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man with back to computer screen facing window with sunset conducting masterclass on How to invest in real estate the safe and easy way even if you don't have a lot of money

Safe & Easy Real Estate Investing

man with back to computer screen facing window with sunset conducting masterclass on How to invest in real estate the safe and easy way even if you don't have a lot of money
How to Invest In Real Esate The Safe And Easy Way Even If You Don’t Have A Lot Of Money

What is the safe and easy way to invest in real estate?

I recently listened to a masterclass by Mike Wolf called “How to Invest in Real Estate The Safe And Easy Way Even If You Don’t Have a Lot of Money.”  Mike is of the buy and hold (sort of) school of real estate investing. However his specialty is turn-key investment properties focusing on rent to own tenants.

How that works is you choose the price range of an investment property from 70K – 165K, and secure 40% of the down payment. His team finds you a property that fits within your price point and provides the highest return on your investment.  He has been investing in real estate for over 30 years and his area of choice is in Atlanta, Georgia, USA. In the USA, Mike has his own teams and systems in place to assist in finding a profitable investment property in the right neighborhood. He has his own team of contractors and a property manager. His safe and easy real estate investment tenant niche are those who want to purchase the property in 1-3 years (rent to own). 

Who is Mike Wolf?

Mike is a native Calgarian who has been investing for almost 30 years. He calls himself a “freedom lifestyle entrepreneur.” His aim in working with property investors is to help them create a lifestyle that affords them time, money, and location freedom by teaching them how to invest in real esate the safe and easy way – through his business. Mike explains how real estate investing can be a complex and time-consuming process. Finding deals, tenants, buyers, hiring contractors, and property managers, all could end up giving you tons of jobs and taking up all of your time rather than freeing up your time and cash flow. It did for him. Mike started out by doing everything himself. He worked non-stop, his marriage fell apart and he got burned out in the process. This is why he has created his “safe and easy” real estate investment systems and processes that have provided him the freedom to travel the world and spend time with his family and contribute to meaningful causes.

Mike’s how to invest in real estate the safe and easy way strategy includes working smarter not harder and leveraging both other people’s money, time, and systems. His “investing in real estate the safe and easy way” approach is that  “everything starts with just one property.”  Of course, if investors want to build a portfolio – he’s up for that too.

Mike’s “Safe and Easy” Real Estate Investment System

Mike’s system for investing in real esate the saef and easy way can be summarized into six main areas:

  1. Pick the right landlord-friendly city and buy in neighborhoods where people are trying to get ahead
    • He separates neighborhoods into A, B, C and D categories. A is Hollywood mansions, D is the war zone. B and C are the areas to focus on.
    • He doesn’t buy old houses (too many issues)
  2. Design the house people would like to live in
    • He cleans up the landscaping, paints, completes all necessary repairs,  and makes it look like a place people are proud to call home
  3. Create an experience people will enjoy
    • Have a good property management team who takes good care of the tenants and fixes things as soon as the tenants call
  4. Find the right tenants – because “the most effective way to get rid of a bad tenant is not have them move in the first place”
    • Mike’s tenant niche are previous homeowners, who had good credit until the recession and who want to rent to own
    • His leases are typically 3 years, and his team works with tenants so that they can buy their rental, if they choose. By doing this, he is selecting tenants who will take good care of the property.
    • Tenants pay a non-refundable deposit, in a rent to own committment. If they don’t buy the house, they lose the deposit.
  5. Have a great property manager
  6. Have a team who work well together
    • Contractors (handyman, plumber, carpenter, painter etc.) and property manager work in tandem

Additional Tenant Screening

In addition to credit checks, Mike’s team uses the same tenant screening technique described by Mike Butler (Landlording on Autopilot). This involves a surprise visit to the tenant’s current residence, under the guise of signing more paperwork.  by doing this, they can assess how well kept the property is and check if potential tenants are telling the truth about pets, number of tenants, smoking, etc.

Investing in Real Estate theSafe and Easy Way Property Criteria

The city Mike has chosen for the last 30 years standing is Atlanta, Georgia for several reasons:

  • It’s the least expensive city to do business
  • Its rated #3 for growth
  • Its ranked #4 for the number of fortune 500 companies – which makes it a very diversified city economically

My 2 Cents

Overall, I like Mike’s business strategy for choosing an investment property. Atlanta appears to be a solid location, and his tenant niche is well defined. I respect the “start with one”, property approach.  Let’s face it, you’ve got to get your feet wet first, and figure out if you even like the business. If that model works for you, then you can build your empire. 

I wish I would have had access to Mike’s wisdom when I bought my first property, an older house, in an isolated location dependant on one industry- it has definitely not been a safe or easy investment. That advice would have saved me lots of heartache and money!  It all makes sense now, in retrospect. His advice is golden for those starting out.

Best Case Investing in Real Estate the Safe and Easy Way with Mike

Housing prices in Atlanta are crazy cheap. Mike buys beautiful houses for $165,000 USD (approximately $219,629 CDN) that you wouldn’t get in Canada for under $500,000. In fact, you’d be hard pressed to find a quality property for anywhere close to that price in a major city in Canada. In the US with lower housing prices, landlords can charge a decent rent for a good quality home, and make good cash flow. However, there are a few other factors in the equation; the speed the property management team finds quality tenants, turnover, cash flow and increase in value. If the planets align, it could be a great investment.

Given the brutal pummeling our economy has taken in the last 10 years, many Canadians  are very leery of buying Canadian real estate. We all know the market has to come up in price, but the question is how much time will it take? Even when it does rise, will it be a significant enough rise to make it worth investing? Is the US a better investment option?

Worst Case Investing in Real Esate the Safe and Easy Way with Mike

The biggest issues for remote property investors are:

  • Whether the property management team you hire are reliable, honest and trustworthy… From my own experience, I know many a property manager who talk a good game but I only found out how they truly operated when I’d been working with them for a few months. If things went south and I wanted to  break my contract, there was usually an exit penalty. Some don’t let you exit until the end of the lease. Once I’d exited, I still had to find another property manager – which gets complicated long distance. In the interim I was paying the mortgage and the utilities on a vacant property. Ouch! There are other risks with property management contracts such as – are you paying them even when the property is vacant? Or are you only paying their property management fee after they find a tenant? What about the additional charges such as repairs – are there surcharges, if so, how much? Before jumping into an investment – make sure you thoroughly read the property management contract and ask for references or read reviews.
  • What kind of property are you really getting for your investment? My experience renting properties is that they attract their human mirror image. A beautiful, well-kept property in a mid- upscale neighborhood,will attract beautiful well-kept tenants. If you’ve got a run down, smelly property… I’m sure you get the picture.
  • What are the tax implications for Canadians investing in the USA? Yes you could be getting a great deal, and netting great rent, but how much of that are you paying to taxes?
  • Is Mike’s How to Invest In Real Esate the Safe and Easy way – really safe and easy?

How thorough is their Screening Process?

Given the distance, how do you know your property manager  is conducting a thorough screening? Much of this depends on how many doors a single property manager is managing. Property managers who have 200-800 doors can’t effectively screen and manage each property. Realistically, they will not have time to conduct a thorough screening of landlord references, credit checks, employment checks, recent pay stub, and social media checks. Maintenance can suffer too and you may be frustrated that your emails or phone calls are unreturned.

One of the screening tactics his team uses I find a little odd. In my years working in Canadian  property management, I could never imagine dropping in unexpectedly to someone’s house, condo, or apartment. Then expecting to be invited in while checking out their surroundings, (especially now with COVID ). I have found I could get the same results by doing social media checks and employment references over the internet.

This begs another question – how current is your property manager’s systems and processes? Are they still using paperwork? Outdated techniques? If you interview the property manager and don’t feel comfortable with them – what then? Does the entire property investment deal end?

A good property manager will keep your property profitable, a bad one can sink you. You need to know, like and trust your property manager for your relationship and investment to be safe and easy. After listening to the masterclass on How to Invest in Real Estate the Safe and Easy way, I was reminded, to only invest after doing your own due diligence. Once you’re well informed, you will decide whether it’s a good invesment strategy for you.

The Call to Action

Of course, all masterclasses/webinars act as lead magnets, and after listening to Mike’s masterclass How to Invest in Real Estate the Safe and Easy Way Even If You Don’t Have a Lot of Money – the call to action offered a free consultation to discuss real estate strategies. Mike generously gave me 30 minutes of his time and offered suggestions and a referral for my specific real estate issue. During the consultation call he showed me several ways to approach and resolve the issue. 

Overall, the How to Invest In Real Estate the Safe and Easy Way masterclass was informative and helpful, as was Mike. Although this sounds like an easy way to invest, there is still a big distance from Canada to the USA and travel is currently restricted. If things run smoothly great. If things go off the rails, your real estate investment can become the exact opposite of safe and easy – difficult and complicated. Is Mikes system of How to Invest In Real Esate the Safe and Easy Way actually safe? Is it easy? Is it a good real estate investment? Because I don’t know the Atlanta, Georgia Market, Neighborhoods, or a team and travel is difficult at present, the distance gives me pause.

Review of Mike Wolf’s – How To Invest In Real Estate The Safe And Easy Way Even If You Don’t Have A Lot of Money, by Nelda Schulte

Want to learn about more reviews? click here

 

 

How to Invest In Real Esate The Safe And Easy Way Even If You Don’t Have A Lot Of Money

What is the safe and easy way to invest in real estate?

I recently listened to a masterclass by Mike Wolf called “How to Invest in Real Estate The Safe And Easy Way Even If You Don’t Have a Lot of Money.”  Mike is of the buy and hold (sort of) school of real estate investing. However his specialty is turn-key investment properties focusing on rent to own tenants.

How that works is you choose the price range of an investment property from 70K – 165K, and secure 40% of the down payment. His team finds you a property that fits within your price point and provides the highest return on your investment.  He has been investing in real estate for over 30 years and his area of choice is in Atlanta, Georgia, USA. In the USA, Mike has his own teams and systems in place to assist in finding a profitable investment property in the right neighborhood. He has his own team of contractors and a property manager. His safe and easy real estate investment tenant niche are those who want to purchase the property in 1-3 years (rent to own). 

Who is Mike Wolf?

Mike is a native Calgarian who has been investing for almost 30 years. He calls himself a “freedom lifestyle entrepreneur.” His aim in working with property investors is to help them create a lifestyle that affords them time, money, and location freedom by teaching them how to invest in real esate the safe and easy way – through his business. Mike explains how real estate investing can be a complex and time-consuming process. Finding deals, tenants, buyers, hiring contractors, and property managers, all could end up giving you tons of jobs and taking up all of your time rather than freeing up your time and cash flow. It did for him. Mike started out by doing everything himself. He worked non-stop, his marriage fell apart and he got burned out in the process. This is why he has created his “safe and easy” real estate investment systems and processes that have provided him the freedom to travel the world and spend time with his family and contribute to meaningful causes.

Mike’s how to invest in real estate the safe and easy way strategy includes working smarter not harder and leveraging both other people’s money, time, and systems. His “investing in real estate the safe and easy way” approach is that  “everything starts with just one property.”  Of course, if investors want to build a portfolio – he’s up for that too.

Mike’s “Safe and Easy” Real Estate Investment System

Mike’s system for investing in real esate the saef and easy way can be summarized into six main areas:

  1. Pick the right landlord-friendly city and buy in neighborhoods where people are trying to get ahead
    • He separates neighborhoods into A, B, C and D categories. A is Hollywood mansions, D is the war zone. B and C are the areas to focus on.
    • He doesn’t buy old houses (too many issues)
  2. Design the house people would like to live in
    • He cleans up the landscaping, paints, completes all necessary repairs,  and makes it look like a place people are proud to call home
  3. Create an experience people will enjoy
    • Have a good property management team who takes good care of the tenants and fixes things as soon as the tenants call
  4. Find the right tenants – because “the most effective way to get rid of a bad tenant is not have them move in the first place”
    • Mike’s tenant niche are previous homeowners, who had good credit until the recession and who want to rent to own
    • His leases are typically 3 years, and his team works with tenants so that they can buy their rental, if they choose. By doing this, he is selecting tenants who will take good care of the property.
    • Tenants pay a non-refundable deposit, in a rent to own committment. If they don’t buy the house, they lose the deposit.
  5. Have a great property manager
  6. Have a team who work well together
    • Contractors (handyman, plumber, carpenter, painter etc.) and property manager work in tandem

Additional Tenant Screening

In addition to credit checks, Mike’s team uses the same tenant screening technique described by Mike Butler (Landlording on Autopilot). This involves a surprise visit to the tenant’s current residence, under the guise of signing more paperwork.  by doing this, they can assess how well kept the property is and check if potential tenants are telling the truth about pets, number of tenants, smoking, etc.

Investing in Real Estate theSafe and Easy Way Property Criteria

The city Mike has chosen for the last 30 years standing is Atlanta, Georgia for several reasons:

  • It’s the least expensive city to do business
  • Its rated #3 for growth
  • Its ranked #4 for the number of fortune 500 companies – which makes it a very diversified city economically

My 2 Cents

Overall, I like Mike’s business strategy for choosing an investment property. Atlanta appears to be a solid location, and his tenant niche is well defined. I respect the “start with one”, property approach.  Let’s face it, you’ve got to get your feet wet first, and figure out if you even like the business. If that model works for you, then you can build your empire. 

I wish I would have had access to Mike’s wisdom when I bought my first property, an older house, in an isolated location dependant on one industry- it has definitely not been a safe or easy investment. That advice would have saved me lots of heartache and money!  It all makes sense now, in retrospect. His advice is golden for those starting out.

Best Case Investing in Real Estate the Safe and Easy Way with Mike

Housing prices in Atlanta are crazy cheap. Mike buys beautiful houses for $165,000 USD (approximately $219,629 CDN) that you wouldn’t get in Canada for under $500,000. In fact, you’d be hard pressed to find a quality property for anywhere close to that price in a major city in Canada. In the US with lower housing prices, landlords can charge a decent rent for a good quality home, and make good cash flow. However, there are a few other factors in the equation; the speed the property management team finds quality tenants, turnover, cash flow and increase in value. If the planets align, it could be a great investment.

Given the brutal pummeling our economy has taken in the last 10 years, many Canadians  are very leery of buying Canadian real estate. We all know the market has to come up in price, but the question is how much time will it take? Even when it does rise, will it be a significant enough rise to make it worth investing? Is the US a better investment option?

Worst Case Investing in Real Esate the Safe and Easy Way with Mike

The biggest issues for remote property investors are:

  • Whether the property management team you hire are reliable, honest and trustworthy… From my own experience, I know many a property manager who talk a good game but I only found out how they truly operated when I’d been working with them for a few months. If things went south and I wanted to  break my contract, there was usually an exit penalty. Some don’t let you exit until the end of the lease. Once I’d exited, I still had to find another property manager – which gets complicated long distance. In the interim I was paying the mortgage and the utilities on a vacant property. Ouch! There are other risks with property management contracts such as – are you paying them even when the property is vacant? Or are you only paying their property management fee after they find a tenant? What about the additional charges such as repairs – are there surcharges, if so, how much? Before jumping into an investment – make sure you thoroughly read the property management contract and ask for references or read reviews.
  • What kind of property are you really getting for your investment? My experience renting properties is that they attract their human mirror image. A beautiful, well-kept property in a mid- upscale neighborhood,will attract beautiful well-kept tenants. If you’ve got a run down, smelly property… I’m sure you get the picture.
  • What are the tax implications for Canadians investing in the USA? Yes you could be getting a great deal, and netting great rent, but how much of that are you paying to taxes?
  • Is Mike’s How to Invest In Real Esate the Safe and Easy way – really safe and easy?

How thorough is their Screening Process?

Given the distance, how do you know your property manager  is conducting a thorough screening? Much of this depends on how many doors a single property manager is managing. Property managers who have 200-800 doors can’t effectively screen and manage each property. Realistically, they will not have time to conduct a thorough screening of landlord references, credit checks, employment checks, recent pay stub, and social media checks. Maintenance can suffer too and you may be frustrated that your emails or phone calls are unreturned.

One of the screening tactics his team uses I find a little odd. In my years working in Canadian  property management, I could never imagine dropping in unexpectedly to someone’s house, condo, or apartment. Then expecting to be invited in while checking out their surroundings, (especially now with COVID ). I have found I could get the same results by doing social media checks and employment references over the internet.

This begs another question – how current is your property manager’s systems and processes? Are they still using paperwork? Outdated techniques? If you interview the property manager and don’t feel comfortable with them – what then? Does the entire property investment deal end?

A good property manager will keep your property profitable, a bad one can sink you. You need to know, like and trust your property manager for your relationship and investment to be safe and easy. After listening to the masterclass on How to Invest in Real Estate the Safe and Easy way, I was reminded, to only invest after doing your own due diligence. Once you’re well informed, you will decide whether it’s a good invesment strategy for you.

The Call to Action

Of course, all masterclasses/webinars act as lead magnets, and after listening to Mike’s masterclass How to Invest in Real Estate the Safe and Easy Way Even If You Don’t Have a Lot of Money – the call to action offered a free consultation to discuss real estate strategies. Mike generously gave me 30 minutes of his time and offered suggestions and a referral for my specific real estate issue. During the consultation call he showed me several ways to approach and resolve the issue. 

Overall, the How to Invest In Real Estate the Safe and Easy Way masterclass was informative and helpful, as was Mike. Although this sounds like an easy way to invest, there is still a big distance from Canada to the USA and travel is currently restricted. If things run smoothly great. If things go off the rails, your real estate investment can become the exact opposite of safe and easy – difficult and complicated. Is Mikes system of How to Invest In Real Esate the Safe and Easy Way actually safe? Is it easy? Is it a good real estate investment? Because I don’t know the Atlanta, Georgia Market, Neighborhoods, or a team and travel is difficult at present, the distance gives me pause.

Review of Mike Wolf’s – How To Invest In Real Estate The Safe And Easy Way Even If You Don’t Have A Lot of Money, by Nelda Schulte

Want to learn about more reviews? click here

 

 

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