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Real Estate Success With Jim Ingersoll

Real Estate Success Podcast is real investors telling their story of the peaks and valleys that led to their real estate success! Learn about what success is, why you want it and the journey you will take on your way to achieving amazing results. Real Estate Success Podcasts cover all aspects of real estate including realtor strategies, wholesaling houses, flipping houses, creative financing, private lending, self-directed IRAs and more! Each episode will expand your thinking and help you succeed massively. Join your host, real estate investor, author and entrepreneur, Jim Ingersoll, as he shares his vast knowledge of successfully implemented strategies, techniques and tips. Each weekly podcast guest will introduce you to a variety of successful business people involved in various areas of real estate.
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Dec 11, 2019

This week's podcast is all about the Good, Bad and the Ugly of Section 8. Your host, Jim Ingersoll, covers all the bases to help you, the Landlord, see the entire picture and help you determine whether you want to rent to Section 8 tenants.

1. What is Section 8?:
Section 8 is a government program that dates back to the Housing Act of 1937. Section 8 pays rent for over 3 to 4 million low-income households. A variety of Section 8 programs are available to low-income tenants, but the most popular is the voucher choice program. This program will pay either a portion of the tenant’s rent or all of the tenant’s rent depending on the individual tenant’s financial situation.

2. The Good:
Most Landlords either love or hate the Section 8 program. They love it because they don’t have to worry about receiving full payment of their rent on-time, every single month. They don’t need to worry about checks being “lost in the mail” and a million other excuses tenants use to not pay their rent on time every month. And they love it because they can charge a lot for their rent.

3. The Bad:
One of the reasons that some landlords don’t like Section 8 is the government regulation involved. They don’t want the government involved with their rental properties. The government puts regulation on all Section 8 properties. The regulation includes a safety inspection when the tenant moves in and ongoing inspections at least annually.
After the inspection process, you’ll need to fix every item on their list before the tenant is approved for move-in. The inspection criteria is more stringent than most landlords expect, so the expense can be costly.
Section 8 agencies are typically under-staffed and over-worked. This can result in a slow process of getting through the inspections, the contracts, tenants moving in, and waiting for your first check to arrive.

4. The Ugly:
Another primary concern is the quality of the tenant. Landlords fear that Section 8 tenants may be rough on their property, and not properly maintain the house or call when there are issues like leaking water.
Sometimes the tenants have large families or invite others to move in with them to share remaining expenses or even sublet out the couch. Extra people can lead to heavy wear and tear on the property.
The way to minimize this is to fully screen Section 8 prospects just as you would non-Section 8 tenants. Landlords need to pull criminal background checks, call previous landlords, and check everything regardless if the tenant is in the Section 8 program or not.

5. Bottom Line:
Some landlords love the Section 8 program. There are real estate investors who have 100% of their rentals filled with Section 8 tenants. Others hate Section 8 because of the challenges managing the whole process. How about you? What are your Section 8 experiences? Did you try it out, stay with it, or drop it as fast as you could? Share your Section 8 stories with us right here in the comments section.

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Dec 3, 2019

 

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Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, 

VA

Nov 25, 2019

Why is gratitude so difficult and can it be used to grow your personal life and real estate business?

Gratitude requires a mindset and focus shift off of yourself and onto those around you. It takes the attention away from what you do not have and places onto what you actually do have.

Gratitude removes fear, creates focus, removes self limiting beliefs about what is possible and creates a better life.

Who are you grateful for should include:

1. Family - Spouse, kids, brothers/sisters, parents, etc. The real question is what specifically are you thankful for regarding each person?

2. Realtors/Brokers

3. Wholesalers

4. Contractors

5. Tenants

6. What places are you grateful for that you have travelled to?

7. What books have you read that you made an impact?

8. What pets and animals are you thankful for?

9. Who is a mentor that has helped you?

Take this today and make a list of what you are grateful for and dig deep into why you are thankful.

Shifting in this direction will lead to organic, natural growth in your life and in your business.

 

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Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, VA

Nov 11, 2019

Check out this quick video from your host, Jim Ingersoll

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VA

Nov 4, 2019

Are you thinking about purchasing a rental property or looking for a successful flip?

In this week's podcast, Jim talks with Shera Gregory of Plan To Profit Real Estate about the key core concepts of where and how to start investing in real estate. This podcast is perfect for those who are just starting out or those who have been stumbling through their first few rentals or flips.

In this podcast, you'll discover:

  • How Shera got her start as a rental property owner (while working full time as a Chemical Engineer)
  • Why you should be intentional about your processes and plans
  • How to analyze a rental deal
  • The top questions you should should be asking prospective lenders (your first question shouldn't be about interest rates)
  • The key to flipping success: run your #'s before you purchase and account for all costs involved.
  • The importance of Networking & Relationships and how it can help lead you to success

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Facebook: Real Estate Investor Success
Twitter: https://twitter.com/investforever

Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, VA

Oct 29, 2019

Ready to dig into your #'s?

In this weeks podcast, Jim talks to David Richter and Jon Cruz of Simple CFO Solutions about the importance of knowing your numbers and keeping your books in order.

This week's podcast is packed full of important information.... all in under 30 minutes! Here are some of the highlights:

Note: This discussion frequently refers to The Profit First Systems ("Profit First" by Mike Michalowicz)

  • The importance of keeping money in separate accounts allows you to see profit and expenses more clearly (and accurately)
  • The importance of having a system and structure to manage your money
  • Real Estate Investors: Why you should keep Investor/Lender Funds separate from other accounts
  • Landlords: Why the security deposit should be kept in it's own account and should not be used as working capital
  • How Simple CFO Solutions works with their clients to help them implement a profit system and with work through challenges like hiring, property management, project management, acquisitions and closings
  • The time investment of setting up separate accounts is minimal but important. Taking this step first will ensure less stress over finances and lets you focus on the WHY (the reason you're in business)
  • What are the key issues that investors have struggle with financially?
  • What your balance sheet should look like
  • Recommended Read: "Less Stress More Profit" by David Richter

 

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Join Jim Ingersoll at Deal Maker "LIVE" dealmaker2020live.com  February 6 - 8, 2020 in Richmond, VA

Oct 25, 2019

Creative Real Estate Deals From Duplex's To Self Storage With Mike Hicks.

Mike started buying rentals at the age of 19 and has never stopped buying real estate since!

The journey from duplex to self storage began when Mike saw a fixer upper duplex on a rural route. He contacted the bank that owned them and bought 2 duplex's for $72k.

Mike is attracted to opportunities.

He was driving for dollars and found another duplex. He likes to follow Bill Cooks methods of tracking down the owner and going to their house to knock on the door and create a discussion about buying the property with seller financing.

He began the discussion about seller financing. The seller and Mike talked about Boy Scouts for 45 minutes building rapport with the seller. Bill teaches that you should focus on terms more than price and Mike negotiated seller financing for 3% interest on 3 duplex's.

Those 3 duplex's led to the opportunity to create the financing to purchase the self storage facility. He had persistently followed up with the seller of the self storage for 3 years. He had plans to walk the seller financing from the duplex's to the self storage but ran into some obstacles which created a change in his strategy. Mike created seller financing on the self storage which included no payments for the 1st six months.

The self storage had people living inside some of the climate controlled units, some units were rented below market and some had never been locked out. Mike resolved the issues as he encountered them and created a really sweet deal as he repositioned the facility!

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Twitter: https://twitter.com/investforever

Join Jim at Deal Maker 2020 Live!

http://www.dealmaker2020live.com

February 6 - 8, 2020 in Richmond, VA

Oct 2, 2019

This week's episode, Jim talks with his long-time friend, Dr. David Phelps, creator of Freedom Founders. Here are some of the highlights:

  • The journey that lead David to write "The Apprentice Model" A Young Leader's Guide To An Anti-Traditional Life"
  • Don't Wait for "Someday": why it's important to make changes today
  • David elaborates on this line from his book: "To have more impact, we have to become more"
  • The Pyramid of 5 Freedoms for true success in life
  • The Freedom Founders Mastermind: allows members to be impacted with their families
  • Using your network to create the life you want
  • The importance of establishing your inner circle
  • Prep for Wealth Transfer 2.0

 

 

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See David Phelp's speak at Jim Ingersoll's Deal Maker "LIVE" EVENT: dealmaker2020live.com  February 6 - 8, 2020 in Richmond, VA

Sep 25, 2019

This week, Jim talks to Glenn Stromberg and Max Keller about Investing in Mobile Homes (Manufactured Housing). It's like getting 2 for the price of 1!! In this informative podcast, you'll hear about:

  • Glenn's almost 40 years of experience in every aspect of the mobile home industry... from developing, owning/operating a mobile home parks to owning a dealership
  • Max's experience as a math teacher and how he found his way into the real estate industry
  • How both Glenn and Max linked up
  • The benefits of investing in Mobile Homes.
  • Their coaching/mentoring program Mobile Vested (use code: PL LENDER to get $500 off your course!)

 

Get their new book FREE:
Get a free copy of their soon to be released book (a $12.99 value); a "greatest hits" of their best strategies. The first 50 people to email them at hello@mobilevested.com or max@mobilevested.com will get a free copy, mailed directly to them. Just be sure to mention that you saw/heard this podcast to get your FREE book!

About Max Keller:
Max Keller began his real estate career with single-family residential properties, wholesaling, completing fix and flip rehabs, and acquiring rentals. After completing over 100 deals in multiple states, he looked for a way to more easily scale his real estate business and found mobile homes. Once Max started working with mobile homes, he was hooked. Almost every challenge that was present in the single-family residential world of investing was either absent or greatly reduced in mobile home investing. Max, his business partner Glenn, and their company, Mobile Vested, have a goal of helping over 10,000 new and existing mobile home investors.

Today, Max, a published author of multiple books, travels the U.S. teaching people the advantages of investing in mobile homes and helps people who are new to investing get started. Max is a member of multiple masterminds, and some of his titles include consultant, teacher, investor, author, speaker, and expert panelist.

About Glenn Stromberg:
Glenn began his career in real estate in 1982, quickly becoming a top sales manager for a mobile home dealership. Over his 37 years in the mobile home industry, he developed mobile home subdivisions, owned a mobile home park, owned and operated mobile home sales centers and bought, sold, and leased single-family homes. Today, Glenn invest in his most profitable venture to date, double-wide mobile homes on land. Glenn has completed thousands of mobile home deals in his career and is excited to have the opportunity to share his legacy and valuable knowledge with you.

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Deal Maker "LIVE" EVENT: dealmaker2020live.com

 

Sep 9, 2019

In this week's podcast, "How To Go From 8 to 80 Rentals", real estate investor and author, Michael Zuber shares his experiences as a property buyer, landlord and how he transitioned from single family rentals to larger, commercial rentals.

  • The characteristics of a successful long-term rental property owner
  • Key tips: don't over leverage your purchase; put more money down at purchase and the importance of maintaining your properties: the key is upfront maintenance
  • The 1031 exchange where Michael exited residential (1 - 4 units) to commercial (5 units+)
  • The steps for making that leap from single family to multiple family housing
  • Commercial financing
  • Know and learn your local market
  • Finding best property manager (Michael fired the first 5!)
  • The steps to Financial Freedom

 

 

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Deal Maker "LIVE" EVENT: dealmaker2020live.com

Aug 26, 2019

Jesse began his entrepreneurial journey very young while still a teenager before entering college. He began flipping homes long before it was called "flipping houses." He got his real estate license young and started Pioneer Realty as a broker.

He tells the story of buying foreclosures direct from Sovereign Bank because of a deep, genuine relationship that was established.

What made a big impact over the years? Buying and holding real estate assets.

 

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Deal Maker "LIVE" EVENT: dealmaker2020live.com

 

 

Aug 20, 2019

This week we talk with Tom Berry who has a very inspiring story and has achieved so much investing in real estate. Tom started off wholesaling like many investors and that put food on his table. He then set a goal of creating $2M of net worth and that became the game changer.

How did he do it?
What path did he follow and was he lucky or just that good?

Tom invested heavily in his net worth completely, without needing banks, buying real estate assets including single family homes and multi-family apartment complex's in Houston. He learned to buy off market deals, add value and become an excellent landlord and property manager while focusing on hitting his net worth goals.

Now Tom is growing his lending business and expanding it to many markets across the USA.

Here is a link to Tom's lending business:

https://tomberryrei.com/ils/

 

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Deal Maker "LIVE" EVENT: dealmaker2020live.com

 

 

 

Aug 15, 2019

5 Ways To Find Off-Market Real Estate Deals Without Spending $$$

1. Driving for dollars
2. Recruit bird dogs
3. For Sale By Owners on Zillow, craigslkist & facebook marketplace
4. Garage sales and estate sales marketing
5. For rent by owner

 

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Deal Maker "LIVE" EVENT: dealmaker2020live.com

Aug 2, 2019

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Deal Maker  "LIVE" EVENT:     dealmaker2020live.com

Like what you've heard?

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Jul 29, 2019

Anne Marie Hollonds is the Marketing Officer for Quest Trust Company. In this role, she directly oversees all of the Houston and Dallas operations, business development and marketing. Anne Marie is one of the lead female public speakers at Quest Trust Company, and travels around the country educating investors on the benefits of Self-Directed IRAs. She teaches Americans how to take control of their retirement through her experience at Quest and from personal experience starting to do her own note investments in her early 20s.
In addition to being certified as an instructor of real estate continuing education courses, Anne Marie manages the coordination of company events, including some of the largest and most successful events in the history of the company.

 

 

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Main site: www.investingnownetwork.com

MY NEXT "LIVE" EVENT: dealmaker2020live.com

 

Jul 15, 2019

Syndicating Apartments With Vinney Chopra - Journey from $7 to $250 Million.

Vinney has been on an amazing journey since arriving in Washginton DC from India. He has an advanced degree in Engineering, been married a long time and now is completing multiple 7 figure apartment deals throughout the U.S. using syndication to finance them.

Jul 9, 2019

This week, I talk to Ryan Mellon about how he makes real estate deals while traveling extensively

 

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Twitter: twitter.com/investforever
Main site: www.investingnownetwork.com
MY NEXT "LIVE" EVENT: dealmaker2020live.com

Jul 2, 2019

 

Jason Bhattacharya is a niche entrepreneur who timed the recent real estate market listing hundreds of foreclosures. He shares the story of buying a house for $11,500 and will soon be selling it for $350,000. He has done flips and rentals as an investor and has completed many listings as an agent.

Jason has good advice on finding contractors, making mistakes and more!

He has built a very successful business using his skills in construction. He has done 203k loans, ground up construction, rehabs, loss/mitigation, fire and water claims and now he focuses on current business as Old Dominion Public Adjusters.

We discuss in detail how the process of an insurance claim works and Jason provides info on how to protect yourself in the situation.

Visit Jason at: Old Dominion Public Adjusters

Email Jason at: jason@olddominionpa.com

 

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MY NEXT "LIVE" EVENT: dealmaker2020live.com

Jun 25, 2019

There are many advantages to using private money for real estate investors. You will not need to rely on a bank or a hard money lender to purchase your rentals or your flips.
LIKE, COMMENT, SHARE & SUBSCRIBES ARE APPRECIATED :)

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