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A timewarp property which has remained unchanged since it was named ‘House of the Year’ FIFTY years ago is expected to sell for £240,000 when it goes under the hammer next month. See NTI story NTIHOUSE. The unique four-bedroom home – which is named Montana – was designed in 1966 by architect Ronald Smith. Its unusual box-shape style caught the eye of the Ideal Home Show which named it the ‘House of the Year’ in 1967. The property was built in a Canadain style on a slope with the top floor at the same level as the road with the lower floor below ground. Incredibly, the inside has remained exactly the same since the 1960s with Parana Pine wooden doors and panels dominating the interior. It has the same dated carpets and wallpaper, which are a variety of bright colours and floral patterns, as fifty years ago. The house, which is in Boscobel Road in Great Barr, Birmingham, has been owned by the same family since 1967 who have changed nothing about the interior. But it is now up for sale and is expected to attract bids of over £240,000 when it goes under the hammer at the Pennycuick Collins auction at Birmingham City Football Club on March 2.

Today is August 23rd, 2018. Tax sale is in September and October every year, so if you miss out this year, there is always next year.. I’m just here to help make sure you don’t waste your hard earned money.

So many people get really bad deals and just walk off and leave that same blighted property in the same condition which results in the current residents on that block look at this for another 2-3 years, and we never solve the problem of blighted homes om Detroit, which means property values stay down.

This is one of our ways to make sure this is done right, and you the investor can be better educated on the process and how it works.

PLEASE, I f you don’t have money to rehab a house, do not buy it and sit on it, the city will be all over you to do something to it, and they will make you board it up, and the probably with that is, Pookie and the gang will think you have something in there, and they will constantly break end.

Meaning, if no one is around on your behalf, the city will send you something again, saying, SECURE IT. Save yourself time and money, just don’t buy if your not prepared to start as soon as you get the property.

And I say all the time, you don’t have to use me at all, just as long as you know who your dealing with, or at lease do some background checks on whomever you use.

Thanks for watching The Shea Show. ( the shea show is just pure entertainment, and you might just learn something as well.

“Coming Collapse of China” author Gordon Chang discusses China’s alleged theft of U.S. intellectual property and the trade dispute between the two countries.

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Music in this video licensed through soundstripe and by Bytheway-May.

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As highly requested, here are my thoughts on Roofstock’s Turnkey Real Estate Investing, and some of the advantages and disadvantages through investing with them – enjoy! Add me on Snapchat/Instagram: GPStephan

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Get $50 OFF + FREE Coaching Call FOR A LIMITED TIME: Code THANKYOU50 – The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c

For those that aren’t aware, RoofStock is a pretty cool concept. It’s a website that analyzes single family properties positioned as rentals. The advantage for buyers is that they can access homes with renters already in them, allowing them to buy a property with immediate, predictable cashflow. The advantage to the seller is that you can sell your property with the tenant already living in the house, thereby not losing out on any rental income during the selling process.

From the BUYER perspective of things, I have to say, I really, really, like the layout a lot. The ability to go online and play with the numbers and instantly see how they affect your cash flow is awesome. Roofstock also has a “30-day money back guarantee,” where Roofstock will buy back the property if you’re unsatisfied with the purchase.

Even though the process seems very streamlined, one of the biggest flaws I see if that it doesn’t appear like you can do your own inspections on the property. They have their own certification process and they will provide you with their own inspection reports and due diligence for you to review.

My second concern is that these properties don’t seem like they’re really in prime locations. Now prime location is certainly subjective depending on who’s looking at it, but from the way I see it, these are mainly cash flowing properties.

The third downside I see with this is that there’s not really any room for improvement. I understand that this isn’t Roofstock’s target audience, and they’re going after the laid back investor who just buys and sits back…nothing wrong with that…but a buyer could get MUCH more value by buying a property, remodeling it, and renting it out themselves for a higher price than buying something turn key.

Some seller issues I could see:

Not having a sign out front of your house. Having a sign out front makes people aware that there’s a home being sold. The more exposure a home gets, the better.

Second downside…the property isn’t listed on the MLS. Again, exposure gets homes to sell at higher prices. And by not listing on the MLS, they’re excluding a LOT of buyers from even seeing that home to begin with.

Third downside, because you’re selling the home occupied with a tenant, your buyer pool is very, very small. You’re immediately excluding all the families that might want to buy that home just to live in, themselves.

So given that, honestly, I don’t really see it being a bad service. I’m pretty neutral about it. For buyers, it would be nice to do your own inspections and due diligence…and also to get the best bang for the buck, it’s definitely worth it to do the work yourself…but I get that not everyone has the time or interest in doing that, and if they’re okay paying a premium for turnkey properties, nothing wrong with that. I’m not a fan of the areas they have listed, they all seem too remote for me…which carries its own risk in desirability and the ability to re-rent the home, but that’s all subjective. It’s really, really important for a buyer to do their research into how easy the home will be to re-rent during a vacancy, and how well the areas are poised to grow…if any.

For sellers, I suppose if you want an easy, hassle free, streamlined process for sale…it seems decent. But, I also believe that you’re leaving money on the table by ONLY appealing to investors, NOT listing on the MLS, and NOT allowing for private showings. But like I said…overall, it seems decent. I like their guarantee. I like their calculators. Would I personally use it? I really doubt it. Do I think it’s a decent place to start? It can be.

For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com

Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

Favorite Credit Cards:
Chase Sapphire Reserve – https://goo.gl/sT68EC
American Express Platinum – https://goo.gl/C9n4e3

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More: https://goldsilver.com/blog/world-premiere-mike-maloneys-early-warning/ Not only is the new real estate hyper-bubble here, but signs abound that it is popping right now.
Housing demand sees biggest drop in more than 2 years
Housing market has hit a ‘significant slowdown’ in recent weeks
Mortgage rates climb as housing market loses its mojo
Mike Maloney explains how we’re in the biggest real estate bubble ever, even surpassing the subprime bubble that preceded the 2008 collapse, and how it will factor into the three-stage collapse that is coming.

If you enjoyed watching this video, be sure to pick up a free copy of Mike’s bestselling book, Guide to Investing in Gold & Silver: https://goldsilver.com/buy-online/investing-in-gold-and-silver/

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Ever wondered how so many people seem to avoid paying taxes…legally, of course, when investing in real estate? Want to know how YOU can avoid paying taxes, legally? Here’s how – enjoy! Add me on Snapchat/Instagram: GPStephan

Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/

Get $50 OFF + FREE Coaching Call FOR A LIMITED TIME: Code THANKYOU50 – The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c

Number 1: The first is that pretty much anything in real estate that relates to your business is a write off against your income. Just about anything you related to the income you make on a rental property is a BUSINESS expense, and that’s subtracted from your total income – and you pay less taxes.

Number 2: Depreciation. This is probably THE best write off in real estate. This is often how people can make thousands of dollars in profit every month, but on PAPER, they’re claiming they LOST money. In some circumstances you can even use this loss to offset other income you made!

Number 3: This is probably the most well known, and probably one of the coolest write offs in real estate… but for those who aren’t familiar with it, this is the 1031 Exchange. One of the benefits of investing in real estate is that you can INDEFINITELY defer paying taxes when you sell a property, and “exchange” it for another property to avoid paying tax on your profit.

Number Four: This would apply to most of you watching, especially if you own your own home, is the capital Gains exclusion. This capital gains exclusion means that you can make $250,000 TAX FREE PROFIT if you’re single, and $500,000 TAX FREE PROFIT if you’re married when you own a primary residence and have lived there for 2 of the last 5 years.

Number 5: There’s no tax on appreciation until you sell. This is similar to owning a stock that goes up in value, you don’t pay taxes on that stock until you actually sell…until then, any profit you’ve made is called an “unrealized gain.” Same thing in real estate. If the property goes up in value 5% annually, your net worth goes up without you owning a dime in taxes.

Number 6: The cash-out refinance and HELOC, which stands for Home Equity Line Of Credit. The benefit of this is that you get access to your money, totally tax free, without technically “making” money. In the eyes of the IRS, you don’t pay tax until you actually sell…and because you don’t sell, you don’t owe any tax. Same principle applies to a HELOC. All of the money you pull out is tax-free since technically it’s a loan and you need to pay it back.

Number 7: Rental income doesn’t pay self employment taxes, which consists of social security and medicare taxes. This means that rental income, right off the top, is taxed 6.2% LESS than that same income you’d make from you job – or 15.3% less if you’re self employed, not even including all the deductions, tax write offs, depreciation…so you can see, real estate is a good way to make some money 😉

Number 8: Mortgage interest deduction. Now this is a great one that not only applies to rental properties, where you simply just use that as an expense against rental income, but this also applies to your personal residence. The IRS says that you can deduct the interest you pay on up to $750,000 of your mortgage against your earned income, lowering the amount of taxes you’d owe.

Finally…number 9…the holy grail for real estate people…is the title called “Real Estate Professional.” Becoming a “real estate professional” opens up a lot of advantages. The biggest advantage of being a real estate professional is that you can use your PAPER LOSSES to OFFSET other earned income!

Remember: this is not financial advice, and CONSULT A CPA for any of your specific tax questions. Everyone is different and it’s important to hire someone for your own specific tax advice and needs.

For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com

Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

Favorite Credit Cards:
Chase Sapphire Reserve – https://goo.gl/sT68EC
American Express Platinum – https://goo.gl/C9n4e3

We don’t often see professors and other ‘theoretical scientists’ speak their mind outside of the box so this extended interview with Prof. Warwick McKibbin is a breath of fresh air.

Channel24 reports an Atlanta-area property company is suing Grammy-winning R&B artist R. Kelly for $203,400 over “extensive damage” to two homes he rented. The Atlanta Journal-Constitution reports SB Property Management Global, LLC., based in East Point, filed the lawsuit Wednesday. It says one home suffered damage to electric wiring, flooring, and windows and was missing items including a stove, furniture, ceiling fans and 22 light fixtures.