Your Way Into Real Estate

About Your Way Into Real Estate

Get on the property ladder! Investors and first-time buyers alike eagerly absorb easy-to-apply steps to interacting with real estate, agents and tenants.

Publisher

Natalie Mitchell

Category

business · business

Language

en

Explicit

No

First episode

19 Jul 2023

Latest episode

20 Jul 2023

Latest episodes

34 episodes in the feed.

1. 

   20 Jul 2023

   Flip Files: The Starter House

   Flip Files: The Starter House Lean, clean, and quick is the name of the flipping game! In this episode, Natalie shares details about her latest flip house –a detached starter family home flipped in 3 days for a substantial profit! “What is the least amount of work for the least amount of money, and the shortest amount of time that I can invest in this place to get a higher return? How much of an extra return am I able to get if I do more? Is it worth me doing?” Natalie’s flipping process is streamlined and very successful. Systems are meant to work over and over, and hers does the trick every time. In a flip, time exposure is your best friend or your worst enemy. So, when she purchased this particular fixer-upper, she realized time wasn’t on her side as the market was changing by the week at lightning speed. Natalie determined that a mini-flip would lead to the greatest return. She repainted, repaired the HVAC, plumbing, and electrical issues, installed new carpet, and tackled some basic cosmetic issues that would spruce up the house, and increase the value. Every house needs a memorable element! Listen as Natalie tells you what she did with the interior doors! You won’t believe it works. Some key elements Natalie looks for in a flip is focusing her search on a family community. The house must have at least 3 bedrooms above grade, a reasonable main bathroom with a tub, and a good kitchen layout. It’s all about hedging risks. What is the market doing, who’s the likely buyer, and who is going to live here? What must you do to get a buyer to choose this house over something else? And how do you make it as aesthetically pleasing as possible knowing that people are buying at the top of their budget and they’re not going to have any money left over to do anything? How do you get buyers to say YES from the second they walk up to the house? “Flipping is awesome. It’s fun, it’s creative, and I have to say… It's so much more enjoyable to do it in 3 days. You get in, get out, make your money… done!” — Enjoying the show? Please give a 5-star rating and review on Apple Podcasts - every review helps others find the podcast! As a thank you for the review, you'll get the first three chapters of my book for free! Post a screenshot of your review on Instagram, tag @nataliemitchell_reinvestor and I'll send you the first three chapters of “Investing In Her-Self: How A Working Single Mother Created Wealth Through Real Estate and How You Can Too!” — Natalie Mitchell: website | instagram | facebook

2. 

   20 Jul 2023

   Flip Files: How do you Decide What to Change?

   Flip Files: How Do You Decide What to Change in a Flip? How do you decide what to renovate? What to let go? Where to spend your money? In this episode, Natalie Mitchell walks us through the best tips & tricks about renovating a flip, both big and small! “Some of the best returns I had on flips I spent almost nothing on.” A big misconception with flips is that adding high amounts of money adds the most value and increases the resale price. That is not the case. Of course, generally, the value goes up the more you invest, but there certainly is not a direct correlation. One important technique in a flip is “High vs. Low”. Do you have to use the expensive version, or can you use the cheaper DIY version? You need both high and low in most projects. The key is to balance the two, for both your bank account and the overall look of the remodel. It’s always about flow. Does it fit together? You don’t always need to have a big renovation to make a big change. Sometimes, the smallest things make the biggest impact. “Staging 1-2-3” is the backbone of flipping. The three tiers include (1) the things that are free, easy, or cheap; (2) changing items that require a little more effort or money; and (3) things that might cost a lot more money and/or effort but are worth considering. You don’t want to over-improve a home when doing a flip. You will not get your money back if you overspend. The key to a flip is to give the buyer the impression that there is more space than there actually is. Instead of trying to create more, try to find the potential in what you already have. It’s often the smallest spaces that create the biggest impact. Go neutral on the bigger elements. Be brave, be bold, and be first. And always ask for help! — Enjoying the show? Please give a 5-star rating and review on Apple Podcasts - every review helps others find the podcast! As a thank you for the review, you'll get the first three chapters of my book for free! Post a screenshot of your review on Instagram, tag @nataliemitchell_reinvestor and I'll send you the first three chapters of “Investing In Her-Self: How A Working Single Mother Created Wealth Through Real Estate and How You Can Too!” — Natalie Mitchell: website | instagram | facebook

3. 

   20 Jul 2023

   Property Management 101

   Property Management 101 In this episode, Natalie is joined by her personal assistant Lihi Edelman to flesh out what exactly professional property managers do. There’s so much that goes on in their roles and each day brings new excitement and surprises! This past month, they've had 4 dishwasher leaks, 3 washing machines die within the same week, an exploding toilet, hallway bugs, and a water tank blow.  So, what's their role in this? To do all the work so that the investor/owners don’t have to worry about a thing.  This also includes tenant evictions, move-ins and outs, inspections, professionally drafted leases, bylaw reviews, arranging for repairs and inspections, booking elevators and moves, and more. “Our tenants aren’t just renting an apartment or house; they’re renting us and our systems. The chances are, the more properties you have, the more stuff is going to happen.” They recognize it’s a partnership of where they're living and the experience they’re going to have living there. Natalie and her team have amazing automated systems for payments, repairs, communication, and tenants like the fact that this is what we do all day long and have the systems in place. It makes them easy to reach. They’ve also recognized there’s a growing resistance from tenants to not rent from owners that don’t properly manage rentals full time. If you want to learn more, Natalie’s second book, So, You Want to be a Property Manager? just came out and is packed full of stories and advice about starting your property management journey. There’s a lot that property managers do that renters don’t really think about.  Understanding leasing is super important, you must be a management expert. “To owners- My job is for you to never think about your rental and you just receive your deposits every month. But, we get a little bit of everything. We want to do the best possible job for our owners.” — Enjoying the show? Please give a 5-star rating and review on Apple Podcasts - every review helps others find the podcast! As a thank you for the review, you'll get the first three chapters of my book for free! Post a screenshot of your review on Instagram, tag @nataliemitchell_reinvestor and I'll send you the first three chapters of “Investing In Her-Self: How A Working Single Mother Created Wealth Through Real Estate and How You Can Too!” — Natalie Mitchell: website | instagram | facebook | linkedin

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Apple Podcasts (US)

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