Income Hacker with Ryan G. Wright

A lot of investors are convinced that their state is absolutely terrible for flipping houses, but in this episode, we will putting that myth to rest for good!

Anything you do in life has an element of risk, so learning how to mitigate that risk to the best of your abilities is an extremely valuable skill. In this episode, Ryan will be sharing seven ways you can decrease your risk on fix and flips.

Where do you want to be financially in 10 years? That outcome heavily depends on what goals you set for yourself in year 1 and year 5. 

Given the fluctuations in the housing market, it is time to put together a plan of action that will allow you to stay in the real estate game without sacrificing profit. In this episode, I'll be sharing my 6-month plan for REI for you to follow.

BRRR deals are becoming an increasingly popular investing strategy, and for good reason! Being a mix of fix and rentals, you can generate some major cashflows using this strategy. The real question, though, is how do you determine if a BRRR deal will be profitable long-term?

In this episode we discussed the process of, not only finding foreclosure deals, but closing on them as well. Foreclosure properties can be a great opportunity for fix and flip investors, which is why you'll want to listen in! 

Join us in discussing the realistic goal you should set for yourself in your first year of flipping houses How many deals you should complete in your first year What you need to know going into your first deal The process of flipping houses

Contrary to belief, investing when market conditions are less than favorable doesn't result in an immediate death sentence for your profits. There are numerous smart ways to invest during these tough times. Find out what strategies those are in today's podcast! Finding Tip: Vacant properties The nature of investing The different types of market conditions The best strategies to use depending on market conditions

Talks of a recession have been putting many real estate investors on edge, and for good reason. In this episode, we'll be discussing the different investments strategies you can utilize in the time of a chaotic market. Finding Tip: Auctions What a recession means for real estate The different types of recessions The best investment strategies during a recession

Too many new real estate investors spend time finding a deal, but stop trying to find more once they have one. They then have to start the process all over when they want to move on to the next deal. We'll be discussing how you can build a system for flipping deals repeatedly in this LiveCast! As always, stay to the end for our finding tip of the week and free tool giveaway. Choosing a finding strategy you can commit to weekly Finding properties even after you have a property  Getting a good team to take on some respons

Quit your day job and live on your investments - that's the goal, right? If you do this right, you can make this happen in the next 5-10 years! Today, I'll show you the systematic plan that I use for myself, and teach to my kids, my employees, and anyone who'll listen! In my opinion this is just as important (or maybe more important) than what I teach about fix & flips! Let's dive in! How you actually have 2 jobs Pay yourself first Practical ways to save 10%

I'm going to start with this: not every property that looks good for a fix & flip is also a good opportunity for a BRRR Deal! Today I'll show you how to decide between BRRR and a regular fix & flips based on the rehab required as well as how to complete successful BRRR deals over and over again. The steps to making a BRRR happen The numbers to check before closing a deal The cash flow killers to look out for The keys to a great BRRR deal

Your skill level, personality type, and even your investing area can change what types of real estate investments you go after! I get asked a lot about wholesaling vs fix & flips, so let's dive into today to help you understand which types of deals you should be going after. The pros and cons of wholesale and fix and flips How to decide which strategy is right for you

When evaluating an area for investing, I typically like do research online as well as drive the area. With new technology, it's becoming more feasible to evaluate areas remotely! Let's talk today about how to find the best places to invest—even if it's not within driving distance. The challenges of remote investing Factors to determine the right area to invest in How to evaluate a deal

The easiest way for a fix & flipper to cut down on their time to find new deals is to improve their sales skills! Getting better at persuasion means talking to fewer property owners, which means less work & time to find your next deal. Today, let's talk about some of the main objections you'll run into when working with a seller, and how to handle them. The most common objections I have gotten over the years The fastest way to overcome them easily Understand the benefits of selling to an investor

While I love fix & flips, it's my rental properties that form the backbone of my portfolio. That monthly cash flow while increasing equity can't be beat. If you're planning to get into rentals, should you go for the security of more than one tenant in a multifamily home, or stick to single family homes? Let's dive in.  Finding Tip: Door Knocking The differences between a plex and a single family home My experience renting a multifamily vs single family The benefits and drawbacks of both

If you're not careful, there are many different steps along the way to a fix & flip where you can cost yourself money. The reverse of this, is that there are many places where you can squeak out some extra profit…when you add them all up, you can easily add thousands of dollars per flip! Finding Tip: How to find good rental areas for BRRR 12 ways you can maximize your ROI The simplest but most overlooked way to save money My secret to beat out the competition when selling a property The type of contractors you MUST avoid

In this episode, we're going to talk about: Finding Tip: Pre-Foreclosures How to find and finance rental properties A word of warning for getting into rental properties A quick look at my management strategy to keep things running smoothly

In this episode, Ryan is going to cover: Finding Tip: Tax Auctions Having the right mindset in real estate investing Why I love driving for dollars as a strategy All the steps ( in detail) to find your first property with driving for dollars

In this episode, Ryan is covering: What skills do you need as an investor For fix and flips For BRRR For Wholesale How to acquire new skills or increase your skillset

In this special episode, Ryan talks with Nick Loper. He is a long-time advocate of side hustles for extra income or to get out of the corporate world and have more freedom in your life. He hosts The Side Hustle Show podcast,  a top-rated podcast featuring the ideas, actions, and results you need to start and grow a successful business. Nick is also the founder of Side Hustle Nation, a resource for people to find actionable ways to grow their side business. We cover his income hacks, his tips for growing, the pros and cons of quitting your day job and much more!

Join Ryan in this week's podcast where he'll be covering: Finding Tip: Out of State Owners My secret to finding great deals in less time The 3 key ingredients for a good deal The FAST way to estimate a rehab What I use to make analysis so much easier

In this episode, Ryan speaks with a special guest, Scott Royal Smith.  Scott is a real estate investor and an asset protection attorney. He's spent the last several years analyzing real estate projects and working to help people protect their investments and assets. He is the founder of Royal Legal Solutions.  To receive the free resources from Royal Legal Solutions visit: https://rlspod.com/ih

Join Ryan for this episode of Income Hacker, where we dig into how much money you need to flip a property. We'll cover: Finding Tip: Pre-Foreclosures How much money do you actually need to flip a house The different types of flipping The most expensive part a house flip A quick and dirty budget to get you started

In this week's episode, Ryan is going to be covering: Finding Tip: Involuntary Liens Why I hate MLS properties My secret “MLS Sniper” approach Why research is what makes or breaks a deal

In this special episode, Ryan talks with Daniel Godbout, CEO, and co-founder of Foliolens. He is Senior Director, Global IT Infrastructure at Playstation. But on top of all of that, he is a real estate investor.  Ryan asks Daniel about how he got started, his process for finding properties, and what he plans to do in the future. As well as talks to him about Foliolens and how that can help landlords organize their property documents and make payments easier. 

In this episode Ryan covers: Finding Tip: Failed Listings How you can create cash flow with real estate Seller finance - how it works and when to use it

Finding Tip: Skiptracing Why wholesaling is so great for new investors Pro tips to make wholesaling easier The 7 simple steps of wholesaling

In this episode, Ryan covers the 7 secrets that he has learned over the years to increase his wealth and live a more fulfilling and comfortable life. Finding Tip: Pre Foreclosures My 7 secrets to financial success What it means to be rich vs wealthy The one rule that will make or break you My 5 budgets

In this episode, Ryan shares his experience getting started in real estate investing, and the process he learned along the way. This week we cover: Finding Tip: Out of State Owners The 7 steps to flipping a property Pro tips in finding, valuing, and working with contractors How to find space in competitive markets

Tune in to this week's episode where we'll be discussing:

We've all seen the HGTV shows where it takes 5 minutes for them to find a property to flip. We know that's ridiculous, but it's still one of the most common questions I get! How long is it really going to take to find the right deal?  With nearly 20 years in the industry, I'll show you how long it takes, as well as some of my best secrets for speeding up the process. In this episode, we cover: Finding Tip: Understanding Area Stats Realistic expectations for finding a property The biggest downfall of new investors The main factors in find and flip timeline

In this episode, Ryan is talking about the moratorium ending and what that means as a real estate investor.  We'll be covering: Finding Tip: Involuntary Liens The process of foreclosure How to find a great deal with pre-foreclosures How to make a deal even with low equity