If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.
If you've ever wanted to raise money to buy houses WITHOUT having to go to the banks, use your credit or turn in tax returns, this training is for you. I'm grateful for the opportunity to have raised millions of dollars over the years during my short real estate career. Tonight I'd like to simply share with you how real estate investors work with ordinary people to finance house flips. Due to all the volatility in the stock market, this is one of the best times to RUN to the private sector for private investors. Join us to get the details... Use Coupon code "MONEY" for 25% off my Private Lending Presentation: https://krish.thrivecart.com/private-lending-presentation/ Use this when you sit down w/ your lenders to discuss how you do business and how they get paid!
We'll also be going over some of our questions of the day:
-If you have the emotional circumstance of trying to wholesale a house that is occupied by a tenant, the tenant generally speaking has no reason or benefit to allow you inside the property. Out of the answers below, what's the best practice to be able to show the property to your end cash buyers?
-When you're borrowing money from a lender, and they give you a loan with a 5-year balloon payment, what does a "balloon payment" mean?
-You own a rental property with an interest only loan. Your yearly taxes are $1,800 and your Insurance is $900. The interest you pay on the loan is $700 per month and you pay monthly escrows for your taxes and insurance on top of the interest to the lender. Please calculate what your monthly payment would be on this loan?
Join Ken McElroy and co-host Danille this week as they discuss inflation and other pressing topics from the news. Additionally, Ken answers questions from the Premium members! To get your questions answered and learn more about Ken McElroy, sign up at: https://www.kenmcelroy.com/premium
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
You've seen the house flipping reality TV shows...
You've read books about real estate investing...
And you KNOW it's the best way to create time and money freedom.
What's great about real estate is you can do it in your spare-time, from home. And, with the right systems in place you can make money while you sleep.
Think about it...
Even if you fix and flip just 1 house this year...
The money you make could pay for college for your kids, a new car, or a dream vacation.
Many people give up on real estate investing after one bad deal, one bad tenant, or one bad flip. If you lost all you had from bad deals, would you still be willing to bet on real estate? Welby Accely has been in that position, and he's here to talk about his journey and coming back stronger in real estate. He lost all he had -- two separate times! -- through dicey real estate deals. He never gave up, though, and now he’s sitting on 50 rental properties and over 70 completed flips.
From losing everything to FBI probes to working with property managers, from working with bad agents to finding the right agents, to finding and developing contractors that work for you and building a real estate team, this episode of the BiggerPockets Real Estate podcast has everything and is sure to inspire.
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
�To read my blog visit yourrealestatewhisperer.com
�To Send Mail: Kristina Smallhorn PO BOX 1271 Prairieville LA 70769 #buyingland #offthegrid #KristinaSmallhorn
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 225-246-1812,Office (225) 412-9982 ext# 149 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.
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.
Join Ken McElroy and co-host Danille this week in a discussion about interest rates, the housing market, and how to get a great deal with your financing. Additionally, Ken answers questions from the Premium members! To get your questions answered and learn more about Ken McElroy, sign up at: https://www.kenmcelroy.com/premium
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
In this video, we discuss how to negotiate with a seller when you are uncertain on value
[00:01:37] Leaving it hanging when you contract the deal [00:04:28] The psychology behind it; The Boomerang Effect [00:08:58] The reactions that you might get from the seller and how to address them [00:10:21] What to do if you are uncertain about a property
[00:11:52] You know why I sell so many freaking deals? It’s because I'm so good with people. I'm so good with my buyers. I shop for them essentially, I negotiate the deal but then I go and say: “Hey what do you want it for? Let me go try to get it for you at that number.”
Which creative real estate financing technique is best (Owner Financing vs Subject To vs Contract for Deed vs Lease Option)? When should you use each technique? How do they compare to each other? The following is an in-depth comparison between the four main creative financing techniques.
John Fedro's channel is a FREE mobile home investing crash-course for anyone looking to become a mobile home investing pro. Learn more secrets, tricks, and behind-the-scenes lessons while flipping, wholesaling, and cash-flowing mobile homes in parks (also, on private land)!
Finding local parks video: https://youtu.be/kmVNrm-0-oI Investing in 55+ parks: https://youtu.be/sOk0feZlg2o ____________________________________________________ �SUBSCRIBE TO MY CHANNEL (You know you want to.) �LIKE & COMMENT THIS VIDEO! ____________________________________________________ �VISIT OUR VIDEO & ARTICLE LIBRARY! Over the past 18+ years I've been documenting whats been working in my business & the 100s of mobile home investors helped nationwide. Learn FREE how other investors are making quick profits flipping/wholesaling or long term cash-flow with mobile homes in parks and on private land. �https://www.mobilehomeinvesting.net ____________________________________________________ �PARTNER WITH JOHN FEDRO 1-ON-1! Do you want access to John Fedro, mobile home investing step-by-step detailed instructions, lessons, recorded phone calls to buyers, sellers, and park manager? How about contracts, scripts, checklists, cheat-sheets, deal analysis software for mobile homes you find? Hard work is required!! Find out more if this is right fit for you at the link below. �https://www.mobilehomeinvesting.net/next-step/ _____________________________________________________ �����JOIN OUR FACEBOOK COMMUNITY (MEMBERS ONLY) �https://www.facebook.com/groups/mobilehomeinvestors _____________________________________________________ �FOLLOW ME ON INSTAGRAM @john_fedro �https://www.instagram.com/john_fedro ____________________________________________________ �PURCHASE A SHIRT FOR CHARITY �mobilehomeswag.com
Real estate prices and mobile home prices have been on the rise for the past few years. What does this mean to you as a local mobile home investor? In 2021 continue to invest in mobile homes while helping others and generating reliable and safe returns. Watch today's video to find out how to safely continue investing in mobile homes through 2021 and beyond.
�� Questions? Learn more about mobile home investing below. For more FREE mobile home investing info check out our website and YouTube channel found in the links below.
In August 2020 my 4-unit rental caught fire. The process to work with insurance, renovate, and re-rent the units took over 7 months. This short video shares before & after photos and time-lapse photography of demolition work.
MORE DETAILS - For the entire story of the fire, including the insurance claim process, all the numbers (with a spreadsheet), plus lessons learned check out the full podcast and written companion article at https://www.coachcarson.com/rental-property-fire/
John Fedro's channel is a FREE mobile home investing crash-course for anyone looking to become a mobile home investing pro. Learn more secrets, tricks, and behind-the-scenes lessons while flipping, wholesaling, and cash-flowing mobile homes in parks (also, on private land)!
____________________________________________________ �SUBSCRIBE TO MY CHANNEL (You know you want to.) �LIKE & COMMENT THIS VIDEO! ____________________________________________________ �VISIT OUR VIDEO & ARTICLE LIBRARY! Over the past 10+ years I've been documenting whats been working in my business & the 100s of mobile home investors helped nationwide. Learn FREE how other investors are making quick profits flipping/wholesaling or long term cash-flow with mobile homes in parks and on private land. �https://www.mobilehomeinvesting.net ____________________________________________________ �PARTNER WITH JOHN FEDRO 1-ON-1! Do you want access to John Fedro, mobile home investing step-by-step detailed instructions, lessons, recorded phone calls to buyers, sellers, and park manager? How about contracts, scripts, checklists, cheat-sheets, deal analysis software for mobile homes you find? Hard work is required!! Find out more if this is right fit for you at the link below. �https://www.mobilehomeinvesting.net/next-step/ _____________________________________________________ �����JOIN OUR FACEBOOK COMMUNITY (MEMBERS ONLY) �https://www.facebook.com/groups/mobilehomeinvestors _____________________________________________________ �FOLLOW ME ON INSTAGRAM @john_fedro �https://www.instagram.com/john_fedro ____________________________________________________ �PURCHASE A SHIRT FOR CHARITY �mobilehomeswag.com
#mobilehomeflipping #cashflow #mobilehomeformula
James is amazing! He busts his butt more than most people I know. He knows his stuff and doesn't make excuses since I've known him. I'm very glad to call James a friend.
In today's video John talks with active Mobile Home Deal Maker Formula member James about mobile home investing deals in private mobile home parks. In these types of deals James buys and sells each mobile home for $300+ cashflow monthly. This cashflow starts to add up to serious income after 5,10, 30 or more mobile homes in your portfolio. Watch today as we reveal secrets about mobile homes, investing terms, repairs, handymen, park owners, overcoming hurdles and more. Special thanks to James for today's video!
�� Questions? Of course you do! Learn more about mobile home investing below. For more FREE mobile home investing info check out our website and YouTube channel found in the links below.
Real estate has many advantages, but it’s not without its drawbacks.
One of the biggest drawbacks is that it’s not very liquid. Converting your real estate into cold, hard cash is neither fast nor easy.
But does it have to take months to sell a property? What would it take to sell your property in under a week?
Below are seven ways to sell your property in seven days or less. Some of them do require advance planning, and by “sell,” we mean getting your property under contract with a buyer. Getting to the settlement table quickly has its own separate set of challenges, many of which rely on the buyer more than the seller.
Ready to shift into warp speed to sell your property?
1. Plan and Prepare for the “Overnight Success” Sale sell fast curb appeal
Overnight successes happen for one of two reasons: endless preparation and planning or sheer dumb luck. Sometimes both.
Want your property to reel in offers within a few days of listing? Like the Boy Scouts (and Scar) say, “Be prepared.”
If you have the luxury of time to plan, you can position your property far better before putting your property on the market and scoring a quick sale. Here are a few ideas:
- What’s ugly or significantly out of date at your property? Beautify it. - How is the curb appeal? Spruce up the landscaping. Add a few potted plants beside the entryway. Repaint or refinish the front door to make it positively gleam and stand out. - Clean the interior like your wallet depends on it—because it does. If you dropped a piece of pizza on the floor, would you think twice about picking it up and continuing to eat it? If the answer is “yes,” the property isn’t clean enough. - Take photos during the best time of year (usually summer), and the best time of day. Use the best camera you can beg, borrow, or steal. Take photos of every room from every angle, every corner, from low-angle and eye-level. - - Do not use your phone’s camera, hard stop. - Consider hiring a professional real estate photographer. Or an outstanding Realtor (more on that later). - If you live in the property, clean out as many of your belongings as possible. The less there is in any given room, the larger the room looks, and the more “room” there is for buyers to envision their own belongings.
Selling a property quickly and for top dollar is not an “overnight success” phenomenon—it only looks like one. You want to position your property to stand out from other listings.
2. Cultivate Multiple Offers To sell quickly, you want to create urgency. To sell for the highest price, you want to create competition.
Both of these are achieved once you receive more than one offer.
One option is to mention your desire for a quick sale in the listing. The classic catchphrases are “priced to sell” and “motivated seller,” which you can consider. You could get more creative and imply that the property is already priced very competitively: “Priced with a $50,000 discount to sell quickly.” Or you can make an outright discount offer: “Will offer a $10,000 discount to buyers who can settle by ______.”
You’ll probably catch a lowball offer or two. Don’t reject them out of hand; they are valuable leverage! You can tell everyone who expresses interest in the property “We’ve had several offers—what can you do to make your offer more attractive?”
Sure, some of those lowball offers may not come from serious buyers. The important point is that they let you create a bidding war among the more serious buyers (or at least the appearance of one).
Urgency and competition—those lowball offers help you build both among more serious prospects.
3. Offer Seller Financing, a Seller-Held Second, or a Seller Concession
Don’t need the proceeds right away? Consider offering seller financing. You get monthly income, you get to charge fees upfront, and you get interest.
Most of all, you attract more attention to score more offers! And we just reviewed how more offers can mean a faster, higher sale.
If the property is owned free and clear, you could offer the bulk of the financing and have the first lien position. Alternatively, you could offer a seller-held second mortgage to cover some of the buyer’s down payment.
Obviously, you need to be careful about who you lend to; not everyone is good for their debt. But if your goal is to sell quickly, this offer will help attract fast offers.
If you don’t like the idea of offering financing, you can offer a seller concession to cover the buyer’s closing costs: “Seller will pay for the buyer’s closing costs up to $_____, if settlement occurs before ______.”
Join us to find out how COVID has caused many homeowners to lose income and become delinquent on their mortgages, presenting an opportunity for real estate investors to help out and make a tidy profit! As you may know, COVID-19 has caused a shutdown of the economy that has put businesses out of business, and resulted in massive layoffs across the country. As a result, many homeowners are unable to pay their mortgages, leading to millions of defaults and loan "deferments".
Sign up for Bill's 1-Day Workshop here, Use coupon code "SUB2" for 50% until Wednesday: https://kriz1204--bcg.thrivecart.com/sub2-workshop/ At some point, the homeowners will have to make up a substantial backlog of payments, and many won't be able to do so. We will then see a rash of foreclosures like we haven't seen since 2018. Join us at 7:30pm EST to learn all about how you can help these people, because these conditions also present an opportunity for real estate investors who know how to buy homes from people in these troubled situations, helping them avoid foreclosure and also allowing investors to make a profit. The main strategy investors need to know is called buying "subject to" the existing mortgage.
Join Me for a FREE webinar on October 22nd at 8pm est. www.MaxandNas.com I talk about how to start wholesaling with only $1000. I also talk about why you don't really need any money to start wholesaling.
In this episode, we're talking with David Richter of Simple CFO Solutions. David's company provides fractional CFO services for real estate investors nationwide. He has A LOT to bring to the table for us real estate investors, and we’re honored to have him on the show today!
Table of Contents 0:00 - Intro 1:01 - How Land Flippers Create Win-Win-Win Scenarios 2:26 - Step 1: Market Research 5:01 - Step 2: Direct Mail Marketing for Motivated Sellers 7:35 - Step 3: Lead Processing 8:14 - Step 4: Due Diligence 10:35 - Step 5: Closing the Acquisition 13:22 - Step 6: List, Promote and Sell the Property 16:23 - Seller Financing (Optional) 20:27 - Learn more at https://landinvesting.retipster.club
If you’ve ever wondered what the typical “lifecycle” looks like for a raw land deal, I spent some time putting together a detailed framework for all the aspiring land flippers out there, in an effort to make it abundantly clear how the process works.
Of course, this is just one model that can be followed. This is the way I do it, but not every land investor goes through these exact motions (though from what I’ve seen, most of us follow a pretty similar set of steps). As I’ve been working in this business over the past decade, this is the most systematic and sustainable way I’ve been able to nail down so far.
Some of these audiobooks were so good, I've found myself listening to them again and again, just because they delivered such a rich, enjoyable experience. Curious to know what they are? I'll list them out for you in this blog post.
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