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…

In this weeks episode of the *Live Life by Design* podcast, our hosts debunk seven common myths about real estate investing. From misconceptions about needing large amounts of capital to the myth that real estate guarantees quick wealth, they offer practical advice for beginners. Through both personal stories and straightforward tips, they highlight accessible strategies like wholesaling and house hacking, discuss the importance of market cycles, and emphasize patience and persistence. - 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 dive into strategies for reducing tenant turnover in rental properties, a critical factor for maintaining steady cash flow in your real estate investments. By focusing on both practical and relational approaches, they explore ways to enhance tenant satisfaction and minimize vacancy periods. Key tactics include proactive communication with tenants, offering holiday or seasonal incentives (like credits for hurricane supplies), and being a responsive landlord to foster a sense of loyalty and community. Our hosts also discuss managing turnovers efficiently by conducting routine property inspections, keeping up with minor repairs, and planning renovations. They highlight the importance of having reliable contractors, clear checklists, and using incentives to keep contractors on schedule. For properties entering vacancy, they emphasize quick marketing through updated photos and prepared listings. - 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 the real estate market's evolving landscape, focusing on trends affecting both homeowners and investors. The episode highlights the slowdown in home turnover rates, which is at its lowest in decades, and the challenges of finding deeply discounted properties. Our hosts discuss the psychology of both homeowners reluctant to reduce their prices and investors searching for deals in a competitive market. They also touch on the effects of interest rates, foreclosures, and the shift toward a potential buyer’s market. And share compelling anecdotes about property conditions, overpriced listings, and lessons learned from poorly executed flips. By emphasizing the importance of preparation, continuous education, and patience during uncertain times, this episode is an insightful listen for those navigating the real estate world. - 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…

The weeks episode of the "Live Life by Design" podcast focuses on strategies for lead generation and management, emphasizing the importance of efficiency and adaptability. Our hosts discuss the critical need to not only generate leads but also filter and nurture them to ensure quality. They highlight how old strategies may no longer be effective, urging listeners to continuously adapt their marketing approaches to keep up with market shifts. Our hosts stress that real estate investors should build a reliable network of mentors, virtual assistants, and business partners to delegate routine tasks. This allows them to focus on high-priority activities such as converting leads and growing their business. They also emphasize the changing real estate market, pointing out trends like price reductions and increasing foreclosures. This episode emphasizes the need to constantly reevaluate and adapt marketing strategies, build a strong support system, and stay informed about changing market conditions. It also encourages action, stressing that it’s more important to start and adjust along the way than to wait for perfect conditions. This combination of tactical advice, market insights, and motivational messaging makes the podcast valuable for anyone looking to scale their real estate business. - 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…

This week's episode of the "Live Life by Design" podcast explores the opportunities available to real estate investors through government-backed affordable housing programs. Our hosts focus on how banks are increasingly pressured to fund affordable housing projects, which opens doors for investors. They discuss the definition of affordable housing, which should cost no more than 30% of a person’s income, and how investors can capitalize on programs like Section 8, affordable housing tax credits, and guaranteed government payments to secure tenants and minimize vacancies. Throughout the episode, our hosts highlight the importance of having a strong work ethic and long-term commitment when entering the affordable housing market. They frequently return to the idea that success in this space doesn’t come from shortcuts but from diligent planning and execution. Investors are encouraged to explore various housing programs that go beyond Section 8, such as those for seniors, veterans, and people with disabilities, which provide additional incentives and income security. The episode also touches on the role of community banks and credit unions in financing affordable housing projects. These institutions are more likely to work with investors who don’t meet the high-net-worth criteria of larger banks, offering better loan accessibility and interest rates. Our hosts recommend these as viable alternatives for real estate investors seeking financing for affordable housing projects. - 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 our hosts discuss the challenges and strategies of homeownership and real estate investing, with a particular focus on refinancing and managing fluctuating interest rates. They caution against making financial decisions based on speculative interest rate drops, as this is considered too risky for both investors and homeowners. The conversation delves into how external factors such as the economy, inflation, employment rates, and geopolitical events can influence interest rates. Our hosts express skepticism about relying on interest rate fluctuations and encourage listeners to focus on financial readiness when buying property, rather than trying to time the market. They also reflect on the 2008 financial crisis, warning against over-leveraging and betting on market trends, which led many to lose everything during that period. Since we are based in California, our hosts discuss the growing challenges of homeownership, particularly in high-cost areas like California, where insurance costs, fire risks, and rising interest rates are making it increasingly difficult for average working people to sustain their homes. - 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…

This weeks "Live Life by Design" podcast is all about female empowerment, the challenges women face, and the path to success in male-dominated industries, particularly real estate investing. Continuing an episode ritual, our hosts open with a quote by Maya Angelou, emphasizing the ripple effect of a woman standing up for herself, not only for her own sake but for the benefit of all women. A major discussion point in the episode is the balancing act many women face between personal responsibilities and professional aspirations. Our hosts speak candidly about the societal pressures on women to prioritize family over career, which often leads to feelings of guilt, frustration, and self-doubt. Often times men are given more leeway to focus on their careers, women are expected to manage both family and work seamlessly. Despite this, our female hosts emphasize the importance of pushing past these obstacles. The episode delves deeply into how women can balance business and family, with a focus on time management and consistency. Our hosts share their personal strategies for maintaining a routine, setting daily priorities, and making time for both family and professional commitments. They emphasize that women, who often excel in multitasking and managing household responsibilities, already possess many of the skills necessary to succeed in business. By applying these same organizational and management techniques to their careers, women can thrive in entrepreneurship, especially in industries like real estate. - 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 delve into the powerful benefits of real estate investing, focusing on themes such as risk-taking, wealth-building, and financial freedom. The episode kicks off with a quote by Mellody Hobson: "The greatest risk of all is not taking one." Throughout the episode, our hosts stress that real estate has historically been a reliable method for building wealth. They highlight key concepts like appreciation, equity growth, and the value of long-term investments. While acknowledging the risks, they argue that real estate is a tried-and-true path to financial independence. Rental income is discussed as a stable source of cash flow, particularly in the context of short-term rentals like Airbnb. However, they caution that positive cash flow is essential for any investment to be truly beneficial. A significant portion of the episode focuses on leveraging real estate to multiply investments. Our hosts explain how equity from one property can be used to finance additional properties, making it easier to scale a portfolio. They also explore creative financing strategies, such as property swaps, to optimize investment potential. Another important point raised is the role of real estate as a hedge against inflation. Our hosts explain that rental prices typically rise in line with the cost of living, while home prices have consistently outpaced inflation over time. They share statistics showing how real estate values have dramatically increased compared to inflation, reinforcing the argument that real estate is a solid long-term investment. - 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 complexities of the ever changing real estate landscape, this week focusing on recent NAR settlements that have reshaped how retail commissions are handled. They explore how these new rules, requiring buyer-agent commission structures to be disclosed up front, have significantly impacted both homebuyers and real estate agents. The main change from the National Association of Realtors (NAR) settlement is now buyers must now negotiate and pay their agents directly, rather than relying on the seller’s commission to cover these costs. This shift places additional financial burdens on buyers, especially first-time homeowners, and changes the dynamic between buyers and agents. Our hosts emphasize how this development could drive many agents out of the market, as the new system may not justify their time and effort. Throughout the episode, our hosts stress the importance of being proactive in navigating market changes. They criticize those who react to shifts without proper planning, urging agents to understand their value, manage their time wisely, and set clear expectations with clients. The conversation also touches on larger societal issues, with the hosts discussing how government regulations can sometimes stifle small businesses, further complicating the challenges facing agents and buyers alike. One story showing the issue recounted by our hosts involves a buyer who toured over 30 homes without making a decision, highlighting the frustrations agents face when dealing with indecisive clients. This frustrating, yet telling example underscores the difficulties of justifying commissions under the new rules while providing a critical look at the challenges of adjusting to new industry regulations.. - 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…

This week's episode of the "Live Life by Design" podcast revolves around the core theme of overcoming limiting beliefs and objections that prevent people from entering the real estate investment industry. The episode is structured around three common objections that people often cite when hesitating to start in real estate investing. First is the "lack of money," which our hosts identify as the most frequent excuse. They argue that while starting capital is necessary, it shouldn't be a barrier. The discussion leads to creative ways to generate initial funds, such as selling unused items or cutting back on unnecessary expenses. The second objection is the "lack of knowledge." Many people feel they don’t know enough to get started. Our hosts emphasize the importance of mentorship and learning from those already successful in the field. They stress the value of being coachable and open to acquiring new skills. The third major theme is the "fear of failure." The episode addresses this fear, along with the tendency to remain in a comfort zone. Our hosts share their own stories of overcoming initial fears by taking risks and stepping out of their comfort zones, encouraging listeners to do the same. Throughout the discussion, our hosts highlight several key insights. They stress the importance of "investing in oneself," whether through education, networking, or financial commitment. They also advocate for being a "copycat," finding a mentor, or following the strategies of those who have already succeeded, rather than trying to reinvent the wheel. Another crucial point is leveraging "enthusiasm" and the resources available to achieve success, even when starting with limited means. A notable segment of the episode is the introduction of the concept of "five currencies"—knowledge, time, credibility, relationships, and money. The hosts explain how leveraging at least one or two of these currencies can help listeners succeed in real estate. .- 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 common mistakes that often trip up new investors and offer valuable advice on how to avoid them. A key theme that emerges is the necessity of learning from failures. Our hosts emphasize that mistakes are inevitable, but they are also opportunities to grow and become more intelligent investors. As the episode unfolds, our hosts touch on several critical topics. They discuss the perils of trend-chasing, where new investors often fall into the trap of following popular strategies without considering whether they align with their goals or expertise. The importance of having clear, well-defined investment goals is also underscored. Our hosts also highlight the significance of patience and realistic expectations, reminding listeners that real estate investing is not a get-rich-quick scheme. From personal stories about how long it took them to secure their first deals, they emphasize that success in real estate requires time, effort, and a willingness to weather the market's ups and downs. Our hosts recommend engaging with a community of like-minded individuals, such as networking events providing invaluable opportunities to learn from others, share experiences, and avoid the pitfalls that come from isolation and ignorance. - 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…

This week's episode of the "Live Life by Design" podcast begins with a thought-provoking quote from Mark Zuckerberg about the importance of building something for the long term, setting the stage for a deep dive into the themes of commitment and focus in the world of real estate investment. The discussion this week revolves around comparing short-term and long-term rentals strategies. Our hosts stress the importance of thorough market research, understanding the intricacies of the location, and considering various factors that contribute to a property's success throughout the year. They provide actionable advice on how to navigate the complexities of the real estate market, emphasizing the need to stay informed about local regulations and seasonal trends that can impact rental demand. One of the key insights shared by our hosts is the critical role of market research in determining the viability of short-term rental properties. Our hosts discuss how different locations can have unique appeal at various times of the year, and they delve into the significance of understanding local regulations that might affect rental operations. - 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 delve into the complexities of conducting business by the book, particularly within the constantly changing and challenging regulatory environment of California. Our hosts express the growing frustration among business owners as they navigate ever-changing rules, likening the situation to shifting "goalposts" that make it increasingly difficult to maintain a sense of freedom and stability. The discussion sets the stage for exploring how entrepreneurs can remain resilient and successful even when faced with these obstacles. A key theme that emerges from this episode is the importance of creativity and adaptability. Our hosts emphasize that in tough times, it is crucial to think outside the box and use the law to your advantage. This mindset shift, from seeing regulations as barriers to viewing them as opportunities for innovation, is presented as a vital strategy for those looking to thrive in restrictive and even hostile environments. Our hosts highlight the value of surrounding oneself with like-minded individuals who can offer advice, resources, and moral support. This collective approach is seen as essential for navigating the unpredictable landscape of laws and regulations, particularly when going it alone can lead to unnecessary risks and challenges. This episode underscores the necessity of due diligence as a crucial practice for business owners, especially in regions like California where legislation is constantly evolving. Our hosts caution against complacency, urging listeners to stay informed and engaged to avoid potential financial pitfalls. This advice is framed as a way to not only protect oneself but also to ensure long-term 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 explore the transformative journey of Johnny Mazariegos, a dynamic business coach, real estate investor, and entrepreneur. Johnny shares his evolution from making money to mastering the art of multiplying it. The episode kicks off with Johnny's intriguing question: "What if your best-known self could outshine your best self?" This sets the stage for a discussion on financial literacy and personal growth. The core theme of the episode is Johnny's belief that "best known beats best." In today's digital age, being visible and recognizable often trumps real expertise. Johnny emphasizes the importance of building a personal brand through social media and online platforms, offering valuable lessons for anyone looking to stand out in a crowded marketplace. As the conversation unfolds, Johnny shares a powerful revelation: that true fulfillment often comes from exploring one's hidden talents and making a difference in others' lives. In a world of fierce competition, Johnny and our hosts advocate for collaboration. They discuss the potential of forming mastermind groups—exclusive business discussions where like-minded individuals solve common problems together. This idea of collaboration over competition is illustrated through successful business partnerships and encourages listeners to seek synergy with others to elevate their 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 sound the alarm on Assembly Bill 968. This new law, which took effect on July 1st, 2024, introduces stricter regulations for house flippers in the Golden State. Our hosts break down the key provisions of the bill, including the requirement for comprehensive disclosure of repairs and renovations on properties flipped within 18 months of purchase. This episode takes an impassioned turn as our hosts express their frustrations with the new legislation. They argue that AB 968 may have unintended consequences, including, potentially driving up housing costs and making it more difficult for small-scale investors to operate. Our hosts discuss how the law might impact various players in the real estate market, from contractors to wholesalers, and even touch on the potential need for investors to "lawyer up" to ensure compliance. As the episode unfolds, our hosts share personal anecdotes and insights from both the investor and contractor perspectives. They explore the challenges of balancing profitability with quality work and fair pricing in the face of increased regulations. The conversation also touches on broader issues of doing business in California, with the hosts lamenting what they perceive as an increasingly difficult environment for small businesses and entrepreneurs. Despite their criticisms of the new law, our hosts emphasize the importance of adapting to change. They reference the episode's quote from Albert Einstein about solving problems with new thinking, encouraging listeners to get creative in their approach to real estate investing. The hosts suggest that investors may need to reconsider their acquisition strategies and pricing models to navigate the new regulatory landscape successfully. - 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 Steve and Sarah dive deep into the misconceptions surrounding goal setting and achievement. Our hosts emphasize that motivation alone isn't enough to reach your goals, and that building habits and discipline are crucial for long-term success. Throughout the episode, Steve and Sarah challenge common myths about goal-setting and achievement. They discuss the importance of breaking big goals into smaller, manageable steps and the reality that success is rarely a linear journey. Our hosts share personal anecdotes and experiences, while stressing the need for adaptability in your plans and the inevitability of setbacks along the way. One of the most intriguing parts of the episode is their exploration of the misconception that achieving a goal leads to instant happiness. They argue that while accomplishing goals can bring satisfaction, true happiness comes from within and from enjoying the journey itself. They also delve into the necessity of sacrifice when pursuing ambitious goals, encouraging listeners to "pick their hard" and decide what they're willing to give up to achieve their dreams. - 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 the importance of delivering your message effectively in the real estate investing world. They kick things off with a powerful quote from Maya Angelou about pursuing your passions rather than just chasing money. Our hosts go on to emphasize that success in real estate investing isn't just about having money or access to lenders. It's about taking consistent action, practicing your pitch, and genuinely enjoying what you do. They share personal anecdotes about their experiences in the field, including some humorous mishaps and valuable lessons learned along the way. One of the most intriguing parts of the podcast is when they delve into the qualities they look for in potential business partners. Trust, loyalty, and shared ethics top the list, but they also stress the importance of finding someone who's passionate about the work rather than just fixated on making a quick buck. Our hosts don't shy away from recounting experiences with less-than-ideal partners, offering listeners valuable insights on what to watch out for in their own ventures. Throughout the episode, our hosts continually circle back to the idea that your message is more than just words – it's the sum of your actions, your knowledge, and your passion for the business. They argue that the most effective way to become a "money magnet" is to focus on honing your skills and consistently putting in the work, rather than obsessing over immediate financial gains. If you're looking for practical advice on how to succeed in real estate investing, sprinkled with humor and real-life stories, this episode is a must-listen. Whether you're a seasoned pro or just starting out, you'll find valuable takeaways on effective communication, building partnerships, and maintaining the right mindset for 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 kick things off with a powerful quote from Sugar Ray Leonard about the relationship between failure and success, setting the tone for a discussion on resilience in entrepreneurship. Emphasizing setbacks are inevitable, but what matters most is how quickly one bounces back and learns from these experiences. The conversation then shifts to the nitty-gritty of real estate investing, focusing on property tours and budgeting. Our hosts share insights from recent property visits, highlighting the importance of understanding what goes on behind the walls and the value of seeing different phases of property development. Our hosts stress the significance of accurate budgeting and the potential pitfalls of not accounting for unexpected delays or expenses. They also touch on the challenges of working with contractors and navigating city permits, sharing personal anecdotes that illustrate the complexities of the business. One of the most intriguing segments of the podcast revolves around the concept of "investor-friendly" real estate agents. Our hosts discuss the misconceptions surrounding this term and what it truly means to work with an agent who understands the creative aspects of real estate investing. They caution listeners about agents who claim to be investor-friendly but are primarily focused on commissions rather than finding innovative solutions for investors. As the podcast wraps up, our hosts reinforce the importance of persistence and continuous learning in the face of challenges. They encourage listeners to embrace failure as a stepping stone to success and to stay committed to their goals. - 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 a wide array of creative real estate investing strategies and explore various real estate investing techniques that go beyond traditional methods. Our hosts break down over 20 different strategies, including seller financing, lease options, subject-to deals, and wraparound mortgages. They work to explain each concept in layman's terms, often sharing personal experiences or insights. Some strategies, like contract for deed and equity sharing, generate more in-depth discussions about their potential benefits and pitfalls. Throughout the episode, our hosts emphasize the importance of due diligence and understanding the risks involved with each strategy. They caution against blindly applying a single technique to every deal and stress the need for flexibility in real estate investing. The conversation takes an interesting turn when they discuss crowdfunding and its application in larger real estate projects, touching on the infamous Bernie Madoff case as a cautionary tale. - 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 dive deep into the world of real estate investing, offering valuable insights on how to structure your business for success. Our hosts, Dani and Sara, kick off the discussion with a thought-provoking quote from Stephen Covey: "I'm not a product of circumstances. I am a product of my decisions." This sets the tone for a conversation about the importance of taking action and making choices that align with your goals. Throughout the episode, our hosts break down 12 key steps for structuring your real estate investing business. Emphasizing the critical roles of education, goal-setting, and developing a solid business plan. The discussion covers everything from choosing the right business structure to building a reliable team and managing properties effectively. Our hosts even offer practical advice on evaluating properties, making offers, and closing deals, peppered with real-world examples from their own experiences. One of the most important segments of the podcast focuses on the importance of aligning your inner self with your business goals. Our hosts believe that this internal alignment is crucial for long-term success and resilience in the face of challenges. They also delve into the nitty-gritty of legal structures, cautioning listeners about the potential pitfalls of jumping into forming an LLC without proper consideration. As the episode wraps up, our hosts stress the significance of monitoring and scaling your business, emphasizing the need for proper tracking and measurement of key performance indicators. They leave listeners with a powerful message about the importance of continuous learning and networking in the real estate investing world. - 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 dive into the crucial topic of due diligence in real estate investing. They emphasize that success in this field isn't about luck, but rather thorough research and hard work. Our hosts discuss various aspects of due diligence, from verifying property ownership to assessing property values and obtaining reliable contractor bids. One of the key points our hosts highlight is the importance of confirming that you're dealing with the actual property owner before entering any agreements. They share stories illustrating why this step is critical, not just for investors but also for contractors. Another discussion point are strategies for finding comparable properties when traditional methods fall short, suggesting reaching out to experienced local real estate agents for insights. Sarah shares a personal anecdote about partners who rush the process, potentially overlooking crucial details that could lead to significant problems down the line. The team stresses the importance of taking the time to do proper research, even if it means moving slower than some might prefer. Our hosts also advise to treat every property as if your own family would live there, ensuring all repairs and improvements are done to a high standard. Warning against cutting corners, noting that subpar work often leads to higher costs and headaches in the long run, especially for rental properties. Wrapping up the episode our hosts urge listeners to thoroughly examine loan documents, check for potential foreclosures or balloon payments, and understand all financial obligations associated with a property. They conclude by encouraging new investors to ask questions, seek guidance from experienced mentors, and never skip steps in the due diligence process. - 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" features new community member and student, Ramon, a 28-year-old roofing sales rep with aspirations of becoming a real estate investor. Ramon reveals to our hosts a pivotal moment in his past when he hit rock bottom but found the courage to turn his life around for his family and how that fuels his burning desire for the freedom that entrepreneurship offers. The ability to live life on his own terms while pursuing his true purpose drives Ramon and our hosts offer insightful advice and encouragement to help him achieve his goals. Starting with maximizing his current skills, building valuable connections, and continuously learning from every experience, whether positive or negative. They stress the significance of having multiple income streams and leveraging assets to achieve financial goals. By the end of the episode, Ramon, who initially felt nervous about being on the podcast, finds himself fully engaged and eager to continue the conversation and his road to entrepreneurship. - 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…