Agreement where a payment is made for the temporary use of a good, service or property owned by another
Roman Viere owns and operates over 1000 rentals in Chicago with the bulk of those in the Austin neighborhood. In this episode, he gives a detailed breakdown on a terrifying explosion that occurred at his 35-unit apartment building in Austin. He discusses all things from the day of the incident including arriving at the scene, speaking with the authorities, and handling the press. Roman discusses insurance implications resulting from the explosion, insurance claims, and a 1033 exchange. If things weren't bad enough, he talks about his million dollar water bill and how he got around that! Despite never planning for explosions and other catastrophic events at your rental properties, these are events that all housing providers should be prepared to handle for the safety and protection of all parties. If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Roman Viere, Urban Alternatives Link: SUCI Ep 77 - Roman Viere Link: The Bomber Mafia (Book Recommendation) Link: Greg Yearwood (Precision Consulting / 773-852-8246 / firstname.lastname@example.org / pcllcclaims.com) Link: Myk Snider (Sphere Public Relations / 312.816-5401 / myk@spherePR.com / SpherePR.com) Link: Jeff Riechenbach (State Farm / (773) 685-3600 / email@example.com) ----------------- Guest Questions 02:18 Housing Provider Tip: Be prepared to deal with emergencies at your rental properties! 03:16 Intro to our guest, Roman Viere! 03:55 The morning of a tragic event. 10:39 Arriving at the scene. 17:04 Being prepared for emergency events at rental properties. 27:55 Reflecting on the day of the incident. 35:57 Tactical items for dealing with an explosion. 43:01 Insurance implications. 60:13 Insurance Coverage and 1033 Exchange. 65:02 Lessons learned from this tragic event. 67:38 What is Roman's competitive advantage? 68:25 One piece of advice for new investors. 69:10 What do you do for fun? 69:44 Good book, podcast, or self development activity that you would recommend? 70:41 Local Network Recommendation? 71:36 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
On this episode of the Deal Farm®, Kevin and Ken speak with Eudania Burrell about her amazing start to real estate investing while continuing to work a full-time job. It was the beginning of the pandemic, her basement had just flooded ... and she found the fortitude to get into real estate investing anyways. 3 years later she's done over 40 transactions ... she wholesales, she flips, she holds ... and now even gets to coach others about how to scale their business while working a full time job!
John Beacham is the founder and CEO of Toorak Capital Partners, a company that works with lenders across the US and UK to originate business-purpose loans. He has decades of experience in leading financial institutions and building successful businesses and he is with us on the show to talk about things that we need to be focused on in today's market if we want to succeed as investors. Listen now to learn more from an expert in financing and real estate investing, so you can be prepared to make better decisions for your business! Key Talking Points of the Episode 00:00 Introduction 00:50 Who is John Beacham? 02:36 What should real estate investors today be focusing on? 04:47 What is the story behind Toorak Capital Partners? 10:36 Where did the idea of DSCR loans come from? 13:25 What are the benefits of being a single-family investor? 16:58 What do the opportunities look like in property management? 19:31 Where does John's passion for real estate come from? 22:52 What role do investors play in the American dream? 25:54 How are investors today navigating the economic changes brought by inflation? 28:15 What is John's advice for investors with bad deals in today's market? 30:48 What is John's take on today's interest rates? 32:56 What should investors be focusing on to prepare for 2024? 34:33 What opportunities should investors be looking out for in today's market? 36:37 Where does John see the real estate industry going? 39:27 What are investors today more focused on? 41:47 What is John's advice to investors and entrepreneurs today? 43:09 Why is it important to break the stigma of hard money lending? Quotables “Don't think about necessarily what it is, but think about what it could be.” “Single-family is unique as an asset class because you really have two different and somewhat independent sets of buyers.” “You don't necessarily need to have a college education, but you need to have a good work ethic and a good business sense in order to buy and renovate properties.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
We speak to a couple who are renting and want to buy a home in another city and relocate with their family - what are some family/foreigner friendly locations that would also hold their value well? Can I rent out my mortgaged property when I'm overseas? How do realtors work in Japan? Tune in and find out!
Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn't lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans. Keleisha's goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought. In today's show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she'll show how she's buying rentals today WITHOUT using her own money and why she'll NEVER try to flip houses again. In This Episode We Cover: How to get around mortgage qualifications and buy your first property WITHOUT the banks Quitting corporate and when it's time to take a risk and leave a soul-sucking job behind An immigrant's guide to real estate investing without a Green Card or citizenship Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip How to find the perfect out-of-state investing market even if you have ZERO investing experience And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Connect with Keleisha: Keleisha's BiggerPockets Profile Keleisha's Facebook Keleisha's Instagram Keleisha's LinkedIn Keleisha's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-848 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email firstname.lastname@example.org. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's Flash Back Friday episode is from episode #585, which originally aired on 5/1/23. Real estate investor Michael Albaum splits his time between full-time real estate investor as well the program manager for Roofstock Academy. His experience runs the gamut of single family investments all the way to NNN properties with national credit tenants and a little bit of everything in between. Additionally, Michael has built an expertise at long-distance, value-add multifamily investing and has structured lifestyle that has allowed him to continually invest while traveling the world with his wife. Quote: Don't pretend you know everything, because you don't. Be humble and willing to ask questions and to learn. Highlights: 04:55: Getting laser focused on one market to get better results 07:35: Utilizing local, state and national grants to help buy and fix up properties 15:10: The work Michael does teaching real estate investors at Roofstock 17:25: How Roofstock's mission and business model has shifted to adjust to the current market 20:15: Why mid-term rentals have helped Michael weather current market conditions 25:25: How Michael traveled full-time in a van while managing his investments 27:30: Where Michael's business is headed in the next five years 33:25: The types of mid-term rentals that are most in-demand Guest Website: https://www.roofstock.com/ Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Sal Becovic returns to the show to discuss how he has continued to grow his portfolio despite the challenging market! Sal jumps right in by sharing his philosophy on acquisitions and being “rate agnostic”. He gives an extremely bullish outlook on Chicago leaving us feeling great about this special city. Sal discusses the ins and outs of his latest and largest acquisition; a 28-story condo building with value-add potential. Throughout the show, Sal emphasizes the importance of establishing solid fundamentals, surrounding yourself with great people, and being a good person; rules of life not just RE investing. If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sal Becovic, Becovic Realty Link: NBOA Chicago Link: Bloomberg.com Link: The Economist ----------------- Guest Questions 02:35 Housing Provider Tip: Ideas to make unit turnovers more efficient! 04:10 Intro to our guest, Sal Becovic! 07:31 Being in acquisition mode! 13:57 Being “rate agnostic” in today's market. 18:52 Sal's perspective on the Chicago RE market. 23:32 Sal's latest and largest deal! 37:21 What's next for Sal? 41:55 Operations and building a team. 47:30 Sal's closing tips on optimizing your RE portfolio! 51:03 What is Sal's competitive advantage? 52:35 One piece of advice for new investors. 53:49 What do you do for fun? 54:38 Good book, podcast, or self development activity that you would recommend? 56:23 Local Network Recommendation? 57:34 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
Wholesaling Houses vs Fix and Flip, and Rentals: And Why he Chose that Route In Todays Podcast highlight, We talk with with Bryan Villarreal who is in the Real Estate Wholesaling Space. We Flew out to Las Vegas, Nevada for Wealth Con 2023 and had the chance to interview some awesome guests in the Pineda Headquarters! Today, We sit down with Bryan V. Enjoy the video and if you like it, Please consider liking, subscribing, and dropping a comment down below! www.youtube.com/@tonyanddakota Instagram - https://www.instagram.com/tonyanddakota/ Facebook - https://www.facebook.com/tonyanddakotaofficial Need Funding? - https://fixatedfunding.activehosted.com/f/25 The Ultimate Course on Flipping (and Wholesaling) Houses
Over a thousand missing voting cards, loss of rental properties coming & The Matrix + AI on stage. A short news roundup for Amsterdam from 22 November 2023.Audio produced by Broadcast Amsterdam for BRAM RADIO, the online radio station for Amsterdam.https://broadcastamsterdam.nlLinks to news stories and sources are shared in the News section on our website and on the Broadcast Amsterdam Pinterest feed. Credits: Podcast producer, Cathy Leung | Music beds: We Are OK
Happy Thanksgiving! Welcome to RV Hour with Larry McNamara, the podcast that fuels your passion for RVing! In this week's episode, we're diving into the delicious world of frying a turkey at an RV campsite—safety tips, RV-friendly techniques, and the joy of creating a feast on the open road. We're joined by Tom Faella from our RV Rentals Department, unraveling the possibilities of renting the perfect RV for your next adventure. Hear firsthand about the freedom and flexibility our rentals offer. And, of course, don't miss out on the latest from Bartow's Corner, where the hottest deals on RVs await you. Plus, we've got exciting news about our month-long Black Friday Sale, bringing you unbeatable offers throughout November. Tune in, gear up, and get ready for an episode packed with RV wisdom and incredible deals. Visit www.GiantRecreationWorld.com for more details. Happy RVing!
Tarry Summers is a seasoned real estate investor, developer, and entrepreneur, with hundreds of doors in his portfolio. He has been in business through different market cycles, he has learned from some of the most successful people in the industry, and he is with us today to share all the things that he learned along the way. Listen now to learn the best tips, tricks, and strategies that will keep you profitable in the real estate space from a seasoned real estate entrepreneur! Key Talking Points of the Episode 00:00 Introduction 01:07 Who is Tarry Summers? 03:15 What should real estate investors be focused on today? 06:12 What makes Tarry different from social media influencers? 08:32 Why is Tarry focused on holding properties? 11:13 How did Tarry learn about leveraging real estate? 13:50 What is the hockey stick analogy about? 16:26 What are the benefits of holding onto your residential properties? 18:05 How did Tarry start leveraging his real estate properties? 22:07 What is the importance of understanding the impact of delayed gratification? 27:04 What was it like for Tarry to do real estate investing full-time? 29:26 Why is it important to focus on equity, cash flow, and profitability? 31:37 What is the best way to learn about real estate investing? 35:15 What is the importance of nurturing relationships as a real estate investor? 38:49 Why do you need to understand the importance of leveraging people's skills? 43:34 Why is it important to look into the people you're listening to? 46:56 What is Tarry's advice for real estate investors today? 48:55 Where can you find The Scalers Only show? 50:02 What are the things you need to consider when choosing a market? 52:21 Why did Tarry buy a gym? 53:41 What was the dumbest investment Tarry ever made? 57:58 How can you get in touch with Tarry? Quotables “The worst thing you can possibly do in real estate is wait. You need to get in, you need to get involved.” “Rich people do not get rich by making an income, they get rich off of buying assets and then borrowing off their assets.” “When someone is older and wiser than you, shut up and just listen because they've been there.” Links Podcast: The Scalers Only Show https://www.youtube.com/watch?v=-VgWKojDeO8 Instagram: Tarry Summers https://www.instagram.com/tarrysumms Facebook: Tarry Summers https://www.facebook.com/tarrysummers/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Tyler lives in an expensive area where the numbers didn't make sense to buy rentals.He wasn't interested in getting involved with extensive rehab projects. He wanted something that was going to be passive.He ended up investing in out of state in newly rehabbed and new construction properties.On this episode, we talk about how he picked the areas he ended up investing in, how he did his due diligence, and how the properties have worked out.Tyler also shares all the numbers for two of his deals.https://rentalincomepodcast.com/episode444
What are the tax benefits of solar panels and electric vehicles? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Procaccio, Pro Financial Services Group Inc Link: Build Your Team | Straight Up Chicago Investor Podcast Link: Episode 198: 2023 Tax Strategies for Chicagoland Real Estate Investors with Michael Procaccio ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
Today we have the privilege to talk with Lorraine Woodward, a host on Furnished Finder who would like to share with us her personal journey through muscular dystrophy and hosting families through end of life care. As founder of Becoming rentABLE, a furnished rental listing platform designed specifically for travelers with accessibility needs, Lorraine is making huge waves in educating others about the need for affordable, accessible housing. I hope we all leave today's episode with a better understanding of how to be more prepared for our travelers with disability and accessibility needs. Listen now to hear these 4 powerful stories...The Woodward family story of traveling with 3 wheelchairsThe Little Yellow House- impacting families through end of life careThe Beach House- providing hope to a guest w/ ALS disease16 year old that never had a place to shower on vacationIn this week's episode, YOU can help create social change...Are there ADA rules for short and mid term rentals?One rule that applies to ALL our rentals- service animalsPeople first language to show respect, especially to those w/ disabilitiesBig need for accessible properties near hospitalsLorraine's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Lorraine.Woodward The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.
This week, Chris talks to you about everything you need to know about Section 8 rentals. Chris talks about how you can bring in serious cash using a section 8 rental. He brings up examples from friends of his, his own career, and more, to explain why you need to pay attention to this form of real estate.RESOURCES:
In this episode, Jorge talks about the landlord objection and how to pitch landlords. He talks about: Three biggest objections How to isolate an objection Links: Free Masterclass Want to Invest with Jorge? Register for my Free AirBNB Webinar Free Ebook Instagram YouTube Website
Caeli Ridge from Ridge Lending Group shares that a lot of rental property investors get started by harvesting the equity they have in their primary residence.As they are growing their rental portfolio, a lot of them tap into the equity they have created in their rental propertiesOn this bonus episode, Caeli shares the pros and cons of the different ways investors are harvesting equity.https://rentalincomepodcast.com/Bonus-Equity-Caeli-Ridge
Ditron is a seasoned Short-Term Rental (STR) Investor who is teaching others how to get started and maximize profitability with STRs. Ditron shares how he got started in real estate and utilized the house hacking and rent-by-the-room strategy. He shares tremendous nuggets on finding good STR markets and typical expenses associated with setting up and running a short-term rental. Ditron gives tips on working with AirBNB, STR expectations, amenities, and FAQs to consider to set yourself up for success. Mid-Term Rentals, STR underwriting, and automation are also discussed on the episode. This show is full of STR jewels of wisdom that you won't want to miss! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ditron Corker, Roam to Rome Spaces & STR Innovate Link: Ditron's Meetup Link: SUCI Ep 143 - Jessica Ryan Link: Who Not How (Book Recommendation) Link: Jeff Ma and Eli Goodman Meetup ----------------- Guest Questions 03:10 Housing Provider Tip: Deliver a nicely landscaped property to encourage upkeep! 05:37 Intro to our guest, Ditron Corker! 08:00 Ditron's first deal! 09:20 Getting into short-term rentals (STRs)! 13:46 Expenses on STRs. 20:07 STR-Specific Features and FAQs! 24:27 Entertainment amenities in STRs. 25:56 Where are STRs allowed? 31:08 Underwriting STRs! 35:34 STRs vs MTRs. 38:55 Automation Systems. 40:50 Lessons Learned! 46:06 Tax Advantages to STRs. 49:22 Ditron's upcoming conference! 51:49 What is Ditron's competitive advantage? 52:25 One piece of advice for new STR investors. 53:02 What do you do for fun? 53:24 Good book, podcast, or self development activity that you would recommend? 54:05 Local Network Recommendation? 55:14 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
Short-Term Rentals converting to Mid-Term Rentals. This is a big deal right now when it comes to regulations, changes at Airbnb and uncertainty in the market. Today's podcast guest, Ruben Kanya of Experimental Real Estate, is converting many of his properties and networking with other owners as an exit strategy. Listen in now to hear Ruben's tips. Learn how to price your properties like an STR Pro with my Free Course: "Setup PriceLabs in 5 Simple Steps" at fearlesskyle.com/pricelabs Want more tools, tricks, and resources? We have you covered! You can check out everything on www.fearlesskyle.com. Make sure to watch the video on the homepage to learn how to get your STR business started ASAP. Check out our Youtube channel where I bring you free long-form content to teach you exactly how I built my business: Click Here. And don't forget to subscribe and hit that "bell" icon to get notified every time we drop a new video. Follow me on instagram: @fearlesskyle And join one of the largest Facebook support groups for AirBnB hosts in the world! AirBnB Masterminds. This is my group, and I drop tons of tips in here. Click here to join. Disclaimer: None of the contents of this channel "The Fearless Investor" are meant as direct advice. The purpose of this channel is to inform and educate. It is the viewer's responsibility to decide if the education is something they will put into action. Kyle Stanley and the Fearless Investor Youtube Channel do not take responsibility for the results experienced by the listener/viewer.
Jim Santos meets Norm and Kathleen Bour, nomadic seniors who spend their time adventuring around the globe on just their social security payments. With a host of tips and tricks for making a roving retirement exciting and affordable, Norm and Kathleen have much to share, particularly when it comes to the country where they spend much of their time—the almost-forgotten Mediterranean nation of Albania.With its dramatic coastline, tall mountains, cosmopolitan cities, and a low cost of living, Albania is already worth adding to your list of must-visits, but a very friendly official policy for U.S. visitors makes it one of the most welcoming places in Europe to explore. A full year's stay, renewable, means that complicated residency paperwork isn't an issue. And as for the $500-a-month rentals…those are just the icing on the cake.If you're enjoying the podcast, we would really appreciate it if you could leave us a review on your favorite podcast platform: https://lovethepodcast.com/internationalliving.Facebook | Instagram | Twitter | YouTube
Your hosts Greg and Kevin dive into the choppy waters of sales with a true expert at the helm. Joining them is Drewbie Wilson, a seasoned sales professional, author, coach, and the mastermind behind the acclaimed sales course "Call The Damn Leads."Drewbie shares his insights, strategies, and invaluable advice on dealing with lost sales. He brings his wealth of experience and discusses how to turn setbacks into opportunities, maintain resilience, and adapt your approach for future success. [SPONSORS] - This show is sponsored by Von Mack Agency and WaveRez.Show Links:Website: https://www.watersportpodcast.comFacebook Page: https://www.facebook.com/awgpodcastFacebook Group: https://www.facebook.com/groups/1155418904790489Instagram: https://www.instagram.com/awg_podcast/YouTube: https://www.youtube.com/channel/UC3TSseuv2wdIYO5nuviZSwQ
Al Gordon invites Nathan and Stacy, successful real estate investors and members of Lifestyles Unlimited, to share how their life has changed since turning 2 Single Family rentals into an impressive portfolio totaling 431 active doors, purchasing 2 Multifamily communities as Independent Rental Owners, and passively investing in 3 more! Click to Listen Now
Mike owns a business that generates a lot of profit, and causes him to pay a lot of taxes. He started buying rental properties that generate a paper loss and legally brings his taxable income to $0.On this episode, Mike shares how this is working for him.We also talk about how Mike is buying rentals out of state, and look at the numbers for one of his properties.https://rentalincomepodcast.com/episode443
Chuck Hattemer is the co-founder and CMO of Poplar Homes, a nationwide property management company based in California. Chuck and his team are focused on helping mom-and-pop investors across the country manage their properties better by giving them access to institutional power and he is with us today to talk about the importance of effective property management systems and how Poplar Homes is helping solve issues in property management today! Listen now to learn more about Poplar Homes, what's going on in property management, and how you can better manage your rentals as a real estate investor today! Key Talking Points of the Episode 00:00 Introduction 00:58 Who is Chuck Hattemer? 03:35 What should real estate investors be focused on in today's market? 07:04 What makes someone a mom-and-pop investor? 10:41 Why is Poplar Homes focused on serving mom-and-pop investors? 13:33 How did Chuck get involved in student housing while he was in college? 16:01 What was the turning point that led Chuck to property management? 19:55 What made Chuck decide to focus on the customer's pain points? 23:50 What is the biggest challenge in property management? 28:02 Why is maintenance one of the most significant concerns in property management? 30:35 How is Poplar Homes changing maintenance management for investors? 33:53 What aspects of property management still need improvement? 40:45 What is Chuck's advice for real estate investors today? 45:00 How does Poplar Homes help investors manage their rentals better? 49:01 Where can you learn more about Poplar Homes and how they can help you? Quotables “We kinda approached it from the consumer, the renter perspective first and it was a problem that all of our peers were talking about.” “That was all about this philosophy of don't over-optimize and don't build before you know exactly what the customer wants and what the pain points are.” “So many opportunities that come up in my experience, in our business, have come up because we've knocked on that extra door. We've asked the tough question when the time has run out to a mentor or to someone we want to make a deal with.” Links Website: Poplar Homes https://www.poplarhomes.com/ LinkedIn: Chuck Hattemer https://www.linkedin.com/in/charleshattemer/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
In this episode, Jorge talks about how to diversify your Airbnb portfolio in 2024 and beyond. Links: Free Masterclass Want to Invest with Jorge? Register for my Free AirBNB Webinar Free Ebook Instagram YouTube Website
In this quick yet insightful episode of Dr. Friday Tax Tips, Dr. Friday, the president of Dr. Friday's Tax and Financial firm, delves into the complexities of renting out property to family members. The episode tackles a common dilemma faced by many: can you claim rental deductions if you're renting out your house to a relative, like a son or daughter-in-law? Dr. Friday explains the importance of fair rent, profit intent, and the limits of deducting expenses when you're not aiming for a profit. This one-minute moment offers a concise yet comprehensive overview of how to navigate rental arrangements with family members to ensure you're maximizing your tax deductions. Don't miss Dr. Friday's valuable insights, especially if you're in a similar situation. Tune in for more expert advice! Transcript G'day, I'm Dr. Friday, president of Dr. Friday's Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment. Renting your house seems like a pretty easy concept. You rent it, someone rents and you have it. But sometimes you know what? Your son or your daughter-in-law or somebody needs to rent the house from you. Can you actually deduct that as a rental? And that will really depend on the situation. Are they paying you a fair rent? Are you trying to make a profit on that rental? Or are you basically just having them pay what the mortgage is? Because if that's the case you can only write off up to what your expenses were. You can't take it into a loss. But if they're really paying rent just like anyone else, it's a true rental. Making sure you maximize your deduction is what any good tax person should do. You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.
Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for less. However, there's one crucial thing you should be aware of BEFORE you take action on your end. Hint: you could pay a few extra costs to score a RARE deal! Welcome back to another Rookie Reply! In this episode, Ashley and Tony talk about buying properties in preforeclosure—including when it makes sense to buy a property “subject to.” They also go over the most important data points to analyze when choosing your market, as well as how to avoid jumping the gun when listing a new property for rent. Finally, home renovation projects can be tricky when you're an out-of-state investor. Our hosts share how they purchase materials, as well as their go-to investing hack that will save you a fortune! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover What you MUST know before buying a property in preforeclosure When it makes sense to buy a property subject to (and pay the extra costs!) Critical data points you MUST include in your market analysis How to buy materials for home renovation projects when investing out-of-state How to list your investment property for rent (and pitfalls to avoid!) The investing hack that will save you a TON of money on materials And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-338 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email: email@example.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's episode features Dave Ramsey & Ken Coleman. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. The Ramsey Show Listener Survey: Click here to be Entered to Win a $500 Gift Card!!!
Andrew kicks things off by discussing necessary skills to succeed as an entrepreneur in Real Estate. He talks about the value of a building inspection even if the property will be rehabbed. Andrew clears the air on the need for auxiliary inspections such as radon, asbestos, and sewer scopes. Andrew drops golden nuggets on questions that investors should be asking inspectors to mitigate their risk. The show is closed out with technological advances in the inspection industry that investors should be aware of! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrew Fox, BrickKicker Inspection Services Link: BrickKickerCommercial.com Link: The Game with Alex Hormozi Link: Good to Great (Book Recommendation) Link: Mathew Tarailo (Network Referral) ----------------- Guest Questions 02:58 Housing Provider Tip: Set up lock boxes for access during emergencies! 04:54 Intro to our guest, Andrew Fox! 09:41 Skills for Entrepreneurial Success. 14:02 BrickKicker's Model! 20:19 Inspecting properties that will be rehabbed. 25:47 Auxiliary Inspections. 33:03 Questions Investors should ask Inspectors. 35:23 Technology in the Inspection Industry! 43:06 Outlook on the Inspection Industry. 47:13 What is Andrew's competitive advantage? 47:33 One piece of advice for new investors. 48:00 What do you do for fun? 48:13 Good book, podcast, or self development activity that you would recommend? 48:43 Local Network Recommendation? 49:20 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
Raking in twelve thousand dollars each month from only four rentals might seem like pie in the sky, but that's the power of investing (and reinvesting!) in short-term rentals. Find the right market and property, and you can charge a premium for an unforgettable guest experience! Welcome back to the Real Estate Rookie podcast! Today, we're chatting with Zoey Berghoff, an investor who earns a significant amount of income from a small real estate portfolio. While other investors might use their profits to buy more properties, Zoey bucks conventional wisdom by reinvesting those profits back into her rentals—a move that has not only boosted her booking numbers but also allowed her to charge more for her unique stays. But that's not all Zoey is doing to maximize her profits. By “land hacking,” she creates multiple income streams on one property while keeping her rental property expenses down. What does it take to succeed in the short-term rental space? Stick around and find out! In addition to maximizing Airbnb profits, Zoey talks about how to approach new builds—from assembling the right team for the job to getting your county on board. Finally, she highlights the importance of setting reasonable expectations for your Airbnb guests—even if it means narrowing your pool of potential guests! In This Episode We Cover: The power of reinvesting your profits back into your real estate portfolio Lowering your overhead costs through land hacking How to assemble the ideal team for your short-term rental build Getting your county to sign off on your new build or home renovation project How to analyze a unique rental property (when there are no comps!) Creating a unique guest experience that makes your rental stand out Things you MUST include in your short-term rental description And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast 10 Income Streams on 1 Property by “Land Hacking” w/ Andrew Kai Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson $11,000/Month with One VERY Unique Rental Property w/ Garrett Brown Connect with Zoey: Zoey's Instagram Zoey's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-337 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email: firstname.lastname@example.org Learn more about your ad choices. Visit megaphone.fm/adchoices
Mike Tedesco is the CEO of Appraisal Nation with decades of experience in lending, banking, credit, title, closing, appraisals, and real estate investing. He has been around through different economic cycles and he is with us today to help us understand what's going on behind the scenes in the real estate space. Listen now to learn more about the truth behind today's real estate market and how you can remain profitable through these challenging market conditions! Key Talking Points of the Episode 00:00 Introduction 00:32 What is Mike's background? 02:10 What should people be paying attention to in today's market? 04:34 How much would a household need to make to afford median housing? 06:29 What is it like to be in the appraisal business? 07:14 Where did Mike learn the systems and processes for his business? 11:41 How will your relationships help you manage your business? 12:32 What got Mike into owning real estate? 15:15 What does the real estate market really look like today? 17:23 What is currently happening behind the scenes in the real estate market? 19:02 How can investors pick a market to invest in today? 20:29 What kind of markets are doing well for short-term rentals? 22:36 What challenges are flippers facing in today's market conditions? 24:59 What is the real estate class? 27:32 What is Mike's best advice for real estate investors today? 30:07 What is the best way to get your education in the real estate space? 33:10 How should real estate investors approach the market today? 37:46 Why is it important to diversify your investments? 40:02 How can understanding the power of compounding help you grow? Quotables “The biggest thing that's being overlooked right now is what's happening in the affordability sector. As homes continue to rise, the median income is not catching up.” “More and more people want to be in a home and if they can't afford to buy that home, then investors are gonna buy that home and they're gonna rent those homes, and it's limiting the market.” “Buying real estate today is always better than buying real estate tomorrow and there are so many programs out there for everybody.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
In this podcast we cover: How certain vendors can help your schedule. What applications are most commonly used. How to approach this solution. If you like the Elevate Construction podcast, please subscribe for free and you'll never miss an episode. And if you really like the Elevate Construction podcast, I'd appreciate you telling a friend (Maybe even two
Don't miss Brandon Turner's captivating insights on real estate challenges in a high-interest rate market, wealth-building strategies, and the importance of embracing discomfort in this must-watch video for those seeking financial and personal growth!Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcastCheck out my collab with Sene here - https://senestudio.com/collections/pineda---Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like my team to help build your personal brand? Apply to join Pineda Media at https://pinedamedia.com/podcastLooking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyCreate your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50dWant to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in my real estate deals! Go to https://pinedacapital.com ---Connect with Brandon!YouTube - @BetterLifePodcast Instagram - https://www.instagram.com/beardybrandon/Brandon Turner, the founder of Opendoor Capital and host of the Better Life podcast, joins the discussion. Brandon shares insights into the challenges of speaking at events while living in Maui. He discusses the Lahaina fire's impact and the subsequent formation of the Lahaina foundation to aid in recovery, emphasizing the importance of reviewing insurance policies.The conversation shifts to the changing landscape of real estate, with high interest rates making profitable property investment more challenging. Brandon highlights the need for real estate investors to continuously monitor market and economic trends for strategic shifts.They delve into the concept that life goals should dictate asset management. The decision to pay off a house depends on whether you prioritize wealth accumulation or family security.Brandon underlines the survival tactic of house hacking, emphasizing its practicality for millionaires living in million-dollar homes.Investing in developing skills, generating income, and then using that income for property investment is discussed as an effective approach. Books, while transformative, are noted as significant work to produce.Predicting high interest rates due to inflation, Brandon sees this as an opportune moment to start a mortgage company. He advocates embracing discomfort in tough times as it fosters growth and increased capabilities.The conversation veers into diet, exercise, and morning routines. The importance of balancing multiple life aspects is highlighted. The discussion emphasizes the need to schedule significant tasks according to individual priorities and be cautious about the source of advice.The topic shifts to recession strategies. Brandon introduces the concept of a real estate fund that allocates a small percentage for business investment. Ryan discusses the Wealthy Investor Partner program, designed to help newcomers in real estate flipping with lower costs.The conversation touches on the development of business processes and systems. Sub2 real estate transactions are also discussed, acknowledging the potential risks and emphasizing the importance of acquiring knowledge before starting such ventures.
What are my lending options if I do not have a W2? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial Link: Episode 19: Top 10 Mistakes We See From Chicago Investors - with Eric Workman of Renovo Financial (Part 2) ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
Adam shares how he built his rental portfolio with the BRRRR strategy.We talk about how Adam is buying cheap houses in good neighborhoods, fixing them up, and renting them out.We also talk about how he's financing his properties, and challanges he's had with contractors.Adam shares the numbers on one of his deals, including the purchase price, rehab cost, and what the property is rented for, his expenses and his cash flow.https://rentalincomepodcast.com/episode442
Short episode today but one I think many of you might need. We're talking all about rentals, how to price your rentals, ways to keep things organized and resources online to get the information you need. If you enjoyed this episode please rate it and let me know how i'm doing! Follow the podcast if you're loving the content and share it with your friends! www.atdavidlee.com | Instagram @atdavidlee | YouTube www.youtube.com/atdavidlee
In this episode, Jorge talks about what you should include in a contract when working with a landlord. Find out the two important things that should be included in the contract to make sure that you are protected. Links: Free Masterclass Want to Invest with Jorge? Register for my Free AirBNB Webinar Free Ebook Instagram YouTube Website
Episode #316 - Buying a rental with a conventional 8% mortgage is a recipe for negative cashflow. Instead, I'll teach you 4 powerful strategies to make deals work in today's high-interest market.
In this episode, we delve into AWS's latest offering that allows customers to rent Nvidia GPUs, making it faster and easier to tackle AI projects. We'll explore how this service streamlines the process of harnessing powerful computational resources for short-term needs. Invest in AI Box: https://republic.com/ai-box
The Break Room (THURSDAY 11/2/23) 7am Hour Includes: 1) Even if you wanted to ban this business in the city of Rochester, it seems like it's almost impossible to get rid of. 2) Everyone has a different method for how to approach the roads this time of year. 3) No one was expecting to see this name pop up on the Buffalo Bills injury report Wednesday.
When it comes to diving into the real estate game, the first step is picking your winning strategy. And in the world of real estate investing, there's always a lively debate about which strategy is the way to go. Not too long ago, a viewer named Lee Phan hit up Zach with a question that's on the minds of many rookies: "What's the better move, wholesaling or going for rentals?" Well, let's break it down and find out. Key Takeaways: Recognizing the Importance of Investing in and Holding Real Estate. When you invest in real estate, you have the opportunity to lease it out, allowing people to pay for the property. As time passes, rental rates tend to rise, leading to the accumulation of increasingly substantial passive income. Exploring Depreciation and Cost Segregation Benefits. Real estate investments can facilitate wealth accumulation while potentially offering tax advantages. Real estate has the potential to make you financially prosperous even without substantial initial wealth. Resources: The 40 Day Challenge by Zach Boothe Propstream Listsource BatchSkipTracing use discount code : DFD DealMachine use discount code: PIN Driving for Dollars Mastery
Edgar Barbosa is an investor and realtor with a focus on helping clients get into REI to start their wealth building journey! It's clear the Military is not for the weak, and Edgar speaks to the lessons learned during his time served along with how he applies those teachings to his current lifestyle and investments. He dives into his first househack in Cicero including how he decided on the investment type, price point, and location. The power of the VA loan is brought up and Edgar discusses his plan to strategically continue leveraging that benefit. Edgar discusses his second investment which was a condo in Fulton Market and gives his perspective on investing in an A+ location. A repeated theme of this episode is the importance of building good habits, being disciplined, and doing right by others to obtain success in real estate and life as a whole! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Edgar Barbosa, RE Investors Brokerage Link: SUCI Ep 245 - JD Modrak Link: Discipline is Destiny (Book Recommendation) Link: Edgar's Instagram ----------------- Guest Questions 02:50 Housing Provider Tip: Check appliances for roaches and other pests! 04:15 Intro to our guest, Edgar Barbosa! 07:43 Joining the military and lessons learned! 15:13 Life after the military and starting in real estate. 18:26 Edgar's first househack! 21:02 The Power of the VA Loan. 25:14 Edgar's second deal. 29:59 Renting to family and friends. 31:29 Fulton Market condo as an investment. 35:57 Edgar's search for a SFH rehab project. 38:52 Getting a Real Estate license. 42:16 What is Edgar's competitive advantage? 42:47 One piece of advice for new investors. 43:09 What do you do for fun? 43:18 Good book, podcast, or self development activity that you would recommend? 43:57 Local Network Recommendation? 44:25 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.
Buying eight rental units in under one year—how is that even possible? By the time you're done with this episode, you'll know how to fund any rental property purchase, no matter how much money or experience you have. And if Tim Yu can build a rental property portfolio AND do multiple house flips in less than twelve months when he had close to nothing in his bank account this time last year, you can, too. Tim is a true Real Estate Rookie. He spent over a year listening to every episode of the show on his way to and from work. After getting fed up with analysis paralysis, Tim threw in a lowball offer on a potential BRRRR (buy, rehab, rent, refinance, repeat) property. His offer was accepted! The problem? He had NO money to buy it. Fast forward a year; Tim has done ten deals, owns eight rental units, and is getting closer to leaving his W2 job. In this episode, Tim reviews EVERY (and we mean EVERY) type of rental property financing. From hard money loans to credit cards, selling off retirement accounts, and partnerships. Whether you've got the funds or not, Tim will walk through EXACTLY how to get your first (or next) rental property! In This Episode We Cover: Rental property financing 101 and how to invest in real estate with no money Creative financing, subject to, and doing deals WITHOUT using banks How to instantly boost the cash flow on your long-term rental property Investing with partners and where to meet the most legit ones Crooked contractors and how to avoid getting scammed on your first rehab And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast Real Estate Rookie Podcast 329 on VA Loans Real Estate Rookie Podcast 330 with Serena Norris Invelo REIPro Privy RentRedi Books Mentioned in the Show: Real Estate Partnerships by Ashley Kher & Tony Robinson Rich Dad Poor Dad by Robert Kiyosaki Who Not How by Dan Sullivan Connect with Tim: Tim's BiggerPockets Profile Tim's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-335 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email: email@example.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Ready to embark on an enlightening real estate voyage? Our guest, Joe Jensen, is set to share his captivating journey of wealth creation through investing in single-family residential properties. From his beginnings in the West Desert of Utah and Nevada, to amassing an impressive portfolio of properties across the country, Joe has achieved financial freedom and more quality time with his family, all through real estate investing. He strongly believes that it's never too early or late to invest in real estate, and he's here to inspire you to take the plunge too.Joe's investing techniques have brought him great success, and he's eager to share them. One of his strategies focuses on investing in single-family homes throughout the country, each selected based on local rental demand. He's got the knack for spotting great deals, whether it's from wholesalers, real estate agents, or probate sales, and getting substantial returns on his investments. And if you think investing is limited to your local area, you're in for a surprise. Joe has a delightful long-term plan of funding his Hawaii vacations with rental income from a property there. Let's not forget, real estate investment isn't a one-size-fits-all venture. This episode looks at the wide array of options available and emphasizes the importance of finding your niche. Joe shares his insights on the different types of real estate investments and their respective responsibilities. We also touch on the importance of understanding local markets and identifying profitable properties. As we wrap up, don't forget to visit Joe's website for exclusive resources and content. So, buckle up and get ready to gain invaluable insights from one of the industry's best! Thanks again for listening. Don't forget to subscribe, share, and leave a FIVE-STAR review.Head to Dwanderful right now to claim your free real estate investing kit. And follow:http://www.Dwanderful.comhttp://www.facebook.com/Dwanderfulhttp://www.Instagram.com/Dwanderful http://www.youtube.com/DwanderfulRealEstateInvestingChannelMake it a Dwanderful Day!
As recently as August, Airbnb was doing brisk business in New York City, with more than 22,000 listings there. Two months and a citywide crackdown later, that number has fallen to just above 3,000, a decrease of more than 80%. Local Law 18, which took effect last month, requires hosts of short-term rentals on Airbnb, Vrbo and similar sites to register with the city and live in the property they’re renting out. Marketplace’s Lily Jamali spoke with Amanda Hoover, a staff writer at Wired, who’s been following the fallout from the new law.