Marketing For Deals | Ep. #46

02/11/20 • 23 min

... and Landlord! Rental Real Estate Investing Podcast

The cover-art for this episode has multiple paper airplanes flying - but one is a different color and is soaring higher than the others. You could consider that one to be the successful attempt at flight; whereas the others failed. Well, this is what Marketing for Deals is like. Each paper plane represents a different marketing method, channel, message or attempt - and you may have no idea which one(s) will take off and soar high into the air with success; versus which will fall to the ground in failure.

To be successful in the business of Residential Rental Real Estate Investing, you must be able to find an ample number of distressed properties that can then be obtained for below there typical value - even after accounting for the rehab required. And to do that, you must be good (if not great) at Marketing for Deals. And that's what this episode of the... and Landlord Podcast is all about. Marketing for Deals and creating your Marketing for Deals Machine.

Previous Episode

LLC Obsession... Protection or Paranoia? | Ep. #45

One of my favorite quotes is... "Just because I'm paranoid, doesn't mean they're not out to get me!" - so I'm primed to be one who is paranoid about and fears the risk of proceeding in business (especially Rental Properties) - without having an LLC in place for liability and asset protection.

"What if someone slips and falls (or otherwise gets hurt) on one of my properties?"

"What if there's a fire?"

"What if there's an issue with CO2 or Radon?"

"What is someone dies!?"

If you're a Landlord and you've not asked yourself these exact questions, then you've certainly expressed some collection of concerns that if they happened - you feared ending up in court. And so you certainly wanted to have the best protections in place, such as having your business established as and properties held within an LLC. Is this valid protection for legitimate concerns or just unfounded paranoia?

Well, I actually believe BOTH are true. You certainly want to have proper protections in place for liability and asset protection. But this episode of the [... and Landlord!] Podcast is about how far too often, those who are new to business and Real Estate Investing are encouraged to spend time (and even more money) to setup an LLC (and sometimes a complex system of LLC's).

This adds cost, often complexity and may waste time. Not that an LLC (or a few) is unnecessary, but LLC's are pitched as step 1 and the first line protection against law suits for those in business - when really an LLC is nearer to being the 4th line of protection. There are other things that come BEFORE having an LLC that will provide protection and potentially keep you out of court.

So on this episode, I discuss those other things that provide protection to maybe lessen the obsession with LLC's. As you progress, you will reach a point of needing an LLC (maybe several) - but you don't need it from day one, and you certainly don't need to spend thousands on some complex out of state LLC setup from day one (if at all).

Next Episode

The Note Closers Show Podcast Host - Scott Carson | Ep. #47

I LOVE owning Rental Real Estate and being a Landlord - however, maybe it's not for you... But that doesn't mean you cannot be a Real Estate Investor - as there are ways of doing so without having to buy Real Estate and becoming a Landlord. One such means is Real Estate Note Investing. And so who better to have on the show than Scott "The Note Guy" Carson - to cover the basics of Investing in Real Estate by obtaining the Note.

Scott Carson joins us for an episode of the... and Landlord Rental Real Estate Investing Podcast - to discuss both Performing and non-Performing Note Investing. So what is Note Investing? What is a "Performing" versus "non-Performing" Note? Well listen to Scott answer these questions - and many more about Real Estate Note Investing in this 47th episode of the... and Landlord Podcast.