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Category: Finances

Episode 35: Best Tax Break Ever 1031 Exchange

Perhaps one of the best tools ever for creating wealth for real estate investors is the section of the tax code 1031. This special little tax advantage lets us exchange property without paying the taxes on our capital gains! You have to be strategic with this one but it is a fabulous tool. Tune in this week as Tim...

Episode 34: Keep Track of Your Rental Income and Expenses‬‪‬‬‪‬

As a real estate investor our goal is to acquire more properties leading to more cash flow and ultimately more wealth. But, as you continue to grow so does your bookkeeping! Even if you love math you may find yourself strongly disliking bookkeeping. It can be tedious and timely. QuickBooks offers a great solution to...

Episode 33: When should you put your property in an LLC?‪‬‬‪‬

Let’s face it, for those of us that live in the US we are living in one of the most litigious countries in the world. You’ve heard that you need to protect yourself and your properties, but what is the best way? Is it necessary to form an LLC in which to hold your property? There are multiple steps we can take to...

Episode 21: Money coming your way and Industry Updates

April 8, 2020
Economic and Market conditions, Finances
No Responses

Things are changing so quickly it’s hard to keep up. Here are the latest updates on money you are likely ALREADY getting, necessary changes to your STR in the current market, financing available to you and some continued best practices for sticking through this pandemic and coming out stronger in the end. Review of...

Episode 20: Are You Getting Denied By Lenders?

It can be so discouraging. It can be so exciting. No matter which stage you're at in your real estate investment career financing will play a huge role. You found the right deal but have no one to finance it? Well, look again. There is ALWAYS someone to finance it and without financing, unless you have all the cash,...

Episode 18: Having reserves for your short-term rental losses

Real estate is an amazing investment vehicle because it’s predictable. But, what happens when it’s not? What happens when the unexpected happens and there’s a fire, you lose a roof, or the HVAC system goes out? You need to have reserves. Your short-term rental guests will also create wear and tear on your...

Episode 11: Is This the Cheapest AND Easiest Way to Get Started Investing?

January 29, 2020
Finances, General Real Estate, Property Acquisition
No Responses

It’s a big world out there and sometimes we get overwhelmed as investors with the amount of information coming in. There are so many ways to get started investing in real estate but they are not all created equal. We’ll discuss one path that many may find to be the easiest and most comfortable AS WELL AS being the...

Episode 10: The 67 point 5 million dollar deal

January 15, 2020
Finances, General Real Estate, Property Acquisition
No Responses

What ONE main principle helps you determine whether the investment you are considering is worth while? It all comes down to the numbers. Tim will illustrate how purchasing a $100,000 investment is no different from purchasing a $10,000,000 investment. A quick story to illustrate how numbers will make the decision for...

Episode 08: How to Price Your Short-Term Rental Perfectly – EVERYDAY!

The hotel and airline industry have been monitoring their pricing dynamically for years; every short-term rental operator should be doing the same. The supply and demand in your market changes everyday and so should your prices, but that’s a lot of work right? Not anymore. Let's dig into the basics of dynamic pricing...

Episode 03: Owning a Short-Term Rental vs. Lease Arbitrage

What are the benefits of lease arbitrage and is it a better model than actually owning a short-term rental? Did you know that you can ultimately get property for "FREE" if you go the ownership route? We'll discuss the difference between building cash-flow and building wealth. Tax benefits of owning your property How to...