EP 15: The Truth Behind Getting Started

What are the Landmines to Avoid when getting started in real estate investing? Where do you go to get started? What's the #1 mistake to avoid?

From #TheNetwork Studio inside Michigan Investment Title

Today’s Host: Erika Weichel

Today’s Guests: Frank Alcini, Jeff Shipp & Paul Jones

Our Show Sponsor:
Wright Floors, LLC

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Time Stamp:
0:00 Intro
5:00 Stumbling blocks as a new investor
5:50 Asset protection
10:00 Legal advice found on the internet can be inaccurate
13:20 Investing in other states – how to manage your entities
15:30 How many properties should be under a single LLC?
22:15 Piercing the corporate veil
24:30 Co-mingling of funds
28:30 Due on Sale Provision
32:00 How to handle squatters – new squatter law
35:00 Building a community through The Network
38:00 Figuring out your niche
41:35 Running the numbers
44:00 Figuring out repair value
47:20 Property management
51:45 Personal perspective of real estate investing
53:05 Books and audio/podcast recommendations