13. Premium Content
0041 Excuses To Be Aware Of: Why The Rent Is Late
I have heard many reasons of why the rent is late. If you’re going to get into real estate investing for rental income, welcome to the club! Seriously, everyone is different, but if hearing some of my experience rings a bell, or helps you in your real estate investing, then I will share all I have heard from previous tenants
0037 It Gets Easier Each And Every House
If you read literature that talks about wealth building, or people who have created their business, you hear the same themes: It gets easier every time, and that you do that same thing that works over and over again. I am here to confirm, once you get started, and your first house finished, every single other house after that will
0036 Taking Pictures After All Contractor Work
I have started taking pictures more and more often in the last two rehabs, and I have noticed that the benefits have been amazing. For documentation, recalling defects, dealing effectively with contractors, and even for legal reasons, this will not only help your long distance investing strategy, it ABSOLUTELY help every part of your real estate investing business. Pictures ARE
0035 Deadbeats and Hardworkers: You’ll Find Them In Every Low Income Neighborhood
Throughout every low income neighborhood you encounter, you’re going to realize a few truths about the people that live there. You will always have neighbors that are working very hard in life (2 or 3 jobs even) to make money and take care of themselves. And there are ALWAYS people who are deadbeats, not working, not contributing anything to society
0034 Use Credit Cautiously
I am a big advocate of using credit in different capacities, either a credit card, balance transfers, lines of credit, etc. This is because it is easier to obtain, its unsecured (thus not putting your investment at risk of repossession, and private. However, it would be remiss of me to not caveat this use of credit with some advice on
0031 Which Big Box Store Should You Choose: Home Depot, Lowes, or BestBuy
I used big box stores for a variety of reasons: Financing terms, appliances, to get advice on do it yourself projects and their installation services for windows, roofs, etc. Here, I go into my experiences within difference cities, and which ones I go to for different reasons.
0033 Things You Get Used To, That You Never Thought You Would
In the last 4 years of doing real estate investing in lower income neighborhoods, there is an acceptance of things I once thought were unacceptable. However, you start to get used to some things that used to scare you in your thoughts, but with familiarity, doesnt scare you anymore. Of course I always encourage everyone to be cautious and careful
0032 HOA and Code Enforcement – Give In Gracefully
Home Owners Associations (HOAs) are the most annoying entities on the planet. As a real estate investor, they will have more input on your business on average than any local city council or state regulations. As a rule, unless there are no other options, I will avoid these because its an add layer of rules and regulations on your investment
0030 How To Find A Property Manager
Here are the standard set of questions I will send to property managers when deciding which one to choose. This is an EXTREMELY important part of my Real Estate Investment Strategy since I own properties 35-90 miles outside of where I live. The right property managers will make things flow smoothly where you can be on vacation in Germany and
0026 State And Local Politics, And Why They Matter
I have alluded in previous episodes, but I wanted to explain very clearly why you should always take local and state politics (not so much national politics) when deciding where to build your real estate investing empire. What I share may seem like common knowledge, however, most investors learn about these obstacles AFTER investing a large amount of capital. Hopefully,