Yes, that’s right.  The podcast will be returning to this summer! I can’t tell you how excited I am to be chatting with you each week again as I feel like there is so much we have all learned and experienced over the last year that we can share. On this quick announcement episode, I share some details about the return of the RentalRookie Podcast and what to expect.   I also invite you to a Virtual Real Estate Investing Summit happening April 22-24, 2021. It’s 100% FREE and is comprised of 18 buy and hold investors who are coming together to teach and share with you what works and what we’ve learned in our experiences building rental portfolios.  You can expect to learn:  About creative investing strategies that could yield double-digit returnsThe steps to take to become a full-time real estate investorHow and where to buy your first rental propertyThe build-to-rent and BRRR strategies, two of our favorite investment strategiesFinancing strategies to get unlimited rental property loansand more… If you’re interested in grabbing your spot to attend for free go to rentalrookie.com/summit to learn more!  The post Quick Announcements: The Podcast is Coming Back appeared first on Rental Rookie.

Yes, that’s right.  The podcast will be returning to this summer! I can’t tell you how excited I am to be chatting with you each week again as I feel like there is so much we have all learned and experienced over the last year that we can share. On this quick announcement episode, I share some details about the return of the RentalRookie Podcast and what to expect.   I also invite you to a Virtual Real Estate Investing Summit happening April 22-24, 2021. It’s 100% FREE and is comprised of 18 buy and hold investors who are coming together to teach and share with you what works and what we’ve learned in our experiences building rental portfolios.  You can expect to learn:  <ul><li>About creative investing strategies that could yield double-digit returns</li><li>The steps to take to become a full-time real estate investor</li><li>How and where to buy your first rental property</li><li>The build-to-rent and BRRR strategies, two of our favorite investment strategies</li><li>Financing strategies to get unlimited rental property loans</li><li>and more…</li></ul> If you’re interested in grabbing your spot to attend for free go to <a>rentalrookie.com/summit</a> to learn more!  The post <a href="http://rentalrookie.com/podcast/quick-announcements-the-podcast-is-coming-back" rel="nofollow" target="_blank">Quick Announcements: The Podcast is Coming Back</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Quick Announcements: The Podcast is Coming Back

Lines of credit can be a great financial strategy when it comes to financing rental property. Whether it be a HELOC, secured line of credit or unsecured line of credit it allow you some flexibility to acquire property. What is an unsecured line of credit? An unsecured line of credit is a revolving account that allows you to draw and repay based on your need for the money. What’s great about an unsecured LOC is that you don’t have to put any personal funds or properties up as collateral for the access to the money. With the turnkey real estate investments you can learn facts and how to manage your future real estate investments. This is the fundamental difference between a secured and unsecured line.  If it happens that your credit debts get out of control, you may consider visiting a place like debtconsolidation.com credit repair for credit repair assistance to help get your finances back on a track. For a secured LOC you must put up property or cash as collateral so that if you can’t pay the line back the bank may take your assets and hiring a credit repair specialist.  In this podcast episode we shared how we were able to take our secured line of credit to an unsecured line of credit… …then we were able to get it increased by 50%. Tune in to hear the strategy we used to reach this goal.H Read More: The Ultimate Guide to Financing Rental Property  The post Show164: How we Doubled our Unsecured Line of Credit appeared first on Rental Rookie.

Lines of credit can be a great financial strategy when it comes to financing rental property. Whether it be a HELOC, secured line of credit or unsecured line of credit it allow you some flexibility to acquire property. What is an unsecured line of credit? An unsecured line of credit is a revolving account that allows you to draw and repay based on your need for the money. What’s great about an unsecured LOC is that you don’t have to put any personal funds or properties up as collateral for the access to the money. With the <a href="https://highreturnrealestate.com/contact-us/" rel="nofollow" target="_blank">turnkey real estate investments</a> you can learn facts and how to manage your future real estate investments. This is the fundamental difference between a secured and unsecured line. If it happens that your credit debts get out of control, you may consider visiting a place like <a href="https://www.debtconsolidation.com/credit-repair/" rel="nofollow" target="_blank">debtconsolidation.com credit repair</a> for credit repair assistance to help get your finances back on a track. For a secured LOC you must put up property or cash as collateral so that if you can’t pay the line back the bank may take your assets and <a href="https://www.pocket-lint.com/gadgets/news/157646-credit-repair-companies" rel="nofollow" target="_blank">hiring a credit repair specialist</a>. In this podcast episode we shared how we were able to take our secured line of credit to an unsecured line of credit… …then we were able to get it increased by 50%. Tune in to hear the strategy we used to reach this goal.H <a href="http://rentalrookie.com/investment-property-loans" rel="nofollow" target="_blank">Read More: The Ultimate Guide to Financing Rental Property</a> The post <a href="http://rentalrookie.com/podcast/unsecured-line-of-credit-2" rel="nofollow" target="_blank">Show164: How we Doubled our Unsecured Line of Credit</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show164: How we Doubled our Unsecured Line of Credit

Yep….not just a new year…it’s a new decade. And with that comes excitement and inspiration and motivation. It’s like you wake up one morning a totally changed and motivated individual…. because that’s what happens. We go to bed on December 31st every year and wake up a new person the next morning. Right? I’m here to tell you that this year…..is your year. Stop letting your fears get in the way…. Stop letting what other people think about you get in the way… Sit down and take control of your life and where you want to go. Be intentional about what you want your like to look like. Because I can tell you that Kirk and I sat down 8 years ago and sketched out what we wanted our life to look like. Why? Because we wanted to be different. We wanted to live a life not like the average Joe. We wanted freedom and flexibility and financial stability. We committed to the family we one day wanted to have. We committed to it so hard that we started working on that dream and that commitment two years before we even had children. I can tell you that this ride that we have been on over the last ten years and has been wild and sometimes scary but it has been intentional. I can look back now 10 years later and say that the things we wanted our life to look like when we were just babies who had just been married… …they’ve come true. You guys…..they’ve come true! But it took a level of commitment and courage that few will pursue. But I can tell you that it’s worth it. So make this year yours. Take action…dream big and commit to making those dreams become a reality. Because you’re worth it! The post Show163: This is Your Year…Make it Happen appeared first on Rental Rookie.

Yep….not just a new year…it’s a new decade. And with that comes excitement and inspiration and motivation. It’s like you wake up one morning a totally changed and motivated individual…. because that’s what happens. We go to bed on December 31st every year and wake up a new person the next morning. Right? I’m here to tell you that this year…..is your year. Stop letting your fears get in the way…. Stop letting what other people think about you get in the way… Sit down and take control of your life and where you want to go. Be intentional about what you want your like to look like. Because I can tell you that Kirk and I sat down 8 years ago and sketched out what we wanted our life to look like. Why? Because we wanted to be different. We wanted to live a life not like the average Joe. We wanted freedom and flexibility and financial stability. We committed to the family we one day wanted to have. We committed to it so hard that we started working on that dream and that commitment two years before we even had children. I can tell you that this ride that we have been on over the last ten years and has been wild and sometimes scary but it has been intentional. I can look back now 10 years later and say that the things we wanted our life to look like when we were just babies who had just been married… …they’ve come true. You guys…..they’ve come true! But it took a level of commitment and courage that few will pursue. But I can tell you that it’s worth it. So make this year yours. Take action…dream big and commit to making those dreams become a reality. Because you’re worth it! The post <a href="http://rentalrookie.com/podcast/your-dreams" rel="nofollow" target="_blank">Show163: This is Your Year…Make it Happen</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show163: This is Your Year…Make it Happen

The 12th Day of Christmas! We’ve made it to the end of our 12 days of Christmas and I hope I’ve inspired and motivated you to kick some butt in 2020. So to end our 12 day long focus of learning about investing in real estate (look at here for advice) I’m giving you 4 things to do right now to jumpstart your journey toward buying that first property. You can look at the covid   and the condo market for options. !. Do a financial audit of your finances Take a look at everything.  Calculate you total monthly income (include work income, side job incomes, child support, etc.Add up your fixed expenses (the expenses that you HAVE to pay each month)  What you are currently saving each monthWhat does your current investment portfolio look like, is it enough to start gold trading in United Kingdom? 2. Get knowledgable  Get some new books and podcasts to add to your list for the new year. The Millionaire Real Estate Investor by Gary KellarThe Book on Rental Property Investing by Brandon TurnerRich Dad, Poor Dad by Robert KiyosakiHow to Rent Vacation Properties by Owner by Christine KarpinskiBuilding Wealth One House at a Time by John SchaubReal Estate Tax Loopholes &amp; Secrets by Stephen NelsonThe Book on Managing Rental Property by Brandon &amp; Heather Turner Visit thechildrensisa.com for tips on saving for your child’s education or a new home. 3. Determine your why Think about the following things and spend some time reflecting. Do you want the property to provide you with monthly income or gain appreciation for future resale?What type of demographic do you wish to rent to? (families, low income, high end, etc) Get in touch with a new home builder or to a custom home builder so they can give you a quote and offer something in line with your wants.What types of properties do you want to invest in? (condos, duplexes, mobile homes like those from the AmericanListed site, and etc)Where do you want to invest?What is the financial goal you are working toward with the investment in rental properties? Visit the beautiful Sky Eden showflat soon at Bedok District 16 of Singapore. 4. Join an investor’s group RentalRookie Private Facebook Group National REIA Groups BiggerPockets Rental Property Accelerator Challenge  The post Show162: 4 Things to Kick off Your Investing Journey appeared first on Rental Rookie.

The 12th Day of Christmas! We’ve made it to the end of our 12 days of Christmas and I hope I’ve inspired and motivated you to kick some butt in 2020. So to end our 12 day long focus of learning about investing in real estate (<a href="https://www.five-starbank.com/banking/personal-banking/checking" rel="nofollow" target="_blank">look at here</a> for advice) I’m giving you 4 things to do right now to jumpstart your journey toward buying that first property. You can look at the <a href="https://firstaccesscondos.com/covid-and-our-condo-market/" rel="nofollow" target="_blank">covid and the condo market</a> for options. !. Do a financial audit of your finances Take a look at everything. <ul><li>Calculate you total monthly income (include work income, side job incomes, child support, etc.</li><li>Add up your fixed expenses (the expenses that you HAVE to pay each month)  </li><li>What you are currently saving each month What does your current investment portfolio look like, is it enough to start <a href="https://www.vtmarkets.com/" rel="nofollow" target="_blank">gold trading in United Kingdom</a>?</li></ul> 2. Get knowledgable Get some new books and podcasts to add to your list for the new year. <ul><li>The Millionaire Real Estate Investor by Gary Kellar</li><li>The Book on Rental Property Investing by Brandon Turner</li><li>Rich Dad, Poor Dad by Robert Kiyosaki</li><li>How to Rent Vacation Properties by Owner by Christine Karpinski</li><li>Building Wealth One House at a Time by John Schaub</li><li>Real Estate Tax Loopholes &amp; Secrets by Stephen Nelson</li><li>The Book on Managing Rental Property by Brandon &amp; Heather Turner</li></ul> Visit <a href="https://thechildrensisa.com/" rel="nofollow" target="_blank">thechildrensisa.com</a> for tips on saving for your child’s education or a new home. 3. Determine your why Think about the following things and spend some time reflecting. <ul><li>Do you want the property to provide you with monthly income or gain appreciation for future resale?</li><li>What type of demographic do you wish to rent to? (families, low income, high end, etc) Get in touch with a <a href="https://www.icon-group.com/" rel="nofollow" target="_blank">new home builder</a> or to a <a href="https://belmanhomes.com/building-services/real-estate/" rel="nofollow" target="_blank">custom home builder</a> so they can give you a quote and offer something in line with your wants.</li><li>What types of properties do you want to invest in? (condos, duplexes, mobile homes like those from the <a href="https://www.americanlisted.com/georgia_10/houses_28/mobile+home+under+10000/" rel="nofollow" target="_blank">AmericanListed</a> site, and etc)</li><li>Where do you want to invest?</li><li>What is the financial goal you are working toward with the investment in rental properties?</li></ul> Visit the beautiful <a href="https://www.sky-eden.sg/showflat/" rel="nofollow" target="_blank">Sky Eden showflat</a> soon at Bedok District 16 of Singapore. 4. Join an investor’s group RentalRookie Private Facebook Group National REIA Groups BiggerPockets <a href="http://rentalrookie.com/challenge" rel="nofollow" target="_blank">Rental Property Accelerator Challenge</a> The post <a href="http://rentalrookie.com/podcast/investing-journey" rel="nofollow" target="_blank">Show162: 4 Things to Kick off Your Investing Journey</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show162: 4 Things to Kick off Your Investing Journey

It’s the 11th Day of Christmas Stage fright. Have you ever felt this? When you’ve worked so hard at something (dance, piano, athletic event, choir concert)  you’ve put your blood, sweat and tears into really mastering the skill so you can perform well. And you get to the event…..and your slammed with stage fright. It can totally inhibit your performance. Fill you with anxiety and fear, Even when you know you’ve done the work to get out and do your best. Some of us can push through and face that stage fright head on ….. …while others can’t. I see this same ‘stage fright’ happen with newbie real estate investors. They’ll spend months and years learning, reading, listening, mentoring with seasoned real estate investors. They’ll listen to podcasts. Read book after book. Buy online courses to learn Attend events. Here’s a list of the best online stores for cocktail dresses so you’ll have an outfit for events with dress codes. Find a mentor Not just that but they’ll do the work to learn the market and master running the numbers and know what questions to ask. And then it happens. They find a potential deal that checks all of their boxes. And the stage fright comes barreling in. In our world we will often refer to it as ‘analysis paralysis’ The paralysis of moving forward and actually making the offer sometimes is so strong that it will paralyze newbie investors from ever taking action. And this kills me. I see smart, steadfast rookies who are determined to reach their goals stop just footsteps before the finish line. And it comes down to fear. Those fears and limiting beliefs pop back up and hold us back. And what is important to realize is that even when you make the offer and get under contract there is still protection for you. As a newbie investors making sure that you include the contingencies in the real estate contract are huge for giving you protection and peace of mind. Home inspections protect you the buyer form anything unforeseen with the structure of the house that could ultimately make the deal bad. Maybe there’s some foundational damage that you didn’t notice that would cost a ton. Maybe some work hasn’t been done up to code and would require a heavy investment to fix. These things that come up with the home inspection that are unforeseen give you the chance to walk from the contract if it would ultimately inhibit the deal and the numbers. The appraisal contingency  is in place to protect you from buying a property that isn’t worth the value that you are paying for it. If you were to get an appraisal and find out that the property isn’t valued at what the agreed on sale price is and is lower you have room to renegotiate or walk.  The financing contingency is there to protect you if there’s anything that goes wrong in the loan process which would result in you not being able to get the loan you plan to use to buy the property.  But you have to be sure to include these contingencies in your contract. And as a brand new investor…I would always include these for your own peace of mind and protection. So don’t let the stage fright or analysis paralysis stop you from going after that first property and reaching your financial and lifestyle goals.  The post Show161: Overcoming stage fright with investing appeared first on Rental Rookie.

It’s the 11th Day of Christmas Stage fright. Have you ever felt this? When you’ve worked so hard at something (dance, piano, athletic event, choir concert) you’ve put your blood, sweat and tears into really mastering the skill so you can perform well. And you get to the event…..and your slammed with stage fright. It can totally inhibit your performance. Fill you with anxiety and fear, Even when you know you’ve done the work to get out and do your best. Some of us can push through and face that stage fright head on ….. …while others can’t. I see this same ‘stage fright’ happen with newbie real estate investors. They’ll spend months and years learning, reading, listening, mentoring with seasoned real estate investors. They’ll listen to podcasts. Read book after book. Buy online courses to learn Attend events. Here’s a list of the <a href="https://www.peachesboutique.com/dresses/occasion/cocktail" rel="nofollow" target="_blank">best online stores for cocktail dresses</a> so you’ll have an outfit for events with dress codes. Find a mentor Not just that but they’ll do the work to learn the market and master running the numbers and know what questions to ask. And then it happens. They find a potential deal that checks all of their boxes. And the stage fright comes barreling in. In our world we will often refer to it as ‘analysis paralysis’ The paralysis of moving forward and actually making the offer sometimes is so strong that it will paralyze newbie investors from ever taking action. And this kills me. I see smart, steadfast rookies who are determined to reach their goals stop just footsteps before the finish line. And it comes down to fear. Those fears and limiting beliefs pop back up and hold us back. And what is important to realize is that even when you make the offer and get under contract there is still protection for you. As a newbie investors making sure that you include the contingencies in the real estate contract are huge for giving you protection and peace of mind. Home inspections protect you the buyer form anything unforeseen with the structure of the house that could ultimately make the deal bad. Maybe there’s some foundational damage that you didn’t notice that would cost a ton. Maybe some work hasn’t been done up to code and would require a heavy investment to fix. These things that come up with the home inspection that are unforeseen give you the chance to walk from the contract if it would ultimately inhibit the deal and the numbers. The appraisal contingency is in place to protect you from buying a property that isn’t worth the value that you are paying for it. If you were to get an appraisal and find out that the property isn’t valued at what the agreed on sale price is and is lower you have room to renegotiate or walk. The financing contingency is there to protect you if there’s anything that goes wrong in the loan process which would result in you not being able to get the loan you plan to use to buy the property. But you have to be sure to include these contingencies in your contract. And as a brand new investor…I would always include these for your own peace of mind and protection. So don’t let the stage fright or analysis paralysis stop you from going after that first property and reaching your financial and lifestyle goals. The post <a href="http://rentalrookie.com/podcast/stage-fright" rel="nofollow" target="_blank">Show161: Overcoming stage fright with investing</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show161: Overcoming stage fright with investing

It’s the 10th day of Christmas!  We are about to kick off a brand spanking new year. And if you already own  rental properties like student apartments for rent  but have not kept track of your tax deductible items for investing in rentals now’s the time to clean that side of the business up. If you’re coming in hot to 2020 ready to buy your first property…then knowing the things you should be keeping track of from the start will make your life 100x more easier when it comes time to do your taxes. —-Tax time of the year can be such a drag for a lot of people. Although it is a time to financially reflect on your year, it also is a time that can cause a lot of headaches if you haven’t stayed organized throughout the year. Whether you complete your taxes on your own or hire a tax professional to do them, there is always work that you need to do. Yes, more work if you desire to tackle this challenge on your own. But if you hire an accountant to do your taxes you still have to organize and compile all of your documents and tally up business expenses. To deal with such situations, visit Tax Shark here &gt;&gt;  The reality is that even if you are a newer investor with one or two properties you had a year of rental activities and whether it feels like a business or not….it is a rental business. So it’s important that, especially during tax time, you treat it as such. This can be scary for rookie investors, especially if you feel accomplished that you were able to find, buy, and manage your very own rental property. If you are reading this before you’ve started investing, great, you will know what things you need to keep track off throughout the course of the year when you finally get a property. If you already own a property, then hopefully this will reinforce or shed some light on something you hadn’t thought of or kept track of before. What Do You Need To Track… Below is a list of the documentation and expenses that you will want to keep track off to give to your CPA. 1098- This statement should be supplied by the bank that services your loan and is an overview of the mortgage interest you paid in your mortgage payments throughout the year. In the 2018 tax year you can only deduct Real Estate Tax Records- This record you must seek out on your own and it can be found on the county website or on your escrow statement. HOA Dues/Condo Fees- Each month you should keep the statements that are sent to you so that you can total it up at the end of the year. **Tip:  Hang on to these statements in a file in case you are ever audited.  Management Fees- If you use a property manager, keep track of the monthly fee you pay them. You can contact Redkite law firm for professional legal services. Advertising- Any advertising fees that you have throughout the year should be totaled and given to your CPA. Utilities- If you, as the landlord, pay any of the utilities keep the statements so that they can be totaled and included in your overall analysis. Rent- You should use some sort of tracking system throughout the year that every time you received a rent payment, you enter it into a tracking system. You will need to total your gross rental income for your analysis and you should have a record to show these payments. Operating Expense List- This is a record that you create that keeps tally of expenses related to the operation of the business each year: gas, meals, contractor service calls, lawn maintenance, snow removal, etc. These expenses are deductible. Improvements- Any one time improvements that you make on the property should be tracked throughout the year. However, they are not included in your annual tax analysis and you cannot deduct the cost of those one time improvements. That record will be utilized whenever you go to sell the property to reduce your cost basis.  What’s that mean?  You are going to sell your investment property in 10 years for $200,000. You originally bought the house for $100,000. So your gains would be $100,000. When the time comes, pay attention to cash buyers scams.  But, if you’ve kept track of these improvements, you add it to the $100,000 (original price) which then reduces your gains for tax purposes, requiring you to pay less in tax. Rental Property Tax Benefits One of the many features of investing in rental property is that as rental business owners we are able to have tax benefits each year. While we don’t necessarily feel these benefits as in money directly going into our bank accounts every month (like cash flow) tax laws do offer us an advantage in terms of mortgage interest reduction and depreciation that allows us to reduce or cost basis for tax purposes. For example, if you have a $100,000 property (structure only not land value) you are able to calculate your depreciation by dividing the value by 27.5 resulting in a tax write off of $3,636. This is savings that you don’t feel every month but ultimately helps your business profits. There are multiple resources out there for you to use to keep your records. One specific one I use is the iSpending app on my phone. I can easily input information anywhere and it allows me to export my information to print to take to our CPA when it’s that time. Yes, there are many things that you need to keep track of. But if you get a system in place, it can be rather easy and at the end of the day, when April 15th comes around, you and your CPA will be breathing much easier! The post Show160: Tax benefits of buying rental property appeared first on Rental Rookie.

It’s the 10th day of Christmas! We are about to kick off a brand spanking new year. And if you already own rental properties like <a href="https://gracepropertiesofva.com/student-apartments" rel="nofollow" target="_blank">student apartments for rent</a> but have not kept track of your tax deductible items for investing in rentals now’s the time to clean that side of the business up. If you’re coming in hot to 2020 ready to buy your first property…then knowing the things you should be keeping track of from the start will make your life 100x more easier when it comes time to do your taxes. —-Tax time of the year can be such a drag for a lot of people. Although it is a time to financially reflect on your year, it also is a time that can cause a lot of headaches if you haven’t stayed organized throughout the year. Whether you complete your taxes on your own or hire a tax professional to do them, there is always work that you need to do. Yes, more work if you desire to tackle this challenge on your own. But if you hire an accountant to do your taxes you still have to organize and compile all of your documents and tally up business expenses. To deal with such situations, <a href="https://taxsharkinc.com/roseville/" rel="nofollow" target="_blank">visit Tax Shark here &gt;&gt; </a> The reality is that even if you are a newer investor with one or two properties you had a year of rental activities and whether it feels like a business or not….it is a rental business. So it’s important that, especially during tax time, you treat it as such. This can be scary for rookie investors, especially if you feel accomplished that you were able to find, buy, and manage your very own rental property. If you are reading this before you’ve started investing, great, you will know what things you need to keep track off throughout the course of the year when you finally get a property. If you already own a property, then hopefully this will reinforce or shed some light on something you hadn’t thought of or kept track of before. What Do You Need To Track… Below is a list of the documentation and expenses that you will want to keep track off to give to your CPA. 1098- This statement should be supplied by the bank that services your loan and is an overview of the mortgage interest you paid in your mortgage payments throughout the year. In the 2018 tax year you can only deduct Real Estate Tax Records- This record you must seek out on your own and it can be found on the county website or on your escrow statement. HOA Dues/Condo Fees- Each month you should keep the statements that are sent to you so that you can total it up at the end of the year. **Tip: Hang on to these statements in a file in case you are ever audited. Management Fees- If you use a property manager, keep track of the monthly fee you pay them. You can contact <a href="https://www.redkitesolicitors.co.uk/cardiff/" rel="nofollow" target="_blank">Redkite law</a> firm for professional legal services. Advertising- Any advertising fees that you have throughout the year should be totaled and given to your CPA. Utilities- If you, as the landlord, pay any of the utilities keep the statements so that they can be totaled and included in your overall analysis. Rent- You should use some sort of tracking system throughout the year that every time you received a rent payment, you enter it into a tracking system. You will need to total your gross rental income for your analysis and you should have a record to show these payments. Operating Expense List- This is a record that you create that keeps tally of expenses related to the operation of the business each year: gas, meals, contractor service calls, lawn maintenance, snow removal, etc. These expenses are deductible. Improvements- Any one time improvements that you make on the property should be tracked throughout the year. However, they are not included in your annual tax analysis and you cannot deduct the cost of those one time improvements. That record will be utilized whenever you go to sell the property to reduce your cost basis. What’s that mean? You are going to sell your investment property in 10 years for $200,000. You originally bought the house for $100,000. So your gains would be $100,000. When the time comes, <a href="https://www.zee-holdings.com/how-to-avoid-we-buy-houses-scams/" rel="nofollow" target="_blank">pay attention to cash buyers scams</a>. But, if you’ve kept track of these improvements, you add it to the $100,000 (original price) which then reduces your gains for tax purposes, requiring you to pay less in tax. Rental Property Tax Benefits One of the many features of investing in rental property is that as rental business owners we are able to have tax benefits each year. While we don’t necessarily feel these benefits as in money directly going into our bank accounts every month (like cash flow) tax laws do offer us an advantage in terms of mortgage interest reduction and depreciation that allows us to reduce or cost basis for tax purposes. For example, if you have a $100,000 property (structure only not land value) you are able to calculate your depreciation by dividing the value by 27.5 resulting in a tax write off of $3,636. This is savings that you don’t feel every month but ultimately helps your business profits. There are multiple resources out there for you to use to keep your records. One specific one I use is the iSpending app on my phone. I can easily input information anywhere and it allows me to export my information to print to take to our CPA when it’s that time. Yes, there are many things that you need to keep track of. But if you get a system in place, it can be rather easy and at the end of the day, when April 15th comes around, you and your CPA will be breathing much easier! The post <a href="http://rentalrookie.com/podcast/tax-benefits-of-buying-rental-property" rel="nofollow" target="_blank">Show160: Tax benefits of buying rental property</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show160: Tax benefits of buying rental property

It’s the 9th day of Christmas and it’s my birthday!! And in the spite of gift giving in receiving I want to talk about tenant experience and how providing tenants with unexpected gifts can be huge in having proud, loyal tenants.  Think about it. We put a lot of effort, time and money into buying these investments and we want to have a great experience ourselves so we need to have our tenants have a great experience. How do we do this? We have welcome packages for our new tenants.           We provide new tenants with a welcome gift.  It could be a gift card,           welcome flowers, a gift basket of items you need when you first move in.  This gives the tenants a great feeling when they move in and get things kicked off on the right foot. We also provide a welcome package that gives them important necessary information that will help smooth the transition so that there aren’t any hiccups with the move in. Another one is we recommend our trusted professional moving services provided by Removalist Perth for their move. 2. We give holiday gifts to our tenants Providing tenants with an unexpected small gift at the holidays leaves tenants feeling so appreciated during the holidays.  We’ve had the sweetest messages and emails from tenants after we’ve sent cookies, gift cards, gift baskets for us thinking of them. It goes to the notion of being seen, heard and appreciated by us as the landlord. When we do this with our tenants, it helps create a better experience for all!   The post Show159: The importance of tenant experience appeared first on Rental Rookie.

It’s the 9th day of Christmas and it’s my birthday!! And in the spite of gift giving in receiving I want to talk about tenant experience and how providing tenants with unexpected gifts can be huge in having proud, loyal tenants. Think about it. We put a lot of effort, time and money into buying these investments and we want to have a great experience ourselves so we need to have our tenants have a great experience. How do we do this? <ol><li>We have welcome packages for our new tenants.</li></ol> We provide new tenants with a welcome gift. It could be a gift card, welcome flowers, a gift basket of items you need when you first move in. This gives the tenants a great feeling when they move in and get things kicked off on the right foot. We also provide a welcome package that gives them important necessary information that will help smooth the transition so that there aren’t any hiccups with the move in. Another one is we recommend our trusted professional moving services provided by <a href="https://mymoovers.com.au/removals/removalists-perth/" rel="nofollow" target="_blank">Removalist Perth</a> for their move. 2. We give holiday gifts to our tenants Providing tenants with an unexpected small gift at the holidays leaves tenants feeling so appreciated during the holidays. We’ve had the sweetest messages and emails from tenants after we’ve sent cookies, gift cards, gift baskets for us thinking of them. It goes to the notion of being seen, heard and appreciated by us as the landlord. When we do this with our tenants, it helps create a better experience for all! The post <a href="http://rentalrookie.com/podcast/tenant-experience" rel="nofollow" target="_blank">Show159: The importance of tenant experience</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show159: The importance of tenant experience

Jacob recently asked, “How do I know I’m buying a good deal?” What is awesome about investing in real estate is that we know before we ever close on a deal and sign the dotted line whether a property is a good deal. The process of buying rental property is in a lot of your control. Which either… A. people love because they like control or B. scares the daylights because they don’t want to be responsible for the make or break of their financial investment. And a big part of this comes down to knowing how to run numbers. Knowing how to determine the return on investment that a property is going to yield you. Knowing how to property find and estimate potential costs on the property. It really comes down to knowing what to look, what questions to ask and how to calculate it.  When it comes to running numbers on properties…this is the part you want to get right! I can’t stress enough the idea that when you invest in rental property the numbers should really make the decision for you.  It’s not an emotional decision. It’s an investment decision. And you need tools to help you ensure that you are looking at the numbers the right way. 1.) Use a Property Analyzer/Calculator When you’re just getting started you’re probably wondering….ok I can find out all of the numbers you mentioned earlier….but what the heck do I do with them? And it’s a valid question.  Most of us aren’t going to sit down and create an elaborate excel spreadsheet that runs the numbers for you. No sweat. There are tons of resources out there can help you run the numbers on properties.  There are free analyzers (grab our analyze here) there are free apps that are mortgage calculators that can give you an idea of what a mortgage would look like so that you don’t have to figure this out on your own. The best thing about these analyzers/calcuators is that you simply input all of the information about the property (list price, taxes, insurance, rent, fees, etc) and it will calculate your return on investment and cash flow… …so that you know right away whether that property meets your return on investment goals. If it does then you can start going down the path of finding out more information and potentially scheduling a showing. If it doesn’t meet your ROI goal then it’s easy to say…no way. ….and keep looking. Not only does having a tool like this make it easier to qualify or disqualify a property for you but it ultimately saves you a lot of time too. 2.) Numbers are Black and White For some this makes them breathe easy… For those who like some gray area, this might be difficult to deal with. But the truth is numbers are not subjective. There is data and information out there that you will find on each and every property that will allow you to run a black and white analysis of a property. This actually is what you used to drive me crazy about math classes. While I was an ok math student, I never really enjoyed the black and white nature of math. As an English teacher, I lived in the gray area. Symbolism and subjectivity lived in my classroom on a day to day basis and my students and I would spend class periods building arguments for the different interpretations of the mockingbird in To Kill a Mockingbird or the ibis bird in the story The Scarlet Ibis. But what I have found is that when it comes to dealing with our money that we have saved and sacrificed for…. I want things to be black and white. I want to know, with much certainty, if I buy this property it will make me a certain amount of money each month and year so long as it is rented. In this niche of investing in rental property, there is subjectivity in some of the decisions. The location, the type of tenant you put in the property, the condition of the property. Those things aren’t so black and white. But when it comes to the numbers…it should be. When you run an analysis on a property and it spits out your projected ROI and cash flow, you’ve got to trust it. You take out the emotion and focus on what the property will make you and whether that reaches your profit goals as an investor. The Hard Truth At the core of investing in rental property, we do it to make money. Yes, that money that we make allows us to reach those personal freedoms, whether it be leaving your job, spending more time with your kids, traveling the world. But in order for us to reach those freedoms, we have to buy the right properties at the right price. And the only way to know that a property is the right price is to do your due diligence in learning the market you plan to invest in. And Know how to run the numbers so that you can get a pretty darn close estimate of what type of return that property should make you. The post Show158: Running numbers on properties to ensure it’s a good deal appeared first on Rental Rookie.

Jacob recently asked, “How do I know I’m buying a good deal?” What is awesome about investing in real estate is that we know before we ever close on a deal and sign the dotted line whether a property is a good deal. The process of buying rental property is in a lot of your control. Which either… A. people love because they like control or B. scares the daylights because they don’t want to be responsible for the make or break of their financial investment. And a big part of this comes down to knowing how to run numbers. Knowing how to determine the return on investment that a property is going to yield you. Knowing how to property find and estimate potential costs on the property. It really comes down to knowing what to look, what questions to ask and how to calculate it. When it comes to running numbers on properties…this is the part you want to get right! I can’t stress enough the idea that when you invest in rental property the numbers should really make the decision for you. It’s not an emotional decision. It’s an investment decision. And you need tools to help you ensure that you are looking at the numbers the right way. 1.) Use a Property Analyzer/Calculator When you’re just getting started you’re probably wondering….ok I can find out all of the numbers you mentioned earlier….but what the heck do I do with them? And it’s a valid question. Most of us aren’t going to sit down and create an elaborate excel spreadsheet that runs the numbers for you. No sweat. There are tons of resources out there can help you run the numbers on properties. There are free analyzers (grab our analyze here) there are free apps that are mortgage calculators that can give you an idea of what a mortgage would look like so that you don’t have to figure this out on your own. The best thing about these analyzers/calcuators is that you simply input all of the information about the property (list price, taxes, insurance, rent, fees, etc) and it will calculate your return on investment and cash flow… …so that you know right away whether that property meets your return on investment goals. If it does then you can start going down the path of finding out more information and potentially scheduling a showing. If it doesn’t meet your ROI goal then it’s easy to say…no way. ….and keep looking. Not only does having a tool like this make it easier to qualify or disqualify a property for you but it ultimately saves you a lot of time too. 2.) Numbers are Black and White For some this makes them breathe easy… For those who like some gray area, this might be difficult to deal with. But the truth is numbers are not subjective. There is data and information out there that you will find on each and every property that will allow you to run a black and white analysis of a property. This actually is what you used to drive me crazy about math classes. While I was an ok math student, I never really enjoyed the black and white nature of math. As an English teacher, I lived in the gray area. Symbolism and subjectivity lived in my classroom on a day to day basis and my students and I would spend class periods building arguments for the different interpretations of the mockingbird in To Kill a Mockingbird or the ibis bird in the story The Scarlet Ibis. But what I have found is that when it comes to dealing with our money that we have saved and sacrificed for…. I want things to be black and white. I want to know, with much certainty, if I buy this property it will make me a certain amount of money each month and year so long as it is rented. In this niche of investing in rental property, there is subjectivity in some of the decisions. The location, the type of tenant you put in the property, the condition of the property. Those things aren’t so black and white. But when it comes to the numbers…it should be. When you run an analysis on a property and it spits out your projected ROI and cash flow, you’ve got to trust it. You take out the emotion and focus on what the property will make you and whether that reaches your profit goals as an investor. The Hard Truth At the core of investing in rental property, we do it to make money. Yes, that money that we make allows us to reach those personal freedoms, whether it be leaving your job, spending more time with your kids, traveling the world. But in order for us to reach those freedoms, we have to buy the right properties at the right price. And the only way to know that a property is the right price is to do your due diligence in learning the market you plan to invest in. And Know how to run the numbers so that you can get a pretty darn close estimate of what type of return that property should make you. The post <a href="http://rentalrookie.com/podcast/buying-investment-property" rel="nofollow" target="_blank">Show158: Running numbers on properties to ensure it’s a good deal</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show158: Running numbers on properties to ensure it’s a good deal

7th Day of Christmas….How do I find good deals? Guess what….I love to travel. IT’s my passion…it’s my jam. So I subscribe to many different email newsletters dedicated to travel. Travelzoo, Sherman’s Travel, Hotel Tonight, you name it I’m on it. And I don’t just let those email go to my junk email address and not read them I know what days those emails come out every week and I look for them in my email inbox week in and week out. WHY? Because I want to see what the deals are this week. Are there any that we want to jump on and schedule for the upcoming year. I once was able to get Kirk and I RT flights to Denver for about $170 per person RT.  I rarely see that go that low…if every anymore. And guess what….the day I saw that deal… I booked the flight. Again Why? Because I knew that it was a good deal because week in and week out I’m watching what trips are going for, what flights are going for.  I monitor the travel sites and emails so I’m ready to jump on the deals when they come up. GUESS WHAT… This is exactly what I do with real estate investing too. Once you take the time to learn your market and complete a market audit where you’ve been watching for listing prices, closed sale prices and rental prices…. …you’ll be able to keep your eye open for emails from your agent or scroll through the Zillow app to see what’s new for sale. And when you see something pop up that seems like a good deal… you’ll be able to jump on it. Without having to spend a few days researching and running numbers. Because you’ve done the work in learning your market you can run a quick less than 5 minute analysis on the deal to see if it’s worth calling about, viewing or even making a quick offer. The same concept I use with travel and booking trips and flights applies here. It’s all about learning your market and keeping a pulse on what’s going on. And I mean a weekly pulse. Not that you did some researching two months ago and knew what it was like and now a few months later you’re trying to determine deals. I’m saying keeping tabs weekly on what is happening.   Watching… Monitoring…. And when you see something come up you’ll be ready to grab that great deal. So when I get asked how or where do I find great deals. I always say well how well do you know market? If you don’t know your market you’re not going to be able to find great deals very quickly The post Show157: How do I find good deals on rental property? appeared first on Rental Rookie.

7th Day of Christmas….How do I find good deals? Guess what….I love to travel. IT’s my passion…it’s my jam. So I subscribe to many different email newsletters dedicated to travel. Travelzoo, Sherman’s Travel, Hotel Tonight, you name it I’m on it. And I don’t just let those email go to my junk email address and not read them I know what days those emails come out every week and I look for them in my email inbox week in and week out. WHY? Because I want to see what the deals are this week. Are there any that we want to jump on and schedule for the upcoming year. I once was able to get Kirk and I RT flights to Denver for about $170 per person RT. I rarely see that go that low…if every anymore. And guess what….the day I saw that deal… I booked the flight. Again Why? Because I knew that it was a good deal because week in and week out I’m watching what trips are going for, what flights are going for. I monitor the travel sites and emails so I’m ready to jump on the deals when they come up. GUESS WHAT… This is exactly what I do with real estate investing too. Once you take the time to learn your market and complete a market audit where you’ve been watching for listing prices, closed sale prices and rental prices…. …you’ll be able to keep your eye open for emails from your agent or scroll through the Zillow app to see what’s new for sale. And when you see something pop up that seems like a good deal… you’ll be able to jump on it. Without having to spend a few days researching and running numbers. Because you’ve done the work in learning your market you can run a quick less than 5 minute analysis on the deal to see if it’s worth calling about, viewing or even making a quick offer. The same concept I use with travel and booking trips and flights applies here. It’s all about learning your market and keeping a pulse on what’s going on. And I mean a weekly pulse. Not that you did some researching two months ago and knew what it was like and now a few months later you’re trying to determine deals. I’m saying keeping tabs weekly on what is happening. Watching… Monitoring…. And when you see something come up you’ll be ready to grab that great deal. So when I get asked how or where do I find great deals. I always say well how well do you know market? If you don’t know your market you’re not going to be able to find great deals very quickly The post <a href="http://rentalrookie.com/podcast/good-deal-on-rental-property" rel="nofollow" target="_blank">Show157: How do I find good deals on rental property?</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show157: How do I find good deals on rental property?

Running a rental market audit is critical to your success as an investor in ensuring that you are investing in an area that you know and can reap benefits from. This one critical component of the entire journey is foundational in ensuring that you find success with investing. Spending time tracking what your rental market is actually doing, meaning what properties are listed for, closing for and renting for. Knowing this information will ensure that you get a good deal! The post Show156: Running a Rental Market Audit appeared first on Rental Rookie.

Running a rental market audit is critical to your success as an investor in ensuring that you are investing in an area that you know and can reap benefits from. This one critical component of the entire journey is foundational in ensuring that you find success with investing. Spending time tracking what your rental market is actually doing, meaning what properties are listed for, closing for and renting for. Knowing this information will ensure that you get a good deal! The post <a href="http://rentalrookie.com/podcast/rental-market" rel="nofollow" target="_blank">Show156: Running a Rental Market Audit</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show156: Running a Rental Market Audit

A guide for the novice real estate investor

Emily, host ofThe Rental Rookie podcast, highlights all aspects of real estate, investing and more in this can’t miss podcast!  The host and expert guests offer insightful advice and information that is helpful to anyone that listens!

Awesome Podcast!!!

If you’re a millennial and you need a pep talk this might be the podcast for you.

Where’s the meat.

The Rental Rookie Podcast

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.   #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞ Investing in rental property definitely has its advantages. But the problem is that there is a lot to learn. Not only do you have to figure out where you want to invest and what types of returns your looking to make on property, you also have to pay attention to things like financing options, taxes, condition of properties, and more. So I would recommend to anyone looking to get started with investing in real estate... ...don't jump in blind. In fact, take time to really get to know the various facets of investing. Because it's your hard earned money that you will be investing. And you want to make sure that you are making a great investment. In this week's episode, Kirk and I cover some hot questions that have been asked recently by members of our community.  We break down each question and share our insights from building our rental portfolio over the last few years. We are on a mission to help regular people, who may have no experience or background in real estate of finance reach financial stability and flexibility through real estate.   In the show we answer these questions:  I'm 51, is it too late for me to get started? Do I have to follow the 1% rule or will I still be ok as long as I cash flow positive? Should I create an LLC or title newly acquired properties in my name initially? How to find deals in a small, competitive market and what are some good markets to invest in outside of my area? and more...  «Grab our trainings, spreadsheets, and videos inside our Pro Community»     Links Mentioned in the Show  RentalRookie Private Facebook Group RentalRookie.com Learn More about our course on Scaling Your Rental Portfolio   The post Show127: The 1% rule, creating an LLC and other tips for investing in rental properties appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> Investing in rental property definitely has its advantages. But the problem is that there is a lot to learn. Not only do you have to figure out where you want to invest and what types of returns your looking to make on property, you also have to pay attention to things like financing options, taxes, condition of properties, and more. So I would recommend to anyone looking to get started with investing in real estate... ...don't jump in blind. In fact, take time to really get to know the various facets of investing. Because it's your hard earned money that you will be investing. And you want to make sure that you are making a great investment. In this week's episode, Kirk and I cover some hot questions that have been asked recently by members of our community.  We break down each question and share our insights from building our rental portfolio over the last few years. We are on a mission to help regular people, who may have no experience or background in real estate of finance reach financial stability and flexibility through real estate. In the show we answer these questions: <ul> <li>I'm 51, is it too late for me to get started?</li> <li>Do I have to follow the 1% rule or will I still be ok as long as I cash flow positive?</li> <li>Should I create an LLC or title newly acquired properties in my name initially?</li> <li>How to find deals in a small, competitive market and what are some good markets to invest in outside of my area?</li> <li>and more...</li> </ul> <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> <li><a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Learn More about our course on Scaling Your Rental Portfolio</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show127" rel="nofollow" target="_blank">Show127: The 1% rule, creating an LLC and other tips for investing in rental properties</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show127: The 1% rule, creating an LLC and other tips for investing in rental properties

Enroll in ZerotoProperty Now before Doors Close  The journey to buying that first rental property is no doubt a bit scary. When you actually commit to stepping out of your comfort zone and seriously tackle the endeavor you can find yourself a bit lost and confused and overwhelmed. While there are a number of things that you need to be aware of and learn about the journey to that first rental property (which we cover in our Rental Property Roadmap) there are foundational pieces of the process that are a bit more critical than others.  I’m not discounting any part of the process here; however, I want to draw your attention to the areas that I have found are the ones where you need to spend extra time understanding so that you can set yourself up for major success. In this LIVE training that I recently hosted I break down those four pillars and talk about how they impact your journey. We talk about #1 MINDSET and how your view and understanding of wealth has been shaped since you were a kid. And how if you associate negative things with money and wealth you are ultimately self-sabotaging yourself from finding it. Wondering why you haven’t bought that property yet…..there’s one answer! Next, we move into talking about #2 Financing because 8 out 10 newbie investors have this as an obstacle they have to overcome to buying that 1st property. So we break down two strategies that are great ways for newbie investors, who don’t have a ton of cash, to use so they can make that a reality.  #3 Understanding Your Market...this is my favorite and to me the most important piece of the puzzle. This is where confidence is built and knowledge is truly mastered. When you know your market you know how to spot good deals which ultimately makes a force in the investing world. Lastly, I touch on #4 Analyzing Deals the next most important piece of the puzzle.  As this is where you know before you ever buy a property whether it will make you money. Sure, there’s loads of repairs and cool upgrades like a solar battery installation that will give you better odds. Ultimately, how you come out the other end of the deal and the property location will be the biggest determining factors most likely. That’s what’s awesome about real estate. You can know before you buy the deal that it will cash flow you so much each month. But you have to know how to run the numbers and what your ROI goal is.  So we cover  A LOT in this training to help you continue kicking over dominos on your journey.#  &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com The post [LIVE Training] Understanding the Foundational Pieces of the Buying Journey appeared first on Rental Rookie.

<a href="RentalRookie.com/zerotoproperty" rel="nofollow" target="_blank">Enroll in ZerotoProperty Now before Doors Close </a> The journey to buying that first rental property is no doubt a bit scary. When you actually commit to stepping out of your comfort zone and seriously tackle the endeavor you can find yourself a bit lost and confused and overwhelmed. While there are a number of things that you need to be aware of and learn about the journey to that first rental property (which we cover in our <a href="http://RentalRookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a>) there are foundational pieces of the process that are a bit more critical than others. I’m not discounting any part of the process here; however, I want to draw your attention to the areas that I have found are the ones where you need to spend extra time understanding so that you can set yourself up for major success. In this LIVE training that I recently hosted I break down those four pillars and talk about how they impact your journey. We talk about #1 MINDSET and how your view and understanding of wealth has been shaped since you were a kid. And how if you associate negative things with money and wealth you are ultimately self-sabotaging yourself from finding it. Wondering why you haven’t bought that property yet…..there’s one answer! Next, we move into talking about #2 Financing because 8 out 10 newbie investors have this as an obstacle they have to overcome to buying that 1st property. So we break down two strategies that are great ways for newbie investors, who don’t have a ton of cash, to use so they can make that a reality. #3 Understanding Your Market...this is my favorite and to me the most important piece of the puzzle. This is where confidence is built and knowledge is truly mastered. When you know your market you know how to spot good deals which ultimately makes a force in the investing world. Lastly, I touch on #4 Analyzing Deals the next most important piece of the puzzle. As this is where you know before you ever buy a property whether it will make you money. Sure, there’s loads of repairs and cool upgrades like a <a href="https://www.solarhelphawaii.com/services" rel="nofollow" target="_blank">solar battery installation</a> that will give you better odds. Ultimately, how you come out the other end of the deal and the property location will be the biggest determining factors most likely. That’s what’s awesome about real estate. You can know before you buy the deal that it will cash flow you so much each month. But you have to know how to run the numbers and what your ROI goal is. So we cover A LOT in this training to help you continue kicking over dominos on your journey. # <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/journey" rel="nofollow" target="_blank">[LIVE Training] Understanding the Foundational Pieces of the Buying Journey</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

[LIVE Training] Understanding the Foundational Pieces of the Buying Journey

We’ve had a ton of really great questions asked about the investing process recently. The reality is when there are great questions there are often others who have the same one. In this podcast episode, we break down some of our most recently asked questions from our RentalRookie Community Members. Real Estate Investing Tips Some of the questions we answer in the show are: What are some of common mistakes for newbies? It’s easy to make a lot of mistakes when you’re just getting started but we share 2 of the biggest ones: not verifying and running numbers correctly and not having and keeping reserves. Should I do a refinance or a HELOC? This really depends your situation and what sort of equity you have in your current property and also what the rate is.  We break down why in some cases one may be better than the other. When looking to invest in real estate, you might want to read this post about how Innisfil real estate is currently undergoing rapid growth. How to understand if the rent will cover the mortgage and expenses? This really comes down to knowing what numbers you need to have in order to run a proper property analysis.  In most cases, you should be able to have true numbers and know exactly whether the property’s rent will cover your expense/mortgage and cash flow BEFORE you buy the property. You might want to get help from Bonnie Buys Houses Fast – sell house for cash Colorado Springs to make sure your property issues are handled. You can also sell your home or real estate property under any situation and without stress, just check out this sell house cash ASAP reviews for great help! These are juts a few of the questions we unpack on this episode.  Tune in to hear more answers to common investing questions. &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com The post Show139: HELOC vs. Refinance , Common Mistakes for Newbies and Other Real Estate Investing Tips appeared first on Rental Rookie.

We’ve had a ton of really great questions asked about the investing process recently. The reality is when there are great questions there are often others who have the same one. In this podcast episode, we break down some of our most recently asked questions from our RentalRookie Community Members. Real Estate Investing Tips Some of the questions we answer in the show are: What are some of common mistakes for newbies? It’s easy to make a lot of mistakes when you’re just getting started but we share 2 of the biggest ones: not verifying and running numbers correctly and not having and keeping reserves. Should I do a refinance or a HELOC? This really depends your situation and what sort of equity you have in your current property and also what the rate is. We break down why in some cases one may be better than the other. When looking to invest in real estate, you might want to read this post about how <a href="https://www.best-innisfil-real-estate.ca/" rel="nofollow" target="_blank">Innisfil real estate is currently undergoing rapid growth</a>. How to understand if the rent will cover the mortgage and expenses? This really comes down to knowing what numbers you need to have in order to run a proper property analysis. In most cases, you should be able to have true numbers and know exactly whether the property’s rent will cover your expense/mortgage and cash flow BEFORE you buy the property. You might want to get help from <a href="https://www.bonniebuyshousesfast.com/" rel="nofollow" target="_blank">Bonnie Buys Houses Fast – sell house for cash Colorado Springs</a> to make sure your property issues are handled. You can also sell your home or real estate property under any situation and without stress, just check out this <a href="https://www.asapcashoffer.com/" rel="nofollow" target="_blank">sell house cash ASAP</a> reviews for great help! These are juts a few of the questions we unpack on this episode. Tune in to hear more answers to common investing questions. <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/real-estate-investing-tips" rel="nofollow" target="_blank">Show139: HELOC vs. Refinance , Common Mistakes for Newbies and Other Real Estate Investing Tips</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show139: HELOC vs. Refinance , Common Mistakes for Newbies and Other Real Estate Investing Tips

Grab your Seat for the LIVE Training When you’re just getting started with investing in real estate everyone goes through a period in their journey where they don’t know where or how to start. And let’s be honest…in today’s society many of us want to know the answer now. We hate having to go down the road of figuring it out and mostly because time is the thing that we all seem to never have enough of. So for years of working with brand new investors we’ve answered the most frequently asked question when it comes to starting the journey to that first investment property, if you would like to check all the options available, we recommend you to use this property investor app to simplify your search. When you are buying property, you also need to find an accomplished real estate agent as that will make a huge contribution to your success. We us the ones who are easily the best Bristol letting agents so have a look into those if you are in that area. Where do I start? We’ve put together this roadmap that has been used and refined over the last 6 years in our investing journey to show where to start AND how to get to that first property.  Before you invest in a property, make sure it undergoes Property Condition Assessment.  #1 Personal Financial Audit In order to move forward in this journey you have to know where you are now. You have to get your financial house in order, so to speak, and truly take stock of what your financial picture really looks like.  Taking time to determine a budget to ensure that this long term investment will work for you is critical. Melbourne Property Valuers Metro can provide you with exceptional customer service for a range of valuation reports, read here for more details. #2 Goals &amp; Overcoming Fears You have to give yourself a path to follow.  It’s easy to get distracted and chase the shiny object but if you can determine your why and set goals to keep you on track your journey will be much smoother. Thinking about the type of property you’ll pursue, buy luxury homes or those Luxury Log Houses For Sale that you can turn into vacation rentals, pet friendly apartments for rent, single family homes for sale, commercial properties, ranches for sale, etc., these properties will help you stay the course. You can check out  Lowcountry Real Estate’s offering to get an idea.   will help you stay the course. You can check out  Lowcountry Real Estate’s offering to get an idea.  #3 Financing Once you’ve determined your financial picture, it’s time to actually figure out what you can afford. A lender will help you determine what kind of monthly mortgage payment and interest rates you could afford given what you earn and what type of property you own now. Also, they will be able to get you pre-approved so that you can take action quickly when you find a rental property that is a great deal!  #4 Learning the Market This is HUGE.  Once you’ve figured out how much you can spend, now you have to figure out where to buy property.  I stress this step so much because I truly believe you have to take time really researching and understanding the community/town/city you want to invest in.  What does this mean? Learn about the industries, employment rates, entertainment, population growth, good and bad parts of town.  What do the property taxes look like in the area and how does that affect your budget.  Learning what properties sell for, list for and rent for will all help you become a better investor and know when a good deal comes up. #5 Running an Analysis This is the next huge part of the roadmap.  You’ve got to learn what types of numbers to look and for and how to take those numbers and run an analysis so you can see what kind of cash flow this property  will earn you.  We get into buying rental property to earn a return and the cool thing about investment properties is that you can generally know what you can make before you ever even buy it.  So knowing how to calculate the rental income a property will generate is critical to you not setting yourself up for failure, uk property investment can guide you on this if you do not how to make it. By spending time in the previous step and learning your market and what kind of monthly rents you can actually earn, talking with real estate agents to get even more in depth understanding of an area married with running an analysis is the cornerstone of finding success.  #6 Due Diligence Once you’ve figured out where to buy and whether the property makes financial sense, now it’s time to really dig deep into the deal to make sure the property itself fits the other pieces of the puzzle.  This is where you are looking at the quality of the property (cap ex) and getting verified information from the current property owner about current rental amounts, leases, utilities etc.  A true and verified idea of the operating expenses will be huge in this part.  And because they are selling the property they obviously want rid of it for a reason.  But ask for documents to verify all of the information they are giving you. #7 Offers &amp; Closing You’ve got to figure out how to put together competitive offers together so that you put yourself in the best position possible to getting the deal.  There are definitely things you can do when putting the offer together to allow yourself to give a bit in the negotiations so that you are working with the sellers to get the best deal.  We deep dive into this in our course.  A real estate closing attorney can help in preparing and reviewing all documents involved in the sale or purchase of a home.   &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com The post Show148: The Roadmap to Buying Your First Investment Property appeared first on Rental Rookie.

<a href="https://emily1bc0bb.clickfunnels.com/webinar-registration32625084" rel="nofollow" target="_blank">Grab your Seat for the LIVE Training</a> When you’re just getting started with investing in real estate everyone goes through a period in their journey where they don’t know where or how to start. And let’s be honest…in today’s society many of us want to know the answer now. We hate having to go down the road of figuring it out and mostly because time is the thing that we all seem to never have enough of. So for years of working with brand new investors we’ve answered the most frequently asked question when it comes to starting the journey to that first investment property, if you would like to check all the options available, we recommend you to use this <a href="http://rentchief.co.uk" rel="nofollow" target="_blank">property investor app</a> to simplify your search. When you are buying property, you also need to find an accomplished <a href="https://www.stonecreekrealtyfl.com/" rel="nofollow" target="_blank">real estate agent</a> as that will make a huge contribution to your success. We us the ones who are easily <a href="https://www.thelettinggame.co.uk/" rel="nofollow" target="_blank">the best Bristol letting agents</a> so have a look into those if you are in that area. Where do I start? We’ve put together this roadmap that has been used and refined over the last 6 years in our investing journey to show where to start AND how to get to that first property. Before you invest in a property, make sure it undergoes <a href="https://www.pcallc.com/about/" rel="nofollow" target="_blank">Property Condition Assessment</a>. <h4>#1 Personal Financial Audit</h4> In order to move forward in this journey you have to know where you are now. You have to get your financial house in order, so to speak, and truly take stock of what your financial picture really looks like. Taking time to determine a budget to ensure that this long term investment will work for you is critical. Melbourne Property Valuers Metro can provide you with exceptional customer service for a range of valuation reports, <a href="https://www.melbournevaluers.net.au/residential-property-valuers/" rel="nofollow" target="_blank">read here</a> for more details. <h4>#2 Goals &amp; Overcoming Fears</h4> You have to give yourself a path to follow. It’s easy to get distracted and chase the shiny object but if you can determine your why and set goals to keep you on track your journey will be much smoother. Thinking about the type of property you’ll pursue, buy luxury homes or those <a href="https://www.whythesmokies.com/luxury-log-homes-for-sale-in-pigeon-forge-tn" rel="nofollow" target="_blank">Luxury Log Houses For Sale</a> that you can turn into vacation rentals, <a href="https://www.ariazionsville.com/" rel="nofollow" target="_blank">pet friendly apartments for rent</a>, <a href="https://www.dougandpj.com/featured-searches/the-woods/" rel="nofollow" target="_blank">single family homes for sale</a>, commercial properties, <a href="https://www.pagosarealestate.com/pagosa-springs/#/-921529257" rel="nofollow" target="_blank">ranches for sale</a>, etc., these properties will help you stay the course. You can check out <a href="http://www.lowcountryrealestate.com/property-search.html/" rel="nofollow" target="_blank">Lowcountry Real Estate’s offering</a> to get an idea. will help you stay the course. You can check out <a href="http://www.lowcountryrealestate.com/property-search.html/" rel="nofollow" target="_blank">Lowcountry Real Estate’s offering</a> to get an idea. <h4>#3 Financing</h4> Once you’ve determined your financial picture, it’s time to actually figure out what you can afford. A lender will help you determine what kind of monthly mortgage payment and interest rates you could afford given what you earn and what type of property you own now. Also, they will be able to get you pre-approved so that you can take action quickly when you find a rental property that is a great deal! <h4>#4 Learning the Market</h4> This is HUGE. Once you’ve figured out how much you can spend, now you have to figure out where to buy property. I stress this step so much because I truly believe you have to take time really researching and understanding the community/town/city you want to invest in. What does this mean? Learn about the industries, employment rates, entertainment, population growth, good and bad parts of town. What do the property taxes look like in the area and how does that affect your budget. Learning what properties sell for, list for and rent for will all help you become a better investor and know when a good deal comes up. <h4>#5 Running an Analysis</h4> This is the next huge part of the roadmap. You’ve got to learn what types of numbers to look and for and how to take those numbers and run an analysis so you can see what kind of cash flow this property will earn you. We get into buying rental property to earn a return and the cool thing about investment properties is that you can generally know what you can make before you ever even buy it. So knowing how to calculate the rental income a property will generate is critical to you not setting yourself up for failure, <a href="http://prosperity-wealth.co.uk" rel="nofollow" target="_blank">uk property investment</a> can guide you on this if you do not how to make it. By spending time in the previous step and learning your market and what kind of monthly rents you can actually earn, talking with real estate agents to get even more in depth understanding of an area married with running an analysis is the cornerstone of finding success. <h4>#6 Due Diligence</h4> Once you’ve figured out where to buy and whether the property makes financial sense, now it’s time to really dig deep into the deal to make sure the property itself fits the other pieces of the puzzle. This is where you are looking at the quality of the property (cap ex) and getting verified information from the current property owner about current rental amounts, leases, utilities etc. A true and verified idea of the operating expenses will be huge in this part. And because they are selling the property they obviously want rid of it for a reason. But ask for documents to verify all of the information they are giving you. <h4>#7 Offers &amp; Closing</h4> You’ve got to figure out how to put together competitive offers together so that you put yourself in the best position possible to getting the deal. There are definitely things you can do when putting the offer together to allow yourself to give a bit in the negotiations so that you are working with the sellers to get the best deal. We deep dive into this in our course. A <a href="http://www.morgantonlaw.com/real-estate" rel="nofollow" target="_blank">real estate closing attorney</a> can help in preparing and reviewing all documents involved in the sale or purchase of a home. <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/investment-property" rel="nofollow" target="_blank">Show148: The Roadmap to Buying Your First Investment Property</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show148: The Roadmap to Buying Your First Investment Property

This is a can’t miss episode if you’ve been wanting to invest in rentals but are a newbie and are nervous about taking the plunge. Grant and Sheila were right there with you in wanting to make this a reality but facing many of the fears that we all face when we are getting started. Not to mention they have 3 daughters, run a business and Sheila homeschools the children. So they are busy! But they didn’t let that stop them in their goal of pursuing and buying rental property. Their story is one that is so inspiring especially because they took quite a U-turn from where they actually thought they were going to buy and the type of property they were going to buy. They started going down one road and were open to trying another type of property and area that aligned more with their expectations of what they wanted out of investing. Tune in to this week’s show to get inspired, find direction and learn about an area of investing that we haven’t talked that much about here on the podcast (short term rentals) If you want to check out Grant and Sheila’s gorgeous Nashville Rental click here to check it out!  &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com The post Show138: Finding the Right First Deal with Newbie Investors Grant &amp; Sheila appeared first on Rental Rookie.

This is a can’t miss episode if you’ve been wanting to invest in rentals but are a newbie and are nervous about taking the plunge. Grant and Sheila were right there with you in wanting to make this a reality but facing many of the fears that we all face when we are getting started. Not to mention they have 3 daughters, run a business and Sheila homeschools the children. So they are busy! But they didn’t let that stop them in their goal of pursuing and buying rental property. Their story is one that is so inspiring especially because they took quite a U-turn from where they actually thought they were going to buy and the type of property they were going to buy. They started going down one road and were open to trying another type of property and area that aligned more with their expectations of what they wanted out of investing. Tune in to this week’s show to get inspired, find direction and learn about an area of investing that we haven’t talked that much about here on the podcast (short term rentals) If you want to check out Grant and Sheila’s gorgeous Nashville Rental <a href="https://www.airbnb.com/rooms/34674330?guests=1&amp;adults=1&amp;sl_alternate_dates_exclusion=true&amp;source_impression_id=p3_1558634674_Q1CdmjD7Tdhj6YQ3" rel="nofollow" target="_blank">click here to check it out! </a> <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/first-deal" rel="nofollow" target="_blank">Show138: Finding the Right First Deal with Newbie Investors Grant &amp; Sheila</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show138: Finding the Right First Deal with Newbie Investors Grant & Sheila

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.   #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞ As we move forward and look ahead in setting our goals for 2019, we can't help but take some to reflect on the year prior. If you've been in our community long enough you know Kirk and I love the beginning of a new year and goal setting for what big things we want to accomplish in the new year. In the past on the show we've always had a show at the beginning of the year that broke down our goals for the new year. However, this year we decided to share with you the actual numbers behind our rental portfolio. Yes, what we actually made in profits from our rentals.   &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Not only do we give you the number we made last year, but we break down our properties and talk about which ones were the winners and losers. And in spending some time looking at the spreadsheets and numbers from last year, it's allowed us to realign our thinking for what we may want to go after this year in our investing. It's easy to briefly look at the profits and losses from the year before and gloss over what actually goes on in your investing business. However, taking time to really look at what your properties are doing for you and it may make sense to shift your focus can only help you grow your portfolio the smart way. Tune in to hear our candid conversation about 2018 and what we plan to focus on in the new year. «Grab our trainings, spreadsheets, and videos inside our Pro Community»     Links Mentioned in the Show  RentalRookie Private Facebook Group RentalRookie.com   The post Show131: How Our Rental Income Replaced my Salary as a Teacher appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> As we move forward and look ahead in setting our goals for 2019, we can't help but take some to reflect on the year prior. If you've been in our community long enough you know Kirk and I love the beginning of a new year and goal setting for what big things we want to accomplish in the new year. In the past on the show we've always had a show at the beginning of the year that broke down our goals for the new year. However, this year we decided to share with you the actual numbers behind our rental portfolio. Yes, what we actually made in profits from our rentals. <blockquote><a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a></blockquote> Not only do we give you the number we made last year, but we break down our properties and talk about which ones were the winners and losers. And in spending some time looking at the spreadsheets and numbers from last year, it's allowed us to realign our thinking for what we may want to go after this year in our investing. It's easy to briefly look at the profits and losses from the year before and gloss over what actually goes on in your investing business. However, taking time to really look at what your properties are doing for you and it may make sense to shift your focus can only help you grow your portfolio the smart way. Tune in to hear our candid conversation about 2018 and what we plan to focus on in the new year. <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show131-how-our-rental-income-replaced-my-salary-as-a-teacher" rel="nofollow" target="_blank">Show131: How Our Rental Income Replaced my Salary as a Teacher</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show131: How Our Rental Income Replaced my Salary as a Teacher

Looking to get in on the conversation?  Join our Private Facebook Group and start networking with other investors just like you…. #btn_1_10373d85beafffc8a11117e96efac2a5 .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_10373d85beafffc8a11117e96efac2a5 {padding:19px 26px;border-color:#003399;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#003399;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #003399), color-stop(100%, #003399));background:-webkit-linear-gradient(top, #003399 0%, #003399 100%);background:-moz-linear-gradient(top, #003399 0%, #003399 100%);background:-ms-linear-gradient(top, #003399 0%, #003399 100%);background:-o-linear-gradient(top, #003399 0%, #003399 100%);background:linear-gradient(to bottom, #003399 0%, #003399 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#003399, endColorstr=#003399, GradientType=0);box-shadow:none;}#btn_1_10373d85beafffc8a11117e96efac2a5 .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Join our Facebook Group &gt;&gt;  Don't Go Broke With Rentals  Whether many of us want to admit it or not....deep down we all worry about making a bad deal and going broke, so to speak, when we actually start investing in rental properties like apartments. Truth be told, I think this is a feeling most people feel when they invest their money into anything albeit stocks, bonds, cryptocurrencies, real estate, etc. We all hold that money that we worked so hard to earn near and dear to our heart and the last thing we want to do is make a bad investment. I know this was my fear when we got started. Recently, we had a new member join our Private Facebook Group who asked this exact question..."how do I continue to buy property without going broke." This is definitely a pain point for many in our community as I get asked about moving past that first property so many times by members.  We work hard to save to buy that first property and we finally get over the hump of making the big purchase... ...and then we realize we want to do it again.....and also realize we have to save a boat load of money again to make that work. Not necessarily. You can continue to grow in a smart manner and that's what we share on the show today. &lt;&gt;  In the show we discuss: =&gt;the importance of having cash on hand =&gt;buy properties that make money from the start =&gt;being prepared for capital expenditures =&gt; and more...   Links Mentioned in the Show  RentalRookie Private Facebook Group RentalRookie.com   The post Show118: How to Buy Rental Property Without Going Broke appeared first on Rental Rookie.

<h4>Looking to get in on the conversation?  Join our Private Facebook Group and start networking with other investors just like you….</h4> #btn_1_10373d85beafffc8a11117e96efac2a5 .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_10373d85beafffc8a11117e96efac2a5 {padding:19px 26px;border-color:#003399;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#003399;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #003399), color-stop(100%, #003399));background:-webkit-linear-gradient(top, #003399 0%, #003399 100%);background:-moz-linear-gradient(top, #003399 0%, #003399 100%);background:-ms-linear-gradient(top, #003399 0%, #003399 100%);background:-o-linear-gradient(top, #003399 0%, #003399 100%);background:linear-gradient(to bottom, #003399 0%, #003399 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#003399, endColorstr=#003399, GradientType=0);box-shadow:none;}#btn_1_10373d85beafffc8a11117e96efac2a5 .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="rentalrookie.com/facebook" rel="nofollow" target="_blank">Join our Facebook Group &gt;&gt;</a> <h2>Don't Go Broke With Rentals</h2> Whether many of us want to admit it or not....deep down we all worry about making a bad deal and going broke, so to speak, when we actually start investing in rental properties like <a href="https://crossroadswestside.com/" rel="nofollow" target="_blank">apartments</a>. Truth be told, I think this is a feeling most people feel when they invest their money into anything albeit stocks, bonds, cryptocurrencies, real estate, etc. We all hold that money that we worked so hard to earn near and dear to our heart and the last thing we want to do is make a bad investment. I know this was my fear when we got started. Recently, we had a new member join our Private Facebook Group who asked this exact question..."how do I continue to buy property without going broke." This is definitely a pain point for many in our community as I get asked about moving past that first property so many times by members.  We work hard to save to buy that first property and we finally get over the hump of making the big purchase... ...and then we realize we want to do it again.....and also realize we have to save a boat load of money again to make that work. Not necessarily. You can continue to grow in a smart manner and that's what we share on the show today. <h4><a href="http://rentalrookie.com/propertyanalyzerlm4" rel="nofollow" target="_blank">&lt;&gt;</a></h4>  In the show we discuss: =&gt;the importance of having cash on hand =&gt;buy properties that make money from the start =&gt;being prepared for capital expenditures =&gt; and more... <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show118" rel="nofollow" target="_blank">Show118: How to Buy Rental Property Without Going Broke</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show118: How to Buy Rental Property Without Going Broke

When you’re just getting started with investing in real estate it’s easy to get caught up in the overwhelm of everything there is to know. You are learning everything on the fly and trying to put it into practice and it’s easy to let things slip through the cracks. We see it happen with new investors all of the time and admittedly we have fallen victim to some of these too. Marc Anthony Estates put together 7 mistakes that are often made by newbie (and even seasoned investors) to help save you from yourself! #1 Not asking for verification of numbers Be invasive.  This is your hard earned money that you’ve saved and plan to invest to help build your short and long term wealth. #2 Underestimating maintenance costs You want to account for this when you are running the numbers before you buy property. Things like maintenance and upkeep, perhaps putting down laminate flooring to really renovate the look of the house and make it more modern, and dividing rooms to fit your needs should all be  considered well before making a decision. Those costs will eat into your net cash flow and actually make your return less than expected, specially if not properly accounted for. #3 Starting the eviction process too late So even though you may want to give people multiple chances… …remember that this is business and this is your money. Follow your lease when it comes to starting the eviction process. #4 Not screening tenants thoroughly So my advice to you is take the time to really vet out your potential tenants. Make the phone calls, pull the credit, do the background check. Because ultimately you want to get the best potential tenant living in your investment. The person who is going to take care of it like it’s their own and respect it and you. #5 Not treating your venture as a business A huge mistake that rental investors make is viewing this as a hobby and not as a business. Even with just one property you need to begin to realize that it is a business and you are buying it to make money. #6 Overestimating potential rents So when you are running numbers on potential deals be sure to take time to research what properties are actually renting for where you are investing. Click here to learn more about rent to own properties. Don’t guess….do the due diligence. While it may seem annoying in the beginning it’s only going to ensure you make a good investment. #7 Underestimating the importance of cash You don’t want to put everything you’ve saved into your investment and be left with barely anything in reserves. First, if you are using financing the bank will required at least 6 months of reserves…but even still I would recommend having even more than that available. So tune in to hear us deep dive into each of these topics to save yourself from making these same mistakes! &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com The post 147: Avoid these 7 common real estate investing mistakes appeared first on Rental Rookie.

When you’re just getting started with investing in real estate it’s easy to get caught up in the overwhelm of everything there is to know. You are learning everything on the fly and trying to put it into practice and it’s easy to let things slip through the cracks. We see it happen with new investors all of the time and admittedly we have fallen victim to some of these too. <a href="https://bluex.im/index.php/directory/users/m/sort_by/created?page=10" rel="nofollow" target="_blank">Marc Anthony Estates</a> put together 7 mistakes that are often made by newbie (and even seasoned investors) to help save you from yourself! <h4>#1 Not asking for verification of numbers</h4> Be invasive.  This is your hard earned money that you’ve saved and plan to invest to help build your short and long term wealth. <h4>#2 Underestimating maintenance costs</h4> You want to account for this when you are running the numbers before you buy property. Things like maintenance and upkeep, perhaps putting down <a href="https://www.bigbobsoutlet.com/" rel="nofollow" target="_blank">laminate flooring</a> to really renovate the look of the house and make it more modern, and dividing rooms to fit your needs should all be considered well before making a decision. Those costs will eat into your net cash flow and actually make your return less than expected, specially if not properly accounted for. <h4>#3 Starting the eviction process too late</h4> So even though you may want to give people multiple chances… …remember that this is business and this is your money. Follow your lease when it comes to starting the eviction process. <h4>#4 Not screening tenants thoroughly</h4> So my advice to you is take the time to really vet out your potential tenants. Make the phone calls, pull the credit, do the background check. Because ultimately you want to get the best potential tenant living in your investment. The person who is going to take care of it like it’s their own and respect it and you. <h4>#5 Not treating your venture as a business</h4> A huge mistake that rental investors make is viewing this as a hobby and not as a business. Even with just one property you need to begin to realize that it is a business and you are buying it to make money. <h4>#6 Overestimating potential rents</h4> So when you are running numbers on potential deals be sure to take time to research what properties are actually renting for where you are investing. <a href="https://optionachat.com" rel="nofollow" target="_blank">Click here</a> to learn more about rent to own properties. Don’t guess….do the due diligence. While it may seem annoying in the beginning it’s only going to ensure you make a good investment. <h4>#7 Underestimating the importance of cash</h4> You don’t want to put everything you’ve saved into your investment and be left with barely anything in reserves. First, if you are using financing the bank will required at least 6 months of reserves…but even still I would recommend having even more than that available. So tune in to hear us deep dive into each of these topics to save yourself from making these same mistakes! <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/investing-mistakes" rel="nofollow" target="_blank">147: Avoid these 7 common real estate investing mistakes</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

147: Avoid these 7 common real estate investing mistakes

It’s the 3rd Day of Christmas!  This is always one of the top issues. I hear it time and time again from my community of rookies.. “How do I finance my 1st property”  What sucks about investing in rental property is that there is most definitely a high barrier to entry… 20% is a lot of money. IF you plan to buy a rental property using a conventional loan and not living in the property you can expect to have to put down 20% So in real numbers… …we’re looking at  $20,000 on the purchase of a $100,000 property. That’s a lot of money And is often one of the bigger challenges and obstacles that newbie investors have to overcome. Where do I get the money? If you’re anything like Kirk and I we had to save our money like crazy.  We got married in 2010 (put our finances together while we were engaged in 2009) and bought our 1st rental property in 2012. And did I mention we used most of the money we had saved at this point in our lives to buy it. That’s scary stuff. But two things here… It took us time to save to buy that 1st property.  In fact, from June 2009 when we combined our finances to August 2012 when we closed on the first rental. Granted, we weren’t specifically saving that whole time for the intention of buying a rental (while Kirk maybe…but me no) but we were saving like crazy to do something with it. So that took us over 3 years.     2. Even though it was a lot of our money we still did it. Yes, we were newly married, young ( I mean we were 23 years old) and had no kids. So we could have survived if something bad happened. But we still took the leap. We had faith in the numbers we ran over and over again and the fact that we were committed to this thing working. And so we did it. Even with me knowing nothing (thank God for Kirk and his finance brain) So if financing is the issue for you…. …the mountain that is standing between you and your first rental  Here are some tips: 1. House hack your rental so you can put less money down.  Using an FHA loan and living in the property first allows you to put as little as 3.5% down.   Remember that $20,000 down payment I mentioned earlier? Using this strategy now makes that a down payment of $3,500. That’s much more manageable for someone facing the money mountain obstacles. 2. Partner Up Find someone else who has similar goals and interests as you with investing in rental property and put your money together to buy the first deal. Just because you buy one together doesn’t mean you have to buy all  of the rest of them together. You might be wondering….”Emily, I don’t know anyone who is interested in doing this” Have you asked? Have you told people that you are interested in investing in rentals? My guess for most of us is NO. We tend to not talk about the things that make us vulnerable. Start talking about it. My guess is you’ll be surprised who you find that is also interested in reaching financial independence. 3 Be Patient and save the money I know this one isn’t sexy or fancy. But for crying out loud….get a budget, set some savings goals and just start putting your head down and doing the work. Saving isn’t always easy. Especially if you’re a spender. But the things you’re wastefully spending your money on now…are they getting you any closer to your financial goals? Is Netflix and magazine subscriptions and eating out 5 times per week getting you any closer?? No. So make some sacrifices, commit to yourself and your goals and save the money. Remember investing in rental property is a marathon not a sprint. Keep in mind…saving for the 1st one is the longest and hardest. Each time it gets a bit easier. All in all….instead of standing and staring at the money mountain standing in your way of your goals…. …start climbing the dang thing so you can reach the top and buy that 1st property. The post Show153: Financing My First Property appeared first on Rental Rookie.

It’s the 3rd Day of Christmas! This is always one of the top issues. I hear it time and time again from my community of rookies.. “How do I finance my 1st property” What sucks about investing in rental property is that there is most definitely a high barrier to entry… 20% is a lot of money. IF you plan to buy a rental property using a conventional loan and not living in the property you can expect to have to put down 20% So in real numbers… …we’re looking at $20,000 on the purchase of a $100,000 property. That’s a lot of money And is often one of the bigger challenges and obstacles that newbie investors have to overcome. Where do I get the money? If you’re anything like Kirk and I we had to save our money like crazy. We got married in 2010 (put our finances together while we were engaged in 2009) and bought our 1st rental property in 2012. And did I mention we used most of the money we had saved at this point in our lives to buy it. That’s scary stuff. But two things here… <ol><li>It took us time to save to buy that 1st property. In fact, from June 2009 when we combined our finances to August 2012 when we closed on the first rental.</li></ol> Granted, we weren’t specifically saving that whole time for the intention of buying a rental (while Kirk maybe…but me no) but we were saving like crazy to do something with it. So that took us over 3 years. 2. Even though it was a lot of our money we still did it. Yes, we were newly married, young ( I mean we were 23 years old) and had no kids. So we could have survived if something bad happened. But we still took the leap. We had faith in the numbers we ran over and over again and the fact that we were committed to this thing working. And so we did it. Even with me knowing nothing (thank God for Kirk and his finance brain) So if financing is the issue for you…. …the mountain that is standing between you and your first rental Here are some tips: <h4>1. House hack your rental so you can put less money down. </h4> Using an FHA loan and living in the property first allows you to put as little as 3.5% down. Remember that $20,000 down payment I mentioned earlier? Using this strategy now makes that a down payment of $3,500. That’s much more manageable for someone facing the money mountain obstacles. <h4>2. Partner Up</h4> Find someone else who has similar goals and interests as you with investing in rental property and put your money together to buy the first deal. Just because you buy one together doesn’t mean you have to buy all of the rest of them together. You might be wondering….”Emily, I don’t know anyone who is interested in doing this” Have you asked? Have you told people that you are interested in investing in rentals? My guess for most of us is NO. We tend to not talk about the things that make us vulnerable. Start talking about it. My guess is you’ll be surprised who you find that is also interested in reaching financial independence. <h4>3 Be Patient and save the money</h4> I know this one isn’t sexy or fancy. But for crying out loud….get a budget, set some savings goals and just start putting your head down and doing the work. Saving isn’t always easy. Especially if you’re a spender. But the things you’re wastefully spending your money on now…are they getting you any closer to your financial goals? Is Netflix and magazine subscriptions and eating out 5 times per week getting you any closer?? No. So make some sacrifices, commit to yourself and your goals and save the money. Remember investing in rental property is a marathon not a sprint. Keep in mind…saving for the 1st one is the longest and hardest. Each time it gets a bit easier. All in all….instead of standing and staring at the money mountain standing in your way of your goals…. …start climbing the dang thing so you can reach the top and buy that 1st property. The post <a href="http://rentalrookie.com/podcast/first-property" rel="nofollow" target="_blank">Show153: Financing My First Property</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show153: Financing My First Property

Looking to get in on the conversation?  Join our Private Facebook Group and start networking with other investors just like you….   #btn_1_10373d85beafffc8a11117e96efac2a5 .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_10373d85beafffc8a11117e96efac2a5 {padding:19px 26px;border-color:#003399;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#003399;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #003399), color-stop(100%, #003399));background:-webkit-linear-gradient(top, #003399 0%, #003399 100%);background:-moz-linear-gradient(top, #003399 0%, #003399 100%);background:-ms-linear-gradient(top, #003399 0%, #003399 100%);background:-o-linear-gradient(top, #003399 0%, #003399 100%);background:linear-gradient(to bottom, #003399 0%, #003399 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#003399, endColorstr=#003399, GradientType=0);box-shadow:none;}#btn_1_10373d85beafffc8a11117e96efac2a5 .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Join our Facebook Group &gt;&gt;      Rural vs. City  Yes...yes...yes... I LOVE this question. Call me crazy but this question brings to light one of the things I get most excited about when it comes to investing in rentals....knowing your markets. While there are so many of you out there who wonder this question and think about specifically when you hit the roadblock of not being able to afford to buy in your area. I hear this from people in San Francisco, NYC and even the DC area. True story...this exact problem happened to us when we bought our first rental. WE couldn't afford to buy a true rental property where we lived...so instead of giving up... ....we started looking in neighboring towns and communites. So if you've been asking yourself this question and wondering whether you should invest in your small town that you live in or the big city that you romp around in... ...it's a bit deeper than a simple black and white answer. In the show we talk about the things that you should be considering and weighing in your decision of where you should invest. Most importantly, it all comes back to numbers. &lt;&gt;    In the show we discuss: =&gt;why you have to know your market =&gt;the importance of knowing your numbers =&gt;what you should be learning about in your potential communities =&gt; and more...   Links Mentioned in the Show  RentalRookie Private Facebook Group RentalRookie.com   The post Show117: Should I invest in rural communities or big cities? appeared first on Rental Rookie.

<h4>Looking to get in on the conversation?  Join our Private Facebook Group and start networking with other investors just like you….</h4> #btn_1_10373d85beafffc8a11117e96efac2a5 .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_10373d85beafffc8a11117e96efac2a5 {padding:19px 26px;border-color:#003399;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#003399;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #003399), color-stop(100%, #003399));background:-webkit-linear-gradient(top, #003399 0%, #003399 100%);background:-moz-linear-gradient(top, #003399 0%, #003399 100%);background:-ms-linear-gradient(top, #003399 0%, #003399 100%);background:-o-linear-gradient(top, #003399 0%, #003399 100%);background:linear-gradient(to bottom, #003399 0%, #003399 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#003399, endColorstr=#003399, GradientType=0);box-shadow:none;}#btn_1_10373d85beafffc8a11117e96efac2a5 .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="rentalrookie.com/facebook" rel="nofollow" target="_blank">Join our Facebook Group &gt;&gt;</a> <h2>Rural vs. City</h2> Yes...yes...yes... I LOVE this question. Call me crazy but this question brings to light one of the things I get most excited about when it comes to investing in rentals....knowing your markets. While there are so many of you out there who wonder this question and think about specifically when you hit the roadblock of not being able to afford to buy in your area. I hear this from people in San Francisco, NYC and even the DC area. True story...this exact problem happened to us when we bought our first rental. WE couldn't afford to buy a true rental property where we lived...so instead of giving up... ....we started looking in neighboring towns and communites. So if you've been asking yourself this question and wondering whether you should invest in your small town that you live in or the big city that you romp around in... ...it's a bit deeper than a simple black and white answer. In the show we talk about the things that you should be considering and weighing in your decision of where you should invest. Most importantly, it all comes back to numbers. <h4><a href="http://rentalrookie.com/findingpropertycrashcourse" rel="nofollow" target="_blank">&lt;&gt;</a></h4>  In the show we discuss: =&gt;why you have to know your market =&gt;the importance of knowing your numbers =&gt;what you should be learning about in your potential communities =&gt; and more... <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show117" rel="nofollow" target="_blank">Show117: Should I invest in rural communities or big cities?</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show117: Should I invest in rural communities or big cities?

I get this question numerous times a week from members of our community.  It’s definitely one of the things that many newbies want to know. You’re nervous and scared and want to know exactly how to find those great deals. The reality is finding a great deal on  apartments and other properties is a process. It’s not something that you’re going to learn overnight. It takes time, once you determine the market you want to invest in, you’ve got to put in the work to learning everything you can about what properties are selling for, listing for and renting for.  You’ve also got to know your goals and path as an investor.  This will give you the guidelines to help you determine if a deal is a great deal within your search parameters and goals. Houses and condos in Pattaya Thailand are selling at a rate of about 100 per month, with an average price of $5500. The value of homes and condos is increasing as more people move to the city. Housing inventory seems to be low also as new houses and condos are not being built fast enough. Unemployment rates seem to be down as many people have jobs that allow them to live in Pattaya and cover their living expenses and mortgages. The cost of real estate on the island is increasing due to tourism and investment, making it one of the best places for long term investments by foreigners or local Thai citizens looking for profit from real estate increases. Sneak Peek on Buying an Investment Property I decided that this summer I would give y’all a sneak peek into some of our courses that we have here at RentalRookie. And on this week’s podcast I want to share the actual lesson from one of our lessons inside our ZerotoProperty Course.  I share not only how finding great travel deals relates to finding great deals for investing. I also share some quick tips to use when it comes to finding deals in your market such as analyzing recently sold vs. listed properties and calling local landlords to get accurate information on what they list their properties for and how long it takes them to rent them. So enjoy getting a sneak peek inside what our course looks like and my teaching style to see if it’s a good fit for you!  Grab the rest of the course by going to rentalrookie.com/zerotoproperty   &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com The post Show140: How to Find Great Deals when Buying an Investment Property appeared first on Rental Rookie.

I get this question numerous times a week from members of our community. It’s definitely one of the things that many newbies want to know. You’re nervous and scared and want to know exactly how to find those great deals. The reality is finding a great deal on <a href="https://flatsatspringhurst.com/" rel="nofollow" target="_blank">apartments</a> and other properties is a process. It’s not something that you’re going to learn overnight. It takes time, once you determine the market you want to invest in, you’ve got to put in the work to learning everything you can about what properties are selling for, listing for and renting for. You’ve also got to know your goals and path as an investor. This will give you the guidelines to help you determine if a deal is a great deal within your search parameters and goals. Houses and condos in Pattaya Thailand are selling at a rate of about 100 per month, with an average price of $5500. The value of homes and condos is increasing as more people move to the city. Housing inventory seems to be low also as new <a href="https://www.thaiproperty.com/" rel="nofollow" target="_blank">houses and condos</a> are not being built fast enough. Unemployment rates seem to be down as many people have jobs that allow them to live in Pattaya and cover their living expenses and mortgages. The cost of real estate on the island is increasing due to tourism and investment, making it one of the best places for long term investments by foreigners or local Thai citizens looking for profit from real estate increases. <h2>Sneak Peek on Buying an Investment Property</h2> I decided that this summer I would give y’all a sneak peek into some of our courses that we have here at RentalRookie. And on this week’s podcast I want to share the actual lesson from one of our lessons inside our ZerotoProperty Course. I share not only how finding great travel deals relates to finding great deals for investing. I also share some quick tips to use when it comes to finding deals in your market such as analyzing recently sold vs. listed properties and calling local landlords to get accurate information on what they list their properties for and how long it takes them to rent them. So enjoy getting a sneak peek inside what our course looks like and my teaching style to see if it’s a good fit for you! <h4>Grab the rest of the course by going to <a href="http://rentalrookie.com/zerotoproperty" rel="nofollow" target="_blank">rentalrookie.com/zerotoproperty</a></h4> <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/buying-an-investment-property" rel="nofollow" target="_blank">Show140: How to Find Great Deals when Buying an Investment Property</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show140: How to Find Great Deals when Buying an Investment Property

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.   #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞          5 Quick Tips  Learning from others who have gone before you is huge when it comes to reducing your learning curve. And the same theory is true when it comes to investing in rental property.  There are many investors who are out there sharing their knowledge and expertise so that others can be successful with less mistakes and failures. This podcast episode is all about sharing tips for real estate investors. In the show, I share 5 quick tips that can help investors, whether new or seasoned, become more strategic and confident investors.When it comes to learning the niche of real estate investing, there's a lot of information that can often lead to analysis paralysis.  Meaning that you spend all of your time learning and never actually taking action.Tip #1 is all about not trying to learn everything.  Realize that you will constantly be learning throughout your journey as an investor and that what you need to know when you're getting started is really just the simple process to buying that first property.Obviously as you grow as an investor, you can begin to get more complex and creative; however, learning just the basics of what you need to know to make a great first deal will be critical to building the foundation of your success.In the show I cover: Don't try to learn everything Setting actionable goals for yourself Sitting down with someone (in person/digitally) who invests already Learning from others mistakes Acting fast when something isn't working  «Grab our trainings, spreadsheets, and videos inside our Pro Community»     Links Mentioned in the Show  RentalRookie Private Facebook Group Free Book Giveaway RentalRookie.com Learn More about our ZerotoProperty Course   The post Show122: 5 Quick Tips For the Real Estate Investor appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> <h2>5 Quick Tips</h2> Learning from others who have gone before you is huge when it comes to reducing your learning curve. And the same theory is true when it comes to investing in rental property.  There are many investors who are out there sharing their knowledge and expertise so that others can be successful with less mistakes and failures. This podcast episode is all about sharing tips for real estate investors. In the show, I share 5 quick tips that can help investors, whether new or seasoned, become more strategic and confident investors.When it comes to learning the niche of real estate investing, there's a lot of information that can often lead to analysis paralysis.  Meaning that you spend all of your time learning and never actually taking action. Tip #1 is all about not trying to learn everything.  Realize that you will constantly be learning throughout your journey as an investor and that what you need to know when you're getting started is really just the simple process to buying that first property. Obviously as you grow as an investor, you can begin to get more complex and creative; however, learning just the basics of what you need to know to make a great first deal will be critical to building the foundation of your success. In the show I cover: <ul> <li>Don't try to learn everything</li> <li>Setting actionable goals for yourself</li> <li>Sitting down with someone (in person/digitally) who invests already</li> <li>Learning from others mistakes</li> <li>Acting fast when something isn't working</li> </ul> <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="/books" rel="nofollow" target="_blank">Free Book Giveaway</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> <li><a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Learn More about our ZerotoProperty Course</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show122" rel="nofollow" target="_blank">Show122: 5 Quick Tips For the Real Estate Investor</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show122: 5 Quick Tips For the Real Estate Investor

Looking to get in on the conversation?  Join our Private Facebook Group and start networking with other investors just like you….   #btn_1_10373d85beafffc8a11117e96efac2a5 .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_10373d85beafffc8a11117e96efac2a5 {padding:19px 26px;border-color:#003399;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#003399;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #003399), color-stop(100%, #003399));background:-webkit-linear-gradient(top, #003399 0%, #003399 100%);background:-moz-linear-gradient(top, #003399 0%, #003399 100%);background:-ms-linear-gradient(top, #003399 0%, #003399 100%);background:-o-linear-gradient(top, #003399 0%, #003399 100%);background:linear-gradient(to bottom, #003399 0%, #003399 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#003399, endColorstr=#003399, GradientType=0);box-shadow:none;}#btn_1_10373d85beafffc8a11117e96efac2a5 .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Join our Facebook Group &gt;&gt;      The Ugly Truth About Scaling?  It's true....when it comes to scaling your business as an investor landlord, while financially it can be a profitable and strategic business decision, there are some uglies that can come along with it.  Anytime you are growing whether it be personal, financial, academic, etc.  there are changes that have to be made and tweaks to current systems. In this episode, Kirk and I talk about those 'ugly truths' from our own experience of scaling from those first initial properties to 15 units. While we know that this is a hot topic within our community and many newbie investors want to get past those initial first properties, it can indeed be a challenge.  Time and money can become external obstacles, yet again, for the early investor. We talk about the importance of time and accounting for management fees early on in your analysis so when the time comes you can pass on those properties to others to manage and still be making good cash flow.  We also talk about the importance of systems and process and why eventually you may have to build a team. «Watch Our Training Video on Setting Parameters for Your Search»    In the show we discuss: =&gt;the financial hurdle of buying property after you've already put money into properties =&gt;strategies to use to finance those next properties =&gt;how you need to account for management fees early so you can indeed pass off profitable properties later =&gt;the need for systems and processes the bigger you grow =&gt; and more...   Links Mentioned in the Show  RentalRookie Private Facebook Group RentalRookie.com Learn More about our brand new course on Scaling with Rental Property    The post Show120: The Ugly Truth About Scaling with Rental Property appeared first on Rental Rookie.

<h4>Looking to get in on the conversation?  Join our Private Facebook Group and start networking with other investors just like you….</h4> #btn_1_10373d85beafffc8a11117e96efac2a5 .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_10373d85beafffc8a11117e96efac2a5 {padding:19px 26px;border-color:#003399;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#003399;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #003399), color-stop(100%, #003399));background:-webkit-linear-gradient(top, #003399 0%, #003399 100%);background:-moz-linear-gradient(top, #003399 0%, #003399 100%);background:-ms-linear-gradient(top, #003399 0%, #003399 100%);background:-o-linear-gradient(top, #003399 0%, #003399 100%);background:linear-gradient(to bottom, #003399 0%, #003399 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#003399, endColorstr=#003399, GradientType=0);box-shadow:none;}#btn_1_10373d85beafffc8a11117e96efac2a5 .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_10373d85beafffc8a11117e96efac2a5 .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="rentalrookie.com/facebook" rel="nofollow" target="_blank">Join our Facebook Group &gt;&gt;</a> <h2>The Ugly Truth About Scaling?</h2> It's true....when it comes to scaling your business as an investor landlord, while financially it can be a profitable and strategic business decision, there are some uglies that can come along with it.  Anytime you are growing whether it be personal, financial, academic, etc.  there are changes that have to be made and tweaks to current systems. In this episode, Kirk and I talk about those 'ugly truths' from our own experience of scaling from those first initial properties to 15 units. While we know that this is a hot topic within our community and many newbie investors want to get past those initial first properties, it can indeed be a challenge.  Time and money can become external obstacles, yet again, for the early investor. We talk about the importance of time and accounting for management fees early on in your analysis so when the time comes you can pass on those properties to others to manage and still be making good cash flow.  We also talk about the importance of systems and process and why eventually you may have to build a team. <h4><a href="http://rentalrookie.com/setting-parameters" rel="nofollow" target="_blank">«Watch Our Training Video on Setting Parameters for Your Search»</a></h4>  In the show we discuss: =&gt;the financial hurdle of buying property after you've already put money into properties =&gt;strategies to use to finance those next properties =&gt;how you need to account for management fees early so you can indeed pass off profitable properties later =&gt;the need for systems and processes the bigger you grow =&gt; and more... <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> <li><a href="/scaling" rel="nofollow" target="_blank">Learn More about our brand new course on Scaling with Rental Property </a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show120" rel="nofollow" target="_blank">Show120: The Ugly Truth About Scaling with Rental Property</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show120: The Ugly Truth About Scaling with Rental Property

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.   #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞ Believe it or not, we are into another new year. As quickly as 2018 came and went we are starting into a new year of new goals and huge plans of what we want the year to look like, what goals we want to crush along the way. Instead of kicking off the year talking about our goals we wanted to kick off the year answering your questions &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; We get tons of questions inside our Private Facebook Group and wanted to take some time to answer some recent questions that were asked. In this week's podcast episode, we break down why you need to get a pre-approval for each property and each offer that you make. We discuss making offers without real estate agents and why it could be beneficial as a buyer to use an agent as it costs nothing out of your pocket. A huge fear that a lot of newbie investors have when it comes to scaling is how to grow your portfolio without blowing all of your cash. We break down how this is similar to the fitness New Years resolution that so many make and the idea of going to the gym to lose weight is like growing your portfolio. Tune in to hear these questions and more answered from our own experiences in growing our rental portfolio and networking with other investors. «Grab our trainings, spreadsheets, and videos inside our Pro Community»     Links Mentioned in the Show  RentalRookie Private Facebook Group RentalRookie.com   The post Show130: Getting Pre-Approval Letters, Growing Without Depleting Your Savings and Other Questions appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> Believe it or not, we are into another new year. As quickly as 2018 came and went we are starting into a new year of new goals and huge plans of what we want the year to look like, what goals we want to crush along the way. Instead of kicking off the year talking about our goals we wanted to kick off the year answering your questions <blockquote><a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a></blockquote> We get tons of questions inside our Private Facebook Group and wanted to take some time to answer some recent questions that were asked. In this week's podcast episode, we break down why you need to get a pre-approval for each property and each offer that you make. We discuss making offers without real estate agents and why it could be beneficial as a buyer to use an agent as it costs nothing out of your pocket. A huge fear that a lot of newbie investors have when it comes to scaling is how to grow your portfolio without blowing all of your cash. We break down how this is similar to the fitness New Years resolution that so many make and the idea of going to the gym to lose weight is like growing your portfolio. Tune in to hear these questions and more answered from our own experiences in growing our rental portfolio and networking with other investors. <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/show130" rel="nofollow" target="_blank">Show130: Getting Pre-Approval Letters, Growing Without Depleting Your Savings and Other Questions</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show130: Getting Pre-Approval Letters, Growing Without Depleting Your Savings and Other Questions

Pedro Obregon

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course. #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞   Turning Long Term Rentals into  Short Term Rentals  It's hard to imagine what life was like before you could easily hop on the internet and book a condo or house rather than a hotel room while going on vacation. While in the last few years, the rise of popularity for AirBnB and the like has become a way of life for travelers, for those who are on the investing side of the spectrum...this really can be a new strategy for building your rental portfolio and maximizing the profits that one property can actually earn. This week's show welcomes Pedro Obregon, a real estate investor from Florida who is using the strategy of buying smaller multi-family properties (5-7 units) that were originally long term rentals and transforming them into short term rental properties where he can rent them out on a weekly basis in order to sometimes more than double his profits. If you have a small space, use an iron board that can be installed on wall. His strategy is an ever growing one in popularity, but definitely comes with important things to consider when dealing in the STR space.  Things like turnover with tenants each week, financing options for these commercial properties, restrictions for zoning and more. He shares with us how he got into investing, specifically with STR, and things we should consider if we are planning to try to add this type of property to a rental portfolio. Contact Pedro via email: pedro.f.obregon@gmail.comIn the show we discuss: Residential vs. commercial financing How he handles the property management side Why he takes these properties from long term rentals to short term rentals How he profits 2.5X using the short term strategy vs LTR Why you have to check the zoning restrictions before you plan to rent out an AirBnB and more...  «Grab our trainings, spreadsheets, and videos inside our Pro Community»   Links Mentioned in the Show  Grab Pedro's Case Study Here RentalRookie Private Facebook Group Guestable (property management service) RentalRookie.com Learn More about our ZerotoProperty Course   The post Show123: Doubling Your Profit with Short Term Rentals with Pedro Obregon appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> <h2> Turning Long Term Rentals into Short Term Rentals</h2> It's hard to imagine what life was like before you could easily hop on the internet and book a condo or house rather than a hotel room while going on vacation. While in the last few years, the rise of popularity for AirBnB and the like has become a way of life for travelers, for those who are on the investing side of the spectrum...this really can be a new strategy for building your rental portfolio and maximizing the profits that one property can actually earn. This week's show welcomes Pedro Obregon, a real estate investor from Florida who is using the strategy of buying smaller multi-family properties (5-7 units) that were originally long term rentals and transforming them into short term rental properties where he can rent them out on a weekly basis in order to sometimes more than double his profits. If you have a small space, use an <a href="https://wallmountedreviews.com/best-wall-mount-ironing-board-reviews/" rel="nofollow" target="_blank">iron board that can be installed on wall</a>. His strategy is an ever growing one in popularity, but definitely comes with important things to consider when dealing in the STR space.  Things like turnover with tenants each week, financing options for these commercial properties, restrictions for zoning and more. He shares with us how he got into investing, specifically with STR, and things we should consider if we are planning to try to add this type of property to a rental portfolio. Contact Pedro via email: pedro.f.obregon@gmail.comIn the show we discuss: <ul> <li>Residential vs. commercial financing</li> <li>How he handles the property management side</li> <li>Why he takes these properties from long term rentals to short term rentals</li> <li>How he profits 2.5X using the short term strategy vs LTR</li> <li>Why you have to check the zoning restrictions before you plan to rent out an AirBnB</li> <li>and more...</li> </ul> <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="http://rentalrookie.com/wp-content/uploads/2018/08/Lauderdale-by-the-Sea_4549-Bougainvilla-Dr_Offering-Memo.pdf" rel="nofollow" target="_blank">Grab Pedro's Case Study Here</a></li> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="https://guestable.com" rel="nofollow" target="_blank">Guestable</a><a href="/books" rel="nofollow" target="_blank"> (p</a>roperty management service)</li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> <li><a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Learn More about our ZerotoProperty Course</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/short-term-rentals" rel="nofollow" target="_blank">Show123: Doubling Your Profit with Short Term Rentals with Pedro Obregon</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show123: Doubling Your Profit with Short Term Rentals with Pedro Obregon

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.   #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞ Investing in Student Rentals Within the rental property investing niche there are many different paths that you can take.  The different types of property you can invest in, albeit single family, duplexes, mobile homes, vacation rentals, etc, all offer their own variances in the investing journey. While they are all classified as rental property each one offers a unique twist that allows investors to find the one that resonates with their goals for investing. In this mini-series on the podcast we are going to break down student rentals and really dive into what they are, how they are different, what types of returns they can make for you and more. This is 1 of 3 podcasts episodes that are going to focus on this topic. What is a student rental? A student rental is a rental property that investors rent out solely to university students.  They could be undergraduate or graduate students and these properties are located in university and college towns. One of the major perks of investing in student rentals is the premium rent you can charge. For instance, we have a 5 bedroom house that we use as a student rental.  If we were to rent it out to a family we could maybe charge somewhere between $800-$1000 for the house. But as a student rental, we got over $2000 a month for this same property. So you can see that having it as a student rental vs. a single family rental is more advantageous for return.   Student Rental vs. Single Family Rental Rent revenue is not the only thing that differs between a student rental and a regular single family rental. When it comes to the tenant screening process, it differs quite extensively. In some cases you are screening 18-20 year olds who have no credit history, have probably lived with their parents for the last 18 years, have no employment and no salary. So you can immediately see that the normal qualifications that you use to screen a prospective tenant can't really work. Therefore, you have to know what sorts of things are important to ask in the screening process with students. &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Podcast Mini-Seris 1 of 3 Stay tuned over the next two podcasts to hear a cast study about the revenue our student rentals produce for us as well as hear an interview of someone else who invests in student rentals and get their insight as well!  «Grab our trainings, spreadsheets, and videos inside our Pro Community»     Links Mentioned in the Show  RentalRookie Private Facebook Group Nareit RentalRookie.com   The post Show134: What is a student rental and how is it different from regular rentals? appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> <h2>Investing in Student Rentals</h2> Within the rental property investing niche there are many different paths that you can take.  The different types of property you can invest in, albeit single family, duplexes, mobile homes, vacation rentals, etc, all offer their own variances in the investing journey. While they are all classified as rental property each one offers a unique twist that allows investors to find the one that resonates with their goals for investing. In this mini-series on the podcast we are going to break down student rentals and really dive into what they are, how they are different, what types of returns they can make for you and more. This is 1 of 3 podcasts episodes that are going to focus on this topic. <h2>What is a student rental?</h2> A student rental is a rental property that investors rent out solely to university students.  They could be undergraduate or graduate students and these properties are located in university and college towns. One of the major perks of investing in student rentals is the premium rent you can charge. For instance, we have a 5 bedroom house that we use as a student rental.  If we were to rent it out to a family we could maybe charge somewhere between $800-$1000 for the house. But as a student rental, we got over $2000 a month for this same property. So you can see that having it as a student rental vs. a single family rental is more advantageous for return. <h2>Student Rental vs. Single Family Rental</h2> Rent revenue is not the only thing that differs between a student rental and a regular single family rental. When it comes to the tenant screening process, it differs quite extensively. In some cases you are screening 18-20 year olds who have no credit history, have probably lived with their parents for the last 18 years, have no employment and no salary. So you can immediately see that the normal qualifications that you use to screen a prospective tenant can't really work. Therefore, you have to know what sorts of things are important to ask in the screening process with students. <blockquote><a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a></blockquote> Podcast Mini-Seris 1 of 3 Stay tuned over the next two podcasts to hear a cast study about the revenue our student rentals produce for us as well as hear an interview of someone else who invests in student rentals and get their insight as well! <h4></h4> <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="https://www.reit.com/what-reit" rel="nofollow" target="_blank">Nareit</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/student-rental" rel="nofollow" target="_blank">Show134: What is a student rental and how is it different from regular rentals?</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show134: What is a student rental and how is it different from regular rentals?

Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course. #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}Check out the Course ☞ REIT Investing When it comes to investing in real estate there are so many different avenues that you can take. Many times we have broken down the various avenues that one may pursue: flipping, Showcase IDX, rental properties, wholesales, tax liens, syndications to name a few. One of the things that most of these investing ventures have in common is that the process of investing in and owning the real estate is very tangible. You buy the property and you can walk up and touch the property that you own. In most cases, it may be a sot of active investment in that you are actually doing work related to owning and making money on the deals, you can also buy stocks online in the real estate field. In this week's podcast episode we break down REIT investing and how you can still invest in real estate but in a much more passive manner. What is a REIT? REIT stands for real estate investment trust and are companies that invest in income producing real estate properties. These assets can range from residential real estate to commercial real estate, gas stations, grocery stores, movie theaters, etc. This allows individuals investors to own real estate. Which means that investors can earn profit from investing in real estate without having to go and obtain financing or manage any properties individually. They simply invest by purchasing these portfolios of assets- similar to how one invests in a stock or exchange traded fund (ETF). One of the signatures traits of a REIT is the fact that companies must pay out 90% of their taxable income to shareholders. Not only do investors earn profit from the performance of the REIT but they also pay out a REIT dividend yield which allows you to make money despite the performance of the REIT in the market. REITS trade on many of the major stock exchanges which allows you to invest in them through brokerage companies. (similar to an index or mutual fund) REIT Categories One thing to realize is that there are different categories of REITs that differ slightly in their performance. Equity REITs- These are REITs that own income producing real estate and the most common publicly traded REIT. This is the type of REIT that most investors ultimately end up investing in. Mortgage REITs- With a mortgage REIT the income is generated based off of the interest that is collected on the loans which they invest in.  So whereas a regular (equity) REIT invests in real estate, mortgage REITs invest in mortgages and mortgage backed securities. Single vs. Index REITs  - Investing in a single REIT means that you are investing in a single company.  With an index REIT you are investing in a curated group of companies who invest in real estate. &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Why this might be a good option for you as an investor? Let's face it investing in rental property as a solo investor requires some cash. The high barrier of entry to the real estate investing world often leaves many from actually taking action and buying property.  «Grab our trainings, spreadsheets, and videos inside our Pro Community» Links Mentioned in the Show  RentalRookie Private Facebook Group Nareit RentalRookie.com   The post Show133: REIT Investing: How You Can Invest in Real Estate through Real Estate Investing Trusts appeared first on Rental Rookie.

<h4>Learn the no-hype, no-fluff process to buying your first (or next) rental property with out ZerotoProperty Course.</h4> #btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .text {font-size:23px;color:#ffffff;font-family:"Helvetica Neue", Helvetica, sans-serif;font-weight:bold;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c {padding:19px 26px;border-color:#2ecc71;border-width:1px;-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;background:#2ecc71;background:-webkit-gradient(linear, left top, left bottom, color-stop(0%, #2ecc71), color-stop(100%, #2ecc71));background:-webkit-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-moz-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-ms-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:-o-linear-gradient(top, #2ecc71 0%, #2ecc71 100%);background:linear-gradient(to bottom, #2ecc71 0%, #2ecc71 100%);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#2ecc71, endColorstr=#2ecc71, GradientType=0);box-shadow:none;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .gradient {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .shine {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .active {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}#btn_1_c4d9ba1cc4936e38c3c1fe7b175c485c .hover {-moz-border-radius:6px;-webkit-border-radius:6px;border-radius:6px;}<a href="http://rentalrookie.com/zerotoproperty-course-outline-course-preview" rel="nofollow" target="_blank">Check out the Course ☞</a> <h2>REIT Investing</h2> When it comes to investing in real estate there are so many different avenues that you can take. Many times we have broken down the various avenues that one may pursue: flipping, <a href="https://thexconcept.com/showcase/" rel="nofollow" target="_blank">Showcase IDX</a>, rental properties, wholesales, tax liens, syndications to name a few. One of the things that most of these investing ventures have in common is that the process of investing in and owning the real estate is very tangible. You buy the property and you can walk up and touch the property that you own. In most cases, it may be a sot of active investment in that you are actually doing work related to owning and making money on the deals, you can also <a href="https://www.sofi.com/invest/" rel="nofollow" target="_blank">buy stocks online</a> in the real estate field. In this week's podcast episode we break down REIT investing and how you can still invest in real estate but in a much more passive manner. <h2>What is a REIT?</h2> REIT stands for real estate investment trust and are companies that invest in income producing real estate properties. These assets can range from residential real estate to commercial real estate, gas stations, grocery stores, movie theaters, etc. This allows individuals investors to own real estate. Which means that investors can earn profit from investing in real estate without having to go and obtain financing or manage any properties individually. They simply invest by purchasing these portfolios of assets- similar to how one invests in a stock or exchange traded fund (ETF). One of the signatures traits of a REIT is the fact that companies must pay out 90% of their taxable income to shareholders. Not only do investors earn profit from the performance of the REIT but they also pay out a REIT dividend yield which allows you to make money despite the performance of the REIT in the market. REITS trade on many of the major stock exchanges which allows you to invest in them through brokerage companies. (similar to an index or mutual fund) <h2>REIT Categories</h2> One thing to realize is that there are different categories of REITs that differ slightly in their performance. Equity REITs- These are REITs that own income producing real estate and the most common publicly traded REIT. This is the type of REIT that most investors ultimately end up investing in. Mortgage REITs- With a mortgage REIT the income is generated based off of the interest that is collected on the loans which they invest in.  So whereas a regular (equity) REIT invests in real estate, mortgage REITs invest in mortgages and mortgage backed securities. Single vs. Index REITs  - Investing in a single REIT means that you are investing in a single company.  With an index REIT you are investing in a curated group of companies who invest in real estate. <blockquote><a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a></blockquote> Why this might be a good option for you as an investor? Let's face it investing in rental property as a solo investor requires some cash. The high barrier of entry to the real estate investing world often leaves many from actually taking action and buying property. <h4></h4> <h4><a href="http://rentalrookie.com/join" rel="nofollow" target="_blank">«Grab our trainings, spreadsheets, and videos inside our Pro Community»</a></h4> <h4>Links Mentioned in the Show</h4> <ul> <li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li> <li><a href="https://www.reit.com/what-reit" rel="nofollow" target="_blank">Nareit</a></li> <li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li> </ul> <h3><a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a></h3> The post <a href="http://rentalrookie.com/podcast/reit-investing" rel="nofollow" target="_blank">Show133: REIT Investing: How You Can Invest in Real Estate through Real Estate Investing Trusts</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show133: REIT Investing: How You Can Invest in Real Estate through Real Estate Investing Trusts

You guys….this week I’m here to inspire. Kirk and I often jump on the podcast to share practical tips and strategies that we’ve learned in the 7 years we’ve been investing. However, this week I want to inspire you. I want to share with you a dream I’ve had since I was a kid. One that, for a period of my life, thought it wouldn’t be something I could achieve until I was in retirement. But believe it when I said that we’ve achieved this dream of mine when I was only 32. Yes…not 65…..32. And without a shadow of a doubt I can tell you that when we bought our first rental property… …a 2 bedroom, 2 bath condo I never imagined that this investing road would take us where it has. I never actually thought that it would replace my income as a teacher. I never actually thought that it would allow me to stay home and raise my babies and live a flexible life that we designed. I never actually thought that it would allow me to buy a beach house in my favorite beach town at such a young age. But it has. And even though it was scary as hell to buy that first rental property. It truly took that first one to change everything. Tune in to this week’s podcast to get inspired!  Grab the rest of the course by going to rentalrookie.com/zerotoproperty   &gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt; Subscribe on iTunes  Links Mentioned in the Show RentalRookie Private Facebook GroupRental Property RoadmapRentalRookie.com   The post Show142: Stop wondering what’s on the other side of your first  rental property appeared first on Rental Rookie.

You guys….this week I’m here to inspire. Kirk and I often jump on the podcast to share practical tips and strategies that we’ve learned in the 7 years we’ve been investing. However, this week I want to inspire you. I want to share with you a dream I’ve had since I was a kid. One that, for a period of my life, thought it wouldn’t be something I could achieve until I was in retirement. But believe it when I said that we’ve achieved this dream of mine when I was only 32. Yes…not 65…..32. And without a shadow of a doubt I can tell you that when we bought our first rental property… …a 2 bedroom, 2 bath condo I never imagined that this investing road would take us where it has. I never actually thought that it would replace my income as a teacher. I never actually thought that it would allow me to stay home and raise my babies and live a flexible life that we designed. I never actually thought that it would allow me to buy a beach house in my favorite beach town at such a young age. But it has. And even though it was scary as hell to buy that first rental property. It truly took that first one to change everything. Tune in to this week’s podcast to get inspired! <h4>Grab the rest of the course by going to <a href="http://rentalrookie.com/zerotoproperty" rel="nofollow" target="_blank">rentalrookie.com/zerotoproperty</a></h4> <a href="https://app.clickfunnels.com/for_domain/emily1bc0bb.clickfunnels.com/sales-page23654610?updated_at=4a219fe85c47c8a0a00305095873f51fv2&amp;track=0&amp;preview=true" rel="nofollow" target="_blank">&gt;&gt;&gt;Click here to learn more about how to get started with Rental Property&gt;&gt;&gt;&gt;&gt;&gt;</a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank"></a> <a href="https://itunes.apple.com/us/podcast/the-rental-rookie-podcast/id943705286" rel="nofollow" target="_blank">Subscribe on iTunes</a> <h4></h4> Links Mentioned in the Show <ul><li><a href="https://www.facebook.com/groups/1060739103984857/" rel="nofollow" target="_blank">RentalRookie Private Facebook Group</a></li><li><a href="http://rentalrookie.com/roadmap" rel="nofollow" target="_blank">Rental Property Roadmap</a></li><li><a href="http://rentalrookie.com" rel="nofollow" target="_blank">RentalRookie.com</a></li></ul> The post <a href="http://rentalrookie.com/podcast/rental-property" rel="nofollow" target="_blank">Show142: Stop wondering what’s on the other side of your first rental property</a> appeared first on <a href="http://rentalrookie.com" rel="nofollow" target="_blank">Rental Rookie</a>.

Show142: Stop wondering what’s on the other side of your first  rental property

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