And here I come to the second-to-last episode of The Good Stewards Podcast. On this episode dives into real estate negotiation (which, if you're interested in, you should also check out J. Scott's book on the topic).
It's obviously a wide topic with many general lessons and specific lessons to real estate, but I think we cover it well. Enjoy:
Previous Episode: Apartment Investing
Well, Trump appears to be back and tweeting after his short bout with a virus whose dangers have been much exaggerated and the lockdowns it inspired have been mostly useless while causing massive economic damage. And of course, Trump is tweeting about the stock market,
Ahhh yes, the good ole stock market reaching all time highs in the middle of a deep recession. Perhaps "money printer go brrr" doesn't exactly make everyone well off, just Wall Street.
Indeed, as The New York Times reported, the big are starting to simply gobble up the small.
"The essence of the problem is that during the extended economic crisis created by the coronavirus pandemic, many large companies — and especially their stock market values — have been growing rapidly while their small business competitors have faced something of an apocalypse. More than 400,000 small businesses have already closed and millions more are at risk.
On the other hand, here's how Amazon has done this year:
This is an absolutely massive and growing problem. And it really doesn't seem like either Trump or Biden has much to say about it.
In this episode of The Good Stewards Podcast, we take a dive into apartment investing. We specialize in houses, but have done some apartments as well. (Like this 29-unit apartment which went not-so-well, at least at first, and this 32-unit apartment that went great.)
Here we discuss how to approach apartment investing and what makes for a good deal. Check it out:
Previous Episode: The Impact of Property Taxes
I hope you enjoy:
As I round out the last of The Good Stewards Podcast episodes, we come to this one on property taxes. Normally, property taxes are just kind of there and rather boring. Recently, we've had some real issues with them. In 2019, Jackson County, MO raised their property taxes through the roof in a very haphazard way. It was a big scandal and a huge headache for a lot of people. I had to challenge hundreds of property tax assessments.
But you can challenge them and we did pretty well. Our taxes went up significantly, but not catastrophically. How to deal with property tax increases (or just property taxes in general) is the subject of this episode. Check it out:
Previous Episode: How to Utilize the MLS as and Agent or Not
Is the real estate market about to fall off a cliff? Are we starring another 2008-financial crisis in the face? Or perhaps 1970s-style stagflation? Another Great Depression?
And what should real estate investors do to prepare and/or take advantage of this?
Well I'm glad you asked (sort of). Phillip and I answer those questions and more on our most recent video from our Youtube channel:
- How to Positively Resolve Tenant Disputes
- Interview with Jay Papasan on Scaling
- How to Screen Prospective Tenants
- How to Manage Collections and Delinquency
- A Guide to Due Diligence for Buying Houses
- How to Find Banks for Your Investment Properties
- A Crash Course on Building a Buy and Hold Real Estate Business
And don't forget to subscribe to our Youtube channel here!
The economy is in a deep recession yet the stock market has just hit an all-time high (after taking a record breaking dive earlier this year) and the real estate market is still going strong. Unemployment hit its highest mark since The Great Depression in April at 14.7 percent and is still high at 8.4 percent. So what should real estate investors do in this wacky market?
Well, I'm glad you asked. That's what my most recent piece for BiggerPockets covers,
"My normal advice to new investors is to jump in sooner rather than later. It’s easy to get stuck endlessly reading books and listening to podcasts and never actually starting. My normal advice doesn’t necessarily apply right now.
I go into much more detail in the piece, so check it out!
Whether or not one should become a real estate agent is a question real estate investors hotly debate. For example, here's a BiggerPockets take in favor and here's one opposed (more or less). I lean in favor.
Regardless, having access to the MLS is a huge benefit. At the least, you want an agent who will provide comps to you on quick notice. On this episode of The Good Stewards Podcast, we discuss how to go about using the MLS (whether you decide to become and agent or not).
Previous Episode: Why Buy and Hold?
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
Consulting by RPM