804: Why House Flipping Is a Bad Idea - Episode 804
The house flipping industry is pretty big, and I know many investors who have made it their main source of income. I understand why it's attractive, especially to new investors or someone looking to turn a quick buck. Flipping can be profitable, but it’s not for everyone. In fact, I don't recommend it for most investors. On this episode of Investing in Real Estate, I'm going to share why I adv...
18m Jan 03, 2022
18m
803: Q&A: Is a Property Management Team Worth the Expense? - Episode 803
What does it cost to hire a property management team? And is it really worth the monthly fee to work with a professional company? That's the first question I'm answering on today's Q&A episode! This episode of Investing in Real Estate features three listener questions on property management fees, leveraging the equity in rental properties, and weighing the pros and cons of a 1031 exchange. I a...
21m Dec 27, 2021
21m
802: Are Investors Buying Single-Family Homes? - Episode 802
Have you noticed that single family homes are hard to find? There are a lot of things wrong with the housing market right now. We've talked recently about the housing shortage, but today I want to cover one facet of this problem that isn't talked about often—and it's one that affects investors directly. Big money is cashing in on rental real estate. Specifically, pension funds, investment firm...
15m Dec 23, 2021
15m
801: Q&A: Cash Out Refi or HELOC - Which Is Better? - Episode 801
If you're looking to utilize the equity in a rental property, should you use a cash-out refinance or a home equity line of credit? On this Q&A episode, I'm answering this question by comparing the two products and sharing my personal preference. I'm also answering more listener questions on topics like how to find qualified tenants for your rental property, and how to decide if you should ...
21m Dec 20, 2021
21m
800: 5 Things to Do Before 2022 - Episode 800
When you’re a real estate investor, it’s important to have your taxes and finances planned out before the end of the year. Come tax time, it's really too late to make any moves that can impact your tax bill for 2021. That's why you want to be proactive now and take advantage of some of the amazing opportunities and tax deductions that real estate investing has to offer. Today I'm sharing five ...
22m Dec 16, 2021
22m
799: Q&A: How Do I Nurture My Portfolio? - Episode 799
What can you do if you've fallen off the proverbial real estate investing horse? How can you get back into nurturing your portfolio after being out of the loop? That's the first question I'm answering on this episode! On this Q&A edition of Investing in Real Estate, I'm taking three of your questions on taking care of your portfolio, dealing with tenant damages, and how to invest without using...
23m Dec 13, 2021
23m
798: What Is a Cashflow Statement? - Episode 798
What is a cashflow statement? A cashflow statement is an incredible tool you should be using to gauge how well your real estate investing business is performing. On today's show, you're going to learn how to create your own cashflow statement and why it's so important. We're going to talk about what kind of information you should expect to see on a cashflow statement, when you should use one, ...
10m Dec 09, 2021
10m
794: How to Build Generational Wealth with Your Family - Episode 794
Money can be a touchy subject. In fact, finances are the number one issue that couples fight about. A common theme that I hear often is that one partner is set on building wealth through real estate but the other one just isn't so sure! If this sounds like you, please know you're not alone. I've been there too, and it took a lot of experience, introspection, and hard lessons to get our family ...
27m Dec 06, 2021
27m
793: Q&A: Is the Build Back Better Plan Bad for Investors? - Episode 793
Is Biden's Build Back Better initiative harmful to investors? There has been some rumblings of this plan changing the structure of self-directed IRAs. On this Q&A episode, I'm answering this question—and more! On today's show, I'm answering three of your questions about the Build Back Better plan, paying off your mortgage with a HELOC, and what it costs to rollover funds to a self-directed IRA...
17m Dec 06, 2021
17m
792: Lost Your Job? Here's How to Build Enormous Wealth - Episode 792
If you're switching jobs in the near future, it's the perfect opportunity to build incredible wealth. Amidst a job change, you can switch your traditional retirement plan to a self-directed IRA. Instead of letting your old account sit there, you can convert it to a self-directed account that will allow you to buy residential real estate and exponentially grow your wealth. On this episode of In...
25m Dec 06, 2021
25m
797: Q&A: Should I Tap Into My Equity? - Episode 797
Today's first caller has access to some untapped equity. However, he's concerned about the high prices across the board in all markets. Should he tap into his equity anyway? That's the first question I'm answering on today's show! On this episode of Investing in Real Estate Investing, I'm taking three of your questions from my voicemail inbox. We're going to dive into topics like utilizing equ...
23m Dec 06, 2021
23m
796: 6 Market Red Flags: What to Avoid in a Real Estate Market - Episode 796
On today's show we're going to talk about housing markets. Specifically, if you're considering investing in a certain real estate market, I'm going to share some big red flags that might pop up in your research. I get asked constantly about various rental markets, but most of the time I just don't have the data to give you a clear cut answer. I wanted this episode of Investing in Real Estate t...
22m Dec 02, 2021
22m
795: Q&A: How Do I Maximize My Equity? - Episode 795
If you've got a stable and profitable rental property, how can you access the equity to grow your portfolio? Should you look into a HELOC or cash-out refinance, and how do you get the process started? That's our first question on this Q&A Monday! On this episode of Investing in Real Estate, I'm answering three listener questions about utilizing equity on a rental property, buying investments o...
12m Nov 29, 2021
12m
791: Q&A: How Many New Construction Rental Properties Can I Buy? - Episode 791
Today's first caller has a $160,000 home equity line of credit, and he's wondering how many new construction rental properties he can buy. On this episode of Investing in Real Estate, I'm answering this question and more of your great investing questions from my inbox. This episode covers topics like buying newly built rental properties, how to ensure your seller financing deal is solid, and h...
18m Nov 15, 2021
18m
790: The 2021 Housing Shortage Explained - Episode 790
According to a recent report by Realtor.com, there's a huge imbalance in the supply of homes and the number of people who want to become homeowners. They estimate that the US needs over 5 million homes. Now, this isn't a new problem - but it's certainly not improving. For reference, in 2019, the same report found a shortage of 3.84 million. But between the pandemic and the red-hot 2021 housing...
22m Nov 11, 2021
22m
789: Q&A: How Do I Scale from One Property? - Episode 789
There's a lot of info out there about investing in real estate. You don't have to look far to find gurus on the internet selling their courses. All of this information can be confusing and conflicting. What is actually the best way to invest in real estate? On this Q&A episode of Investing in Real Estate, I'm answering this question on how to scale a real estate business —and more! Click play ...
20m Nov 08, 2021
20m
788: 10 Habits of Wealthy Investors - Episode 788
Today I want to talk about what it takes to become a successful real estate investor, including 10 of the habits and mindset shifts that are a common theme among wealthy investors. Because the truth is, most top investors did not build their wealth by chance. Successful investing is the result of dedication, planning, and incredible paradigm shifts. Join me for this episode of Investing in Rea...
34m Nov 04, 2021
34m
787: Q&A: Should I Use Leverage or Cash? - Episode 787
Should you use your HELOC to invest or use your cash instead? Is investing in a mobile home park a solid investment? Should you pay off IRS debt or buy a rental property? I'm answering these three great questions on today's show! On this episode of Investing in Real Estate, I'm answering three of your thoughtful questions on various investing topics. As always, I value your calls and I hope yo...
18m Nov 01, 2021
18m
786: The Top 10 Worst Housing Markets for Investors - Episode 786
One of the most popular topics I get asked about is rental markets. People always want to know, "is this city a good rental market?" The truth is, market research takes a long time—months, even up to a year sometimes. So nine times out of ten, I can't tell you if your city is a good rental market. I just don't have the data. But what I can tell you is what you should look for in a stable renta...
25m Oct 28, 2021
25m
785: Q&A: What Can I Do If My Tenant Doesn't Pay Rent? - Episode 785
What can you do if your tenant stops paying rent? Are there any protections for landlords? And what types of safeguards can you put in place to mitigate this risk? These are all great questions that I'll be answering on today's Q&A episode! This episode of Investing in Real Estate covers topics like dealing with non-paying tenants, strategizing what to do with an appreciated property, and what...
23m Oct 27, 2021
23m
784: The Three Stages of Real Estate Investing - Episode 784
If you're new to real estate investing, there’s one important concept you need to grasp in order to be successful long-term. Most people who get into real estate investing have one goal in mind: cash flow. Of course, that is the ultimate goal, the end goal. But if you’re just starting out, you might need to adjust your approach. Don’t get ahead of yourself. You can certainly have cash flow, bu...
8m Oct 21, 2021
8m
783: Q&A: Can I Close on a Property Remotely? - Episode 783
Does an international investor need to travel to the US to close on a rental property? That's the first question I'm answering on today's show! On this Q&A episode of Investing in Real Estate, I'm tackling three of your questions about rental real estate. This episode contains three thoughtful listener questions on investing in the US from overseas, how to determine if you should invest in you...
13m Oct 18, 2021
13m
782: 40% of Americans Fear THIS More Than Death - Episode 782
A recent study found that a whopping 40% of Americans fear retirement more than death. Today we're going to dive into why that is, take a look at the study, and talk about what you can do if retiring scares you! What causes this fear and uncertainty? Simply put: a lack of planning and a lack of financial education. 68% of people said they thought their social security benefits will be enough t...
23m Oct 13, 2021
23m
781: Q&A: What is a Tenant Turnover? - Episode 781
What exactly is a tenant turnover? And how do you keep your expenses low when going through the process? That's the first question I'm answering on today's Q&A episode! On this episode of Investing in Real Estate, I'm taking three of your questions on mitigating tenant turnover expenses, buying real estate in a hot market, and deciding between a HELOC and a cash-out refinance. Please join me f...
22m Oct 11, 2021
22m
780: How to Prepare for a Mortgage Loan: Complete Checklist - Episode 780
When you're growing your real estate portfolio, you're likely to utilize a few different lending options. And if you've ever been through this process, you know that it can be quite grueling. Lenders will ask you for a ton of documents, credit checks, statements, proof of employment, and more personal information. I've been through this process personally many times, plus we sometimes see clien...
19m Oct 07, 2021
19m
779: Q&A: How Do I Push Past Fear to Create Financial Freedom? - Episode 779
If you're serious about wanting to build wealth but you're scared, what's the first step in the right direction? How can you push past fear and actually build passive income? That's the first question I'm answering on this Q&A episode! On this episode of Investing in Real Estate, I'm taking three of your thoughtful questions. Today's topics include overcoming fear, handling out-of-state proper...
19m Oct 04, 2021
19m
778: Top 8 Investing Risks & How to Avoid Them - Episode 778
We recently asked what topics you wanted to hear about, and avoiding risks in real estate was one of the most common answers we received. So on today's show, I'm here to talk about some of the top investing risks and how you can avoid (or at least mitigate them). This episode of Investing in Real Estate, I'm sharing eight of the top risks in real estate investing and what you can do to avoid t...
23m Sep 30, 2021
23m
777: Q&A: When Is a Good Time to Tap Into My Equity? - Episode 777
Tapping into your home equity can be a great way to build your real estate portfolio. How do you know when it's the right time to pull the equity out of a property to buy rental real estate? That's the first question I'm answering on today's Q&A! On this episode of Investing in Real Estate, I'm taking three of your thoughtful questions. Today's show covers topics like accessing home equity, se...
18m Sep 27, 2021
18m
776: Homeowners Associations: Bad for Investors? - Episode 776
Generally speaking, I am not a fan of HOAs. You may have heard me mention in the past to steer clear of investment properties with an HOA. They can be costly, they can cut into your return, and even make you want to pull your hair out. But should you always turn down a great deal if the property belongs to an HOA? On this episode of Investing in Real Estate, I'm sharing my general philosophy o...
8m Sep 24, 2021
8m
775: Q&A: How Do I Transfer My Properties Into an LLC? - Episode 775
If you own rental properties in your own name and want to transfer them into an LLC, it can seem like a daunting process. However, ownership has important legal implications, so what are your options for doing so? That's our first question for this Q&A Monday! On this episode of Investing in Real Estate, I'm answering three listener questions. Topics include putting rental properties into an L...
16m Sep 20, 2021
16m
774: 3 Ways to Reach Your Long-Term Investing Goals - Episode 774
Recently, we talked about ways to set realistic goals.  But setting goals alone doesn't help you make progress. Anyone can set a goal, but actually making it happen is another thing. Think about how many people make New Years' resolutions, and then totally forget about it by spring or summer!  Setting a goal is easy, but staying on track is not. You have to take action, stay motivated, and com...
18m Sep 16, 2021
18m
773: Q&A: How Do I Set Up an Inspection on a Rental Property? - Episode 773
What do you need to know about getting an inspection on a rental property? How does the process work, and how do you go about finding an inspector? That's the first question I'm answering on this Q&A episode! On today's show, I'm answering three of your great questions about inspections, single-family properties vs. multifamily, and what you should consider about paying off your mortgage. Tune...
21m Sep 13, 2021
21m
772: 5 Hidden Places to Find a Down Payment - Episode 772
Today I want to talk about a few different ways to come up with a down payment that you may not have considered. We work with clients from all different walks of life - and while many have large savings accounts to pull from, I understand that's not the case for everyone. But just because you don't have cash reserves available doesn't mean that real estate investing is out of the question for ...
14m Sep 09, 2021
14m
771: Q&A: What's the Best Strategy for Taking Advantage of My Equity? - Episode 771
If you have equity in some of your rental properties, what's the best way to put that equity to work? That's the first question I'll be answering on today's show! On this episode of Investing in Real Estate, I'm answering three of your thought-provoking questions. This episode covers topics like utilizing your equity, using private money, and regulations regarding FHA loans. Click play to hear...
16m Sep 06, 2021
16m
770: Danger! Don't Invest in Your Backyard - Episode 770
Should you invest close to home? It depends on a number of factors, but in most cases I would venture to say that the answer is a resounding no! On today's show we're going to talk about the problems that often accompany investing in your backyard. We're going to touch on the importance of market research and doing your due diligence. We'll talk about what you need to do to get comfortable inv...
25m Sep 02, 2021
25m
769: Q&A: How Do I Calculate the Returns on a Duplex? - Episode 769
What is the best way to calculate returns on a duplex? Should you just double the numbers for a single-family home, or does it come down to percentages? That's the first question I'm answering on today's show! On this Q&A episode of Investing in Real Estate, I'm taking three of your thoughtful questions on duplex returns, what to do when a tenant makes costly damages to your property, and idea...
17m Aug 30, 2021
17m
768: 5 Tips for Setting Realistic Goals in Real Estate - Episode 768
I truly believe that setting goals is the only way to achieve anything in your life. Because I'm so huge on goal setting, so is my entire company. In fact, if you book a call with my team, we're going to have you fill out a goals worksheet, we're going to talk about your goals, and help you map out how you plan to make them happen. On today's show I want to talk about setting goals for real es...
31m Aug 26, 2021
31m
767: Q&A: Should I Set Up an Out-of-State LLC? - Episode 767
When it comes to setting up an LLC for real estate investing, there are a few different methods you can use. There's the traditional model as well as Series LLCs. How can you determine what's right for you? That's the first question I'm answering on today's Q&A episode! On this episode of Investing in Real Estate, I'm taking three of your thoughtful questions on LLC structure options, how our ...
14m Aug 23, 2021
14m
766: Why Warren Buffet's 3 Rules of Investing Are a Game Changer - Episode 766
There are a few key habits and mindset pieces that separate those who succeed from those who fail. I'm a big proponent of taking advice from those who have proven success, and that's why I want to talk about Warren Buffett today. On this episode of Investing in Real Estate, we're looking at Warren Buffett's three rules to success, and why they're so powerful for real estate investors. You'll l...
15m Aug 19, 2021
15m
765: Q&A: Should I House Hack to Get Started in Real Estate? - Episode 765
Is it a good idea to house hack in order to get your start as a real estate investor? That's our first question on today's show, and I'm going to share some pros and cons of house hacking. This Q&A episode also contains questions about accelerating cash flow and what you need to know about using a HELOC to invest. If you want to hear my answers to your real estate questions, press play on this...
14m Aug 17, 2021
14m
764: 5 Ways Our Investors Save on Real Estate - Episode 764
Today we're going to talk about five ways that our investors save. You might think that working with a full-service company would be more expensive, but that's not always the case. On this episode of Investing in Real Estate, I'm going to pull back the curtain and talk about five reasons why our investors actually pay less. Join me for episode 764!
12m Aug 12, 2021
12m
763: Q&A: Should I Wait to Invest? - Episode 763
Is now a good time to invest in real estate? Or would it be better to wait til some of the dust settles in the market? That's the first question I'm answering on this episode of Investing in Real Estate! On this Q&A episode, I'm taking three of your thoughtful questions on the right time to invest, house hacking, and using a HELOC to buy rental real estate. Click play to hear my thoughts on th...
20m Aug 09, 2021
20m
762: Zero to 15 Rental Properties in 3 Years - Episode 762
Nothing makes me happier than hearing stories about investors who took charge of their financial education and built a successful rental portfolio. Today I'm proud to share this interview with Don, an investor who quickly created a portfolio of 15 rental properties in just three years. On this episode of Investing in Real Estate, Don is sharing how he got inspired to invest in real estate, the...
28m Aug 05, 2021
28m
761: Q&A: What's the Best Way to Start a Real Estate Partnership? - Episode 761
If you're considering entering a real estate partnership, what's the best way to go about it? What types of safeguards should you put in place? That's the first question I'm answering on this Q&A episode! On today's show, I'm taking three of your thoughtful questions on real estate partnerships, building a real estate portfolio from the ground up, and how to decide if you should accept tenants...
15m Aug 02, 2021
15m
760: What Investors Need to Know About the Housing Shortage - Episode 760
It's no secret the US is in the depths of a housing shortage. Today we're going to talk about this and what it means for you as an investor. We're going to discuss some basic economics, including how a housing shortage happens. I'll share some interesting statistics, and my opinion on how investors should navigate this housing shortage. Please join me for this episode of Investing in Real Estate!
20m Jul 29, 2021
20m
759: Q&A: How Should I Finance My Rental Properties? - Episode 759
When you're looking to expand your portfolio, you'll likely need to consider multiple funding options. Often the methods that new investors use to get started are not sustainable long-term. If you're looking to expand your funding options, where should you look? On today's Q&A edition of Investing in Real Estate, you're going to hear my opinions on three different listener questions. Today's t...
15m Jul 28, 2021
15m
758: Asset Protection for Real Estate Investors with Clint Coons - Episode 758
When you're investing in real estate, one important aspect you don't want to overlook is asset protection. Asset protection is a critical part of your success as an investor, so it's important that you seek individualized, specialized advice from a seasoned professional. Today's guest, Clint Coons, is one of the founding partners of Anderson Law Group. Clint personally owns over 200 properties...
32m Jul 22, 2021
32m
757: Q&A: Should I Sell an Appreciated Rental? - Episode 757
While I don't usually invest for appreciation, sometimes properties do go up in value. If your property appreciates immensely, should you sell it and make a profit? That's the first question I'm answering on this Q&A episode! On this episode of Investing in Real Estate, I'm answering your questions from my voicemail. Today's questions include topic like how to determine what to do with an ...
12m Jul 19, 2021
12m
756: The Truth About Passive Income - Episode 756
There's a huge misconception about passive income. On this episode of Investing in Real Estate, let's talk about what you really need to do in order to receive passive income from performing assets. First we're going to define what passive income is and where it truly comes from. I'm going to share the biggest misconception about passive income. You'll hear about the work involved with investi...
11m Jul 15, 2021
11m
755: Q&A: What's the Best Way to Pay Off a House? - Episode 755
If you want to pay off your mortgage, what's the best way to go about it? Is there a better strategy than just throwing cash at your loan? That's our first question on today's Q&A episode! On this episode of Investing in Real Estate, I'm answering three of your thought-provoking questions on paying off a mortgage, the right amount of money to start investing, and how to leverage your home's eq...
16m Jul 12, 2021
16m