When I heard someone bought a house for $7,000 I had to see for myself! Luckily the buyer lives in South Carolina and after less than 1 hour in the plane I was there. (AWESOME LINKS BELOW)
Now, there were a couple reasons for my visit to this property and full disclosure, this is NOT a home I own or will profit from. I'm just doing my part as an educated investor to pass on knowledge to the buyer and help her build generational wealth by keeping this house as a rental and improving her own neighborhood.
Watch this video to see our walkthrough of a 900 square foot 2 bedroom 1 (soon to be 2) bathroom house in South Carolina and how we think the buyer should renovate it!
If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think
Don’t know how to determine property value? If not, it’s best to start learning since you’ll NEED to know a home valuation before you buy, flip, or wholesale any real estate deal. While many apps and software promise highly accurate valuation numbers, the most accurate form of a valuation will be one done by an appraiser, an agent, or yourself.
Anson walks through the three parts of accurately coming up with a home’s value, all of which can be done inexpensively and often from the comfort of your own home. This is one of the real estate muscles that you’ll need to get reps in before you can start taking on bigger and better deals. Next time you’re around an experienced agent, wholesaler, or flipper, ask them what they think a house is worth, you’ll most likely get a surprisingly accurate ballpark figure!
How do you beef up your valuation skills? Let us know in the comments!
00:00 Avoid a Dumpster Fire 02:03 Valuations 101 03:20 Part 1: Get Expert Help 07:30 Part 2: DIY Valuations 15:57 Adjusting Your Comparables 18:06 Part 3: Live Valuation 20:07 How to Value a Property 22:29 Pro Tip: Learn the Skills, Rely Less on Software 23:21 Action Steps
Reid Kurtenbach has been a member of the REtipster community for some time now, and he has been funding land deals across the US for land investors since 2019, using both his self-directed Roth IRA and his own personal capital.
We thought it would be interesting to bring Reid on the show because this idea of funding land deals has grown to be pretty popular in recent years, and for good reason.
There are some land investors who get into the business, they see the opportunity, they work some deals themselves, but they realize pretty quickly that they don’t have the time or the desire to do all of this hands-on work themselves. However, they DO still believe in the business model and they have the money.
Likewise, there are some land investors who DO have the time and desire to find and work the deals, but they don't have the money to keep deals flowing through their pipeline. They need someone who understands the land business (because most conventional lenders don’t) and is willing to provide the funds they need to buy the properties.
Most land investors fall into one of these two camps… and regardless of which camp you fall into, it’s important to understand the perspective of the money partner who is willing to contribute the money and let the active investor take the lead while expecting a certain return after the deal is done.
- What’s it like to work with someone like this? - What are the challenges in this kind of relationship? - Why should or shouldn’t someone partner with a private money partner?
There are a lot of things to unpack in this kind of partnership, and Reid is going to give us his perspective on it.
This is also an interesting issue for us to explore because Jaren is coming at this from the other side, as the active investor who is using other people’s money to fund deals… so there will probably be some different options and perspectives as we talk about how things should look from both ends.
Should you create an LLC? How do you do a 1031 Exchange? When you start an LLC for your real estate property, it gives you that insurance from using your name. Immediate Tax savings is one of the best real estate investing advantages too. Tons of investors use a 1031 Exchange to save tens of thousands of dollars every year.
In this Mentorship Monday, Matt shares his years of proven experience on 1031 Exchanges and how to start an LLC for your real estate property or investing portfolio. All of the common questions get answered. This video will help you understand what they both are, and if you should use this approach for your real estate investment strategy.
In this video, you will learn: - What a 1031 Exchange is - How to use a 1031 Exchange - How to set up an LLC - When to set up an LLC - Benefits of Starting an LLC - How to do a Quitclaim Deed
⏰ � TIME FRAMES� ⏰ 00:00 Coming Up 00:48 Introduction 01:24 1031 Exchange 02:58 Refinance Into LLC (Quitclaim Deeds) 04:02 Setting Up with LLC 04:40 LLC Benefits 06:09 Sole Proprietorship 06:42 Steps to an LLC
� Need Some Proven Strategies for Raising Private Capital? Grab a Copy of Matt's book "Raising Private Capital" https://amzn.to/3hGCAyT
One of the skills real estate investors must learn is how to do deal with houses that have little to NO EQUITY. Today let's go over a deal where the buyer just purchased the house a year ago so the loan balance is the same as the current value. When the house has no equity, we must determine how we can get paid and further still help the home owner, because most people have no idea. We'll go over the 3 things we look for to find out if we can do the deal. We'll also go over how to decide whether we should do a Lease Option, which means we don't go on title, or buy it Subject TO, which mean we will be the new owner. Another issue with this house is it has NO CASHFLOW either. This presents another issue because I learned years ago owning houses with no cashflow is a no-no. We'll walk through the numbers on this deal and go to the house meeting the seller and find out how we can help them the best.
00:00- Intro 1:45 - 3 things to look for when a house has NO EQUITY 4:45 - The difference between Subject To and a Lease Option 10:40 - Let's look at the neighborhood and surrounding houses 12:10 - Meet the seller and let's walk through the house 16:32 - Let's talk to the seller about how we can help and put the deal together 19:45 - What we decided to do about this deal and what exit strategy we're going with 22:25 - What's the main determining factor in this deal
Join the conversation as Ken and Danille discuss the latest from the FED on inflation and its impact on real estate and the economy! Grab the shownotes at this link: https://www.kenmcelroy.com/risingrent
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
• DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates
The right business entity can work for you to achieve your goals, even though many new real estate investors delay setting it up. But it shouldn’t be this way, and it sure as heck doesn’t have to be hard. The business entity you structure should allow your business to grow, not just limit your tax expenses, and it should work for you, not against you.
Are you looking to buy an investment property but are worried about potential foundation issues? Here's what you need to know about foundation inspection.
✔️ Science of Flipping Academy ✔️ All the systems and software I use in my business ✔️ All the tools you need to run your business ✔️ All my Scripts, Contracts, Spreadsheets ✔️ Special Discounts ✔️ And Much More...
“Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP)
“Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW)
“We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom)
����� ������: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors.
Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio.
Can you identify motivated sellers vs. unmotivated sellers? When you’re first starting to pursue off-market deals, it can seem like most sellers are unmotivated. Even Sterling has to follow up almost 6-8 times to get a motivated seller to speak to him. But, as many investors know, getting an off-market real estate deal can be worth the effort put into it.
Sterling shares his top strategies to get motivated sellers on the phone and ready to close deals. He also shares common phrases used by unmotivated sellers. These tips can help save you hours and hours when you’re cold calling, sending direct mail, emailing, or even door knocking.
00:00 Turn Motivated Sellers into Closed Deals! 01:09 Make a Win-Win with Sellers 02:02 Follow Up 03:37 Make MULTIPLE Attempts 05:02 Common Motivations for Sellers 07:30 Steer Clear from These Unmotivated Sellers 08:22 Main Takeaways
Buyers are experiencing fewer bidding wars as the home-buying frenzy is finally easing. The cutthroat conditions across the U.S. real estate market are showing more signs of easing, offering some welcome news for buyers who can expect less of an uphill battle when it comes to securing a new home, according to a report Tuesday from Redfin. Today we speak with Matt Kelderman to get his take on the housing market right now and answer your real estate questions.
Please Feel Free To Drop Me A Email At Info@YourRealEstateWhisperer.com Or You Can Call Me Direct At: 1-225-246-1812 �To look for properties in the Baton Rouge and Ascension Parish area click here: https://goo.gl/Pfi9W9 #housingmarket #homes #kristinasmallhorn
�To read my blog visit yourrealestatewhisperer.com �To Send Mail: Kristina Smallhorn PO BOX 1271 Prairieville LA 70769
Kristina Smallhorn, Your Real Estate Whisperer kristina.smallhorn@exprealty.com,info@yourrealestatewhisperer.com eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817 DIRECT☎️: 225-246-1812 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918 Disclaimer: All images and additional video segments contained in the Thumbnails and/or B-roll segments are used in strict compliance with the appropriate permissions and licenses required from https://pixabay.com and in accordance with the YouTube Partner Program, Community guidelines & YouTube terms of service. As an Amazon Associate, I earn from qualifying purchases at no extra cost to you as a buyer. Opinions about the housing market are solely for entertainment purposes, Do not take the advice for your personal financial information from any youtube video, seek advice from your personal real estate advisor. The advice of the guests and realtors is solely their opinion. No advice will be given about any tiny home, modular home, or affordable housing home builder quality of work or product.
#podcast Episode #175 - Against her parents' wishes, Myra Oliver graduated high school and became a hairstylist instead of going to college. But she followed her heart and her independent streak, which led her to work long hours, save money, and eventually invest in real estate. By 33 years old, she and her husband owned 10 rental properties that produced $5,000/month of cash flow. In this interview, Myra shares the details of her journey that now 30+ years later has led her to a place of financial freedom.
If you're setting up a limited liability company, coming up with the name is something that seems to trip a lot of people up.
I can't tell you how many times I've been on the phone with someone and I say, "hey I need a name or two for your limited liability company." And it's just silence.
Naming your LLC names are not that important, but there are a few things to consider naming it.
When it comes to setting up your LLC and it's not a business per se, that is associated with you, do not use your name. That is the number one mistake that I see people make.
Watch this video as I break down what to consider when naming your limited liability company.
If you would like a FREE 45-minute consultation, you can request one here � https://aba.link/clintss
Visit https://andersonadvisors.com/ for financial strategies, podcasts, articles and details on upcoming workshops. Call us at 800-706-4741.
Let’s Connect For business or one-on-one real estate asset protection consulting inquiries, you can reach me at ccoons@AndersonAdvisors.com
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
✔️ Science of Flipping Academy ✔️ All the systems and software I use in my business ✔️ All the tools you need to run your business ✔️ All my Scripts, Contracts, Spreadsheets ✔️ Special Discounts ✔️ And Much More...
“Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP)
“Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW)
“We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom)
����� ������: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors.
Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio.
Effective August 01, Fannie Mae and Freddie Mac will no longer be charging lenders a 50-basis-point fee when the GSEs deliver refinanced mortgages. The fee was instituted last August to cover losses projected as a result of the COVID-19 pandemic, but the decision sparked major outrage among housing groups.
Home prices are still going insane, but when will this wild market reach its peak? Well, according to new data from Redfin, we may start seeing a slowdown in property price growth rates. This doesn’t signal a crash on the horizon any time soon, but it does seem like competition is getting less severe for home buyers.
What’s factors could impact market dynamics? Inventory is up (finally!), demand is starting to wane, and days on market is flattening out This is great news for those who are looking to buy, but a little disappointing for those who looking for endless growth.
Do you think a housing market crash is still in the cards, or are you waiting to sell your two-bedroom one-bathroom home for millions at the end of 2021? Let us know in the comments!
00:00 Dave is Back 00:42 Housing Inventory is (Finally) Going Up! 02:09 Demand is Starting to Soften 03:45 Less Homes Under Contract 05:03 So...No Housing Market Crash?
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