Be Free RE: Accelerate to Financial Independence through Real Estate

John and Tony•linktr.ee

Learn to accelerate your life journey to Financial Independence (FI) with Real Estate. Are you interested in learning to make your job optional with Real Estate? We believe that traditional FIRE is Financial Independence + Real Estate, not retire early. Learn how to quit your job, enjoy time with family, and gain the independence and entrepreneurship experience you want by tuning in. Have a specific question? Call in to 412-212-8366 and we can help. Hosted by Tony Angotti (@412agent) and John. BeFreeRE.com 412-212-8366

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Episodes

006 - TENANT SCREENING - Criminals? Too many pets? Service Animals? Smokers?

1. Document your processes, don't discriminate by accident! 2. Use fees to influence tenant behaviors 3. Avoid unnecessary improvements (while tenants are in place too!) Call in your questions to 412-212-8366 or DM us at  http://instagram.com/befreere

May 24, 2020•28 min

005 - EXPENSES - How to estimate expenses and handle contractors

EXPENSES 50% rule is good -- gross Rents - 50% is your expenses, excluding mortgage costs Always budget at least $200/mo 5% gross rent for CAPEX 5-8% gross rent for Vacancy Build a spreadsheet to figure out your CAPEX from scratch. It is worth the time. CONTRACTORS Contractors respond to CASH and INCENTIVES Start small and work your way in with them If you do your own demo, you will get a better quote...

May 17, 2020•43 min

004 - STRATEGIES - Buy and Hold vs Flipping, The mythical BRRRR

FLIP vs BUY AND HOLD Flipping is job Buy and Hold is a long-term investment (If successful) flipping = near-term cashflow  (If successful) buy-and-hold = more wealth BRRRR Easier ways exist Need a good deal, good contractor mgmt, and good landlord skills Can't find a deal? Find a partner and be the money in exchange for their help

May 10, 2020•40 min

003 - GETTING STARTED - Why do people not start? How much money do you need? What are good areas?

WHY DO PPL NOT START? Real Estate is an investment. There is risk. Do your homework, but don't think that analyzing will be a substitue for doing Borrow experience from realtor/mentors MONEY You need between 0% and 25% downpayment You need $5-8k of reserves You will need $2-4k of closing costs Highly recommended; 3 months of personal rainy day money GOOD AREAS Tony: Population growth, job growth, good mix of appreciation or cash flow depending on your interests John: pick a company and see where...

May 09, 2020•49 min

002 - COVID - What does it mean for RE?

COVID Short-term looks like the government is propping things up. Prices staying the same Long-term, very hard to know. Either way, you want cash. To weather a storm or to pounce on an oppty Stay healthy! LAND Land is more work, more risk, more reward What would this look like if it was a homerun? Utility hookups done/paid for, Architecture review done/paid for, Environment Impact Assessment done/paid for, House ready to go.. THEN you would buy it. REFINANCING Brokers are people you pay to do wo...

Apr 27, 2020•1 hr 5 min

001 - TENANTS - Poopy Contractors, Poopy Dogs, and Good Tenants

CONTRACTORS The best defense is a good offense.  Have a solid contract with incentives. Pick someone you have tried out TENANTS HAVING NEIGHBOR PROBLEMS? Your job isn't to solve ALL their problems They are adults RETAINING GOOD TENANTS Give a yearly update to their property Give them rent discounts in exchange for lawn care-type services Send your questions for us to answer at 412-212-8366 or DM us at  http://instagram.com/befreere...

Apr 02, 2020•22 min

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