Join us tonite to go over the answer to the Question of the day.
After you have your purchase agreement signed by the seller and you plan to wholesale the property, what is the first thing you should do? (Question submitted by Channel member Chris Burch-Washington DC)
How can you eliminate your debt and get your real estate investing journey started? Join Ken McElroy and Marko Zlatic of Whiteboard Finance as they discuss ways to tighten your budget, focus on personal finance, and start investing in real estate properties in 2021. Learn more at: https://www.kenmcelroy.com/news
The conversation continues on Premium! Learn about Marko's favorite investing apps and how to get your budget together TODAY at: https://kenmcelroy.com/premium/
Learn more about Ken McElroy, real estate investing and the economy at www.KenMcElroy.com.
⏰ Timestamps ⏰: 0:00 Introduction 0:31 How to get rid of debt 4:50 Good debt versus bad debt 10:28 Balancing your budget & spending on leisure 12:29 The best living situations for you 14:51 Mapping our your budget & disciplining yourself 16:28 The best apps to manage your budget
Be sure to click the bell to be notified as soon as the next informational video is posted!
• ABOUT KEN: 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 BIG HOUSING CRASH LIE! Who is lying about the housing crash? Many homebuyers #1 question asked of realtors “When will the housing market crash” What they say in public is one thing and what is said in private Facebook groups is another. So lets looks at the market currently, what is causing the surge and what signs you need to look for as indications that the market is about to tumble. Because ALL of us are just making educated guesses, Some take the data and say there will be no crash, others are just trying to get you to click on their videos. ⚫️ Watch To What The Aren’t Telling you About The 2021 Housing Crash:https://youtu.be/UJWTvPvSPhE ➡️ Javier Vidanas view is on the housing crash: https://youtu.be/uz0wtL-VW1E �More Information On The 2021 Housing Crash: https://www.youtube.com/playlist?list=PLL2NpJzFd3buKFAIhnF78VbYnoxWxn1Aa
�Please Feel Free To Drop Me A Email At Info@KristinaSmallhorn.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 #Housingcrisis #home #KristinaSmallhorn �To read my blog visit yourrealestatewhisperer.com Join this channel to get access to perks: https://www.youtube.com/channel/UCH0LUzFvtwb5B8EfVCF5uwg/join 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 #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.
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)!
0:00 How Patricia started? 5:05 Cash needed to get started? 6:24 Patricia's 1st deal 9:14 How long until your 1st deal? 12:06 Patricia's 2nd deal 14:24 Handyman trouble 19:14 Handyman advice 21:39 Buying from park managers 33:04 Patricia's goals 34:44 How much free time is needed? ____________________________________________________ �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
#renttoown #parkinvesting #wholesalingmobilehomes
Patricia is amazing! She busts her butt more than most people I know. She knows her stuff and doesn't make excuses since I've known her. I'm very glad to call Patricia a friend.
In today's video John talks with active Mobile Home Formula member Patricia about mobile home investing deals in private mobile home parks. In these types of deals Patricia buys and sells many mobile home for $300+ cashflow monthly. Then wholesales the rest!
This cashflow starts to add up to serious income after 5,10, 30 or more mobile homes in your portfolio. Patricia has even purchased her first entire mobile home park!
Watch today as we reveal secrets about mobile homes, investing terms, repairs, handymen, park owners, overcoming hurdles and more. Special thanks to Patricia 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.
Saira Malik, chief investment officer for Nuveen, Seth Carpenter, chief economist at UBS, Douglas Holtz-Eakin, American Action Forum president, and Austan Goolsbee, University of Chicago Booth School of Business professor, join "Squawk Box" to react to the latest jobs numbers.
Estimating rental property expenses is key for determining if an investment property will turn a profit. Read here to learn about the best tool to use.
Real estate investing works differently for different people. Some people like to gradually buy small properties, then start looking for larger deals, and then go into commercial financing for big deals. Tommy Polise always knew he wanted to buy real estate and had spent five years analyzing markets and educating himself, but never bought any properties. In 2019, that changed.
Tommy had been looking into single family homes but found that he’d only be walking away with a small amount of pure cash flow each month. While he now feels that single family homes are a great investment, at the time, he didn’t think the cash flow was worth the effort. So he and a partner went in on a multifamily deal together. It worked out well and he gained some experience and connections, so he decided to go bigger and better.
Now, two years later, Tommy and his partners are sitting on 30 units. This includes single family homes, multifamily properties, and a land deal that includes 10 mobile home lots, 8 storage units, 3 single family homes, and a 5 unit apartment complex. He even has a laundromat with a residential property attached to it as well!
So how does a real estate rookie like Tommy go from 0 units to 30 units in the span of 2 years? Tommy says you need to develop good relationships, get great partners, understand your financing, and continuously take risks!
If you are a home buyer right now you have most likely been outbid by numerous cash home buyers causing home prices to skyrocket, even more, month after month. When is the insanity going to stop? When will these prices level off? Will higher interest rates affect home prices any time soon? Today we speak to Ellen Pitts a realtor in N. Carolina and discuss what is happening in her market and how she's winning against the cash-heavy home buyers. � What Will Happen To The Housing Market In 2021: https://www.youtube.com/playlist?list=PLL2NpJzFd3btHf7p49wQ9z6weyiGb1bc ⚫️To Watch Past Streams About The Housing Market: https://www.youtube.com/watch?v=9Z6LMmJdZRw&list=PLL2NpJzFd3btHf7p49wQ9z6weyiGb1bcj �Should YOU Buy A House In The 2021 Housing Market? https://youtu.be/5LgEMorRKLg To subscribe to Living In Montana https://bit.ly/2Zsgvv0
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.
Being a real estate investor doesn’t always require you to go to a bank, get pre-qualified and call an agent. Sometimes that conventional path flat out doesn’t work for the property… or the investor.
Under these scenarios, which are more common than you might think, people get stopped thinking they have a credit problem or a money problem.
When in reality… they merely have an “idea” problem.
Enter creative, outside-the-box ideas of financing, and one of the more popular and profitable creative ideas is known as “subject to.”
I, and countless other creative real estate investors, have built small… and big… cash-flowing portfolios using this strategy. It’s a powerful tool in your investing toolbox.
But, unless we change the way we go about it... the “subject to” strategy is dead.
��� Get 4 FREE stocks from Webull when you open an account using this link � http://4FreeStocks.com
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��� Diversify your portfolio with a small investment in the future, cryptocurrency by using what I personally use � http://bit.ly/EpicCrypto
My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you're ready, here are some ways I can help...
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this https://youtu.be/JQPTe2XzDVM
✅ for us to take on all of the heavy-lifting and build your cash flowing income property portfolio for you, go to http://CashFlowSavvy.com
✅ to find off-market real estate deals and do it yourself, here's our most valuable tool in doing so http://bit.ly/OffMarketRealEstate
QUESTIONS ABOUT EPIC PRODUCTS AND SERVICES, CONTACT SUPPORT support@epicinvested.com.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Matt Theriault is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicles.
Buying investment properties in the hot housing market of 2021 isn't easy! But there are still strategies that work to find deals and make money. In this video, you'll learn 3 specific approaches that work for Coach Carson and that you can use to become more competitive as a real estate investor in your market.
TIMESTAMPS: 0:00 - 3 Strategies that work in hot markets 1:35 - Find favorable financing 6:57 - Buy properties from lazy landlords! 9:28 - 4 ways to find off-market sellers 10:13 - Driving for dollars 12:10 - Expired listings from your agents 13:25 - Eviction landlords 14:19 - Find people behind on payments 16:00 - Successful investors adapt instead of predict and worry! __________
Let's discuss selling a property on a installment sale how to structure this deal. � If you would like a FREE 45-minute consultation, you can request one here �� https://aba.link/45minSession
You've got a piece of property and you want to sell it to a tenant or a buyer on a installment sale. How do you structure this? Take notes and watch this video to prevent yourself from getting hammered with taxes from installment sales.
Ready To Protect Your Assets From Frivolous Lawsuits and Take Your Business To The Next Level?
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.
In this episode, we’ve got a unique opportunity to chat with a well-known real estate attorney named Clint Coons.
Clint is one of the founding partners of Anderson Law Group. He has grown this legal and tax firm to hundreds of employees by assisting real estate investors in creating and implementing solid entity structuring plans.
Clint is also an active investor and content creator. He’s got a YouTube channel with a very respectable following and he is a unique person to follow in the real estate space because he can speak about a lot of legal issues without giving the usual disclaimer of “I’m not an attorney”, because he is an attorney!
In this interview, we’re going to grill Clint on a lot of the most common questions we hear again and again from other real estate investors. Some of these questions pertain to the land investing audience and some of them apply to any type of real estate investor.
I should also emphasize that in this conversation, we’re obviously going to talk about a lot of things that revolve around legal and tax issues, and you shouldn’t take any of this as legal advice. I’m not an attorney, Jaren isn’t an attorney, and even though Clint is an attorney, he’s not your attorney… so always, do your own research and talk with your own attorney before you act on anything we’re about to discuss here.
Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they’re selling in less than three weeks. If you’re ready to make a move, contact a local real estate professional today so you can sell your house while the market is in your favor.
I bought my first rental property in 2004 with no money down (yes, it does happen in real life!). But now, 17 years later I decided to analyze whether it was ACTUALLY a good deal. In this video, you'll go behind the scenes from beginning to end as I show you the story of how I found, financed, and rented this property. You'll also see detailed spreadsheets with real numbers so that you can learn how much cash flow my rental property actually produced (or in some years how much it lost!).
Be sure to subscribe for more videos like this coming soon!
TIMESTAMPS: 0:00 - What my 1st rental property was like 1:02 - My estimates on what the rental could produce 8:44 - The reality of what the rental produced since 2004 13:39 - What's my return on investment if I sold? 18:41 - Rent projections are over the next 10 years 22:14 - The spreadsheet you need if you decide to sell 25:22 - Closing thoughts
I just got approved for the SBA PPP (Paycheck Protection Program) forgivable loan, find out how I did it. When a looked in my business checking account, there was a large deposit and I want the same for you. The US government established the CARES act that's designed to help businesses during this covid 19 pandemic. You can get these loans even if you don't have any employee or are self employed. A lot of people simply don't know about this money or where to go to apply so I want to make 100% sure that my people take advantage of what our Government has to offer. People like me sometimes don't get this inside information because of the relationships we have or our network of friends don't have these conversations. So watch and see how I did it to see if you qualify and how much you could qualify for.
00:00- Intro 3:19 - My application process and what documents I had to turn in 6:14 - Download Attorney Jessica Segal's Operating agreement: https://youtu.be/QNqaol3BGvw 7:55 - How much I was approved for and my loan terms, interest rate, repayment plan, 10:30 - Where do you apply for a sba PPP loan 11:10 - Can the SBA PPP loan be forgiving
Trust by the American public is in short supply these days. Distrust in the government, Wall Street, and tech and media elites is at all-time highs—and it’s easy to see why the ordinary citizen feels like nobody has their back. The elites, it seems, only want to protect each other.
This distrust hit a fever pitch last week when popular online broker and Silicon Valley startup Robinhood limited trading of Gamestop (GME) stock. This was an unprecedented move.
What’s going on with Robinhood? So why did Robinhood limit Gamestop trading? To understand all this, you have to go back to the beginning of this entire episode: WallStreetBets, a popular subreddit of with 2.1 million renegade day traders. Members of the subreddit are often young retail traders. They use Robinhood—a popular day-trading app—and typically ignore fundamental investment practices.
Tired of what they considered hedge fund manipulation of stock prices through short sale activity, the members of WallStreetBets decided to strike back. Their target: Hedge funds, who have long bet on companies they view “in decline” by shorting their stock.
What is shorting? Shorting a stock is essentially selling borrowed stock at current prices with the anticipation of a price drop and then paying back the borrowed stock at the lower price. When the market sees massive shorting activity, it considers this a sign of decline. It drives down prices and, in a way, fulfills the hedge fund’s prophecy.
This practice runs into a major problem if the price goes up, not down. This causes a short squeeze: Legally, the hedge fund must return the borrowed stock but now at a higher price—resulting in losses.
One of the most common practices in real estate is for a landlord to require a new tenant to provide a sum of money when they first move into an apartment and initiate a new lease.
This sum of money is most commonly structured in the form of a security deposit, which is where a tenant pays a predetermined sum of money to a landlord, who will then hold onto that money until the end of the renter’s tenancy.
Now an alternative to a security deposit is something called a “move-in” fee… and if you ask me, I believe move-in fees are a far superior way to structure this initial sum of money that tenants commonly pay to landlords, at the start of a new lease.
There are several reasons for this.
First, a security deposit is money that has to be held in escrow - it’s essentially the tenant's money unless there are damages in place once they move out.
For me, it’s super annoying to have money sitting in an account I can’t touch.
It’s much more logistical to charge them a lower move-in fee that’s nonrefundable.
This actually increases the income of the property and is much more practical.
The tenant is happier because their cost upfront is less than what’s common and you’re happier because you can actually spend the money - it’s a win-win all around!
The standard cost to charge for a move-in fee can vary drastically between markets and even landlords within those markets!
To give at least some kind of ballpark though, according to Apartments.com:
A good rule of thumb is that a move-in fee will roughly be 33 - 50% percent of the monthly rent amount…
Now, obviously, in order to make a move-in fee an attractive alternative to a security deposit,
you should find out what the standard charge is for a security deposit in your market, and then make sure that your move-in fee is substantially less than that.
As I understand it, the most common charge for a security deposit is the equivalent of one month’s rent but this can vary widely depending on the market, the individual landlord, and the quality of the tenant.
If a potential tenant is considered, “higher risk” meaning they barely meet the standard income, credit, and/or background check requirements you want to see in an applicant…
Sometimes a landlord may offer the apartment on the condition that the applicant pays a larger security deposit. This way the landlord can offset their risk.
Oh and by the way, just in case you were unaware of what's common practice here, typically the landlord will require the security deposit and first month’s rent (and in some cases even the last month’s rent as well) before they'll provide keys to a tenant.
If you’re charging a move-in fee, you’ll also want to receive payment before you provide keys to a tenant.
Again, the most common amount to charge for a security deposit is equivalent to one month’s rent, but depending on the market and circumstances, some landlords may charge only half that
or on the flip side, they may charge more -I’ve heard about some landlords requiring security deposits as large as 3 months' worth of rent!
It all ultimately depends on the individual landlord, tenant, and market.
One last thought on this before we move on: a lot of states have a legal limit on the amount a landlord can charge for both a security deposit and a move-in fee.
So, you will definitely want to do some research to figure out what the rules and customs are for your area.
Once you find out what’s standard for security deposits in your market, all you have to do is make sure your move-in fee is significantly lower, and boom - you’re in the game!
Remember a good rule of thumb for this is to charge somewhere between 33 - 50% of the monthly rent amount.
What does real estate investing look like on a global scale outside of the United States? Join Ken McElroy and Andrew Henderson of the Nomad Capitalist as they discuss worldwide real estate investing and the benefits of investing in properties outside of the US. Stay up to date and join Ken McElroy's newsletter: https://www.kenmcelroy.com/news
The conversation continues on PREMIUM! Sign up now for bonus podcast episodes, in-depth courses, and more: https://kenmcelroy.com/premium/
Learn more about Ken McElroy, real estate investing and the economy at www.KenMcElroy.com.
⏰ Timestamps ⏰: 0:00 Introduction 1:35 The benefits of real estate investing overseas 3:41 The best global markets for real estate 5:15 Getting started in different markets 11:47 Can the government take your land? 14:43 The conversation continues on premium!
Be sure to click the bell to be notified as soon as the next informational video is posted!
• ABOUT KEN: 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 probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy’s voice. He’s here today with his partner Cesar Pina, to talk real estate, seminars, and business.
DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club.
After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar.
Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, he owns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month.
Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom.
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