100 episodes

Real Estate Success Podcast is your ultimate source of tips and strategies that can help you short cut your path to success. Learn about what success is, why you want it and the journey you will take on your way to achieving amazing results. Real Estate Success Podcasts cover all aspects of real estate investing, including wholesaling houses, fixing and flipping houses, creative financing, private lending, self-directed IRAs and more! Each episode will expand your thinking and help you succeed massively. Join your host, real estate investor, author and entrepreneur, Jim Ingersoll, as he shares his vast knowledge of successfully implemented strategies, techniques and tips. Each weekly podcast guest will introduce you to a variety of successful business people involved in various areas of real estate investing.

Real Estate Success With Jim Ingersoll Jim Ingersoll

    • Entrepreneurship

Real Estate Success Podcast is your ultimate source of tips and strategies that can help you short cut your path to success. Learn about what success is, why you want it and the journey you will take on your way to achieving amazing results. Real Estate Success Podcasts cover all aspects of real estate investing, including wholesaling houses, fixing and flipping houses, creative financing, private lending, self-directed IRAs and more! Each episode will expand your thinking and help you succeed massively. Join your host, real estate investor, author and entrepreneur, Jim Ingersoll, as he shares his vast knowledge of successfully implemented strategies, techniques and tips. Each weekly podcast guest will introduce you to a variety of successful business people involved in various areas of real estate investing.

    Avoid A Ponzi Scheme

    Avoid A Ponzi Scheme

    Ponzi schemes are a form of investment fraud that date back to 1919 (and maybe longer ago). What is a Ponzi scheme? How does a Ponzi scheme work and why does it fail every time? How do you identify steps to take? What happens if you begin to find yourself inside a Ponzi scheme? How to Avoid a Ponzi scheme. We discuss this topic with Rich Lennon and share perspectives and opinions but we do not provide legal advice. If you find yourself in a Ponzi scheme you should find a great lawyer to help you.
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    Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, VA

    • 30 min
    Crush 2020 & Make It Your Best Year Ever

    Crush 2020 & Make It Your Best Year Ever

    How To Crush 2020 & Make It Your Best Year Ever
    Take a minute and write down your answers to the following 5 questions:
    1. Who do you want to be spending the most time with?
    2. How physically fit do you picture yourself?
    3. How much time freedom do you want and what do you want to do with it?
    4. Where will you want to travel (and with who)?
    5. What impact do you hope to be making in 2030?
    All things are possible, but first you have to know where you are heading and then believe in yourself to make it happen. You have to dig deep and really discover your “why.” Without knowing your “why” you will likely run away from your dreams as soon as you hit your first obstacles. So how do you really find your own “why?”
    2019 in review – Now take a look back at 2019 by looking through your photos on your phone (and in Facebook), review your journal, take a look at what went great and what your business struggles were. Look through your Dropbox and your journal along with the places you went and the people you met in 2019.
    Which things brought the most joy and what did you learn in your struggles? Reflection can be an important piece of planning for your future!
    "The two most important days in your life are the day you are born and the day you find out why" – Mark Twain
    I do not have the answers, but the good news is that you do. Here are some questions to ask yourself and reflect on: What does your perfect day look like and who would you spend it with? What does success look like w/o thinking about money? Who would you like to support and help if you had no constraints? What is the hardest part of failure?
    Every entreprenuer encounters huge obstacles on their road to success. The difference is how they are handled and the speed of recovery. Knowing your true “why” will help you keep going and recovery fast when you stumble on the road to success.
    “If you don’t have your own vision for your life then you will have to settle for someone else’s”  Jim Ingersoll
    What’s your plan? Need more money? Need to increase your equity and net worth? Ready to retire or pay for your kids college or maybe your daughters wedding? What relationship do you need to improve? What regret do you need to leave behind right now? What is your real, core, deep inside you “why?” What is your vision for your own future? Think in terms of health, family, financial (debt, cash flow, equity), travel plans and spiritual journey.
    2020 Goals – What are your goals for 2020? What do you want to have (financially, relationships, joy)? What do you want to do more of if you could take any path you want this year? Who do you want to be (Father/Mother, Husband/Wife, Brother/Sister, Friend, etc). Are you just getting started in your entrepreneurial journey? You will need stable cash flow from things like wholesaling or maybe try flipping some houses. You will need to learn to find off market deals, negotiate with motivated sellers, write up your own contracts and create deal flow while building your team which may include a title company/Lawyer, contractors, virtual assistants, etc. Now is a great time to work on it… Which contractors are driving you crazy? You know the type that are not around when you need them, but 10 minutes before they finally finish some work they want to get paid like you are an ATM machine. How about the ones that just bug you all day, everyday?
    Commit to taking action today on your worst contractors. Make it a goal to strengthen your contracting team. How about employees, virtual assistants and team? Following the Pareto principle, which 20% of them require the most brain damage to keep focused on your overall mission? Make today the day your becomes to fix your team and prep for the new decade.
    Most people think it is a myth that you can truly invest without your own money, but that is completely pos

    • 14 min
    The Good, Bad & Ugly of Section 8

    The Good, Bad & Ugly of Section 8

    This week's podcast is all about the Good, Bad and the Ugly of Section 8. Your host, Jim Ingersoll, covers all the bases to help you, the Landlord, see the entire picture and help you determine whether you want to rent to Section 8 tenants.
    1. What is Section 8?:
    Section 8 is a government program that dates back to the Housing Act of 1937. Section 8 pays rent for over 3 to 4 million low-income households. A variety of Section 8 programs are available to low-income tenants, but the most popular is the voucher choice program. This program will pay either a portion of the tenant’s rent or all of the tenant’s rent depending on the individual tenant’s financial situation.
    2. The Good:
    Most Landlords either love or hate the Section 8 program. They love it because they don’t have to worry about receiving full payment of their rent on-time, every single month. They don’t need to worry about checks being “lost in the mail” and a million other excuses tenants use to not pay their rent on time every month. And they love it because they can charge a lot for their rent.
    3. The Bad:
    One of the reasons that some landlords don’t like Section 8 is the government regulation involved. They don’t want the government involved with their rental properties. The government puts regulation on all Section 8 properties. The regulation includes a safety inspection when the tenant moves in and ongoing inspections at least annually.
    After the inspection process, you’ll need to fix every item on their list before the tenant is approved for move-in. The inspection criteria is more stringent than most landlords expect, so the expense can be costly.
    Section 8 agencies are typically under-staffed and over-worked. This can result in a slow process of getting through the inspections, the contracts, tenants moving in, and waiting for your first check to arrive.
    4. The Ugly:
    Another primary concern is the quality of the tenant. Landlords fear that Section 8 tenants may be rough on their property, and not properly maintain the house or call when there are issues like leaking water.
    Sometimes the tenants have large families or invite others to move in with them to share remaining expenses or even sublet out the couch. Extra people can lead to heavy wear and tear on the property.
    The way to minimize this is to fully screen Section 8 prospects just as you would non-Section 8 tenants. Landlords need to pull criminal background checks, call previous landlords, and check everything regardless if the tenant is in the Section 8 program or not.


    5. Bottom Line:
    Some landlords love the Section 8 program. There are real estate investors who have 100% of their rentals filled with Section 8 tenants. Others hate Section 8 because of the challenges managing the whole process. How about you? What are your Section 8 experiences? Did you try it out, stay with it, or drop it as fast as you could? Share your Section 8 stories with us right here in the comments section.
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    Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, VA
     
     

    • 15 min
    Joint Venture Real Estate Deals

    Joint Venture Real Estate Deals

     
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    Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, 
    VA

    • 13 min
    Use Gratitude To Grow Your Real Estate Business

    Use Gratitude To Grow Your Real Estate Business

    Why is gratitude so difficult and can it be used to grow your personal life and real estate business?
    Gratitude requires a mindset and focus shift off of yourself and onto those around you. It takes the attention away from what you do not have and places onto what you actually do have.
    Gratitude removes fear, creates focus, removes self limiting beliefs about what is possible and creates a better life.
    Who are you grateful for should include:
    1. Family - Spouse, kids, brothers/sisters, parents, etc. The real question is what specifically are you thankful for regarding each person?
    2. Realtors/Brokers
    3. Wholesalers
    4. Contractors
    5. Tenants
    6. What places are you grateful for that you have travelled to?
    7. What books have you read that you made an impact?
    8. What pets and animals are you thankful for?
    9. Who is a mentor that has helped you?
    Take this today and make a list of what you are grateful for and dig deep into why you are thankful.
    Shifting in this direction will lead to organic, natural growth in your life and in your business.
     
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    Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, VA

    • 9 min
    Break Up Your Hamster Wheel & Find Financial Freedom

    Break Up Your Hamster Wheel & Find Financial Freedom

    Check out this quick video from your host, Jim Ingersoll
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    Join Jim at Deal Maker 2020 Live February 6 - 8, 2020 in Richmond, 
    VA

    • 8 min

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