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The Michael Quarles Real Estate Show

Michael Quarles is here to help you succeed in real estate investing. Whether you want to learn passive or massive investing, we will cover topics like Lease Options, Subject To, Seller Financing, Negotiation, Rehabbing, Marketing, Presentation, Shortsales, Rent to Own, and Owning Rentals. This show will offer solid information from seasoned investors that you need to succeed. It doesn’t matter if you are brand new to the real estate investment business or are a seasoned investor our podcasts will help you gain the information to be successful. Full show notes for all episodes are available at MichaelQuarles.com
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Now displaying: November, 2016
Nov 30, 2016

Michael Quarles covers whether or not you should choose between cash or term offers, and more…

Seller thinks as is condition is around 75k. Based on recent sales in the area, I think it could appraise around 80k-85k. The average sale price in the area is $69,700 and the county assessment is $63,900.  Based on the pictures of the interior and the exterior condition, the house doesn’t look it needs hardly any work, if any at all. We drove past the house also and the exterior of the house is very well maintained. I would like to keep this as a rental if possible.Seller wanted 69k as her lowest offer and she is willing to do seller financing. She wants full payment in 5 years and 5% interest OR she is willing to go down to $64,500 if we pay cash. She is getting rent for $1000 a month. She said the tenant has been there for 7 years and has never been late and pays on time every month. Taxes and Insurance is roughly $212.55, I factored in $100 for property management fees, and $150 total for vacancy, capital expenditures, and repairs. Her one objection is she has done seller financing before and had difficulties with getting payment on time so she wants to know how we would handle this.  I don’t know where to go from here to make this deal work for me. I was playing around with the idea of paying cash and then getting someone to finance a mortgage for me or doing the seller financing for her terms. I am unsure how to figure out a balloon payment in 5 years with 5% interest though. We would like a cash flow of $200 a month but don’t want any less than $100 per month. I was gathering that she would prefer to have the cash and be done with it but she is open to options.

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

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  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Nov 28, 2016

Episode Summary

Michael Quarles interviews Mark Walker about his Real Estate Journey from working Part Time and Full Time jobs, to becoming the founder of Luxmana Investment. Mark thrives as a Multifamily Investor, and also has successfully overseen the operations of his own assets, and that of other investors.  Mark discusses what he best likes about Multifamily homes, as well as his goals he sets for himself. He informs us on what intrigued him the most about Passive Income, and how to increase Passive Income on properties.

Covered in This Episode

  • 0:42 – Mark tell us about yourself?
  • 01:41 – When did you decide to become a Full Time Investor?
  • 03:05 – What type of Property Investments do you do?
  • 04:19 – What intrigued you about Passive Income?
  • 06:21 – What are some fun things you like to do?
  • 07:24 – What’s your goal in Real Estate?
  • 09:19 – What do you like most about Investing in Multifamily Homes?
  • 10:17 – Give us an idea on how to Increase Passive Income on Properties?
  • 12:32 – How to get my free guide?
  • 13:35 – How do you find Properties?
  • 15:55 – Do you only Invest in Colorado?
  • 18:02 – Were you afraid to get into the Multifamily Investing Market?
  • 19:35 – What are some other Characteristics you look for in your Market?
  • 23:24 – Why do you choose Used Properties over New Properties?
  • 26:11 – What are the advantages of having a Business Partner?
  • 27:15 – Have you had any experience in building your own Properties?
  • 28:31 – What haven’t I asked you that you want to talk about?

Tweetables

 
 

Links Mentioned

Luxmana Investments Company URLs:

Mark Walker Personal URLs:

LinkedIn
BiggerPockets

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!

  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131
Nov 23, 2016

Michael Quarles covers which form of Sweat Marketing works best, and more…

  • I’ve been trying to sell a house here are the numbers. We had a BPO done as is value is$120k value the owner is trying to sell on his own. FSBO listed price $109k its been listed FSBO for 5 months. We can wholetail it for $115, maybe $118k does this deal make sense?
  • What is the best form of sweat marketing?
  • I want to buy and hold properties. If I only want to buy and hold properties, how can I get a real estate agent to get the DOM for me? What’s in it for him?
  • When we are filling out our repair sheet at the house are we writing down all the repairs to bring to ARV comps or just items that will match with our as is comps.
  • In the two part seller script why is it important to ask the homeowner to locate the deed when you go out there to buy the house. Is it really that important that the homeowner have the deed.

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Nov 21, 2016

Episode Summary

Michael Quarles interviews Damion Lupo, who has started and owned more than 30 different Companies. Damion is a 5 time Author, and sought after financial consultant for Investors and Business Owners. Damion lives by his personal philosophy which centers on Self Responsibility, and the path to freedom is through growth, and a big vision. His big vision is what drove him to found Total Control Financial in 2016.

 

Covered in This Episode

  • 01:47 – Damion gives us his background being in the Real Estate world.
  • 03:51 How Damion made his first million dollars and several after that.
  • 04:21 Damion tells his 07/08 downfall story.
  • 05:49 What was the most important thing you learned on the trip down the mountain (your downfall)?
  • 07:57 Tell me about the length of harvesting that you like?
  • 10:08 What was your experience being a landlord?
  • 10:54 What are some fun things you like to do?
  • 12:40 How do you connect your hobbies with Real Estate?
  • 14:15 Tell us about your family life!
  • 15:14 Tell me about the Mission that you’re on?
  • 17:32 Can you tell us about self directed IRA’s?
  • 22:18 What is EQRP and how to get started?
  • 22:52 How to get my FREE book
  • 22:23 Using the EQRP for flipping houses or holding houses.
  • 26:07 Is avoiding taxes illegal?
  • 26:57 Who are the influences in your life?
  • 28:52 Where can people find you?

Tweetables

 
 

Links Mentioned

Total Control Financial

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!

  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131
Nov 16, 2016

Michael Quarles covers all the steps it takes in order to properly value a home.

  • In this Podcast I am going to cover the best way to value a home. I describe the process in steps, and in detail. I  go over what Online Services I use for my business, as well as discussing other Online Service Providers that will be very helpful to you. I discuss the importance of comparing properties, and comparing them properly to houses in the same neighborhood.  I go over how to get a Real Estate Agent to perform a CMA and give you his price opinion.  I am going to go over what exactly you need to look at during your property analysis. A big issue is during the calculations, such as over pricing, and under pricing the property.  I will discuss multiple scenarios to help more with getting a visual of what I am going over. I go over why my Gold Coaching Program will help you. I tell you exactly what signs to look for  that will increase the value, as well as the sell-ability of your property. This was a really fun Podcast that I jam packed with a lot of information!

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Nov 14, 2016

Michael Quarles covers ways you can manage your business so you can become an Entrepreneur, and more…

  • What is the best way to specialize in something before passing off duty to someone I hire. How do I systemize a business so that it can grow and I can become the entrepreneur?
     
  • After I’ve made an appointment at 85 cents on the dollar how do I get an additional 15-20% off?  What are some closers Michael uses?
  • I’d like to cover the results of direct marketing. I have sent two mailers out and have not received a single appointment let alone a contract. Is everyone else in my area experiencing the same thing? I have spent $30,000 in marketing and only made $14,000 so far.
  • When filling out our marketing chart, is there a reason why we are excluding corporations from our cash buyers search? I was under the impression that people buy houses for investment purposes under business names all the time.
  • In the two part seller script why is it so critical to have the seller provide me with what they believe to be the market value of their property? Ultimately, what we want is to know what would be the least they want in their pocket, right?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
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