Know Your Numbers Verify your numbers on your next Flip, Rental, or wholesale deal, using our easy to use Rehab, Rental & Amortization Calculators. Flip Calculator Run the numbers on your next flip or wholesale deal with our cFlip Calculator and get an accurate and detailed breakdown includ
Episode #145 - New real estate investor Scott Palmer returns for Coaching Call #2 with Chad. Listen behind the scenes as they discuss his first offer (a rejection!), his preapproval for financing, a HELOC loan,
Today we're going to talk about financial freedom and how you can achieve it! Most of you know that I have been doing real estate for the last 13 years, so the key thing to remember going into this video is that financial freedom comes through real estate.
I am Justin Colby, your host, and today we are going to talk about financial freedom and how you can achieve it. Now, most everyone knows I am in real estate and I've been focusing on real estate for 13 years. So the first key that you'll have to know going into this video is financial freedom comes through real estate. Yes, you might be playing the stock market, you might be doing crypto, and you may be dabbling within real estate. But if you have any level of desire to have financial freedom in your life for the rest of your life and set your family up, right, you need to be doing it through real estate. And that's what this video is about. Now, I have a huge announcement that I want to wait till the end of this video to announce for you guys. This is something that will be engaging for you guys so that you can start to partake in building wealth and building financial freedom. The announcement is epic. It has been a long time in the making. So wait till the end and I'll make sure I get you this announcement.
Now the big announcement that I was going to wait to the end I just can't help myself right now is that A buddy of mine, Kris Krohn, he's an absolute animal. He's been doing real estate for 16 years and bought over a billion dollars worth of rentals in his career. And I, Kris and I have partnered on how to help you get into the wealth building game. That is the big announcement. And if you want to learn more about Kris krohn, and what this is all about, make sure you dive in the comments The link will be right there right in the comments, so that you can learn more about Kris krohn, myself, obviously, in how we can all work together to get you more rental properties. But that being said, it is important to know that you do have money and resources somewhere it is important to know that even if you don't you have friends and family that do so here's the key on how to leverage other people. You leverage someone like myself or someone like Kris Krohn or other experts in the arena to find good deals, leverage their resources to get you a good property. Now most people leverage realtors, they work with a realtor to find them a property on the MLS and that's how they go about it. Well, the challenge we have right now is there's no homes on the MLS. So people who are looking to buy more rentals, people interested in buying rentals, quite honestly need to start leveraging other people such as myself, such as Kris Krohn again, Kris has bought over a billion dollars of rentals in his 16 year career. And him and I are putting together this partnership links below. Now, if you start to look at your ability to leverage your capital Now, again, like I mentioned, if you're getting a single digit return in the stock market, or maybe you're getting a 1% return in your retirement account, or maybe you're in a CD, this is money, I believe to build wealth you should be putting into residential real estate by leveraging others who know how to do it, who know how to buy, right, who know how to manage the property and know how to really make it a turnkey scenario for you so that you don't really have to think about it. The challenge I hear all the time from my students, I don't know where to find the deal. Even if I didn't know where to find the deal. How do I know it's a good deal? That is the number one challenge that is why Chris and I put this together for you guys so that you can really understand financial freedom so that you one you want can get out of the rat race. Do you see financial freedom is all about you not having to work to get paid.
https://reiclub.com/propstream Finding cash buyers with PropStream is an easy and quick task. This training demo video shows you step by step how this real estate investing software can be used to build your cash buyers list.
Burton Alicando is a Senior Product Specialist with PropStream and on this video he does a quick walk-through to show you how to use this powerful software to locate cash buyers and skip trace the list to get their phone numbers and emails.
You can filter your cash buyers list by location, timeframe, number of properties, type of properties, and so much more.
You have to use data and tech to stay competitive today. Your primary competitors are using this Propstream software app or another tool like it to build their leads and market to their own lists to do more deals.
Take a few minutes to review this PropStream tutorial demo video above on how to create your list of cash buyers.
Alex has spent his career in sales and finance industries and now invests in rental real estate along with working in the underwriting department at a bank in Las Vegas. Alex is an expert in long-distance single family rental real estate, debt and leverage strategy, and financial analysis. He spends most of his free time teaching investors through writing and coaching to ensure their best possibility of success. Alex has been buying real estate for nearly three years and currently owns eight single family houses. He also helped fellow investors directly purchase over 20 properties in 2018. Alex’s writing can be found at BrokeIsAChoice.com, and more of his story can be heard on the BiggerPockets Podcast episode 301.
What's likely to come in 2021 as we slowly return to some sense of normalcy? The time it takes to repair COVID's collateral damage remains to be seen, but here are some best guesses for the real estate realm.
https://reiclub.com/dealmachine This episode is about driving for dollars with Deal Machine. Our expert is Matt Kamp, VP of Partnerships. Deal Machine is a real estate investing software and technology platform created to allow real estate investors to find property leads, contact owners, and grow and scale their investing business.
If you are a real estate investor wanting to wholesale real estate or just driving around looking for deals, this video has some great step by step tips that can help your real estate wholesaling business, regardless of whether or not you do virtual wholesaling. It's worth reviewing.
Deal Machine also has List Engine so you can search for vacant properties or non-owner occupied properties to add to your motivated sellers list. You can skip trace your list to get the seller's contract information and DealMachine provides you a free CRM to find motivated seller leads and cash buyers lists and manage them.
And whether you use their skip tracing service or not, they have direct mail campaigns so that you can easily send out mailers and postcards to sellers and buyers and schedule for automated follow-up.
4:55 - What’s the hardest thing about working outside the U.S. as a non-U.S. citizen? 12:18 - How did you decide which state to incorporate in? 15:45 - Do you even need to set up a business entity before you get started? 17:22 - Making big decisions without having all the information - “Thinking in Bets” by Annie Duke: https://amzn.to/2ImmJXv 19:26 - What is a Registered Agent and how to find out? (Hint: https://retipster.com/ra) 19:54 - What did it take for you to set up your business bank account in the United States? 20:37 - How did you decide which bank to work with? 21:41 - Online banking services to get set up with a U.S. bank account (without visit a branch in-person) 24:18 - How to get notary signatures outside the U.S. 26:59 - How a Corporate Resolution can help with getting notary signatures (Hint: Here’s a template from Rocket Lawyer: https://retipster.com/corpresolution) 29:30 - How did you get to know your local on-site team member? 32:10 - How do you send and receive mail in the U.S. from another country? 34:10 - Setting up a business reply address with USPS 43:44 - What e-signature service are you using? 44:19 - Who is your “team” exactly and where are they? 46:23 - How often are you on the phone and what are you using for your phone service? 49:37 - What CRM system are you using? 51:36 - How do you handle working in such a different time zone from the U.S.? 54:06 - How did you find your team members in the Philippines? 56:48 - What it’s like hiring someone in the Philippines 58:18 - What are some of your best practices for hiring the right people? 1:01:49 - What has been surprisingly easy about working as an overseas real estate investor in America? 1:04:06 - What has been surprisingly hard about working as an overseas real estate investor in America? 1:04:54 - Do you think it’s worth all the hassle of seeing up a business reply address with USPS? Has your response or acceptance rate actually improved? 1:06:17 - Thinking of creative ways to make it easier for a motivated seller to say “YES!” to your offer. 1:08:52 - What is “supercharged offers”? https://your.superchargedoffers.com 1:15:53 - How to get a hold of Alicia/Matt or their team 1:17:20 - Reach out to Alicia or Matt on the REtipster Facebook Group: https://www.facebook.com/groups/retipster
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