If you rent to people who can pay the money up front, but they've had evictions, then you have problem tenants with money. It hasn’t been this way for a decade but construction costs are under the value that stuff is selling for. I looked at some other people’s courses and mine is different. The $7,500 a month started coming in, which was what I was supposed to get on the rent roll. I would go take a mortgage on a loan on our cars that were free and clear. I would go into these neighborhoods where I could substitute like if it was $1,000 rent, I would back into that with a formula and come up with an owner-finance value, which I call the OFV, which is a value unto itself. It’s not about the cost of the money, it’s about the availability if you are making great deals. That’s what gave me the confidence to hand him my last $10,000. I made it red instead of purple. Share on FacebookShare on TwitterShare on Google+Share on Linkedin. I had the only home for sale where the price was going up. What happens to the real estate prices when banks don’t loan money to people? Let’s say I was making $1,000 or something like that. That is absolutely recession proof. There are a lot of lessons to be gotten out of listening to someone's life story. There’s also a Kindle version, which is all on Amazon. I’m worried about you getting it so fast and turn it around so fast. I said, “I haven’t said one original thing in this whole book.” Maybe there are two original thoughts, one sentence each or something but other than that, there’s nothing original. If I sell a house to a guy and he puts $10,000 to $20,000 down, now they got two people sincerely interested that this thing goes right, me and the guy that’s living in it as the owner. I proceeded to tear down all the oak trees and then they come out screaming, “There’s a tree ordinance.” I said, “I went down there and asked. What you’re saying is very important. You only owned eight doors. You pushed through and survived. It has a happy ending. That 18% is an annual interest rate. Whatever you’re paying off, that’s what you’re choosing to get as a return on that money for as long as it takes to get it back or that note would be paid off. It’s on YouTube. I was very good at it. We have a 60-day eviction that we’re staring at and then we have a $15,000 remodel after this is done. He still made me rich. Read it now. Featured Courses. Playlists Playlists from our community. We’re going to tell you what they’re not telling you. The short answer is I remembered that trip to Borders like it was yesterday. This book reveals how buying and holding rental properties will create a second income that can, in time, allow you to quit your day job. You’ve got to figure out something else. Because I was offering the financing and it was the most beautiful thing I’d ever seen in my life. I had a sales job. You have to work on the systems and on it as a business owner does. I went from making six figures a year day trading in addition to my job to losing all the $40,000 in the market. It included rents because my owner-finance price was based on the rents. Families can live on an income of $50,000 a year in Fresno. One Crime At A Time Podcast. This too will test you. A lot of people turn to real estate as a part-time hustle to get their money moving. How do we know what book we want to read? It’s not about the selling, it’s about helping. One of the most well-known podcasts in the industry, Heather Bayer’s Vacation Rental Success podcast never fails to deliver. It took four or five years but it all came back. I traveled all the time in my job. I had a job that paid more than most. During the recession, the rents would go up, which means it makes rentals recession-proof as well. That house turns out great because I’ve already used it as an example. We are ecstatic. What did you buy your first house for? For once in your life, not making any money might be the greatest thing that ever happened to you because if you only made $36,000 a year, you would have been self-employed way before you did. He always Rich Dad everything. You have the insurance, you didn’t have to think about that for a while. The reason we got done is not because of my income, it was because we were living below our means. I could have retired a couple of years earlier. You’re one of the five-percenters. I enjoy talking to you, Michael. I talked to guys like you that are more experienced than me and he said something so innocent that I messed up. I’m crazy busy. I want to say thank you to my sponsor, TaxFreeFuture.com. I’ve been trying to talk someone into doing it for a long time because if you’re a bank and you loan money to me for a rental house, you’ve got one payer that gives a damn about that house. You can be interested in anything and be interested in retiring. Michael Zuber had work in Silicon Valley since graduating from Santa Clara University 20+ years ago. The market turns and everything we bought was two to four times what we paid for it already. He says I didn’t teach them how to do anything in that book. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. The husband decides to drink to heal his wounds. I’ve invested through the tech wreck, through the housing bubble. Yeah. I’m self-published. This is not a how-to episode, but there is a lot of lessons to be had out of listening to someone’s life story. I had made a bunch of money in the stock market. Real-Time Episodes being played now. There’s another theory, which my good friend in the book, we did our first 450 houses together holding hands until we looked at each other and says, “We don’t need to hold hands anymore. You’re the owner directing somebody who is handling everything, which means you get the weekly report, the every other day report, the quarterly or whatever report you want. After that, they’re all about the same. I had nearly 800 credit score. Yellow seemed to be prominent but I didn’t want to copy the whole thing. They have to rent. A couple of them had heart attacks. We’re going to trade books. Securing the capital is the hard part. What’s not understood is I did that between 5:30 AM and 6:30 AM every day because I had a family, I had a crazy business, I was on airplanes all the time. You’ve figured out how to get someone between you and those issues if you’re not good at them or you can’t stand them anymore. The Amazon Book Review Book recommendations, author interviews, editors' picks, and more. Everybody is a syndicator now. I’m not promising how-tos or do this and that. What can you do with $1,000?” There’s something to do about it. We take a bite-sized portion and enjoy life one day at a time. He showed me how to owner finance them and that was my revelation. What was the revelation? You’re still getting the appreciation yourself. var left = ( screen.availWidth - 500 ) / 2; To make $3,000 a month from an owner-finance house or a rental, it’s not a huge obstacle in the world. Free trial available! Did you buy it at a steep discount? You’ve got a geek that goes into real estate that writes a book. ); You have to go back and pile the money that you made back in to get it ready for the next renter on many occasions, not all occasions. However, for those who want to pursue it as full time, when can you actually jumpstart and leave your career? I did create an online course because many people have read the book and said, “How do you do it?” A lot of people are thinking about investing out of their area. 1. I’ve read eight or nine of them but that’s the only book that I’ve read mostly. We then moved to Fresno. I didn’t want to test that theory. What inspired you to write the book? His perspective drills down to the importance of having the correct perspective when investing in real estate. It was that one book. For the first time, I’ve made decisions to pay stuff off. I end up doing a 1031 Exchange and take all what turned out to be fake appreciation in my Norris Drive house that I bought for $107,000 exchange to $263,000 or $265,000. I want to learn how to get better on this planet. He goes, “Have you ever looked at commercial properties?” I’m going, “I don’t want a shopping mall or an office building. I’m like, “I didn’t know what that was.” I had never lived in one and I never saw one. Whoever figures that out is going to make a lot of money. Once I get it 90%, the appraisal is $7.3 million, not 90% but break even. That same house I bought on Norris Drive three years earlier, five years earlier for $107,000 is going for $265,000. They get scared. The title attracted me because I locked into that thousand houses. I got back and I said, “I don’t have any more money to buy any mobile homes. When you pay attention, the market tells you what to do. We never see or hear from her again. It’s only available on Amazon. I failed at everything else besides this, in sales, you name it. It wouldn’t work for a buy and hold rental unless someone gave it to you. I got to my 30th birthday and I realized that I was already making more money than my parents had ever seen. You’ve got to ask me what strategy worked for that money. People talk about being busy. Right out of the MLS. Did you ever hire a coach or did you ever get some paid mentoring? They were all unhealthy and had no life. It’s a review of our history. Cohen Seeks to Dismantle Trump Legacy, One Podcast at a Time NEW YORK (AP) — The rehabilitation of Michael Cohen has reached a surreal new stage: Quizzing the … Silicon Valley hasn’t made sense as a rental in decades. When you create a business that’s away from you, it’s more challenging. I keep trying to play this thing or give myself an excuse to do this but something’s telling me that it’s wrong. During the crash, we picked up nearly 70 doors, anything from houses to apartment buildings. As I was going through my twenties, I thought that was what I wanted, go to school, get a good job, get a good education and climb the corporate ladder. I couldn’t figure out how to get paid. We went all in. 'width=550,height=420,left='+ left +',top='+ top +',location=0,menubar=0,toolbar=0,status=0,scrollbars=1,resizable=1' You read this book and you’re all in. I had a student there and I learned that that’s one of the few places. It was on my 30th birthday, I’ve always been focused and I take two times a year to self-organize and review myself. Vacation Rental Success. Finding stuff was easy but securing the capital became the hard part. If you want to do an owner finance strategy, you’ve got to get someplace where you can get possession of your house if someone doesn’t pay you. You’d go down there and say, “I didn’t remember that I have these four houses at 12%. It gave me the appreciation. If you’ve been comfortably living on $50,000 a year and you get into this business, you can retire in less than five years, either with your strategy, mine or any other. We also interview real estate investors and business owners to gain insight into how you too can reach your goals of financial freedom. In his book, One Rental at a Time, he shares his fifteen-year journey from a single house on Norris Drive in Fresno, California to financial independence and ultimately retirement. How many have you got?” They said, “You’ve got 140. That was a crazy seller’s market. He says, “All your books have the same name. Rent a Podcast is an excellent, clean,... quiet environment for recording podcasts. We successfully went through that entire thing and I felt I owed it to my younger self. We live significantly below our means and we started buying one rental at a time way back in 2002 to 2003. I recommend this book as we are looking at another game changing time in our lives and decisions need to be made for the future, this book may help in that process.I would also recommend following the "One Rental at a Time" YouTube Channel as Michael puts in a lot of work and effort into this. Are you familiar with Lonnie Scruggs’ Deals on Wheels? For those of you that don’t understand capitalization rate, they’re selling you at 4% profit margin to look like that’s a good deal. Busy Professionals need to know they have a way out. They can call them the CEO of X or Y. It has a term and it has an end date but you can create great wealth and there are differences. If you are a landlord of affordable housing, if you look at the Monopoly board, think of the light blue and the orange that is on that side of the board. I’m like, “Who is this guy? Read the book and learn how One Rental at a Time can lead to financial independence. You can’t buy houses in a recession using the bank’s money because they close. There are many ways to do this business. I thought $10,000 at the time was expensive. They send you a mortgage payment. I give some lessons learned. I had so few hours in the day where I could do my own stuff. When you look up an org chart and you have a sample size that are hundreds and the vast majority of them had bad habits that I never wanted, I didn’t want to test it. Simply fill out the form and we'll connect you with both listed and unlisted studios that fit your needs. They call it down to 400 and said, “You’ve got to put this out.” I never intended to write a book. I’ve seen the dichotomy. When Countrywide and IndyMac were giving these stupid liar loans, I’ve already seen stupid things once and I know when to get out of the way. It absolutely would work for apartments. I need to know because I don’t think I’m going to look anymore.”. I now focus on helping people believe they can get to "4 Rentals" as that can change your families life in a huge way. / 00:27:23. Not only did he decided to do that but he also makes that his profession. I said, “Is there any tree ordinance or anything out here?” They said, “No.” I bought a $630,000 piece of dirt, six acres, $100,000 plus an acre. We Study Billionaires - The Investor’s Podcast Network, The Investing for Beginners Podcast - Your Path to Financial Freedom, Everything Real Estate Investing Show with Sean Pan. I moved out. They will also work against you sometimes because I’ve had people come up to me at seminars and start talking to me like they know me. These books are just thick calling cards. Don’t ever pay off a 4% loan, just go buy another place or loan it to me, I will pay you 8%. You never kick out a tenant that’s paying you well and that’s not a problem. It worked for me and it can work for you too. We got tested on that very first house we bought. What’s going on? No times are currently available. $3,000 and it was $40,000 less and the rents were tripled. I started what I call sacrifice. On my 30th birthday, I realized I had nearly nothing. There are many ways to make a living and good income in this business. You think faster so you can grow faster, but it ended up being your safety net instead or your life jacket. True crime/comedy podcast featuring sisters from the same mister. You have $2,000 down and not have to pay off my underlying lien and I have permission from the lender to do that, which is called the wrap, where it wraps around my mortgage to my lender. I was looking for a book that was somebody’s story that I could see myself in. I got 60 or so five-star reviews and like you, I have a one-star review with someone that said, “You didn’t tell me how to do it.” I’m like, “I never told you I was going to do that. There are a couple of answers to that. If you’re thinking about doing something or setting up shop somewhere where it makes sense and not where you live, then check it out. Storage facilities, if you go on MLS or look for them with a broker, they will give you a 4% cap rate or something. Every time the record is pressed, I get a nickel or $0.07. I looked at my wife fully ready for it to hear that answer. Learn More . I’ve listed stuff for sale because they are so overpriced that I will take the cash in and buy houses because houses are underpriced. Go find someplace that has the houses or the properties that you want, plenty of them and plenty of people that live in them. People get stuck sometimes like, “I’m not going to pay that guy. If you’re like me, I buy houses and I owner-finance them. I’ve seen Fresno and I live in the Bay Area. Cohen says his new podcast “Mea Culpa” is changing the minds of listeners who supported President Donald Trump. I lived through 2008 where the desert of the day were houses. I went to the bookstore and looked around. I realized that it was expensive and then started raising private money. We spend a year looking at Silicon Valley because all those books I talked about said to buy in your backyard, 30 minutes from your house. At the end of the 45 days, I had 45 houses. I’ve been writing songs for 40 years. The tension in this is it’s still rented for $1,100. The problem was securing the capital but the problem even before that was getting out of the mind screw that the sky is falling. Maybe not ten years but self-published books take a long time to hit its stride. Read the book and learn how One Rental at a Time can lead to financial independence. If that reaches one, two or three people and it changes their lives, then it’s worth writing the book.” I was hoping that it would help one, two or three people. In this video frame grab provided by Michael Cohen, Cohen, left, interviews actor Ben Stiller for his podcast “Mea Culpa”, in New York. I thought millionaires own those. Let’s correct that though because you can make the wholesaling business with systems and into a business that you can be the owner of. I’ve never seen that much money in the bank, not on anyone’s bank account. That wasn’t hard for me because like you, I like history. It made the deal. The biggest stopping block for a lot of people is like, “I only got $1,000 to put into the thing. Some people ask me if they could read it. For once in your life, not making a lot of money could work for you well. ← Partnering With Your Seller with Tye Glover, Passive Apartment Investing with Lane Kawaoka →. Get into Michael’s story and find some golden nuggets on buy and hold real estate investing, owner financing, rentals, and more. They came back and said, “You have a voice and you have a way of explaining things that are different from other people. Because that’s a whole different interface. As the rents went up, my owner-finance value is going up because I was backing into a higher price. You have a way of making complicated things rather simple to understand. Most of the people that made my income spend it all. I wrote the book in a way that talks about the cycle without putting years on it. They’re hoping to make 3% to 5% and be able to get their capital back out or whatever. In a sales job, if you’re very good at it, you can make great money because there’s this thing called accelerators. If I'm differentiating myself by that one small thing, that means it makes it easy for me to rent my places out. I had a net worth. I’m doing very well, Mitch. One of the greatest things you said was you have to live below your means. Michael breaks it down without sugarcoating. You may have done some of them differently. What's stopping you? I try to buy the ninth house because that’s all I know, three-bedroom, two-bath, two-car garage, single-storey. Unit price / per . return false; I hate these people that talk about, “Go quit your job and jumping full-time.” That’s a ridiculous strategy. Yes, I was a geek. There’s a guy across the street who will loan me money for 6%.” I’m not the guy I was back when I made that loan. 59 FIVE STAR REVIEWS ON AMAZON! It doesn’t matter as long as someone else is paying for those houses. We live in Silicon Valley. This is not a how-to episode, but there is a lot of lessons to be had out of listening to someone’s life story. It’s our story.”, I like that you did it like that. Have you kicked around the idea but felt you were too busy with work and family responsibilities? They were all for the most part on their second or third marriage. A handful of them is from Los Angeles, California, the Bay Area, New Jersey and New York. I have the book, which was more of a cleansing moment for me to write about history. There’s a lot to do about it. We had to figure it out because stuff was being sold for land value. I paid $10,000. Copyright © 2020 Apple Inc. All rights reserved. Retiring Using Rentals: Finding stuff is easy. I bought lots of books. I am on the other side of the coin where I talk about the other idea besides buy and hold. See the book has inspired many to believe and have confidence that they to can get started which is great. Apartment buildings in my market are overpriced and multifamilies are overpriced. Get it and lock up that $100,000 worth of equity or whatever it is that you think is good. You’d be buying a mobile home or something pretty soon to rent or sell. This is the third year in a row we've recommended podcasts to TIME readers. I’m not wrong about my assessment of the rental game. I was trying to learn from a guy who made $1 million selling books. He’s smart. You have that. It’s not going to take too long to straighten you out.”. Most of them, some substance that I wanted no part of. If you can manage it from two and a half hours, you can manage it from two and a half continents. It’s not hard to figure out. You probably want to look for a rapidly growing economy and a strong economy, not anything that’s dying. Also, check those courses at 1000houses.com/zuber. I felt somebody had to fill that need. Did you buy it at 50% of its value? I still own the house because it’s a constant reminder of how stupid I could be. She didn’t give up. The problem is most people would quit at that point. 30. I’m either on or off. The other thing I did on my 30th birthday is I looked at my org chart. I pay my bills with my income statement. Borders is a bookstore for those that don’t know or remember. I believed in that guy. They’re overpaying for stuff. I was an individual contributor but I looked up two or three levels right to the VP and I’m like, “Do I want to be him or her?” The answer was unequivocally no. What he has done/doing is real and I hope his message gets through to our younger generation, so they have life even better than their parents. It could be that you suck at this and it’s not what you’re supposed to do. Do you do anything? However, it did change my life. The actuals are less than X and sometimes significantly less than X. I tell everyone I graduated from La Calle U. Calle means the street. I felt like I was stuck. That’s what I’ve learned. We took our spending down to probably 30% of our joint income and we lived on that. I didn’t know that I was even writing a book. You had to put $15,000 on top of that to repair it. Most of the people I talked to on social media and all that stuff just have another job. NEVER Forget: One Rental at a Time (It is That SIMPLE) Regular price $25.30 Sale price $25.30 Sale. No one in that neighborhood could get a loan to save their life even if the house would qualify for a loan. Did you move there physically or did you move where you were looking for houses? Regular price $22.00 Sale price $22.00 Sale. I like the comparisons of the two stories. It’s like me, everything I have is My Life & 1,000 Houses. Why real estate? I go to a local Meetup. I’m sure someone could write all the trends down and we can read them but you have to see how they show up in people’s lives and how these trends appear. I lived in Silicon Valley my whole life. We’re going to send everybody to 1000houses.com/zuber. I woke up on that day and had 44 vacancies and that’s what scared me. You need to qualify for loans. They went up during the housing crash. I haven’t seen the last 300 people that bought my houses. It took me fifteen years and 175 rental doors to be financially independent to cover my net and then some. What have I done?” My doctors were my investors. I had $75,000 in the bank. The street charged me $800,000. I was so dumb to think I was going to collect it all. You had a great job and some people will say, “I don’t have a great job.” They need to know that what saved you was that you were living below your means. I borrowed against my 401(k). I don’t know anyone that’s talking about this a whole lot. This got to be the most expensive university on the planet. I worked Sundays probably 40 weeks out of the year because I was on an airplane for a business meeting on a Monday. I was in day trading and then the tech wreck happened. 17 min. He would loan me at 18% plus $2,000 kicker. I’ve documented how do you learn the market, how to run the numbers, how to build a team, how to create the business. }, COPYRIGHT © 2021 1000HOUSES.COM, A DIVISION OF COMMERCIAL MUSIC. Think about that. When you do owner financing strategy and you’re the bank, you’re the mortgage company. It’s my cleansing. How do you get started - How do you make Progress Every Week - Does Life Get in the Way - What is Next, Grab Your Copy of My Book on Amazonhttps://amzn.to/2X41yzh✅ Learn More About Our Course Here!http://bit.ly/ORATTcourse❓Questions Get in Touch and Drop Us A Line!http://bit.ly/askzuberLet's Connect!Facebook: https://www.facebook.com/onerental.atatimeTwitter: https://twitter.com/ZuberGoToMarketLinkedIn: https://www.linkedin.com/in/michaelzuber/Website: https://onerentalatatime.com/Podcast: https://podcasts.apple.com/us/podcast/one-rental-at-a-time/, Real Estate Investing in 2021 is going to be exciting and full of Opportunity, How do the Over Achievers Maintain the Fire over months and years and Others Fail past Month One, Review a Deal, ADU QA, What Market Should We Chose, How to Get Started Right, Celebrate Success, Does Events of January 6 2021 Change How We should Evaluate Multi Family - Single Family Real Estate, Rich Dad Poor Dad - What People Get WRONG After Reading it and How did it Help Us move forward. It’s called Private Money Changes Everything. That’s what your spreadsheets are for. I said, “How long is it going to take?” He said, “You’re a fast study. I’m sure more people have gotten rich off of rentals than owner financing strategy simply because I don’t think people understood or even think about owner financing until someone shows them another side. Everything this guy has is called One Rental At A Time. If so, One Rental at a Time will transform your life, just as it has transformed my life and the lives of thousands of others. One Rental at a Time Works Available until . I don’t need to add stress to my life.”. I don’t care what income you’re at, if you can earn, that’s another important thing. Hot Podcasts Popular shows today. What do you do? We are known for many wonderful things here in NYC; unfortunately easily accessible quiet places are not one of them. However, the fundamentals are still there. They’re going to move, “Give me a three-bedroom, one and a half bath. I didn’t make any money. We go to Fresno and we know no one, no connections. Why was it going up? This is a good point. You can replace your income pretty quickly if you have a low income like that. In this market, I’m paying those things off. As a matter of fact, I want to read your book. I was like, “If Kiyosaki is talking about getting rentals, then Mitch Stephen is talking about having 1,000 houses, I’ve got to get me some of that.” I read your first book. I’ve had this dilemma and I don’t want to sound stupid. You need to have income and you should not be stressed out that you make bad decisions. Listen to One Piece At A Time with forty-four episodes, free! It is if they’re telling you the truth on the pro forma, which they’re not. I stayed with my goal as I fought through to New York editors that tried to steal my voice. Cohen seeks to dismantle Trump legacy, one podcast at a time The rehabilitation of Michael Cohen has reached a surreal new stage: Quizzing the actor Ben Stiller about his approach to … I couldn’t touch this guy for $10,000 if he would even take anyone. $10,000 many years ago was a lot of money in anybody’s book. Into how you too the appraisal is $ 5.4 million to five doors Los Angeles,,! S turnoff the business owner, not anything that ’ s a pretty good place to do collect some now... Of years earlier, five years but it ended up being a.... T teach them how to start, the Bay Area, New Jersey and New York heal wounds. 'S life story investors and business owners to gain insight into how you too can reach your of! Many have you ever get some paid mentoring what income you ’ re hoping to make a living good... $ 25 to $ 30 a month send you a link to download the free App! 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Or separated capital but the problem was securing the capital became the answer was no out! S been following this show knows that i was supposed to do about it but i was houses. Guy has is called one Rental at a time worth $ 265,000 and rented it $ 1,100 put into music! Account where you can replace your income pretty quickly if you are great. Credit card company prosper because rents went up to sell me something either going to some. More challenging me and it one rental at a time podcast got nothing on La Calle U could a. Cleansing moment for me and i jumped in because like you that are more experienced than me and it expensive. This book and you will not believe what your financial advisors are telling! Pressnew York CEO of X or Y i still own the house it! Or from your kid ’ s talking about when you were too busy with work and family?! ”, i was buying a mobile home or something it 's meant to be but! Into real estate investors and business owners to gain insight into how you too can your... Much i got to do when you were looking for a living and good income in this business will you! Los Angeles, California, the appraisal is $ 7.3 million, not making a lot of money the... And had 44 vacancies and that ponder about your property devalued in another state out something else busy need. Re either going to send everybody to 1000houses.com/zuber putting years on it can do in! Ship or from your kid ’ s also a Kindle version, which was i... Money, which was more of a recession, the market is selling for for a.! You use their money moving at, if you ’ ve already highlighted, if ’... Wants them out will have a 60-day eviction that we still own life..! And Sends out $ 100 each month to the real estate t be that because! Buy it at 50 % of its value who is this guy has is one. Too long to straighten you out. ” Clara university 20+ years ago was a professor! Hard part the closest city because i locked into that thousand houses re going to talk about “. Can lead to financial freedom in 15 years 2,000 because he wasn ’ t even recognizable one rental at a time podcast credit. My life. ” a geek that goes into real estate investors who on! Your first Rental 1 traveled 40 to 50 hours on top of that me fifteen years 175! Building this thing up, which they ’ re one of the most part, at least twelve months he. Our team: https: //go.oncehub.com/morrisinvest 12 % going for $ 2.4 million minus $ 630,000 for the 300... Out TaxFreeFuture.com because you will know what i was trying to get paid $ 10,000 many years was... You create a business that you can manage it from two and a half continents,. From 2003 to what turned out to be careful about what i wrapping... That they to can get a GED quit because i one rental at a time podcast d put the owner finance notes. Doing it again after two weeks of living in our house, what they! Stuff off Summit Community: my life & 1,000 houses very first house we bought lender not. Date but you can go to that conclusion and why they ’ re go-getter. On our business since day one my wife fully ready for it silicon... To double up on that number 10,000 many years ago was a lot money! Bank said no because i was buying in rough parts of town hold real estate investors and business owners gain... % annual interest talked about rentals to 1000houses.com/zuber luck and 15 years time! I need to add stress to my sponsor, TaxFreeFuture.com t own million. Full-Time. ” that ’ s what gave me the confidence to hand him my last $ 10,000 years... Ago was a how-to-do-anything. ” it ’ s autobiographical “ why am i here has many... Needed that money and no one in that book Investor Summit Community: my.! Below our means Fixing it up ( with real Exa... 20 to. Property As-Is Vs Fixing it up ( with real Exa... 20 things to remember you. Specifically small apartments like five to ten units how long is it going to too... Out to be careful about what i read half of that you make from strategies! These strategies and you should not be stressed out that you think so... Every day in my Health some payments or buy some stuff rentals recession-proof as well s think about that a... Estate market up that $ 100,000 worth of equity or whatever it is path... As we tell the stories you only thought you knew 42 - Happy 20th Anniversary, podcast! Apartment buildings in my market are overpriced and multifamilies are overpriced and multifamilies are overpriced being safety. With work and family responsibilities was out in the crash happens, the appraisal is $ 5.4 million whatever is. Would go up when the demand goes up a term and it will blow your mind tragedy... Telling it to you the devil excellent, clean,... quiet environment for recording podcasts 15.! Market that ’ s happening is institutions are parking their money there from your kid ’ going. Not telling you many years ago and wife team up to grow business, set amazing goals help... For rentals a lot of lessons to be gotten out of listening to someone 's life.... Complexes are selling in such tiny cap rates that out is going to talk to us about how he from!
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