Do you want to understand how to better protect your real estate portfolio, minimize taxes, and create generational wealth? On the Legally Ever After Podcast, Attorney Pamela Maass Garrett interviews real estate investors, legal strategists, and tax planners about successes, failures, and strategies to grow and protect your assets. Tune in every week for a new episode.
Legally Ever After: Real Estate
Claim This Podcastby Pamela Maass Garrett
5.0(1 reviews)
18 episodes
Updated Daily
Accepts GuestsHas SponsorsLocation 🇺🇸
Podcast Overview
Do you want to understand how to better protect your real estate portfolio, minimize taxes, and create generational wealth? On the Legally Ever After Podcast, Attorney Pamela Maass Garrett interviews real estate investors, legal strategists, and tax planners about successes, failures, and strategies to grow and protect your assets. Tune in every week for a new episode.
Language
🇺🇲
Publishing Since
10/11/2022
1 verified contact email on file for Legally Ever After: Real Estate
Pitch yourself as a guest, propose sponsorships, or reach out directly to the host.
Recent Episodes
March 3, 2023
Generational Wealth with Real Estate
“You can quickly be in a position where you've got multiple rental properties where you have cash flow and rental income at the same time those properties are appreciating,” shares Ryan Campagnola with Synergy One Lending. Today, Ryan talks about different ways to create generational wealth with real estate. Most Americans’ wealth is in their home, but that equity is not liquid. In order to tap into that source of wealth, there are a few avenues depending on your ultimate goal. Refinancing your mortgage is a great way to take advantage of lower rates. There’s also the option to take out a HELOC or home equity line of credit against your home. This can be a great method for acquiring another property which you can then improve and rent out and use as a way to generate passive income. You could even use the credit to consolidate debts that have higher interest rates. There are many methods for creating generational wealth through real estate, whether your goal is to pass down physical properties to your children, pay for their college education, or build an emergency fund. While your equity is tied up in the house you buy, there are still ways to access that wealth and even use it to generate additional income and reduce debts. Quotes “The majority of Americans' wealth is typically in their home.” (2:49-2:51 | Ryan) “Most people don't realize you don't have to put down 20% to buy a home. You can do much less.” (16:59-17:03 | Ryan) “You can quickly be in a position where you've got multiple rental properties where you have cash flow and rental income at the same time those properties are appreciating.” (18:19-18:26 | Ryan) “Go buy that primary. Live in it, build that equity and improve it.” (21:02-21:05 | Ryan) “If you're thinking about buying this year or next year, how you file today matters.” (23:08-23:12 | Ryan) Links Connect with Ryan Campagnola: Website: https://s1l.com/loanofficer/ryan-campagnola/ Download a Free Chapter of Legally Ever After at LawMother.com/Lea Colorado Residents interested in estate planning, schedule a complimentary 15 minute call at Lawmother.com/go Learn more about Law Mother at LawMother.com
February 23, 2023
BRRRR Method Success Story with Raina Bayas
“Once you sell the asset, you're selling the golden goose,” explains Raina Bayas, real estate investor with The Bayas Firm. Today, Raina talks about how to use the BRRRR method to build equity and generate passive income. The BRRR method refers to purchasing a low-cost home that needs a lot of work, investing in improvements, and then renting it out. At times, you may have to look outside your state for lower cost investment opportunities. Lenders will loan out 75% of the appraised value for the house, and you can use that money to invest in your next property and just keep doing that. When you flip a house, you will have higher taxes and a loss of long term equity. Instead of flipping and getting rid of that asset, get more out of your investment through renting out the property. You have to be more careful investing in real estate when the interest rates are high. Even so, the BRRRR method is still a great way to achieve success and build long-term wealth. Quotes “As a new person going into a new market that is very popular, Nashville or whatever, you cannot compete because there's already people there. It’s already saturated with real estate investors and investors that have been there for a long time that have already established relationships.” (7:14-7:31 | Raina) “You have to create equity in the house.” (14:09-14:11 | Raina) “Lenders will lend 75% of the appraised value of the house.” (15:23-15:29 | Raina) “Once you sell the asset, you're selling the golden goose.” (18:33-18:38 | Raina) “By doing a flip you're capitalizing on the equity that you can make right now, but then that's it. That's all you have.” (18:54-19:01 | Raina) “A lot of people will buy a house looking at the current tax bill, not realizing that next year when it hits that you've bought this house for $20,000 more than what it is appraised at for the tax assessor that they're going to be raising your taxes.” (20:41-20:57 | Raina) “A good BRRRR with the monthly cash flow, minus taking out maintenance and property management fees, is about a hundred dollars.” (25:41-25:49 | Raina) Links Connect with Raina Baya: Website: https://www.thebayasfirm.com Phone: (720) 619-3522 Download a Free Chapter of Legally Ever After at LawMother.com/Lea Colorado Residents interested in estate planning, schedule a complimentary 15 minute call at Lawmother.com/go Learn more about Law Mother at LawMother.com
February 1, 2023
Damage Control for Real Estate Investments
“While they may be able to make the area look restored and brand new, what's behind the walls could still be very harmful, and worse, potentially cause issues in some kind of a construction defect down the line,” explains Kyle Chiasson, owner of Best Option Restoration. Today, Kyle reveals what you need to know about damage control for real estate investments. If you are a real estate investor, it is important to build a good relationship with a restoration provider before any signs of trouble. That way if anything goes wrong, you can get it taken care of quickly. Speed is extremely important in dealing with issues like water damage. When hiring a professional restoration provider, make sure they are certified by the IIRC, the Institute of Inspection, Cleaning, and Restoration, check their ratings and references, and make sure they are properly insured. Water damage can quickly become a very expensive problem, especially if it causes mold to grow. Having a qualified, reliable restoration provider who can get to the property quickly is vital for stopping issues before they get worse. Quotes “While they may be able to make the area look restored and brand new, what's behind the walls could still be very harmful, and worse, potentially cause issues in some kind of a construction defect down the line.” (1:12-1:25 | Kyle) “If you are having your renovation project take place on a house that's on the market or that you're flipping or prepping to rent out, ensure that you're keeping eyes on it and keep that HVAC temp turned up to at least 65 degrees during the winter to make sure that those pipes aren't going to have additional pressure on them when it gets cold.” (4:19-4:38 | Kyle) “Speed is the number one thing. So don't hesitate to call a restoration provider.” (15:02-15:08 | Kyle) “You don't have to be certified to do the work that we do. However, the only way to ensure that they've had the proper training is to understand are they certified with the IICRC, which is a mouthful, but it's the Institute of Inspection, Cleaning and Restoration certification.” (16:39-16:58 | Kyle) Links Connect with Kyle Chiasson: Phone: (720) 204-2095 Website: https://www.borestoration.com/ Download a Free Chapter of Legally Ever After at LawMother.com/Lea Colorado Residents interested in estate planning, schedule a complimentary 15 minute call at Lawmother.com/go Learn more about Law Mother at LawMother.com
18 total episodes available
Deep-dive analytics for Legally Ever After: Real Estate
Frequently asked questions
Have a different question and can't find the answer you're looking for? Reach out to our support team by sending us an email and we'll get back to you as soon as we can.
- What is Legally Ever After: Real Estate?
- How often does this podcast release new episodes?
This podcast updates daily.
- Where can I listen to this podcast?
This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
- Does this podcast accept guests?
Yes, this podcast regularly features guests.
Legal Disclaimer
Pod Engine is not affiliated with, endorsed by, or officially connected with any of the podcasts displayed on this platform. We operate independently as a podcast discovery and analytics service.
All podcast artwork, thumbnails, and content displayed on this page are the property of their respective owners and are protected by applicable copyright laws. This includes, but is not limited to, podcast cover art, episode artwork, show descriptions, episode titles, transcripts, audio snippets, and any other content originating from the podcast creators or their licensors.
We display this content under fair use principles and/or implied license for the purpose of podcast discovery, information, and commentary. We make no claim of ownership over any podcast content, artwork, or related materials shown on this platform. All trademarks, service marks, and trade names are the property of their respective owners.
While we strive to ensure all content usage is properly authorized, if you are a rights holder and believe your content is being used inappropriately or without proper authorization, please contact us immediately at hey@podengine.ai for prompt review and appropriate action, which may include content removal or proper attribution.
By accessing and using this platform, you acknowledge and agree to respect all applicable copyright laws and intellectual property rights of content owners. Any unauthorized reproduction, distribution, or commercial use of the content displayed on this platform is strictly prohibited.