Get Real Podcast

On tap for today... we're going to take a hard look at investing outside of your comfort zone and outside of your neighborhood. If you feel like you need to be able to drive to your properties, get over it. Find a good property manager, get out of the way and let the property generate cash flow. You want income, right? You want cash flow.

There's a social media trend of people bragging about working ridiculous numbers of hours… calling themselves lions and everyone else sheep. It makes Ron and Angela crazy. They know that success doesn't require working 80-hour weeks. Success requires team building, working smart, focus, taking time to think, and enjoying a full life.

Ron hosts alone while Angela enjoys a vacation, which brings up a very important topic: do you have a real estate investing business or are you still in job mode? If you're tied to work 24/7, that's a job. A business has a well-trained and empowered team in place to keep the business humming in your absence. Rob covers 5 steps for creating a real business.

The most successful real estate investors us other People's Money in their business to buy rental properties. They're experts on the subject and are now sharing their knowledge with you. They explain various methods for correctly leveraging OPM, and explain why some methods are rare or just plain wrong. Private lenders and creative types of owner financing are discussed.

It's that time of year again... tax season. They don't give tax advice, just info. They urge you to find an accountant who's knowledgeable about real estate investing. Talk to other successful real estate investors about their approach to taxes. Depend on a tax professional to know how you can keep more of your earnings.