Weekly WIT, October 31, 2022

This week in Summary

Investing Tip of the week

Q: When investing in Real Estate what is considered a good return on investment?

 

A: A good return of course is relative compared to the entire world of things that you can get a return on. The number I’m about to give you is not going to sound big and sexy, but hear me out. If, after all of your expenses you’re getting around 7 or 8%, you’re doing okay. Is it possible to do better? Yes, it’s possible and there are things that do better.

 

For example, if you were in the Index Fund in the stock market in 2010 when the market was down, all of 2017 you did better, but there is nothing consistent about stock. The thing about stock is a stock certificate has no intrinsic value. It could become worthless. The thing I really like about real estate is the value of it never goes to zero.

There are folks out there with a bunch of money deciding that they are okay with a 3% return.  I would regard that as a disaster because there are so many things that you can do with your money to get a return higher than 3%. This is not investment advice, we just give information based on our research and experience.  So 3% is not good, but a 7 or 8% return is solid.

Joke of the Week

Here are a few more Halloween jokes for you.

 

  1. Why do ghosts go on diets? So they can keep their ghoulish figures

  2. Where does a ghost go on vacation? Mali-boo.

  3. Why did the ghost go into the bar? For the Boos.

  4. What is in a ghost’s nose? Boo-gers.

  5. Why did the policeman ticket the ghost on Halloween? It didn’t have a haunting license.

  6. Why do demons and ghouls hang out together? Because demons are a ghoul’s best friend!

  7. Why did the ghost starch his sheet? He wanted everyone scared stiff.

  8. What does a panda ghost eat? Bam-BOO!

  9. Why did the ghost quit studying? Because he was too ghoul for school.

  10. What’s a ghost’s favorite dessert? I-Scream!

  11. Where do ghosts buy their food? At the ghost-ery store!

  12. How do you know when a ghost is sad? He starts boo hooing.

  13. What did Dracula say when the witch and the warlock started kissing? Get a broom!

  14. How do you know you’ve been ghosted? The poltergeist doesn’t text you back.

  15. What’s a ghost’s favorite play? Romeo and Ghoul-iet.

  16. What does a ghost mom say when she gets in the car? Fasten your sheet-belts.

  17. What kind of horse do ghosts ride? A night-mare

  18. What room does a ghost not need in a house? A living room.

  19. How do ghosts send letters? Through the ghost office.

Blessing of the week

May you get all your wishes but one

So you always have something to strive for.

The Flipping America Show

Episode 564 Zero Down
October 19, 2022
People have been teaching the “no money down” method of real estate investing for many years now. Long before I had heard the name of any real estate teachers I was doing my own version of “no money down” deals. I had bought and sold more than 500 houses – full fix and flip projects before I used a dime of my own money in a deal. Today I’ll tell you how.
Episode 565 The Deferred Sales Trust

October 19, 2022
You can sell a property that has a massive capital gains tax liability that you can put off or perhaps eliminate by using a Deferred Sales Trust. You’ll need an expert to set this up and I have one for you today. 

I really like what my friend, Roger Herring says about paying taxes. We have no obligation to sign up to pay the maximum amount of taxes. Tax breaks are built into the tax code and we should endeavor to use all of them. 

Brett Swarts is considered one of the most well-rounded Capital Gains Tax Deferral Experts and informative speakers in the U.S. He is the Founder of Capital Gains Tax Solutions, is an exclusive Deferred Sales Trust Trustee, host of the Capital Gains Tax Solutions podcast and an eXp Commercial Multifamily Broker in Sacramento,CA. He will join us in a few moments and we will unpack the Deferred Sales Trust.

Episode 566 Commercial Capital

October 24, 2022
Commercial real estate is similar in many ways to residential real estate, but one thing is vastly different: commercial capital. We need an expert, and I have one for you today. Paul Winterowd is joining us on this episode of Flipping America.

Commercial capital differs not just in the amount of money but also in the complexity and the number of players. In short, the different components of capital deployed in a commercial deal are called the funding stack, or capital stack. Paul will explain further in just a few moments.

Paul is both an expert debt provider and an active multi-family practitioner with real world experience investing in multifamily assets both as a general and limited partner. Because of his experience on the investment side of the business, he has deep insight and empathy for his clients’ needs as he helps them navigate through the financing process. Paul has successfully sourced financing across the country for market rate and affordable apartment buildings, student housing, and seniors housing projects.

Flipping America News

We are in a huge project that could make FlippingAmerica.net one of the most useful resources for real estate investors on the internet. No kidding. We are posting show notes and transcripts (where available) along with a play button for all 566 shows made so far. The best part? These shows will be searchable. Say you want to hear every show Roger has done on single family rentals. Put in that search term and see a list of all the shows that included that phrase. Coming very soon!

 

Got a funny, clean joke? An interesting real estate story? Submit them to info@flippingamerica.net.

Real Estate News

More Evidence of a slowing market

 

Law firms and title examiners around the country have begun laying off workers. This is due to the real slowdown in sales and expectations that volume will remain low for a year or more. 

 

Stack some cash now and get ready. By January you’ll start seeing some opportunities that haven’t been around in years.

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