ROI Wealth Watch: Recent Episodes
Jared Garfield & Daniel Ray
Are you interested in real estate investing? Perhaps you’re new to real estate or maybe you’ve been doing this a while. Either way, you’ll find the ROI Wealth Watch podcast to be full of insider knowledge. You might even say real estate secrets, but only if by secrets you mean the things only a true real estate veteran has learned the hard way. This is the show that will help you learn to buy real estate in the right markets at the right times.
The ROI Wealth Watch podcast is hosted by Jared Garfield a veteran flipper, hedge fund manager, and turn-key provider with more than 20 years experience in the school of real-estate hard knocks. Jared is joined by his co-host, Daniel Ray, who has 17 years experience in helping thousands of real estate investors, business owners, and investors reach their goals.
Whether you’re wanting to add to an already sizable rental real estate portfolio or start one from scratch, you’ve found the right education resource in the ROI Wealth Watch podcast!
Get the inside scoop on US real estate markets in our latest episode! Learn which markets are deep in bubble territory and how to steer clear. We'll also take you on a tour of hidden markets where undervalued, cash-flowing properties await. Plus, you'll discover powerful but under-used strategies that can help you find the most lucrative off-market deals. Don't miss out!
Welcome back to our podcast, where we aim to guide both novice and seasoned investors through the fascinating world of investing! In this kick-off episode, we introduce ourselves and reveal our strategies for unearthing cash flowing deals in this challenging real estate market, including where to find unusually profitable properties like 4-plexes for under $50,000! Check out our Youtube channel as well (ROI Wealth Watch)!
What tips or advice would you give a friend just starting out in real estate investing? Well, Colin Murphy from Torcana Real Estate in Florida has a few to share and they are worth your time.
Today, Jared and Tom welcome Colin and together tackle the tips investors need most when beginning their real estate journey. Colin also extols the virtues of investing in the Tampa Florida market.
Visit Colin's website at http://torcana.com and Colin's podcast page at http://www.torcana.com/real-estate-podcasts.
Wealth Watch Words of Wisdom
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Begin with the end in mind. Use an investment policy statement so that you know where you are headed before you begin looking at properties.
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Don't forget to study markets and sub-markets. Understanding where to locate your investments is key.
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Find a mentor and then find a way to help them. It is a real advantage to have an experienced friend on your side as you move forward.
If you're interested in turnkey properties for your out-of-state investments, choosing the right turnkey provider is critical. Most providers are upfront and honest and there are a few who are not. How do you evaluate turnkey providers and thus avoid the bad apples in the basket?
Join Jared in this episode as he finishes his interview with Michael Zuber, the founder of One Rental at a Time. Michael and Jared discuss a number of topics in this rebroadcast of the second half of Michael's recent show.
Is a real estate hair cut inevitable? Will the real estate market as a whole correct like the stock market? The answer is yes, but the real estate market corrects very differently than a stock market. That is why it is critical to understand individual markets, as with real estate, everything is local.
Join Jared in this episode as he is interviewed by Michael Zuber, the founder of One Rental at a Time. Michael and Jared discuss a number of topics in this rebroadcast of Michael's recent show. Among the topics discussed is the state of the real estate market and what to do about an eventual correction.
With the stock market plunging and erasing years of gains, many real estate investors are asking if bubble markets are a risk now. The quick answer is Yes they are! But how do you spot them? Not all market drops happen nationally like 2008.
In this episode, Jared and Tom talk about how to spot bubble markets and when and how to get out if you are invested in one now!
Wealth Watch Wisdom in this episode:
- Watch 5-year, 1-year, and latest quarter appreciation trends to see if your market is heating up or slowing down.
- Watch inventory level bulges and absorption rates to see corrections coming.
- Need the 80/20 Rule: Get out at 80% and leave 20% for the next guy.
We've all experienced tight inventory. In those times, it's important to have a partner that's willing to work to find alternative ways to source inventory. That way, you can still bring profitable deals to the table.
Today, Tom and Jared tackle the best strategies on how to source off-market properties and find deals even in the hardest times.
Wealth Watch Words of Wisdom
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The party is only over if you stop looking for deals
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Sourcing off-market deals can be a win-win for both investors and sellers
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Wholesale and rent-ready deals can be more profitable for experienced investors than turn-key
Sometimes the best finds are the most overlooked. That's certainly the case with South Bend, Indianna. South Bend is a smaller market with low property prices and decent appreciation, making it a hybrid market where investors can pick up cash flow and equity at the same time.
Today, Tom and Jared discuss the highs and lows of South Bend with guest Steven Kollar. Find out what makes this town special and the best way to invest.
Wealth Watch Words of Wisdom
- South Bend is a diamond in the rough. People overlook Michiana and this means there are still deals to be had
- Currently, many markets are peaking. South Bend allows you to get into a market that is still rising.
- Diversity of economy: government, education, manufacturing, technology
- South Bend has inventory that cash flows. This is not easy to find in other markets.
When you’re just starting to build your real estate portfolio, spending time creating a solid strategy can sometimes be challenging. The question of whether you should use leverage to build your portfolio quickly or avoid the risk of debt and use cash to purchase new properties frequently arises.
On today’s episode, we’re discussing the advantages and risks of using leverage and cash to grow your portfolio, how to mitigate risk when using leverage to purchase new properties, and the importance of finding the right lender when using a self-directed IRA. We also explain the difference between cap rates and cash-on-cash returns, how to calculate each, and how to use your tenant’s monthly payments to pay leveraged mortgages.
“If you use leverage, you’re going to get more return.” - Jared Garfield
In This Episode of ROI Wealth Watch:
- The difference between speculators and investors.
- The importance of finding the right lender when using a self-directed IRA.
- Comparing the advantages and risks when using cash and leverage.
- Mitigating risks when using leverage to grow your portfolio.
- What is Debt Coverage Ratio and the numbers the banks consider when working with property investors.
- What is Cap Rate versus Cash-on-Cash Return and how to calculate each.
Resources Mentioned:
- Gorilla Capital
- Lima One Capital
Wealth Watch Words of Wisdom:
- You can exponentially grow your portfolio by using leverage.
- Be sure to pick the right markets to minimize your risk. Watch your Debt Coverage Ratio to limit the risks of borrowing.
- Know the numbers. Understand how to calculate Cap Rates and Cash-on-Cash Returns and how they compare.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Being a landlord without knowing real estate laws is like being a math teacher without knowing algebra. It's hard to do your job when you don't understand the basic rules.
If you've ever thought about investing in an Alabama market, you should be aware of a few major changes. Today, Tom speaks with Bryan Jenkins, the principal broker of the property management company AHI, to get all the details every Alabama investor needs to know.
“Landlord-tenant laws are a big part of what draws people to invest in Alabama.” –Tom Obenchain
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities.
Being a landlord isn’t always sunshine and rainbows, especially when you’re just starting out. Whether it’s the maintenance costs, paperwork, troublesome tenants, or some mixture of all three, you’re bound to have questions.
Today Tom and Jared speak with the Bryan Jenkins, the principal broker of the property management company AHI, to shed a little light on investor doubts.
Oh, and if you haven’t already, check out last week's podcast, the first part of this topic, for even more insider tips.
In This Episode of ROI Wealth Watch:
- The biggest mistake new landlords make
- The best way to evict tenants who won't pay rent
- The trick to maintaining good relationships with tenants while keeping them in line
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities.
This episode highlights a limited-time opportunity for accredited investors. Currently, the ROI Property Group is looking for investors to join them in investing in 629 acres in Falcon, Colorado, near Colorado Springs.
Interested investors must email admin@roipropertygroup.com to learn how to be part of this deal which will pay 2% per month for 12 months or 24% annually. Minimum investment is $100,000 U.S. dollars.
Download the Offering Memorandum >>>
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode.
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the ROI Turn Key Properties website to view turnkey rental opportunities.
Congratulations, you bought your first property. You spent time researching different markets, analyzing data, and meeting with different turnkey providers to find the best deal. All the hard work is done, right?
The work of investing is over, but now you're a landlord, and that's a whole different ballgame. In the first of this two-part series, Tom and Jared pair up with Bryan Jenkins and David Dobbins of AHI to discuss all the tricks you need to have a smooth first year as a new landlord.
“We spend a little money so we can make more money in the long run.” –Tom Obenchain
In This Episode of ROI Wealth Watch:
- What surprises investors most after buying a new property
- Property management tips for a smooth tenant-landlord relationship
- The behind-the-scenes of property management companies
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities.
Milwaukee isn't always on the forefront of most investors' minds, but that might change soon. It is, after all, a city with only a 2.7% unemployment rate, a number that's still steadily decreasing.
Today, Tom and Jared welcome Pat Jemmings back to discuss Milwaukee's other great features—and how you can use ROI Turn Key's real estate strategies to become a successful investor in whichever city you choose.
“People of the city can be a huge asset to you.” –Jared Garfield
In This Episode of ROI Wealth Watch:
- Why Milwaukee is a great city for investors
- What to look for when thinking about investing in a new city
- How to find your market's niche to make the most money
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities.
What happens when foreclosures dry up and turn-key providers struggle to keep up with demand from investors? First, the providers begin employing different strategies for finding properties. Second, investors need to adjust their expectations to meet the new realities of a shifting market. This means learning to work with providers in new ways, such as putting properties under contract before they are renovated. If you are an investor looking for crumbs you can turn into gold in the rental property market, this is the episode for you.
“Be ready to act fast.” –Tom Obenchain
In This Episode of ROI Wealth Watch:
- How ROI Turn Key's processes are changing to respond to market conditions
- How investors can prepare themselves to act fast in an ever-tightening market so they do't miss the deals that are out there.
- What will be different about buying turn-key properties in a low inventory landscape
- How the reliable rental class of investment properties may be a good choice for may investors
- How to open up communication with the providers you work with to be sure you understand how their processes are similar or different from other providers.
Resources Mentioned in This Episode:
- www.goldsilver.com
Wealth Watch Words of Wisdom:
- Make sure to meet with an ROI Turn Key advisor and complete an investment Policy Statement. Let your advisor know you want to know about new (pre-close) projects. This gets you on the list.
- Be ready to act fast. This means doing your market homework and being confident in the markets you want to be investing in.
- As each Turn Key provider may do things differently, be sure to ask about their policies for making properties available to priority clients. Be sure to give each of us feedback. e best and worst parts of being a landlord in your state of choice
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Every landlord wants control over their properties. The fewer the variables, the less stress. Sadly, that's sometimes easier said than done, especially with strict state legislation that often favors tenants.
In today's podcast, Tom and Jared discuss the five easiest ways to spot a landlord-friendly state so you can invest in areas that give you the most control.
Check out the first of this two-part series, called "7 Things to Expect in States that Favor Tenants."
“Create an environment that is good for your tenants and profitable for you.” –Jared Garfield
In This Episode of ROI Wealth Watch:
In states that favor landlords:
- Fewer requirements on rent increases, property access notices, lease agreements, and security deposit timelines
- Control over your property or investment
- Tenant repairs or ability to withhold rent
- A history of legal decisions favoring landlords in eviction cases
- Lower overall risk due to ability to quickly evict tenants that violate a lease, including not paying rent
- Conservative states tend to be more business-friendly
Resources Mentioned in This Episode:
- Rent Café: Which States Have the Best and Worst Laws for Renters?
Wealth Watch Words of Wisdom:
- When buying an investment property, avoid states with laws that make it tougher for landlords to get a fair shake.
- Choose to be the type of landlord that treats tenants like they live in tenant friendly states. This give you happy tenants plus protection when you need it.
- Ask your property manager to go over the best and worst parts of being a landlord in your state of choice
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Before the typical new investor pulls the trigger on buying their first rental property, they’ll do mountains of research on cap rates, cash-on-cash returns, and market economics. Those are all good things, but an equally important factor tends to get swept under the rug: landlord/tenant legislation.
When choosing where to invest, knowing the legal landscape can make a big difference.
It would take an eternity to delve into each state’s specific laws, so instead Tom and Jared cover the generals. That way, you can be aware of certain trouble areas when you enter tenant-friendly states.
“We don't have to fear laws if we're fair to our tenants.” –Tom Obenchain
In This Episode of ROI Wealth Watch:
In states that favor tenants:
- Landlord access notices can be troublesome
- Tenants can withhold rent if essential services aren't provided
- Tenants can make repairs and withhold the cost from the rent
- Rent increase notices must be given early than necessary
- Extensive remedy periods are required before evictions
- Security deposit amounts and return periods are limited
- Termination notices for leases can vary
Resources Mentioned in This Episode:
- Rent Café: Which States Have the Best and Worst Laws for Renters?
Wealth Watch Words of Wisdom:
- Look at more than just the numbers when choosing a state to invest in. Look at legislation, too.
- Avoid Hatfield-McCoy style conflicts with your tenants.
- However, don't be scared to defend your rights as a landlord when you need to.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Meet Australia's most interesting man: Engelo Rumora, The "Real Estate Dingo!" Engelo dropped out of school at just 14, but that didn't stop him from becoming a professional soccer player at 18—and more importantly, a successful real estate investor before 30. Engelo joins Tom and Jared on today's show to give listeners his best real estate tips and tricks.
"Your net worth is determined by your network.” -Jared Garfield
In This Episode of ROI Wealth Watch:
- The best way to manage your time
- How to network more effectively
- The most impactful trait of successful investments
- How beginning investors can catch up to even their most advanced counterparts
Links Mentioned:
https://engelorumora.com/
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
It can be difficult to find off-market properties the multiple listing services, especially when inventory is down and demand is up. People are trying to get out of the market and take their cash to other investments, and off-market homes can be few and far between.
But that shouldn't stop you from finding the best investments. Today Jared and Tom discuss the pros and cons of the low-tech tools at your disposal, and they delve into efficient high-tech strategies with guests Adam Lefler and Loi Nguyen.
"When the markets start getting tighter, you gotta work a little harder to make the deal happen." - Tom Obenchain
In This Episode of ROI Wealth Watch:
- The best times to use bandit signs and door hangers
- The future of the advertising industry
- The best new tech for real estate investors
Wealth Watch Words of Wisdom:
- As the market heats up, don't be afraid to get creative.
- Sometimes you need to invest money in services that organize demographic data.
- Use Beamer Ads to optimize your marketing efforts.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Mistakes are a part of life. No matter how skilled you are as an investor, you're going to mess up every once in a while. Still, those mistakes don't have to cost you an arm and a leg. That is, so long as you're smart. Today, Tom and Jared cover the five most common mistakes and what you can do to avoid them.
"You learn more from your mistakes than from doing them effectively and right the first time. However, I much prefer to learn from others' mistakes." -Jared Garfield
In This Episode of ROI Wealth Watch:
- How to identify the best timing in market cycles
- Paying too much vs. paying too little for a property
- What to inspect before buying a new property
- The most important things to look for in property management
Wealth Watch Words of Wisdom:
- Be aware of market cycles and get advice from a trusted advisor if you are not sure.
- After choosing a market, spend time getting to know something about the neighborhoods and demographics.
- Don’t skip important due diligence steps. They give you peace of mind and protection
- Be absolutely confident in your property manager.
- Know your investment model and make plans and take action to follow it.
Links Mentioned
https://www.facebook.com/groups/roiwealthwatch/
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
A recent article on zerohedge.com highlighted the gap between the rise in wages and the rise in housing prices. The Millennials are going to find it harder and harder to buy a home in coming years. This means two things. First, there are overheating markets that should be avoided and second that the time for investors to profit from the need for rental properties is going to be around for the foreseeable future.
In This Episode of ROI Wealth Watch:
- Average wages are rising at 2.7%
- Housing prices in 16 of the 20 largest markets grew at least twice as fast or more.
- Rental markets seem to be headed for more strength
- As housing markets begin to overheat, investors must be careful in their investment choices.
Resources Mentioned in This Episode:
- Zerohedge.com Article on the Wage/Housing Gap >>>
- The Atlantic: Millennials: The Mobile and The Stuck >>>
- Business Insider: 6 Reasons Why More Millennials aren't Buying Homes >>>
Wealth Watch Words of Wisdom:
- Look at housing price growth in comparison to wage growth to spot markets that will perform well for investors.
- Look for markets where mobile, creditworthy millennials looking to delay home buying can boost investment advantages.
- Look for the right markets that combine the advantages of good economies with strong rental environments.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Many investors leverage their capital to get more bang for their buck. Today, Jared and Tom talk about a key component in investing: lending tactics. Graham Parham, the Senior Loan Officer at Highlands Residential Mortgage, joins them to give you a guide to investor loans.
In This Episode of ROI Wealth Watch:
- What qualified mortgages mean for the lending community
- The 8 ATR factors that must be considered in underwriting
- New Fannie Mae reserve requirements
- How leverage can help investors
- How credit scores can affect your investing strategy
Resources Mentioned in This Episdoe:
- Download Graham Parham's Free eBook titled "Investor's Loan Guide." >>>
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Milwaukee is the city in Wisconsin that everyone seems to be talking about for investing in rental properties. Anyone who's done much research into the area shouldn't be surprised. After all, it's a great town with low property prices, good rents, and low unemployment.
But what if we told you even more jobs are coming to Milwaukee? Today, Tom Obenchain and Pat Jemmings explain why Milwaukee is the perfect place to invest.
In This Episode of ROI Wealth Watch:
- The newest employer entering the Milwaukee workforce
- The variety of attractions that make Milwaukee's culture so rich
- Milwaukee's investment stats
- The city's bright real estate future
Resources mentioned in this episode:
- Pat Jemming's website is http://thrivehomes.net
Wealth Watch Words of Wisdom:
- MKE is a diamond in the rough. People overlook MKE and this means there are still deals to be had.
- Currently, many markets are peaking. MKE allows you to get into a market that is still rising.
- Diversity of economy: government, education, manufacturing, technology.
- MKE has inventory that cash flows. This is not easy to find in other markets.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Knowledge may be power, but power doesn't always equate to successful investments. The truth is, knowing all the real estate terms and secrets don't do you much good unless you have an action plan, too. That's where investment policy statements come in.
Today, ROI Wealth Watch explains the importance of an investment policy statement and the best way to incorporate it into your investment strategy.
"Have an action plan that will keep you on the right path, even when things get crazy." -Tom Obenchain
In This Episode of ROI Wealth Watch:
- How to earn capital
- When to sell or exchange
- How to incorporate a long-term vision into a five-year plan
- How 1031 exchanges affect investment policies
Wealth Watch Words of Wisdom:
- Don’t cheat yourself out of the advantage of a policy
statement just because you are not working with a
broker - Make sure you look at sources of capital, acquisition
policies, and sell/exchange policies - Seriously consider not selling and only exchanging
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Wealth is, at the best of times, elusive. It's even more difficult to grasp when everyone else knows the best ways to get it but you.
We won't let you be that guy. As a real estate investor, everything comes down to timing. That's why ROI Wealth Watch is sharing the best tips on how to time investments in the absorption market phase. In this final episode on market cycles, Tom and Jared summarize all the key facts about market absorption and explain how to tell the difference from other phases.
“Absorption isn't necessarily an easier time for investors, but you can still make really good money.” –Tom Obenchain
In This Episode of ROI Wealth Watch:
- The tell-tale signs of market absorption
- The websites and other resources you should be tracking
- How to use leverage to your advantage
- The best ways to prepare for market expansion during absorption
Wealth Watch Words of Wisdom:
- The change from late decline to early absorption can
be subtle. Learn to recognize this transition point. - Be ready to do your homework with local business
publications and various website. Early birds and
diligent students both get the worms. - Absorption is a good time to shift more of your
attention to B- and C+ assets - During Absorption, start looking for the next market
headed for decline. - Make sure you have and use an investment policy
statement.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
If expansion, equilibrium, decline, and absorption were a family, equilibrium would be the middle child—the one accidentally ignored until it inexplicably acts out. Decline, on the other hand, would be the youngest because it gets too much attention at the wrong times.
Parents are most successful when they can adjust their tactics to meet every child's specific needs. Unfortunately, that's usually easier said than done. It requires time, research, and hand-tailored strategies for each.
Fortunately, Tom and Jared do just that in today's podcast. They give you the best ways to be successful during equilibrium and decline and the warning signs of future trouble. That way, you can invest in both phases confidently.
"No one puts up a big sign on the highway that says, 'Now entering equilibrium.' We, as investors, have to attune ourselves to that." -Tom Obenchain
In This Episode of ROI Wealth Watch:
- How to recognize equilibrium's sneaky signs
- Three best ways to succeed in equilibrium
- The data that can prevent complacency in the equilibrium phase
- Neighborhood flight and how it can hurt your investments
- Nine steps to make profits during decline
- Why strong local leadership can signal good investment opportunities
Wealth Watch Words of Wisdom:
- Learn to recognize the different phases of the market cycle. The key is learning to know when a market shifts from expansion to equilibrium.
- You have to roll up your sleeves and dig into the data.
- Don’t be the last one out of a market as it shifts from equilibrium to decline.
- Know if the decline in a market is because of local economic obsolescence or larger national trends.
- Don’t shy away from bold moves during the right part of the decline phase (Get a little greedy).
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Promotional music compliments of Audionautix.com
Most investors know the four market phases. The words absorption, expansion, equilibrium, and decline are mentioned all the time. Yet how many actually know each phase's finer details, the info that really matters?
In today's podcast, Jared and Tom cover some of the biggest mistakes new investors make in expansion markets—and more importantly, how to avoid them.
“Real estate investing is a fundamental need.” –Jared Garfield
In This Episode of ROI Wealth Watch:
- Pros and cons of expansion markets
- Expansion red flags and when to get out
- Signs of market expansion
- Large-scale examples of failed investments during different expansion phases
- The cash-on-cash returns and appreciation rates you can expect from expansion markets versus others
Wealth Watch Words of Wisdom:
- Know early expansion from late expansion and the strategies for each.
- Avoid buying in new developments where your investment may be stranded.
- Don’t speculate.
- Don’t expect high cash flow returns and double-digit appreciation.
- Buy in the path of progress.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Promotional music compliments of Audionautix.com
Many new investors get caught up in the hype of the 1% rule. It's easy, after all, to think you'll be guaranteed great cash flow when your rent is at least 1% of the property's investment price.
But finer details make the real difference in investing, and the 1% rule can be relatively useless if you don't use it correctly. Today, Jared and Tom discuss the importance of comparing data from similar properties; that way, the 1% rule stays effective and accurate.
"All things are not equal when you're just looking at the 1% rule.” -Jared Garfield
In This Episode of ROI Wealth Watch:
- The basics of the 1% rule and how it affects investors
- How to know when you're comparing apples to apples instead of apples to oranges
- Why property taxes can make or break an investment
- How to ask property management companies the right questions
- The true solution to the 1% rule's dilemma of inaccuracy
Wealth Watch Words of Wisdom:
- Compare market economics, including property taxes, vacancy rates, and population growth.
- Compare demographics. Make sure crime rates, education levels, vacancy rates, etc. are similar when comparing apples to apples.
- Compare property classes. Consider renovation prices, neighborhood grades, etc.
- Compare property management companies. Ask each company about specific fees and stats.
- It's all about net cash flow. The 1% rule is a great start, but it's not the only think you should think about.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Promotional music compliments of Audionautix.com
What does it take to do a renovation job correctly? Whether you’re renovating a property to flip it and put it back on the market in your local area or looking to invest in a property in another state where it’s not as easy for you to stop by and check the renovation progress, knowing the correct process behind property renovation is critical to understand as a turn-key investor.
Today, Tom explains the realities behind the renovation process. He shares the exact process that the Rich Life Real Estate company uses to renovate the homes they purchase to flip, sell, and add to their portfolio. He also explains the importance of scoping the property before closing on it, things to consider throughout the renovation process, and what to consider when hiring general contractors.
“You need to know what’s involved in the renovation process.” - Tom Obenchain
In This Episode of ROI Wealth Watch:
- The benefits of scoping a property multiple times before closing.
- The importance of proper flooring in your renovation project.
- How the age of an HVAC system can affect your renovation.
- When to renovate a kitchen in a property you are rehabbing vs when to replace it.
- Why linoleum and tile flooring may not be the best choice.
- Appliances to consider upgrading when renovating.
- Factors to consider when evaluating the plumbing system.
- What to consider when renovating a property with electrical problems.
- When to replace the roof.
- When to hire a carpenter.
- The importance of interior and exterior painting
- External renovation factors to consider.
Wealth Watch Words of Wisdom:
- Recognize your strengths and weaknesses. If you don’t like managing renovation projects, turn-key investing may not be for you.
- Be familiar with the renovation process.
- Know the right questions to ask.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
The price of an item is associated with the quality you would expect from it. We shouldn’t expect something we can buy from Walmart to have the quality of something from Saks Fifth Avenue. Likewise, we shouldn’t expect something from Saks Fifth Avenue to have a Walmart price. It’s the same with rental properties: How much you paid for a property will dictate the market you plan to sell it in, and it’s not as easy as putting up an ad on Craigslist.
In this episode, Jared and Tom discuss what they call the Six Levels of Rental Property Renovation. They share their thoughts and ideas as well as explain what we should expect from each level. They also describe their personal stories on how they managed to avoid properties that only looked good on paper as well as properties that would have limited cash flow.
“You're responsible for the reality of where your dreams are going to come from.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- What protects you when buying an investment property?
- What does "Lipstick on a Pig" mean?
- Tips to know when you’re buying a Lipstick on a Pig type of property.
- What is considered a "Quick turn” property.
- What you should expect from a "Basic Turnkey" and a "Top Level Turnkey.”
- Advantages of dealing from a Basic to a Top Level turnkey rental?
- Why Owner Occupants are not advisable for rental investments.
- What is different with "New Constructions" that we should be aware of?
Wealth Watch Words of Wisdom
- Know the reality of your own expectations.
- Decide on your business model.
- Know what is needed to hit your desired renovation level.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
We’re off to another city in Alabama, a town that may not be as red hot as Huntsville but is noted for its stability and cash flow market. Today, we’re going to Montgomery, the Heart of Dixie. Montgomery is a diamond in the ruff when it comes to real estate property inventory and its overall market position is a perfect choice for investors looking to increase their cash flow.
In this episode, Jared and Tom explain what makes Montgomery an overlooked market. They describe the city’s many landmarks, tourist attractions, and its rich history linked to both the Civil War and Civil Rights Movement. They also highlight Montgomery’s small, yet rising property market and why it’s the right kind of market for cash flow investors.
“There's still plenty of inventory in Montgomery, but not a lot of people know about it.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- What makes Montgomery a stable city to invest in.
- Historical facts that made Montgomery a famous tourist spot.
- Companies and other establishments that boost Montgomery's economy.
- The actual housing market numbers in Montgomery.
- Why Montgomery is a cash flow market and not an appreciation market.
- How many days it takes to sell a property in Montgomery.
- The kind of markets that scare investors.
Wealth Watch Words of Wisdom
- Montgomery is overlooked and have plenty of deals for any investor.
- Mini markets are peaking. Montgomery allows you to get into a market that's still rising.
- Montgomery has a diverse economy and this means a stable economy.
- Montgomery has inventory, and that's not easy to find in other markets.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Buying your first house can both be exciting and taxing. On the one hand, you get to finally invest your hard-earned money and apply what you’ve learned in real estate groups and classes, and on the other, you have to be critical in not just the quality of the property but also the neighborhood it resides. One wrong move can set you back for years, and a house of any size is never cheap.
In this episode, we teach you the secrets of buying properties in rather less than ideal communities. We explain the differences between an F and a transitional neighborhood and how to inspect them without actually being there. We also share some of our favorite tools on the web that will provide the necessary information regarding specific neighborhoods as well as make your property hunting much more efficient.
“The problems that go into making an F neighborhood also cause people to avoid living there, unless they have no choice.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- What it means to be stuck in an F neighborhood.
- What you should be looking for in a neighborhood you want to avoid and invest in.
- Why high vacancy rates are not always a bad sign.
- What to be careful of when buying in a transitional neighborhood.
- How foot traffic can indicate crime potential.
- The data and papers you need to properly analyze a property.
Wealth Watch Words of Wisdom:
- Start by checking with the economic development council and main street USA to look where the tax credits and redevelopment dollars are going.
- Get police incident reports when possible.
- If you can't go to the local police department, use online resources to get some information.
- Let the numbers speak. The numbers tell the story of what you are going to experience as an investor.
- Don’t forget to trust your gut. Use the numbers and the other factors that you bring in to make the right decisions.
Resources Mentioned:
- Google Street View
- Trulia
- Next Door
- Family Watchdog
- Neighborhood Scout
- Onboard Navigator
- Best Places
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
In previous episodes, Jared and Tom shared valuable tips and strategies on how to find the best deals as well as how to find the best deals relative within today’s market conditions. But, what happens once you do get a deal? How do you know if that deal will give you a great return of investment?
In this episode, Jared and Tom compare buying properties in different neighborhoods, discuss the numbers involved, and find out which is the better investment. They highlight the use of the Pro Forma and why the numbers indicated aren’t absolute. They also talk with Adam Whitmire, a friend and colleague who specializes in analyzing and crunching numbers. He’s here to explain the different terms investors should familiarize themselves with when it comes to analyzing deals.
“Some properties look good on paper, but don’t perform so well.” – Adam Whitmire
In This Episode of ROI Wealth Watch:
- What is the difference between buying a property in a C+ and A- neighborhood?
- The numbers you should look for in a pro forma and why are they important?
- What should you consider when you go from an A class property to a C class property?
- What does it mean to be logically attached?
- Why do we look for cost per square foot?
- Why we should understand Total Return of Investment
- The three different types of leverage.
- The type of numbers banks like to see.
- What is an Expense Ratio?
- When is a CAPEX reserve important?
- How do you calculate estimated cash flow?
Wealth Watch Words of Wisdom:
- Pay attention to your assumptions. Don't make the same assumptions for a C-class asset that you would for an A-class asset.
- Aim for numbers that are slightly higher than your target.
- Don't get emotionally attached to the property or logically attached just to the numbers.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Everyone is always out to find the best deal from the best market possible. With so many cities and states to choose from, we figured we’d help you out a bit by highlighting one city that’s just about ripe for the picking: Huntsville, Alabama. Huntsville, also known as the Pentagon of the South and Rocket City, is a thriving city with various establishments and buildings from the government, military, and commercial businesses. Its cultural and commercial diversity makes it one of the hottest markets in the United States, but it’s not for investors who take their time.
In this episode, Jared and Tom discuss what makes Huntsville a great place to live and invest in. They share information on what makes it an attractive city to both locals and tourists and highlight some of the sights and sounds of the city. They also explain its business aesthetics and crunch the numbers to further explain why they think this city is red hot right now.
“Moving from a lower tax market to a higher tax market has significant impact.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- What makes Huntsville a great market for real estate investors?
- The companies that make Huntsville so profitable.
- The future of jobs in Huntsville.
- Why the appreciation in Huntsville is something to watch out for investors.
- What does the median sales price say about Huntsville?
- What is the 1% rule?
- What is an affordability ratio and how does Huntsville compare to the national average?
- What to expect from the Huntsville market as an investor.
Wealth Watch Words of Wisdom
- Huntsville is home to a red-hot economy.
- Local beauty and cultural attractions make Huntsville surprisingly attractive.
- The numbers in the Huntsville market make it profitable for investors who strike while the iron is hot.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Cortney Newmans is the Director of Business Development at Lima One Capital, LLC., the premier lender for real estate investors in the United States. He started his real estate career in 2012 at Lima One and in his first two years, he successfully helped the company gain over 70% market share for hard money loans in the Atlanta, Georgia region. Today, Cortney is responsible for overseeing key business development activities, building relationships with industry partners, and providing senior-level management to business development teams.
Cortney joins us today to discuss how real estate investors can overcome various obstacles when applying for property loans. He explains what a non-recourse loan is and how it works with self-directed IRAs. We also discuss asset-based loans, debt-coverage ratios, and the difference between getting a property loan with Lima One compared to a bank loan.
“Do not sit on the sideline. This is the best time to invest.” - Cortney Newmans
In This Episode of ROI Wealth Watch:
- The loans Lima One offers to real estate investors, their interest rates, and the minimum credit score required for each.
- Lima One’s lending programs for completely renovated, turnkey properties.
- The difference between Lima One loans and bank loans.
- How Lima One calculates the Debt Service Coverage Ratio (DSCR) of a property during the qualification process.
- The company’s refinance policy on portfolio loans and what they consider when evaluating your portfolio.
- What is a non-recourse loan and their rates?
Wealth Watch Words of Wisdom:
- There is no personal debt income ratios that are calculated for your buy and hold loans and they are not reported to the credit agencies.
- Use fix and flip loan programs to minimize your down payment.
- You can refinance Fannie Mae property loans into a portfolio loan, taking them off your personal credit report. There is also no limit on the number of loans you can have with Lima One.
Connect with Cortney Newmans:
- Lima One Capital
- Cortney Newmans Website
- (404) 824-6121
- Cortney@LimaOneCapital.com
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Welcome to the first episode of the ROI Wealth Watch podcast with your host, Jared Garfield. On today’s episode, Jared and his co-host, Tom Obenchain, discuss the importance of building passive income and how it can help you live the life you want while also creating an inheritance plan for your family and loved ones.
Jared and his team at Rich Life Real Estate have successfully handled over 1,000 real estate deals across the country, from fix and flips to property investment. He has coached thousands of clients across the United States, including Guy Kiyosaki and his team at Rich Dad, Poor Dad and the teams behind Flip This House and Flipping Vegas.
Tom Obenchain has worked with multiple Fortune 10 companies, specifically in the communications industry. He is extremely talented in tackling various challenging and complex topics and simplifying them into easy-to-understand concepts. Tom is a relatively new real estate investor and he joins the show to help simplify some of the most complex topics regarding real estate investing so you understand the importance of planning ahead as well as the strategies to help you build the life you deserve.
In This Episode of ROI Wealth Watch:
- Jared and Tom’s background in the real estate industry
- How to get away from the mentality of chasing wealth to settling into having it
- How to identify the hottest markets, where you need to invest, and where the market cycle is
- Knowing when to get in - and out - of the market at the right time
- The difference between a professional mindset and a “leisure-class” mindset
- The benefits of investing in assets to build passive income
Real Estate Tips for New Investors:
- Don’t buy “do-dads” with earned income.
- Buy assets and let the cashflow from the assets pay for the toys and lifestyle you want.
- Don’t let highly taxed earned income be your primary source of living.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Everyone has their own unique goals for the new year. Most are likely listing weight loss and quitting smoking as their top priority, while others are listing several countries and places to travel to on their bucket list. In our case today, a new year is an excellent opportunity to prepare for long-term financial freedom. It’s not exactly as exciting as climbing mountains or visiting temples in Asia, but setting up a six-figure passive income for the long-term is anything but boring.
In this episode, Jared and Tom discuss how you can have a six-figure income in one, five, or ten years. They provide different examples depending on the amount of money you have and your timetable and share the formula you need as well as some of the numbers you can use as a reference when you do decide to execute your financial goals.
The power of goal setting is the ability to see the future you want to create and when you believe that it could take place.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- Why the end of the year is the best time to set goals.
- The similarities between weight loss goals and financial planning.
- Scenarios involving a large amount and a little capital.
- The kind of investments you should do per scenario.
- What the numbers look like for one, five, and ten-year investment plans.
Wealth Watch Words of Wisdom
- The basic formula for the goal setting discussed is $3600 free and clear cash flow per property.
- To get all the numbers and to work over a long period of time, hire a professional to help you.
- After you reach your property goal, you can use the cash flow to pay down the principal to boost cash flow even further or by continuing to invest.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Merry Christmas everyone and thank you for taking the time to listen to our show at this time of year! Since it’s Christmas day, we decided to get into the Holiday spirit and create a Christmas episode. No, we won’t be talking about real estate business from a Christmas perspective; we’re going to talk about Christmas and why we see it as one of the best days of the year. We want things to be a little different, and we hope you enjoy this short, but inspiring episode.
In this episode, Jared and Tom share their favorite Christmas traditions. They discuss their favorite movies, books, and how they spend time with their families. They also open up about the real meaning of Christmas, why it’s an opportunity to change for the better, and how Jesus’ birth should inspire us to become better people.
“There's something about Christmas that. if we allow it to, it changes us.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- Their favorite Christmas movies
- How "A Christmas Carol" came to be.
- Why the past and present is not important compared to the future.
- The most important takeaway from Christmas.
- Why we need more faith in our lives.
- Why Jesus is a great inspiration and should be emulated more.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Growing a real estate business sounds easy and exciting and should always be the long-term goal of any company. Sometimes we get caught up with the potential earnings we can make; however, and it can cause us to try to grow as fast as possible. Some companies can get away with it; most don’t and those who don’t often end up wasting resources and time. Jared has an extensive experience overseeing the growth of a large real estate company, and he says sometimes you have to go slow in order to go faster later.
Today’s episode will focus on how to efficiently scale a real estate company. Jared shares what’s it’s like to run a turnkey business, his ups and downs during the past year, and why he insists on carefully filtering who works for your business. He also sheds light on the importance of property management as well as why the excellent companies do advertising differently.
“Sometimes going just fast enough to maintain good control is what helps you win the race in the long run.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- What it’s like to run a turnkey business.
- Jared's successes in 2017 and the adjustments that will be successful in 2018.
- Why Alabama is a great market.
- The challenges he faced in 2017 as a real estate professional.
- The main concern regarding property management for every investor.
- The solutions he came up with to overcome the struggles.
- What large, reputable companies do differently when it comes to advertising.
- What to expect from ROI Wealth Watch in 2018.?
Wealth Watch Words of Wisdom:
- Growth is good, but growing too quickly can lead to challenges in both construction and property management.
- You have to have the right people to be able to grow successfully. They have to care about your business as much as you do.
- You have to inspect or you can't expect.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
There’s a saying: “The bigger the risks, the bigger the rewards,” which explains that nothing great in life comes to anyone who can’t take risks. It’s the same with real estate investments; the bigger you want your business and portfolio to become, the more risks you’ll encounter. That said, you don’t have to let risks ruin your financial dreams.
Today’s episode will highlight the risks every investor should be aware of as well as some of the strategies they can employ to not just reduce risks, but potentially avoid them altogether. We also teach you about some of the tools you have at your disposal when it comes to risk mitigation and discuss the various categories of risks you may encounter in the real estate industry.
“Anything you invest in comes with certain risks and real estate is no exception.” – Tom Obenchain
In This Episode of ROI Wealth Watch:
- Risk mitigation and approaches you can utilize to eliminate, avoid, and lower risks.
- The risks people think about the most
- How screening tenants can reduce risks significantly
- Overcoming fear of vacancy as a risk.
- What it means to make your property "bulletproof"
- Tools you can use to reduce or avoid tenant damage.
- How you can avoid structural obsolescence
- How you can use the U.S. Census to get information about housing.
- What is "absorption"?
- How do you avoid economic obsolescence?
Wealth Watch Words of Wisdom:
- Use gap insurance to lower tenant risks.
- Use a financial vehicle to save cash flow and provide an emergency fund.
- Use 1031 exchanges to pass on CAPEX maintenance to the next investor.
- Target properties that are between 40%-70% of the median home cost.
- Get smart about market cycles.
Resources Mentioned:
- Economic Development Directory
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Ralph Moore and Bryan Jenkins joined us in episode 11 to share their wisdom on the importance of having excellent property management. They discussed the effects of good and bad property management and how it determines the overall profitability of a property. They also shared some of their strategies to guarantee quality services to their clients.
On today’s episode, Ralph and Bryan focus on maintenance and high-risk tenants. Ralph and Bryan discuss the two maintenance categories, how to budget for maintenance, and when you should evict a tenant. They also explore a few high-risk scenarios regarding tenants with bad credit and those who own pets.
“If you look at some of the statistics, an excess of 70% of those who don't renew is because of the maintenance.” – Bryan Jenkins
In This Episode of ROI Wealth Watch:
- The two categories of maintenance.
- Why you should always document any and all maintenance you do on your properties.
- When should you evict your tenants?
- How do you budget for maintenance?
- Why a turnkey property is a better investment than income-producing properties.
- How often are property management companies really inspecting?
- The options you have when you're assuming greater risk.
- Pets and how you can deal with potential tenants who own them.
Wealth Watch Words of Wisdom:
- Maintaining the property, keeping the tenants happy, and having them stay longer will give you better, long-term returns.
- A gap insurance product can be deployed when there's a tenant who's a higher risk.
- When something breaks, tenants shouldn't have to wait a month to get it fixed.
Connect with Ralph Moore and Bryan Jenkins:
- AHI Corporate Housing
- AHI Properties
- Email: bjenkins@ahiproperties.com
- Phone: 888-664-RENT (7368)
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Ralph Moore and Bryan Jenkins represent AHI Corporate Housing, a business that has helped thousands of people purchase of homes away from home and has been doing so for over 20 years. Ralph Moore is President of the AHI Group and is considered a transition planning expert. Bryan Jenkins is a Master Property Manager and is AHI’s Principal Broker. Bryan’s responsibilities include overseeing the operation of three residential property management offices that manage over 900 single family homes.
In this episode, Ralph and Bryan share their wisdom when it comes to property management. They describe the difference between having good and bad property management as well as its effect on the company as a whole. They also teach us some of AHI’s methods and strategies that they still use today to allow them to climb up the business ladder.
“It's our passion to get our staff educated so we can all be much more professional as a team and make ourselves a better company for our clients.” – Bryan Jenkins
In This Episode of ROI Wealth Watch:
- Their company’s standards when it comes to houses and neighbors.
- Why lower income class tenants are difficult to work with and why the middle-income bracket is ideal.
- Their secret for getting so many applications in a short amount of time.
- Their "portal" services and why it helps streamline payments and communication.
- The most important step in property management.
- How their cash flow process works.
- The base fee structure when working with their company.
Wealth Watch Words of Wisdom:
- If you don't have the right property management, it doesn't matter if you have a great investment.
- You can be a real estate agent and not be a realtor.
- Good property management requires good marketing.
Resources Mentioned:
- National Association of Residential Property Managers
Connect with Ralph Moore and Bryan Jenkins:
- AHI Corporate Housing
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Shawn Yesner is an attorney in the Tampa Bay, Florida area and the owner of Yesner Law, a boutique law firm that exists to help clients eliminate financial bullies in their life by providing unique options so their clients can have their dream lifestyles. His areas of practice are Chapter 7 bankruptcy, commercial landlords, and real estate transactions. He is also the host of the podcast Crushing Debt, which covers topics such as partition, short sales, loan modifications, and creditor harassment.
In this episode, Shawn shares his wisdom regarding the many uses and functions of asset protection. He highlights some of the best reasons an investor should get asset protection and whether they should go for an LLC, Land Trusts, or a combination of both. He also provides real-life examples of cases where asset protection was the centerpiece.
“The only thing more expensive than hiring an expert is doing it yourself.” – Shawn Yesner
In This Episode of ROI Wealth Watch:
- What is a boutique law firm?
- How do we protect ourselves from attorneys who target investors?
- The similarities and difference between LLCs and Land Trusts.
- Why would you need anonymity and limited liability?
- The benefits of having an LLC, a Land Trust, or both.
- How soon should investors get asset protection?
- What is a Charging Order?
- Can you have an LLC and a Land Trust at the same time?
- Should you use an attorney to put together a trust?
Wealth Watch Words of Wisdom:
- Never skip liability insurance.
- It's a personal preference to use either an LLC, a Land Trust, or both. What's important is you understand the benefits of each one or their combination.
- Think twice before going on your own when forming legal entities.
Connect with Shawn Yesner:
- Yesner Law
- Crushing Debt Podcast
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
Jeff Parmer is an attorney who specializes in real estate closings. He graduated in Auburn University and went to the University of Alabama for law school. He has always shown his competitiveness in his youth, and it showed when he got accepted to clerk for the Alabama Supreme Court, which is considered a prestigious appointment. Today, he closes anywhere from 2000-3000 transactions per year and has an AV rating on Martindale-Hubbell, the highest rating given by fellow lawyers.
In this episode, Jeff provides answers and clarifications about contracts and gives us reasons why they shouldn’t be feared. He explains the various terms we need to look out for when reviewing and signing contracts, as well as provides sound advice on what buyers should do in any kind of non-satisfaction.
“You want every agreement to be expressed in either a contract or in an addendum to the contract.” – Jeff Parmer
In This Episode of ROI Wealth Watch:
- How contracts can vary from state to state.
- Why Alabama is called the "Buyer Beware" state.
- Typical time frames for due diligence and types of due diligence.
- How do you make sure you're protected in any situation?
- The general condition on getting your earnest money back.
- The information you need to have when it comes to right of redemption.
- What is the "Buyer's estimated costs sheet"? Why is it important?
- The difference between escrow and table funding, and other types of funding.
- What is Title Insurance and why do you need it in real estate investing?
- Tips on what a buyer should always consider.
Wealth Watch Words of Wisdom:
- Using a title attorney is a cost-effective means of limiting and mitigating any legal risks of real estate investing.
- Don't fear out of state closings. Understand the process and get ahead of it.
- Use title insurance to protect your assets. It's an inexpensive way to be sure surprises are avoided.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
In the previous episode, Jared and Tom dissected what comprises a good deal. They put the spotlight on the pro forma and interpreted all of the data it provides. They also spoke with their colleague Adam Whitmire to help shed light on what it means to buy properties between an A- and C+ neighborhood. But, how exactly should you make the offer?
In this episode, Jared and Tom discuss the ins and outs of a deal and explain why it’s more than just suggesting a random price tag. They also share their insights on the psychology of low-balling, the kind of numbers you need to make an offer look good, and suggest tips and ideas on creating a good offer package.
“If it doesn't meet your investment objectives from a turn-key standpoint, you just don't buy it.” – Jared Garfield
In This Episode of ROI Wealth Watch:
- Contrasting the individual buyers and the turn-key provider.
- Why research is critical when making a lowball offer.
- What do investment buyers do differently when it comes lowballing?
- The steps in making the right offer.
- What's inside an offer package?
- The numbers you need to analyze a deal.
- The advantages of having a turn-key provider and the kind you want to work with.
- The importance of having boots on the ground.
- The effect of showing an offer package to the seller.
Wealth Watch Words of Wisdom:
- Be ready to do the work. You have to have the data to make a professional offer.
- Your cover letter is critical. It explains your business reasoning in a polite way.
- Help the listing agent be your ally. Give them the data they need to go back and talk to their client.
- Your strategy is going to change depending on the phase of the market cycle.
Resources Mentioned:
- Homefolio
- MLS
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
In previous episodes, Jared and Tom shared valuable tips and strategies on how to find the best real estate investing markets nationwide as well as how to find the best sub-markets within those broad markets. But, finding the best markets to invest your hard-earned money into is only half the battle!
On today’s episode, Jared and Tom break down the strategies you need to know to help you find the best investment deals within various sub-markets across the country. They discuss the importance of using tools to verify and gain confidence in the deals you are making, how to determine whether you should work with a turnkey provider or work your investments solo, and how to identify a reputable turnkey provider.
“Best deals are relative. You have to get the very best deal within today’s market conditions.” - Jared Garfield
In This Episode of ROI Wealth Watch:
- Mitigating risks when investing in an out-of-state market
- How to determine which markets are “hot” and which are a buyer’s market
- When - and how - you should look for off-market properties
- Marketing strategies for off-market property investing
- Working with a real estate investment property expert vs a real estate agent
- Using tools to help validate various deals from turnkey providers
- Red flags to watch for when working with other providers
Wealth Watch Words of Wisdom:
- Make sure you are working with an agent that specializes in investment properties.
- When investing outside your local market, find a provider to partner with.
- Learn to use the online tools available to you to verify and gain confidence in the deals you are making.
Resources Mentioned:
- MLS
- Zillow
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
In the previous episode of the ROI Wealth Watch podcast, Jared and Tom explained how you can identify some of the best, broad real estate markets across the country. On today’s episode, the guys are breaking things down even further and explaining how to identify and select the right sub-markets for your investment and ROI goals.
They explain how to properly evaluate key metrics such as crime rate by zip code and how these zip code demographics can sometimes skew the crime rate statistics. They also explain the differences between an A-grade, B-grade, and C-grade property and neighborhood and why it’s important to always verify these grades before deciding to invest.
Rent is a barometer of what you can expect from your tenants.” - Jared Garfield
In This Episode of ROI Wealth Watch:
- Key metrics you should review when investing in a real estate sub-market
- Understanding investment property price, median rental price, and median incomes and how they affect a neighborhood’s grade
- Understanding ownership vacancy, public schools and colleges, and crime rates and how they affect a neighborhood’s grade
- When to realistically expect the 1% rule to apply
- The correlation between high income and high owner occupancy rates
- Comparing the rental markets with the home ownership markets
- Why high vacancy rates aren’t necessarily a market red flag
- How sub-market education rates can affect your investment
Wealth Watch Words of Wisdom:
- Property price is the biggest indicator of area grade.
- Cash is King: Rental prices $800 or more will generally help attract better tenants.
- Commercial areas can help you identify the true nature of the area’s grade.
- Owner occupancy strongly correlates to pride of ownership.
- Trust, but verify. Take the time to learn and properly compare areas and neighborhoods to verify area grades.
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
As a new real estate investor, it is critical to know how to pick the best markets that will give you the highest returns on your investment. But many new, as well as veteran investors often turn to outdated market research and information published on the internet and in books.
On today’s episode, Jared and Tom dive into the do’s and don’ts of selecting the right markets for your investments. They explain what factors you should consider when picking a market to invest in, the effects of relying on old data to make investing decisions, and why it’s important to compare apples to apples while investing in real estate.
“More important than return on investment is return OF investment.” - Jared Garfield
In This Episode of ROI Wealth Watch:
- Why deciding what type of investor you are Is important when picking the best market for your investments
- How identifying the median foreclosure price can help you choose the right market
- What is the Affordability Ratio and how can it help you make smart investing decisions?
- Using the median age and median rent rates as a guide to choosing a market
- Factors to consider when choosing a market to invest in
- What to consider when looking at a market’s financials
- How market demographics can make or break a seemingly good investment
- Why you should keep an eye on economic changes and job growth statistics in a market you’re considering investing in
Wealth Watch Words of Wisdom:
- Understand market cycles and where the market is in that cycle.
- Buy during Sell during expansion.
- Look for job growth economies.
- Remember the power of demographics.
- Understand the impact of inventory, age, and property tax.
Resources Mentioned:
- EcoDev Directory
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
In an economy where the stock market is constantly climbing and dropping, many retirees are struggling to live on their retirement savings, and many more young adults’ future retirement savings may be at risk, it is critical to keep an open mind and evaluate your options when planning for your retirement. On today’s episode, Jared and Tom discuss the pros and cons of investing in 401K plans verses real estate investments.
Jared and Tom also talk with financial expert, Brad Bennett, a personal financial strategist at Prosperity Economics Group. Brad is a land developer, real estate veteran, and a former Rich Dad, Poor Dad coach and he joins Jared and Tom to discuss the tax margin rates of your 401K and retirement plans, the importance of diversifying your investments for retirement, and how to structure your real estate investments so that your tenant’s grow your portfolio, provide additional benefits, and help you reach your estate planning goals.
“The IRS doesn’t value your time. They only value your money.” - Brad Bennett
In This Episode of ROI Wealth Watch:
- The benefits of a 401K investment strategy
- The tax advantages and disadvantages of a 401K plan verses real estate investing
- The pros and cons of company matching 401K programs
- Capital gain rates vs income tax rates on your 401K plans
- How banks help real estate investors make good investment decisions
- The difference between the stock market, 401K plan, and real estate predictability
- Security and stability of mutual funds vs real estate investments
- The impact of Social Security and 401K taxes on your retirement plans
- The importance of diversifying your retirement plan strategy
- The importance of being in a tax-advantaged retirement plan
- Where to park your cashflow off the tax grid
- Making compounding interest work for you
- Leveraging your tenants
- Taxes and penalties associated with borrowing and taking loans against your 401K policy
Words of Wisdom from Jared & Tom:
- Use leverage to grow your money on a 4:1 ratio instead of a 1:1 ratio
- Make sure your tenants start buying rental properties for you
- Invest cashflow to provide tax-free growth, tax-free retirement, and robust emergency fund and insurance
- Take advantage of huge real estate tax benefits that the tax code has written to give advantages to real estate investors
- Avoid the stress of the stock market’s volatility
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.