Get Real about Success
Ron and Angela talk about taxes on rental income. They don’t give tax advice, just info. They urge you to find an accountant who’s knowledgeable about real estate investing. Talk to other successful real estate investors about their approach to taxes. Depend on a tax professional to know how you can keep more of your earnings.
Learn about the 4 returns real estate investors enjoy. Ron and Angela of RP Capital take you through a
case study about the returns generated by an actual rental house in the Midwest. It’s an excellent way
to better your understanding. And after listening, you can get additional information from RPC websites.
Today’s podcast is about getting the education you need to succeed… self-education to be precise. Angela and Ron get real about our education system, which teaches students to repeat facts instead of teaching the skills needed for business and life. They recommend searching out the information you need for yourself using free resources like the internet and the library.
Today’s podcast is about taking responsibility for your actions. When you spend time blaming others for everything, you are not spending time bettering yourself. Be grateful, be positive, take action toward success, and ask for advice. There are plenty of good ideas in this episode to help you focus on personal growth and business success.
Today’s podcast is about accredited investing. Many people don’t know such a designation exists. The SEC set it up to protect people from getting into investments that are too rich for them. Accredited investments are largely unadvertised since so few people qualify for them. The deals don’t always have greater return than regular investments, though many do have greater potential.
Today’s podcast is about retirement planning. Many Americans avoid planning or seriously think winning the lottery is how they’ll finance retirement. Now that’s a definite sucker route. Ron and Angela recommend developing a lifestyle plan and a financial plan. Putting a retirement plan together and funding it gives you peace of mind.
Today’s podcast is about taking charge of your financial situation and not letting debt hold you back. Get real with yourself by taking a truthful look at your attitudes toward money. Do you pay off debt and then repeat the cycle? Have you turned down business or social opportunities because of debt? Work toward becoming the master of your financial situation.
People are always asking us if it’s possible to invest in real estate with no money of your own. Ron’s opinion on the subject is thought provoking. The episode also addresses how much real estate training is available and how few of those courses teach sales skills. You may want to consider if you can benefit from sales training.
In this episode we look at the state of the current real estate market, which is showing signs of slowing down in some areas of the country. Ron and Angela explain why there is never a time to turn your back on real estate investing. They feel that the market is going through a cycle that hits every 8 to 10 years. It’s nothing like the 2008/09 crash because the underlying weaknesses like subprime mortgages aren’t a factor. Listen to hear the REAL regarding the market from these professionals.
We explain the whole passive income thing, which does require a little action on the investor’s part. Put the emphasis on income, not passive, when thinking about it. Managed rental investing is an excellent way to diversify your portfolio and earn a serious return. Hear about Angela’s mom’s experience, which shows that even serious property damage interrupts earning only briefly.
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