If you’ve started to think about investing in multi-family real estate investments, it can be easy to become starry-eyed. You might imagine higher ROI, multiple incomes from one property, and more cash flow. But before you decide to bypass the single-family route all together, you’ll want to hear today’s show.
On this episode of Investing in Real Estate, real estate legend and Rich Dad advisor Ken McElroy is back to share why he has pulled back the reigns on his multi-family investing strategy. We’ll talk about the current market, why multi-family investing isn’t working right now, and how to pivot as an investor.
As your real estate portfolio grows, it becomes impossible to remember things like when you receive rent payments, when insurance is due, and other details about each individual property. That’s why it’s incredibly important to have a system in place to account for your cash flow.
On this episode of Investing in Real Estate, Natali and I are sharing our system for managing cash flow in our real estate business. This is something we wish we had implemented back when we just had one or two properties. The sooner you have a solid system in place, the better. You don’t want to miss episode 358!
Changing your financial situation often means first changing your mindset. When it comes to financial intelligence, you'll need to think outside of the box.
On this episode of Investing in Real Estate, I'm sharing a metaphor for wealth building. We'll talk about the different levels of financial intelligence, how to approach naysayers, and why rich people don't work for money. Please join me for episode 357!
There are numerous benefits to investing in real estate, but let's not sugarcoat it: as an investor, sometimes you'll deal with inconveniences. Tenant turnovers, fines, repairs, and evictions are part of the gig. For some people, the thought of these possibilities is enough to talk them out of ever taking action.
Today's guest, Moneeka Sawyer, has learned the fine balance of creating processes that allow her investing to contribute to her joy. On this episode, you'll hear her unique investing approach, the mindset that has allowed her to build wealth, and how you can find bliss as a real estate investor.
Finances are an integral part of running any business, and real estate investing is no different. Figuring out how to properly and effectively structure your finances can be confusing, but I’ve discovered a method that has totally changed our business!
On today’s show, Natali and I are sitting down with Mike Michalowicz, the author of Profit First. Profit First is a simple and effective formula aimed to transform your business in order to earn more profit! Mike is a business guru—you don't want to miss this episode of Investing in Real Estate!
Along your wealth building journey, you’re likely to hear a lot of opinions and advice—solicited or not. Advice can be valuable, but it’s important to make sure it’s coming from a knowledgeable and trusted source.
On this episode of Investing in Real Estate, I’m imploring you to consider where your financial advice is coming from. You’ll learn what it truly means to be financially free, how to determine whether or not your financial advisor has your best interests in mind, and much more! Please join me for episode 354!
Have you ever wondered what makes some people wealthy, while others seem to stay stuck in financial distress? On today’s show, best-selling author and real estate millionaire Robert Shemin is back to share the ideas, mindsets, and tips that all wealthy people possess.
We’ll discuss goal setting, how to start thinking rich, and what it takes to get started as a real estate investor. Robert is also sharing details from his newest book, and discussing his take on the current market. If you’re looking for a daily dose of inspiration, this episode of Investing in Real Estate is for you!
When you’re looking to make a solid real estate investment, the ultimate goal is cash flow. You want your cash flow to be largely hands-off and passive, and that’s why it’s pertinent to do your research about your rental markets.
On this episode of Investing in Real Estate, Natali and I are sharing four tips that make up the most investor friendly areas. We’ll talk about how to identify a landlord-friendly city that is conducive to long-term buy and hold, and what to expect from your rental market. Don't miss this episode!
Education and planning are important for achieving your goals, but here’s the thing—in real estate investing, it becomes incredibly easy to get stuck in the mindset of exclusively learning, and never taking action. I get it; we all want to have the answers, and feel 100% prepared before we dive into a venture. But getting started is the most important, yet hardest piece of the puzzle.
On this episode of Investing in Real Estate, I’m discussing the importance of simply getting started on putting your goals to work. I’ll talk about how to stop making excuses and start taking action. If you’ve ever hesitated about getting started in real estate, this is a lesson you won't want to miss!
A 1031 exchange is a powerful tool that allows an individual to save on taxes after the sale of a piece of real estate. Doing so allows the investor to keep more money in their pocket, and defer all capital gains taxes. However, the IRS has set forth stringent rules about how a 1031 exchange must be conducted.
On this episode, Leonard Spoto from Asset Exchange Company is back to share the four basic guidelines of a 1031 exchange, and why this program is so beneficial for real estate investors. We’ll outline the basics of how to qualify, as well as the crucial steps involved in a successful 1031 exchange. Don't miss episode 350 of Investing in Real Estate!
A few months ago, we posted a video in which we discussed the behind the scenes decision-making process of a potential real estate purchase. Since then, we ultimately decided to follow through on the purchase. This deal was unlike our other real estate purchases. Typically we conduct the entire closing process electronically, and never see our rentals in person.
However, this was a rare local purchase, and I actually was able to speak with the seller—a retiring millionaire landlord. On today’s show, Natali and I are sharing the lessons we’ve learned from this experience. Please join us on episode 349 of Investing in Real Estate!
Working with an experienced, qualified property management team is paramount to a real estate investor’s success. A property management company finds the right tenants, collects the rent, and does all the legwork so you don’t have to! It’s important to remember how valuable your property management team is, and to treat them with respect.
For today’s episode, I asked my property management teams what investors can do to be helpful and easy to work with. I’m sharing the top five things you can do to not annoy your property management team. Don't miss this episode of Investing in Real Estate!
Book a call with our team: https://goo.gl/dezwHT
Show notes: http://morrisinvest.com/episode348
A self-directed IRA is a retirement account that allows the owner control over where their money performs. Being strategic within a self-directed IRA allows the investor many possibilities, but the IRS has strict regulations regarding how the funds are utilized.
On this episode, I'm welcoming back Scott Maurer of Advanta IRA. Scott is here to share the intricacies of using a self-directed IRA. We’ll discuss the do's and don'ts of utilizing this investment type, and how you can use a self-directed IRA to make the most of your real estate business. Scott is our favorite expert on this topic; you won't want to miss episode 347 of Investing in Real Estate!
How can you determine if you should get a loan on an investment property? Does it make sense financially to invest if you have to accrue debt to do so? We get this question all the time, and the truth is, there is not one universal answer.
On this episode, Natali and I are discussing how to determine if debt servicing is right for your investment. We’re sharing a specific tool you can use, and we’ll talk about the things to consider when making this decision. If you’ve ever wondered about factoring debt servicing into your investment, you won't want to miss this episode of Investing in Real Estate!