Real Estate Investment With Colin Murphy

Torcana Podcast 38: A special conversation with Keith Weinhold of Get Rich Education.  Colin Murphy & Keith Weinhold co-host this special show which discusses the unprecedented volatility in the global economy and how we see the coronavirus affecting local real estate markets in the short, medium and long term. Keith is a well-known investor and educator who listeners may recognize from the GetRichEducation Podcast and the website getricheducation.com. He is also a writer for Forbes Magazine, best selling author and a successful real estate investor. Keith and I covered a lot of ground in this podcast which included: - Lessons learned from the 2008 crisis that can be applied now - Actions that work well for investors in an economic crisis - Should we be anticipating falls in house prices and rents? - What reserves you should have in place to weather the storm - The types of people currently buying and selling properties - The unique "safe haven" value of real estate during turbulent times - What internat

Colin Murphy & David Shaw co-host today's show and discuss the four different categories of investors, the types of people in each one and how some keep moving up that ladder and others get stuck. In this wide-ranging show Colin & David talk about: - How people get trapped in endless research and worry - The tendency to "buy one, wait a long time, and see how it goes" - How you can 10X your potential with clear goal setting - The importance of resilience & not sweating the small stuff - The huge difference between "accidental" and "intentional" investors - The habits of full time "breakout investors" And much more! Ratings are always welcome as is your feedback! Contact: colin.murphy@torcana.com. Useful links https://www.cnbc.com/2018/09/11/single-family-rental-companies-finally-click-with-investors-a-decade-after-financial-crisis.html https://fortune.com/longform/single-family-home-ai-algorithms/ https://www.statista.com/statistics/377896/owner-occupied-homes-by-units-in-structure

Torcana Podcast 36: Interview with my Business Partner David Shaw, Tampa Real Estate and Renovation Expert In today's special podcast Colin Murphy invites his long term business partner David Shaw to chat about his career, how he became involved in real estate and his views on what it takes to become a successful investor. A wide range of topics were covered in this show which included: - How Colin and David originally met each other in Ireland - How they started a new business at the start of the downturn in 2008 - The challenges they overcame when reinventing the business again in 2014 - How to scale a property flipping business - The importance of feedback from the ground - How to avoid getting screwed by contractors - How to handle the (inevitable) stress and mistakes in the real estate business - The key habits of successful investors - And much more! Further Information www.torcana.com colin.murphy@torcana.com david.shaw@torcana.com

Torcana Podcast 35: How to Overcome Big Risks & Fears When Investing Host Colin Murphy is back in the podcast booth after a summer hiatus to talk about the fascinating topic of risk and how important it is to accept it and to have a healthy appetite and respect for it. The risk or more accurately the fear of risk is the reason a lot of people don't invest in real estate or stop investing at the first sign of trouble. We often trip over ourselves when it comes to investing because of the way we subconsciously think about losses and gains. Our brains are hardwired by millions of years of evolution to be more afraid of losing than afraid of missing out on a gain. It is an instinct that helped our ancestors protect today's food rather than risk it for more food tomorrow. When people were hunter-gatherers who lived on the edge of survival every single day, that was a very helpful instinct to have and for the majority of our existence as a species, it served us well and didn't disappear just because we had agri

Hi everybody and welcome to Torcana Podcast 34! Those who have been waiting patiently for a new guest since Kathy Fettkes great podcast in Episode 31 will be delighted to hear that I have. Jared Garfield is today's guest and he is one of the top real estate investors and educators in the country. Jared and his teams have closed, renovated and managed over 3,000 properties in 5 states. He also runs a successful real estate coaching platform and has trained more than 1000 clients as they build real estate portfolios. In a wide-ranging interview, Jared and I covered a wide variety of topics including: - How Jared got hooked on real estate when his grandfather allowed him to fly around Utah in a small plane looking at real estate opportunities - The painful lessons he saw his grandfather learn about market cycles and how he applies them to his own successful business today - We examine the differences between overpriced and underpriced markets - We look at what types of properties baby boomers and millennials wi

The theme of today's show is the five important steps to get to financial freedom. One way or another, I think we all aspire to have financial freedom. That means different things to different people, but for most of us, it means having enough money arriving in your bank account each month to cover your bills and responsibilities whether you're actually working or not. Financially free people can retire whenever they want, but most keep working on stuff they love doing. I think that's a place we would all like to be right? 1. You need a good team You can't get rich on your own. If you did, then you a) you must be brilliant and b) you could have done it a lot quicker with some help. In order to build a real estate portfolio, particularly out of state, you need, in no particular order - property manager - lender - realtor - turnkey provider - bookkeeper & CPA - attorney - insurance agent - mentor / senior person to rely on If you're a property flipper like I am, did you need all of the above and several mor

Podcast 32 - Timing the market vs time in the market Earlier this month I was a co-host at an investor conference in Tampa. I had a lot of fun meeting a mix of old friends and investors just getting started on their journey. One of the things I noticed on the sidelines, particularly among the first-timers, is that they were worried a lot about what might happen in the near future. Some worried that prices were going up too fast, some that they were about to fall steeply. Others that rental yields were falling too fast or that interest rates were getting too high. I'm going to dig into the importance of these issues today and if there is one key theme it is that "time in the market" is much more relevant than "timing the market". Enjoy! colin.murphy@torcana.com www.torcana.com

I have an awesome guest on todays show! Kathy Fettke is one of the most respected voices out there in the Real Estate industry and someone who I've had the honor or knowing and working with for almost 3 years now. Many of you will have heard of Kathy, but for those who haven't, she is the CEO and Founder of Real Wealth Network, an organization dedicated to helping members get the most current and cutting edge information they need to succeed as real estate investors. Kathy is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR, CBS MarketWatch and the Wall Street Journal. She is the author of the #1 best seller, Retire Rich with Rentals and is host of The Real Wealth Show. She is also a very active real estate investor! We covered a lot of topics in today's show including: How Kathy got started in Real Estate How her company is helping thousands of people to build passive income streams through rental properties The mistakes Kathy sees people making when prices are rising fast Her thoughts on th

On today´s show I had the pleasure of welcoming Keith Weinhold to the Torcana Podcast! Keith is a well known investor and educator who is host of the GetRichEducation Podcast and the website getricheducation.com. He is also a writer for Forbes Magazine, a best selling author and a successful real estate investor. We covered a wide range of topics on episode 30 which included: - How Keith got started - The economic and demographic trends investors need to be aware of - The key habits and traits of successful investors - How Keith organizes his time and manages multiple businesses from a base in Alaska - The FIVE ways real estate investors get paid from rental property - PLUS a very funny story about some of Keith's earliest tenants Useful Links https://www.getricheducation.com/ https://www.getricheducation.com/podcast/ Five Ways you Get Paid: https://www.dropbox.com/s/vlfshqqvx1mboeh/Five-Ways-Real-Estate_Pays-You.pdf?dl=0 Link to my interview on Keith´s Get Rich Education Podcast: https://www.getricheducation

In todays podcast, Colin Murphy answers 25 of the best questions he is most often asked by prospective investors. For example: What is overall impact of hurricanes and how do they affect Tampa rentals? What are typical property management charges? Do we sell properties in good school districts? How much money should you set aside for vacancies & maintenance? What capital appreciation are we seeing right now? How do I get over analysis paralysis? And many more! To make things simple, all of the questions are divided into five categories: (1) Insurance & Hurricanes, (2) Property Management, (3) Local Neighborhood & Property Types, (4) Cashflow & Appreciation, (5) General Strategy. As always, feedback from our listeners is always very welcome, as are reviews in your preferred listening platform! If you´d like to contact Colin directly, please email colin.murphy@torcana.com

In today´s show, real estate investor Colin Murphy discusses how he analyses property markets, avoids common pitfalls and only buys homes that have the highest potential to make stable rentals. Among other things, Colin recommends - Looking for markets with fast growing populations and strong job markets - Sticking with landlord friendly cities with reasonable tax rates - Buying in local economies that are big and diverse - Buying in neighborhoods with lots of first time buyers and owner occupiers - Identifying the lower middle class homes that have rental and resale demand in every cycle - Avoiding unique houses and coastal locations. - Focusing on concrete homes built after the 1970s. - Becoming an expert in specific geographic areas. And much more! Contact details: Colin Murphy Torcana.com colin.murphy@torcana.com

After a long absence Tampa Florida investor Colin Murphy is back in the Torcana Podcast booth to discuss the best ways to balance a strong cashflow (which we all need to pay our bills) with solid capital appreciation (which is how we make real money). Among the many topics touched on in this short podcast are: 1. How investors often compare deals in different markets using year 1 cashflow predictions only. 2. How a high growth market can add annual equity equivalent to an entire years income 3. How population and job growth underpin a solid market 4. The five ways we earn money from real estate More information: colin.murphy@torcana.com www.torcana.com

On Torcana Podcast 26 we interview M.C. Laubscher, the President and CEO of Valhala Wealth Financial and host of the popular business and investing podcast, Cashflow Ninja. This was a really great show which covered a host of fascinating topics, including: - Why so many people struggle financially - The biggest threats to our wealth & how to avoid them - Strategies to accelerate the wealth building process - The huge tax & inflation advantages of real estate - How millenials can transform the fortunes of future landlords - The key habits & traits of successful investors - And much more! Contact Information Colin Murphy colin.murphy@torcana.com www.torcana.com M.C. Laubscher info@cashflowninja.com www.cashflowninja.com/be-the-bank Cashflow Ninja LLC 2110 S. Eagle Road #403 Newtown, Pennsylvania, 18940

If you want the inside track from an expert who helps investors get the best possible mortgages for their rental properties, then tune into today's show with special guest Graham Parham from Highlands Mortgage. Graham has been in the business 20 years and is probably the most investor-friendly lender I have met to date. In this wide-ranging interview we discuss - The types of loans investors are using to acquire rental properties - The different entities investors use (LLCs, IRAs, Trusts, etc) and why they should be careful to avoid conflict with Fannie & Freddie rules - How HELOCs and 1031 exchanges can help turbo-charge your portfolio - The new reserve requirements you need to be aware of - The importance of setting aside rainy day funds for emergencies - The biggest mistakes Graham has seen investors make and how to avoid them.. If anybody wants to contact Graham Parham directly, he can be reached via Toll-Free: (855)-326-6802 Email: graham@theparhamteam.com Finally, please click on the link below to v

In today´s show real estate investor Colin Murphy discusses a huge topic - the decline in homeownership in the United States, the key factors that are driving this trend and how a win-win situation has been created for real estate investors. The top factors driving this decline in the homeownership rate in the U.S. are: Tight credit markets Huge student debt Housing affordability Low personal savings rates The good news for investors is that (a) the current environment is excellent for property investors and (b) we have an important role to play by renting stable, long term properties to people that deserve them. Put simply, as more people turn to renting, you can be the supplier of inventory. In exchange for providing rental properties to people that want a safe place to live, these tenants will help you pay down your mortgage, build equity in your home and fund your passive income streams. It´s a pretty good deal, BUT you have to pick the right kinds of properties to avoid being caught out in the next downt

In today´s show we speak with James Vestal, Associate Broker with Marcus & Millichap in Tampa Florida and an expert in apartment and multi family investments. We covered a wide range of topics in this show including: - Key differences between multi-family and single family investments - How people source multi-family and apartment opportunities - The due diligence investors undertake when purchasing multi-family - The distinct property management challenges in this area - The commercial financing available - The mistakes buyers and sellers in this space need to avoid - Key tips for people considering an investment in multi-family - Plus: James tells us about an apartment he inspected what 30+ cats living in it! My contact details Colin Murphy Torcana.com Tel: 727 302 1422 colin.murphy@torcana.com Guest contact details: James Vestal Marcus & Millichap Tel: 813 387 4733 james.vestal@marcusmillichap.com

Tom Goebel is the guest on Torcana Podcast 22 and I think this is one of our best shows to date. Tom is a very experienced Tampa based investor who I´ve known and respected for quite a while. He has been buying real estate for 30 years and he has used just about every creative strategy out there to source, finance, and profit from them. In today's show we discussed: - How Tom first got started in real estate at just 18 years of age - How he networked constantly with experienced professionals who partnered and advised him - How he started buying foreclosure & REO properties for 50 cents on the dollar back in the 1980s - How he was once the largest buyer of sinkhole properties in the Tampa Bay area - His transition into million dollar mansions and how he got caught out during the 2008 crash - How he helped hedge funds accumulate hundreds of properties in the recent crisis - His creative strategies including exchanges, hard money lending, notes, seller financing and more - His advice for new investors who ar

In today´s episode, we invited full-time Tampa wholesaler Clark Lunt into the podcast booth to talk about the real estate market from a wholesalers point of view. I think the role wholesalers play in transforming neglected properties into gems and facilitating difficult property sales between distressed home owners and rehabbers or investors is often misunderstood and under appreciated. Topics covered in this wide-ranging interview include: - How Clark sources off-market properties using branding and direct mail campaigns - The reasons people sell their property to wholesalers instead of dealing directly with realtors or regular home buyers - The negotiation methods Clark uses to reach a realistic purchase price with sellers - The risks and headaches wholesalers take on board when putting distressed properties under contract - The people Clark partners with once he puts a property under contract - A real-world step by step example of how Clark created a win-win-win situation for himself, the seller and the ne

In this week's podcast, we outline our 12 step guide to starting or growing your real estate portfolio in 2017. The end of the year is fast approaching and while Christmas time can be very hectic, a few days away from the normal day job can be a great time to set and revise our personal and financial goals for 2017. Today we outline 12 simple and actionable steps that ANYBODY can take to seriously increase their net worth in 2017. 1. Commit. Make a promise to yourself that you are going to do it. 2. Get Your finances and your Life in Order 3. Study and gain general Knowledge Recommended books: Ultimate Beginners Guide to RE Investing by Brandon Turner http://tinyurl.com/hbo8gha ABCs of real estate investing by Ken McIlroy http://tinyurl.com/h37dpsa The Millionaire Real Estate Investor by Garry Keller http://tinyurl.com/jf79emh Biggerpockets.com Zillow.com Realtor.com Realtytrac.com 5. Set Your Goal(s) and decide what strategy can get you there. Be ambitious. 6. Analyze different areas but choose one location

We are approaching the end of the year and a lot of investors I speak to on the phone are worried about mortgage interest rates and how the recent and possible future increases could affect their investment plans. So, I thought it would be a great idea to invite Kristine Bredeau from Eagle Home Mortgage onto the show. I´ve known Kristine for a few years and she has helped many of our out-of-state clients secure mortgages for rental properties in the Tampa Bay area. She is very experienced, understands what investors need and I am delighted she found time to join us today. Topics covered in this wide ranging interview include: - What mortgage interest rates we can expect in the New Year - What loan to value ratios are available for investor loans - The many advantages of releasing equity on a primary residence - Tips on how to improve your credit score - Current status of foreclosures in Florida - The shadow inventory banks are holding and if they will dump it in 2017 - The best time of year to make offers on