Dive 'Beyond the Board' and unlock real estate success with insights from America’s Favorite Game. In this episode, discover four strategic lessons drawn from winning Monopoly strategies. Gain practical wisdom applicable to buying and selling real estate and turn the iconic game into a blueprint for building your real estate portfolio.

Does it ever make sense to sell your investment property(ies) and start over? In this episode Taylor shares with us the difficult decision he made to sell his investment property, reset himself financially, and what he is doing right now to prepare to get back into the real estate investment game at the right time. If you're holding on to a property that just doesn't seem to fit or is causing you more stress than it's worth, listen to Taylor's story and see if it can help you gain clarity in your own circumstances.

If you've thought about transitioning from residential to commercial real estate investments, then this is a can't-miss episode. Join our conversation with Justin Williams and learn how he and his brother utilized patience and consistency to methodically acquire great cash flowing properties before jumping into the commercial world as franchisees for a growing coffee business. You'll also hear how Justin and his brother (and their mom) maximize their individual skills in their investment partnership, and how Justin uses his experiences as a licensed therapist to guide his investment decisions.

Steven Gabrielsen, CPA is back for a BONUS episode! The feedback from his first appearance (Season 2 Episode 1) was overwhelming so we brought him back on to ask the most common questions about tax-FREE wealth, cost segregations, depreciation, and other topics!

Connect with Steven on TikTok or Instagram at @snapbackcpa

Attention Homeowners who have a super low interest rate and payment and think you'll never be able to move: Meet Jessica - a homeschooling mother of 4 who dove headfirst into the real estate investment world this year and with her husband and family kept their first home as a rental, purchased their second home, rented out a portion of it, and lowered their net mortgage payment to $200/month (!!) all while not pulling any money out of their savings to do it. Jessica opens up and shares her secrets and lessons learned on their journey toward financial security Take a listen!

Steven Gabrielson, CPA and President of Creative Advising helps us reframe how we think about the tax code and takes us deep to teach how tax-free wealth can be achieved through real estate investing. In this power-packed hour we touch on cost segregations and depreciation (and why your probably doing it wrong), the different types of income, taxation of short-term rentals and flip projects, and an array of other topics.

You can find Steven on Instagram and TikTok at @SnapBackCPA.

Other Resources:

"Tax-Free Wealth" by Tom Wheelwright

www.creative-advising.com

Imagine adding an investment property to your portfolio for less than market value, cash flowing on the property, and not paying anything out of pocket to do it. Sound too good to be true? In this episode, the owners of Build 2 Rent Utah join the show to show you how you can add a cash flowing accessory dwelling unit (ADU) to your existing property, perhaps without any money out of pocket.

Jarom and Debbie are real estate investors themselves and created a business building tiny homes on existing properties -with full kitchen, bathroom, and bedrooms - and have partnered with a local lender to assist in financing the ADU utilizing the existing equity in your home with a few different options. And they can get up up and running in about eight weeks.

In the local Salt Lake market, adding an ADU to an existing property is less expensive than purchasing a separate property and may yield the cash flow you're looking for. Take listen, then reach out to Jarom and Debbie to see if adding an ADU to your property makes sense!

Show Links:

Build 2 Rent Website (under construction)

http://build2rent-utah.com/

Mid-Term Rental Finder

https://www.furnishedfinder.com/

Debbie Hart, Security Home Mortgage

https://tinyurl.com/ckppy2zv

You purchased a rental property. Congratulations! Now what? You don't make money if you don't have a tenant and you put yourself at risk of losing money if you don't select the right tenant. In this episode we explore how to best protect your assets once you've purchased them.

Experienced property manager Kelsey Maupome joins the show to share what every property owner should know. She shares tips and tricks for those who want to self manage their properties, including how to effectively (and legally) screen for tenants, why you should advertise your listing as "pets negotiable," what perks and amenities renters want and expect right now, and why you should never use the word "deposit."

For those who don't want to self-manage, Kelsey shares the differences between large and small property managers, how to identify red flags when interviewing potential managers, and what to expect for what you pay for.

There three things you need to stop doing if you want to build wealth, though real estate or any other means. In this episode we dive into each of the three wealth-building killers and offer solutions for getting onto (or back on) the wealth-building path. We explore three scenarios: purchasing your first property, selling your home and buying your next one, and keeping your current home and buying your next one.

Don't get caught in these wealth-killing traps! Understand how and why they prevent you from accomplishing your financial goals and how to escape them if you're currently stuck.

Jake Klima joins us to explain the ins and outs of investing outside of your local market. Jake has purchased three properties outside his local market in the last 10 months using three different financing methods, including his most recent purchase using seller financing and recapturing nearly his entire investment into the property after refinancing.

Jake warns that the two things every investor needs to know when buying and rehabbing an out of state property is the After Market Value (ARV) or what the property will appraise for as well as having long term financing lined up BEFORE the purchase.

Additional Notes:

www.noradarealestate.com

Vivid Visions by Cameron Herold