Real Estate Airwaves

On this episode of AM560’s Real Estate Airwaves we talk about estimating construction costs. We talk about over rehabbing and under rehabbing and the dangers of both. We also talk about the importance of creating a scope of work so you can get apples to apples bids and so you can avoid change orders once work begins. Lastly we talk about the importance of having a contingency in case the rehab goes over what you expect.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of the rehab estimator we use to estimate repairs

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On this episode of AM560’s Real Estate Airwaves we talk about the probate process. We talk about the how to get probate records, how to market to them, how to take calls and build rapport, and the importance of outsourcing the marketing.  We lastly discuss setting up a living trust so you can avoid the probate process.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of a letter we send to the executor/administrator for the estate.

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In this episode we talk about the short sale process. We talk about the importance of outsourcing the negotiations, attending the BPO, and why short sales should be an integral part of your business.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of the short sale checklist we use.

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In this episode we talk about analyzing potential rental properties. We talk about cap rates, net operating income, expenses and ways to increase income. We share different ways to hire effective property managers and how to deal with evictions.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a rental deal analyzer which will allow you analyze potential rental properties and help you determine whether they are good deals or duds.

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On this episode we talk about how to find rental property.  Some of the best free ways are websites like craigslist, public records, working with Realtors, and other wholesalers.  Some of the best paid ways are direct mail, bandit signs, print ads, and billboards.  If you are looking for commercial property then costar, loopnet, commercial brokers, property managers, and finding dilapidated commercial buildings or buildings with vacancies are all methods to acquire assets.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of the marketing we use for our print advertisements.

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On this episode we discuss purchasing rental property.  We discuss the advantages/disadvantages of multifamily, single family, condos, mixed use, and commercial properties (office, retail, and warehouse).

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of the lease we use for our tenants.

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On this episode we talk about selling your home for top dollar.  We also talk about working with buyers agents, working with listing agents and the marketing plan they should be using, getting licensed yourself, and becoming an agents assistant.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of the marketing plan that I use to sell my listings for the most amount of money in the shortest amount of time.

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If you are building your power team, you need to find a great title company, loan officer, real estate agent, and hard money lender.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a $50 title search if you live in the Chicagoland area.

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On this episode we discuss how you can raise institutional money from banks and hard money lenders.  We discuss the difference between working with the big national banks and working with the small local banks and credit unions.  We also talk about the benefits  and negatives of working with hard money lenders.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of the loan comparison calculator.

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On this episode we share the secrets to raising private money.  We talk about where to find private money and things to keep in mind regarding SEC guidelines.  We also talk about the importance of pre-qualifying your potential lenders and sources of capital that potential private money lenders have.  You will want to keep in mind how liquid the sources of capital are for your private money lenders.  Lastly, we outline the differences between debt and equity and how to present the opportunity for private money lending.

Visit www.RealEstateAirwaves.com and enter your info or call 855-5-AIRWAVES for a copy of a powerpoint presentation that you can use to pitch private money lenders.

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