Ep19: These Are The Traps You Need To Avoid - Marco Kozlowski

Big Fat Real Estate Checks

Marco Kozlowski

How To, Education, Realestate, Business, Investing

5 • 957 Ratings

🗓️ 21 October 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Real estate traps are sometimes laid out so well, even the most skilled may fall into them. Mistakes in real estate are costly and it's no play. In this episode, we discuss some of the common traps that you can avoid which will help you cut expenses and invest safely!

WHAT YOU’LL LEARN FROM THIS EPISODE

When you buy single-family, always compare with similar properties.
Always buy by looking at the present value and price or what it has done in the past, not it's future value.
Risks that come with raising the rent.
Why 100% occupancy isn't great.
Different property values in different states.
Why bidding wars are dangerous.
How to deal with bidding wars.
When you purchase by bidding it becomes an emotional purchase rather than a purchase based on numbers.
Agent contracts and state forms are designed to protect the seller, the agent, and the broker, they are not designed to protect you.

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

CONNECT WITH US

Email: [email protected]
Website: https://marcokozlowski.com
Facebook: https://www.facebook.com/realmarcokozlowski/
Instagram: https://www.instagram.com/marco.kozlowski/

Transcript

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0:00.0	Would you spend more money today to take more risk tomorrow to not even know that you're going to make more money the next day?
0:06.7	It doesn't make any sense.
0:08.0	You, if you buy on future performance, you're going to take a seminar and it's not going to be pleasant.
0:15.4	Welcome to the big fat real estate checks podcast with Marco Kaclowski where we help investors like you get the knowledge and skills you need to replace your J-O-B with passive
0:27.2	cash flow for life.
0:29.1	Hey Marco here, I really wanted to share with you our earlier
0:33.5	podcast that we created. Now our mics were not the best, but the
0:37.6	content was really strong and I know you will learn a lot. We had an absolute blast recording this and I know you're
0:46.0	absolutely going to love it as much as we love recording it. This extremely content
0:50.9	rich information will not only give you the edge in your real estate investing business, but in everyday life.
0:57.0	Enjoy.
1:00.0	Welcome back to this episode where we're going to get into the traps that sellers and agents lay
1:06.4	when you are communicating to possibly buy their property, show interest in the property and are hunting or fishing for your next opportunity to grow
1:16.4	your wealth and your cash flow and take care of yourself and your family for years to come. And today we're going to talk about traps. This is like
1:26.4	missing impossible type of traps like trip wires and well they are trip wires
1:30.9	yes there's some dangerous things where if you're not careful you will take a bath.
1:36.0	Where do we start?
1:39.0	Where do we start?
1:40.0	Well I know the biggest trip wire are things that agents, mostly agents actually, it's the agents
1:48.6	that do it.
1:50.1	When we're looking at, you know, single family homes or properties under the four,
1:54.7	we've discussed what's considered residential, what's considered commercial,
	...

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