If your tenant stops paying you rent, here is what you should do! Thanks for listening to today's Podcast Episode. Are you subscribed to our podcast? Please take a second and do so, if you are not currently a subscriber. It means so much to me to see the support! Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
Craigslist can be a great tool for real estate investors to find property at cheap prices. A lot of for sale by owner deals are posted to Craigslist as well as many rental properties and homes in rough condition. Wholesalers also tend to post their deals on Craigslist, so overall it's a great website to be on each week, browsing for potential properties to acquire. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
Learn how a direct mail campaign works and how it can generate potential seller leads that may turn into deals. Finding investment property that is off market, with zero competition from other buyers and investors is the key success trait of successful real estate investors. Set up this marketing strategy today and start reaping the benefits! Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
Learn what the term "Driving for Dollars" means in the real estate investing world as you'll likely see this across blogs, forums, and YouTube videos. It's a vocab term that relates to a strategy for finding real estate deals and properties to purchase by driving through subdivisions. Learn the step by step strategy of what to do next once you're in the car driving neighborhoods! Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
Learn 5 super important tips that you can help you get out of debt. These are DIY (do it yourself) methods for getting yourself out of debt. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
Learn what Private Mortgage Insurance is and why it's important to lenders as well as borrowers trying to buy a home. Mortgage insurance premiums get added to the mortgage payment each month, but find out who has to pay the premiums and who doesn't in today's episode. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
In this episode I'll share 4 rules of thumb to use to determine how much you can afford to spend on a housing payment and this will help you determine what price range of houses to shop for with your real estate agent, knowing that you can afford them and not be in over your head with too expensive of a monthly mortgage payment. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
Learn the reasons why someone should NOT go buy a home. Buying a home can be a great life achievement, but there are certain reasons and times when you should avoid buying a home and we'll discuss them today so you can make smarter financial decisions. Check out my real estate investing courses: https://asknickfoy.teachable.com/ Subscribe to my YouTube Channel: https://youtube.com/nickfoytv/ **This episode is for information and entertainment purposes only. It should not be taken as investment advice. Please consult your own financial advisor for help investing your money.
In this episode we cover divorce cases as a possible lead source through attorney relationships. Divorces can lead to selling of real estate property to settle the divorce and can create opportunity to get the property at a discount to its market value, creating value to an investor. Real Estate Course: https://asknickfoy.teachable.com/
Learn the basics of estate sales and how you can potentially find real estate for sale at a discounted price, leading to great opportunity as an investment property. For example, I bought a 3 unit building through an estate sale in 2017 for $32,000 that is worth over $250,000 as of today. Join my real estate investing academy --> https://asknickfoy.teachable.com/
Learn the basics of buying real estate investment property through foreclosure auctions. A foreclosed home is one that was reclaimed by the bank after the owner defaulted on the loan payments and the bank foreclosed on the loan to take back possession of the property. This creates opportunity for real estate investors to get deals cheap by purchasing these foreclosure properties from the bank. Check out my real estate course --> https://asknickfoy.teachable.com/
How much should you rent out your property for? Is there a method to easily determine the correct amount of rent to charge? In this episode I'll share several tips and methods to help you derive the proper rental amount you should be marketing the property FOR RENT so you can find a tenant and begin collecting income from your rental property. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
Learn how to network with other Landlords and rental property investors to come across potential real estate deals you can purchase to add to your portfolio of rental properties. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
When should you invest in real estate and buy rental properties to provide wealth for you and your family? Is there a specific time or period in the economy when it's best to do so? Should you wait for a market crash to start buying rental properties? Learn in today's episode my thoughts on market timing vs looking for deals all year round. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
In this episode we will discuss how much money you can make buy purchasing real estate, renting it out to tenants, and collecting rental income as a real estate investor. Rental property can be a great source of income to supplement your job income or to provide you support during retirement. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
A unique opportunity is presenting itself in a low inventory housing market. This opportunity is investing in new construction projects to profit from the home building wave that is beginning to catch wind as supply is lagging behind current demand from buyers. New construction has large profit potential as builders can sell homes marked up $30,000 to $100,000+ above the true cost to build the home. Learn more in today's episode. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
Getting a loan from a bank is no simple process. There are many steps and multiple checkpoints where the lender will request various pieces of information from you to get you through underwriting. Learn the steps and timeline of the loan approval process to better understand how financing through a bank works. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
There are two popular options most home owners will look at when getting financing from a bank to purchase real estate. (1) the 15 year fixed rate mortgage and (2) the 30 year fixed rate mortgage. We will share what each loan is and the pro's & con's of each to better understand whether you should get a 15 or 30 year mortgage to purchase your next property. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
The adjustable rate mortgage is a basic type of financing you get through most banks and lending institutions but it has some risks involved compared to getting a fixed rate loan. We will share the pro's and con's so you can understand why consumers would use an adjustable rate mortgage. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.
Let's talk loans and financing real estate purchases by getting started with the fixed rate mortgage. It's the most common mortgage that consumers take out against real estate property and one that you'll likely start with for your real estate purchases in the future. In our next episode we will discuss the adjustable rate mortgage which is the alternative option you could use to finance real estate investments. Check out my Academy of real estate investing training videos: https://asknickfoy.teachable.com/ Check out my main channel Nick Foy TV: https://youtube.com/nickfoytv/ ***The information in this episode is for entertainment purposes only. Please consult your financial advisor and attorney for any decisions regarding money management, legal entities, and contracts.