Real Wealth Show: Real Estate Investing Podcast

Subsidized Housing: Landlords Benefit from Guaranteed Rent Payments

What if you could own a rental property and the government paid the rent every single month? The program is historically known as “Section 8” but has evolved over the years into something called the “Housing Choice Voucher Program.” That means that tenants who qualify for the subsidy can use their vouchers to rent from any landlord that accepts them. That’s turned into a pandemic goldmine for investors who already have these tenants in place. They don’t have to worry about collecting the rent.    Our guest today knows all about the voucher program in Chicago. He provides renovated properties and management to investors and most of his business involves tenants with subsidized housing. You’ll hear details on how the program works along with a wealth of information for investors wanting to know more about the Chicago rental market.   www.RealWealthShow.com  

Building Bridges: How to Reinvent Ourselves with “Chicken Soup for the Soul” Co-Author Mark Victor Hansen & wife, Crystal Hansen

We’re living through an unusual time right now. We've been thrown out of our normal routines into a pandemic survival mode while a cultural and political war rages around us. The situation has put many of us into a state of uncertainty over our physical health, our finances, our cultural heritage, and our political future. And when uncertainty strikes, it's time to ask questions which is the heart of my interview today.    Mark Victor Hansen changed the world with his Chicken Soup for the Soul series. And today he's back with more wisdom, along with his wife Crystal Hansen. They have co-authored a new book called “Ask! The Bridge from Your Dreams to Your Destiny.” It’s all about asking the right questions as a guide toward the discovery of your dreams and the creation of your best self. And, it's something that we all might need to do as we re-establish ourselves in a post-COVID-19 world.   www.RealWealthShow.com  

Cash Flow: Making Money on Short-Term Rentals Without Owning Them

Many people wait to invest in real estate until they have a bucket of money. But sometimes filling that bucket takes longer than expected. The good news is, you don’t have to own a property to make money from it. Our guest today is short-term rental entrepreneur, who’s built his business on something called “rental arbitrage.” This strategy entails leasing a property and then getting permission to re-lease it as a short term rental. Jon Bell started master leasing properties and renting them out on Airbnb just a few years ago, and is now bringing in about $40,000 a year “net” as a side hustle to his full-time job. And this is the bucket of money he's using to buy long-term rentals. In today’s podcast, he’ll talk about how he did it, and why he feels it’s a relatively “risk free” investing strategy.You can learn more about Jon Bell and rental arbitrage at www.ShortTermSage.com www.RealWealthShow.com  

Passive Income: Cashflowing Rentals in California at Age 27

California is not considered a landlord-friendly state. That means laws lean toward the tenant rights, not so much the property owner's rights - which means it may be difficult to evict a non-paying tenant. Additionally, property prices are high. And even though rents are also high, they are not in line with the property price. For example, in some states, you can buy a brand new home for $200,000 that rents for $1600 per month. In California, the property might be twice that price for the same amount of rent, which translates to low cap rates. Our guest today has figured out a way to address both those issues and turn his California rentals into passive cash flow machines. And the most impressive part of this story -- he’s only 27 years old. Ryan Chaw is a pharmacist by profession who began investing just four years ago. He also likes to teach other people how to do what he’s doing, and he’s here to share that strategy. www.RealWealthShow.com  

RealEstate: Investing in Tax Liens, Syndication Funds & Out-of-State Rental Property

Life is full of risk. And the risk helps us be smarter, and more strategic in the things we do. Unfortunately, the fear of failure can keep people from ever even trying. And then when we do try and fail, then going for it again can be terrifying. But I assure you, anyone who is a pro at anything took a lot of falls. Our guest today knew real estate was risky, but he was willing to jump in anyway. He learned some tough lessons, but he pulled himself back up and jumped back in. Now he's doing some really cool things with tax liens that I can't wait to share with you. and he's using those profits to buy cash flow rentals in growing markets. Darnell Randall was born and raised in Los Angeles, where owning real estate can be pretty cost prohibitive. So he's found other options. And while some didn't work out as expected, he didn't give up. Today he's here to share what's working and what his plans are next. He's a regular member at our RealWealth events, and we're so happy to have him here on the Real Wealth Show! www.RealWealthShow.com  

Cash Flow: Two CA Renters Build Wealth as Out-of-State Landlords

Real estate in California is often unattainable goal for many people, and as prices continue go up, so do the down payments. Yet, so many Californians know that real estate is what builds long-term wealth, especially now that the Fed has printed trillions of dollars to stimulate the economy. Increasing the money supply generally drives up asset values further. That's great if you already own real estate but makes it even more difficult to get in if you're just starting out.  Today's guests knew they couldn't afford a home in the San Francisco Bay Area but they wanted to get into real estate anyway. So three years ago, Erik and Jodie Carlson dove into the learning process, reading lots of books and listening to podcasts. After about a year, they jumped in and started buying single-family rentals located no where near their home in the Bay Area, a home they rent by the way. They are going to tell us how they did it on today's Real Wealth Show.   www.RealWealthShow.com  

Rental Income: How to Build A Real Estate Nest Egg at 65!

If you’re hoping to enjoy your golden years with enough money to retire, you might find today's episode very enlightening. Today’s guest hit his 65th birthday with a nest egg that just wasn’t big enough, and decided to try real estate investing. He’s now seven years into his investing plan, owns several single family rentals, and plans to buy some more.  David Jackson is with me today to tell us how he got started, and is hoping his story will inspire other seniors without enough retirement funds to invest in real estate.   www.RealWealthShow.com  

Kathy & Rich Fettke on Communication Pitfalls & How to Avoid Them

There’s a lot of talk about fake news out there. There’s a lot of confusion about who to believe. There’s a massive communication breakdown, in general, not just within our country, but between countries, organizations, friends, and families. I thought it would be a great time to invite my husband, Co-CEO and Co-Founder of Real Wealth, Rich Fettke, onto the Real Wealth Show to talk about how he helped his clients when he was a business and personal coach, and also me, as my partner in life, to be a better communicator. I thought he could bring us some really great insights.    www.RealWealthShow.com  

Retire Early: Becoming Job Optional in Your 40’s

They’ve come a long way -- from high school sweethearts to long-time spouses who've  reached financial independence. And, they have made it happen with real estate.   Today’s guests are Scott and Caroline Ceniza-Levine. They built a real estate portfolio and hit their financial goal in their late 40’s. Scott was able to retire from his IT job three years ago, and Caroline says she only works on “passion projects” because she is now job optional. They are from New York but spend much of their time at their current primary home in Northeast Florida. So what did it take to accomplish this task? What did they buy and where? Hint: They have a few rentals in Costa Rica. And, what tips would they like to share for other aspiring real estate investors?    I’m pleased to have Scott and Caroline with me today to share their story.   www.RealWealthShow.com  

U.S. Economy: When Will We Return to Normal? What Will it Look Like?

Are we looking at another foreclosure crisis? Or is all this government stimulus going to save the economy? Will the jobs come back? Will demand grow for rental housing? What's the upside for real estate investors? Our guest today is a leading economist and recognized authority on personal finance, U.S. housing, and economic trends. Cristian deRitis is Deputy Chief Economist at Moody’s Analytics and was named on two U.S. patents for credit modeling. He created loss forecasting and stress testing systems for financial institutions. He joined Moody’s in 2008, after serving as a director with Fannie Mae. He was also an adjunct professor of economics at Johns Hopkins University.   www.RealWealthShow.com