The Most Dwanderful Real Estate Podcast Ever!
Dwan Bent-Twyford is a 35-year veteran of real estate investing. Whether you are looking for passive income, rentals, SFH, commercial properties, fix & flips, Subject-To's, storage units, creative financing or anything in the investing world, Dwan is your go-to girl.
She has personally flipped over 2,000 properties in her career - to date! She is considered Americas Most Sought After Real Estate Investor and she coined and trademarked the term "Short Sales" as it applies to real estate investing.
On Tuesdays, Dwan teaches you, in detail, about real estate investing. The literal A to Z's of every topic under the sun! Covering topics that you don't even know that you don't know about yet.
She has landed some pretty incredible real estate experts on her show. Many of whom you have never heard on another show. With 30 years of investing, running REIA's, and speaking on a national level for decades, she has some amazing contacts!
Keeping in mind that money is not the end-all, be-all of life, she digs deep in all areas of well being. She is hilarious and her guests love her. She prides herself on interviewing her guests in a way no one else does!
Currently, she and her husband are rehabbing a town! Yes, a town. Check in with Dwan weekly and watch your investing world soar.
Her motto is simple: People Before Profits! If this aligns with you, then you must tune-in each week and listen/watch Dwan work her magic.
Her podcast is absolutely binge-worthy, so if you are new to Dwanderful, get busy. You have some catching up to do.
In addition, she has written THREE Best-Sellers, been a guest on hundreds of podcasts, print medias, radio, TV and more.
The Most Dwanderful Real Estate Podcast Ever!
Four Simple Steps to Buy Your 1st Rental
Unlock the door to your future in real estate investing with me, Dwan Bent-Twyford, your guide and America's most sought-after real estate investor. As someone who prioritizes compassion over profit, I'm committed to helping you embark on the path to acquiring your very first rental property. So pour yourself a glass of your favorite beverage and settle in for a session that promises to lay the groundwork for your success in the rental market. With my experience and your enthusiasm, we're about to embark on a journey that transforms aspirations into achievements.
This session is all about action – where we tackle the initial, crucial steps in real estate investing. We'll navigate the landscape of foreclosures, uncovering the strategy behind working with homeowners in distress and how it can benefit both parties. I'll share the ins and outs of what makes a property an ideal rental, with a focus on the golden standard: a three-bedroom, two-bath house. Join the conversation as we go beyond the podcast, with invitations to live discussions where we can connect and delve deeper into the world of property rentals. If you've ever dreamed of building a real estate portfolio, this is where your dream starts to take shape.
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Hey everybody, welcome to The Most Dwanderful Real Estate Podcast Ever. I'm your host, Dwan Bent-Twyford. I'm America's most sought-after real estate investor. I'm so excited that you're here with me in season five. Let's start off, let's have a toast, cheers, and if you don't drink wine, get some water, some tea, some coffee. You know we like to just take a breath and like shake off whatever is on our mind and get right down to business. So again, I'm Dwan Bent- Twyford. I'm America's most sought after real estate investor. Our motto here at Dwanderful is pe ople before profits, so that resonates with you. I'm your girl. You can find me at dwanderful. com. Opt in over there. Actually, I have a free ebook how to flip your way to a fortune. I'm going to change that picture out now. Look that flip your way to a fortune. So grab the free e-book. I also have the top 10 short sale mistakes and how to avoid them. So grab yourself a couple of free e-books. Share the podcast, listen, learn, get on YouTube, all the places and just hang out with me.
Dwan Bent-Twyford:Today we're going to talk about the four steps to buying your first rental. All right, everybody wants to own rentals. I find that a lot People are like I want to have a rental. I want to have a rental, I have experience. What do I do? So I'm going to give you the first four steps and then I have already done a lot of podcasts in the past talking about rentals. So I'm going to suggest that you go back and listen to some of them, and I'll be doing some live YouTubes and on those we can talk about specific topics, like, if I'm talking about rental or whatever we're talking about, we can talk about things like that. But the first thing I'm going to suggest for you for buying your first rental is I would like to see you work with a homeowner that's in foreclosure. Now, I know a lot of people are like, oh, I'm going to buy from the MLS, you know whatever. But you know me, I've done over 2,000 deals over the last 30, 2, 3, 4, 5 years and I always still like to try to work with a homeowner when it's possible.
Dwan Bent-Twyford:The homeowners are in trouble. They need help. Once it's gone through the foreclosure process, it's back over at the bank it's bank owned. That's not really the same as a foreclosure, because the foreclosure is where you'd be helping a homeowner that's in distress. Now one where do I find the homeowners? Just go on to your county courthouse All the counties pretty much in the United States at this point. Just go in, type in foreclosures or sale dates, or foreclosure sheriff's sales, trustee's sales I'm not sure how it will come up in your county, but you can find usually the foreclosure or the sale date. Just print those out. You can talk to people, you can door knock, you can mail letters. Honestly, right now I find almost everybody on Facebook. So you see they're in trouble. Just direct message them on Facebook. Like literally everyone's on social media, so you can find everyone.
Dwan Bent-Twyford:So find a rental, now a rental. What do you want in a rental? Well, three beds should be your minimum. I mean, I have had some two ones and some two, twos, but you're really limiting the amount of people that you can rent to. So I'm a fan of three beds, two baths, four beds, two baths, but someone might not have enough family for four beds. So a three bed, two baths. Four beds, two baths, but someone might not have enough family for four beds. So a three-bed, two-bath, solid.
Dwan Bent-Twyford:Now, I'm not saying you can't do multifamily. I'm not saying you can't do duplexes. I'm not saying you can't do commercial. Let's just start off with the basic. Right out of the gate, you're buying your first rental. What are you going to do? First, find a single family home, get a three bed, two bath from the simple closure One, two, spend a minute and inspect the property, and by inspect I mean go through everything the air conditioning, does it have a well, does it have septic, does it have a furnace, what's the electrical, what's the roof? You can hire a home inspector, a home inspector, and really really go through and check out everything so that, if you don't know what things are or what things cost or how to fix things, make sure you know what it is actually that you're buying. And because you're going to have maintenance on all of your rentals.
Dwan Bent-Twyford:Now the next thing is you have to arrange your financing right. Well, Dwan, I don't know what to do. Well, if you have credit, you can certainly buy your first rental just straight from the bank. I mean, it's not a bad thing to do as long as you have down payment money and stuff like that. If it's a homeowner in trouble, you might be able to take over their payment, which is my favorite thing. Or if you belong to a local REIA group Real Estate Investors Association you could go to the REIA and find out if anybody has any money they would lend you short term, like a year, so you can buy the rental. You can get the financing from private money a hard money, lender or private money. Then in 12 months you can refinance it and get a lower interest rate and all the things like that. So get your financing lined up and then when you do get your first rental, take the time really to find a good tenant.
Dwan Bent-Twyford:Now, if I have a rental that becomes available in, say, the summer, instead of signing a one-year rental agreement to where it becomes available next summer, I'll offer a small and maybe a small discount, like just 25 bucks a month if they'll sign for 18 months, because then let's just say it's June and it's going to come due in June of next year, where everybody moves in the summer. So if I can make my lease come due july, august, october, november, december see, if I can make it come due in december, I have a better chance of them signing another lease, because people don't want to move in the winter, people don't want to move over their christmas holiday if they have kids. A lot of people like to just vacation and go do other things, so I like to try to always make my rental agreements come due in the winter. So offer a discount, even if it's 20, 25 bucks a month, a small discount for them or some kind of a signing bonus. Hey, when you move in, I'll give you a 200 and gift cards or just something, something to try to get them to go for 18 months. The longer leaves, the less likely to have tennis constantly moving. So I know those are fast and those were brief, but you got to start somewhere, ok.
Dwan Bent-Twyford:So again, at the end of every show, I'm going to ask you to leave a five star review. Here's one from a few weeks back. It says uplifting. Two, leave a five-star review. Here's one from a few weeks back. It says uplifting. She is so sweet and genuine and really does know her stuff. This podcast still offers so much insight and knowledge. That applies to each of my day-to-day operations in terms of business. William Morgan from the United States. Thank you, william. If you would like me to read your review, you have to leave one. So leave a five star review. Go find me at Dwanderful. Follow the show. Subscribe on YouTube, hit the bell, do all the things so that you can stay engaged with me on a daily basis and I'll be back next week, same bat time, same bat channel. And remember that the truth is in the red letters. Ciao.