Kathy interviews attorney, Glenn Walling, about his experience owning multiple investment properties.  He shares his philosophy of “walk softly and carry a sharp pencil” when it comes to being a landlord.  Glenn and Kathy discuss how to evaluate a deal, how to find quality tenants, what kind of properties perform best financially and several other lessons that only an experienced investor can share.

Some of the Questions Kathy asks Glenn during the interview:

>> What have you learned about real estate investing?
>> What do you wish you had done differently?
>> What do you wish someone would have told you?
>> Do you prefer A,B or C properties and why?
>> What advice would you give to new investors?
>> What are your future plans with investing?

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If you were thinking about buying investment property, wouldn’t it be nice to get some advice from someone who has already done what you’re trying to do?

That’s what we do on this episode of the Real Wealth Show.

After last week’s show, we got an email from a listener, Jim Jontz, that said:

“Kathy, I think I’m a bi-polar investor.  Meaning, I keep going back and forth between being an optimistic investor to a pessimist.  So my question to you is…how do I approach a deal with the confidence of knowing that, in spite of my optimism or pessimism at the time, I am making a prudent evaluation of the facts?”

Since Kathy has heard a similar challenge from other investors, she decided it was best to interview Jim on the show.  Plus, Jim owns several investment properties, so Kathy figured he’d also have some valuable insights for you!

So on this episode, you’ll learn:

>> How to approach your investing with confidence
>> What question to ask when looking at a pro forma
>> How to avoid the tricks that some real estate salespeople play
>> What kind of cap rates and cash on cash returns make sense to Jim
>> And a whole bunch of other good ideas!

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There can be great tax benefits for real estate investors who call themselves “Real Estate Professionals”.  But it’s not as easy as just making the claim.  You gotta back it up or the IRS will be out to get you!

On this episode of the Real Wealth Show, Kathy interviews a CPA with years of experience helping investors avoid a legal battle with the IRS.

On this episode, you will learn:

>> Who actually qualifies as a real estate professional
>> What’s required for documentation to prove that you qualify
>> What the four key areas are for lowering your risk and protecting yourself
>> And some more information that might surprise you!

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