In this week's episode of the "Live Life by Design" podcast, our hosts dive deep into the concept of finding your investment strategy within the real estate investment world. The discussion is framed around the idea that just as one finds their "investor ID," they must identify the market that aligns with their strengths, preferences, and financial goals. The episode touches on the importance of choosing the right strategy—whether it's flipping, holding long-term, or short-term rentals—and how different strategies will influence the criteria for selecting properties.

Our hosts share personal stories to emphasize the process of discovery in real estate investment. They also stress the importance of patience and learning from each deal, recognizing that it’s okay not to have everything figured out at the beginning. Success in real estate, they argue, comes from continual learning, adaptation, and sticking to strategies that align with one's investor identity and market preferences.

The hosts highlight how important it is to be honest with oneself about what works and doesn't work, as this clarity can significantly impact long-term success. They also emphasize the value of surrounding oneself with knowledgeable mentors and partners to learn and grow.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this week's episode of the "Live Life by Design" podcast our hosts discuss key legislative changes affecting tenants and landlords in California. They review various bills that have been passed in recent years, including those related to eviction protections, tenant rights, and the handling of security deposits.

One major discussion point revolves around the "just cause" eviction protection, which requires landlords to provide a valid reason for terminating leases, complicating the eviction process. Our hosts share insights into how this impacts landlords, particularly when dealing with tenants who may damage property or fail to pay rent. Another significant topic covered is the protection against retaliatory evictions, where landlords are prohibited from evicting tenants for exercising their legal rights, such as reporting code violations.

Throughout the episode, there is an undercurrent of frustration with the balance of power leaning too heavily in favor of tenants, especially since the COVID-19 pandemic. Our hosts share personal anecdotes and opinions on how these laws can sometimes put landlords in difficult positions, particularly with eviction freezes and rent relief programs. The episode closes with a call for better communication between tenants and landlords and an emphasis on being informed and respectful of the new legal requirements.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this week's episode of the "Live Life by Design" podcast, our hosts discuss recent legislative changes in California that are significantly impacting real estate investors, particularly wholesalers and house flippers.

The episode focuses on a detailed breakdown of 15 new legislative measures, with a strong emphasis on how these changes could affect business practices. Notably, bills such as AB 968, which mandates wholesalers to disclose their status to potential buyers, and SB 9, which allows for duplexes to be developed in single-family zones. Our hosts also touch on issues like affordability, rent control, and the complexity of dealing with local and state-level bureaucracy. They express frustration with the corruption that can influence legislative processes, citing the influence of lobbyists and big corporations.

A key takeaway from the episode is the importance of due diligence and staying informed. Our hosts urge listeners to be proactive in understanding how new regulations will affect their businesses, emphasizing that ignorance of the law is not a valid defense. They also encourage a mindset shift from transactional thinking to creating long-term wealth, underlining that success in real estate is not just about quick profits, but sustainable growth.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this weeks episode of the "Live Life by Design" podcast, our hosts explore the financial struggles many Americans are facing due to rising living costs, job insecurity, and housing challenges.

They discuss the impact of inflation on everyday expenses, such as food and gas, and highlight the growing concerns over foreclosures and the increasing number of families living paycheck to paycheck. The conversation explores how these economic pressures are forcing people to make difficult lifestyle changes, including skipping meals, taking on side hustles, and delaying major life decisions like having children.

Amidst the uncertainty, our hosts emphasize the importance of adaptability, survival strategies, and investment in real estate as a means to build long-term wealth. Offering practical advice and real-world examples, they encourage listeners to take action, invest wisely, and find ways to secure their financial future in these turbulent times.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this weeks episode of the "Live Life by Design" podcast, our hosts dive deep into Robert Kiyosaki’s Cashflow Quadrant, unraveling the journey from Employee to Investor and the steps to achieving financial freedom and generational wealth.

Through engaging discussions and personal anecdotes, our hosts explore the challenges and rewards of transitioning from the comfort of a 9-to-5 job to self-employment, business ownership, and ultimately, investment. They highlight the importance of mindset, planning, and leveraging resources to accelerate this journey, emphasizing that financial success often requires overcoming fear, societal expectations, and the emotional hurdles of change.

They share practical advice on balancing short-term sacrifices with long-term gains, building systems for sustainable business growth, and utilizing community and mentorship to support success.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this weeks episode of the "Live Life by Design" podcast, our hosts tackle the complexities of flipping properties on a budget with special guest Fausto Miranda, a licensed general contractor with over a decade of experience. Together, they explore strategies for maximizing return on investment in real estate projects, with a focus on practical, cost-effective approaches to rehabbing properties.

Some of the key insights discussed are:

- Identifying essential repairs versus aesthetic upgrades for rental properties and flips.

- Budget-friendly alternatives to high-end materials like quartz and tile.

- The importance of understanding local market expectations when planning renovations.

- Avoiding pitfalls from TV portrayals of real estate investing.

- Building strong, lasting relationships with contractors for consistent project success.

Fausto shares valuable insights on navigating hidden costs, making smart material choices, and tackling common issues such as outdated plumbing, electrical systems, and structural damage. This episode also highlights the importance of assembling a reliable team and staying grounded in realistic expectations to avoid costly mistakes.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this week's episode of the "Live by Design" podcast, we are celebrating our 75th episode!

Our hosts are delving into the essence of building a life on your own terms, or "By Design" through community, mentorship, and action. They revisit our core mission statement: empowering individuals to discover freedom through disciplined self-development and leveraging both innate and learned skills. Through dynamic discussions and personal stories, they explore the significance of resilience during life's highs and lows.

This episode emphasizes the transformative power of community and local networks in the realm of real estate investing. Our hosts contrast the limitations of virtual and 1-800 coaching systems with the benefits of tangible, in-person mentorship and resources. They share insights on why adaptability and direct human connections are critical for navigating the constantly evolving landscape of real estate, including legal and market shifts.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this weeks episode of the "Live Life by Design" podcast, our hosts dive into the volatile California housing market, exploring the potential for a market crash and discussing whether recent economic signs point toward a downturn. They examine the historical cycles of the housing market, while emphasizing California's unique dynamics due to high demand, limited inventory, and steep property values. The episode covers topics including fluctuating interest rates, foreclosures, and lending standards, highlighting that current, stricter lending practices may prevent a crash akin to 2008.

Our hosts share their insights on indicators like foreclosure rates rising "like popcorn" and increased open houses, which suggest a market cool-down. They also discuss personal perspectives on whether it makes sense to buy or sell in today’s environment, with high interest rates deterring many from selling properties with low fixed rates. The hosts agree that while a major crash seems unlikely, a market correction may be on the horizon, with potential shifts after the upcoming election.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor