You’ve probably pondered the idea of investing in real estate, but with today’s high prices, you might feel that it has become the exclusive territory of the wealthy. Or maybe the prospect of becoming a landlord brings more anxiety, with visions of late-night calls from tenants, water leaks, mold problems, and more.
If you look at real estate investment from a traditional perspective, your concerns are justified. But what if we told you the average person could easily accumulate a solid rental real estate portfolio that has the potential to provide an increasing income stream for the rest of your life and future generations of your family? And on top of that, it doesn’t have to be a landlord’s nightmare.
In this new episode of A Place of Possibility™, we’ll share some creative ideas to make real estate accessible to nearly everyone. And spoiler alert, you may even be able to do it with little to no money out of pocket. That 25% you have to put down is a lot of money, especially in California. We’ll share real-life examples of how you can work around those traditional lending options and show you how to be a solution for the seller and as a landlord while doing really well for yourself.
We’ll be talking about:
- Why recent changes in real estate market conditions have created opportunities that weren’t there several months ago
- How hiring a good, professional property management company can actually SAVE you money in the long run
- Several creative strategies that will allow you to avoid that high down payment and get into real estate investing once and for all
- How unique financing strategies can lead to the creation of a sizable portfolio, often without any out-of-pocket investment
Our goal with today’s episode is to give you an arsenal of somewhat unconventional tools that help you take advantage of the current real estate market and its many benefits. It may seem like a formidable landscape, but, armed with the right strategies and knowledge, we’re confident that you will be ready to jump into action right away. We look forward to sharing our insights with you, and hope you’ll share this episode with your family, friends, and anyone else who might benefit from it.
“Mortgage debt is a different animal, and it doesn't really make sense to have, you know, $2 million sitting in equity, in an apartment building doing nothing for you, maybe growing at 3% a year. Why not access that and leverage it into another property. That's going to give you a much higher rate of return in terms of rent.”
We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So, grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.
A Glance at this Episode:
2:07 We’re back, folks, talking about real estate. Contrary to popular belief, it’s not just for the wealthy. We dive right into this episode, discussing some common misconceptions younger generations now have about the real estate market.
2:27 The real estate market has shifted… again! Here’s why current market conditions offer opportunities that weren’t there only a few months ago.
2:56 There are several areas of concern that many of us have about investing in real estate. Let’s talk about what they might be and how to alleviate them.
3:52 You can get quality tenants and have a lot of success as a rental property owner, and the way to do that is with a professional property management firm. Let’s examine a few reasons why hiring a good management company is a wise move.
5:15 Investing in income properties does have a high barrier to entry, but there are ways around it. Start listening now for more.
7:26 Obtaining seller financing is a time-tested way to avoid high out-of-pocket costs. Here’s how it benefits the seller.
9:57 This is why asking the right questions and positioning yourself as a problem solver for the seller really pays off.
10:14 Market conditions have recently changed, yet some sellers are emotionally attached to the value their home had when prices were at their peak. You can use that to your advantage. We’ll tell you how.
12:42 Press play now for this insider secret >> Here’s why a seller might be willing to help finance the property, along with a way to get them to say “yes.”
13:31 Unless you have deep pockets, there aren’t many opportunities in much of California, but we’ve got a solution for you.
15:57 Despite the lower barrier to entry in other markets, you still might not have the 25% down payment needed. Here’s what you need to know.
16:41 Thinking of borrowing money from your 401k for the down payment to purchase a property? It’s a great option, but it’s not for everyone. Let’s discuss.
19:36 Creative real estate financing has served as the foundation for many individual success stories. We’ve got an example of just how powerful it can be.
22:46 Many financial pundits preach the value of paying off all debt, but mortgage debt is a different animal. Here’s why.
25:48 These are the real keys to attaining success in real estate investing.
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Links/Resources Mentioned in this Episode:
- A Place of Possibility Ep. 024: Don’t Panic: We’re Shedding Light on Current Interest Rates, Refinance Options, & Amazing First Time Home Buyer Programs
- A Place of Possibility Ep. 02: What Should I Invest in Real Estate?
- Landlord Protection Agency
- Ensure your family’s wealth will live on for generations to come. Order your copy of Endless Inheritance by Richard Del Monte today! https://aplaceofpossibility.com/endlessinheritance
- Ready to become a better investor? We’ve got the strategies you need. Download a FREE copy of our e-book, “Evidence-Based Investment Insights.” https://mailchi.mp/aplaceofpossibility/dmgevidencedbasedinsights
- Del Monte Group offers a variety of free resources to help you make innovative and educated financial decisions so that you can keep, grow, and enjoy your wealth starting now. Find them by visiting https://aplaceofpossibility.com/resources
“One-size-fits-all” won’t fit you here! The Del Monte Group team understands that everyone’s financial goals are unique. That’s why we always provide customized advice. No matter where you are in life, you can depend on our proven expertise to provide financial planning support for long-term success. Ready to get started? Schedule a meeting with Richard or Angela in our Alamo, CA based office today or we can meet via Zoom! >> You can select a date and time that works for you via our calendar, call us at 925.736.6410, or send an email to Info@APlaceOfPossibility.com. We can’t wait to help you!