Passive Real Estate Investing

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,

Americans can now retain both low income housing tax credit and private activity bonds with the new tax reform in act. This is a need that the government recognized so they created this tax break. Author of The ABCs Of Real Estate Investment, Ken McElroy deals with rental business but is a big fan of home ownership. While he understands why most investors look for good deals with low down payment, he does the complete opposite by finding rental demands in affluent areas because it will lead to less property management problems. Learn more on how you can start getting on track with you financial setting and how to stay on the course. — This episode is very exciting because I have a very special guest. A lot of you may know him. If you don’t, you’re going to get to know him. Ken McElroy is an extremely successful individual and one of Robert Kiyosaki’s Rich Dad Advisors. We had a great interview, chock-full of nuggets and wisdom. I just want to take a moment to thank everybody for the success the show has had o

I’m going to do something a little bit different today. Recently, I was invited to be a guest on The Real Estate CPA show, which is hosted by Brandon Hall. If you recall, Brandon was a guest of mine on episode 90. That episode was titled Sheltering Your Rental Income from Taxes (and Other Tax Tips). Brandon is a sharp guy, a great investor, and CPA. He focuses on creative tax strategies but he’s really dialed into the whole tax scene and how to reduce your taxes as an investor. He invited me on his show and we had a great conversation about a lot of different things. Some of it is great review for investors and other questions that he had was great for virtually any investor listening in. I wanted to share that episode with you. I did get Brandon’s permission to re-air if you will that episode on my show. We talked about things like the biggest real estate investing myth, what drives different markets, and the market differences, how to choose a market. We talked about investing locally versus long distance,

Welcome back to another episode where we’re going to talk about the Houston, Texas market. One thing that we’ve been getting asked a little bit about recently is the effects of Hurricane Harvey. As you know, Hurricane Harvey ripped through the Caribbean and beat up some of the islands down there and hit the coast pretty hard. However, the good news is that there was no bad news. We haven’t heard from any one of our clients that had invested in the Houston market reporting any kind of flooding or damage. That’s a good thing. There’s really one key reason why that was, and we’re going to talk about that today with my guest, Bryan. Houston is an interesting city. We’ve been there for many, many years. We’ve had a lot of happy clients and success there because it’s such an incredibly diverse and progressive city. It’s the nation’s fourth largest city, growing fast. It’s known as the city of infinite possibilities. It’s quickly approaching six million residents, that’s more than 32 states and it just continues to

Robert Kiyosaki once said, “Finding good partners is the key to success in anything: in business, in marriage and especially in investing.” On this show, we talk a lot about passive income and passive investments and how to create wealth through those vehicles, especially real estate. What about partnerships or syndications? Today, I want to explore the world of investment partnerships, they’re also known as syndications, and how you can potentially participate and profit from them as well. What is a syndication? In its simplest form, a syndication is just a pooling of investor money where the investor is typically a passive limited partner. The other partner to the deal is really a general partner or an active partner. That’s the person that puts the deal together. They manage the business plan. They provide the return and the benefits to all investors. You’ll hear general partner or GP often. They’re also referred to as the syndicate or the sponsor. These terms are used interchangeably. At the end of the da

I just got back from Memphis, Tennessee where I had a great three days there. We had a two-day event. The first day was all about education, getting to know new things about things related to real estate and real estate investing and taxes and whatnot. Then we had a great networking event that evening where I got the opportunity to meet a lot of investors from all around. In fact, we had one person there from Australia, we had a couple there from Hawaii, and it was fun. These people are there to learn and they’re people who listen to this podcast and it was just a lot of fun to meet people who listen to and from their drive to work. It’s great to put faces and names to people who are out there listening and educating themselves, learning to better their financial future and create financial freedom for themselves. That first day was all about education, the evening was all networking. We got to sit around and have something to eat and have a few drinks and just overlook the Mississippi River. It was just a gr

Before we get on our show here, I want to remind you about our upcoming Memphis Investment and Property Tour that will be on October 6th and October 7th. It’s a Friday, Saturday. This is a great event. If you can make it, get in touch with our investment counselors here. We are offering free tickets, the tickets are normally $450, and we would love to see you and maybe your spouse down there or your business partner. What we are doing is hosting a unique event in Memphis, Tennessee. It will be a weekend of property tours, speakers and networking mixed with a little Memphis culture. Not only will you see great investment properties but the first full day is where we’re bringing together speakers from all over to address various aspects of today’s real estate investing. That’s going to be a breadth of information and topics. We would love to have you down there and see what we have going on in that great market. Again, this is October 6th and 7th. You can come in as early as Thursday, October 5th. I’m not sure

I want to just say thanks for your patience. I've been away for about eight weeks. I haven't done an episode in almost two months. The reason for that is because I've been traveling extensively here for actually the whole year but mostly throughout the summer. I spent about two and a half weeks traveling through Italy and up to Paris. That was a family vacation. The rest has been all business related. I've been traveling everywhere from Kansas City to Dallas to China. I actually just got back from Shanghai, which was just an amazing trip. I might talk a little bit more about that in my next episode because it's quite fascinating what is going on in terms of investment capital and foreign investment in the US. Aside from that, I plan to get back on a weekly recording schedule here as best as I can. I still have a lot of travel coming up here over the course of this month and the rest of the year. I'll do my best to continue to deliver content and bring on some great guests. In the meantime, I want to announce

Vladimir Lenin once said the way to crush the middle class is to grind them between the millstones of taxation and inflation. It’s true, and it’s happening. Inflation and Real Estate Investors Financial industry insiders talk about monetary policy issued by central banks, exchange rate policies, and inflation rates, most of which are not fully understood – and are completely ignored – by the general public. What you need to know is that the odds are stacked against real estate investors in a more comprehensive and complicated way than most people are aware. The Advantages of Understanding Inflation Theory The good news is that, when you’re armed with this knowledge, you gain the ability to not only protect yourself from cost-push inflation and demand-pull inflation, but to also find new sources of wealth in unexpected places. The real return associated with these sometimes counterintuitive sources of wealth can be substantial because they work with the underlying flow of wealth rather than against it, notwith

The success habits of millionaires set them apart from everyone else. This is not to say that they are born with these habits, but they have perfected them. Learning them can also give you the success they worked hard for. Want to find out what millionaires do differently, and how their success habits have made them who they are today? Listen to the podcast, or read our outline below, and follow along with Dean Graziosi for valuable tips for building your wealth. Success Habits You Must Develop   Inspiration for Success Success does not come from nowhere and neither does the inspiration for it. If you are lucky, you may have already found the reason why you keep doing what you do. For some, this inspiration is yet to come. Inspiration is important because it’s the thing you hold onto during the long road to success. It comes in many forms: life experiences, encounters, books, certain events, and, for most people, a successful person. We have a very special show today and an incredible guest, someone who I’ve

Hiring a real estate property manager is an essential component of maintaining a property and its value in the market (not to mention attracting good tenants). If you’re a property owner who is busy, owns several properties, or owns out-of-state real estate investments, you will certainly benefit from hiring a professional property manager. Why Should You Hire a Property Manager? Finding a reliable property manager who can efficiently handle the day-to-day management, maintenance, and repairs of your investment property, conduct tenant screening and rent collection, and stay on top of landlord-tenant law changes is absolutely essential. It’s not only for peace of mind but also to ensure the maximum market value of the rental property. What Does a Property Manager Do? A property manager’s job description includes taking care of all the details and busy work so you can focus on growing your real estate investments. Having a good property management company on your side goes a long way to ensuring easy, profitab

We have a special show today because we’re going to do another market spotlight. Today, we’re going to talk about why you should invest in Alabama. In fact, there are actually three great markets to consider in Alabama. To discuss why you should invest in Alabama and these markets, I wanted to bring on one of my local market providers. He is a great guy, very knowledgeable. His name is Jared. Him and I were down at the IMN event in Florida a couple of months ago. He was on one of the panels, as was I on a separate panel. I really enjoyed listening to him talk because he is such a knowledgeable person. He’s very detailed, analytical; he really digs into the markets and market timing and trends and the economics and fundamentals. He understands why a market makes sense from many levels. I could literally listen to him all day long. Then I thought, “We work together, and we have a property in Huntsville, Montgomery and Birmingham in Alabama. Why don’t we just do a podcast episode and talk about these markets and

On today’s show, we’re going to talk about properly inspecting your rental properties before you buy them or even after you’ve purchased them. All of our clients at Norada Real Estate, we insist that they order a professional home inspection as part of their due diligence after they put a property under contract. That’s true for every single property they buy. Why? Because it’s important that you know the condition of the property and if there are any issues or red flags. There are still some amount of education that goes around this topic of home inspections. I wanted to bring on a professional, someone who really knows not only the industry, but the nuts and bolts of doing the actual inspections. My guest today is a gentleman named Tim Tucker. He’s with US Inspect. Tim is the Director of Business Development for US Inspect. They are the nation’s leading employee-based inspection services firm. They’re headquartered in Northern Virginia, but they have a very large network of inspection teams nationwide. If y

On today’s episode we are doing something a little different. We are having one of Norada’s newer active clients interview Marco Santarelli with some common, and not-so-common questions. Be sure to listen for some history, thought provoking questions, and motivation to pull the trigger or keep the momentum going for yourself. If you missed our last episode, be sure to listen to The Effect of World Events on Your U.S. Real Estate – Lior Gantz. 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 FeedLearn more about your ad choices. Visit megaphone.fm/adchoices

I just got back from IMN’s 5th Annual Single Family Rental Investment Forum in Miami, Florida. I was on a panel there speaking. What I enjoy about these events is that I get to network with people from all around the country and even out of the country and talk about the future of real estate investing, what is happening in the markets, the tightening of inventory, the growing rental pool, the effects of policy, monetary and fiscal, as well as geopolitical events. There’s just a mixed bag of topics. It’s all fascinating. This is a good segue into today’s show. Sometimes I talk to you about tactical items, whether it be asset protection or evaluating a neighborhood or finding a good deal. But you need to counter that with understanding some strategic related topics. It’s good to understand the tactical side of things, but it’s also good to understand the bigger picture, the strategic items, things that can or will affect your real estate investing, the strategy you have, where you invest, when you invest, that

When it comes to real estate investing, most financial advisors shake their heads. But the financial services industry has turned itself into such a complex machine. It has caused confusion, encouraged mistakes, and justified hefty fees. And all for the benefit of its own bottom line. That reminds me of a quote from Donald Trump. He said, “Sometimes, your best investments are actually the ones you don’t make.”   What Most Financial Advisors Don’t Want Investors to Know About Real Estate In this article: What Investors Need to Know about the Financial Services Industry What a Financial Advisor and a Real Estate Investor Says How Brent Sutherland Began His Career as an Investor What’s So Good about Having Real Estate Investment Property Why Investors Need Better Financial Education Why Financial Advisors Don’t Include Real Estate in Your Investment Strategy Income Diversification vs. Portfolio Diversification Why Investors Need to Diversify Their Income More than Their Portfolio Investors and Planning for Reti

Think and Grow Rich is one of those books you see most often on the recommended reading list of people who have achieved really great things. The book was written by the commission of Andrew Carnegie. Based on interviews of over 500 people in history who now we know as great men in the early 20th century, he’s commissioned this book. He interviewed people, such as Henry Ford, J.P. Morgan, John D. Rockefeller, Alexander Graham Bell, Thomas Edison, Theodore Roosevelt, Wilbur Wright, Howard Taft. This book is amazing. I read it so long ago. It was first published in 1937. It has sold more than 70 million copies. It gives it the distinction of being the all-time best-seller in the personal success category. Today’s episode is about Think and Grow Rich for real estate investors. The perfect person to bring on for this is a person who I know and respect, a friend of mine. His name is Mani Vaya. Mani is the founder of 2000Books.com where he interviews some of today’s top authors. Over the last five years, Mani has r

There’s a quote by Ambrose Bierce, “Death is not the end. There remains the litigation over the estate.” With this quote from this journalist and writer, today’s show is about proper estate planning for real estate investors. This is something I’ve been wanting to do for a while because I’ve realized it’s a little bit of a gap in the content that I’ve been putting out. Today, I brought on a guest who I found out about through a friend of mine. His name is Jules Martin Haas. He is a New York City based lawyer who provides clients with legal representation in various areas of law including real estate, trusts and estates, probate estate planning, and business law. With that amount of over regulation that we have out today, it’s very important to have a good attorney. If you missed our last episode, be sure to listen to Rental Income Protection – Sky Mikesell. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by l

On today’s show, we have an interesting topic. It’s about how to protect your rental income. I have worked with this person for quite a while and I wanted to bring him on the show because he has actually been part of a new company that is offering a rental income product. It might be something of great interest to you, especially depending on the size of your portfolio and where it’s located. If you missed our last episode, be sure to listen to Wealth, Wall Street and Real Assets with Buck Joffrey. 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 FeedLearn more about your ad choices. Visit megaphone.fm/adchoices

Today’s show is about wealth, Wall Street and real assets. I’ve brought Dr. Buck Joffrey on to the show to talk about this. Buck knows the old mantra of, “Investing in a diversified portfolio of stocks, bonds and mutual funds,” is simply outdated and dangerous, especially, for high paid professionals given the instability and the volatility in the markets today. He advocates entrepreneurship and investing, especially in hard assets and those that provide cashflow because that’s really the reliable way and the approach to building solid personal finance. I’m in line with his thinking and what he advocates. I want to get him on the show to talk about his perspective on these things. It was an interesting conversation, so I think you’ll thoroughly enjoy it. If you missed our last episode, be sure to listen to The Real Estate Investor Ladder of Success – Trevor McGregor. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffe