The three Ds in storage units is a little different: death, divorce, and downsizing. This means that even in a recession, storage units are in demand as people shift into smaller apartments and lose the extra storage space in their homes. By adding storage units to your portfolio, you can add assets that steadily produce returns, even in a downturn.
Tying your earning potential to an hourly wage keeps you on a leash. Leslie Awasom’s great job in medicine became a W2 jail cell when he realized that. But shifting out of a W2 job and losing that steady paycheck was a huge change for him. Learn about how he’s doing it with his partner Tenny Tolofari in the Maryland metro area.
Wholesaling lease options have a place in the entire lifecycle of the investor. Do you need some quick cash for a bigger, better deal? Lease options are a quick way to make money for other real estate ventures that you’re looking at. Joe McCall from Real Estate Investing Mastery shares how to use lease options to become a transaction engineer with creative financing.
Be a positive influence and do some good in the world by connecting with compassion. David Wood, a life coach, and performance expert shares three ways you can truly see the people around you. By asking questions that are truly interesting, you can help your team, your family, and your customers feel like they matter. And people who matter love doing business with you.
Even if you hire a property management company, you still need to keep an eye on your operations. As the owner of the Ohio Landlord Association, I talk to a lot of landlords about how to maximize their investments. My 6 Dos and 6 Don’ts for property management will protect you from being surprised by a failing apartment building.
Data beats guts all day, says Neal Bawa from Multi-Family University. As the reigning mad scientist of multi-family, Neal uses data to predict trends and make safe secure investments. Your gut feeling may tell you to invest in your backyard, but does your city have the fundamentals in place to weather a recession?
Finding the perfect multi-family deal takes some time, a little bit of homework, and a lot of elbow grease. Remodeling without a reliable contractor could be a disaster that destroys your deal and causes your investors to run far away from you. Multi-family investor and contractor Jorge Abreu straddles both of these worlds, and he has some great advice to help you find the right contractor and make sure your CapEx is done correctly.
Move beyond land flipping into creating mailbox money. Mark Podolsky’s unique approach to investing in raw, rural land yields a consistent stream of income. In addition to not dealing with tenants, rodents, or evictions, investing in raw land means you can go anywhere in the country and run your business from your home office. Don’t miss Mark’s offer just for our listeners at the end of the podcast.
When someone defaults on a housing loan, who still wins in that scenario? Figuring out how to win in every scenario is a big part of Bob Fraser’s investment strategy, and that’s why he buys mortgage notes. With more than a few recessions under his belt, Bob has seasoned advice for real estate investors on how to maneuver through the COVID-19 recovery.
Being resourceful is one of the top characteristics of a successful entrepreneur. On his way to building micro-units, Scott Choppin from Urban Pacific found instead a building model that fits in an unrealized niche. Pivoting to address this undersupply, Scott’s been able to keep his company busy even as projects across California have slowed down.