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A Day in The Life of an Expert Real Estate Investor (video)
If you’ve ever thought about becoming a full-time real estate investor, you might want to know what the “typical” day looks like. Follow Mike Lima, an expert real estate investor from Arizona as he takes you through a tour of one of his days on his journey of financial freedom.
Who’s on YOUR 16-Member Real Estate POWER TEAM?
Real Estate Investing doesn’t have to be risky. I, for one, prefer the odds slanted heavily in my favor when I am investing. That’s why it’s important to have a strong POWER TEAM to help you succeed. I am going to present my power team of the top 16 professionals
Create Your Own St. Patrick’s Day “Luck”
Every year on March 17, many of us ‘celebrate’ Saint Patrick’s Day with a green beer (or two), by wearing green clothing, or by going to one of the thousands of namesake parades hosted by cities and towns around the world. The 17th of March is believed to be the
Who to Have in Your Wholesale Real Estate Power Team
If you’re a real estate investor who wants to massively increase your chances of turning investing into a successful career, there is going to come a time when you’ll no longer have enough hours in the day to do everything that needs to be done by yourself. As your real
Case Study Part 3: $100k on a Last-Minute Foreclosure
After waiting about 2.5 months to get the IRS lien discharged and to get possession of the house from the trespassers, we had been anxious to get started on the remodeling efforts. It took us an additional 4.5 months to rehab the property, including accomplishing the 4 key value-add objectives
Case Study Part 2: Saving a Home from Foreclosure, and Dealing with the Aftermath
So it was now the morning of the foreclosure sale, and the first bit of news we had received wasn’t good. An IRS lien rarely is. Meanwhile, my investor friend’s plan for that morning was to meet up with the Owner and sign the purchase contract. Securing that contract was
Case Study Part 1: Next-day Foreclosure Sale Showcases Creative Deal Structure, IRS Liens, Trespassers, and More!
Once in a while, a deal comes along that provides the ultimate challenge of your real estate acumen, fortitude, patience, and your assessment of risk versus reward. In sharing this particular opportunity with you, I will describe the ins and outs of a complex deal structure which necessitated solid risk
Taking Control of Your Retirement with Self-Directed IRAs
If you have an IRA or a 401k from a previous employer, you may be able to utilize it to grow your retirement funds quicker and with more control by applying your real estate expertise, rather than relying on the stock market, which is outside of our control. Do You
4 Reasons Why LLCs are Great for Real Estate Investors
If you are out there doing real estate deals, whether they be Fix/Flip, Buy/Hold, or Wholesaling transactions, hopefully you have a corporate entity in place that suits your needs rather than conducting business or taking the title in your own name. There are important benefits to using an LLC as
What to Look For In An ADA Accessible Investment Property
Co-authored by Patrick Young If you are rehabbing a property for either the Fix/Flip or Buy/Hold model of real estate investing and you’d like it to widen your pool of buyers or renters, keep reading. Here, we will take a look at a few features that should be included
Making Big Profits on a 4-Plex Flip
Lots of real estate Fix/Flip investors (and HGTV reality TV shows) focus on the basic house flip, i.e., rehabbing and selling a single family residence (SFR). But a talented investor can use a similar process to flip a duplex, triplex, or 4-plex, while typically making bigger profits than can be
Ageless Quote from Warren Buffet – Daughter Makes 1st Investment at Age 7
“I made my first investment at age eleven. I was wasting my life up until then.” Wow! This quote from Warren Buffett really gets ya thinking!! But how can an 11-year-old invest on his/her own, without help? The truth is, they can’t do it all alone. But then again, we
Build a Kick-Butt Portfolio in 5 Years Using BRRRR
Previously, I have defined and explained the BRRRR method of investing in rental real estate. To recap that article, here the steps of this sequential method, and the summarized importance of each: Buy – a smart buy doesn’t guarantee your profits at the end of the rainbow, but a bad
Part 5 – Which Real Estate Investment Strategy Fits You Best? – Land Entitlement and Land Development
In this article, we shall explore two of the vehicles in the bottom section of the below Matrix – which are typically more advanced investing Models. For the most part, these Models require significant capital and/or expertise in order to execute them successfully. This article introduces you to Land Entitlement
Introduction to the BRRRR Method of Investing in Rental Properties (with Video)
BRRRR means “Buy, Rehab, Rent, Refinance, Repeat,” and is a step-by-step method used by investors who wish to build passive income over time. Each one of the steps in the BRRRR method is implemented in order. This BRRRR method of real estate investing lends itself to taking advantage of good
Part 4 – Which Real Estate Investment Strategy Fits you Best? – Buy and Hold
Previously, we discussed why it is important to review the various real estate investing (REI) strategies and determine which one fits you best in your current situation. If you missed it, here’s the link to that article We also introduced the proprietary REI Matrix and discussed the wholesaling model, found
Part 3 – Which Real Estate Investment Strategy Fits You Best? – Fix and Flip
Previously, we discussed why it is important to review the various real estate investing (REI) strategies, and determine which one fits you best in your current situation. If you missed it, here’s the link to that article. We also introduced our proprietary REI Matrix and discussed the wholesaling model, found
Part 2 – Which Real Estate Investment Strategy Fit you Best? – Wholesaling
Previously, we discussed why it’s important to review the various investing strategies and determine which one fits you best in your current situation. If you missed it, here’s the link to that article: Click Here Begin by Choosing 1 of the 3 Primary Strategies Maximize the Cash you can get NOW
Which Real Estate Investment Strategy Fits You Best?
Let’s face it, when it comes to houses, one size (or shape, or style) certainly doesn’t fit all! The same goes for your investment strategy. Depending on your circumstances, some real estate strategies might be better for you than others. For instance, let’s invent a hypothetical man named “Don”. Don
Crucial Advice for Real Estate Investing
“Luck is what happens when Preparation Meets Opportunity” This quote by Seneca, a Roman philosopher from the mid-1st century AD, has been one of my favorites for years. It’s a great saying because it reminds us that we create our own ‘luck’ based on the things we do or do
