not what we want to do. So we stopped. And I'm proud that we were able to do that, because you can really get caught up in you know, enough is never enough. And sort of always moving that goalposts further, but we were able to stop and be intentional about what we wanted to do with real estate. So that was why we stopped acquiring. Now why we've transitioned things is because the goal is to always make the income streams more and more passive. And back then when we were building up this empire, we had a lot more time than money. We started off pretty broke, in my opinion. Again, we didn't have, like I wasn't a trust fund baby. I wasn't making six figures, we were just scraping the money together to get 20% down payments, right? We did have time and we were willing to hustle to make cash flow. Now that we have a lot more money, we would rather invest in syndications, which are a lot more passive. So last year, we sold three of our big multifamily buildings. And we've transitioned that money into syndications. And it's a much more passive way to directly own and invest in real estate. So that's why we sort of change strategies.   Sam Wilson  12:31 Gotcha. Let's talk about what you are investing in right now. Are there certain asset classes you're favoring? Where do you see opportunity as a passive investor?   Rachel Richards  12:42 So I favor multifamily, just because I'm so familiar with it. And I can easily analyze those syndications. So that's my comfort. However, I really want to invest more in self-storage and mobile home parks. Because I think there's a supply-demand thing with self-storage right now. And definitely with mobile home parks, because it's a scarcity thing. It's a limited resource. And there's only so many and you're not allowed to build any more mobile home parks. So I'm really wanting to invest in more mobile home parks.   Sam Wilson  13:07 Right, you obviously talk about mobile home parks, you know, commonly on this show, and you've hit a lot of the highlights that kind of go into why that's still a great asset class, a great asset class to be involved in how have you gone about picking the sponsors that you are working with?   Rachel Richards  13:24 Great question, because picking the sponsor is almost more important than picking which syndication you're investing in. Because really, when you're deciding to invest in a syndication, you're placing your money with the person, you're trusting the person, and you need to find somebody that has enough knowledge, who's done this before successfully, who has the experience, and who's trustworthy. I've heard horror stories of syndicators running off with you know, 50k of somebody's money. And yeah, they'll eventually get caught and get thrown in jail, but someone's not gonna get their money back. So I definitely want to find good trustworthy people. I was making the mistake at first to try to go on Facebook groups and LinkedIn and reaching out to people. But the problem with cold contacting somebody is that no one can speak for them. No one can vouch for them for me. So the best way in my opinion, to find good sponsors or syndicators is to be connected to them through a mutual contact or friend who knows them and trust them and has already invested with them. So that is what I now do. I have a good network. And a book that I really recommend is the Hands-off Investor by Brian Burke. It is so good. It's very dry. It's very technical, even for me, and I'm a finance nerd. But it's something if you read it, like have everything you need to know to screen syndicators and to do due diligence on a syndication.   Sam Wilson  14:43 Righ. Yeah, I think I've read that book before. It's been a while, but I'll put that back on the list. And we'll certainly make sure we reference that. And also the whole book by Steve Chader. Yeah, we'll reference both of those there in the show notes. Questions for you. You said earlier when you guys had hit you or number that you said, Hey, we had units, X number of dollars in passive income. And we don't want to grow any bigger. That's not what we want to do is go bigger. What did you want to do?    Rachel Richards  15:11 We wanted to just live a free lifestyle, we wanted to work when where and if we want, a lot of people get bothered by my use of the word retire, because I still work. I still work on my business, I teach women how to invest in real estate, I have books, I have courses, I have programs. But the thing is, I work now because I want to not because I have to. And we now spend a lot of our time hiking and traveling. And we have free time. And we work again, because we have the choice to work. And that's because we want to do so it's about having the time to do what is fulfilling to us and not have to trade our time for money anymore.   Sam Wilson  15:52 Right. Absolutely. So what does the next five to 10 years look like for you? Because let's presume I mean, at some point, forgive me for my projects, you might be like, I hate this guy. You know, at some point, you know, the book sales may drop off that income stream may dissipate. And then if you're doing courses or some other stuff along the way, do you just keep building some other things that are generating passive income along the way? Is that really the plan? Or is there something there that you guys are shooting big for?   Rachel Richards  16:18 There's I have a lot of ideas, I have a lot of ideas and not enough time to implement them all. But one thing I know about myself is if I'm not building and creating something, I'm bored, so I don't see myself ever stopping or slowing down from that regard, I want to make an impact. And I want to make a big impact and help as many people as I can. That's what I'm passionate about, especially helping women. So I want to write more books, that's for sure. One of my dreams is to write a fiction book, actually, I've thought about becoming a general partner and being a syndicator myself or helping to raise capital. So that's a thought that I have, I definitely want to continue finding ways to invest in real estate, maybe as a silent partner, hard money lender, just continue to find ways to just do more things and challenge myself.   Sam Wilson  17:02 Got it. I love that. I think that's the fun part about it. And I really appreciate how you guys have defined what it is that you want. I think a lot of people, you know, they keep doing like you said they keep adding on to keep moving the goalposts because they see, well, that guy has a billion dollars in assets under management, why shouldn't I? Like, you know, why should I go out and do this or do that. But in the end, it was not what it is that it serves you or the people around you, it's probably not that fulfilling. So you got to do what it is that's in your heart and in your goal list of things to do. So I really admire you and your husband's ability to set limits on it and say, This is what we're building. And then we're done. At least with the real estate, you know, portfolio part. Yeah, obviously, like you said, you're either building or you're bored. You're always gonna be building something.   Rachel Richards  17:47 I think that's my new tagline. I like that I'm either building or I'm bored...   Sam Wilson  17:52 Guys, that's me. I wrote, building or be bored. So yeah. So that's really, really cool. Rachel, I've certainly enjoyed this. Thank you for taking the time, really to come on today and share with us your story of what you have done, are doing in real estate, publishing and everything else. I think it's a really cool story. It's certainly inspiring to the rest of us. If our listeners want to get in touch with you, or learn more about you what is the best way to do that?   Rachel Richards  18:15 Yeah, thank you, Sam, you all can follow me on Instagram @moneyhoneyrachel. And what I'd love to do for your listeners is if anyone wants to download my passive income starter kit, I will give that for free so they can go to moneyhoneyrachel.com/passiveincome to download that.   Sam Wilson  18:33 Awesome. And we'll make sure of course that we put that also in the show notes. Rachel, thank you again. Appreciate it.    Rachel Richards  18:40 Thank you.    Sam Wilson  18:41 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening. Thanks so much and hope to catch you on the next episode.  

    BiggerPockets Daily
    585 - How the K.I.T.E. Method Will Help Raise Money For Your Next Deal by Brandon Turner

    BiggerPockets Daily

    Play Episode Listen Later May 22, 2022 17:06


    https://www.biggerpockets.com/blog/raise-money-real-estate-deal-the-kite-methodSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Break Away from the Rat Race
    The Secrets of The Successfully Unemployed with Dustin Heiner

    Break Away from the Rat Race

    Play Episode Listen Later May 21, 2022 42:33


    Dustin Heiner is a real estate investing expert and Founder of MasterPassiveIncome.com Being Successfully Unemployed at 37 years old by investing in real estate rental properties, he is now on a mission to help everyone to quit their job and never have a job again. He also helps his students build successful real estate investing businesses all over the country. Through his work at MasterPassiveIncome.com, Dustin Heiner has become one of the leading real estate rental property experts. Dustin started MasterPassiveIncome.com from his home in 2015, while being a full time employee, married with 4 children, owning and operating 2 other businesses, and being a full time investor. He is very passionate about his mission to help others become successfully unemployed and never need a job again. In 2015, Dustin wrote his first book, “How to Quit Your Job with Rental Properties” which quickly became a best seller. From there, he began his new business helping others to invest in rental properties to quit their job. Since then, Dustin Heiner has helped countless numbers of other to start investing in real estate rental properties. Even if his students live in very expensive cities, he shows them how they can invest all over the country. How To Connect with Dustin: https://masterpassiveincome.com/instagram https://masterpassiveincome.com/facebook https://masterpassiveincome.com/linkedin https://masterpassiveincome.com/twitter

    BiggerPockets Daily
    584 - The Difference Between LLCs, C Corporations, and S Corporations by Scott Smith

    BiggerPockets Daily

    Play Episode Listen Later May 21, 2022 7:57


    https://www.biggerpockets.com/blog/difference-llcs-c-corporations-s-corporationsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Real Estate Rookie
    Rookie Reply: Should You Rent to a Bankrupt Tenant?

    Real Estate Rookie

    Play Episode Listen Later May 21, 2022 13:09


    This week's question comes from Andrew on the Real Estate Rookie Facebook Group. Andrew is asking: How would you handle a prospective tenant that has a bankruptcy on their record? Tenant screening is almost as important as rental property screening. A bad tenant can not only cost you potential rent but cause thousands or tens of thousands in damages if not handled correctly. This is why landlords are so strict when evaluating tenants, as a good tenant can mean next-to-nothing maintenance and a bad tenant can mean habitual headaches. It's up to you whether or not a potential tenant meets your criteria. When evaluating, remember to stay within your legal limits!Got a tenant with some questionable financial history? Here's how to proceed:Speak with the applicant and get their side of the story while trusting your gutVerify the applicant is truthful by running a credit check and background checkUse a property management software that allows you to report a tenant's monthly payments to credit bureausLook at the applicant's job history, debt-to-income ratio, and if they have any repossessionsKnow that people who have filed bankruptcy may only have the option to rent (for a while)And more in the episode…If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Links from the ShowReal Estate Rookie PodcastReal Estate Rookie Youtube ChannelReal Estate Rookie Facebook GroupAlpha Geek CapitalBelmont Housing AuthorityRentRediCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-184See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Creating Wealth Real Estate Investing with Jason Hartman
    1845 FBF: Bitcoin Plummets, Rent-to-Value Ratios & Volatile Property Markets in Texas and North Dakota

    Creating Wealth Real Estate Investing with Jason Hartman

    Play Episode Listen Later May 20, 2022 35:39


    Today's Flashback Friday is from episode CW 465 published last January 16, 2015.   Today's Creating Wealth Show features Jason Hartman himself in an extended intro portion. Here, he talks about his personal tax and rental experience in the Socialist Republic of California, he gives an update on the latest developments in Bitcoin, and he also discusses some of his earlier market predictions and how they've progressed. Key Takeaways 01.48 Even when you think you have everything sussed, something can come along and surprise you! 05.19 Being a homeowner is great, but renting gives you such flexibility. 09.43 Whether you were a believer or not, bitcoin seems to be sinking fast. 13:17 Rent to value ratio should always be on your mind when dealing with income property. 18.33 Houston, North Dakota; a market may look great, but who knows what the future may hold? 23:20 Jason Hartman compares stock market investments to those in real estate markets. 27.52 From next week onwards, the Creating Wealth Show will be reduced to two episodes per week. Tweetables The place you live is almost always going to be an expense, but you've got to live somewhere. Spending money or real long-term wealth. Which would you prefer? Often, it's better to do something imperfectly than to do nothing flawlessly.     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/   Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals   Free White Paper on The Hartman Comparison Index™: https://www.hartmanindex.com/white-paper   Free Report on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee   Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ…   Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

    BiggerPockets Daily
    583 - Do You NEED an “Investor-Friendly” Agent to Buy an Investment Property? by Nate Shields

    BiggerPockets Daily

    Play Episode Listen Later May 20, 2022 10:26


    https://www.biggerpockets.com/blog/real-estate-investor-friendly-agentSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Truth About Real Estate
    BRRRR Investing for Beginners

    The Truth About Real Estate

    Play Episode Listen Later May 19, 2022 63:27


    On this episode, we're talking BRRRR Investing for Beginners with David Dodge of Wholesaling Inc.!Watch at YouTube.MatthewMa.com!David Dodge is a St. Louis Real Estate Investor with over 18 years of experience. He first started investing in real estate when he was in college, at the age of 20 while attending the University of Missouri-Columbia. David specializes in Wholesaling Real Estate as well as using The BRRRR Method to acquire Rental Properties with none of his own money! He also loves teaching others how easy it is to learn how they too can wholesale Real Estate for huge profits and how they can use OPM to buy rental properties! David and his team have wholesaled over 750 houses to date and his company “House Sold Easy” averages about 5-10 wholesales a month. David also loves to fix-and-flip properties as well as add properties to his rental portfolio. David has over 90 rentals currently (over 20K in Cashflow) and he has a goal to take his rental portfolio to over 200 properties in the next 24 months. Reach out to David Dodge at davidadodge@gmail.comConnect:Facebook: https://www.facebook.com/DavidAlanDodgeSTLInstagram: https://www.instagram.com/davidalandodgeLinkedIn: https://www.linkedin.com/in/david-dodge-630979bYouTube: https://www.youtube.com/c/DavidDodgeShowWebsite: http://davidalandodge.comWebsite: https://www.wholesalinginc.com/brrrrmethodLeave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )
    Renovating Your Suite For Tenants (Edmonton, Alberta, Canada)

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )

    Play Episode Listen Later May 19, 2022 62:39


    Ready to become a Real Estate Investing Master? Join the Mastery Mentorship Program! www.reimasters.ca   Fix and Flip Bus Tour on June 4th in Edmonton. Register before it's sold out! https://www.eventbrite.ca/e/edmonton-fix-and-flip-bus-tour-tickets-333908979747   (Edmonton, Alberta, Canada)

    Money Monopolizers Podcast
    Episode 135: Defining Your Legacy - How Will You Be Remembered When You're Gone?

    Money Monopolizers Podcast

    Play Episode Listen Later May 19, 2022 48:31


    Here's a question for you: if you died today, what would people say about you at your funeral?This question isn't meant to be morbid, but rather help you think about how your day to day actions affect the legacy that you're leaving on the world.Many people wander aimlessly through life with no true purpose to fulfill. So when they pass away, they are soon forgotten. We don't want you to fall into that category! So on this episode, we went in depth into the conversation of how to know if the legacy that you're leaving is in line with what hope for it to be!If you enjoyed this episode please rate it 5 STARS on Apple Podcasts, share it with anyone you think should hear it, and subscribe to our podcast!If you're looking to get started investing in real estate, check out the real estate course, How to Acquire Your First Flip or Rental Property: https://gum.co/firstrealestatedealIf you'd like to achieve early financial freedom, learn how you can by starting with the car in your driveway with the Rebus Rental Car eBook! https://www.rebusrentalcars.com/ebookYou can learn more about us and order your Money Monopolizers merchandise at www.moneymonopolizers.comBe sure to follow us on social media!Instagram: @moneymonopolizersYouTube: Money MonopolizersTwitter @TheMonopolizers 

    BiggerPockets Daily
    582 - 8 Tips for Millennials to Ditch Their Debt Fast by G. Brian Davis

    BiggerPockets Daily

    Play Episode Listen Later May 19, 2022 10:34


    https://www.biggerpockets.com/blog/8-tips-millennials-ditch-debt-fastSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )
    Investing Your RRSPs (Edmonton, Alberta, Canada

    Real Estate Investor Dad Podcast ( Investing / Investment in Canada )

    Play Episode Listen Later May 18, 2022 61:02


    Ready to become a Real Estate Investing Master? Join the Mastery Mentorship Program! www.reimasters.ca   Fix and Flip Bus Tour on June 4th in Edmonton. Register before it's sold out! https://www.eventbrite.ca/e/edmonton-fix-and-flip-bus-tour-tickets-333908979747   (Edmonton, Alberta, Canada)

    BiggerPockets Daily
    581 - 7 Things to Look for When Evaluating Real Estate Syndications by Jay Chang

    BiggerPockets Daily

    Play Episode Listen Later May 18, 2022 9:00


    https://www.biggerpockets.com/blog/syndication-passive-investorSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Weekly Juice | Real Estate, Personal Finance, Investing
    From Fashion Merchandiser to Investor: How Leka Devatha Leveraged House Flipping Profits to Fuel Her Long Term Portfolio

    The Weekly Juice | Real Estate, Personal Finance, Investing

    Play Episode Listen Later May 18, 2022 74:06


    This week we had the pleasure of interviewing seasoned real estate developer, investor, broker, house flipper and podcast host Leka Devatha (@leka_devatha). Leka brings an infectiously positive energy to the investing world and has one of the most unique stories we've heard to date. Originally from India, Leka moved to the United States in her early 20s to pursue fashion merchandising. She quickly realized that corporate America wasn't for her, and that she needed to let her entrepreneurial spirit shine. Fast forward eight years and Leka is now working for herself, pursuing her passions, and making an incredible life for both herself and future generations of her family. Leka has done an incredible amount of real estate deals, including two that netted her over seven figures EACH. If you are looking for some positive energy and a little motivation for the week, make sure to give this episode a listen. It won't disappoint!-Cory and Ryan are now using RentRedi to help them manage their investment properties. RentRedi assists with client communication, rent collection, maintenance, and more. Visit the link below to learn more about RentRedi, and be sure to use promo code JUICEPOD to get 50% off. https://rentredi.com/?utm_source=theweeklyjuice&utm_medium=paid&utm_campaign=TWJ_Podcast.03.2021&utm_content=1-

    Real Estate Rookie
    Ditching the "American Dream" & Finding Ways to Live a Wealthier Life

    Real Estate Rookie

    Play Episode Listen Later May 18, 2022 60:34


    In today's episode, you'll get to see the third major reason why Alpha Geek Capital, Tony's fast-scaling real estate company, is so successful. Omid Tehranirad is the third partner in the group, acting as the first layer of protection, or as he puts it, the “chastity belt”, of the partnership. Omid is the head of investor relations and splits operational duties with Sara, Tony's wife. He discovered real estate after being unfulfilled by the typical “American Dream'' job. His parents encouraged him to pursue the tried and true traditional path that leads to retirement at sixty-five, but after sixteen years at a corporate job, he needed something to change. Omid was looking for something new when he stumbled upon BiggerPockets and discovered the power of real estate investing. He already knew Tony since he was Sara's cousin, but it wasn't until they found out they both followed David Greene that they realized they could be making money together. From there, they did their first deal and as the saying goes, the rest is history.Omid and Tony work well together because they complement each other's skillsets. Where Tony is idealistic, Omid is realistic and together they reach each goal they set. Omid has been able to leave his corporate nine to five of eighteen years and increase his wealth overall—his financial wealth, social wealth, time wealth, and physical wealth. For the first time in years, he's able to drop his kids off at school, prioritize his physical health, and travel while still making money. Omid serves as proof that we all need to stop classifying wealth as just financial and realize true wealth is about finding your freedom.In This Episode We CoverBreaking away from the traditional “American Dream” (and finding something even better)The BRRRR method and how to a find low-risk rehabHow to prepare to transition from a fixed income to a variable income How to structure a partnership and prioritize partner alignment Understanding cash flow and making the numbers work for youIdentifying a client's need and how to create a mutually beneficial relationship and partnershipAnd So Much More!Links from the ShowAshley's InstagramTony's InstagramBiggerPocketsReal Estate Rookie Youtube ChannelReal Estate Rookie PodcastReal Estate Rookie Facebook GroupReal Estate Rookie BootcampAirbnbBiggerPockets ForumsAlpha Geek CapitalDavid Greene's BiggerPockets ProfileMonday.comWrikeRookie Reply: How Much Cash Flow Do You Need to Quit Your W2? w/Daryl ClinchDaryl Clinch's InstagramFind Money, Partners, & Deals Using The “D.A.D System” w/ Mike MichalowiczMike Michalowicz's WebsiteHospitableRod Khleif's WebsiteConnect with Omid:Omid's InstagramCheck out the full show notes here: https://biggerpocket.com/blog/rookie-183See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Ryan Pineda Show
    He Was In Debt Over $1 Million And Now Owns 75 Rental Properties | Meet Steve Valentine

    The Ryan Pineda Show

    Play Episode Listen Later May 17, 2022 60:48


    On today's podcast I had Steve Valentine on! Steve is a realtor and investor out of Phoenix, AZ and he's got a very interesting story! We talked about how he got started right before the whole market crashed, and how he had to go through all of these different things. He ended up leaving his family's business with over a million dollars of debt that he had to pay back on his own, along with investing a million dollars in a business that didn't pan out! At that time, he ended up getting an REO account during those early days with many foreclosures happening with Fanny and Freddie. Steve talks about how he sold over 5,000 homes during that period. It is absolutely insane to hear how he did that, as well as what is looked like behind the scenes selling homes for Fanny and Freddie and how much he was making. He talked about how his dad represented over 1,000 transactions at the courthouse for these foreclosures. And the worst part about that was that his investors didn't leave him with any of the houses throughout that time! That heavily influenced Steve in his career to get into the investing space seeing what his dad went through. It's created the business he has today, where he owns over 75 single-family rentals, helping people all over get rental properties, be creative, and solve problems in the Phoenix market. He talks about his strategy to get 10 deals per month with no marketing! So, if you're in real estate, this is a super great story! Steve is also one of our trainers at Wealthy Agent, and so I've gotten the pleasure to know him, he's really inspiring to see, and there's a lot of gold nuggets you can take from the episode! Follow Steve on social media! Instagram - @stevedvalentineWebsite - https://stevedvalentine.comJoin the Wealthy Way today and get access to my free course, planner, and discord community! https://wealthyway.com______________________________________________________Here's how my businesses can help you:For a free consultation with my team go to https://RyanPineda.comWant to be coached by me on real estate investing? Apply at https://futureflipper.comLet my company make you passive income through E-commerce Automation! Watch the case study at http://lunarecom.comJoin my free coaching program for real estate agents! https://wealthyagent.io/Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/You can invest in my real estate deals! Go to https://pinedacapital.com______________________________________________________My other social media channels:Subscribe to my main channel "Ryan Pineda" https://www.youtube.com/c/ryanpinedaSubscribe to my real estate only channel "Future Flipper" https://www.youtube.com/c/futureflipper1Follow me on Social Media: https://www.instagram.com/ryanpinedashowhttps://www.tiktok.com/@ryanpinedahttps://www.twitter.com/ryanpinedashow______________________________________________________Steve and his family worked in real estate with his family before investing himself. He and his wife left the business due to differences in opinions. Steve and his wife walked away with $1 million lost and $1 million in debt. This is when Steve and his wife got into the REO space. He and his wife now own a large rental portfolio in Phoenix, AZ. They own 75 single family homes! Steve and I talk about all the projects he has going on, his entrepreneurial journey, his future plans, and more! 

    The Banyan Collective
    Through The Pines Ep. 16 - Estate Planning and Trusts Part 2: Types of Trusts and Why You Need One

    The Banyan Collective

    Play Episode Listen Later May 17, 2022 54:18


    Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch would ride with you on a bicycle built for you, this is Through the Pines… Estate Planning and Trusts Part 2 - Types of Trusts and Why You Need One Our financial wizards this week include Rex Baxter, Brandyn Smith, and Dan Nelsen & Bryce Froerer SNOW NOTES: Estate Planning: Part 2 Types of Trusts: Asset Protection Trust / Businesses (LLC, S-Corp, etc.)  Funding Trusts Special Needs What is Medicaid and how does it differ from Medicare How do you qualify for MedicaidHow can trusts help with this qualification? Asset Protection Trusts How does this protect my assets? I Own a business or Rental Property, how do I coordinate my business ownership with my estate plan? What are some common provisions that people include in a trust like this?   SMORE NUMBERS   Special Needs Trust Can you describe some clients where this trust may be appropriate for? How does this protect my assets from Medicaid I Own a business or rental property, how do I coordinate my business ownership with my estate plan? What are some common provisions that people include in a trust like this? TCRAT, GRAT, CRAT, CLAT…. Oh MY!!!   Contact Info: planwithbaxter.com   Through the Pines  -  Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

    BiggerPockets Daily
    580 - Here's How to Mitigate Your Risk When Buying Property at Retail Prices by Whitney Hutten

    BiggerPockets Daily

    Play Episode Listen Later May 17, 2022 9:23


    https://www.biggerpockets.com/blog/property-investment-risk-retail-pricesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Pave The Way Podcast with Greg Helbeck
    #221 How To Get Rich Using Rental Property Investing with David Dodge

    Pave The Way Podcast with Greg Helbeck

    Play Episode Listen Later May 16, 2022 54:49


    Hello everyone! Welcome back to another episode of Pave The Way Podcast! Today I have a great episode with David Dodge!We will talk about...Using the BRRRR strategy for rental property investing.To connect with David, reach out on Instagram @davidalandodgeVisit: brrrmethodmastery.comTo contact me:Email greg@velocityhousebuyers.comVisit www.bookacallwithgreg.com to schedule a consult with me!Instagram: @grego_37Visit www.greglikesdata.com for a free trial with PropStream - some of my favorite real estate software!

    BiggerPockets Daily
    579 - What to Do When Your Tenant Drives Through the Living Room by Nathan Miller

    BiggerPockets Daily

    Play Episode Listen Later May 16, 2022 8:02


    https://www.biggerpockets.com/blog/tenant-drives-living-roomSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.