I read about the oil crisis in Texas. Is your book changing your life at all? The exact same thing that they blamed the banks for, they’re doing it again. You’re either owning a house or renting a house. Everyone else’s price was collapsing. We already know you’re a go-getter or you wouldn’t have 25 houses in two years. This too will test you. There’s another theory, which my good friend in the book, we did our first 450 houses together holding hands until we looked at each other and says, “We don’t need to hold hands anymore. Why was it going up? I coach seven people that are living in one place and investing way someplace else because where they live doesn’t make any sense to invest. This is not a how-to episode, but there is a lot of lessons to be had out of listening to someone’s life story. 30. Curated Podcasts Recommended by media. I looked at some other people’s courses and mine is different. It included rents because my owner-finance price was based on the rents. They’re just not for me.”. Have you ever thought about real estate investing as a path to financial freedom? Put it over there.” At a point in your life where you’ve got $100,000 a month cashflow or more, does it ever make sense for me to say, “I’m going to buy that $5 million complex for $5 million cash so I can spend all the money when it comes in because it’s going to come in again next month?”, We’re at a different season of our investing career. It challenged me to revisit what I was raised with. Don’t ever pay off a 4% loan, just go buy another place or loan it to me, I will pay you 8%. It’s like nothing. Buy and hold rentals became the answer and I jumped in. My series is My Life & 1,000 Houses. We had to figure it out because stuff was being sold for land value. The Original "No Alligator" from The Book One Rental at a Time. I had made a bunch of money in the stock market. What we did was we lived below our means. I said, “First of all, I never said this was a how-to-do-anything.” It’s autobiographical. It’s a dot on a map. Did you buy it for value? Silicon Valley hasn’t made sense as a rental in decades. Rents went up during the dot-com crash. You have a way of making complicated things rather simple to understand. At the end of the 45 days, I had 45 houses. Why kick a sleeping dog if everything’s good? I’m sure more people have gotten rich off of rentals than owner financing strategy simply because I don’t think people understood or even think about owner financing until someone shows them another side. He showed me how to owner finance them and that was my revelation. Just leave it alone. I didn’t know any different. I end up doing a 1031 Exchange and take all what turned out to be fake appreciation in my Norris Drive house that I bought for $107,000 exchange to $263,000 or $265,000. It hasn’t been this way for a decade but construction costs are under the value that stuff is selling for. It worked for me and it can work for you too. They don’t always appear. Rent a Podcast is an excellent, clean,... quiet environment for recording podcasts. The $7,500 a month started coming in, which was what I was supposed to get on the rent roll. You have to take the wealth that you make from these strategies and you have bought into something that’s forever. I almost quit because I told this guy who was a college professor at A&M. I’m building this thing up, $2.4 million minus $630,000 for the land. That guy’s book had an effect on me too. I didn’t know what it meant to have a bank say no. People ask me, “How did you get to real estate?” I said, “It’s the only thing that’s left.” You always pay for education. Find five or six of those things and enroll that into your IRA. Let us find the right podcast studio for you. Real-Time Episodes being played now. I realized that it was expensive and then started raising private money. Listen to the One Rental At A Time Podcast now! I understand the reason why these storage facilities and apartment complexes are selling in such tiny cap rates. In this market, I’m paying those things off. You made a lot of money, which was part of your problem but was also a part of the good side. For once in your life, not making a lot of money could work for you well. I’ve had this dilemma and I don’t want to sound stupid. It could be twelve months, thirteen months, fourteen months, whatever. Free trial available! Discover One Rental at a Time as it's meant to be heard, narrated by Rob Drex. He didn’t even graduate in high school. I borrowed against my 401(k). Hot Podcasts Popular shows today. It doesn’t matter as long as someone else is paying for those houses. They came back and said, “You have a voice and you have a way of explaining things that are different from other people. I love guys like you. It’s called One Rental At a Time. When you pay attention, the market tells you what to do. You think faster so you can grow faster, but it ended up being your safety net instead or your life jacket. Do you coach? A handful of them is from Los Angeles, California, the Bay Area, New Jersey and New York. I got about $3,000 down a house. It’s not going to take too long to straighten you out.”. They want to save. You can do the rental game but it’s going to test you for ten years until you get over the critical mass part where you’ve paid down enough or price of the rents have gone up enough. I woke up on that day and had 44 vacancies and that’s what scared me. I don’t know anyone that’s talking about this a whole lot. The market turns and everything we bought was two to four times what we paid for it already. In a sales job, if you’re very good at it, you can make great money because there’s this thing called accelerators. I also don’t get appreciation per se. Unit price / per . I’m not an economist but I lived through this and I saw it with my own two eyes and with my own money on the line. Florida is not the place by and large. I went to hard money first. It worked for me and it can work for you too. It has no attraction for me. It was that one book. They have to work for the next 30 or 40 years to survive. We highly recommend Rent a Podcast as the equipment quality, roominess of the studio, and accommodating attitude of Jeremy and Crystal make for an optimal experience. var sharingWindow = window.open( The next recession won’t be that way because I’ve solved that issue. You don’t have all the liabilities that come from the back fence, the backyard to the front curb in the mailbox to the front yard and all that’s in between. I want the audience out there to know, for once in your life, not making a lot of money could work for you well. Not only did rents go up but the quality of my tenants went up because people that were on the boardwalk in the Marvin Gardens and all that stuff have trade down. I’m going to read it. Five days in a row I was buying a house. I’m like, “I got it.” I’d like to thank everybody out there in the audience for stopping by to get you, Michael Zuber, One Rental At A Time. They’re saying, “We’ve got to do something with this money here. If so, One Rental at a Time will transform your life, just as it has transformed my life and the lives of thousands of others. When you create a business that’s away from you, it’s more challenging. We went all in. I didn’t have anything else to talk about. This is the third year in a row we've recommended podcasts to TIME readers. For more infor It’s not about the cost of the money, it’s about the availability if you are making great deals. A couple of them had heart attacks. 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