When Is the Right Time to Buy Real Estate? with Janine Yorio - Episode 449

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This episode of Investing in Real Estate is sponsored by SimpliSafe. SimpliSafe is a home security that knows it feels good to fear less. This is award-winning twenty-four seven protection that protects your home through it all. Try SimpliSafe with free shipping, and free returns by visiting simplisafe.com/investing.

Attempting to time the market is tricky. Even experts get it wrong on a regular basis. That’s why leveraging data can help you make better investing decisions.

Janine Yorio is the CEO and founder of Compound, New York City-based real estate investment technology company. Compound creates publicly-listed residential real estate funds, backed by data! On today’s show, Janine is sharing the ins and outs of her strategy, the intricacies of investing in the Big Apple, and much more!

On this episode you’ll learn:

  • The average price of real estate in Manhattan.

  • How Janine became a real estate investor.

  • The barriers for entry into Compound.

  • How Compound’s funds are structured.

  • The history of NYC real estate market.

  • The two major real estate declines in NYC.

  • And much more!

Episode Resources
SimpliSafe
Compound Manhattan Residential Fund
Not Enough Houses Available! Oh No! Episode 441
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Janine Yorio
Website
Compound on Twitter
Janine on Twitter

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 Track Rental Property Expenses for Free - Episode 448

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Today’s episode is sponsored by Vistaprint! With Vistaprint, you can create a truly professional, unique card in minutes. Vistaprint uses only carefully selected inks and responsibly sourced paper stocks, and offers dozens of designs that are just right for your business. Right now, Vistaprint is offering our listeners 500 high-quality, custom business cards starting at just $9.99. Visit vistaprint.com/investing.

This episode is also sponsored by Blinkist! Blinkist is the only app that takes the best key takeaways, the need-to-know information from thousands of nonfiction books and condenses them down into just 15 minutes so you can read or listen to. Right now, for a limited time Blinkist has a special offer just for our audience. Go to blinkist.com/investing to start your free 7-day trial!

Have you ever wondered about the best method to track your rental property expenses? There are many different softwares on the market that you can pay a monthly subscription for, but if you're just starting out, there's a better way to do it FOR FREE!

On today’s episode of Investing in Real Estate, Natali and I are sharing a simple way you can track your rental property expenses. We're giving away a free download you can use to make your life easier, and keep all of your ducks in a row!

On this episode you’ll learn:

  • Why it’s so important to have a system in place for tracking expenses.

  • How our system has changed over the years.

  • What to do as you scale your business.

  • Why you should use a spreadsheet per year.

  • And more!

Episode Resources
Vistaprint
Blinkist
FREE DOWNLOAD: How to Track Your Rental Properties
Stessa Software - Free trial
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.

Stop Expecting Perfection - Episode 447

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This might be hard to swallow: you’ll never be 100% prepared. Perfection is a myth. Real estate investing is not perfect, and life certainly is not perfect. But unfortunately, perfection is a crutch that stops many people from finding success. 

On today’s episode of Investing in Real Estate, we’re taking a realistic view of real estate investing and the truth about being ready to begin. I’m challenging you to step outside of your fears and encouraging you to just go for it! If you’ve been stuck in an analytical mode, today’s episode is for you.    

On this episode you’ll learn:

  • Why waiting for a perfect credit score is unrealistic.

  • The truth about our YouTube channel.

  • How to ignore petty annoyances.

  • Some of the imperfections in real estate investing.

  • And more!

Episode Resources
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 Invest in Opportunity Zones with Eddie Lorin - Episode 446

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Today’s episode of Investing in Real Estate is sponsored by Pitney Bowes! SendPro Online by Pitney Bowes is an online software that helps you save time and money no matter what you send. SendPro Online is only $14.99/mo, and listeners can get a FREE 30 day trial when you visit pb.com/clayton.

An Opportunity Zone is a community development program established by Congress in 2017 that allows investors to take advantage of tax breaks while investing in economically-distressed neighborhoods across the US. Since this is a relatively new investment strategy, a lot of questions come into play about how this economic development tool works.

On today’s show, I’m sitting down with Eddie Lorin, the Managing Partner at Alliant Strategic Investments to talk about the ins and outs of Opportunity Zones! You’ll learn about the legislation, the future of Opportunity Zones, and why they’re so important. Don’t miss episode 446 of Investing in Real Estate!

On this episode you’ll learn:

  • What CEQUA is.

  • Exactly what an Opportunity Zone is, and how it works.

  • How to defer taxes while investing in Opportunity Zones.

  • What the future of Opportunity Zone legislation looks like.

  • How the government shutdown affected Opportunity Zones.

  • Why Opportunity Zones are important.

  • How investing in real estate can change the world.

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

Contact Eddie Lorin
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.

How to Lower Your Property Taxes - Episode 445

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Today’s episode of Investing in Real Estate is sponsored by Purple! Sleep is important. If you’re struggling to get a good night’s sleep, you’ve got to try a Purple mattress. The Purple material feels very unique because it’s both firm and soft at the same time – so it keeps everything supported while still feeling really comfortable. Right now, our listeners will get a FREE Purple pillow with the purchase of the mattress. Just text INVESTING to 84-888.

Property taxes can be a big expense for real estate investors. Property tax rates can vary by state, but it's important for landlords to ensure that they are being charged a fair value on their tax bill.

On today’s episode of Investing in Real Estate, we're sitting down to discuss how you can negotiate your property taxes. We'll talk about evaluating the assessed value of your home, how to appeal your property taxes, and more!

On this episode you’ll learn:

  • How property taxes are determined.

  • Where to go to contest your property taxes.

  • How to find your property tax records.

  • The importance of having organized records.

  • How to find comparables.

  • And much more!

Episode Resources
Purple
Financial Freedom Academy
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.

Don't Be Defined By Your Career - Episode 444

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When you meet someone new, one of the first things they seem to ask is, “What do you do?” Despite the fact that our culture seems to place a lot of value on a person’s career, basing your self-worth on your job title is a risky move.

On today’s episode of Investing in Real Estate, I’m imploring you to take a deeper look at your identity, beyond your job title. We’ll discuss finding meaning behind your 9-5, and I’ll share my personal experience detaching from my job title. Don’t miss episode 444!

On this episode you’ll learn:

  • How I finally was able to let go of my career.

  • Why you should start thinking differently about your identity.

  • The differences between different countries when it comes to valuing employment.

  • How to find meaning in life beyond your job.

  • And more!

Episode Resources
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 Pay No Taxes with Real Estate Investing with Tom Wheelwright - Episode 443

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Today’s episode of Investing in Real Estate is sponsored by ZipRecruiter. Hiring is challenging. But there’s one place you can go where hiring is simple, fast and smart. A place where growing businesses connect to qualified candidates. That place is ZipRecruiter. Right now, our listeners can try ZipRecruiter for free by visiting ziprecruiter.com/investing.

This episode is also sponsored by SendPro Online by Pitney Bowes! With SendPro Online, it’s easy to save time and money no matter what you send – from packages to overnights and letters. SendPro Online is only $14.99/month, and for being our listener you can get a FREE 30-day trial to get started PLUS a FREE 10 pound scale to help you accurately weigh your packages. Visit pb.com/clayton to redeem this special offer.

The 2018 tax code brought about sweeping changes to the real estate investing industry. From a 20% deduction to bonus depreciation, this tax law offers many incredible advantages to real estate investors. If there’s one person who knows and understands the intricacies of the tax law, it’s our favorite CPA, Tom Wheelwright.  

On this episode, Natali and I are welcoming back Tom Wheelwright to discuss the new tax law and what it means for investors! We’ll talk about how to take full advantage of the tax code, how to get the most out of your deductions, and how you can find a real estate savvy CPA! You won’t want to miss this episode of Investing in Real Estate! 

On this episode you’ll learn:

  • How bonus depreciation works.

  • How cost segregation has changed in the new tax code.

  • Why you should conduct a cost segregation in the same year that you purchase a property.

  • The main reasons why rental real estate should be owned in a passthrough entity

  • Two ways to take advantage of passive loss.

  • What you get when you work with the team at WealthAbility!