Be Free RE: Accelerate to Financial Independence through Real Estate

Be Free RE: Accelerate to Financial Independence through Real Estate

By John and TonyBusinessInvesting
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Be Free RE: Accelerate to Financial Independence through Real Estate episodes

  • 027 - In COVID what do I with my office space?

    Florida Tenants says "Oh yeah I forgot to say I moved out. But don't worry I left my cat to keep watch over the place"


    In this week's episode, Tony has some ideas for how you can advertise and make better use of your office space during these strange COVID times.



    19 min
  • 026 - Is it even possible to find a deal?

    Florida tenant asks, can I hang in with my wife while you fix things?


    Rates are low and prices are high. Is it really even possible to find one of those "good dealz" (Tony term) to get started in real estate? Can I get a crazy good one like I hear about online?

    31 min
  • 024 - My rental caught on fire!!! What do I do?

    Florida Tenant Says: Don't worry if the heater is out. I have this toaster and my magazines to keep me warm.

    This weeks caller Wale from NY asks: how do I restore my rental property to be marketable after a fire

    • For next time: require your tenants to have rental insurance!
    • In your lease, you should have a provision for damage due to fire being the tenant's responsibility
    • There are disaster restoration specialist companies that can help, but they are expensive. ServPro is an example of one (we are NOT sponsored/recommending them though)
    • Once the structural issues are fixed, switched out for a regular contractor.
    • Congrats on your no longer rent-controlled apartment!


      • This week's episode is brought to you by DVD players. Available on eBay for like super cheap! Pick one up for your mountain cabin that doesn't have cable or internet today! https://www.google.com/search?q=google+ebay+dvd+player

      19 min
    • 023 - I have a few properties, how do I get 10X more?

      Florida Tenant says: If I ask you come into my house in the middle of the night for no good reason, expect the unexpected!

      Today's caller is Guisseppe who asks about his current portfolio that is "small" and at 67% LTV. What is the best way to get to get it from 10 to 100?

      • Tony says: larger unit count deals are a fast way to grow your portfolio.
      • Tony thinks you need more equity to consider a refinance (he likes 50%). At most you'll get 80% LTV.
      • Partnerships/private debt. The best debt you'll find is through your network. You have 10 units done. So you have enough of a track record to offer people an opportunity for 8% on their money.



        • 24 min
      • 022 - Do I need to serve notice after a SWAT raid?

        Florida tenant asks: Can you come over to kill the spider in my rental?


        Quotes and notes from this episode:

        • Being over accommodating is NOT the trend you want to set as a landlord.
        • Even if your tenant is in jail, you need to serve them 24-hour notice before entering the property.
        • When closing a property, prioritize the tasks for the government (for example, die tests) so they don't delay your closing!
        • Keep contact info for both prospective tenants that you like but couldn't place in a unit for whatever reason and good tenants that have moved out. Remember to market to them when you have vacancies.



          • 10 min
        • 020 - Navigating a foreclosure nightmare

          Edwin writes in about a foreclosure that has plumbing and pest issues. Tony shares some advice, both for laughs and for real.

          In other news:

          • The mortgage refinance fee mentioned is on HOLD!
          • Be sure to ask your mortgage broker if they will pay for some all or some of it!
          • The national stay on evictions is NOT yet passed as of this writing. 
          • If you find a good deal, close it! A bird in the hand is better than 2 in the bush.


            • We introduce a new segment called Florida tenant, inspired by stories about crazy people in Florida. 

            Florida tenant says: The dishwasher is leaking water onto the floor, so I've only been running it once a day.

            15 min
          • 019 - You don't find deals... you make them! Tony's awesome deal

            This week we break from the normal format to walk through a deal of Tony's that will be published in the upcoming BiggerPockets book.

            • When does doing the work yourself not make sense?
            • Viewing a property for what it is today vs having a vision for what it could be
            • How good is this deal?

              • BONUS TRICK: How to save money on multifamily ceilings.

              18 min
            • 017 - Commercial (5+ unit or mixed use) loans and Marketing off of Zillow

              In this weeks' episode...


              Are considering a commercial loan? Wondering about buying a bigger deal?

              Chris is thinking about buying 3 APTs with a storefront underneath and is wondering what he should know beforehand.


              Where is the best place to market rentals?

              Zillow is planning to charge monthly/weekly for rentals. Taylor wants to know what he can do. We have a bunch of options for you to use and get good quality tenants from.




              32 min

            About Be Free RE: Accelerate to Financial Independence through Real Estate

            From the publisher's feed

            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?