We often have famous guests come on the BiggerPockets podcast and talk about their real estate deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first rental property in the next 90 days.
I'd like to show you a before and after house flip where we go over the numbers to show you this is one of my biggest profit deals to date. We'll go inside the house together so you see what building materials & colors we're using and how much we spent on the renovation. In this business we never really know what the house will sell for until we list it on the market w/ the realtor or broker. Sometimes we can sell for the price we want, and sometimes we sell it for more or less than we want. Well in this case, we were able to sell it for $30k more than the list price. Further, the first person that viewed the house made the strongest offer. It seems like the real estate markets across America are in sellers markets right now, that means the sellers determine the prices. Let's go over the numbers on this flip and walk through it together so you get a feel for what $65k in renovations looks like. You'll also see I'm trying to teach my kids about real estate so they'll be ahead of the game when they get older... Enjoy!
00:00- Intro 2:08 - Here are the numbers on the flip 6:48 - Let's go over to the house on our bikes 9:55 - Go inside the house, the living room first 11:55 - The communal bathroom 13:55 - The PRIMARY bedroom and bathroom 15:31 - The NEW Kitchen w/ granite countertops and stainless steal appliances 16:55 - The new expensive deck, we should've shortened it 17:54 - We converted the shed into a functioning garage
Some Highlights In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.” Today’s housing market is healthy, and rising prices are driven by real buyer demand. Contact a local real estate professional to learn the best ways to navigate such an energetic market.
There is no doubt that we are heading for one of the biggest affordable housing crisis we have ever seen in history. There are several reasons why homes are going up in value to historic increases across the United States and it's probably not the reasons you think. In this video, we will cover why home affordability is out of control, what you can do to help keep the prices in your area in check. Plus, give you some affordable housing options if the typical home is out of reach for you and your family.
Please Feel Free To Drop Me A Email At Info@YourRealEstateWhisperer.com Or You Can Call Me Direct At: 1-225-246-1812 �To look for properties in the Baton Rouge and Ascension Parish area click here: https://goo.gl/Pfi9W9
�To read my blog visit yourrealestatewhisperer.com
�To Send Mail: Kristina Smallhorn PO BOX 1271 Prairieville LA 70769 #Affordablehousing #housingcrisis #KristinaSmallhorn
Kristina Smallhorn, Your Real Estate Whisperer kristina.smallhorn@exprealty.com,info@yourrealestatewhisperer.com eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817 225-246-1812,Office (225) 412-9982 ext# 149 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918 Disclaimer: All images and additional video segments contained in the Thumbnails and/or B-roll segments are used in strict compliance with the appropriate permissions and licenses required from https://pixabay.com and in accordance with the YouTube Partner Program, Community guidelines & YouTube terms of service. As an Amazon Associate, I earn from qualifying purchases at no extra cost to you as a buyer.
In this video I want to talk about the use of deeds, and put a little different spin on it that you may not be aware of on how you can go about deeding your property without anybody knowing.
Alright, so here's the deal. If you've bought property before, you know what a deed, how a deed works, right? People get a deed, they transfer property to someone. You receive your deed if you've bought the property and you record it right away.
I'm going to give you a strategy in this video on how you can go about transferring real estate without anybody knowing.
Questions or requests for a video topic are always welcome!
Be sure to check out my website https://andersonadvisors.com/ where you can find additional information on our upcoming real estate tax and asset protection workshops.
Ready To Protect Your Assets From Frivolous Lawsuits and Take Your Business To The Next Level?
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.
Come inside this mobile home park to see the truth about mobile home parks and how they're run from this park manager and real estate broker. I'd like you to meet my friend Stephanie McAnuff. She's a mobile home investor, park manager, park owner, and real estate broker AND wonderful MOM too. She's been investing in mobile homes for years and want to share some of the insider secrets she's learned to help you get starting in the business. Today we'll go over some of the steps to how parks are operated and the infrastructure you must know before you buy a mobile home. She's going to give you all her secrets of how to invest in mobile homes for beginners, even if you only have $500. We'll walk through one of her parks to see the different styles of homes, what a single-wide and double-wide home is and what to look for in the sewer systems in parks. This is the 1st video in this series so make sure you're subscribed to get the upcoming mobile home videos where Stephanie takes you inside two of her units that need to be turned around after the tenants moved out... You don't want to miss this..
00:00- Intro 3:20 - Meet Stephanie McAnuff at one of the parks she manages 6:45 - Why is mobile home investing so popular 8:58 - See the surrounding area & drive inside this mobile home park 12:20 - What type of tenants live in this park & who maintains the landscaping 15:30 - What a double wide looks like 18:40 - Stephanie is renovating this mobile home, let's see the exterior 22:30 - My daughter Taylor like to chase animals, comic relief 23:35 - How the septic and sewer systems work and what to look out for, and what can happen to these systems 29:40 - A question from one of our subscribers, Jeff
Take your real estate investing education to the next level. Find the discount code in the video above and try Ken's Master Course: https://kenmcelroy.com/master-course/
Learn more about Ken McElroy, real estate investing, and the economy at www.KenMcElroy.com.
⏰ Timestamps ⏰: 00:00 Introduction 03:03 Median Household Income & Housing Affordability 03:47 The Impact of Inflation 07:08 Inflation and Wage Growth 08:24 Wages Over 20 years 10:14 The Impact on Housing 12:48 Housing Prices 16:48 An Opportunity to Solve the Problem
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.
Most evictions in Arizona have been prevented because of state and federal rules enacted in response to the pandemic, but when the moratorium expires on June 30, thousands of Arizonans could be without a place to live. But no one knows just how many people will find themselves locked out of their homes.
What is the most common way we set up our private lenders so they are protected from losing their money when we borrow from them to do a flip? It is generally known as security!
What does the acronym "MAO" stand for when making offers on houses?
The process by which the lender allows a home owner to sell their house for less than what they owe is called a ________________________?
What is the final document you have to obtain from the city in order to sell your new construction house you just completed to an end buyer?
Who is responsible and liable to include the house on their tax return if your house is owned in a Land Trust?
If you buy a house and take title in a Land Trust, who is responsible for and has to pay the real estate taxes? (Question submitted by channel member Mark Jones)
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program.
Join Ken McElroy and his co-host Danille as they discuss the Consumer Financial Protection Bureau's involvement in the real estate market, the extension of forbearance, as well as discussing cash flow and finding hot markets to invest in.
Ken covers a broad range of real estate, entrepreneurial, and investing topics. Be sure to join live to be able to chat with other like-minded real estate investors and ask questions directly to Ken. To join in and learn more: https://kenmcelroy.com/premium
Be sure to click the bell to be notified as soon as he goes live next!
Purchase a copy of Ken's book, "The ABCs of Buying Rental Property,": http://bit.ly/RentalABCs Visit Ken's Bookstore: https://rda-press.com/rich-dad-advisor-ken-mcelroy/ Ken has a real estate strategies podcast! Follow on your favorite platform for new discussions released weekly. Apple Podcasts: https://apple.co/3jDqftx Spotify: https://spoti.fi/31GUDwW Website: https://bit.ly/2DaIoPH • 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. Ken's company: https://mccompanies.com/ • 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
My rental triplex is FINALLY finished and ready to rent. Get a final tour of the property and then join me in my office as I share all the numbers, including what I paid for the property, the total remodel cost, how I financed the property, and what I expect the return on investment and cash flow to be.
�Get my spreadsheet!�️ ... My RENTAL PROPERTY ANALYSIS Course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (& includes my spreadsheet): https://www.coachcarson.com/RPA-LT
OTHER VIDEO MENTIONED: 3 Mistakes I Made on a 100-Year-Old Triplex Remodel That Put Us Overbudget and Off Schedule https://youtu.be/aqNfgIcPHGU
TIMESTAMPS: 0:00 - This triplex reno is a year in the making! 0:57 - Before & After 2:08 - FINAL NUMBERS 4:48 - How I got financing 8:06 - Repair cost breakdown 14:00 - Is this a good deal or not? 16:52 - Annual cashflow estimates 19:00 - Accounting for appreciation 22:00 - Summary __________
In this video, we're going to discuss some real estate mistakes that's made recent headlines. � FREE 45-minute consultation https://aba.link/45minSession
Now, if you've been watching my channel for a while you know that when it comes to asset protection planning, anonymity in your planning is important.
Well, unfortunately the person I'm referring to created quite the media storm when she recently purchased a property in Los Angeles, and the individual I'm referring to is Patrisse Cullors.
In this short video I'm going to discuss how to avoid making real estate privacy mistakes and how use anonymity in your planning.
Ready To Protect Your Assets From Frivolous Lawsuits and Take Your Business To The Next Level?
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.
It’s hard for real estate investors to get started, especially without a mentor, a background in real estate, or an existing network. Many of those interested in buying profitable, cash-flowing real estate are busy with their 9-5 job or even running their own business. This was at least the case for landlord and founder of Doorvest, Andrew Luong, when he talked to his friends about buying rental properties.
Andrew had a passion for real estate and knew that it was one of the best ways to make residual side-income. When he chatted up friends about real estate, they were interested too. Andrew would send them to agents, property managers, show them profit margins, and more. After a few months when Andrew would ask his friends how their real estate was going, they would reply “I didn’t have time to do any of it, will you just do it for me?”
Just like that, Doorvest was born. Doorvest allows aspiring investors, regardless of where they’re at in the world, to purchase renovated, cash-flowing properties with management fully built-in. Not only does this help make a potential landlord’s life much, much easier, it also lowers the barrier of entry for anyone trying to get into real estate!
If you want to get started wholesaling real estate but still trying to put all the pieces together on how it works then this training is for you. My friend Dutch Jackson has only been in this business for a short amount of time, but his very first year he did 20 wholesaling deals. I asked him to share his story with us.... A few months ago he introduced me to the text blast software, which is his secret weapon. He then told me "Kris, I think I want to put together something a little more detailed for the people" So, tonight at 7:30pm EST, we're going to hear exactly how Dutch has put together a system for newbies to get started wholesaling with no prior experience. I'll see you at 7:30pm EST.
This week’s question comes from Dane through Ashley’s DMs on Instagram (you can find her @wealthfromrentals). Dane is asking: should I sell or rent out my
In today's vlog we are visiting a finished flip, one that we acquired a few months ago for the low price of $109,000. With 35,000 in rehabs the before and after's of this house flip is crazy! Francis and his team did a great job and in the end we ended up getting an offer for full price at $270,000.
If you enjoyed the video please don't forget to drop a like, subscribe and turn on notifications!
This is the second part of the video when it comes to installment sales, as it applies to flipping. � If you would like a FREE 45-minute consultation, you can request one here �� https://aba.link/45minSession
In my previous video, I covered what it means for an investor to sell a property on an installment sale. Now we're going to talk about taxation and structuring installment sales for flipping. This is where you get into a different area altogether, where you can get yourself in serious tax trouble if you don't know what you're doing.
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.
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