Tag: property finder
0059 Find Geographic And Economic Indicators To Determine The Best Cities To Invest In
There are anchors you can look for, on google maps or just by doing a search of the local industries, that give you a great example cities to invest in. In this episode, I share with you the geographical anchors you can spot by looking at an address on google maps, as well as other economic anchors that can really
0058 Do Your Repairs Up Front And Save Yourself A Headache!
This is a little story time about lessons learned about why you want to do all of your repairs up front, before you start renting the property out. This is for many reasons, least of which is that it can save you money in the long run by fixing problems before they become larger, as well as giving your tenants
0057 Why You Should Buy and Hold Vs Flip
Now, before I start, there are many SUCCESSFUL flippers. However, I am speaking of why Buy and Hold Vs Flip strategy, buy and hold CAN be a better long term strategy for two key reasons 1) Return of taxes in regular and ordinary income and 2) More asset flexibility. Once I renovate A property, I am tempted to flip it,
0056 Audience Question: Should You Purchase A Tenant Occupied Property
This Audience Question is submitted by Joan P. Thanks Joan! Good luck on your real estate investing! Yes, purchasing tenant occupied property can work out, you just need to do your due diligence. This involves seeing 6 months of rent payments, doing a walk through to see how the tenants are keeping up the house, viewing the current rental agreement,
0054 Plumbing: DIY or Contract It Out?
Here is more in the series that can save you time and money. When it comes to plumbing, Ive found that there are many smaller items you can do yourself, and save yourself some money, and learn something in the process. However, I also go over where you should hire a contractor. This is part of the Cutting Costs category
0053 How I Purchased 4 Rental Properties, All Under $35,000
A common question I get asked if how did I purchase my rental properties, all which were under 30k, and making more than $900 in rents each month. This was through 4 different products/financing instruments: 1) Conventional Mortgage 2) Depleting my 401k 3) Titling My Car 4) Personal Loan From the Credit Union. These aren’t really “normal,” but at my
0052 Audience Question: Do I Create An LLC Before or After I Purchase My Rental?
This audience question is submitted by Joan P. Thank you, Joan! Her question was do you create your LLC before or after you purchase your rental property. If you are going to go the LLC route (and I discuss reasons why some people have rightly chosen not to), then you need to create the LLC beforehand. This is make sure
0051 Mentor/Mentee Investor Success Story!!
Here is Mike Kim, who I mentored through his first real estate investment deal. When Mike heard that I purchased real estate investment property under 30k, he was intrigued and interested in hearing more. Back then, we were co-workers just discussing investing. With his interest peaked, we both went and searched for investment properties, and we both purchased at the
0049 Section 8 Renters Are Now In The Surburbs
Despite what people think about the neighborhoods that I invest in, with finding investment properties under $30k, the truth is that the thought of “Section 8” renters and what that comes with just isn’t the case. I put “section 8 ” in quotes because its a loaded term and I don’t agree with how everyone uses it to judge a
0048 How To Invest If You Don’t Make A Lot Of Money
A lot of people have dreams of making it in real estate, but their reality and job doesnt lead them to think they’ll ever get to their goals. I just want to share a couple of stories with the audience of a couple of people I’ve met or read from, and even got inspiration from, that were in positions where