EP381: 6 Expensive Home Repairs That ARE Worth the Money

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Deciding how to allocate funds on a rental property renovation can be tricky. It’s important to create a safe and solid home for your tenant, but you also don’t want to make extraneous upgrades that don’t pay off.

On this episode of Investing in Real Estate, I’m sharing six key purchases worth splurging on in your rental properties! You’ll learn about creating a durable rental property that will last for years to come.

On this episode you’ll learn:

  • How to ensure your rental property is a safe home for your tenants.

  • The best paint colors for rental properties.

  • When to spring for granite countertops (and when not to).

  • What to look for in rental property cabinets.

  • A tip about reusing older kitchen cabinets.

  • How to determine when to replace a roof.

  • What to do with old electrical an plumbing in a rental property.

  • And much more!

Episode Resources
Rehabbing Rental Property: Don’t Over Upgrade
Subscribe to Investing in Real Estate on Apple Podcasts
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.

EP380: Why You Should Buy Houses on the Fringes - Interview with Ben Mizes

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This episode of Investing in Real Estate is sponsored by ZipRecruiter. With ZipRecruiter, you can post your job to 100 plus job sites with just one click. Find out today why ZipRecruiter has been used by businesses of ALL sizes to find the most qualified job candidates with immediate results. Visit ZipRecruiter.com/investing to post your job for free!

Finding a great rental market can be an undertaking, and often a bit of an art. Today’s guest, Ben Mizes is here to share his strategy of buying rental properties on the fringes!

Ben Mizes is the founder and CEO of Clever Real Estate, and a successful real estate investor in the St. Louis area. On today’s show, he’s sharing how he identifies a profitable rental market and why he buys houses on the fringes. We’ll discuss investing for cash flow, how to stay focused on your goals, and so much more!

On this episode you’ll learn:

  • How Ben got started in real estate.

  • The inner workings of Clever Real Estate.

  • How Ben identified his first rental property.

  • The importance of buying for cash flow.

  • How to balance cash flow vs. appreciation.

  • The importance of staying focused on one goal as an investor.

  • What to look for in a neighborhood.

  • And much more!

Episode Resources
ZipRecruiter
Building Wealth One House at a Time by John Schaub
EP378: 3 Kinds of Tenants in a Rental Property
Subscribe to Investing in Real Estate on Apple Podcasts
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Ben Mizes
Website
Email
Ben on Medium

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.

EP379: Self-Directed IRA: How to Avoid Mistakes

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Today’s episode of Investing in Real Estate is sponsored by BambooHR! BambooHR manages all your employee data and automates the countless tasks you have to deal with. BambooHR is giving our listeners a free extended trial! To redeem this exclusive offer, visit bamboohr.com/investing.

Investing in a self-directed IRA is a fantastic way to build your retirement funds. However, the IRS has set forth strict rules and regulations regarding how funds inside a retirement account are utilized.  

On this episode of Investing in Real Estate, Natali and I are sitting down to discuss the things you need to know about investing in a self-directed IRA. We’ll share some rules that you cannot break, what to avoid, and discuss our personal experiences. You’ll learn the intricacies and rules for building wealth inside your retirement account, including how to collect rent, pay bills, and more! 

On this episode you’ll learn:

  • Why retirement accounts are heavily regulated.

  • Why it’s important to follow the rules.

  • How cash transactions work inside a self-directed IRA.

  • The importance of working with a self-directed IRA administrator.

  • How to collect rent within a self-directed IRA.

  • And much more!

Episode Resources
BambooHR
United Policyholders
Subscribe to Investing in Real Estate on Apple Podcasts
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.

EP378: 3 Kinds of Tenants in a Rental Property

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Finding the right type of tenant to rent your property is an integral part of being a real estate investor. Without rent paying tenants, there is no cash flow! That’s why it’s so important to find responsible, long-term renters.  

On this episode of Investing in Real Estate, you’ll learn about the three different types of tenants, and how to determine which type you want in your rental properties! I’ll share my personal experience, and explain how to appropriately screen your tenants. Come along for episode 378!

On this episode you’ll learn:

  • The right types of neighborhoods to invest in.

  • What to look for in a rental market.

  • The three types of tenants.

  • Which type of tenant is the most reliable.

  • How to find a long-term renter.

  • And much more!

Episode Resources
Subscribe to Investing in Real Estate on Apple Podcasts
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.

EP377: Finding Value in Real Estate That Others Miss - Interview with Dr. Dan Handford

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Today's episode of Investing in Real Estate is sponsored by SimpliSafe! Order your SimpliSafe security system today at SimpliSafe.com/investing

On today’s episode of Investing in Real Estate, I’m sitting down with an incredible investor, Dr. Dan Handford! Dan is a doctor, a successful real estate investor, and the host of the Tough Decisions for Entrepreneurs podcast.

Dan is here to share high level real estate tips like cost segregation, how to find multifamily investments, and how to take advantage of tax benefits available to real estate investors. We’ll discuss Dan’s specific investing strategy, and his best tips for conducting a renovation. Don’t miss episode 377!

On this episode you’ll learn:

  • The types of properties that Dan invests in.

  • Why America is becoming a renter nation.

  • How to reposition a rental property.

  • What it means to find your tenant base.

  • How to ensure you’re not over upgrading a rental property.

  • The definition of a cost segregation.

  • Dan’s take on the current market.

  • And much more!

Episode Resources
SimpliSafe
EP359: Why Large Multi-Family Deals Don’t Make Sense Right Now - Interview with Ken McElroy
Clayton on Tough Decisions for Entrepreneurs Podcast
Subscribe to Investing in Real Estate on Apple Podcasts
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Dr. Dan Handford
Website
Facebook
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.

EP376: How to Buy Real Estate in a Self-Directed IRA

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

Today’s episode of Investing in Real Estate is sponsored by BambooHR! BambooHR manages all your employee data and automates the countless tasks you have to deal with. BambooHR is giving our listeners a free extended trial! To redeem this exclusive offer, visit bamboohr.com/investing.

Last week on the podcast, we talked about the fundamentals of self-direction, and the power of having control over your retirement accounts. Now that you understand the basic mechanisms and benefits of a self-directed IRA, we’re going to discuss how to utilize your account in order to buy real estate!

On this episode of Investing in Real Estate, Natali and I are going to walk you through the step-by-step process you’ll need to implement in order to buy real estate within a self-directed IRA. You’ll learn about how to title your IRA, precautions you need to take, and the intricacies that apply to this specific retirement account. Don’t miss part 2 of our Self-Directed IRA Series!

On this episode you’ll learn:

  • The steps you need to take to purchase a rental property in a self-directed IRA.

  • How to turn your old IRA or 401k into a self-directed product.

  • Exactly how a self-directed IRA must be titled.

  • The importance of working with a custodian.

  • Why you must be careful about the money inside your IRA.

  • The importance of taking ownership of your real estate portfolio.

  • And much more!

Episode Resources
BambooHR
EP370: IRA Real Estate Investing
EP202: How Your Kids Can Invest in Real Estate with an IRA
Subscribe to Investing in Real Estate on Apple Podcasts
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.

EP375: Do Something Uncomfortable

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Discomfort is a necessary part of change. No matter what your ultimate goal is, you can never reach it if you live inside the confines of your comfort zone.

On today’s episode of Investing in Real Estate, I’m talking about the importance of mindset, and why it’s important to make yourself uncomfortable. You’ll learn how discomfort relates to building wealth, and I’m sharing a challenge you can use to cultivate growth in your life. Don’t miss episode 375!

On this episode you’ll learn:

  • Why you should push the boundaries in your life.

  • How to identify the things that make you most uncomfortable.

  • The link between discomfort and growth.

  • How to change your mindset about money.

  • Why switching up your routine is so important.

  • And much more!

Episode Resources
morrisinvest.com/charity
Subscribe to Investing in Real Estate on Apple Podcasts
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.