What separates a wannabe investor from a true real estate investor? There are many ways out there to learn how to invest in real estate. The difference isn’t due to lack of information. Why are some successful and others not? Quick story. For the last number of months, Spencer had trained and got into the best shape he could for his first ever Spartan Ultra Beast in Dallas, TX. The race consists of a 31 mile race, 60 obstacles throughout, and easily 8 to 10 hours of all out competition. At the end of October, Spencer completed the Spartan Ultra Beast. On the flight back from the race, Spencer thought about everything that went into being able to run a race like that, let alone compete. He came away with these 5 principles, all of which separate the successful from the rest of the pack: 1. Count the cost - is it worth it? 2. Everybody is running their own race 3. Doing it together is more rewarding 4. Your mind is either friend or fo - you decide 5. Obstacles are inevitable Listen in 🎧
In this episode you will get a special sneak peek into our new national podcast series, The Evernest Real Estate Investor. In this episode, Spencer and Gray discuss the fundamentals you need to make a great deal. From setting your investment goals and knowing how to estimate the rehab costs to making an offer. Cash is king. It is crucial to know where to look for property details, determine estimates and do your due diligence when it comes to repairs. Get to know how Gray helps our brokerage clients through this process and his vast knowledge of the industry. Over the past 10 months in 2021, Evernest’s brokerage department has made over 600 acquisitions for in-state and out-of-state investors.
Finding deals is the lifeblood of the real estate investor. In recent years, the market has been hot which has left many investors wondering how they’re going to find the deals they need to achieve their investment goals. In this episode, Spencer walks you through five different ways investors are finding deals even in today’s hot market. You’ll walk away from this episode with a fresh perspective on a an age-old problem – finding great deals!
In this episode, Spencer Sutton explains the pros and cons of self management vs property management. He lays out what we see to be the three main reasons someone starts to consider property management: - You just became an out of state investor - You're finding and leasing to the wrong people - Maintenance is getting to be too much for you Sound like you? Listen & subscribe on the platform of your choice: Apple: The Birmingham Real Estate Investor on Apple Podcasts Spotify: The Birmingham Real Estate Investor | Podcast on Spotify Website: The Birmingham Real Estate Investor – Learn, Buy, Profit
If you are a real estate investor, you will have tenants treat your property like trash. But, if they are damaging your property that is an entirely different battle. In this episode, Spencer explains how to deal with a tenant damaging your property. He answers questions you should ask yourself and shares a checklist you need to have.
Have you ever felt you were getting a great deal on a new rental property, but soon realized you made a horrible purchase? Did you buy a property on the wrong street? Was the condition of the house worst than you thought? Or was the layout simply so weird that you knew it needed to be redone altogether? All of these things can cost you thousands of dollars if not taken into consideration BEFORE you purchase. In this episode, Spencer explains the four houses you need to stay away from when purchasing your next rental.
We’ll dive into how to know if you should buy a turnkey rental property or a distressed property and fix it up yourself. There are many aspects of both that you must consider in order to make the right decision for your situation.
When it comes to owning properties, it is inevitable that you will have maintenance issues. The key is understanding the relationship between maintenance and tenant longevity. In our experience of managing thousands of properties since 2008, maintenance handled incorrectly has the ability to dash your passive income dreams. In this episode, we welcome Will Morton, Director of Property Services, to explain the three major mistakes owners make when dealing with maintenance concerns.
Most rental investors become enamored with the thought of receiving mailbox money month after month and leaving their full-time job. But few think through all of the potential pit falls before they start buying property. In this episode, we’ll walk you though the five ways we’ve seen rental investors fail and what you can do to avoid the same fatal mistakes.
You have several property management options when it comes time to lease your home. So how do you decide which property manager is your best choice? In this episode, Spencer provides his top 5 questions you should be asking a property manager before you hire them. These questions are designed to give you insight into the most important aspects of how they run their business in order to discover if it will be a good fit for you.
Do you want rent income that you can rely on? A tenant that stays longer? In this episode, Matthew and Spencer welcome Holly Atchley, our Birmingham Team Leader, to discuss Section 8. They explain the processes, the requirements, the pros and cons, and some personal experiences they have had renting to Section 8 residents.
Dani started as an out of country investor! He bought his first rental house in Arizona and that kickstarted his passion and love for real estate. What drove Dani to move to the US and become a full-time real estate investor? Like many investors, his 9-5 job was not going to provide him with the life he knew was possible. In this episode, we dive into his career as a successful mentor, how he motivates others to take action, the transition from investor to mentor, and the challenges many of his students face today.
Probably the most important aspect of owning rental property is getting the right tenant in your home. Since 2008, we have placed thousands upon thousands of great residents. In this episode, we’ll dive in with our leasing ninja, Jacob West, and explore what he and his team have done to make the past 18 months fantastic even in the middle of a global pandemic. We’ll share practical tips you can use whether you own one property or 1,000.
Most investors agree that building a rental portfolio is a solid strategy to longterm wealth creation. But that doesn’t mean that managing rental properties is your highest and best use as an investor. In this episode, Spencer shares his experience managing rentals vs having a Property management company manage it for him and how this can net you $5,000 each month.
In January, we kicked off our brokerage services as a way to help our owners and investors buy and sell investment properties. So far, it’s been a huge success and we’re beginning to offer these services in additional cities. Join us as we walk through the process, some recent deals, and other helpful investor tips in this episode.
While Forrestdale and Adamsville don’t get a lot of out-of-state investor focus, they’re a favorite of local investors. Listen in as we discuss the advantages of investing in these areas northwest of Birmingham.
There’s no doubt that the 35215 zip code has been one of the most popular areas to invest in Birmingham. From local investors to out of state investors to institutional investors - everyone has had an appetite for rental houses here. Join us as we walk through the area and describe the houses and investment opportunity you can expect to find here.
Are you an out-of-state or in-state investor trying to find your next area to invest in Birmingham? In this episode, we dive into one of the most popular areas for investors - East Lake. Learn the lay of the land and the types of properties you can expect to buy depending on if you focus on the North or the South parts of Eastlake.
Over the next several weeks we are going to be doing a deep dive into some of the best places to invest in Birmingham. In this initial episode, we walk you through the layout of Birmingham and describe the different class of neighborhoods you can expect us to cover in the next several weeks.
Not every investment is successful and not every investor succeeds. But you can make sure that careful thought and planning go into your Birmingham investment goals. In this episode we’ll walk through five reasons that investors should avoid investing in Birmingham rental properties. These lessons have come from first hand experience in dealing with thousands of investors over the past 17 years.