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Real estate investing can be expensive when you go it alone, but investing with a partner might not save you money if you don’t anticipate what can go wrong, and get it all down on paper. And there’s plenty that can go wrong including very expensive lawsuits. In today’s episode, you’ll hear from a real estate attorney who is passionate about this topic. Jeff Lerman calls himself “The Real Estate Investor’s Lawyer” because he not only understands the legal side of real estate, he also understands the business side as a real estate investor. He’ll explain the difference between joint ventures and syndications, when and why you should talk to an attorney who knows about real estate, and how a well-written agreement can help prevent future problems and preserve relationships. Jeff is co-founder and partner at Lerman Law Partners, which is based in Marin County. He’s listed as one of the “Top Attorneys in Northern California” by San Francisco magazine and helps investors nationwide with their transactions. That in

Wondering where's the best place to own real estate over the next decade? Follow the demographics. When Rich and I started buying properties out of state in 2004, we chose Dallas, Texas because it was one of the fastest growing metros in the country. We paid between $120,000 to $140,000 for brand new homes in Rockwall, Texas that rented for $1,300 to $1,500 a month. Those homes have since tripled in value. Where can you find that kind of opportunity today? Stick with the same fundamentals and follow the demographics. Economists predict that Florida will add 1.4 million new residents by 2025. Developers are trying to keep up with demand, but can they build fast enough? It's pretty tough these days. As a result, both home prices and rents are on the rise. In this episode, our guest represents a trusted RealWealth property team from the Tampa area, and he's here to give us an update on what's going on in the Sunshine State. You can also take a deeper dive into the Florida market by listening to a webinar with ou

They were very well employed in the tech industry. She worked at Amazon. He worked at eBay. But they felt their jobs were not just high tech but high stress, to the point of being “soul-crushing.” That’s when they decided that something had to change, and started investigating real estate and the single-family rental business. Lily and Shane Yong timed it right, during the housing crisis. They’d buy a home and then turn it into a rental when they upgraded. One thing led to another, including some RealWealth networking, and they were soon investing their money out-of-state. The portfolio they’ve built has made it possible to get out of the rat race, and “live life on their own terms.” In this episode, they share their Real Wealth Story with both Kathy and Rich Fettke. That includes how they got started in California and expanded elsewhere, how long it took them to be able to quit their jobs, their decision-making process, their first 1031 exchange, and challenges they have faced and overcome. If you’d like to

The housing market has never been so competitive. Buyers are going head to head in bidding wars and trying to out-do one another with concessions. But when it comes to buyers that need financing and ones who offer cash, sellers often choose cash because it's quick and easy. In this episode, you'll hear from NerdWallet's Holden Lewis who talks about what borrowers can do to give themselves a fighting chance against cash buyers. Holden has reported on mortgages since 2001, working through a housing boom, the Great Recession, and the long recovery. He's also NerdWallet's authority on mortgages and real estate, and the former president of the National Association of Real Estate Editors. He's won various writing awards, and is rehabbing his Mom's house! He'll share some of his tips for people with loans and what they can do to make their offers more attractive to sellers. Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, a

She’s a mother of 6, grandmother of 19, and says her claim to fame isn’t just all the green smoothies she’s made, but a real estate empire that helps pay for it all. She started investing seven years ago and says: “If a stay-at-home mom of six can do it -- so can you!” Kim Bosler says she always had a passion for real estate but lacked the confidence to do it on her own. She finally got going by networking with other real estate investors who were doing what she wanted to do. And now her adult children are following suit. They are all investing in real estate. Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. And please remember to subscribe to our podcast and

How do you find a trustworthy financial planner? And, if you're into real estate, how do you find one who understands real estate and can add value to your specific strategy? In this episode, our guest Kyle Mast, is just that. He's a certified financial planner and a real estate investor who understands that kind of investing strategy. Kyle is the owner of Clarity Financial which is a fee-only, fiduciary firm with a focus on helping pre-retirees, real estate investors, and people pursuing early financial independence, but he's not taking new clients at this time. He loves helping people get their financial lives in order, however, and does that by doing interviews, like this one. Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property t

Getting your financial world in shape isn’t only about numbers. It’s also about discovering your lifelong goals, the milestones you need to get there, and what you are doing right now to support that journey. Our guest today says that many people stumble around when it comes to their financial future because they haven’t really figured out what they are trying to accomplish, over the long term. As an example, a college education may groom a student to be a good employee, and not someone who might go beyond employee status to start their own business. Jonathan Satovsky is the CEO and Chief Behavioral Coach of Satovsky Asset Management, or SAM. He takes a mindful approach to financial planning by helping clients figure out what they really want and the investment strategies they'll need to accomplish their goals. In this podcast, he shares some of his thoughts on how to get in touch with your financial muse in order to map out a plan for financial freedom and flexibility. If you’d like to become job optional by

Will home prices continue to rise at this furious pace, or will they plummet back to earth like they did during the housing meltdown? Or maybe something in the middle? In this episode, we’ll hear from an expert on the housing market, the impact of the pandemic on buyer demand, home prices and migration patterns, and what the data shows us about the future. Dr. Frank Nothaft is the chief economist for CoreLogic and leads an economics team that’s responsible for analysis, commentary and forecasting for the global real estate, insurance, and mortgage markets. The Southern California-based company tracks, gathers, and analyzes massive amounts of property, financial, and consumer data and provides reports for the real estate and mortgage industry along with customized business intelligence reports for clients. Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can vi

It’s easy to make mistakes when you’re buying your first income property. But there are plenty of things you can do to avoid those rookie moves that new investors often make. Educating yourself is a good place to start, which is what this podcast is all about. And listening to stories about other challenges that other investors have had to deal with. In this episode, you’ll hear from Brandon Pritzl who works a full-time job in the aerospace industry, and just bought his first rental income property. He had his first big challenge right away, but he saw his way through that rough patch. He’s now planning on growing his portfolio to provide financial flexibility for his growing family, and he will share what he’s learned, so far, in this interview. If you’d like to become job optional with rental property income, join RealWealth for free. As a member, you'll have access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investme

There’s a lot of talk about mortgage rates and whether they are heading higher. But they’ve actually gone down for several weeks, and some experts see that downward trend continuing, for at least two years. There’s even better news about refinancing loans, that we’ll hear more about in this episode. Our guest today is Caeli Ridge. She’s president and CEO of Ridge Lending Group which is focused on helping homeowners and investors realize their dreams of homeownership. She’s been an established real estate investor herself for more than 20 years with as many as 42 investment properties at one time, and she’s dedicated to helping others do the same. Join RealWealth today to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CP

In this episode of the Real Wealth show, we'll peek behind the curtain to see the reality of buy and hold investing. Our guest will talk about the good, the bad, and the ugly of being a landlord, and how patience and perseverance can really pay off. Brent Palmer lives with his wife in the San Francisco Bay Area. His investing story begins with a full-time job as an engineer, two side jobs, and a desire to get off the work treadmill. After listening to the Real Wealth Show, joining as a member, and attending live events, he pulled the trigger and bought three properties in Kansas City. Those first investments came with challenges however, but he stuck with it, bought more single-family rentals in a different market, and has been able to quit those two side jobs. You'll hear his Real Wealth story in this interview. If you’d like to become job optional by investing in rental property, join RealWealth for free by visiting RealWealthShow.com. As as a member, you'll have access to the Investor Portal where you ca

Have you thought about buying a vacation property and putting it on the short-term rental market, but weren't quite sure how to manage the process? Our guests, Bryan Marks and Jimmy Woodard, have known each other since 2010 when they met as students at UC Berkeley. Since then they’ve built over a decade of experience in the tech industry, and have put their tech know-how to good use in the launch of a short-term rental business. They bought their first short-term rental just 6 months ago at Lake Tahoe and are working on a second one across the country in Miami. In this interview, they join us with some tech tips on what they've learned, so far. If you’d like to find out more about owning rental properties, including short-term rentals, join RealWealth for free by visiting RealWealthShow.com. As as a member, you'll have access to the Investor Portal where you can speak with one of our experienced investment counselors, view sample property pro formas, and connect with our network of resources, including prop

The key to buying real estate may no longer be “location, location, location.” According to one long-time real estate investor, it’s now “property management, property management, property management.” That’s just one piece of sage advice you’ll get from this interview with Myron Schroer. He’s had a real estate license since the 1970’s, has purchased real estate in several parts of the country, and is teaching his kids and grandkids about the business with a family corporation. You’ll find out how he and his wife got started, how they got the whole family involved, how they choose their markets, and where they have invested. Be sure to join RealWealth for access to the kind of information that has helped Myron become a successful real estate investor. Go to realwealthshow.com and sign up for free. It’s also free to speak with one of our investment counselors who can answer questions and put you in touch with experienced property teams across the U.S. AUDIO TRANSCRIPT: [00:00:00] [music] Speaker 1: You're li

If you put in the time and the effort, you can build wealth through real estate. But there are always surprises along the way, even for experienced investors. In this episode, we hear from a California couple who got started decades ago with rental properties in the San Francisco Bay Area, independently of each other. After they were married fourteen years ago, they continued to invest together, but over the last six months, they’ve almost completely reworked their portfolio. It’s all thanks to a few revelations, and challenges, during the pandemic that inspired them to buy properties in other states. You’ll hear their story, along with some great advice about the 1031 exchange, the benefits of an “escalation clause” when you are competing against other buyers, and what inspired them to invest in real estate in the first place. You can learn more about doing this for yourself by joining RealWealth. You’ll find plenty of free educational material on our website. Our investment counselors can also refer you to

Sometimes we are too busy to realize that we are too busy! It’s all too often that we look back and wonder what took us so long to do the things we really want to do. Having a serious health issue isn’t the wake-up call we want to get, but for some people, it’s been the catalyst needed to make a big change. In this episode, you’ll hear from a couple who experienced this kind of life-changing moment. Ryan Dixon had a near-death experience, so he and his wife, Christina, decided their lives had to change. Life is too precious, and you never know how long it will last. They started researching ways to create passive income so they could take a year off to go sailing and travel through Europe with their two boys. In a matter of months, they had a cash flowing real estate portfolio, and an entirely different kind of lifestyle -- and, they share their story in this interview. If you’d like to live life on your own terms with rental property income, become a member of RealWealth for free, and log in to the website.

In this episode, you'll hear from a member of our RealWealth team. He spent 20-years as a marketing data analyst for Silicon Valley tech companies, and started investing as a side job. Today, he is a full-time investor with 16 years of experience, and helps RealWealth members as one of our investment counselors. Joe Torre is also one of those people who made the most of a challenging 2020. He took some time to write a book called "Real Estate Due Diligence: The Investor's Guide to Avoiding Costly Mistakes" which you can buy on Amazon. He shares some of his due diligence insights in this interview. If you want to talk to Joe or one of our other investment counselors, join RealWealth and sign up for a strategy session. It's free to join, and free to speak with our investment counselors. Additional link: https://coast.noaa.gov/slr/ Disclaimer: The strategies mentioned in the interview may not be appropriate for everyone; other options not mentioned may be more suitable for your specific circumstances. Consult

She had Mom telling her to buy real estate. He married into the real estate mentality. They both had MBAs, worked at Northern California tech companies, and ended up with two rental properties in the Bay Area. But they couldn’t cash flow. In this episode, you’ll hear how Sophie and Ben turned those properties into a cash flow machine by investing out-of-state, and created real wealth about 15 years earlier than they had planned. You can learn more about doing this for yourself by joining RealWealth. You’ll find plenty of free educational material on our website. Our investment counselors can also refer you to experienced property teams who can help you get started in real estate. Click here to get started, it's free!

You may recall that, back in 2012, Warren Buffet said on a CNBC interview that he would buy a few hundred thousand homes if he could figure out how to manage them. Well, some companies did figure out how to do that, and 9 years later, they are transforming what has been an exclusive mom and pop industry for centuries. It’s an honor to have Dallas Tanner on the Real Wealth show today. He is President and CEO of Invitation Homes and is also a member of the company’s board of directors. Mr. Tanner has 20 years of experience establishing real estate platforms and, as a founder of Invitation Homes, he has been at the forefront of creating the single-family rental industry. In this episode, he shares some insight on what it’s like to manage more than 80,000 homes in 16 different markets. He also talks about how landlords of all sizes are coming together with the help of the National Rental Home Council. The Council held a virtual conference last month and is planning an in-person conference for this fall. It will b

If you've tried to buy real estate recently, you know you have to move quickly. But you may also be wondering how other investors are dealing with this crazy real estate market. In this episode, you'll hear from a RealWealth investor who's now working for us as an investment counselor. She's seen how the market has changed over the last few years, and knows what it's like to buy investment property in today's market. Leah Collich started building her portfolio in 2010 when it was a very different market. Demand was low, supply was high, and prices were cheap. In 2017, she became a RealWealth member and expanded her portfolio into five new markets while living overseas. She now owns over a dozen properties in Texas, Florida, Ohio and Alabama. When we invited her to share her experience on an investor panel, we were so impressed that we offered her a job. And she shares some of her inside knowledge in this interview. If you'd like to talk to Leah or one of our other investment counselors about available investm

She had an exciting career as an engineer who traveled the world to meet with top executives at important companies. But after the birth of her two children, she wanted more time to raise a family. It didn’t take her long to accomplish her goals. She applied her project management skills to a real estate investing plan. In two years, she had a $4 million portfolio that has now grown to $5 million. She calls it her supercharged BRRRR strategy which stands for buy, renovate, rent, refinance, and repeat. Palak Shah is the founder and owner of Open Spaces Capital. She's also co-author of a book, The Only Woman in the Room, along with several other women in real estate, including Kathy Fettke. In this episode, you’ll hear how she accomplished her task with two babies under her arms, and how she also helps other women get past their initial fear of the first deal. To learn how you can find and purchase income properties out of state where cash flow is much better than in high cost states, schedule a meeting with on