Passive Real Estate Investing

Passive Income from Tax Lien Certificates | PREI 105

Investing in tax lien certificates is an alternative way to include real estate in your portfolio, at least another source of income. When a homeowner falls behind on their property taxes, the county or municipality where the property is located can place a tax lien against the property. A tax lien certificate is issued usually by the tax assessor's office, verifying that there is a lien in place and the amount of taxes owed on that property by the current owner. According to the National Tax Lean Association, an amazing estimated $14 billion in property taxes goes unpaid each year. This is a pretty broad market for investors that most people don't understand. Ted Thomas explains how you can diversify a little and generate some extra cash using these tax lien certificates. Ted is a Florida-based educator, publisher and author of more than 30 books. His home study materials are international best sellers and draw clients from as far as Europe and South America. Find out how you can earn and make more money through an alternative form of passive real estate investing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin, Blockchain And Real Estate. Oh My! | PREI 104

Everybody has heard of Bitcoin, but some people really don't know what cryptocurrency is. Cryptocurrency is essentially a decentralized form of currency, and bitcoin is the market leader. The blockchain technology is the technology behind bitcoin. Blockchain and cryptocurrency expert Mike Freemen says the crypto revolution can bring money into the pockets of people who have never had a bank account and just skip that entire system. It's very liberating and powerful and the reach is virtually unlimited. Mike talks about bitcoin, blockchain and real estate, and says it's just a matter of understanding the uniqueness of what blockchain is and how that's going to apply to investing and real estate and contracts. Mike shares how his knowledge of blockchain technologies coupled with his investing experience allowed him to retire to Chile where he now spends his time advocating for freedom and seeking the next best way to cause more freedom in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Market Spotlight on the Quad Cities | PREI 103

Where’s the hotbed for real estate investing? Answer: the Quad Cities. Chris delves into buying and renovating luxury properties for the working-class folks. The Quad Cities, where Chris started, boasts very solid fundamentals. There's very consistent, strong returns on these properties. Single family up to four unit properties and the tenant base are pretty stable. It's not a more volatile market, like you're looking at major markets, like New York or Los Angeles. There's just a really high demand for a good rental product in the Quad Cities right now, considering that a lot of smaller operators don't take good care of the properties they handle. There's not too big of a supply of the more, as Chris would call it, like a luxury product for these working-class folks - and Chris’s team provides just that. Want in on the game before it's too late? Learn how to hold your properties to a high standard so you can lease them up in two weeks! Copyright 2018 Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in Real Estate from Over 6,000 Miles Away | PREI 102

How do you invest in real estate essentially as a solopreneur from over 6,000 miles away? Billy Keels is an international real estate entrepreneur, author, coach, and mentor. He sees opportunities where others often don’t in real estate. One thing that makes Billy interesting is that he works full-time for a Fortune 500 company in Barcelona, Spain, yet invests in US real estate from over 6,000 miles away. Billy talks about how he got started in long distance real estate investing, why he's doing what he's doing, how he's doing it, what's important to him, and what his challenges had been. Learn more about your ad choices. Visit megaphone.fm/adchoices

Top 10 Things Real Estate Investors Need To Know To Protect Their Assets with Scott Smith | PREI 101

Ownership of real estate has many benefits from an investment and tax perspective, yet there is downside risk. The value of real estate holdings can be used to cover damages awarded in lawsuits. It is important to consider asset protection strategies relating to real estate holdings in order to minimize that risk. Asset protection planning is a preemptive measures to reduce your exposure to future lawsuit risk. Scott Smith, owner of Royal Legal Solutions, says using the right tools to mitigate your exposure risk and liability is critically important. Learn more about the right tools and properly protecting ourselves. Learn more about your ad choices. Visit megaphone.fm/adchoices

Limiting Beliefs About Money and Wealth with Buck Joffrey | PREI 100

Thousands of people, despite all their best efforts to succeed, grow, and thrive, end up failing financially. Our subconscious beliefs often work against us, setting up hidden obstacles in the way of achieving what we consciously think we want and blocking the path to our highest potential. It’s those money and wealth limiting beliefs that hurt us the most. These negative beliefs are the money phrases that we have all heard before and that many of us say consciously or even subconsciously all the time. You need to be careful because of these seemingly harmless phrases about money can interfere with the wealth building process, exactly what you're trying to work towards. Buck Joffrey, an accomplished surgeon, entrepreneur, asset manager, and bestselling author of 7 Secrets of Eternal Wealth, shares the most common limiting beliefs and created a roadmap in his course to help people towards their journey of investing on their own and ultimately financial independence. Learn more about Your Roadmap to Real Wealth. Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. --- After working with thousands of investors over the past fourteen years when I'm creating more income, wealth, and freedom, I've seen firsthand that it is our subconscious beliefs that often work against us, setting up hidden obstacles in the way of achieving what we consciously think we want and blocking the path to our highest potential. Thousands of people, despite all their best efforts to succeed and grow and thrive, end up failing financially, feeling hopeless and clueless about what they do differently to bring about a better income. It's the negative beliefs that are the subconscious beliefs that hurt us the most. These negative beliefs are the money phrases that we have all heard before and that many of us say consciously or even subconsciously all the time. You need to be careful. Some of these seemingly harmless phrases about money can interfere with the wealth building process, exactly what you're trying to work towards. Here're some of the most popular phrases about money that you hear other people say, maybe you say these yourself. The first one is “It takes money to make money.” This phrase is limiting at best and destructive at worst. How about this one? “Money doesn't grow on trees.” This belief sets people up to believe that money is scarce and difficult to earn instead of seeing money as being abundant, which it is. Here's another one, “Another day, another dollar.” How often have you heard that one? “The masses trade time for money.” This creates the belief that making money is a linear process directly connected to time. How about, “Money is the root of all evil?” The real thing is the love of money is the root of all evil, but it has been misquoted so often for centuries that most people believe money itself is the root of all evil. It is not. “A penny saved is a penny earned.” There's a classic. This is a very dangerous belief as it puts a major emphasis on saving, and saving in itself is not bad, but the masses are so focused on clipping coupons and living frugally that they missed the major opportunities around them. “Money can't buy you happiness.” I've heard family members say this in the past. You don't get rich to get happier. You get rich for the financial freedom and time freedom that it brings you. If you're unhappy without money, guess what? You're not going to be happy when you have lots of it. Selfishness is a virtue. The masses are programmed from an early age to put the needs of others before their own. That sounds like a spiritual thing, a spirit-driven philosophy, it's the worst advice you can get when it comes to money because once you acquire wealth, then you can volunteer your time and give back to charity. It's all about being, doing, having, and then giving. What about more money and more problems? Another myth. Another myth among the masses is the idea that millionaires are workaholics, overloaded with so many problems that they don't have time to enjoy life. This is another excuse the middle class uses to justify being broke. When it comes to money, the best advice is to always look at it from a consciousness of freedom, possibility, opportunity, and abundance perspective. Never look at money from a fear or scarcity point of view. That's going to drive you in the wrong direction. If you're rich, keep thinking the way you're thinking and if not, maybe it's time to change the way you think about money. We're talking about beliefs and how they affect your money and wealth. It's my pleasure to welcome Buck Joffrey. Buck is an accomplished surgeon, entrepreneur, and asset manager. He's also the number one bestselling author of 7 Secrets of Eternal Wealth. He had a negative net worth when he finished surgical training back in 2008, but he quickly became a serial entrepreneur and a real estate investor, and he amassed an eight-figure net worth. If you missed our last episode, be sure to listen to Evolution of the Real Estate Investor. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Learn more about Your Roadmap to Real Wealth. Learn more about Credit Suite. Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

Evolution of the Real Estate Investor | PREI099

As a twenty-year veteran in the finance industry, Aaron has developed this concept of the evolution of the real estate investor. You can imagine it as an hierarchical structure or similar to what you might find in an organizational chart with a company. Aaron explains that it is an evolution where you start out working with real estate investors who spend money by investing in real estate, who then evolve to a position as a business owner in possession of several properties, to being a chief operations officer and having within their organization people that are going to work with new investors to market the properties and find more. He shares that understanding each level of this evolutionary structure will help make the team become more efficient in doing their particular tasks and also enable them to work in harmony with the other levels. — I wanted to do something a little different. I’m bringing on a good friend and one of our preferred mortgage bankers, mortgage brokers and mortgage lenders, Aaron Chapman. Aaron was on years ago, and we talked about non-owner occupied real estate investing and getting loans in the mortgage environment. If you haven’t seen it, go back and read that episode because there’s a lot of foundational information about mortgage lending there. He has this very interesting concept that he refers to as the evolution of the real estate investor. He explained this a couple of times and I found it very interesting because it’s representing a hierarchical structure of what you might find in an org chart with a company, you, being the CEO of that company. Aaron is a 20-year veteran in the finance industry and he focuses specifically and only on real estate investors. He does investment loans and he has a great team of a total of ten staff members that help him do these loans. He’s been married for 22 years and has four kids. He’s a very active guy and a lot of fun and he does a lot of stuff outside the investment and loan industry. He helps out with his local sheriff’s department in the rescue unit. He has been doing this for nine years as a technical off-road and helicopter rappel rescue technician. If you missed our last episode, be sure to listen to The Memphis Market and Our Next Investment Tour.   Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

The Memphis Market and Our Next Investment Tour | PREI 098

Memphis is a consistent and stable market. Mark brings back James, one of their team members out in the local market, to talk about the Memphis market and amazing things on the two-day Memphis investment property tour. He also talks about investing in Memphis and why it’s such a great cash flow market. James and his team has renovated, purchased, and sold over 235 single-family homes in Memphis, Tennessee that cash flow well and rent for very high-dollar amounts, making the cash on cash returns very attractive. Learn more about how you can invest in Memphis on the next investment tour. — I want to talk about Memphis and our next upcoming Memphis Investment Tour. For many of you, you know that we did a property/investment tour. I believe it was around the September, October timeframe. If you go back to an earlier episode, you will know that we talked about the Memphis Market and why invest in Memphis and why it’s such a great cashflow market. We can actually look back and talk about what we did on this two-day Memphis Investment and Property Tour because it was quite amazing. There was a lot of great content and education. We had some great speakers from all over the country and it was all packed into one and a half days. It’s happening again. We’re having another event in May and it’s an opportune time because they happen to have this world-famous barbecue festival or event that goes on. The timing is purposely done to coincide with that event. I brought James back on the show here. For those of you that don’t remember, James leads the team that we work with in Memphis. They are a great company and a great provider in terms of putting out fantastic income producing rental properties. In 2017, James and his team purchased, renovated and sold over 235 single-family homes in Memphis, Tennessee. The average prices of those properties were a $101,000. We’re not talking super expensive properties. They’re affordable. They cashflow well. They rent for a very high dollar amount making the cash-on-cash returns very attractive. These are great income-producing properties. James and his team in conjunction with our team here work with investors around the world to help you guys create passive income. As one of our top turnkey providers and partners in the Memphis market, they’ve now ventured out into building some new construction homes. They’ve built 23, 24 and they are ramping that up. That’s going to be a new thing that we’re introducing to you as well as on this Investment Tour. I don’t want to take all of James’ thunder. With that I want to welcome, James. If you missed our last episode, be sure to listen to From Zero to 35 Rentals in 4 Years – A Client Success Story. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

From Zero to 35 Rentals in 4 Years – A Client Success Story | PREI 097

Having a plan of action is one thing, but sticking to that plan is another. Most investors lose motivation when they see a task that is too big for them to do. But Anton Ivanov had a clear vision of his goals. When his tasks where bigger than he can handle, he broke it down to smaller pieces. Anton inherited a condo and became an accidental landlord but then saw that turnkey investments is great for starting investors who want to go out of state. Now he owns 35 rental units across four states that generates passive cash flow. Anton shares his stories of beginnings and how he got his confidence in the real estate investment world. — I have an interesting episode because I have a special guest, but he’s more than a guest. He’s actually a past client. This guy has really impressed me. The reason is because he set out to acquire real estate and build a portfolio. He set some goals and he made a plan. Not only did he execute on his plan but he stuck to it. He stuck to it in a way that he actually surprised me. I got an email with the subject line, “Just wanted to say a HUGE thanks.” I was a little taken aback. At first I thought, “It’s a spam email,” and I was about to delete it but then I recognized his name. I opened it up and he basically said, “I want to reach out to you just to say thank you for all your help, guidance and advice you’ve given me in the few years back. It’s been absolutely invaluable.” That’s literally “right from his email.” One thing led to another and I wanted to get him on the show here to share his experience and a little bit about him and how he got started and why he chose the path he chose and how he built his portfolio. Everybody’s got advice and some wisdom and knowledge and I figured it would be invaluable for a lot of people to learn from him. His name is Anton Ivanov. He is a real estate investor and an entrepreneur. He has built a 35-unit rental portfolio that’s spread out across four states. He lives in California, so these are not in California. He’s also the founder of an incredible app called DealCheck. It is dubbed the leading real estate analysis software and it is used by over 28,000 investors and agents to quickly analyze and compare investment properties. I actually was part of that beta test when he was developing it and it is excellent. I really enjoy using it and it’s outstanding. If you live off of an iPhone or a smart device, I really suggest putting that on your device because it’s useful. With that, I want to welcome Anton to the show. If you missed our last episode, be sure to listen to Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

Ken McElroy on The Economy, Home Ownership, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2 | PREI 096

Cash flow can be generated in real estate with no tax, making it the best kind of investment. By looking at the potential of the property in ten years, improvements can be made to increase cash flow, cap rate, income and rate of return for investors. Ken McElroy, author of The ABCs Of Real Estate Investment, has always had a soft spot for home ownership. When people build homes, this equates to mortgage interest because the owners build equity on that home. Ken McElroy shares tips on getting your financial settings in real estate on track and staying on that course by simply starting small and in a neighborhood that you know. — This is Part 2 of my interview with Ken McElroy, Rich Dad Advisor. He’s a great guy, smart, full of wisdom, extremely successful. If you haven’t listened to the first episode with me and Ken, just listen to that episode. It’s number 95. We’re going to continue with Part 2 of my interview with Ken McElroy. If you missed our last episode, be sure to listen to Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 1. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices