23) 1 Rental at a Time & But That's Not in My Market!

Real Estate Investing with House Money

HMP 23 Show Notes

House Money Weekly

In this week’s House Money Weekly segment, your hosts discuss blog 123, “Why is my contractor ghosting me?” Alan detailed 1 out of the 3 answers as to why your contractor is ghosting you. The other 2 reasons can be found in the blog. The number 1 answer is that you are a terrible client, and you don't realize it. One reason is you’re clearly shopping quotes around all the time. Another is that you don't know what you want, and the contractor feels they are being set up for failure. The next reason is you don’t know your budget, Tom and Lauren also share their experience with getting a quote from their contractor. Lauren specifically is curious about how you get people to not think you’re rich just because you own multiple properties. Tom takes the direct approach of telling people what he thinks it should cost. The last reason your hosts discussed as to why you’re a bad client is that you are not ready when they are. To know 2 more reasons why your Contractor is ghosting you, head over to housemoheymedia.com.

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Mortgage Minute: Jasmine answers the question: Does the word “mortgage” mean death pledge in French?

Sponsored by: Jasmine Mortgage Team https://www.jasminemortgageteam.com/

Real Estate Is Easy Interview

Lauren interviews Michael Zuber, the author of the book entitled “One Rental at a Time.” His portfolio consists of 175ish units in a 60/40 commercial (5+ units) and he started this journey in 2002. Lauren asked if we’re in for another Great Financial Crisis (GFC), since prices are high again and he lived through it the first time. Michael shares what he thinks about the market right now and what will happen to the real estate market in the next few years. The good operators will succeed, which to Lauren means less competition. Michael shares that having at least 4 properties will be a good retirement plan. Lauren and Michael both think you shouldn’t start with a goal of 100 or 1000 units. Michael thinks that 90 days will be enough to learn and buy your first property. Michael also answers Lauren’s question about how to develop a buy box and being disciplined is one way. Pick a location by interviewing people to start. He bought single family homes because that’s what he knew. The two also touch on bad, average, and home run deals. Don’t buy bad deals to learn! Michael is tracking length of time on market more than ever nowadays. And lastly, real estate is easy for Michael because he sees real estate investing as a skill.

Contact our Guest: https://onerentalatatime.com

https://twitter.com/1RentalataTime

https://www.linkedin.com/in/michaelzuber

https://www.youtube.com/@OneRentalataTime

Teatime with Tom

Tom’s segment talks about getting out of the mindset of “it's not my area” and “it's not my market.” Your hosts talk about what kind of people make excuses for not investing. Lauren shares the time she was buying a property and decided not to make excuses and work with what she has. Alan also shares that you will stop making excuses if you want it and if you have a goal. Do you want it bad enough?

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Lauren:

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Alan:

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