Join Ken McElroy and co-host Danille in a LIVE discussion about AirBnBs, temporary rentals, and the pros/cons of leasing a property short-term instead of a regular rental schedule. Want to get your questions answered? Join our PREMIUM group by following this link: https://www.kenmcelroy.com/premium
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
• DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates
On February 27, 2012, Warren Buffett was interview by CNBC and as a part of that interview, he talked about investing in single family homes. Serrus Capital Partners was excited to hear his comments and want to share with you that small part of the complete interview. To watch the whole interview, go to http://www.cnbc.com/id/46538421
The housing market just crossed over into new territory: median home prices in the US hit $350,000! With a 24% increase over last year, this runaway train of a housing market (or housing bubble) doesn’t look like it’s ending any time soon.
Dave walks through all the reasons behind this massive jump in home prices as well as what’s happening with existing inventory and inventory from new construction.
With homes selling so fast and so above market nowadays, you’d expect flippers to be doing more business, right? Not exactly...Dave shows some data on the flipping market and why flippers are making the move from short-term investments to long-term investments. Will this have devastating consequences over the next few years or are we going to see this hot housing market continue well into 2022? Let us know in the comments what you think will happen!
00:00 Housing Market Highlights 00:24 The Housing Market is Going Insane 00:39 Highest Median Home Prices...Ever 02:07 Inventory is Up! 02:30 What About New Construction? 03:22 What Can Future Homebuyers Expect? 04:39 Flipping Takes a Hit 05:54 Takeaway: Invest for The LONG Term
This video explains what an internal rate of return (IRR) is and how you can use it to evaluate real estate investments (including how to use the formula in an Excel or Google Slides spreadsheet). You'll also get practical examples of both unleveraged and leveraged internal rates of return and the pros and cons of using the IRR formula.
TIMESTAMPS: 0:00 - Intro 0:25 - What is IRR? 2:33 - Warren Buffet & Aesop's Fable 4:20 - IRR example NO debt 10:57 - IRR example WITH debt 14:22 - Pros and Cons of IRR 20:17 - Closing thoughts __________
Hi everyone, I have a decent land deal locked up but I'm not sure how to close it. I've tried to include as much detail as possible below: The original owners (a married couple) lived in New Jersey and purchased the lot in Colorado in July of '81. Th
✔️ Science of Flipping Academy ✔️ All the systems and software I use in my business ✔️ All the tools you need to run your business ✔️ All my Scripts, Contracts, Spreadsheets ✔️ Special Discounts ✔️ And Much More...
“Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP)
“Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW)
“We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom)
����� ������: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors.
Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio.
Find the best rental properties for investing in the Scottsdale real estate market in 2021. Also get more information on why Scottsdale is a great choice.
This video reveals 5 creative strategies for using the term “payments” in your seller-financed real estate deals. This is just a small part of purchasing property without having to get a bank loan. To start from the beginning watch this video next: https://youtu.be/ULoeuc8H3Nw
The first of these creative real estate investing terms is “down payment.” This term can be useful when it comes to seller financing because you can be flexible with it. You see, “down payment” refers to money you give the seller at the closing. But if the seller asks for more than you’re willing to pay upfront, you can ask to split up the payment.
The term I find most useful when it comes to creative real estate investing strategies is the “principal only payment.” This is a payment that goes 100 percent toward the principal of the seller’s loan. Using this seller financing option, you can build up equity quickly, giving you more available cash to invest in other properties.
These payment terms allow you to avoid all of the headaches that come with borrowing from a bank, while providing you with the flexibility you may need to purchase a property. By getting creative, you can buy more property using less money.
Creative Real Estate Investing Strategies: 0:14 - What is seller financing? 1:12 - What is a down payment? 1:46 - What is a deferred payment? 2:54 - What are interest only payments? 3:30 - What are principal only payments? 4:20 - What are balloon payments?
If you’d like to jump straight to the “how-to” of buying real estate with seller financing specifically, this video here would be what you’re looking for next: https://youtu.be/hQRxYYpxnV0
If you understand how seller financing works and you want to FIND more of these types of deals, you’ll really dig this video here: https://youtu.be/kz0ecDPkz1s
If it’s been a challenge to get sellers to agree to your creative financed offers, you’ll get some great tips and tricks here: https://youtu.be/FRn9SFrzO34
Essential "Velocity of Money" Tools so you can maximize your returns and limit potential losses:
��� Get started investing in crypto � http://MyFirstCryptoCourse.com (Send me your course receipt to matt@epicrealestate.com and I'll show you how I leverage my crypto and income properties together to multiply my ROI x3!)
��� Leverage life insurance banking to increase your income property ROI. My financial consultant John will work with you for free here � http://EpicProfitBooster.com
If we haven't yet met, my name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you're ready, here are some ways I can help...
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this https://youtu.be/JQPTe2XzDVM
✅ for us to take on all of the heavy-lifting and build your cash flowing income property portfolio for you, go to http://CashFlowSavvy.com
✅ to find off-market real estate deals and do it yourself, here's our most valuable tool in doing so http://bit.ly/OffMarketRealEstate
QUESTIONS ABOUT EPIC PRODUCTS AND SERVICES, CONTACT SUPPORT support@epicinvested.com.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Matt Theriault is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicles.
When did lumber prices become as exciting as gold prices? Well, you can thank last year for that! Ever since the start of the pandemic we’ve seen wood prices skyrocket up to as high as $1,700 per unit and now they’re coasting at around $1,000 per unit. But with this massive reduction since the peak, shouldn’t new construction and housing prices be heading down as well?
Dave answers this question and more on this week’s episode! We’ll also talk about credit standard loosening, mortgage forbearance, and whether or not this points to a housing market bubble, a housing market crash, or a healthy housing market.
What do you think will happen to the housing market over the next year? If you have real estate investments are you buying more properties? Let us know below!
00:00 Intro 00:30 Lumber Prices Take a Plunge 02:16 Credit Standards Loosen 04:35 Mortgage Forbearance Continues to Drop 06:29 Dave's Take on the Housing Market
Setting up a living trust is not going to do you any good unless you properly fund it. What happens is that many times people will create these estate planning tools and they never put their assets into it.
They assume "well I'm going to bypass probate," only for their heirs to find out that they didn't properly fund the trust. Then they all have to go through probate which goes into the trust at the very end.
If you've set up a living trust or you're considering setting up a living trust, then this is going to be an important video for you on the funding aspect of your trust.
Watch this short video to learn about how to fund a revocable living trust.
Questions or requests for a video topic are always welcome!
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
✔️ Science of Flipping Academy ✔️ All the systems and software I use in my business ✔️ All the tools you need to run your business ✔️ All my Scripts, Contracts, Spreadsheets ✔️ Special Discounts ✔️ And Much More...
“Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP)
“Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW)
“We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom)
����� ������: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors.
Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio.
Earlier this year, we released the third official course from REtipster called House Hacker University: http://househackeruniversity.com/
In this video, I'll show you what the course is all about, who it is (and isn't) for and what you can expect from it.
TOC 0:00 - Intro 0:35 - What is "house hacking" and why did we make a course about it? 2:48 - Module 1: House Hacking Fundamentals 4:28 - Module 2: Finding Your Property 6:05 - Module 3: Analyzing Your Property 6:39 - Module 4: Financing Your Property 7:21 - Module 5: Managing Your Property 8:32 - Course Wrap Up 8:55 - Bonus Section 9:41 - Example lesson from the course 10:29 - Who is this course for? 11:15 - Check out the House Hacking section of the forum at: https://retipster.com/forum/category/120/house-hacking
Why did we create a course on this subject? There are a few reasons:
- House hacking has always been a popular strategy for both new and experienced real estate investors. It's a brilliant want to monetize your home and we felt it was worthy of our time to create some useful information on the subject. - There are plenty of books and blog posts that cover the basics of house hacking, but we wanted to bring the instruction to the next level, so that's what we did! - As an online information hub for real estate investors, we wanted to provide some comprehensive, "meaty" information about how to tackle this kind of project. - In an effort to continue diversifying our content further, we wanted to focus on another niche (outside of land investing) where our team had some legitimate expertise.
If you are trying to be smart about using your limited resources to get a house that pays you each month and actually becomes an asset instead of a liability, then this is probably something you should check out!
Jaren Barnes spent the better part of a year putting this content together and he did a remarkable job of capturing the essence of how to execute a successful house hack.
✔️ Science of Flipping Academy ✔️ All the systems and software I use in my business ✔️ All the tools you need to run your business ✔️ All my Scripts, Contracts, Spreadsheets ✔️ Special Discounts ✔️ And Much More...
“Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP)
“Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW)
“We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom)
����� ������: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors.
Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio.
This video reveals 3 creative strategies for using the term “amortization” in your seller-financed real estate deals. This is a very small part of investing in real estate without having to get a bank loan. To start from the beginning watch this video next: https://youtu.be/ULoeuc8H3Nw
If you’d like to jump straight to the “how-to” of buying real estate with seller financing specifically, this video here would be what you’re looking for next: https://youtu.be/hQRxYYpxnV0
If you understand how seller financing works and you're ready to start FINDING more of these types of deals, you’ll really love this video here: https://youtu.be/kz0ecDPkz1s
Finally, if it’s been a challenge to get sellers to agree to your creative financed offers, you’ll get some great tips and tricks to get them to say "Yes!" here: https://youtu.be/FRn9SFrzO34
------------------------------------
Essential "Velocity of Money" Tools:
��� Get started investing in crypto � http://MyFirstCryptoCourse.com (Send me your course receipt and I'll show you how I leverage my crypto and income properties together)
My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you're ready, here are some ways I can help...
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this https://youtu.be/JQPTe2XzDVM
✅ for us to take on all of the heavy-lifting and build your cash flowing income property portfolio for you, go to http://CashFlowSavvy.com
✅ to find off-market real estate deals and do it yourself, here's our most valuable tool in doing so http://bit.ly/OffMarketRealEstate
QUESTIONS ABOUT EPIC PRODUCTS AND SERVICES, CONTACT SUPPORT support@epicinvested.com.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Matt Theriault is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicles.
How can you tell if your property is part of an HOA? There is usually a way to identify this, but not always.
In this clip from our Office Hours session in June of 2021, we'll explain why there (unfortunately) isn't always a fool-proof way to confirm the existence of an HOA in every situation, but there are some key clues you can look at to get a good idea for what applies to your property.
Has anyone found a way to sell properties from their website using Apple Pay, Google Pay, Amazon Pay or any of these other super convenient payment gateways? I love it when I see a website that lets me buy something using Apple Pay. I don't have to ente
There was an interesting post in our Facebook Group this past week that I thought was worth highlighting here. You can see the original post here if you want to check it out (it actually is pretty fascinating, with input from others who have done
Brandon Turner, host of the BiggerPockets podcast, was complacent a few years ago, even after acquiring a decade worth of real estate, with enough passive income to live his life how he saw fit. There was still something missing. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential.
Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there.
He shares the 10 lessons he learned while starting his real estate syndication, Open Door Capital, so you can scale faster, scale smarter, and live the life you love.
00:00 Intro 5:01 Quick Tip 7:10 The Story Behind Open Door Capital 11:07 Lesson #1: Start with The Life You Want to Lead 13:33 Lesson #2: Be the Smallest in the Room 15:44 Lesson #3: It's More Important TO Decide 20:54 Lesson #4: Test Your Work Relationships 32:38 Lesson #5: Mistakes Lead to Clarity 34:45 Lesson #6: Get Specific 39:14 Lesson #7: Success is a Process 40:58 Lesson #8: Work For Your Employees 45:07 Lesson #9: Systems Lead to Freedom 47:40 Lesson #10 Mindset Coaching Leads to Success 49:50 Closing Thoughts
Today I want to talk to you about the dumbest mistakes I made on my first rental property. Being a first time landlord is no easy task, like I thought it was going to be. You see, back in 2005 I thought after I bought the house, I'd hire a property manager and let the money start coming in on auto pilot. That wasn't the case. I lost 3 houses to foreclosure because I didn't know what I was doing. I could go on for hours about all the mistakes I made but I decided to narrow it down to the ones that will have the most impact on your real estate rental business. Don't forget to download the accompanying pdf checklist and all the supporting docs so you'll be successful with your first rental property, even if you haven't bought it yet. It's out there waiting for you!
00:00- Intro 2:07 - #1 Allowing my tenants to have pets 3:40 - #2 Doing one year leases with my tenants 4:43 -#3 Trying to be friends instead of being freindly w/ my tenants 6:17 - #4 Only doing 30 day notices to vacate the property instead of 90 day notices 7:45 - #5 Taking personal checks 8:52 - #6 Not keeping track of late fees when the tenant paid rent late 10:14 - #7 Being the owner instead of being the Property Manager 11:36 - #8 Not verifying income with the Employment Verification document 13:14 - #9 Making the rent due on the 1st of the month 14:58 - #10 Not sending out and filing the proper Landlord/tenant paperwork when rent is late 17:05 - #11 Communicating w/ my tenants too much 18:32 - #12 Not trying Section 8 tenants 19:21 - #13 Not taking pictures of damages when the tenant moves out 21:02 - #14 Refusing to try Lease Options as a strategy 21:45 - #15 Not charging court fees to tenants 22:45 - #16 Not checking eviction past filings on prospective tenants 23:36 - #17 Not giving out Air Filters for Central Heating and Air systems 24:35 - #18 I didn't speak to previous Landlords of my prospective tenants 27:11 - #19 Not driving by my properties 28:10 - #20 - Thinking the Property Management company will take care of everything
Can the government save us now? With economic instability, civil unrest, and the supposed "K-Shaped Recovery," how much can we really expect the government to do? Join Ken McElroy and economist George Gammon in a discussion about what the government can do at this point to save us from the ever-increasing wealth gap & high inflation.
Learn more about Ken McElroy, real estate investing and the economy at www.KenMcElroy.com.
⏰ Timestamps ⏰: 0:00 Intro 1:32 Rebel Capitalist LIVE in 2021! 5:43 Opening up the country & the new normal 13:55 Is the US really in an economic recovery? 17:25 Outro
Be sure to click the bell to be notified as soon as the next informational video is posted!
• ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites.
All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
✔️ Science of Flipping Academy ✔️ All the systems and software I use in my business ✔️ All the tools you need to run your business ✔️ All my Scripts, Contracts, Spreadsheets ✔️ Special Discounts ✔️ And Much More...
“Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP)
“Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW)
“We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom)
����� ������: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors.
Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio.
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