Investing in real estate outside your area or even outside your country might sound scary for some and searching for a property to invest in also comes with different considerations. These properties provide higher returns than you ever expected if you're doing and buying it right. Learning what to do and selecting the people that you're going to work with is always a powerful key to successful Real Estate Investing.

In this episode, Marco and his co-host discuss the things that you should know before investing and buying a property outside your residence, avoiding or minimizing the risks and protecting your assets for a continuous positive cash flow.

WHAT YOU’LL LEARN FROM THIS EPISODE

• Risks and benefits of investing for a property outside your area or country
• Is it really important to look at the property yourself before investing?
• Reasons why you need a professional or someone who knows a lot in the area
• Significance of building your Management Team in place to manage your tenants and properties
• Disadvantages and opportunities that you may lose when you manage your property on your own
• Why you shouldn't disclose that you're the property owner?
• Some reasons why it's safer to buy properties virtually
• Similarities and differences in buying stocks and buying properties virtually
• Good things about Affordable Housing

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

There's a lot of factors you need to consider in determining whether a debt is good or bad. A simple rule is any debt that you use to generate more income is a good debt and if it doesn't do that, then it's a bad debt. Additionally, a good debt can also take form as an investment to an existing business that would pay you more money in the future.

So, is there really such a thing as good debt? Listen in if you need more help in determining whether the debt you're about to take on is good or bad!

WHAT YOU'LL LEARN FROM THIS EPISODE

• Credit card debt- is it a good or bad debt?
• Any debt that doesn't make you money is bad debt
• The Concept of Asset and Liability
• Good debt is used to generate more income
• Bad debt will require more expenses
• How to use credit card as a profit generating center?
• How to make money from borrowed money?
• How to make your house generate income 
• Get educated to know what to buy and the cashflow and to protect yourself with the right asset protection
• Is mortgage good for you?
• How to use a mortgage properly?
• Money in the bank is a bad asset
• It's the asset that you can acquire with the money is what important

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

You may realize what a difficult task you have if you are managing your rental properties on your own as the owner. Because of this, considering having a Property Manager is always a great option to run things easier. While there's a lot of benefits that you can get especially if you are owning multiple properties, there are still problems and possible danger that you may encounter. It's not bad to admit you made a mistake if you encounter these problems and you can do better if you learn from them.

In this episode, Marco and his co-hosts talk about the importance of choosing the right Property Managers to keep your property protected.

WHAT YOU’LL LEARN FROM THIS EPISODE

• Dealing with problems that you may encounter in managing Property Managers
• Why screening and interviewing Property Managers is not enough to guarantee the safety of your assets?
• Importance of conducting a background check investigation and checking references for hired Property Managers
• Learning from your mistakes in the past to effectively hire the right Property Managers in the future
• Having ownership and better practices on management
• Importance of having an audit, processes, and controls when you are owning and managing a lodge or hotel
• Having a positive thinking and proper mindset in dealing with problems managing a property

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

General contractors can be difficult to find if you're investing in real estate. It takes money and time so it is important to hire someone who is skilled, experienced, and has a great work ethic. In this episode, Marco and his co-hosts discuss why it is important for some investors to hire General Contractors for their passive income properties, the things that you should be putting in place, and knowing who you're dealing with.

WHAT YOU’LL LEARN FROM THIS EPISODE

• Roles of General Contractors for your real estate business
• Common questions that you should be asking to General Contractors before hiring them
• Why it is important to hire a REGISTERED and LICENSED General Contractors
• How to get referrals if you don't know anyone in the area or state
• Things to look for in a contract or agreement
• Importance of putting the mode of payment, payment method and its timeline in a contract
• Common factors why contractors were unable to finish the contract or job
• How to protect your assets while contractors are doing the project 

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

If you are on your direction to achieve financial success in your real estate business, it is best to keep a sharp eye on all of your costs such as utility bills and other unexpected charges to help you free up your cashflow.

Listen to this episode as Marco Kozlowski and his co-hosts, Frank Gallucio and Gabriel Araish, share their utility and meter reading horror stories in their properties and how they were able to deal with it. It is always worth the investment to obtain continuing savings both in the short and long term.

WHAT YOU’LL LEARN FROM THIS EPISODE

• How important is to keep an eye on utility costs and consumptions?
• How to prevent these out of control situations?
• Do you have to monitor these bills yourself?
• Can a management company assist you in monitoring these expenses?
• How essential is it to manage expenses and create comparison chart before and after purchase of the property?
• Double checking on the meter reading to avoid mistakes
• Dealing with tenants when these issues in bills arise
• Probable causes on utility issues
• Keeping track of people stealing powers
• Checking, observing, addressing any unusual spikes
• Talking to your management company to sort out and save utility bills and other expenses

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

“There is no try, you either do it or you don’t.” In this episode, Marco discusses what failure Is and why people are afraid of it. The hosts dive into the definition of failure, why people give up, people’s fear, procrastinating, and a plethora of other intriguing topics.

WHAT YOU’LL LEARN FROM THIS EPISODE

• Implications of failure and what it means
• How fear is different for everyone
• How you can overcome their fears and commit
• The importance of committing and not fearing failure
• Realizing that failures are an opportunity to learn, improve, and grow
• The importance of setting goals and taking calculated risks to achieve it without the fear of failure
• Why thinking big is important and why you should enjoy the journey of achieving your goals

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH MARCO KOZLOWSKI:

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

CONNECT WITH GABRIEL ARAISH:

• Instagram: https://www.instagram.com/araishgabriel/
• Twitter: https://twitter.com/GabrielEAraish
• Facebook: https://www.facebook.com/gabrielaraish9
• LinkedIn: https://www.linkedin.com/in/gabrielaraish/

As a real estate investor, having a great property manager is the most important asset we can have. But sometimes uncontrollable problems may occur and we have to deal with it as fast as we can. No real estate investor wants that cash flow go down, so it's crucial to learn and handle the situation properly.

In this episode Marco, Frank and Gabriel discuss some tips and strategies on how to deal with a bad property manager.

WHAT YOU’LL LEARN FROM THIS EPISODE

• You have to follow the process and make sure you have the tenant’s contact information.
• Things you can do to deal with absentee property manager:

1. 1. Send an inspector
   2. Process server and residency check
   3. Send a private investigator
   4. Get another local property manager in the area

• You can also call three local property management companies and say you are in the middle of shifting your focus and you want to find another property management team.
• Know your process and daily operations. Create a procedure manual to have something in place in case your property manager disappears.
• Reasons why you're having problems with your property manager:

1. 1. Process wasn't followed when hiring a manager 
   2. There no constant communication with the property manager

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH MARCO KOZLOWSKI:

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

CONNECT WITH GABRIEL ARAISH:

• Instagram: https://www.instagram.com/araishgabriel/
• Twitter: https://twitter.com/GabrielEAraish
• Facebook: https://www.facebook.com/gabrielaraish9
• LinkedIn: https://www.linkedin.com/in/gabrielaraish/

If you owns one or multiple property for any length of time whether it is outside your country, it's always crucial to know how to manage things the right way. To meet your goal in property investing it requires high effort and eventually you'll consider having someone to do day-to-day management of your real estate properties. In this episode, Marco and Gabriel discuss how to manage your Property Managers, their role and your responsibilities as the property owner, and how Property Managers help in maximizing your time and money.

WHAT YOU’LL LEARN FROM THIS EPISODE

• How to manage properties that are not in your country
• Keys to successful investing on properties outside your country
• Property Manager's responsibility
• Things that you can do to properly manage your managers
• How to ensure revenues and rents are properly collected and expenses were being checked every month
• Why is proper expectation is important and what you should expect from a Manager before hiring them
• Importance of processes, controls and systems
• How do Managers find and evict tenants
• Reasons why Managers should have experience with tenant eviction and tenant acquisition process
• What is 'bad management' and how to avoid being part of it

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

“You dictate your own life.” In this episode, Marco and his colleagues discuss how making excuses for your mistakes and procrastinating adversely affects you mentally and financially. They advise people on how you can finally change these bad habits. 

WHAT YOU’LL LEARN FROM THIS EPISODE

• Tips and tricks to reduce procrastinating and blaming others for your own mistakes
• The hosts talk about their life and how they suffered by making excuses and blaming others and how they have worked on improving others.
• They reiterate that people are responsible for their life and only they can change it.
• The importance of realizing and accepting your mistakes rather than blaming others

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

Real estate investing can be daunting for a beginning. Becoming successful in this industry is a step by steps process and is not by any means quick and easy. But, there are tricks to make life easier, sometimes it gets too easy.

WHAT YOU’LL LEARN FROM THIS EPISODE

• The first thing you need to do when you try to get into real estate is to pick the asset class
• It is recommended to not start with hotels as it is difficult to manage and execute.
• Start with Craigslist and start with a project under 5 years
• When searching for properties, try to start looking for it from the last page as craigslist consists of 45 days memory. The sellers on the last pages are relatively more negotiable and less reluctant.
• When questioning never starts with ‘is this property still available’ as it implies that the buyer is weak instead ask  ‘is this still up for sale’ - it gives a much stronger influence.
• Whenever you have a choice between buying through Owner or Broker always go for ‘by owner’ as it is much easier to negotiate with the owner themselves.

• Always ask these before purchasing

  • 1. Are there any repairs?

  • If there are repairs, how much does it cost?

  • Always ask for Address and Zip code (use it to compare its worth on other sites)

  • Are there any tenants?

  • If there are any tenants what is their gross income?

  • Who is responsible for utility expenses, tenants or the owner?

  • Inquire why are they selling it, make sure there aren’t any legal issues

• Divide the questions into series and don’t ask all the questions at once as this may discourage or confuse the seller

• Don’t judge the property from the pictures

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/