The Most Dwanderful Real Estate Podcast Ever!

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan and Bill are still on Route 66 and Dwan shares with listeners how to make three creative offers on each property. This is the last episode of the rentals season of the podcast, so next week she will begin teaching about rehabbing. She begins by describing the rentals process: wholesale 2-3 houses until you have...

Send us Fan Mail The topic of this episode is knowing how much rehab to do to your rental properties. If you are purchasing the property for 60-65% of the value like Dwan tells you to, you should have some extra capacity to do some rehab yourself or hire someone to do it for you. You want the property to be nice for your tenants, but if you will need to do too much work to make it livable, perhaps...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan discusses when and how to hire a property manager. Being a landlord to a few tenants that you have interviewed and chosen ahead of time can be great. But when you own multiple properties, tenant requests and problems can be exhausting. Dwan recommends that you manage your own properties when you just have one or...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan talks about the one thing that no one wants to do but sometimes has to be done: evictions. If your tenants violate any of the terms of your lease agreement, you can evict them based on the laws in your state. While late rent payments are one of the more common reasons for eviction, others could be damage to the...

Send us Fan Mail The subject of this episode of The Most Dwanderful Real Estate Podcast Ever is when to sell your rentals. But first, Dwan opens up about the day she got a collect call from jail. It was her husband, who had been caught selling a crazy amount of drugs (with his band mates). He would remain in jail for 5 years, leaving Dwan and Ayla to fend for themselves, which ultimately led Dwan...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan talks about how to pay off your rentals. Contrary to what a lot of other real estate investors do and tell others to do, you should pay off your rentals before paying off your own assets. When you close your first deal, go ahead and quit your full-time job and use the profits from that deal to pay yourself a wee...

Send us Fan Mail You have probably heard Dwan mention the Power of 13 before, but maybe this is the first time you have ever heard her explain it. Dwan has found this fail-proof method of creating passive income for yourself that can help you quit your desk job and start working on fulfilling your own dreams! Many real estate investors make the mistake of borrowing against their rentals for other...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, the topic is Section 8 rentals. Many people don’t even consider having Section 8 tenants because they don’t want to be involved with “those people.” What they don’t realize is that people who use the program as it is intended are legitimately down on their luck and trying to support their children the best way they k...

Send us Fan Mail The topic of this episode of The Most Dwanderful Real Estate Podcast Ever is asking yourself the question “What do you want to own?” It would be tempting to just jump into real estate investing based on the experience or recommendation of someone else that you should flip or rehab houses, but you need to sit down and write out what your actual goals are. Think about where you want...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan discusses long term rentals. She specifically outlines the benefits of having tenants stay in your properties for more than 18 months, especially if they are good tenants and they are taking care of the house. She talks through exactly how to have this conversation with your tenants and offer them a discount on...

Send us Fan Mail Dwan discusses her practice of taking photos of her tenants in each room of the house at the beginning of their lease on this episode of The Most Dwanderful Real Estate Podcast Ever. By taking these photos, you are protecting yourself and holding your tenants accountable for any damage they create at the property while they are living there. This is the proof you need if they insi...

Send us Fan Mail The subject of this episode of The Most Dwanderful Real Estate Podcast Ever is “the giant deposit.” Dwan talks about her recent experience with her son going through this process of purchasing his first rental property and vetting the tenants with an unannounced pop-in visit as well as the conversation he had with them about the deposit. Dwan knows from experience that almost ever...

Send us Fan Mail To kick off the new season of The Most Dwanderful Real Estate Podcast Ever, Dwan overviews the topics to be covered on rentals and brings in some illustrations from her own experience. The type of rentals Dwan is talking about this season are ones where the investor is trying to build up a rental portfolio rather than specifically helping homeowners in distress, but it is very lik...

Send us Fan Mail Dwan describes the process of owner partnering (also known as equity partnering) and the importance of getting your paperwork in order before venturing out with a homeowner in distress. Many things can go wrong, but many things can also go right, and the ideal outcome is for you to make a hearty profit, the homeowner to walk away with a good payout, and everyone to be happy at the...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, to topic is Rent to Own deals and how to do them right. The concept of Rent to Own is not that different than Owner Financing from last week, but the distinction is that you retain ownership of the property with Rent to Own. You have your tenants in the property sign lease and option documents as well as an agreement...

Send us Fan Mail This episode of The Most Dwanderful Real Estate Podcast Ever is all about turning your Subject To deal into real sustainable wealth by offering owner financing to a new homeowner. Many families who fell on hard times during the recession about 10 years ago have still not been able to build up their credit enough for a bank to give them a home loan, so they are eager for owner fina...

Send us Fan Mail Many real estate investors avoid Subject To deals because they seem too complicated or advanced, but with Dwan’s help, you can master them in no time. This episode of The Most Dwanderful Real Estate Podcast Ever describes an overview of the Subject To process and Dwan gives listeners some crucial things to keep in mind before taking on a Subject To deal. As with all of our real es...

Send us Fan Mail The purpose of this episode of The Most Dwanderful Real Estate Podcast Ever is to sum up the topics that have been covered so far in the podcast and specifically this season about short sales and to prepare you for the final month of this season. Since the month of June will be focused on subject 2 sales and homeowner partnering, you need to transition your mindset and put out som...

Send us Fan Mail You might not think that working with homeowners in bankruptcy is a good idea, but – in fact – bankruptcy can save your deal. On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan spells out the bankruptcy timeline and explains what it looks like to work with homeowners through that process. It is not for the faint of heart, but some homeowners who are determined t...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, the topic is closing your short sale properly. Dwan outlines the simple things that you need to have lined up to make sure that your closing goes smoothly. From contracts to the letter from the bank to the rehabber’s cash in hand to making sure the homeowners are out of the house before the closing, Dwan’s tips and t...

Send us Fan Mail This episode of The Most Dwanderful Real Estate Podcast Ever is crucial for you in ensuring the bank doesn’t screw your homeowners. So many real estate investors out there are only in it for the money and they don’t do the right thing when it comes to protecting their homeowners. There are several things that you need in writing from the bank to absolve your homeowners from any fu...

Send us Fan Mail This episode of The Most Dwanderful Real Estate Podcast Ever outlines the third offer in the short sale process. This is the offer where you get down to business with the bank rep or loss mitigator and crunch the numbers to show them how much it is costing the bank to keep holding on to this property. In light of the emotional attachment and fear that you have built up with the pr...

Send us Fan Mail This week on The Most Dwanderful Real Estate Podcast Ever, Dwan walks listeners through the second offer to the bank during the short sale process. This second offer should tell the bank that you are serious about this property but you also want to point out to them all of the negative things about the property and the surrounding area. You want to jump your offer to 60% of the va...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan talks listeners through the first of three offers that you are going to give the bank for your short sale property. You will learn specifically what to say to the loss mitigator, what to include in the package you send to them, and how much your initial offer should be. Your goal with this offer is to create an...

Send us Fan Mail On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan gets into the nitty-gritty of how to begin the short sale negotiations with the bank. You will learn how to go maneuver the 3-step offer process as well as find the right person to talk with at the bank. Your loyalty is always with your homeowner, who you are trying to give a fresh start without them getting a f...