EP185: What's Going on with the Current Market? - Interview with Brian Kline

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This episode of Investing in Real Estate is brought to you by ZipRecruiter. With ZipRecruiter, you can post your job to 100+ job sites with just one click. Visit ZipRecruiter.com/investing to post your jobs for free!

The real estate market is always changing, and savvy investors always stay up to date on market conditions. On today’s show, I’m sitting down with longtime real estate investor and writer, Brian Kline!

Brian has been in the real estate investing game since before the housing crisis, and on today’s show he’s sharing his perspective on the current market. Brian is also sharing his biggest takeaway from the 2008 crash, how today’s market is different from a decade ago, and how you can stay informed about market trends. Brian has so much insight to offer; you won’t want to miss this episode of Investing in Real Estate!

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Brian Kline explains that one of the biggest takeaways he gleaned from the 2008 market crash is that real estate is a cyclical business. Just before the crash, many investors and homebuyers believed that there was no cap. But as we saw in 2008, real estate bubbles eventually burst.

Although the market today looks similar to the market a decade ago, Brian describes that there are some major differences. He posits that the market today is tighter; it is much more difficult to qualify for a mortgage.

No longer can investors go to the bank and quickly wrack up mortgages. He explains that for investors, creative financing is more important than ever before. Additionally, there is a vast amount of private financing available at this time.

Brian is constantly watching the current trends of the real estate business, and he regularly shares his contributions on Realty Biz News. On today’s show, Brian is sharing his insight into the future of the real estate market. We’ll talk about Millennials, Dodd Frank, and creative financing. Brian is also sharing his advice for first time investors, and how to choose a rental market. Don’t miss episode 185 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:
What does Brian consider as the best niche for new investors?
What is the current average vacancy rate?
What are Millennials looking for in homes?
What is Brian’s prediction for changes in Dodd Frank?
What is a mortgage solution formula?
And much more!

Episode Resources
ZipRecruiter
How to Pay Little or No Taxes on Your Real Estate Investments by Brian Kline
How to Read and Understand Financial Statements When You Don’t Know What You Are Looking At by Brian Kline
Realty Biz News articles by Brian Kline  
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Brian Kline
Email
Twitter
LinkedIn

EP184: How to Choose and Use Business Bank Accounts

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If you run your real estate venture like a business, you’ll want to utilize a business bank account. But not all business bank accounts are created equal! It’s important to not only find the most cost effective solution, but also the account that fits your specific business’ needs.

On this episode of Investing in Real Estate, Natali and I are discussing how to find the right business account, and how to use it appropriately! We’ll share our personal experience with using both big banks and local banks. We’ll discuss the mistakes we’ve made, how you can get your accounts in order, and much more!

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Admittedly, we’ve opened a lot of different business bank accounts throughout our real estate career. If you aren’t used to running a business, this is an expertise that must be learned. It’s important to choose a specific business account, and not one that is intended for personal use.

When we opened our very first business account, we went to Bank of America, simply because that’s where we already banked. However, at that time, BOA charged $35 every month for that account. Remember, every single expense in your business comes out of your ROI, so we had to shop around.

Eventually, we found a no fee business checking account with a local bank. We have found that more often than not, you will have better options with a local bank. We always suggest shopping around, and the site Bankrate can help you find what meets your needs.

On today’s show, we’ll share why we still have business accounts with three different banks, and how we utilize each of them. We’ll talk about the importance of a no fee account, as well as finding an account without balance requirements. If you’ve ever wondered about setting up banking accounts for your real estate business, this episode is for you! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

On this episode you’ll learn:

  • How can you determine if you should use a credit or debit card for your business expenses?
  • What should you expect to pay a bank for a wire transfer?
  • What should you look for when shopping for checks?
  • What are the two big mistakes we made when we first started using business accounts?
  • What should you do if you accidentally use your business account for a personal expense?
  • And much more!

Episode Resources
NeatReceipts
Bankrate
Tax-Free Wealth by Tom Wheelwright
How to Pay Off Your Mortgage in 5 Years by Clayton and Natali Morris
EP169: How to Set Up Profit First for Real Estate Investing – Interview with Mike Michalowicz
ProVision Wealth Strategists
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

 

 

If you have a business, you’ll want a business bank account. But not all business bank accounts are created equal! It’s important to not only find the most cost effective solution, but also the account that fits your specific business’ needs.

EP183: Why Warren Buffett is Excited About Real Estate Investing

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Book a call with our team: https://goo.gl/dezwHT

If there’s one investor you should know about, it’s Warren Buffett! Buffett is a multi-billionaire, one of the smartest investors of all time, and the owner of Berkshire Hathaway. One of the many redeeming qualities about Buffett’s investment strategy is that he never invests in anything he doesn’t understand.

But recently, Buffett has educated himself on the real estate market, and he has shifted his overall strategy. On this episode of Investing in Real Estate, I’m discussing Warren Buffett’s recent moves into the real estate market. I’ll discuss his purchases, and what they mean for the outlook of the market. Don’t miss episode 183 of Investing in Real Estate!

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In the past few weeks, the big news item in the investing sector is that Warren Buffett’s company, Berkshire Hathaway, has invested nearly $400 million dollars into an investment company. Because Buffett is such a smart and safe investor, this particular deal was a few years in the making.

He and his team took three years to study and analyze the holdings. They went to meetings and thoroughly educated themselves before ultimately purchasing stake in real estate investment trust, Store Capital.

Buffett’s company invested $377 million in Store Capital, which regulates single-tenant properties. Buffett has announced that he’s excited about the real estate market. Here in the US, we’re seeing appreciation, stability, and long-term growth. Actually, Buffett thought that real estate was undervalued in his portfolio, which is why he initiated this large, profitable deal with Store Capital.

On today’s show, I’ll discuss more details from the Berkshire Hathaway real estate purchase. I’ll talk about what Buffett getting excited about real estate investing means for you, and how to take advantage of current market conditions. Please join me on this episode of Investing in Real Estate! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • In how many states does Warren Buffet own real estate investments?
  • What is the state of the worldwide economy?
  • What is happening in the Chinese bond market?
  • What is Buffett’s stance on new home construction?
  • And much more!

Episode Resources
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Recently, Warren Buffett has educated himself on the real estate market, and he has shifted his overall strategy. On this episode of Investing in Real Estate, I’m discussing his recent moves into the real estate market.

EP182: How to Use Cash Value Whole Life Insurance to Buy Real Estate - Interview with Jimmy Vreeland and Bob Scott

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This episode is brought to you by Thumbtack. Visit thumbtack.com to find pros in over 1000 categories to help with your project.

The Infinite Banking Concept allows individuals to create their own banking system using a life insurance policy. This is an excellent strategy for acquiring real estate investments, due to the ease of access to capital, and the ability to invest without restrictions. This method is not at risk to market volatility, and the payback structure is flexible.

Today’s guests have built their vast real estate portfolio by using cash value whole life insurance. Jimmy Vreeland and Bob Scott have partnered together to build a portfolio of over 120 investment properties. Jimmy and Bob are here to share their experience with purchasing real estate from insurance policies, and why they structure their real estate business around lease options. Don’t miss this episode of Investing in Real Estate!

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When Jimmy Vreeland and Bob Scott heard M.C. Laubscher discuss the Infinite Banking Concept, their interest piqued. The pair reached out to M.C. and picked his brain about how to get involved with cash value whole life insurance.

Using cash value whole life insurance as a personal bank gives the consumer direct access to liquidity. The funds in the account are not at risk to the banking system or market volatility. Additionally, all funds in the account can be accessed quickly.

Another benefit to this strategy is that the pay back terms can be scheduled in a myriad of ways. The policyholder is in complete control. The funds can be paid back monthly, quarterly, annually, or even deferred until death!

Jimmy and Bob posit that using this strategy has completely changed their investing journey. Now, they own over 120 investment properties together in St. Louis. All of their properties are lease option houses, which mitigates their liability of rehabs, and helps them find individuals who are more qualified than a traditional tenant.

On today’s show, Jimmy and Bob are sharing more details about their investing strategy. We’ll talk about how they structure their deals, and why more people don’t use cash value whole life insurance to buy real estate. It’s all here on episode 182 of Investing in Real Estate! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • How much of your insurance policy can you access?
  • How long does it take to access capital?
  • What is the death benefit?
  • Are their restrictions to what the funds can be used for?
  • What are the benefits to offering lease options?
  • And much more!

Episode Resources
Thumbtack
EP122: How to Build Wealth Outside of Wall Street – Interview with M.C. Laubscher
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Jimmy Vreeland and Bob Scott
Website
YouTube

The Infinite Banking Concept allows individuals to create their own banking system using a life insurance policy.

EP181: How to Pay Off Your Mortgage in 5 Years or Less

Book a call with our team: https://goo.gl/dezwHT

What would your life be like if you had no mortgage? Would you accelerate your investing strategy, pay off debt, or take more family vacations? A few years ago, Natali and I discovered an incredible means to pay off our primary residence. Now we utilize this strategy consistently in order to meet our ultimate goal: purchasing more buy and hold real estate.

On today’s episode of Investing in Real Estate, we’re sharing the proven system you can use to pay off your mortgage in just a few short years. We’ll discuss the step-by-step system that can help you save hundreds of thousands of dollars in interest payments. We’ll share the importance of dedication, and why banks don’t want you to know about this strategy!

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Have you ever thought about using a HELOC to pay off your primary mortgage? When I first discovered this strategy, I was fascinated, and decided to put it to the test. With enough discipline, I discovered how quickly and effectively it works.

Using a HELOC, or home equity line of credit, to pay off your mortgage is a way to create equity in your primary home. Doing so allows you to pay down your balance quickly. More importantly, it allows us to leverage our funds in order to purchase cash flowing real estate.

The reason this works is because the loan on your house is amortized, meaning the value of the home is gradually paid off. Typically on a mortgage, you’re paying off the interest for the first years of the loan. Principle is not paid off until later.

But if you’re able to put a large amount of funds from a HELOC toward your mortgage, you can designate that money to go specifically toward your principle balance. Then going forward, a larger percentage of your monthly payment can be applied toward principle, instead of primarily interest.

So instead of paying off your mortgage in 15 or 30 years, you’re able to do so in less than five! On today’s show, we’ll map our all the details of this strategy. We’ll talk about utilizing your HELOC as a checking account, and running the numbers of your amortization schedule. Please join us for episode 181 of Investing in Real Estate!

If you want to learn more about this payoff strategy, we’d love to share our new book with you! It just launched on Amazon, and you can pick up either the Kindle or paperback version. We wanted to share this to help you free yourself from the dead weight of your mortgage so that you can enjoy your monthly income however the heck you want to! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn:

  • How does an amortization schedule work?
  • How can you use your HELOC as a checking account?
  • Why is it important to designate your payments toward principle?
  • Typically, how much can you take out of a HELOC?
  • And much more!

Episode Resources
How to Pay Off Your Mortgage in 5 Years by Clayton and Natali Morris
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook 

What would your life be like if you had no mortgage? Would you accelerate your investing strategy, pay off debt, or take more family vacations? We discovered an incredible means to pay off our primary residence. Now we utilize this strategy consistently in order to meet our ultimate goal: purchasing more buy and hold real estate.

EP180: The Worst Crash in Our Lifetime is Coming

Book a call with our team: https://goo.gl/dezwHT

Many financial experts are forecasting an impending economic crash. Most recently, I saw an interview in which legendary investor Jim Rogers predicted the worst crash in our lifetime, coming either this year or next year.

On this episode of Investing in Real Estate, I’m elaborating on what the imminent crash means for real estate investors. I’ll discuss how successful investors are repositioning their money in the market, and explain how current market conditions differ from the last crash. Please join me on episode 180 of Investing in Real Estate!

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In a recent interview, businessman and financial commentator Jim Rogers predicted that either later this year or next year, we should expect to see a devastating economic collapse. He explained that many investors should be worried, and he elaborated on the conditions of the stock market.

He explained that typically in the United States, we see financial problems every four to seven years. It’s been over eight years since the last crash, which Rogers posits is the second longest stretch in recorded history! 

However, I noticed that he failed to mention something in his prediction—real estate! That’s because if you invest wisely, real estate investments are largely protected from economic turmoil.

In fact, even Warren Buffett recently began putting his money into real estate. In his overall investing strategy, real estate recently skyrocketed from 2% to 10% of his portfolio. It speaks volumes when business magnates see the worth in real estate investing! 

On today’s show, you’ll hear the exact clip from the Jim Rogers interview. I’ll talk about current market conditions, and what to expect moving forward. Don’t miss episode 180!  

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

On this episode you’ll learn:

  • Historically speaking, why is it the right timing for an economic crash?
  • How does Jim Rogers predict the Federal Reserve will react to the crash?
  • What can we glean from Warren Buffett’s recent financial decisions?
  • How are current bubbles different from 2008?
  • And much more!

Episode Resources
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Many financial experts are forecasting an impending economic crash. Most recently, I saw an interview in which legendary investor Jim Rogers predicted the worst crash in our lifetime, coming either this year or next year.

EP179: The 5 Elements of Raising Money for Real Estate - Interview with Victor Menasce

Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is brought to you by ZipRecruiter. With ZipRecruiter, you can post your job to 100+ job sites with just one click. Visit ZipRecruiter.com/investing to post your jobs for free!

For many real estate investors, private financing is the key to success. However, if you’ve never raised money before, the process can seem intimidating. For today’s show, we’re bringing in a capital-raising expert!

On this episode of Investing in Real Estate, I’m interviewing Victor Menasce. Victor is a trusted real estate investment expert, developer, and author of the compelling book, Magnetic Capital. He’s here to share the five elements of how to raise capital. Victor has raised more than $300 million for ventures, corporate buyouts, and real estate projects; you won’t want to miss his insights!

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In his experience of raising over $300 million in funding, Victor Menasce has learned exactly what it takes to put together a successful deal. In his book, Magnetic Capital, he outlines the five elements of raising money.

The first element for raising capital lies in cultivating strong relationships. Victor explains that most people will not lend their hard-earned money to just anyone. He recommends building strong relationships in business in order to make the private money partnership effortless.

Victor explains that trust is another vital element in raising money. Both parties must have an alignment of intention, and have the same goals. Trust consists of a whole series of concepts, including trust to execute on a plan and trust to meet commitments.

The third element is results. Most lenders want to see a proven track record. For a new investor, Victor recommends teaming up with a partner who has experience in order to gain knowledge.

The deal also needs to be a compelling opportunity. Victor posits that a great deal will always get funded, so working with mentors is important when selecting deals.

Additionally, alignment is important. Victor explains that all goals must align. Some investors are particular about how long their money is tied up, so it’s important that the goals for the money and the goals for the project are a match.

On today’s show, Victor is sharing even more valuable information about raising private money. You’ll learn about how he got started raising money, and how to get in the right mindset in order to approach lenders. You’ll learn about how to begin raising capital, and what to look for in a private money partnership. Don’t miss episode 170 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • What is the rule of three?
  • What is the cutoff for residential underwriting rules?
  • What is the importance of a natural relationship progression in business?
  • How do you build trust in business relationships?
  • How can you take the pressure off when approaching a lender?
  • And much more!

Episode Resources
ZipRecruiter
Magnetic Capital by Victor Menasce
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Victor Menasce
Website
Facebook
Twitter
LinkedIn

For many real estate investors, private financing is the key to success. However, if you’ve never raised money before, the process can seem intimidating. For today’s show, we’re bringing in a capital-raising expert!