Being that we are in the winter months and the start of a new year this is a great time of year to find motivated sellers. In this episode, Jack and Josh chat about how to get involved in your first real estate investment.
Money Magazine recently published some "tough love" by Suze Orman making the argument that you shouldn't retire until the age of 70! Josh and Jack chat about the goal of retiring much sooner and how we are working on getting there through streams of income vs accumulating an animic pile of savings.
A small change in plans. Last week we talked about a recent flip and our plans on creating scarcity and driving demand through unique marketing. Since then we have sold the property to another investor but wanted to follow-up with some thoughts on leveraging scarcity and demand.
We just finished another rehab and have chosen to flip this one. However, we are up against some time limits, especially living in the great cold north. So we have opted to experiment with the marketing and launch of this fix and flip property.
The basic concept of depreciation is that your investment property is made up of two parts, the land and the improvements on the land, i.e., your house. Appraisers will assign percentage values to your property based on these two parts. For this example, 20% of the value is the land and 80% of the value is the improvement. Over time, the house will deteriorate, the government (check with your tax advisor to make sure you qualify) lets you write down that 80% value over a certain number of...
The last 2 profit centers can be the most confusing for people, and for us, Depreciation and Amortization
Definition: What Does “Amortization” Mean In Real Estate? Amortization is the schedule of your monthly mortgage loan payments.
As you continue to make your payments, the interest amount will decrease and more of the payment will be put towards the mortgage balance. The interest amount decreases after many payments because the interest amount is calculated and figured off of what is...
Thanks to the Four Profit Centers, Real Estates Investing has created more millionaires than any other investment vehicle. In part 2, of a four-part series, we discussion appreciation and how to calculate it as part of your return on investment.
Thanks to the Four Profit Centers, Real Estates Investing has created more millionaires than any other investment vehicle. In part 1, of a four-part series, we start diving into the Four Profit Centers of Real Estate Investing with the first episode focusing on Cash on Cash Return!
In part 2, of our series on out of state real estate investing, we discuss why one should consider it, what questions you should ask, and expectations around out of state turnkey providers and wholesalers.
In this special episode and part one, of a two-part series, the Real Estate Investing Rookies are interviewed by Clayton Morris of Morris Invest, Investing in Real Estate Podcast, and former host of Fox and Friends. We spend time chatting about out of state real estate investing, how our partnership works, our local acquisition strategies, and how we got started.
This week we tackle the controversial and ongoing debate of good debt vs bad debt and chat about the pros and cons of each strategy. Do you purchase rental properties with no debt or leverage resources and possibly purchase more. We work through a couple examples and what has been working for us.
We recently finished rehabbing a property, we had our Property Launch, we accepted an offer, and the buyer backed out. In this episode, we recap what happened, the newly received offer, and how we handled negotiations.
We recently finished rehabbing a property and now we are making our Property Launch and marketing plans. This week is part one (the planning stage) where we focus on how do we stand out from a typical Open House and what we can do that's different? We will follow-up next week on how things went.
We continue our series on Finding the Money! We focus on Seller Financing where the seller is the bank and funding source. How to find these type of sellers, why they would be interested in this type of arrangement, how you would benefit, and how to negotiate.