The Questions New Real Estate Investors Ask

Episode #22: Questions New Real Estate Investors Ask w/ Michael Del Prete

Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin! 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫: * 4:45 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What are some of the biggest challenges, that you guys come across when purchasing, flipping? * 7:54 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎 How do you guys budget for a surprise expense?  * 10:34 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: Do you fly to check on your properties at all or stay hands-off for the most part? * 14:00 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 When you look at your deals, what is your funding source breakdown, meaning the percent of hard money versus private money deals? * 14:43 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 Did he get rid of those squatters? * 15:21 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 Do you guys create an LLC or SP and why? * 16:52 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 For the breakdown of expenses, as far as trips dinners, do you guys do an Excel spreadsheet? Or just take a pick of receipts? * 17:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 I heard there's a cap on 10 loans. So looking at private money to keep scaling are these short-term balloon loans or amortizing these out 10 plus years? * 21:27 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 What are private loans? * 25:27 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 Why Brad does not invest in California? * 26:47 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 What is an approximate timeframe? That one has on a contract for purchase wholesale before backing out. For example, 21 days,30 days. * 28:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 Would you prefer that when looking for a private money lender, we should build a relationship with that person before asking for money? * 30:17 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐈𝐑𝐓𝐄𝐄𝐍 Is it better to have a separate LLC for each property, just in case someone sees you otherwise they could go after your property. * 31:48 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑𝐓𝐄𝐄𝐍 I've seen great cash flow in properties on paper, but have unpermitted bedroom additions, extensions, and if it appraises. Would you buy for cash flow or stay away? * 37:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐅𝐓𝐄𝐄𝐍 I'm willing to play the volume game, but closing costs is what burns too much cash on the acquisition unless I'm doing something wrong? ~~ This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses. Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses. Stay Tuned and learn more... Enjoy the show! ----- If you love listening to this podcast, please leave a review in Apple Podcasts. Tune in for the next episode. Subscribe to our podcast on iTunes and follow us on our social media pages.  To get our freebies, head over to our website www.michaeldelprete.com [www.michaeldelprete.com] and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations. --- Connect with Michael at:  Facebook [https://www.facebook.com/mrdelprete] Twitter [https://twitter.com/mrdelprete] Instagram [https://www.instagram.com/michaeldelprete/] Linkedin [https://www.linkedin.com/in/delprete] Recommended Resources with FREEBIES! Wholesale Guide:   [https://www.michaeldelprete.com/]The Cliff Note Version: By Michael Del Prete Deal Machine: [https://dealmachine.app.link/psp]  Here's a 14-day free trial! Propstream: [https://trial.propstreampro.com/propertyscout/] Give it a test drive today, with a 7-day free trial! Batch Skip Tracing: [https://www.batchskiptracing.com?fpr=mdp] Use the coupon code "AZREIA" at checkout to receive a 43% discount! Property Scout Pro: [https://www.facebook.com/groups/propertyscoutpro] Join Us on Facebook! CallCentered: [http://callcentered.com/] Ask for Scott, let him know Mike sent you. --- Grab these Opportunities For You! Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire. P.S. Without the hassles of tenants or toilets! →  15 Minute Phone Meeting [https://calendly.com/delprete/15min?month=2021-02] First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime. Also, find the show on Feedspot [https://blog.feedspot.com/real_estate_podcasts]: https://blog.feedspot.com/real_estate_podcasts [https://blog.feedspot.com/real_estate_podcasts]

Episode #21: Questions New Real Estate Investors Ask w/ Michael Del Prete

Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin! 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫: * 11:42 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: Top things to look for when looking into a new market? * 15:39 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎 I am trying to wholesale a property, but found out there are foundation issues with an inspection I have to renegotiate with the seller's advice. * 17:16 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: Do you guys start using hard money when you first started? * 18:30 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 How do you build up capital to start in this business? * 19:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 Are you guys investing in properties out of state or in the state you're in? * 22:51 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 How are you finding the deals that you're purchasing? * 24:09 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 Can you elaborate on the BRRRR method and have a private investor, but finance the renovation? * 29:28 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 Would you suggest having two property managers or more? * 30:51 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 Do you guys have a mentor program? * 31:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 What are your thoughts on a primary residence or buy and hold investment properties first * 35:42 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 How are you finding deals that you are purchasing? * 36:17 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 Is there any way you guys look for shifts in markets coming? ~~ This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses. Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses. Stay Tuned and learn more... Enjoy the show! ----- If you love listening to this podcast, please leave a review in Apple Podcasts. Tune in for the next episode. Subscribe to our podcast on iTunes and follow us on our social media pages.  To get our freebies, head over to our website www.michaeldelprete.com [www.michaeldelprete.com] and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations. --- Connect with Michael at:  Facebook [https://www.facebook.com/mrdelprete] Twitter [https://twitter.com/mrdelprete] Instagram [https://www.instagram.com/michaeldelprete/] Linkedin [https://www.linkedin.com/in/delprete] Recommended Resources with FREEBIES! Wholesale Guide:   [https://www.michaeldelprete.com/]The Cliff Note Version: By Michael Del Prete Deal Machine: [https://dealmachine.app.link/psp]  Here's a 14-day free trial! Propstream: [https://trial.propstreampro.com/propertyscout/] Give it a test drive today, with a 7-day free trial! Batch Skip Tracing: [https://www.batchskiptracing.com?fpr=mdp] Use the coupon code "AZREIA" at checkout to receive a 43% discount! Property Scout Pro: [https://www.facebook.com/groups/propertyscoutpro] Join Us on Facebook! CallCentered: [http://callcentered.com/] Ask for Scott, let him know Mike sent you. --- Grab these Opportunities For You! Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire. P.S. Without the hassles of tenants or toilets! →  15 Minute Phone Meeting [https://calendly.com/delprete/15min?month=2021-02] First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.   Also, find the show on Feedspot: [https://blog.feedspot.com/real_estate_podcasts/]

Episode #20: Questions New Real Estate Investors Ask w/ Michael Del Prete

Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin! 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫: * 02:29 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: Any quick advice on mobile home parks. * 19:41 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: Discussing seller insurance? * 27:32 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: What are some other ways you got rid of squatters? * 34:49 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: How are you guys looking for contractors? * 37:11 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: Just curious what is the most difficult step looks like? * 45:23 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: Is it expensive to address contracts? ~~ This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses. Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses. Stay Tuned and learn more... Enjoy the show! ----- If you love listening to this podcast, please leave a review in Apple Podcasts. Tune in for the next episode. Subscribe to our podcast on iTunes and follow us on our social media pages.  To get our freebies, head over to our website www.michaeldelprete.com [www.michaeldelprete.com] and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations. --- Connect with Michael at:  Facebook [https://www.facebook.com/mrdelprete] Twitter [https://twitter.com/mrdelprete] Instagram [https://www.instagram.com/michaeldelprete/] Linkedin [https://www.linkedin.com/in/delprete] Recommended Resources with FREEBIES! Wholesale Guide:   [https://www.michaeldelprete.com/]The Cliff Note Version: By Michael Del Prete Deal Machine: [https://dealmachine.app.link/psp]  Here's a 14-day free trial! Propstream: [https://trial.propstreampro.com/propertyscout/] Give it a test drive today, with a 7-day free trial! Batch Skip Tracing: [https://www.batchskiptracing.com?fpr=mdp] Use the coupon code "AZREIA" at checkout to receive a 43% discount! Property Scout Pro: [https://www.facebook.com/groups/propertyscoutpro] Join Us on Facebook! CallCentered: [http://callcentered.com/] Ask for Scott, let him know Mike sent you. --- Grab these Opportunities For You! Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire. P.S. Without the hassles of tenants or toilets! →  15 Minute Phone Meeting [https://calendly.com/delprete/15min?month=2021-02] First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

Episode #19: Questions New Real Estate Investors Ask w/ Michael Del Prete

Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin! 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫: * 05:26 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What type of expenses are different from Phoenix to Cleveland that you saw? * 13:12 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: What are your thoughts? I go to my fourth property but I don't have an LLC.  * 20:43 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: When dealing with contractors, how do we make sure they don't con us and leave with our money? * 44:00 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: How do you handle change orders when things are unexpected items? * 51:26 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: How do you make sure they're not buying materials for other projects as a newbie? * 53:33 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: When there's left something or leftover materials, do you have them save all that? * 55:48 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍: As an investor is it a good idea to be your own general contractor, or is that an idea? ~~ This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses. Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses. Stay Tuned and learn more... Enjoy the show! ----- If you love listening to this podcast, please leave a review in Apple Podcasts. Tune in for the next episode. Subscribe to our podcast on iTunes and follow us on our social media pages.  To get our freebies, head over to our website www.michaeldelprete.com [www.michaeldelprete.com] and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations. --- Connect with Michael at:  Facebook [https://www.facebook.com/mrdelprete] Twitter [https://twitter.com/mrdelprete] Instagram [https://www.instagram.com/michaeldelprete/] Linkedin [https://www.linkedin.com/in/delprete] Recommended Resources with FREEBIES! Wholesale Guide:   [https://www.michaeldelprete.com/]The Cliff Note Version: By Michael Del Prete Deal Machine: [https://dealmachine.app.link/psp]  Here's a 14-day free trial! Propstream: [https://trial.propstreampro.com/propertyscout/] Give it a test drive today, with a 7-day free trial! Batch Skip Tracing: [https://www.batchskiptracing.com?fpr=mdp] Use the coupon code "AZREIA" at checkout to receive a 43% discount! Property Scout Pro: [https://www.facebook.com/groups/propertyscoutpro] Join Us on Facebook! CallCentered: [http://callcentered.com/] Ask for Scott, let him know Mike sent you. --- Grab these Opportunities For You! Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire. P.S. Without the hassles of tenants or toilets! →  15 Minute Phone Meeting [https://calendly.com/delprete/15min?month=2021-02] First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

Episode #18: Questions New Real Estate Investors Ask w/ Michael Del Prete

Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin! 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫: * 02:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What is investing out of state? * 3:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: What are the Pros of investing out of state? * 8:59 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: What are the Con's of Investing out of state * 10:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: What advice can you give for new investors before starting investing out of state? * 14:53 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: How does invest in out-of-state work with taxes? I've always been curious about the tax implications. * 16:33 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: When should I think about quitting my job if I want to fully commit to real estate? * 20:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍: Would you recommend doing owner finance or subject to? * 25:50 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓: What should we use A lenders,     B lenders, or private money? * 33:39 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄: Who do you rely on rents? ~~ This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses. Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses. Stay Tuned and learn more... Enjoy the show! ----- If you love listening to this podcast, please leave a review in Apple Podcasts. Tune in for the next episode. Subscribe to our podcast on iTunes and follow us on our social media pages.  To get our freebies, head over to our website www.michaeldelprete.com [www.michaeldelprete.com] and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations. --- Connect with Michael at:  Facebook [https://www.facebook.com/mrdelprete] Twitter [https://twitter.com/mrdelprete] Instagram [https://www.instagram.com/michaeldelprete/] Linkedin [https://www.linkedin.com/in/delprete] Recommended Resources with FREEBIES! Wholesale Guide:   [https://www.michaeldelprete.com/]The Cliff Note Version: By Michael Del Prete Deal Machine: [https://dealmachine.app.link/psp]  Here's a 14-day free trial! Propstream: [https://trial.propstreampro.com/propertyscout/] Give it a test drive today, with a 7-day free trial! Batch Skip Tracing: [https://www.batchskiptracing.com?fpr=mdp] Use the coupon code "AZREIA" at checkout to receive a 43% discount! Property Scout Pro: [https://www.facebook.com/groups/propertyscoutpro] Join Us on Facebook! CallCentered: [http://callcentered.com/] Ask for Scott, let him know Mike sent you. --- Grab these Opportunities For You! Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire. P.S. Without the hassles of tenants or toilets! →  15 Minute Phone Meeting [https://calendly.com/delprete/15min?month=2021-02] First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.