066 - How Tony is "FI" as a business owner
Tony has a few different partnerships and businesses. He needs to be answering his phone almost at any minute. Is it really possible to have FI in a situation like this?
Tony has a few different partnerships and businesses. He needs to be answering his phone almost at any minute. Is it really possible to have FI in a situation like this?
Is it really possible to become FI in 10 years without having a trust fund? What if you have debt? What if you don't know rich people to lend you money? John and Tony talk about a simple path to FI, what that "FI" means, and how it is available for anyone willing to make some sacrifices today for FI tomorrow.
I know when I was first getting started, there was a lot of mixed advice on LLCs and how to best protect yourself. ANNOYING CYA DISCLOSURE: WE ARE NOT REAL ESTATE ATTORNEYS AND ALL COMMENTARY IS OPINION AND NOT ADVICE In this week's episode, we field questions related to how to structure your RE deals. A quick download on how we feel about LLCs If you are doing commercial real-estate, it probably makes sense to use one. If you are doing a house-hack, it probably makes sense to skip the LLC...
Listing in to find out how Tony has built several businesses to take care of his financial needs, all centered around real-estate. How he found his partners How he left his job How he grew his project from partnership to organization How he thinks about growing things further and giving opportunity to employees
With only 3 duplexes under his belt, can John transition into more relaxed and enjoyable lifestyle?
Tune in to learn some tips on buying your second (or first!) deal. How did Tony get into his second real-estate deal? Why did he even buy a second deal? Learn how Tony only put 10% for an investor loan
How can you save money for your second real-estate deal? What kind of mindset is needed to get into your second deal?
A more quantitative look at Tony's first deal.
Learn how to think about your first deal by listening to Tony recount the W's and L's from his first purchase.
UPDATE - sorry folks! The proper audio is on this episode now. -- John John and Tony talk about John's first foray into real-estate as they progress towards FI
John and Tony talk about the motivations for FI and how real estate became part of our FI journey
John and Tony talk about the motivations for FI and how real estate became part of our FI journey
Right price? Wrong price? How to know if you need to drop price, set price, or make some improvements!
Listen to some quick advice from Tony and John about how they think about the first deal "scaries"
How do I improve expenses? How do I improve rents? How do I get a better re-appraisal? TUNE IN
The 10 things that Tony sees people forgetting to think about...
An ounce of prevention is worth a pound of cure as they say. It's hard to get rid of a bad tenant and even harder when Uncle Sam won't let you!
Its renewal season everybody! Tune in for some of Tony's tips for easy renewals
Florida-man tenant asks : Is it OK if I do some drywall myself? Notes and quotes from this episode Are you approaching the situation from a place of hardship or strength? Doing a BRRRR takes time. Flipping can get you income ASAP. Rentals and BRRRR are a get rich slowly strategy. Do your twice-annual walkthroughs! Otherwise your tenants might start breeding lizards and fruit flies to feed them. Whitemaintenance paint - $32 for 5G https://www.lowes.com/pd/Property-Advantage-Flat-Maintenance-5G-I-...
My Tenant beat my lawyer in court! - A (now) funny saga about the world's most impressive, terrible tenant. There is a famous quote from Warren Buffet about wanting to hire people that are 3 things. Smart Hard Working Ethical Today's episode is about what happens when one of your tenants is only Smart and Hardworking. -- As always please call us with your questions at 412-212-8366. We'll answer them live on the podcast!
In this week's episode Tony talks John through some of his tenant issues and helps him find ways to easily solve problems... sometimes anyways.
Tony and John reflect on lesson they know now and wish they had known when getting started in RE
Two different perspectives on how real estate can accelerate and/or provide you a path to financial independence.
All cash offers? No contingencies? 2008 again? Tony and John talk about the current market
Am I being ripped off by my contractor? Why does it cost $40/hour? Learn the breakdown on how contractors make money.
John bought a house for ~140k and managed to mess it up. What an idiot. Listen in to learn how not to make these mistakes AND more importantly how to recover if you do!
How can I avoid overpaying for a good property manager? What even makes a good property manager?
How much is you realtor really making? What is normal? What is fair? How can you work with your agent so that you become their favorite client? Find out in today's episode.
This is the last part of our multi-part series walking Hernandez from being rent robbed each month to generating WEALTH using real estate. Today we talk about expenses side of the game. Listen in to answers on the following: How to figure out what the utility bills will be on your house? How can I plan for big expenses like a new roof? New furnace? New bathroom? What's a good budget % for basic repair? What's a good % for vacancy rates? If the main thing is to keep the main thing the main thing,...
In another chapter of our multi-part series with Hernandez, Tony answers the questions and concerns that are keeping Hernandez out of purchasing his first home. Listen in for answers to questions like... HOME INSPECTIONS Can I trust a home inspector? What will a home inspector actually find and help protect me from? How do I vet a home inspector? Do I need to go to the house when the home inspector is there? CLOSING COSTS How can I figure out what all the costs of buying a house are? Can I trust...