Rookie Podcast 77: CPA Answers Depreciation, House-Hacking, and Rookie Tax Questions

Amanda Han is a familiar face to the BiggerPockets audience. She’s been featured on the BiggerPockets podcasts before and has written multiple books published by BiggerPockets (The Book on Tax […]

* This article was originally published here

I Inherited a House, What To Do? – Should I Rent or Sell in Las Vegas?

First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?

Tons of options open for you, but…

… we can help.

We’re seasoned investors in Las Vegas real estate, and we’re looking to buy several houses each month in the Las Vegas Nevada area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here’s a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.

4) Selling a property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy Las Vegas houses for cash, as-is.

5) If the market will continue to grow faster than your other options, hang on to the investment.

We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action.

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.

7) Consider all your options.

In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Las Vegas investment experience can help you win.

8) Compare a few scenarios.

We’ll help you determine prices for any property near Las Vegas – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).

Just call us today at (888) 825-8295 or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!

* This article was originally published here

BiggerPockets Podcast 467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing […]

* This article was originally published here

466: Buying “Lottery Ticket” Investment Properties with Alan Corey

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!

Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.

His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.

His new book House FIRE teaches you everything you need to know about retiring early with real estate!

In This Episode We Cover:

• Chasing financial independence and early retirement with real estate
• Taking on “good debt” so you can grow you real estate portfolio faster
• Thinking of each property you buy as a “lottery ticket”
• Alan’s books: A Million Bucks By 30 and House FIRE
• The danger of high-interest consumer debt (like credit card debt)
• Seller financing and zero cash-flow triple net leases
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Pro Membership
• BiggerPockets Youtube Channel
• Alan Corey's Video Sampler
• Dave Ramsey
• BiggerPockets Podcast 344: “No Money” Real Estate Investing with Gabriel Hamel
• BiggerPockets Business Podcast 13: 3 Rules for Crushing It in Business with ‘Shark Tank’ Star Barbara Corcoran
• Shark Tank

Check the full show notes here: https://www.biggerpockets.com/show466

* This article was originally published here

3 Ways RjRebel Real Estate Investments LLC Can Help You Sell Your Home in Las Vegas

RjRebel Real Estate Investments LLC is a new method of buying and selling real estate, serving both buyers and sellers as a hybrid real estate brokerage. The experts at RjRebel Real Estate Investments LLC are professional investors and licensed professional real estate agents. Through this unique approach, RjRebel Real Estate Investments LLC can meet any challenges sellers face. Read on to learn about three of the ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas.

Traditional MLS Listings

While there are more expenses in this home sales method, and there is no way that RjRebel Real Estate Investments LLC  can guarantee a closing date, the extra profit is well worth the effort. Depending on the circumstances you may be facing, working with a real estate agent may be the best option for you, and our agents at RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas on the MLS. For those with properties that are market-ready and have the time, finances, and interest in going through the standard listing process, RjRebel Real Estate Investments LLC uses the most up-to-date tools and technology to market your property and bring buyers to your door. 

Direct Sale

For those who do not care for going through the prep work, arranging their schedules around showings, or having strangers touring their property, a direct sale to RjRebel Real Estate Investments LLC offers a quick and easy alternative, much like trading in a vehicle. These sellers exchange profit for convenience. We offer fast closings and pay in cash, meaning there is no need to worry about your home’s condition, prepping, or making repairs. Those sellers who can neither afford the time, costs, nor the stress of a traditional listing have the alternative of a direct sell to our professional investors at RjRebel Real Estate Investments LLC. As professional investors, we don’t charge commissions. And we have no hidden fees, clearly explaining how we reach our offer. Our agents will take the time to work with you, ensuring this is the best plan to suit your particular situation and make a fair agreement. RjRebel Real Estate Investments LLC uses easy-to-understand contracts. Direct sales to our professional investor agents are another one of the ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas. 

Alternative Options

One of the alternatives to a traditional sale of a home is working with buyers who need a little time to get their finances in order. RjRebel Real Estate Investments LLC we can help facilitate a rent-to-own agreement. This selling method opens your home to a new pool of potential buyers with much less competition. While there is the disadvantage of waiting a few years for the closing, rent-to-own agreements have advantages for you as the titleholder. You can also set a higher sales price and monthly rental fee, with some of the payment going towards the buyer’s down. Because you are risking a jump in the market, that may have meant you would have gained more selling outright at that time. At the same time, the renters are also making your mortgage payments and maintaining your home. Most agreements include the buyers being responsible for repairs and upkeep on the property. If they fail to qualify for the purchase at the end of the agreed-upon term, you will keep all deposits and payments towards the down payment. ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas

At RjRebel Real Estate Investments LLC, our job is to help you resolve your problems. When you work with RjRebel Real Estate Investments LLC, we will explain every step of the process, helping you feel confident about your decisions. Why not learn about more of the ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas? RjRebel Real Estate Investments LLC is happy to answer any questions you may have without any obligation. Send us a message or call RjRebel Real Estate Investments LLC at (888) 825-8295 today!

* This article was originally published here

4 Ways to Handle Excessive Tenant Complaints About Your Las Vegas Investment Property

As a landlord, you want to develop a relationship with your tenants, enabling them to feel free to come to you with complaints or problems. Begin every relationship with your tenants by completing thorough background checks and taking the time to reach out to former landlords and references on the application. In a perfect world, this should help you avoid serious conflict between yourself and your tenants. 

However, tenants with chips on their shoulders can reach the level of overkill in every relationship in their life. Regrettably, they may begin with you. They may focus on continually complaining to you personally about their unit, other residents, or the complex as a whole. Should you find yourself in such a predicament, just remember you are not the first landlord to face such a negative experience with their tenants. 

By examining the subject of unreasonable tenants in advance, consider yourself forewarned and take steps to arm yourself as best as possible against the possibility. We will discuss four ways you can handle excessive tenant complaints about your Las Vegas investment property.

Responsibilities

Ensure you know your lease well and clearly outline the responsibilities as a tenant and your own as the landlord. Otherwise, an annoying tenant may constantly be calling your emergency line for a replacement lightbulb. Screening your calls giving top priority to emergencies is entirely acceptable. It is advisable to document all complaints along with your response to each. Suppose an issue should escalate and force you to take legal action against a nuisance tenant as a last resort. In that case, you will have documentation showing their harassment of you and that you performed due diligence in your duties.

Compromise

Stop right now and take a deep breath. It might be time to approach your tenant and find out what is going on. Are they facing new financial circumstances and possibly going about trying to get out of the lease in the wrong manner? The first step to compromise with an upset tenant is through opening a channel for communications. Try reaching out if they understand that you are willing to work with them within reason and talk. Suppose you can not come to a mutual understanding to resolve what is bothering them. In that case, you could set out in writing which complaints you will acknowledge as being legitimate and what complaints about your Las Vegas investment property that you will ignore moving forward.

End the Misery

Do not renew your lease with a troublesome tenant if possible, being mindful always not to act from resentment or infringe on any federal guidelines governing tenants. Depending on your situation, it may be worth the vacancy and turnover expenses to alleviate yourself of this nightmare tenant. You could handle their excessive complaints about your Las Vegas investment property by offering an early opt-out option for the lease. If that is not of interest to your problem tenant, perhaps offering them, a move-out-credit could entice them to leave. You may want to provide enough in your offer to cover their moving expenses to another location nearby.

Direct Sale

Selling your house directly to RjRebel Real Estate Investments LLC is the best way to handle excessive tenant complaints about your Las Vegas investment property. If there is no end in sight to the constant onslaught of problems and demands, RjRebel Real Estate Investments LLC is here to help. RjRebel Real Estate Investments LLC pays in cash, meaning we close in a matter of days or weeks. RjRebel Real Estate Investments LLC handles everything, bypassing all the red tape and time-consuming processes with a traditional sale. Had enough of hearing complaints? Why not make your headaches go away by contacting RjRebel Real Estate Investments LLC at (888) 825-8295.

* This article was originally published here

BiggerPockets Podcast 466: Buying “Lottery Ticket” Investment Properties with Alan Corey

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. […]

* This article was originally published here

Help, I’m Behind in My Mortgage Payments in Las Vegas – RjRebel Real Estate Investments LLC

Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure

When you fall behind on your mortgage payments on your Las Vegas home, it can feel like you’re drowning in debt.

Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge.

There are a few options that can help you to avoid foreclosure in Las Vegas and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in Las Vegas have been lost to foreclosure, but there are many ways to avoid it.

Help, I’m Behind in My Mortgage Payments in Las Vegas! 5 Things You Can Do To Help Your Situation

1. Bankruptcy:

This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford.

2. Reaffirm:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making Home Affordable (MFA):

If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders choose to participate in MFA.

With MFA, your payments and/or interest rates might be lowered – even the principal balance (if your home is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.

MFA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money – you gotta work for it.

4. Negotiate with your bank:

Lots of lenders routinely offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your payment.

Most of the time, lenders will want to steer you to refinance your loan – but by the time you’re a few payments behind, you probably don’t qualify for a reduction in interest rate.

You have to work really hard to negotiate with a bank. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they’ll be willing to add a few months of payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your house at a foreclosure auction, they’ll take a huge loss.

That sounds obvious, but for some reason, bankers seem to forget it when saying no to someone in need of help.

5. Borrow money from a private investor:

If you’re behind on your payments and need to sell fast, we can help.

In certain circumstances, we may even be able to help you stay in your home.

We work with homeowners in Las Vegas to find solutions to foreclosure problems.

We’ll let you know how we can help.

Give us a call now at (888) 825-8295 or
fill out the form on this website to get started.

* This article was originally published here

Not All Real Estate Agents Are Created Equal—It Matters Who You Choose

With such a low barrier to entry, far too many real estate agents enter the industry. Many try their best, but lack the experience to know what to do. Here's why experience matters—and what to look for.

* This article was originally published here

Valentine’s Day: The Real Truth About Dating an Entrepreneur

First dates are always full of questions.

Where are you from?

Do you have any siblings?

What do you do on your free time?

And most importantly… what do you do for a living?

For some of us, this question is a game changer. The other person’s professional title always has an effect on what we think of them.

You can deny it all you want but deep down you know something changes in you when they say “I’m a _______.”

So, what if someone told you they’re an entrepreneur. Would you be impressed that they own their own business? Or would you be hesitant and think entrepreneur translates to “I don’t have a real job?”

Whatever you think, say you continue dating this person. Get past all the superficial conversations, you’re developing feelings, starting to admire the person they are. You think “wow this might be going somewhere” and you begin to feel excited for the potential in this new relationship.

If you’re dating an entrepreneur hopefully you admire their drive, their problem solving skills, their ambitions to reach their goals and their passion for their work.

You begin to appreciate their profession and might even feel a bit inspired by them.

Before you know it, the potential keeps soaring and soon you have a significant other. You’re more than thrilled and can’t wait to show them off to your family and friends.

Your confidence in the relationship and the person is growing.

Until it doesn’t.

The “honeymoon” faze comes to a halt, and all those things you had appreciated in your entrepreneur significant other have quickly become things you fault them for.

Your significant other works too much. They’re constantly picking up work calls. They’re always thinking of their business. They keep telling you “Babe, only another year of this and then I’ll cut back” but then one year becomes three, then four, then five and soon you start to wonder if they’re present in the relationship at all?

I get it, it’s frustrating. I know exactly how you feel.

I’ve been the entrepreneur significant other.

I know what it’s like to be that person that says “only a little longer, I’ll take a break after a little longer.”

I’ve heard the ultimatum: “Cody we’re broke as a joke, you only have X amount of years until you need to get a regular job.”

I’ve heard my wife’s frustration, and irritations and she has every right to have them.

I can promise you I’ve seen it all, but years later Shannon is still by my side and I know it hasn’t been easy for her.

She knows it takes a lot to build a business, she knows I face a new challenge everyday and I have to invest lots of my time and energy into overcoming those challenges.

Being second place for the longest time and waiting for me to fulfill all my promises is no walk in the park. Honestly, dating and definitely marrying an entrepreneur is one of the hardest things.

As I always say: Short-term sacrifices for long-term gains.

Shannon saw that.

All entrepreneurs need a significant other that understand that if they want a relationship that will work and be healthy, the significant other has to be willing to accept second place for some time and allow the entrepreneur to grow their business.

Entrepreneurs have to be with someone that sees there’s a long road ahead, and they’re willing to take the back seat and support their partner in living their life’s purpose.

I won’t say it’s easy as that, there will still be disagreements and fights, but there are things both parties can work through the struggles of being in a relationship with an entrepreneur.

Here’s a few that have worked for my wife and I:

1. Both parties needs to sit down and hash it all out. The entrepreneur needs to tell their partner what their long-term goals are, what their dreams are and if they want to keep chasing these things after marriage and kids are on the table. The significant other needs to decide if they’re okay with this, are they willing to be second place for some time? Does the lifestyle and goals align?

2. The next one is for the entrepreneur. When you drive to see your significant other, or you drive up to your home with them, learn how to sit in your driveway for a few minutes and think of all the challenges and issues you faced that day. Then leave it there. As soon as that door opens, your priority is your significant other, or eventually your family. Ask them about their day, let them vent to you and make sure you let them know they’re heard.

3. Finally, as you should in any relationship, learn how to read the other person. Know when they really need your time and attention and give it to them! Make small gestures, do things to remind them you love them so you can make them happy and can keep dedicating time to your business.

There will be some really great times but there will also be some really horrible times.

Always remember, you shouldn’t be looking for happiness through another person. You should both be living your life’s purpose individually, and support each other together.

To any entrepreneur, if you find that significant other that is willing to support you on this crazy path? Don’t be stupid, make sure you do everything you can to keep that person in your life.

Take care, comb your hair!

Cody Sperber out.

PS: Check out my YouTube channel for more great training!

PPS: Before I let you go, I wanted to give you my eBook! Download it here!

The post Valentine’s Day: The Real Truth About Dating an Entrepreneur appeared first on Clever Investor: Real Estate Investing Educational Training.

* This article was originally published here

How RjRebel Real Estate Investments LLC Can Help You In Ways Other Las Vegas Real Estate Agents Can’t

As technology has advanced, so too have buyers who now utilize technology to do most of their research online for their real estate transactions, from the initial home search and everything in-between. While there will always be a need for a real estate agent’s services, brokerages have evolved today into a new sales alternative, known as hybrid real estate. At RjRebel Real Estate Investments LLC, our licensed professional real estate agents are also professional investors. RjRebel Real Estate Investments LLC is a one-stop-shop with the ability to suit any needs of buyers and sellers.

Because our agents have a foot in both traditional real estate market doors, we work in harmony with real estate agents. We offer solutions for real estate agents who encounter potential buyers or sellers facing challenges better resolved by working with our professional hybrid agents and investors at RjRebel Real Estate Investments LLC. When we meet, RjRebel Real Estate Investments LLC stops and takes the time to listen to your problems, helping you understand your options and developing a strategy to meet your needs. Read on to learn more about how RjRebel Real Estate Investments LLC can help you in ways other Las Vegas real estate agents can’t.

Listing

At RjRebel Real Estate Investments LLC, for those with properties that would gain the most profit by listing on the MLS, our professional real estate agents can handle everything for you. Let our years of experience at RjRebel Real Estate Investments LLC be your guide through the real estate market maze. We walk you step by step through the process, explaining your options. Our goal at RjRebel Real Estate Investments LLC is to help you feel fully confident in the choices you make with one of the largest transactions of your life, selling your home. RjRebel Real Estate Investments LLC utilizes the most up-to-date technology when we market your home. As a bonus, listing with RjRebel Real Estate Investments LLC makes your new listing a hot inside scoop!  At RjRebel Real Estate Investments LLC, our professional agent investors have built vast networks with professionals in both the traditional real estate and investment industries, helping you in a way that other Las Vegas real estate agents can’t.

Buying Directly 

The professionals at RjRebel Real Estate Investments LLC can help you in ways other Las Vegas real estate agents can’t by working as an investor instead of a real estate agent and buying your house directly as a cash buyer. We are fully transparent with no hidden fees and work with you to reach a fair agreement on the purchase price. Some sellers simply want to trade in their existing home and move on with moving to their new home, so they appreciate the convenience offered by selling directly to RjRebel Real Estate Investments LLC. Whether you face a severe time crunch and must sell quickly, you’ve experienced a life-changing event,  such as employment in another location, or you’ve become unable to afford the upkeep and repairs on your home, RjRebel Real Estate Investments LLC can help. RjRebel Real Estate Investments LLC can close in as little as 30 days or less. And because we won’t be moving in when you move out, we can schedule the closing around your life. Delaying the date is no problem if you’re waiting to close on another property. With RjRebel Real Estate Investments LLC, you do not have to worry about cleaning, prepping for showings, or even making a single repair. You can just take what you like with you and leave the rest behind. We take all of the work, risks, and expenses onto our shoulders.

Why not find out about all of the other creative options RjRebel Real Estate Investments LLC offers to help you in ways that other Las Vegas real estate agents simply can’t. At RjRebel Real Estate Investments LLC, our professional hybrid agents and investors are more than happy to answer any questions or concerns you may have about the process, with no obligation to work with us. Send us a message or call RjRebel Real Estate Investments LLC at (888) 825-8295 today!

* This article was originally published here

Hidden opportunities Buying a House in a Bad Neighborhood

We all know that some neighborhoods are better than others and this typically affects the prices of the homes and sometimes the desirability of the house as well.

Some investors hate buying houses in bad areas, others love it. There’s drawback and there’s also some hidden opportunity.

If you are considering buying a house in a less desirable neighborhood, consider these two things first:

1. Are you buying to sell it and make a quick profit?

2. Are you buying it for ROI (Return on Investment) and cash flow?

Sometimes buying a house in a bad area is a great option, you might be looking for a quick profit and this opens up some possibilities. Quick flipping a house like this might be your best choice.

On the other hand, if the house is in good shape and you have the cash to buy it outright, you can get a 20 percent ROI on your cash purchase by renting it. Then, you could buy and hold it.

Here’s how to know if this house is worth the buy and hold:

1. You gotta know your numbers- If the rent in your area is a lot less, then you have to make a decision as to what’s acceptable to you.

2. Pick something that’s close- Don’t buy anything that’s more than a one-hour away from where you reside.

3. Consider leverage- Some would rather own a low-end house in a bad neighborhood free and clear, than have a leveraged house in a nicer neighborhood. There’s nothing wrong with leverage, but as long as you have a mortgage, you are at the mercy of the lender. Not the best position.

In general, if you are starting out in real estate, you want to start out buying and selling/ wholesaling to build up your cash, and then take that cash and buy something free and clear for high cash flow.

Wholesaling is a good way to stay liquid in the market, it limits the time you spend managing and it relieves liability from what may go wrong with your properties.

Look at the market conditions in your area. If you think you are headed for another bubble, then recognize where your market is at and adjust accordingly. If you feel it’s time to cash in before a price correction takes place, then adjust accordingly.

Always stay present and keep an eye out!

If you want to learn more about quick flips then make sure you check out the free eBook on flipping houses with little to no money down here!

The post Hidden opportunities Buying a House in a Bad Neighborhood appeared first on Clever Investor: Real Estate Investing Educational Training.

* This article was originally published here

How to Attain Financial Freedom Through Real Estate in Las Vegas

Wealth! While it may seem like a secret, you can build significant wealth and long-term passive income through investing and face your retirement years with joyful anticipation of living life on your terms. Are you ready to attain financial freedom through real estate in Las Vegas now? 

Experts in the real estate industry spend decades climbing the ladder of success through hard work, determination, and following tried and true success methods. On the other hand, they understood that there is no better teacher than failure. To avoid being caught off guard, successful investors did their homework and planned for what could go wrong accordingly. 

Area of Focus

Because the agents at RjRebel Real Estate Investments LLC have been there, they know what it takes to manage the myriad of Las Vegas real estate investment types available to diversify a healthy investment portfolio. Are you a people person, does the thought of interacting with tenants and building relationships that could last a lifetime sound like your cup of tea? Perhaps you should consider gearing towards holding investments as rental properties, increasing not only your current monthly cash flow but also building wealth over time through the equity in your assets. If you would prefer to leave the day-to-day duties to a professional, RjRebel Real Estate Investments LLC will work with you, taking on as much or as little of the responsibilities of a landlord as you wish. Maybe you are the handyman type, and flipping houses would be your dream come true. Through our vast network of professionals in every walk of the real estate industry, RjRebel Real Estate Investments LLC can help you set out a plan to make your wishes a reality.

Inventory

When RjRebel Real Estate Investments LLC finds properties, while we are building inventory for new investments, we are also solving problems for the seller and improving Las Vegas by bringing properties in a state of dilapidation back to life, which enhances the neighborhood and life in Las Vegas for everyone. RjRebel Real Estate Investments LLC adds new properties to our available inventory all of the time. There are little gems hidden everywhere, and at RjRebel Real Estate Investments LLC, we are hunting for them every day so that they are ready and waiting for buyers like you to bring them back to their full potential. The professionals at RjRebel Real Estate Investments LLC understand fully the dedication required to be ahead of the game when it comes to off-market listings. Often, homeowners want to sell but feel they cannot even list their home because of all of the out-of-pocket expenses a traditional listing entails. At RjRebel Real Estate Investments LLC, we invest heavily in marketing to help these potential sellers bring in even more properties, along with good old-fashioned footwork, driving, and searching for properties. Along with all of this, we pour through thousands of online listings, including any private listings on the Las Vegas MLS.

Ready to get started? If you want to look forward to checking off everything on your bucket list in style and you enjoy your golden years, RjRebel Real Estate Investments LLC can help you start building a profitable portfolio right now. 

The professionals at RjRebel Real Estate Investments LLC understand what it is like to stand in the shoes of a beginner. At RjRebel Real Estate Investments LLC, when you succeed, we succeed, so our full-time focus is on building your confidence as we guide you through the maze of laws, paperwork, and professionals that make up the real estate industry. All while you benefit by avoiding the costly lessons the professionals at RjRebel Real Estate Investments LLC have learned through experience. We sleep well at night because we’re proud of what we do. Our passion is helping people every day. At RjRebel Real Estate Investments LLC, we are ready to help you attain financial freedom through real estate in Las Vegas. Just contact RjRebel Real Estate Investments LLC at (888) 825-8295 today.

* This article was originally published here

Don’t Know How to Calculate Your Net Worth? I Have You Covered.

Before I first started my journey in real estate investing, I had no idea what “net worth” even was, let alone how to go about calculating my own. Now, that I have gained some experience, I get asked all the time from my students: “How do I figure out my net?”

If you are asking the same question, you came to the right place.

WHAT IS NET WORTH?

Your net worth is simply what you own minus what you owe.

For a company, this is called shareholders’ preference and may be referred to as book value.

In personal finance, net worth refers to an individual’s net economic position. Similarly, it uses the value of all assets (long-term assets) minus the value of all liabilities.

KNOW YOUR NET WORTH

Your Net Worth is not your bank account balance.

Maybe you just thought: “Yes! I got a bonus today!” Unfortunately, it’s not truly a bonus until all of your liabilities and debt are paid.

Before I became a real estate investor, I had a ton of liabilities. I decided to never have debt again. After that decision, my net worth began to increase.

GET GOOD NET WORTH

How did I get out of debt and stay there?

I followed one simple rule: If I can’t pay cash for it, I don’t buy it.

Debt is destroying people, and I’m not going to let it destroy me or any of my students. First thing you need do is calculate your net worth.

How to calculate your Net Worth:

1. Take a sheet of paper and draw a t-Bar
2. On one side, write “total debts.” Your total debts is everything you owe.
3. On the other side write “income streams.” Income streams is all revenue you have coming in.
4. Then, subtract total debts from Income streams and that will equal your total net worth.

Calculating your net worth seems confusing, but it’s really that simple. Come up with a game plan and stick to it! If I can do it, so can you.

Take care, comb your hair!

Cody Sperber

PS: Check out my YouTube channel for more great training!

PPS: Before I let you go, I wanted to give you my eBook! Download it here!

The post Don’t Know How to Calculate Your Net Worth? I Have You Covered. appeared first on Clever Investor: Real Estate Investing Educational Training.

* This article was originally published here

3 Ways RjRebel Buys Houses Can Help You Sell Your Home in Las Vegas

RjRebel Buys Houses is a new method of buying and selling real estate, serving both buyers and sellers as a hybrid real estate brokerage. The experts at RjRebel Buys Houses are professional investors and licensed professional real estate agents. Through this unique approach, RjRebel Buys Houses can meet any challenges sellers face. Read on to learn about three of the ways RjRebel Buys Houses can help you sell your home in Las Vegas.

Traditional MLS Listings

While there are more expenses in this home sales method, and there is no way that RjRebel Buys Houses  can guarantee a closing date, the extra profit is well worth the effort. Depending on the circumstances you may be facing, working with a real estate agent may be the best option for you, and our agents at RjRebel Buys Houses can help you sell your home in Las Vegas on the MLS. For those with properties that are market-ready and have the time, finances, and interest in going through the standard listing process, RjRebel Buys Houses uses the most up-to-date tools and technology to market your property and bring buyers to your door. 

Direct Sale

For those who do not care for going through the prep work, arranging their schedules around showings, or having strangers touring their property, a direct sale to RjRebel Buys Houses offers a quick and easy alternative, much like trading in a vehicle. These sellers exchange profit for convenience. We offer fast closings and pay in cash, meaning there is no need to worry about your home’s condition, prepping, or making repairs. Those sellers who can neither afford the time, costs, nor the stress of a traditional listing have the alternative of a direct sell to our professional investors at RjRebel Buys Houses. As professional investors, we don’t charge commissions. And we have no hidden fees, clearly explaining how we reach our offer. Our agents will take the time to work with you, ensuring this is the best plan to suit your particular situation and make a fair agreement. RjRebel Buys Houses uses easy-to-understand contracts. Direct sales to our professional investor agents are another one of the ways RjRebel Buys Houses can help you sell your home in Las Vegas. 

Alternative Options

One of the alternatives to a traditional sale of a home is working with buyers who need a little time to get their finances in order. RjRebel Buys Houses we can help facilitate a rent-to-own agreement. This selling method opens your home to a new pool of potential buyers with much less competition. While there is the disadvantage of waiting a few years for the closing, rent-to-own agreements have advantages for you as the titleholder. You can also set a higher sales price and monthly rental fee, with some of the payment going towards the buyer’s down. Because you are risking a jump in the market, that may have meant you would have gained more selling outright at that time. At the same time, the renters are also making your mortgage payments and maintaining your home. Most agreements include the buyers being responsible for repairs and upkeep on the property. If they fail to qualify for the purchase at the end of the agreed-upon term, you will keep all deposits and payments towards the down payment. ways RjRebel Buys Houses can help you sell your home in Las Vegas

At RjRebel Buys Houses, our job is to help you resolve your problems. When you work with RjRebel Buys Houses, we will explain every step of the process, helping you feel confident about your decisions. Why not learn about more of the ways RjRebel Buys Houses can help you sell your home in Las Vegas? RjRebel Buys Houses is happy to answer any questions you may have without any obligation. Send us a message or call RjRebel Buys Houses at (702) 572-6293 today!

* This article was originally published here

462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle

Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives.

Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country.

As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row.

In This Episode We Cover:

• The 5 fundamentals of successful real estate investing
• Going from NBA agent to full-time real estate professional 
• Finding your competitive edge and knowing where you can add value
• How to invest in a very expensive market (like Denver!)
• Cap rates, NOI, cash on cash return, and other important metrics
• How to run your organization more efficiently, so you can do more
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Youtube Channel

Check the fulls how notes here: http://biggerpockets.com/show462

* This article was originally published here

Joining a REIA Club Changed the Game for Me

If you’ve never been to a local REIA club (Real Estate Investment Association) in your area, you need to. It’s the perfect place to network and can help you build your team. Joining a REIA club is easy, and worth it!

WHERE DO I FIND A REIA CLUB?

Visit the National REIA website and look up a club in your local area. If the nearest one is far from you, don’t hesitate on attending. Trust me, you won’t regret the drive. There might be a small fee to get in at the door, but many first-time guests usually get in for free. After your first visit, there’s also usually a monthly fee to attend or an annual fee to join.

There’s typically a lot of networking going on at REIA clubs. Make sure you bring plenty of business cards with you. REIAs are great places to look for people to build your power team.

You will typically see:

-Fellow Real Estate Investors

-Property Wholesalers

-Title Companies

-Realtors

-Mortgage Companies

-Hard Money Lenders

-Inspection Services

-Termite and Mold Remediation Services

-General Contractors

-Insurance Companies

IS IT WORTH IT?

Attending REIA meetings gave me the chance to meet people from my area and make great connections. I still have those connections today! Not only did I learn a ton but I also made life-long friends in the process.

So what are you waiting for? Visit your local REIA club and get involved.

Take care, comb your hair!

Cody Sperber

PS: Check out my YouTube channel for more great training!

PPS: Before I let you go, I wanted to give you my eBook! Download it here!

The post Joining a REIA Club Changed the Game for Me appeared first on Clever Investor: Real Estate Investing Educational Training.

* This article was originally published here

463: How to Get Your First or Next Property (Step-by-Step) in 90 Days

We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days.

You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar!

This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner!

In This Episode We Cover:

• Discovering your “why” behind investing, real estate, financial freedom
• How to find deals even in competitive markets 
• Going over a live deal using the BiggerPockets rental property calculator
• How to find your “home run number” that makes a deal great
• Using the L.A.P.S funnel to never run out of deals
• Financing and funding your first property (even with no or low money down)
• And So Much More!

Links from the Show

• BiggerPockets Pro Membership
• BiggerPockets Bookstore
• BiggerPockets Podcast
• Open Door Capital
• The 90 Days Challenge
• Real Estate Investment Calculators

Click here to check the full show notes: https://www.biggerpockets.com/show463

* This article was originally published here

3 Ways RjRebel Real Estate Investments L.L.C. Can Help You Sell Your Home in Las Vegas

RjRebel Real Estate Investments L.L.C. is a new method of buying and selling real estate, serving both buyers and sellers as a hybrid real estate brokerage. The experts at RjRebel Real Estate Investments L.L.C. are professional investors and licensed professional real estate agents. Through this unique approach, RjRebel Real Estate Investments L.L.C. can meet any challenges sellers face. Read on to learn about three of the ways RjRebel Real Estate Investments L.L.C. can help you sell your home in Las Vegas.

Traditional MLS Listings

While there are more expenses in this home sales method, and there is no way that RjRebel Real Estate Investments L.L.C.  can guarantee a closing date, the extra profit is well worth the effort. Depending on the circumstances you may be facing, working with a real estate agent may be the best option for you, and our agents at RjRebel Real Estate Investments L.L.C. can help you sell your home in Las Vegas on the MLS. For those with properties that are market-ready and have the time, finances, and interest in going through the standard listing process, RjRebel Real Estate Investments L.L.C. uses the most up-to-date tools and technology to market your property and bring buyers to your door. 

Direct Sale

For those who do not care for going through the prep work, arranging their schedules around showings, or having strangers touring their property, a direct sale to RjRebel Real Estate Investments L.L.C. offers a quick and easy alternative, much like trading in a vehicle. These sellers exchange profit for convenience. We offer fast closings and pay in cash, meaning there is no need to worry about your home’s condition, prepping, or making repairs. Those sellers who can neither afford the time, costs, nor the stress of a traditional listing have the alternative of a direct sell to our professional investors at RjRebel Real Estate Investments L.L.C.. As professional investors, we don’t charge commissions. And we have no hidden fees, clearly explaining how we reach our offer. Our agents will take the time to work with you, ensuring this is the best plan to suit your particular situation and make a fair agreement. RjRebel Real Estate Investments L.L.C. uses easy-to-understand contracts. Direct sales to our professional investor agents are another one of the ways RjRebel Real Estate Investments L.L.C. can help you sell your home in Las Vegas. 

Alternative Options

One of the alternatives to a traditional sale of a home is working with buyers who need a little time to get their finances in order. RjRebel Real Estate Investments L.L.C. we can help facilitate a rent-to-own agreement. This selling method opens your home to a new pool of potential buyers with much less competition. While there is the disadvantage of waiting a few years for the closing, rent-to-own agreements have advantages for you as the titleholder. You can also set a higher sales price and monthly rental fee, with some of the payment going towards the buyer’s down. Because you are risking a jump in the market, that may have meant you would have gained more selling outright at that time. At the same time, the renters are also making your mortgage payments and maintaining your home. Most agreements include the buyers being responsible for repairs and upkeep on the property. If they fail to qualify for the purchase at the end of the agreed-upon term, you will keep all deposits and payments towards the down payment. ways RjRebel Real Estate Investments L.L.C. can help you sell your home in Las Vegas

At RjRebel Real Estate Investments L.L.C., our job is to help you resolve your problems. When you work with RjRebel Real Estate Investments L.L.C., we will explain every step of the process, helping you feel confident about your decisions. Why not learn about more of the ways RjRebel Real Estate Investments L.L.C. can help you sell your home in Las Vegas? RjRebel Real Estate Investments L.L.C. is happy to answer any questions you may have without any obligation. Send us a message or call RjRebel Real Estate Investments L.L.C. at (702) 572-6293 today!

* This article was originally published here

The Best Investing Strategies to Prepare for Economic Recovery

For real estate investors, the unexpected is inevitable. How we deal with the unforeseen is the true test of our mettle. By perfecting your strategy, market, and portfolio, it will be easier to tackle anything that comes your way.

* This article was originally published here