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Podcast 142: How to supplement your income with a real estate license and rental properties

On this episode of the InvestFourMore Real Estate Podcast, Jason Downing is our guest. Jason is a personal trainer who has bought rentals and become a real estate agent. Jason has an interesting story as he is just a regular guy with a regular job who has been successful as a part-time real estate investor. Jason is a personal trainer and knew his income was limited to how many hours he could work. He looked to supplement his income and chose real estate to help him. Jason was able to buy 7 rental property units in a couple of years, and

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I Spent Over $400,000 Last Year At Home Depot on House Flipping Materials!

Last year, I flipped 26 houses. Flipping houses is fun, and it was a huge accomplishment to complete that many flips. In order to repair that many houses, it took a lot of money! in fact, I spent $439,235.51 at Home Depot last year. I also bought 4 rentals, so not all of that money went to my house flips. However, three of my rentals needed almost no work, and I am confident more than $400,000 was spent at Home Depot on just my flips. We have a managed Home Depot Pro account, and almost all of our materials are

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Podcast 141: How to Find and Manage Great Contractors

When I am completing up to 22 flips at once, having great contractors and a system to keep track of them is vital to my business. It has taken some time, mistakes, and multiple people, but I have things running relatively smoothly now. On this episode of The InvestFourMore Real Estate Podcast, I go over exactly how I have developed my contractor system, how I hire contractors, how I find them, how I pay them, and how I use subcontractors. You can listen to the full episode by clicking the green button below How has my flipping business evolved with

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Why I Quit Being an REO (Foreclosure) Listing Agent

I found my niche as a real estate agent in the REO world. REO stands for real estate owned and is what banks call their foreclosures. As a young agent, I tried the traditional way of selling houses, but it was not a good fit for me. Part of the problem was me and being unwilling to get out of my comfort zone. When I found REO, I loved it! I was able to work with systems; there were very little emotions involved; and almost everything could be done over email. I went from selling 20 houses per year as

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One Thing That Makes People Successful Whether They Have Money or Not

I have been successful by most people’s standards. I have been in the real estate business for over 15 years, have flipped over 140 houses, have 20 rentals, and have a few nice cars. Some people may think I got lucky, but I have seen others who are even more successful than I do things similar to the way I do them. I have seen others struggle in life over and over again even though they work hard. There isn’t just one thing that makes a person successful, but there is one thing anyone can do right now to help

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Podcast 140: Agent, Property Manager, Investor Sean Morrissey in Chicago

On this episode of the InvestFourMore Real Estate Podcast, I speak with Sen Morrissey, who is a real estate investor, broker, and property manager in Chicago. Sean got into the real estate business in 2001 when he bought a rental property. He was then able to quit his corporate job by becoming a real estate agent. He has bought 23 rentals and managed over 200 properties at one time as a property manager. Sean has a very interesting story, and we hear all about it on this week’s show. Click on the green button below to listen to the podcast

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Is It Smart to Work from Home?

I have been able to create my own schedule since I graduated from college. I have been a real estate agent and real estate investor. Even though I could work from home whenever I wanted, I have worked almost exclusively at an office. There are many reasons why I like to work in an office, and I also see others work from home with varying degrees of success. I think most people work harder, smarter, and get more done when they have a workspace. What has been my experience from working at home? Once in a while, I will work

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Podcast 139: Buying a 68,000-Square-Foot Commercial Building

A couple of weeks ago, I bought a 68,000-square-foot commercial building for $2.1 million. I bought this property with a partner and also plan to open my own real estate office in the building. The building was a great deal, is less than one block from where I work now, and accomplishes one of the goals I set for 2018. I have been trying to buy a building like this for many years, and it feels awesome to finally do it. On this episode o the InvestFourMore Real Estate Podcast, I go over why I bought the building, my plans,

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Do Real Estate Agents Inflate Housing Prices?

A lot of people do not trust real estate agents, and many people even feel that real estate agents cause high housing prices. Even appraisers have told me that real estate agents are the cause of the housing market’s last downfall because they forced their buyers to pay too much money for houses. I have been a real estate agent and real estate investor for over 15 years and have my own opinions about real estate agents inflating housing prices. After being around hundreds of agents and doing thousands of deals, I think it is extremely rare that any agent

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Podcast 138: Why I Am Starting a Real Estate Brokerage

I had big goals for 2018, and so far it is starting out with a bang. I bought a 68,000-square-foot commercial property a couple of weeks ago. I wanted to buy a 50,000-square-foot or larger building this year, and along with that goal, I wanted to start my own real estate brokerage. Now that I have the building, I have already started to remodel the space I am going to move into. I wanted to start my own brokerage for a while, but I have had a lot of things going on, and I wanted to be able to rent

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