Here are the answers to some of your biggest real estate investing questions I've been getting from you. Today we'll be going over 11 questions of the day to make sure you don't make some of the mistakes I did coming up. These questions will help if you're new to real estate so you know how to handle certain situations, and if you're seasoned because it's good to be reminded from time to time. We've taken your comments and created the top questions in real estate investing.
00:00- Intro 1:44 - #1 When you're negotiating a Subject TO deal with your seller, it's best to ___________________! 4:30 - #2 If you're hiring a new contractor to do work for you for the first time that you don't know, you should ________________ 6:09 - #3 When you sell a house using Seller Financing, the deed ________________________________? 8:20 - #4 When selling a house on Lease Option, the lease portion of the contract grants the new tenant buyer which right? 10:24 - When we're buying a house "SUBJECT TO", the seller ___________________________________ 11:15 - #6 When selling on a Lease Option, the biggest determining factor when selecting a Tenant Buyer is _________________________ 13:26 - #7 When a seller is ready to do business with us and sell us their house, there are certain words we NEVER use with home owners. How do we ask them to sign our purchase and sales agreement? 15:19 - #8 When wholesaling houses, what's the most important thing to get from your end Cash Buyer? 17:15 - #9 When you borrow Hard Money to flip a house, the Lender's main concern is generally 18:51 - #10 When we get a house under contract and will be wholesaling it to an end buyer, we collect our check by __________________________ 20:50 - #11 When buying a house at the foreclosure auction at the courthouse, what name do we make our Certified funds check payable to for the Earnest Money Down Payment? Foreclosure video here: https://youtu.be/mq1azEELld0 22:46 - #12 When negotiating w/ a home owner in Pre-Foreclosure, we mainly want them to know___________________________________
Learn more about Ken McElroy, real estate investing, and the economy at www.KenMcElroy.com.
⏰ Timestamps ⏰: 00:00 Introduction 00:46 Types of economic recoveries 05:10 Definition of a recession 07:10 U.S. boom & bust 09:33 Bifurcation of a recovery 16:32 Economic growth projections 19:54 The human factor
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.
Find out what Airbnb occupancy rate to expect in 2021. Together with the Airbnb daily rate, this is one of the most important metrics for short-term rentals.
In fact, according to the real estate site Redfin, Tampa and Orlando were both in the top five places people moved to in 2020, but Tampa had about 31% less homes for sale and Orlando, 16%. Also in the top five, Phoenix, Dallas, and Austin. The pandemic has been a big contributing factor.
The verbiage prefab and modular home are interchangeable in many instances but on many websites, they are sneaky with how they use the difference of these two descriptions. With the rising costs of traditionally built homes, many people are turning to alternative housing solutions like modular homes and prefab homes but what the difference between the two, today we will be taking a deep dive into the verbiage that many websites use to lure you into investing in their pre-fab home companies and how many people never even get that product they pay for. � the Costly Differences of Manufactured and Modular Homes, https://youtu.be/L-P4HdT9ypQ � If you’d like some more videos on affordable housing: https://www.youtube.com/playlist?list=PLL2NpJzFd3bsMaKD2r5SSDmdurZoh-t6f � Boxabl Homes: https://youtu.be/PW_s5iz947E
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 #prefabhome #modularHome #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.
Have you wondered just how much us real estate investors are spending when we buy a house and do a full renovation fixing up the property to flip and resell it? Well it's a skill that me and my friend Dan Borrero have developed over the years and we want to share it with you as well. At 7pm EST today Dan and I will go over our system for estimating repairs quickly so we can make our best offer on a property. This is a skill you must learn so your offers aren't too high or too low when presenting to sellers. Dan has been crunching numbers on construction & flipping houses since 1989 so I asked him to share how things have changed over time. After this training you too can go out and make educated offers based on the true numbers of what the building materials and labor costs are. \
S Corp? C Corp? LLC? Which business structure is right for you when managing your real estate investments? Sit down with Ken McElroy and fellow Rich Dad Advisor, Garrett Sutton, as they discuss the pros and cons of various real estate business structures to maximize your legal and tax protection.
Stay in the loop with today's real estate news! Sign up for Ken McElroy's newsletter by following this link: https://www.kenmcelroy.com/news
Learn more about Ken McElroy, real estate investing and the economy at www.KenMcElroy.com.
⏰ Timestamps ⏰: 0:00 Introduction 2:01 The various real estate business structures 6:22 Choosing one state over another 9:16 Differences in taxes by structure 11:04 Choosing the right attorney 12:50 Using an LLC taxed as an S Corp
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.
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 �http://www.mobilehomeswag.com
#triplewide #mobilehometour #mobilehomeformula
In this video John walks through an extremely rare mobile home triple wide. This is not just any mobile home triple wide, this home consists of three single wide mobile homes push next to each other and joined together. This is an amazing triple wide mobile home that you may likely never see again in your entire mobile home investing career.
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.
Is there a 2021 housing bubble? And is it about to crash? It seems possible because competition from homebuyers is more fierce than ever, and prices seem to be rising and rising. Unfortunately, predicting how or when a crash will happen is foolish. Warren Buffett often says the only value of market forecasters is to make fortune-tellers look good. But there are more useful preparations you can make as a real estate investor. That's what you'll learn in this video.
TIMESTAMPS: 0:00 - Predictions are foolish 1:02 - Wise words from 3 successful investors 2:47 - The importance of being prepared 3:40 - Playing defense, then offense 4:29 - Defensive tip #1 - culling the bad properties 5:40 - Defensive tip #2 - eliminate bad financing 7:00 - Defensive tip #3 - saving cash reserves 8:10 - Offensive tip #1 - dollar-cost averaging into real estate 13:39 - Offensive tip #2 - find good locations with good terms 17:26 - Summary
In this video, I want to discuss the dreaded due on sale clause that everyone seems to get hung up on. � FREE 45-minute consultation https://aba.link/45minSession
Are you worried your lender is going to accelerate your loan because you moved it into an LLC?
What I want to do with this video is give you peace of mind that this is very unlikely to happen from actual guidelines and requirements.
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.
Discover why NOW is the best time to flip houses in the past 40 years! Three main indicators prove that house flipping conditions are as good as they have ever been in your life time. (1) Inventory levels are at all time lows. For as long as inventory records have been kept, the levels have never been lower than they are right now. (2) Consumer confidence is at an all time high. Fannie Mae's Home Purchase Sentiment Index just hit an all time high too. Regardless of what you personally think, the general public at large feels more confident in the economy than they ever have. (3) Interest rates remain insanely low but the Feds have been slowly raising them and continue to indicate that they will further raise them. That is pushing people off the fence to make a buying decision before rates go up. (4) Although not as powerful as the first 3, a bonus 4th indicator is that seasonally, we are about to enter summer time. And more housing transactions occur in summer than at any other season of the year. Combined, this has created the greatest conditions for flipping houses in the past 40 years. So now is the time to get into this game and to be doing deals!
Lennar Corp. builds these Next Gen homes that feature an attached, separate suite with its own kitchen, living room and bedroom. A door between the suite and the main home connect family members while offering privacy.
Newbie real estate investors often ask how to flip houses with no money. And to them, it might feel like a stupid question: There’s no way you can get started flipping houses without at least a little money of your own… right?
True—to a degree. Investing in real estate is easier with money. But you can indeed flip houses with no money. It’s not even as hard as you might think—even if you’re a new investor. You just need a little bit of hutzpah, the courage to escape your comfort zone, and an understanding of how to start.
How to Flip Houses With No Money Down Flipping houses without funding projects yourself involves using other people's money (also called "OPM") to fully finance your deals. A lender extends a loan to you to purchase and rehab the property, and you repay them the initial loan amount plus interest.
However, traditional banks and lenders rarely extend a loan covering both the property and rehab. So where do you find OPM for flipping homes?
1. Real estate investor partners One of the simplest ways to start investing with no money is to find a partner with money. Think about close friends, business associates, co-workers, relatives, business owners, or even another real estate investor or rental property owner.
If you can’t think of anyone off the top of your head, then start thinking about the people you see on a regular basis. This may include:
Anyone in your network with a successful business Your doctor or your dentist Your attorney Anyone who invests in the stock market Ideally, you ask the partner for the money to finance the deal and you to do all the legwork. In this simple arrangement, the two of you will split the profits 50-50. Your partner reaps the financial rewards of the deal by chipping in the money but not the time.
When you first enter the house flipping business, it may be tempting to create a formal partnership right away. We recommend holding off for now. Many real estate investment partnerships succeed wildly, but just as many go down in flames. As an amateur home flipper or new investor, remain independent until you have a business plan and the flipping know-how needed to attract a solid partner.
PRO TIP: Real estate investors of any sort can make great partners, but investors already flipping homes will likely be even better. A veteran home flipper brings both money and experience to the table.
To attract an experienced investor, figure out first what value you add to the deal. Maybe you have the deal-finding know-how or a long list of contacts. Utilize all your skills and exhaust all your options.
� David shows off how we renovate our apartments to maximize profits and how an apartment renovation can really change a space. He shows all budget and a before and after walkthrough so you can really see the difference and where that money is going. Our apartment remodels allow us to get big returns for our investors as well as lease units for top dollar in our markets.
❓ If you would like to have Matt answer your questions send us an email at helpme@derosagroup.com. If you come on Mentorship Monday you get 1 month FREE of Derosa Insiders.
� Grab Your Copy of "Raising Private Capital" Available now on Amazon https://amzn.to/2LkYEi7
As always, please email us any real estate questions to HelpMe@DeRosaGroup.com and we will answer them on an upcoming episode!
Redfin CEO Glenn Kelman joins 'Power Lunch' to discuss trends he's seeing in the housing market and how the dearth of homes for sale is affecting Redfin.
Full disclaimer, like other real estate investors, I have no crystal ball. I can’t entirely agree that the sky is falling, but many feel Chicken Little’s sentiment due to the insane events we have lived through for the past year.
Yet now is one of the most exciting times in history to be in real estate.
While many are running around screaming, “The sky is falling,” you can be positioning yourself to make your first or next million through real estate. My purchasing has not slowed down in the past six months, and my only regret is that I wasn’t scooping up deals in April 2020 during the initial lockdown.
COVID-19 has rocked the world. While we have witnessed illnesses, deaths, and thousands of business closures, we have not seen an extreme shift in the booming real estate market other than the six weeks of decline for April thru May 2020.
So how do the next 18 months look based on the facts?
Inflation Ahead $3 trillion in printed money in 2020 equals inflation.
Never in history have we come close to the massive amounts of money being printed in 2020. While it has served to keep people afloat during the shutdown, there is no way it cannot have a massive effect on the economy.
With the amount of money printed, the dollar is becoming less and less valuable. The explanation is simple: “By printing extra notes, a government increases the total amount of money in circulation. If that amount does not follow an increase in production, there is more money to spend on the same amount of goods and services as before. Everything costs more; thus, our money is worth less,” explains PocketSense.
There is no way the government will quickly balance this debt, which means inflation will continue to rise. As the vaccine is only starting to get out to people, the dragging economy could continue for at least six to 12 more months. Many experts predict the economic slump may drag on for years.
� David shows off how we renovate our apartments to maximize profits and how an apartment renovation can really change a space. He shows all budget and a before and after walkthrough so you can really see the difference and where that money is going. Our apartment remodels allow us to get big returns for our investors as well as lease units for top dollar in our markets.
❓ If you would like to have Matt answer your questions send us an email at helpme@derosagroup.com. If you come on Mentorship Monday you get 1 month FREE of Derosa Insiders.
� Grab Your Copy of "Raising Private Capital" Available now on Amazon https://amzn.to/2LkYEi7
As always, please email us any real estate questions to HelpMe@DeRosaGroup.com and we will answer them on an upcoming episode!
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