True Passive Income is the Holy Grail for most Real Estate Investors. However, its not always easy to separate ourselves from the Day-to-Day Realities of Investing and figure out ways to create a team, systems and processes that will free up more time and energy for other pursuits. In this episode we're going to discuss why a good plan violently executed today is better than a perfect plan executed next week.
Gary Hall is an Entrepreneur, Passive Income Strategist, and the Operations Manager of Westshore Property Management in Muskegon, Michigan. Gary's going to share concrete examples of the systems he's put in place throughout his career to create passive income while building his real estate portfolio.
We also go into detail on a low income 11 unit that he's turning into an Airbnb cash cow, as well as his first 'blind pool' syndication and the lessons he learned while raising over $400,000.
Gary also discusses the Financial Business he started while in College, Whether Dave Ramsay's advice applies to Commercial Investors, and his outlook on the West Michigan Market.
If you're serious about treating your Real Estate Investing as a Business, then I know you're going to get a lot out of this episode.
Gary's contact info:Gary@deanarrow.com
To share your True Life Ghost Story contact Brian Hamrick @ firstname.lastname@example.org
Today we take a Deeper Dive into the Un-Sexy, yet Extremely Important, details that can make or break your rental property investments:
- why you should always have an Attorney review your Contracts
- the importance of Title Companies when you buy a Property
- how to avoid Adverse Possession - the Hostile Takeover of your Property
- How you can Profit from having a Cell Tower on your Property
- How to avoid Land Contract Disasters
Brian Durham is a Real Estate Agent and Office Manager for Precision Real Estate. He's also finished law school and is in the process of taking the bar exam. Brian has a background in Telecommunications, business management, and tenant law.
In this episode, Brian shares how his first home presented a unique and lucrative profit potential when a large grocery store chain made him an offer he couldn't refuse, what happened when a house he sold on land contract burned down, and why he sees the strong housing market continuing for another two to three years.
I know you'll gain a lot of in-depth real estate knowledge from today's conversation. Please take a moment to go to itunes to give us a review & rating.
To contact Brian:
facebook: Precision Real Estate llc
And share your Real Life Ghost Story by emailing Brian Hamrick @ email@example.com
This episode is dedicated to anyone who's ever owned rental property and has had to decide whether they should self-manage or hire a professional 3rd party property management company.
James Loftus and Patrick Spitzley are back in the studio to discuss their experiences managing their rental properties and then handing over their babies to someone else to take care of them.
We discuss the pro's & con's of professional management v.s. self-managing, getting rid of intrusive and demanding tenants, and whether or not your bottom-line numbers will improve with professional management.
James and Patrick also discuss why they chose not to start their own management companies, the lifestyle they've created with their free time, and whether or not $50 for changing a toilet paper holder is too expensive.
I know you're going to enjoy our conversation. Stick around until the end to hear some bonus 'off-mic' content!
Whitney Nicely believes everyone should control their destiny by investing in real estate as soon and as much as possible. Today she joins me in the studio to talk about the many types of deals she's done, the techniques she's used, and the lessons she's learned along the way.
Whitney LOVES investing in Lease Options, and she tells some great stories of the money she's made, and the headaches she's encountered.
You'll also learn the three profit points Whitney focuses on when doing a lease option: The non-refundable lease fee, monthly cash flow, and profit at sale.
Whitney also buys vacant land at auctions and tells the story of two purchases that had surprisingly lucrative outcomes. You'll also find out how she and her boyfriend (now husband) were able to purchase their apartment units with no money down.
This is a fun, informational episode that I know you're going to enjoy.
You can contact Whitney through her facebook page by going to: