EP162: How to Mitigate Risk in Real Estate Investing

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Any new venture can be intimidating, and that’s often the case with real estate investing. I hear questions constantly from new or prospective investors who are worried about the risks. Sure, there are horror stories about investors who lost it all, but if you play your cards right and put a few safeguards in place, you will be very unlikely to encounter issues.

On this episode of Investing in Real Estate, I’m sharing five things you can do to mitigate risk in real estate. I’ll discuss the importance of surrounding yourself with the right people, investing in the appropriate markets, and more. Don’t miss episode 162!

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  1. In order to mitigate risk in real estate investing, you should know that you can’t do it alone. It’s important to build a strong team that is well versed in the areas that you are not. Without the right team in place, you’re likely to make some mistakes.
  2. It’s also incredibly important to not overspend. Don’t overspend on the purchase of the property. Don’t go overboard with upgrades either. When you pour too much into your properties, you’re decreasing your overall return.
  3. Invest in the right areas. Personally, I like to invest in C class neighborhoods. The tenants are hardworking blue-collar Americans. If your tenants are stable, you’re more likely to have consistent rental income year-round.
  4. Work with an experienced property management team. Find a company that will thoroughly assess the applicants in order to find reliable tenants. Work with a team that is local to your property and knowledgeable about the market. This will ensure great tenants and fewer vacancies.
  5. Purchase your property in landlord friendly states. If you have to go through an eviction, you’ll want to be in states where the legislation is on your side. In states that favor tenants, it can be extremely difficult to remove a tenant who isn’t paying their rent.

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:

  • Why is real estate less risky than investing in the stock market?
  • How can you assemble a team to help you on your investing journey?
  • How should you handle appliances in your rental properties?
  • How does a property management team affect vacancies?
  • And much more!

Episode Resources
How to Renovate a Rental Property to Minimize Repairs
What Are A, B, and C Neighborhoods?
EP108: The Five Most Landlord Friendly States
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 Sure, there are horror stories about real estate investors who lost it all, but if you play your cards right and put a few safeguards in place, you will be very unlikely to encounter issues.

EP136: How Do We Make Money?

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

This episode of Investing in Real Estate is brought to you by VTech. VTech’s new Small Business Phone System is the most affordable and easy 4-line phone system on the market. The VTech 4-Line Small Business Phone System components are available at Office Depot, Office Max, Staples, and vtechphones.com.

Have you ever wondered how the real estate industry, specifically turnkey real estate, works? We occasionally get questions about the details of our turnkey process. Many people wonder how turnkey providers profit.

On today’s show, Natali and I are sitting down to answer these questions, for the sake of transparency. We’ll discuss exactly how our process works, why it works, and how we make money through turnkey real estate. Please join us for episode 136 of Investing in Real Estate!

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Here's a little insight into how the turnkey business works: we identify properties that are off-market. Typically, we look for deeply distressed homes that are under market value. Oftentimes these properties come from various wholesalers in our rental markets. 

Simultaneously, we seek out investors who are wanting to make a high return on investment. Perhaps you've seen our Facebook ads or other marketing materials. We encourage the prospective investor to book a call with our team so he or she can be matched with a cash flowing property. 

Think of us as a matchmaking service. We find an investor who wants high ROI, we find a property capable of that high return, and then we connect the two. 

While we’d love to do this out of the kindness of our hearts, it does cost us money to provide this service. We pay our sales team, customer service team, etc. There is no contract or monthly service fee to work with us. We do not collect a portion of the investor's rental income. Our profit from this process is simple: when an investor purchases a property through our services, we collect a finder’s fee at closing. 

On today’s show, we’ll discuss further how our turnkey process works. We’ll also talk more about industry standards, and what type of investor is a good fit for turnkey investing. Don’t miss episode 136!

If you have a few spare minutes, we’d love it if you would take our survey. This helps our advertisers better determine what kinds of sponsors are appropriate for our audience, so that we can continue to bring you this show for free. Thank 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:

  • Do we own our property management companies?
  • How is turnkey real estate like Jiffy Lube?
  • Is there a monthly fee to work with us?
  • How do hedge funds work?
  • And much more!

Episode Resources
VTech
Podcast.Study
EP033: Understanding Real Estate Jargon
EP039: A Simple Way to Understand ROI
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

 Have you ever wondered how the real estate industry, specifically turnkey real estate, works? Here's how we make money with turnkey real estate.

EP126: Are You a Hands-On or a Hands-Off Investor?

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

This episode of Investing in Real Estate is brought to you by Hello Fresh. Visit hellofresh.com and use code IIRE35 to save $35 on your first week of convenient, easy, and fresh meal kits delivered straight to your door.

My mission is to make real estate investing passive, and that’s the whole point of turnkey real estate. Doing so provides enormous benefits, but requires the investor to be hands-off. For some people, it can be hard to relinquish control and trust the process.

On this episode of Investing in Real Estate, I’m asking you to be honest with yourself and decide what kind of investor you want to be. I’ll discuss why it’s important to be a hands-off turnkey investor, and I’ll also share some areas in which you can be hands on.

More About This Show
I always advise new investors to think about the kind of lifestyle they want to live. Are you getting into real estate investing as a job? Or are you trying to create passive income and more time for yourself? There’s no right or wrong answer, but you need to be honest with yourself.

Do you want to pick out paint colors? Do you want to manage the rehab process from start to finish? If you enjoy those tasks, then turnkey investing is not for you. If you can’t let go of those small details, you’ll probably want to be hands-on with property management too.

Part of turnkey investing is letting go. It’s supposed to be passive! Your job as the investor is to trust the process, put your faith in the team, and then sit back and collect the rent checks.

On today’s show, I’ll talk more about deciding what kind of investor you want to be. I’ll also give four key areas where all investors should be hands-on. Don’t miss episode 126 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. 

 What kind of investor do you want to be?  Plus four key areas where all investors should be hands-on.

On this episode you’ll learn:

  • How often should you check in with your property management team?
  • What is the importance of checking your monthly statements?
  • Should you ask questions about your rental property?
  • How can you decide if turnkey investing is right for you
  • And much more!

Episode Resources
Hello Fresh
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