Get Real about Success
The Coronavirus has impacted the whole world in magnanimous ways and it has brought about fear in many industries and in our personal lives. The real estate industry is no exception. I talk with Heather Marchant about some of the ways this global crisis has affected the real estate industry and how people in the industry can still make money without putting others in a tighter financial pinch.
We throw around the phrase “turnkey investments” a lot, and I’m not sure we really know what that means. I talk with Heather Marchant about some of the bare minimum effort required by investors, even if they purchase a turnkey property. And I offer some suggestions for where to park your money if you’re not ready for a turnkey property.
If a deal seems too good to be true, maybe it is. But how do you know when a deal promises more than it will deliver? Heather Marchant and I lay down our hard and fast real estate rules, and also talk about some amazing deals that we passed on because they broke those rules.
If you’ve heard whispers of a new line of credit that bests the traditional HELOC, then you’ll be excited to hear from Caeli Ridge of Ridge Lending. She’s only the second lender in the country to offer this product, and she dives down deep today explaining how it works when you might want to use one, and why it could replace your checking and savings accounts.
From a tenant’s point of view, rent control sounds amazing. A stable rent that doesn’t increase despite outside market forces is attractive, especially in a growing city with an out of control real estate prices. Ron lays down the landlord’s point of view in a passionate explanation about the importance of supply and demand, and why rent control could damage the economy.
Comparing the ROI of real estate to the stock market isn’t a straight apples-to-apples comparison. Heather and I walk through all of the different benefits of real estate, including appreciation, tenants, and low-interest loans, to figure out the real ROI of real estate and why it blows the stock market out of the water every time.
In a debate of a 15-year mortgage versus a 30-year mortgage, which one will win? I talk with Heather Marchant about the huge advantages of a 30-year mortgage and why it continues to be a superior product for real estate investment. Heather shares her own experience with purchasing real estate during a downturn, and how a 30-year mortgage can improve that situation.
Online and on social media, I’m seeing a lot of the lunatic phase of real estate. Individuals are calling other individuals out; self-proclaimed experts claim that there is no risk in real estate investing. I’m all for calling certain things out, but there’s a way to do it. That’s what I’m talking about today.
If your business is growing faster than you can keep up, you need a property manager. But what are a property manager’s duties? How often should you communicate with them? Our special guest speaker, Chad Gallagher, answers those questions and many more in today’s episode.
In the past, we’ve covered topics like how to create a culture of growth. Now we’re going to discuss the very opposite topic: toxic work environments. How do you know if your company has a toxic work culture? What can you do to change it? Spoiler alert: it all starts with you.
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