Mistakes to Avoid When Holding Paper with Mark Ross - Episode 524

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Today’s episode is sponsored by Vistaprint! For small business owners, being plugged in and prepared when an opportunity comes up is crucial. Those moments happen all the time… they’re happening now. And having a business card that shows how professional you are in your pocket, ready to hand out, is the first step to making something happen. Vistaprint wants you to be able to “Own the Now” in any situation, which is why our listeners will get free shipping on all business cards, any style, any quantity. Just go to Vistaprint.com and enter promo code INVESTING2 for free shipping on all business cards, any style, any quantity. Limited time offer.

Physical rental properties are not the only performing asset that can help you build wealth. Holding paper, also known as seller financing, is a smart way to diversify, bring in cash flow, and create financial freedom. And on the other hand, if you’re looking to acquire real estate, owner financing can be a smart way to make a purchase.

Today’s guest, Mark Ross, is the CEO at Good Steward Lending Services, a company that provides solutions to buy, sell, and lend against notes. On today’s show, Mark is starting the ins and outs of holding paper, including the subtleties of the Dodd Frank law, the benefits of owner financing, and how to create a deal that is beneficial for all involved parties. Don’t miss episode 524 of Investing in Real Estate!

On this episode you’ll learn:

  • How owner financing can benefit the buyer and the seller.

  • What the RMLO strategy is.

  • The types of transactions Good Steward Lending Services offers.

  • Why holding paper is so marketable, and the power of negotiation.

  • What you need to know about Dodd Frank.

  • And much more!

Episode Resources
Vistaprint
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Connect with Mark Ross
Website
LinkedIn

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.

When Will I Make My Money Back? - Episode 523

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This episode is sponsored by Zapier! Growing a business is hard, especially when you're wasting hours every day moving data from emails to spreadsheets to your CRM to wherever. Shouldn't that kind of stuff just happen, without you lifting a finger? Zapier can help. Zapier is the easiest way to automate your work. It connects all your business software and handles work for you, so you can focus on the things that matter most. Right now through November, try Zapier free by going to our special link, zapier.com/investing.

A lot of new investors often wonder how long it will take them to make back their initial investment on a rental property. However, this is the wrong question to ask. When you become a real estate investor, you’ll want to start thinking of your money as streams of cash, not piles of cash.

On today’s show, we’re walking you through a real life example from one of our listeners. You’ll hear exact numbers, ROI, and how to start asking the right questions when it comes to your investments. Please join us for episode 523 of Investing in Real Estate!

On this episode you’ll learn:

  • How to see the big picture when it comes to your investments.

  • The difference between a golden goose and a golden egg.

  • The truth about having a savings account.

  • Why appraisals don’t matter as much as you might think.

  • How to calculate your return on investment.

  • And more!

Episode Resources
Zapier
Savers are Losers
Financial Freedom Academy
How to Calculate ROI on an Investment
4 Ways to Make Money in Real Estate Investing
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

How to Escape the Rat Race: Clayton's Interview on the Rich Dad Radio Show - Episode 522

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This episode of Investing in Real Estate is sponsored by Pitney Bowes! Shipping and mailing from your desk has never been simpler than with SendPro Online from Pitney Bowes. With SendPro Online from Pitney Bowes, it’s just click, send, and save for as low as $4.99 (four dollars and 99 cents) a month. Send envelopes, flats, and packages right from your desk and you are back to business in no time. And for being an Investing in Real Estate listener, you’ll receive a FREE 30-day trial to get started and a FREE 10-pound scale to ensure that you never overpay. Go to pb.com/clayton to redeem this special offer!

What is it like to replace your paycheck with passive income, live financially free, and escape the rat race? This episode is my interview with Robert Kiyosaki on the Rich Dad Radio Show—recorded shortly after I retired from broadcast television thanks to real estate investing.

In this interview, you’ll learn about reverse engineering your expenses, how to allow money to flow through you, and my journey to becoming a real estate investor. Please enjoy my interview with Robert and Kim Kiyosaki, and Ken McElroy!

On this episode you’ll learn:

  • How to overcome fears about money.

  • Why relying on a transactional job is not sustainable.

  • The importance of finding creative ways to finance your deals.

  • How humility can help you learn and grow.

  • The importance of setting a goal in real estate investing.

  • How I started my investing career.

  • And more!

Episode Resources
Pitney Bowes
Rich Dad Radio Show
The Rich Dad Channel
MC Companies
Books by Ken McElroy
Cashflow Game
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

Becoming a DIY Landlord with Ryan Coon - Episode 521

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Book a call with our team: https://goo.gl/qr6iat

If you’re a DIY landlord, you know how stressful and unorganized it feels to manage multiple spreadsheets, field phone calls and maintenance requests, and everything else that goes along with the rental business. But managing your rental properties doesn’t have to be difficult—as long as you put the right systems in place.

On today’s show, Ryan Coon, the co-founder and CEO of Avail Landlord Software joins us to talk about simplifying your real estate business. Avail is a software that helps landlords list properties, screen prospective tenants, collect payments, and manage maintenance requests, all in one place! In this episode, you’ll learn about the benefits of using a landlord software program, and how Avail can help you become a more efficient, profitable landlord!

On this episode you’ll learn:

  • How Ryan identified a need in the rental marketplace.

  • The two main problems with not having software and systems in place.

  • What is included in Avail’s platform.

  • How landlord software can help you make more money.

  • What it means to be a DIY landlord.

  • The biggest mistake that DIY landlords make.

  • The importance of delivering great customer service to your tenants.

  • And more!

Episode Resources
One Rental at a Time With Michael Zuber - Episode 470
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Ryan Coon
Get Started with Avail
Avail Website
Twitter
LinkedIn

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.

Behind the Scenes of a Renovation: Part 4 - Episode 520

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Book a call with our team: https://goo.gl/qr6iat

This episode of Investing in Real Estate is sponsored by Pitney Bowes! Shipping and mailing from your desk has never been simpler than with SendPro Online from Pitney Bowes. With SendPro Online from Pitney Bowes, it’s just click, send, and save for as low as $4.99 (four dollars and 99 cents) a month. Send envelopes, flats, and packages right from your desk and you are back to business in no time. And for being an Investing in Real Estate listener, you’ll receive a FREE 30-day trial to get started and a FREE 10-pound scale to ensure that you never overpay. Go to pb.com/clayton to redeem this special offer!

In part 4 of our Behind the Scenes of a Renovation Series, I'm taking you back to my rental properties to get an update on the rehab process! At this point, the properties are almost tenant ready!

I'm excited to show you everything that has been fixed and completed! You'll also get a glimpse at a few minor touchups that are impending. We'll talk about the timeline, take a look at the new windows, and more! If you've been following this series, you won't want to miss part 4!

Episode Resources
Pitney Bowes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

Get Rich Quick Doesn't Exist - Episode 519

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Book a call with our team: https://goo.gl/qr6iat

This episode of Investing in Real Estate is sponsored by ZipRecruiter! ZipRecruiter doesn’t depend on candidates finding you. It finds them for you. Its technology identifies people with the right experience and invites them to apply to your job. So you get qualified candidates fast. See why ZipRecruiter is effective for businesses of all sizes. Try ZipRecruiter FOR FREE at ziprecruiter.com/investing.

Many people are looking for a strategy to help them get rich quick. But the truth is, wealth building is a slow and steady process that involves a lot of patience and persistence.

On this episode of Investing in Real Estate, you’ll learn a realistic and sustainable strategy you can use to get rich, over time. You’ll learn about starting from where you are, how to be intentional and creative, and why you should welcome slow and steady wealth building.

On this episode you’ll learn:

  • Why a slow and steady approach is necessary for building wealth.

  • How to finance your first investment.

  • My personal story with slow wealth building.

  • How to use non-recourse financing to get started.

  • The importance of being intentional in your acquisitions.

  • And more!

Episode Resources
ZipRecruiter
From Zero to 22 Rental Properties with FFA Member Drew
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

From Zero to 22 Rental Properties in One Year with FFA Member Drew - Episode 518

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Book a call with our team: https://goo.gl/qr6iat

Today’s episode is sponsored by Peloton! Can’t find a workout that keeps you engaged? Peloton is an immersive cardio experience with real-time features that will always keep you coming back. One subscription is all you need to get unlimited classes for the entire family. No commute. No reservations. Peloton is offering our listeners a limited-time offer. Get $100 off accessories when you purchase the Peloton Bike, and get a great cardio workout at home. Go to onepeloton.com and use promo code INVESTING to get started.

Oftentimes, the hardest part of building wealth can be changing your mindset. Many of us have been indoctrinated with false ideas about saving for retirement, the morality of debt, and what it means to purchase your primary residence. But once you can start questioning those ideas and beliefs, you can begin to identify what is true for you, and lay out your own path to financial freedom.

Today’s guest, Financial Freedom Academy member Drew, is living proof! While completing the Financial Freedom Academy, Drew and his wife were able to shift their mindsets, get clear about their goals, and purchase 22 rental properties in just one year! On this episode, Drew is sharing his experience as an FFA student, what it’s like to become a successful real estate investor, and his goals for his family business!

On this episode you’ll learn:

  • Drew’s prior experience with a balance sheet.

  • How Drew and his wife stepped away from the Dave Ramsey paradigm.

  • Drew’s biggest takeaways from the Financial Freedom Academy.

  • The importance of tax planning for building wealth.

  • Drew’s personal and business goals.

  • And much more!

Episode Resources
Peloton
Financial Freedom Academy
Understanding Passive Loss with Tom Wheelwright
How to Pay No Taxes with Tom Wheelwright
WealthAbility
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.