This week Bruce Norris is joined by John Schaub. John has prospered during three recessions, four tax law changes, and interest rates ranging from 6 to 16% in his 35 years as a real estate investor. His 2005 best-selling book Building Wealth One House At A Time assisted more than 100,000 real estate enthusiasts on their way to a successful investing. He recommends buying better, well-located houses rather than cheap houses and other management-intensive properties. John buys and manages his own properties and teaches building wealth one house at a time seminars each year. Here, students learn how to identify the best investment properties in their town. He also invests his time in those who cannot afford to buy their own home. He works with Habitat for Humanity and Fuller Center for Housing. Last year, he was honored for his reputation in the industry by being rewarded the Rhony Award.
Bruce discusses with John his work he did before real estate, when he first became interested in the buying model versus the flipping model, the way deals were financed when he bought inventory from builders, the amount of homes he started with that he either flipped or kept as rentals, the source of most of his deals, attributes of a good rental property, and much more on the real estate radio show and podcast.
Play Now
No comments:
Post a Comment