Get Real REI

Diversify into New Markets with REITs

Financial Advisor, Scott Cramer, joined me to discuss how the individual real estate investor can diversify their portfolio into markets never imagined. If you think now is a great time to own real estate but you are afraid of getting out there and buying and flipping houses then you might want to consider REITs (Real Estate Investment Trusts) A REIT is basically a professionally managed group of assets that all fall within a specific charter, or more plainly, are similar properties/activities.

As you will find out from Scott, REITs encompass a wide range of property types and geographic areas. If you want to invest in other states or other countries even, REITs make it possible. As with any type of investing though it is important to understand your personal investing goals and risk tolerance.

If you would like to find out more make sure you visit Scott's site http://www.cramerandrauchegger.com

Remember: Andy Heller is still offering a silly cheap deal on his REO Fortunes course offered online, check it out

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For more information visit www.getrealrei.com

Have a Plan - Take Action - Real Estate Investing Made Simple

David Veeder joined me today to talk about how he built his real estate business. Now David isn't going to tell you how he built Billions in real estate. Instead David is a guy I have known for 3+ years. He started exactly where we all do with no real estate. In a fairly short period of time he has built up his business to the point that he makes his living by owning rental homes and loaning private money. This interview is a must for anyone that is trying to figure out how to go from employee to real estate entrepreneur.

David shares...

How to figure out what type of investing is right for you
Going out and building a network of other investors
Searching out and working with a mentor to help you learn
Learning how to rehab rental properties correctly
Getting up after a tough deal
Using your money to create income in real estate without owning it

Remember if you have a story to tell make sure you go to the "Suggest an Interview" form and let us know.

Have an interest in foreclosures? You have to check out Andy Heller's Bank Owned Home training course.

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How to Build a Real Real Estate Business

Ankit Duggal started in real estate young at the age of 18. Not only did he get started he did it differently than many wanna be investors. Ankit started as a Realtor and really learned the business. Once he had that down he moved into expanding his knowledge of the business by becoming a mortgage broker and really picking up the keys to learn what it takes to finance an end buyer. With this fully in hand then he moved on to looking at investing in real estate himself. All while he was still going to school full-time!

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There is no way you won't learn a ton of great stuff from Ankit in this interview. He not only shares the nuts and bolts of his real estate business, RER, LLC. But he is going to teach you some great things about work ethic and overcoming adversity along the way.

Let me and Ankit and I know what you think in the comments below.

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Foreclosed and Distressed Property Financing

Kurt Carlton joins me on this episode to answer the BIG question. How can I get financing in today's market and once I get that first property how can I afford to keep buying more properties?

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Kurt covers topics like...

Current lending requirements for landlord properties
How to finance homes that need repairs
How to refinance properties after the repairs are done
Using your down-payment over and over
Overcoming seasoning requirements

You can find out more about Kurt at http://www.shermanbridge.com

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Sustainable and Profitable Rehabbing, Greenhabbing

I think this is a great episode, make sure you tune in and hear how Jim Simcoe stumbled into one of the hottest ways to invest in real estate today. Jim is rehabbing and consulting with other investors on how to plan and execute single and multi-family rehab projects by using sustainable and eco-friendly methods and materials.

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He learned some great along the way, it is PROFITABLE! With so many government incentives for eco-friendly projects today and the flow of other private money to the green space it is possible to rehab better and cheaper than ever before.

Jim gives the how's and why's of greenhabbing including -

Less competition in this space
Better purchase prices on homes from banks
Lower cost to rehab = greater profits
Lower overall cost of ownership for the homeowner or the landlord
More private money opportunities

Overall sustainable rehabbing is HOT and profitable. I hope you get some great info from Jim.

Get a FREE copy of Jim's 70 page report on "How to Rehab Green"

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Why Do We Rehab Houses Anyways

So this morning I was spending some time doing back research on our interview for this week's show. Yes I know this is hard to believe but I actually do research. No time is this more true than for this week's show. You see normally I know the answers to about 70% of the questions I ask before I ask them

This week we are going to talk to Jim Simcoe who is a an expert in the Green Rehabbing space. Of which I have about zero prior knowledge. Yeh I have done about 125 rehabs of my own over the years.I have coached others on what to do, and about 15% actually listened, the other 85% learned the hard way, just like I did.

Green rehabbing, or Greenhabbing as it has been coined is about as foreign to me as the idea of caring about what someone is asking for a property before I decide what to offer. So off to Google and a few places our well versed guest this week sent me.

So I started reading up on the benefits of greenhabbing, the sustainability factor, the long term profit play, the short term incentives, the health factors. It all looked really cool and then I thought, "So why do we do this?" Why do we take a house that is in crappy shape and rehab it in a way the is eco friendly and utilizes sustainable products?

Yeh long term you can increase your profit on the property, and short term their are tax incentives. But if I know most rehabbers they have the attention span and patience of a fruit fly. So reality comes in to play here and they lose that long term perspective.

No I think the fact is that people do this because they actually care. Let's face it some of us recycle, it isn't mandated in our municipality, in fact I think we pay more for it. But we still separate out as much as we can.

We live in a neighborhood that has everything the modern person could need within walking distance, restaurants, groceries, cupcake shop! Thus reducing the amount of gas and carbon footprint we leave. So yeah I think we actually do this stuff more because we care.

On the show this week we will get into some of the nitty gritty on greenhabbing. We will talk about the business end, how it helps attract a better quality tenant, higher rents, more profits long term, more government incentives short term.

Just keep in mind that us real estate investors are basically lazy. We don't do anything unless we really want to, and then when we do we do it 24-7. So remember as you hear the business case the key is you need to have a passion for it and you need to care about it. Whether it is greenhabbing, lease-options or working short sales. Success comes when you care, or more specifically the will to overcome hurdles comes from passion.