Podcasts about after repair value

Learn the six essential criteria for accurately determining ARV (After Repair Value) in this 15-minute highlight with Jake Leicht. Discover how to analyze comps effectively by focusing on recent sales, neighborhood boundaries, square footage, property characteristics, and more. Whether you're new to real estate or refining your skills, this episode will help you evaluate deals with confidence and precision. KEY TALKING POINTS:0:00 - The 6 ARV Criteria You Need To Look At1:18 - Comp Criteria 1: Recently Completed Sales3:41 - Comp Criteria 2: Within The Same Neighborhood6:01 - Comp Criteria 3: Similar Square Footage7:38 - Comp Criteria 4: Similar Characteristics10:45 - Comp Criteria 5: Similar Age13:23 - Comp Criteria 6: Reasonable Selling Time15:33 - Outro LINKS:Instagram: Jake Leichthttps://www.instagram.com/jakeleicht/ Website: Jake Leichthttps://www.theflipsecrets.com/exclusive Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

Being able to know the ARV or After Repair Value of a house is crucial to being able to wholesale, flip, or successfully invest in rentals. In this episode Cindi COmchoc shares how she uses the information in a CMA (Comparative Market Analysis) and how you should for your deals. Visit our website at www.TrueWealthInvestors.com for more real estate wisdom and resources.   If you're an ambitious investor striving for significant goals, don't miss the opportunity to join our ELEVATE Mastermind Group.  Apply now at www.TrueWealthInvestors.com/mastermind and connect with like-minded individuals ready to elevate their business to new levels. Tune in, take notes, and let's unlock the secrets of strategic real estate selling together!" More Resources & Links Struggling to get started in Real Estate or feel like you are struggling to get to the next level?  Check out this Free Vision Casting Video to help clarify your goals and get specific steps to accomplish them!   Ready to see if you qualify for the ELEVATE Mastermind?  Schedule a 30 Minute Strategy Meeting with Chad to see if it's right for you.   Connect with Chad on LinkedIn Follow Chad on Instagram Follow Chad on YouTube Follow True Wealth on Facebook Be sure to leave a rating & review to let us know how this show has helped YOU!

Welcome to the Property Hustlers show! In this podcast episode, Andrew sits down with Ryle, a student of our house flipping coaching program and real estate investing course, to dive into the exciting world of house flipping.Join us as we explore Ryle's journey into flipping homes, from finding the perfect property to working with contractors and managing home renovation contractors. We'll discuss the importance of understanding After Repair Value and maximizing return on investment, particularly return on investment in real estate, ventures.Throughout the conversation, we'll touch on key topics such as return on investment meaning, financing options, mortgage rates, and the role of a mortgage broker in the house flipping process. Ryle shares valuable insights on how to start house flipping, whether it's your primary residence or an investment property.Tune in to learn more about the intricacies of home renovation, the challenges of house flipping in Ontario and Canada, how to flip a house for the first time, how to get into house flipping, and the strategies for achieving success in this dynamic market.If you're interested in house flipping in 2024, real estate investing, and want to learn from real-life experiences, this episode is a must-listen! Don't miss out on this engaging discussion about the art and science of house flipping and the house flipping meaning. Subscribe now to the Property Hustlers show for more house flipping podcasts, and valuable insights and expert advice on real estate investing.#propertyhustlers #realestatesuccess #realestateinvestmenttips #houseflipper #houseflippingtips #houseflipping #realestateinvesting [0:00] Introduction[0:28] Getting into Real Estate[2:55] Primary Residence as Rental Property[5:40] Why House Flipping?[7:10] Pulling the Trigger on House Flipping Journey[8:55] Committing to Real Estate Investing[10:59] Owning a Business vs Real Estate Investing ROI[13:21] Discussing Ryle & Lyanne's Ottowa Property[18:38] Confidence in Real Estate Investing[20:19] Benefits of House Flipping Coaching Programs[24:55] Contractors[27:42] Sticking to the Budget[31:26] Renovations [32:58] Finding a Good Contractor[33:57] Defining What "Finished" Means[34:52] Capital Raising with the Investor[36:45] Capital Expenditure[39:10] Thoughts on the Coaching Program[39:53] Importance of Patience and Discipline in Real Estate Investing LIKE & SUBSCRIBE if you enjoyed the video so we can share it with more people! Looking for more free resources? Access To FREE Online Training Module propertyhustlerslearning.teachable.com/p/free-training(Deal sourcing / Underwriting / Capital Raising)Book A Discovery Call With Our Team! https://calendly.com/oscarelitenetwork/20min or you can text us at 647-492-5051Find Us On Instagram: Andrew Parashis

Many people are asking about the right way to estimate the ARV of the After-Repair Value of a property. There are different formulas that others use to do this, but for Dwan and Bill, it can be summarized into three steps. Join Bill and Dwan as they talk about how to estimate the ARV (After-Repair Value) in three ways. They also share some of the most important lessons on going against the current and doing the opposite of what everybody else is doing. Listen up and enjoy!   Episode 328 at a glance… Evaluating a property in three ways The Comparable Sales by the MLS The Replacement CostThe Income Approach Running into the market when everyone is running from it Using the 3 steps to estimate the ARV and getting a good deal What is Real Estate all about? How is Real Estate similar to buying stocks The right attitude to succeed in Real Estate Investing   Until the next episode!     About the host: Dwan is America's most sought-after real estate investor and coach. She has been featured on more than 50 media outlets in interviews and featured articles. For the past 4 years, Dwan's Podcast has grown in popularity and is now in the top 1000 business podcasts Connect and know more about Dwan here: Website: https://dwanderful.com Instagram: @dwanderful Facebook: https://www.facebook.com/Dwanderful

On this episode of REI Mastermind Network, we are joined by a successful house flipper with over 30 years of experience. We discuss the most important areas to focus on when renovating a house, finding wholesale deals, and streamlining the renovation process. Our guest shares tips on increasing curb appeal, purchasing wholesale deals, finding reliable contractors, and tracking expenses. We even hear about their challenging experience when starting out and how joining a real estate investor club changed their game. Tune in to learn their eight methods for finding wholesalers in your own city and much more.

Fred Shatzoff is a nationwide broker who connects clients with the best lenders. He thoroughly vets potential lenders, always looking for their responsiveness, knowledge, and transparency. Fred offers his services to both new and experienced investors and is always eager to share his knowledge and expertise. He strongly advises potential clients to get a second set of eyes before proceeding with any deal, emphasizing that no question is a silly question. Overall, Fred is a seasoned professional who is dedicated to helping his clients find success through real estate investments.

Rudy writes: What does After Repair Value mean?

Our guest is Nicole Gauthier, a real estate investor who is passionate about community growth and social change. In this episode, we talk about social impact investing, the benefits of investing in opportunity zones, and how to rise by lifting others. If social change and community growth are an important part of your investment strategy, then this episode is definitely for you! Learn more about Nicole and her journey at reiclarity.com! “Opportunity zones are neighborhoods where the city is targeting a lot of infrastructure and growth to try to empower those that are in that community.”   01:12 Nicole started real estate investing about 1.5 years ago, after doing market research in inner-city Houston. She saw that a specific neighborhood in an opportunity zone undergoing gentrification and she wanted to help prevent the residents from getting displaced. She purchased an empty lot near 2 universities in Houston and her plan is to eventually create an affordable student housing complex on it.   Nicole founded her company, Wicked Holdings, in January of this year. She's already completed rehabs on a few rental projects and she's currently working on a multifamily property in a nearby opportunity zone. “If you stick to the numbers and you can show that, then investors are willing to work with you.”   10:01 Nicole believes that if you buy right and stick to your metrics, then you can reap the best returns and advantages for your investors. Her specific formula is to stick to 70% or less of the After Repair Value when purchasing.   Nicole's way of fighting gentrification is by doing new construction. This way no one has to be displaced as she is adding more homes to the community.   When looking at a multifamily deal, Nicole is focusing on 3 key metrics within the area - increasing income, decreasing unemployment, and population growth. “We have the choice to make changes in our tenants' lives. And you can still be profitable and reap some really great returns for your investors. “   31:58 At the end of the episode, Nicole picks an action step from the REI Clarity Framework that is the most valuable to her. This is “Rise by Lifting Others”.   According to Nicole, when you're investing in a growing community, especially if it's a gentrification type of situation where things are changing fast for that community, focus on the people. Engage with the community and ask the tenants what improvements they would like to see. Mentioned in the show: https://www.wicked-holdings.com/ Her LinkedIn Her Instagram www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.    Special thanks to Nicole Gauthier for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

You have questions. Lots of them. Lots more than I could get into the previous show so today I’m continuing to answer your questions.  If you have questions about real estate or real estate investing, send them in an email to questions@flippingamerica.net. We will answer your question within 24 hours and we might end up using it on a show like this. We like helping people and we like getting questions and feedback from the audience. So to encourage this, today we are starting a question contest. You have until March 15 to submit your questions via email to us. On the Monday, March 15 show, we are going to announce our contest winners and their prizes, which will include training, books and technology products with a combined value of over $10,000. All you have to do is send a question to questions@flippingamerica.net. Tell us where you are from, and ask your question, and tell me in one paragraph why you are worthy and deserving of a full scholarship to my Ultimate Real Estate Investor Machine Training.  Most of the prizes will be from random drawings, but the grand prize - this $6000 scholarship will be awarded to one person based on a decision from our distinguished panel of judges here at Flipping America.  Every question becomes an entrant for one of the prizes, and every paragraph of worthiness will be considered for the Grand Prize.  Mindset Moment: Hey fellow entrepreneurs, I know that someone listening to me right now is thinking about giving up, going back to a W2 job, just to ease the stress and uncertainty of this life. This message is for you. I’m not going to tell you to not give up. I’m going to ask you to think objectively about your situation. Some of you probably should give up and get a job. Does it surprise you that I would say that? I’m just being real. This life simply isn’t for everyone. If I’m honest, and I always am, there have been some days I’ve wondered if it’s for me.  Here’s what I encourage you to think about: The Situation The Realistic Prospects Your Skills Your Motivation Your Mindset - are you really cut out to be a business owner? What is happening when you feel “on top of things”?  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437)   ext 1. Leave your message or your question.  Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Flipping America Buyers Club Legal Shield Announcements:   News:  Questions  The Top Asked Real Estate Investing Questions Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate? Sara, Long Beach, CA, What kind of real estate investments are best? Manza, San Antonio, TX How do I find a profitable investment property? Anthony, Chicago, IL Where will I find the most profitable investment properties? Tracy, Chattanooga, TN How much initial capital do I need? Quentin, Moss Creek, SC How will I finance the property? Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip? Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?” Lakeisha, Mobile, AL, “Can I begin investing in real estate with no money?” Shawanda, Conyers, GA, “Is real estate investing easier if I already own property?” Jonathan, Portland, ME “Do I need a real estate agent when buying a property?” Tasha, Pittsburgh, PA “Should I invest in out-of-state properties?” Roselle, Denver, CO and about 200 others, “How can I learn about real estate investing? Alvin, Pasadena, CA “Do I need a real estate mentor?” Anthony, Jacksonville, FL “How will I determine the rent to charge for my property?” Kimberly, Roseberg, OR “How do I find the right tenant for my rental property?”  Jameson, Johns Creek, GA“Should I make any improvements to my investment property before renting it out?” Sheila, Orlando, FL “Should I hire professional property management?” Matthew, Forsyth, GA “Do I need a home inspection?” Jimmy, Stockbridge, GA “Do I need a real estate license as an investor?” Candice, Stone Mountain, GA “What does After Repair Value mean?” Freddie, Waukesha, WI, “What marketing campaigns are best for new investors?” Carmine, Columbus, OH “What are the best tax benefits associated with real estate investing?” Addison, Milwaukee, WI “How should my real estate company be structured?” Larry, Harrisburg, PA “How do I choose a name for my real estate company?” Arden, Greenville, SC “How suitable is my market (Greenville) for investing? Sal, Leet Township, PA, “How do I determine the value of an investment property?” Charlene, Port St. Lucie, FL “How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future? William, Boulder, CO, “What do I need to know about a potential city where I might invest and how do I get this information? Cameron, Provo, UT, “I’m a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this”   Real Estate Questions Asked by: Homebuyers Adrian, Modesto, CA, Should I buy or rent a home? Manny, Philadelphia, PA, How do I figure out what kind of home can I afford? Charlene, St. Petersburg, FL, When should I apply for a mortgage pre-approval? Arthur, Daytona Beach, FL, How do I look for a home? Cindy, Atlanta, GA Is it possible to buy a home and sell my current one simultaneously? I’m thinking about calling OfferPad. Marvin, Knoxville, TN, I am under contract to sell my house. I’ve changed my mind. Can I still back out of the deal? It’s a legal contract. You could be sued for failure to perform. You should offer the buyer money - cover all their costs and then some. They could force you to sell.  Harold, Jacksonville, FL Do I really need a real estate agent? Mitch, Ft. Worth, TX, Can I trust my real estate agent? Jennifer, Memphis, TN How much do I pay a real estate agent? Austin, Indianapolis, IN I’m thinking about buying my first home. Where do I start? Harvin, Pittsburgh, PA, Is there a “best“ time of year price-wise to buy a home? Ernesto, Columbus, GA Can I buy a home with no down payment? Stan, Dallas, TX, How does mortgage loan insurance work? LaWanda, Jackson, MS, How much will I need for closing costs? Maggie, Charlotte, NC, Should I lower the list price, or offer an incentive to realtors to sell my home faster? Patricia, Birmingham, AL What color of houses sell fastest? Peter, Villages of Ocala, FL, What should I look for in a lucrative investment property? Cissie, Blue Ridge, GA, Does a higher credit score mean a better mortgage rate? Shondra, Mobile, AL, What does the new mortgage stress test mean? Home Sellers, Dozens, if not hundreds of people are asking these questions. How do I prepare my home before I sell it? When is the best time to sell my home? How long will it take to sell my home? How can I figure out how much a home is worth? Why is my home’s assessed value different than the market value? Are real estate prices negotiable? How much of the sale price do I get? Is paying 6% to sell a home required? Do discount agents provide the same service as more expensive agents? What is a home buyer rebate? Should I sell my home before buying a new one? What is the first step for buying a home? Why do I need a mortgage before I buy a house? Can I back out of buying a house? How can a real estate agent help me buy or sell a home? Motivational Quote: “ Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” – Steve Jobs, Co-founder, CEO, Chairman Apple Inc.

You have questions. I have answers. I know a thing or sixty about real estate and today I will tell you 17 of them. More in Show 456.  Mindset Moment: I was thinking the other day about our perception of life. Dianna and I have a friend who lives in our building (a nice midtown Atlanta high rise), has a great government job with high pay, good job security and great benefits. She might be the unhappiest person we know. There is never enough money. She always expects the worst and usually gets it. In her friendships, her love life, even at her job.  How do self-fulfilling prophecies work? It’s not some mystical energy you put out there in the universe. Confirmation bias causes us to identify life examples or circumstances that support our underlying theory. We all have a big need to be able to tell ourselves, “see? I told me so.”  This will lead us to focus on the data points that support our prior beliefs. This is true if you believe that bad things are happening around you and to you OR if you believe that life is good and good things are happening.  Your beliefs will color your interpretation of events.  Do negative things happen to people with a negative outlook? Yes! “See? I told you so.” Do positive things happen to people with a negative outlook? Yes! “Yeah, well just wait - it will end badly. Things always do.” Do negative things happen to people with a positive outlook? Yes! “Life has to hand us challenges so we continue to grow and improve. We will get through this.” Do positive things happen to people with a positive outlook? Yes! “See? I told you it would work out!” Pain is a part of life, but suffering is optional. Your outlook will determine your interpretation of events, and THAT will affect your outcomes.  I want to add that the ability to adopt this positive view of life seems to be connected to hope. And hope is connected to faith. I’ve noticed in my years on earth that hope and a generally positive outlook is positively correlated with people of faith. I’m not saying that one should choose to believe simply to achieve a better outlook on life. I’m saying that believers in a hopeful afterlife are generally more positive about this one.  How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437)   ext 1. Leave your message or your question.  Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Flipping America Buyers Club Legal Shield Questions The Top Asked Real Estate Investing Questions Marcus, Frankfort, KY, (and dozens of others) Why should I invest in real estate? Sara, Long Beach, CA, What kind of real estate investments are best? Manza, San Antonio, TX How do I find a profitable investment property? Anthony, Chicago, IL Where will I find the most profitable investment properties? Tracy, Chattanooga, TN How much initial capital do I need? Quentin, Moss Creek, SC How will I finance the property? Andrew, Puget Sound, WA, How long does it normally take to see profit from a flip? Pradesh, Atlanta, GA What contingency plans can I implement if my exit strategy fails on a flip?” Lakeisha, Mobile, AL, “Can I begin investing in real estate with no money?” Shawanda, Conyers, GA, “Is real estate investing easier if I already own property?” Jonathan, Portland, ME “Do I need a real estate agent when buying a property?” Tasha, Pittsburgh, PA “Should I invest in out-of-state properties?” Roselle, Denver, CO and about 200 others, “How can I learn about real estate investing? Alvin, Pasadena, CA “Do I need a real estate mentor?” Anthony, Jacksonville, FL “How will I determine the rent to charge for my property?” Kimberly, Roseberg, OR “How do I find the right tenant for my rental property?”  Jameson, Johns Creek, GA“Should I make any improvements to my investment property before renting it out?” Sheila, Orlando, FL “Should I hire professional property management?” Matthew, Forsyth, GA “Do I need a home inspection?” Jimmy, Stockbridge, GA “Do I need a real estate license as an investor?” Candice, Stone Mountain, GA “What does After Repair Value mean?” Freddie, Waukesha, WI, “What marketing campaigns are best for new investors?” Carmine, Columbus, OH “What are the best tax benefits associated with real estate investing?” Addison, Milwaukee, WI “How should my real estate company be structured?” Larry, Harrisburg, PA “How do I choose a name for my real estate company?” Arden, Greenville, SC “How suitable is my market (Greenville) for investing? Sal, Leet Township, PA, “How do I determine the value of an investment property?” Charlene, Port St. Lucie, FL “How much of a down payment and mortgage do I need to get started? How much additional capital will I need in the future? William, Boulder, CO, “What do I need to know about a potential city where I might invest and how do I get this information? Cameron, Provo, UT, “I’m a college student and my studies keep me pretty busy. Is there something I could be doing right now to build my future as a real estate investor? I can devote about 4-6 hours a week to this” Real Estate Questions Asked by: Homebuyers Should I buy or rent a home? What kind of home can I afford? When should I apply for a mortgage pre-approval? How do I look for a home? What are the local amenities and resources in my area? Is it possible to buy a home and sell my current one simultaneously? Can I still back out of a deal? Do I really need a real estate agent? Can I trust my real estate agent? How much do I pay a real estate agent? I’m thinking about buying my first home. Where do I start?  Is there a “best“ time of year price-wise to buy a home? Can I buy a home with no down payment?  How does mortgage loan insurance work? How much will I need for closing costs? Should I lower the list price, or offer an incentive to sell my home faster? What color of houses sell fastest?  What should I look for in a lucrative investment property?  Does a higher credit score mean a better mortgage rate?  What does the new mortgage stress test mean? Home Sellers How do I prepare my home before I sell it? When is the best time to sell my home? How long will it take to sell my home? How can I figure out how much a home is worth? Why is my home’s assessed value different than the market value? Are real estate prices negotiable? How much of the sale price do I get? Is paying 6% to sell a home required? Do discount agents provide the same service as more expensive agents? What is a home buyer rebate? Should I sell my home before buying a new one? What is the first step for buying a home? Why do I need a mortgage before I buy a house? Can I back out of buying a house? How can a real estate agent help me buy or sell a home? Motivational Quote: “To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.” –Jim Rohn  

ABOUT JAY HINRICHSJay began his career in Real Estate in 1975 and has been involved in all aspects of the industry including timber and wood product harvesting, hard money lending, and single-family residential development. He became President of Langer Mortgage in Oakland, California, began a company called Cedar Mountain and Silverado Group LLC.  Jay's current business is Short Term Lending in a Capital Partner Model.  Jay has also become a new home builder in two markets; Portland, Oregon and Charleston, South Carolina.  WHAT YOU WILL HEAR[1:21] His journey on Real estate career[5:38] How Fractional mortgages differ in California from Oregon[7:30] His experience on getting out of bankruptcy[9:50] How he started with building subdivisions[13:40] How he bridge the gap from being a Real estate professional to an Investor[16:40] When and how he started buying properties [19:13] Good Structure for Hard money deals[20:28] Stigma of Using hard money[23:24] Examples of good hard money deals to use for[29:45] Advice on how to raise capital without using hard money[30:48] Most Recent Deals [36:16] How to start building your track record[38:51] Advice to his-25-year-old self[40:03] First Entrepreneurial Endeavor[42:18] His Formal and Informal training that shaped his journey[43:26] The Deal that Got Away KEY QUOTES:[10:58] I tell my staff, “You see, 3 or 4 years from now, what we are doing today, we will not be doing that, we'll be doing something else. It will be real estate-based, but it will be completely something different and something new.''[14:32] Generally speaking, you can't earn enough money just by selling real estate to become a massive investor. You can start small and over time, you definitely can if you're buying in the right places, if the market is good and you keep on rolling it up.[20:53] “Some people find it scary to use hard money because they don't fully understand the full scope of our financial system”.      [28:11] We all lose money in Real estate, if you haven't lost money, it's either you're the smartest guy in the planet or you haven't done many.  Keywords:▪ ARV (After Repair Value) = the estimate of a property's value after all repairs and upgrades are completed.▪ PPM (Private Placement Memorandum) = is a legal document provided to prospective investors when selling stock or another security in a business Summary of Business:JLH Capital Partners is a family-run business with industry expert Jay Hinrichs at the helm. Our primary lines of business have grown to include residential development, commercial and bridge lending, and partnering with seasoned real estate professionals to pursue a myriad of joint venture projects. ABOUT THE WESTSIDE INVESTORS NETWORK        The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.      The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas please visit www.uptownpm.com. If you are interested in investing in multifamily syndication please visit www.uptownsyndication.com.   #investmentproperties #realestaterecap #undercontract #listings #realtors #investor #motivation #brokers #investments #wholesaleproperties #entrepreneurs #thinkandgrowrich #businessopportunity #earnmore #beyourownboss #additionalincome #propertymanagement #rentals #passiveincome #realestate #success #wealth #financialfreedom #motivation #money #debtfree #finance #debtfreedom #debts #mortgage #lender #home #mortgagelender #loangoals #realestate #investing #realestateinvesting #entrepreneurship #hustle #businessowner #realestateinvestor  You may contact Jay via:Email: jay@jaylhinrichs.comLinkedIn: https://www.linkedin.com/in/jay-hinrichs-732a802b/Website: https://jlhcapitalpartners.com/Social Media: ▪ Facebook: https://www.facebook.com/jay.hinrichs.395▪ Instagram: https://www.instagram.com/jlhcapital/  CONNECT WITH USFor more information about investing with AJ and Chris: ·       Uptown Syndication | https://www.uptownsyndication.com/·       LinkedIn | https://www.linkedin.com/company/71673294/admin/ For information on Portland Property Management:·       Uptown Properties | http://www.uptownpm.com·       Youtube | @UptownProperties Westside Investors Network·       Website | https://www.westsideinvestorsnetwork.com/·       Twitter | https://twitter.com/WIN_pdx·       Instagram | @westsideinvestorsnetwork·       LinkedIn | https://www.linkedin.com/groups/13949165/·       Facebook | @WestsideInvestorsNetwork·       Youtube | @WestsideInvestorsNetwork  

This episode we interview my Co-Host Doug Kierstein. Doug is a Colorado native. He has always had an interest in working hard and making money. At 13 years old, he wanted to invest some money. His dad took him to the bank and Doug didn't understand a word the guy said. But he got the itch and bought his first book on finance at 15. He has three undergraduate degrees and some classes towards his Masters degree. He holds degrees in finance degree, economics, and information systems. On his own, he started a mortgage broker business and kept that going on the side. He started in the finance world with Charles Schwab trading stocks and bonds for 1 1/2 years. He liked being immersed in the stock market world but missed meeting face to face with people. Next at Bank One, he picked up his insurance license and kept his security license and worked there for 1 year. Then, with a friend, he started an advisory and mortgage business. He got married and started raising a family, so he took a more stable job at TIAPress, working at the outbound sales department. He again missed the face to face with people. After 6 years he moved on, getting closer to people. He did a fix and flip in 2013. He learned a lot through helping and doing part of the work. Doug broke even on the project, but lessons learned were: 1. The realtor overstated the After Repair Value. 2. The house was out of place in that neighborhood and it took more rehab to bring it back into normalcy. 3. He was using a hard money loan and the rehab took 6 months. After TIA Press, he works as a personal financial representative and building real estate business. Doug is a man of faith and that keeps him grounded and on track. His funny quote is: I don't always eat very well, but I sleep very well. Secrets Sauce to his Success; He believe being tenacious is a key to success. He believes in education (as you can tell by his 3 undergrad degrees! :-) ) Favorite Books: The magic of thinking big - David Schwartz How to win friends and influence people - Dale Carnegie. George Kilder - Wealth and Poverty. Warning: Not an easy read Contact Information: Cell Phone: 303-638-7245

Question: “What is the 70% RULE In House Flipping?” You want to go to a free tool that I put together for you all, it’s called DealEstimator.com, It will forward you to the tool on our website MyEmpirePro.com. What is ARV? It means After Repair Value. If you are asking the question What is the 70% rule in house flipping? It simply means that your cost of the acquisition of the property cannot be more than 70%. ***Read FULL Details on our BLOG POST*** BLOG POST: https://myempirepro.com/blog/what-is-the-70-rule-in-house-flipping BOOKS DOWNLOAD ➡️ http://SmartRealEstateWholesaling.com SUBSCRIBE ➡️ http://bit.ly/SubonYouTube BLOG POST - https://myempirepro.com/blog/ ABOUT YOUR HOST ::::| Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006. He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American. Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers. GET MY BOOKS ON AMAZON https://amzn.to/2VRzdvE FREE @ AUDIBLE SMART REAL ESTATE WHOLESALING - https://adbl.co/2OeYqI2 REAL ESTATE MONEY SECRETS - https://adbl.co/2HuHPQa FOLLOW OLA ONLINE HERE: Instagram :|: http://instagram.com/iTuxB Facebook :|: https://www.facebook.com/iTuxB Twitter :|: http://twitter.com/iTuxB PODCAST iTunes :|: http://apple.co/2ktmxnn Stitcher Radio :|: http://bit.ly/2j56O1N WEBSITE myEmpirePRO :|: http://myEmpirePRO.com

Anam & Aamir Hashambhai – co-founders of Opulent Realty talk to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Anam and Aamir are a Dallas, TX-based husband and wife team who purchased their first investment property three years ago with their entire savings. Three years later they have a few million under management and show no signs of slowing down. They currently have 15 units purchased through the BRRRR Strategy and they are looking to get to 20 by the end of the year. Post-Interview Analysis  Key Lessons Learned: Have very well defined acquisition criteria, this allows you to very quickly screen properties for whether or not you should dig deeper. How did they acquire their knowledge or what knowledge did they need to acquire? They had to learn how to determine good areas to invest in. This led them to develop a screening system they call A.R.E.A. (Area, Retail, Education, ARV). Meaning they look for nice areas with decent employment, near retail, near good schools, with properties that they can acquire for 55-65% of After Repair Value. How much money did it take to get started? About $120,000 to fund the cash purchase of their first deal, that they then did a cash-out refinance on. How much time does it take now? During acquisition, it takes about 40-50 hours per week, but once a property is up and running, it’s more like 1 hour per week. Could they do this strategy from anywhere in the world? Yes Episode Highlights:  Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How Anam and Aamir pooled together their life savings along with some credit cards to fund the purchase and rehab of their first single-family rental The details of that first single-family rental investment How they find their deals through wholesalers but avoid being overwhelmed by the flow of deals Their system for quickly analyzing a deal for whether they should proceed And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: https://www.instagram.com/rehabrental/ (@rehabrental) Resource: https://www.buildium.com/ (Buildium) Resource: https://www.biggerpockets.com/podcast (Bigger Pockets Podcast) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/) https://besteverconference.regfox.com/best-ever-conference-2021?r=NEIL1216 (Attend the 2021 Best Ever Conference)

  Part of the role of an acquisitions manager is to have the patience and wisdom of a researcher and the charisma and confidence of a negotiator. Their tasks mainly revolve around fieldwork, settling, and elections to purchase short and long-term lease agreements that meet your business’ goals. Suffice to say, hiring the right acquisitions manager is critical to making sure each contract signed will translate to your company’s earnings. Today, Don introduces his Acquisitions Manager, Ruben, to answer a few questions from our fans on Facebook. Ruben shares his professional background, how he began working as an acquisitions manager, and some of the projects he’s collaborated on so far. He explains how to prepare for an appointment with a new lead and shares key tools and equipment an acquisitions manager should always have access to. He also describes the importance of not just establishing a relationship with the client, but to also make sure you don’t let the momentum grow cold.     “You can't control a lot of things, but what you can control is how you go into that appointment, how you react, and how you raise questions.” - Ruben     This Week on FlipTalk’s Rookie Play Book: How to prepare for an appointment. What is the After Repair Value and why is it important? The tools and equipment to bring for an appointment. The importance of establishing rapport and doing a follow-up as soon as possible. What to do with the appointment if you don't get the contract. His advice for new acquisitions managers.   Resources Mentioned: Never Split The Difference book by Chris Voss Start with No book by Jim Camp John Martinez Rate, Review, Learn and Share   Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don’t forget to tune into our other shows: FlipTalk’s Rookie Play Book and FlipTalk’s REI Round Table. Share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.   Join the community of FlipTalk fans on Facebook  and visit our website for even more content, information, and resources about real estate investing.  

On this podcast episode I talk about why learning how to wholesale is a great place to start if you are a new investor. Learning how to wholesale and find houses at a deep discount is very important for you as a real estate investor and will make you a much more well rounded real estate investor. There are three types of real estate investors: 1. investors that buy rentals using a realtor 2. investors that buy rentals from a wholesaler 3. investors that buy rentals from sellers direct If you want to get the best wholesale deals at the lowest wholesale prices, then you will need to buy directly from motivated sellers. Those motivated sellers could be financially distressed (foreclosure, short sales, bankruptcy etc). They could be bank owned properties owned by the bank (REO). Or they could be properties that have been damaged by hurricanes, storms, floor or fire. If you want to find properties at a discount your seller is going to need to be motivated to sell at a discount. On this episode I talk about long term real estate investing strategies to create and build wealth like the Buy Repair, Rent and Refinance Strategy (BRRR). To employ this well known strategy you need to be able to find wholesale deals at wholesale prices that are purchased at no more than 75% of market value. That is the hard part. And realtors won't be able to help you with this. The way you find wholesale discounted deals is by buying directly from banks, buying from wholesalers, or buying directly from motivated sellers. Buying direct from motivated sellers is your best option. Soon, bank owned properties, foreclosures and short sales will be booming. But to buy these properties you have to pay CASH (no mortgages allowed). If you don't have the cash you need to have a private lender in place that will lend you the money. To get started, you will first need to learn and have a very solid understanding of what a house would appraise for, the repairs required to fix the house and what those repairs would cost. Only once you know what the house is worth fixed up, and what it would cost to fix it up, are you able to calculate your maximum offer price. I teach After Repair Value, Comparable Sales, Repair Estimates and how much to offer at our Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. Here is a link for more info: https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about why learning how to wholesale is a great place to start if you are a new investor. Learning how to wholesale and find houses at a deep discount is very important for you as a real estate investor and will make you a much more well rounded real estate investor. There are three types of real estate investors: 1. investors that buy rentals using a realtor 2. investors that buy rentals from a wholesaler 3. investors that buy rentals from sellers direct If you want to get the best wholesale deals at the lowest wholesale prices, then you will need to buy directly from motivated sellers. Those motivated sellers could be financially distressed (foreclosure, short sales, bankruptcy etc). They could be bank owned properties owned by the bank (REO). Or they could be properties that have been damaged by hurricanes, storms, floor or fire. If you want to find properties at a discount your seller is going to need to be motivated to sell at a discount. On this episode I talk about long term real estate investing strategies to create and build wealth like the Buy Repair, Rent and Refinance Strategy (BRRR). To employ this well known strategy you need to be able to find wholesale deals at wholesale prices that are purchased at no more than 75% of market value. That is the hard part. And realtors won't be able to help you with this. The way you find wholesale discounted deals is by buying directly from banks, buying from wholesalers, or buying directly from motivated sellers. Buying direct from motivated sellers is your best option. Soon, bank owned properties, foreclosures and short sales will be booming. But to buy these properties you have to pay CASH (no mortgages allowed). If you don't have the cash you need to have a private lender in place that will lend you the money. To get started, you will first need to learn and have a very solid understanding of what a house would appraise for, the repairs required to fix the house and what those repairs would cost. Only once you know what the house is worth fixed up, and what it would cost to fix it up, are you able to calculate your maximum offer price. I teach After Repair Value, Comparable Sales, Repair Estimates and how much to offer at our Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. Here is a link for more info: https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Here, by popular demand: the Appraisal Episode!Josiah Smelser – podcaster, two-time BiggerPockets Real Estate Podcast guest, and Certified General Appraiser – is here to answer your many questions, and he delivers the goods.We played some questions from the Rookie Request Line and touched on subjects like which data and documents you can provide an appraiser, how to challenge an appraisal, and how to keep your emotions in check when estimating After Repair Value.Whether you're a rookie who plans to flip, BRRRR, or invest in rental properties, understanding how properties are appraised – and the mindset of an appraiser – is key to coming out on top. So enjoy this episode, and tell Josiah what you think in the show notes at biggerpockets.com/rookie25.In This Episode We Cover:Getting inside the mind of an appraiserWhat information you can and should provide an appraiserThe top 3 variables that determine valueApproaching the appraisal process with "data and humility"How appraisals vary by marketThe Sales Comparison Approach vs. the Income ApproachKitchens, bathrooms, and added square footageHow doing unpermitted work can come back to bite youWhy you should never outright ask an appraiser to come back with a specific numberThe right way to challenge a low appraisalAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets PodcastBiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus)CBRERookie Podcast 11: Using Home Inspections to Spot “Deal Killers” and Negotiate Better Prices with Rose BuckleyUSPAPBiggerPockets GlossaryGrant CardoneRookie Podcast 23: From Dave Ramsey Disciple to No-Money-Down Real Estate Investor with Sarah BrandenbergerCraigslistZillowTruliaInstagramCheck the full show notes here: http://biggerpockets.com/rookie25

Great episode today with Josiah Smelser - we discuss his background as an appraiser and how it has helped him successfully execute the BRRRR strategy over the last couple of years. We discuss how he is finding deals, financing deals, and numerous tips and tricks related to working with appraisers during purchases and refinances. Josiah Smelser is a licensed appraiser, licensed broker, and former college finance professor. He has built a $4M portfolio of 1-4 unit properties over the last two years, is a host of the Daily Real Estate Investor podcast, and is the author of Dream It and Build It: How to Crush Your Real Estate Investing Goals.Time Stamps:3:08 Josiah talks about his background in accounting and how he left the corporate world and shifted to the appraisal business.7:56 Josiah shares how he used his experience as an appraiser to follow the BRRRR method and buy $4M of real estate in 24 months.10:07 We learn first hand from Josiah what helps increase the After Repair Value using data, educating appraisers on your business model, providing helpful documentation, and more.15:04 Josiah discusses his first deal, a house hack, and how that grew his interest in real estate.19:55 Josiah shares how he partnered with a friend to build a $4M portfolio consisting of 20+ units in just two years.25:28 We discuss how he finds deals through wholesalers, off-market deals, and the MLS. We also discuss how to work with wholesalers to find larger multifamily opportunities.39:05 We learn that the better the market, the harder it is to invest in BRRRR deals. We also discuss how to gauge the success of BRRRR deals (leaving money in a deal isn't the end of the world)!41:22 Josiah shares advice to prospective investors with 20-30k on how they should find a 2-4 unit and house hack, move out, and repeat the process. 44:05 We learn that finding private and hard money can be beneficial but personal reserves are essential to staying safe and minimizing risk when building a portfolio.46:24 Josiah shares his plans of investing in 20+ unit deals and what some of his short term business goals are.48:12 Josiah shares what he wishes he did earlier in his real estate career, such as being more intentional in finding deals. Connect with JosiahFollow Josiah on InstagramCheck out Josiah's podcastConnect with AxelFollow Axel on InstagramDownload Axel's free resources (cash flow calculator, investor pitch deck, scope of work template, and property inspection checklist). 

Great episode today with Josiah Smelser - we discuss his background as an appraiser and how it has helped him successfully execute the BRRRR strategy over the last couple of years. We discuss how he is finding deals, financing deals, and numerous tips and tricks related to working with appraisers during purchases and refinances. Josiah Smelser is a licensed appraiser, licensed broker, and former college finance professor. He has built a $4M portfolio of 1-4 unit properties over the last two years, is a host of the Daily Real Estate Investor podcast, and is the author of Dream It and Build It: How to Crush Your Real Estate Investing Goals.Time Stamps:3:08 Josiah talks about his background in accounting and how he left the corporate world and shifted to the appraisal business.7:56 Josiah shares how he used his experience as an appraiser to follow the BRRRR method and buy $4M of real estate in 24 months.10:07 We learn first hand from Josiah what helps increase the After Repair Value using data, educating appraisers on your business model, providing helpful documentation, and more.15:04 Josiah discusses his first deal, a house hack, and how that grew his interest in real estate.19:55 Josiah shares how he partnered with a friend to build a $4M portfolio consisting of 20+ units in just two years.25:28 We discuss how he finds deals through wholesalers, off-market deals, and the MLS. We also discuss how to work with wholesalers to find larger multifamily opportunities.39:05 We learn that the better the market, the harder it is to invest in BRRRR deals. We also discuss how to gauge the success of BRRRR deals (leaving money in a deal isn't the end of the world)!41:22 Josiah shares advice to prospective investors with 20-30k on how they should find a 2-4 unit and house hack, move out, and repeat the process. 44:05 We learn that finding private and hard money can be beneficial but personal reserves are essential to staying safe and minimizing risk when building a portfolio.46:24 Josiah shares his plans of investing in 20+ unit deals and what some of his short term business goals are.48:12 Josiah shares what he wishes he did earlier in his real estate career, such as being more intentional in finding deals. Connect with JosiahFollow Josiah on InstagramCheck out Josiah's podcastConnect with AxelFollow Axel on InstagramDownload Axel's free resources (cash flow calculator, investor pitch deck, scope of work template, and property inspection checklist).

  Before any property is purchased or sold, it's important that it undergoes a thorough appraisal. The importance of an appraisal truly cannot be underestimated because you should know the actual value of the property you're buying or selling, lest you operate at a loss. Keith Baker discusses the importance of an appraisal in the lending process. In doing so, he outlines the three types of appraisal approaches and gives you nine questions to ask when selecting an appraiser to join your team of professionals. Get familiar with the process of appraisal today! --- Appraisals, Part 1: The Strength Of A Good AppraisalPlus 9 Questions You Should Ask Before Hiring An Appraiser On Your TeamThis show is the only one of its kind. It's created and dedicated to teaching everyday people, like you and me, how to prosper with the most passive form of real estate investing known to humankind, private lending, while also giving tips and ideas that can help keep your money safe. It's this simple. If you're looking for practical tips and advice on being a successful private lender, then you're in the right place. If you want to learn from my mistakes so that you can avoid them and prosper much quicker, then pull up a chair and take notes because this show is made for you. It is late April in the year 2020 and the global death toll from COVID-19 has crossed more than 200,000 lives lost. I hope you stay safe and sane. No matter how crazy things get, it's up to us to choose to stay positive and to create our future, whatever that will come to look like. Let's keep our eyes on the prize. Our present is uncertain, but the future is up to us to create. Our topic is appraisals and the nine questions you need to ask your any potential appraiser if you're going to add them to your team. Remember as the lender, you choose the appraiser, but the borrower pays their fee so it doesn't cost you any money. I will roughly go over the three types of appraisals, the different approaches, which one we'll use for single-family. The two that I use myself, but the one that is the single-family standard. We'll get into some questions. This is part one. On part two, I'll go over the actual form from Freddie Mac and Fannie Mae that you most likely had when you bought your house, even if you're not an investor. I have a question for all the real estate investors out there and homeowners. Have you ever had a purchase or a deal killed because the appraisal came back too low and the bank wouldn't fund the loan? It happens all the time, especially in volatile markets. It is frustrating, to say the least. I have a friend who is selling his personal residence. It's not a real estate deal, but it's a normal retail sale. It was killed because the appraisal came back lower than what the bank was comfortable with. That's where I want to get to this. Banks aren't in the business of evaluating the value of properties, so they hire out a third party expert, a professional to do it for them. They use that to make their lending decisions in there and base their criteria and terms. As a private lender, it is no different. You want to seek the unbiased opinion from a third party on the market value of a property and base your lending decision and terms off of that. It's critical. The keystone number for a deal is, “What is that After Repair Value or ARV? What is the value? What is the realistic after repair value in the future for a retail sale?” Even if it's a rental, all my criteria and decisions are based on the number that I come up with or what that appraisal gives me. I do my own. [bctt tweet="You are the CEO of your money. Act like it!" via="no"] I look through the comps, but it is nice not to have to do that and to have somebody else who does it for a living do it and gives me the report. It takes me a few minutes to read through it and decide, yes or no, which way I'm going to go on that particular loan. It's time to get down and dirty. There are three types of...

Stop paying full price for everything! Negotiate! How? Listen to Carl Gould, your #70secondCEO every week day. Read full transcript: Hi Everyone, Carl Gould here your #70secondCEO, just over a minute of  investment per day for a lifetime of results. Then you reserve capital, cash reserves. So you get, sorry, you get your money going in to your cash reserves. You want to increase your lines of credit. Okay, so two strategies right off the bat refi, extend your line of credit, taxed you know accelerated depreciation and cost segregation. Okay, so let's do that right away, let's say cash in the bank right away. Okay, here we go. Alright now we've kind of talked about this already. Let's talk about number three. We haven't talked about that already. I must say that, I said this to somebody and then they went out and did it. Congratulations, I'm glad it worked. They wanted to hire somebody. That person was asking for a salary of $95,000. They offered them $55,000 and the person took it. In this economy, they took it. All of your asset purchases, start your negotiation. If you're going to buy a building, real estate, machinery, equipment of any sort, start your negotiation, even salaries, even talent, start your negotiations at 60% ARV. 60% and then ARV is After Repair Value. In other words, what has to be done- training, repairs, renovations- in order to bring this back up to market value and functionality. Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.

On this podcast episode, I talk about the key components that you need in order to get started fixing and flipping houses. THESE KEY COMPONENTS ARE: *Finding A House To Fix & Flip *Estimating After Repair Value *Estimating Repairs & Materials *Calculating Your Profit Margin *Finding a Private or Hard Money Lender *Having a Contractor To Fix The House On this podcast episode, I dig deeper into some of these topics and show you why the most important basic foundation for fixing and flipping is to understand what the house will sell for (After Repair Value). The other key component is what it will cost to repair the house (labor and materials). If you know the answer to the After Repair Value, and you know the Repair Estimate, then it is relatively easy for you to plug those two variables into a calculator and figure out your potential profit on the fix and flip. Here is a free tool that I created for my students to use to estimate the profit margin on fix and flips: https://www.lexlevinrad.com/rehab-property-calculator You can also download the Rehab Property Calculator as an App for your phone in the Google Play and iTunes App store for free by searching for "Rehab Property Calculator". For the types of materials that I personally use on my fix and flips you can visit this link to get the materials and components that we use from Home Depot along with the SKU's: https://lexlevinrad.com/materials If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode, I talk about the key components that you need in order to get started fixing and flipping houses. THESE KEY COMPONENTS ARE: *Finding A House To Fix & Flip *Estimating After Repair Value *Estimating Repairs & Materials *Calculating Your Profit Margin *Finding a Private or Hard Money Lender *Having a Contractor To Fix The House On this podcast episode, I dig deeper into some of these topics and show you why the most important basic foundation for fixing and flipping is to understand what the house will sell for (After Repair Value). The other key component is what it will cost to repair the house (labor and materials). If you know the answer to the After Repair Value, and you know the Repair Estimate, then it is relatively easy for you to plug those two variables into a calculator and figure out your potential profit on the fix and flip. Here is a free tool that I created for my students to use to estimate the profit margin on fix and flips: https://www.lexlevinrad.com/rehab-property-calculator You can also download the Rehab Property Calculator as an App for your phone in the Google Play and iTunes App store for free by searching for "Rehab Property Calculator". For the types of materials that I personally use on my fix and flips you can visit this link to get the materials and components that we use from Home Depot along with the SKU's: https://lexlevinrad.com/materials If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Reed Goossens moved to the United States in 2012 to pursue a career in structural engineering, however he then discovered a passion for real-estate investing. With limited funds and no credit, Reed went from purchasing a small duplex to growing his own real estate investing firm, RSN Property Group. Reed now syndicates large multimillion-dollar deals across the US and certainly lives up to the “never-say-die” Aussie attitude when it comes to being a successful entrepreneur. Reed is also the host of the up-and-coming podcast, Investing in the US: An Aussie’s Guide to US Real Estate (and has recently published a book of the same title), wherein he invites other distinguished real estate investors and entrepreneurs to speak with him about their success and help guide other international investors who want to successfully invest in the US.   “The ARV (After Repair Value) was not large enough to justify how much money we ended up spending to add this third story.”   Reed Goossens    Worst investment ever ‘Networking on steroids’ typifies Aussie engineer’s view of first real estate event in US Reed moved the United States in early 2012 and was without a job, so he took the brave move of walking the streets of New York City to visit every engineering firm he could find, with his portfolio in hand and saying, “Hey, give me a job!” He quotes Tony Robbins, who says: “One ‘yes’ will change your life”. And it did. He looked at medium-sized firms, and admiring his spirit, one actually did employ him. Within two weeks of moving to the US, he was at his first real estate networking event, and he realized the Americans were on a different level than he was coming from Australia. He called the US experience “networking on steroids”. Learning about US property Realizing he had much to learn in his new home country, he spent the next six months doing just that. He realized quickly however how low the barriers to entry to the property market are in the US compared to those in in Australia, in that he could go out and buy a property for US$38,000. He was amazed, stating that you could never buy in Australia for under around $250,000-$300,000. He visited upstate New York and bought a number of properties but quickly ran out of his own money and banks were shy about lending to this new arrival. So he found a partner, and with him, started looking at properties in Philadelphia, as he wanted to try his hand at flipping houses. He was confident he could do so as a chartered structural engineer who had worked on many ground-up developments, including the London 2012 Olympic Games site. Reed finds a partner and they buy a row house in Philadelphia to flip So, he and his business partner bought an early 1900s two-story row house in Philadelphia for $110,000. Their goal was to add a story to match adjacent houses and make this row house similar to others in the city and those in New York, and thereby add value to the property. Reed did all the structural engineering drawings and they hired a general contractor (GC). Contractor’s thievery and other horrors make for a lengthy and costly project And here Reed explains the two main problems with the investment. The story he said is a very good lesson in After Repair Value (ARV) and underestimating the cost of carrying out the renovations. In the end, the ARV was not large enough to justify the amount of funds they ended up spending to add the third story. Combine that with shoddy GC work – the general contractor stole materials from them and Reed had to take over the GC work himself and handle all the subcontractors. There were other problems on the mechanical, planning and electrical sides, as the original GC had cut corners and sealed walls before the city had inspected plumbing and electrical wiring. They even found some of their stolen materials at project site a few streets from the house, as they had been networking and were invited onto another developer’s project site. Extra pressure hovers nearby as investor’s father is also involved The situation was also riding on some emotional issues. Reed’s father was also invested in their project and it was Reed’s first foray into syndication. They all thought the build was only going to take around six or seven months, but it ended up taking about a year. And they were holding it the more spending was happening on the debt, the soft costs, and just really having to try to get it out of a hole. One of the subcontractors also ended up being jailed over a bar fight. So, suffice to say, a lot went wrong. At the same time, Reed was trying to move to Los Angeles to be with his girlfriend, who was from there, and his business partner stayed to finish the job. Heart of the loss was how much the home would be worth after repairs The summary though was this and Reed points out the heart of the problem was in the ARV. They bought the house for $110,000, spent about $220,000 or $230,000 on it and sold it for only $375,000. Reed did take care of his father, and kept the promiser of a 15% gain on his investment. Personally, Reed took a loss of about $40,000, or he calls it a $40,000 lesson. He opines that if the ARV was going to be worth $500,000, they would have been very happy. Quick sale but investor takes $40k hit In the end, the house sold within 30 days, which showed there were no issues with what they produced but it just took six months too long. From the time they started looking at the property to the time that they exited and got paid, it was a full 18 months. Some lessons Never overestimate your After Repair Value. On paper everything can look great, but excessive time taken in undertaking renovations can eat into the ARV. Do a lot of research on all possible hidden costs. These can take the form of regulatory issues, materials, builder errors, and contractor overruns. Ensure you work with the right people. Obviously, try not to work with thieves, but build a great team around you, a team you can trust. Never underestimate the value of time and timing the market.   Andrew’s takeaways Opportunity cost can have a massive impact. Reed was drawn into a project that became much deeper and expensive in time than he had expected. He could have been working on another deal or bringing in revenue from some other sources. It’s very hard to estimate what can go wrong. But that is part of risk management. And then Andrew discusses My Worst Investment Ever’s six common mistakes, particularly in reference to No. 2, failed to properly assess and manage risk. But also Andrew argued that sometimes we can do all we can and things can still go wrong. Collated from Andrew’s My Worst Investment Ever series, the six main categories of mistakes made by interviewees, starting from the most common, are:    Failed to do their own research   Failed to properly assess and manage risk   Were driven by emotion or flawed thinking   Misplaced trust   Failed to monitor their investment   Invested in a start-up company  Anomalies can scare us. They can also be misleading and some people get scared out of investing completely. But don’t build your career and investments around these anomalies. These will often happen and there’s not much we can plan to avoid them.   Actionable advice Partner with the right people. Your team is everything. Making sure you have the right team around you, who have done it before, can go a long way toward avoiding such risks.   No. 1 goal for next the 12 months In terms of investing, Reed would like to close on another 1,000 units in the United States. On the personal side, he would like to travel more and spend a lot more time on business development, podcasting, book launches, which is the type of activities he is growing to love.   Parting words “A fool and their money are easily parted. So don’t be that fool.” What that really means to Reed is he recommends getting out there be educated, learn from other people’s mistakes, but at some point in your life, you’re going to have to take action. Invest in yourself first and foremost, and get yourself knowledgeable about whatever investment strategy you’re going into, whether it be stocks, bonds, mutual funds, investments, real estate investments, and be knowledgeable before you pull that trigger.   You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points    Connect with Reed Goossens LinkedIn Website (business) Website (personal) Blog Twitter Facebook Pinterest YouTube Email Phone: +13235191111 Connect with Andrew Stotz astotz.com  LinkedIn Facebook  Instagram Twitter  YouTube My Worst Investment Ever Podcast  Further reading mentioned Reed Goossens (2018) Investing in the US: The Ultimate Guide to US Real Estate

On this podcast episode I follow up on the prior episode (How to get started wholesaling part 1) If you have not already listened to the previous podcast episode please do so now before listening to this one since it will make more sense to you if you listen to it in order. On this podcast episode I review getting your license, building your cash buyer website and posting properties for sale online on your cash buyer website. I talk about the importance of knowing what a wholesale deal is, and understanding After Repair Value, Repair Estimates and Maximum Offer Price. Then I discuss marketing to sellers and setting up your seller websites. I also talk about Facebook ads, direct mail (postcards) and bandit signs for sellers. I summarize for you what a beginner's wholesaling business costs would look like including call tracking, a phone system, 5 websites and marketing with bandit signs and post cards. I show you how to put all of this together and what it will cost you to realistically start out as a new wholesaler with a summary of your business costs and what it would cost you to operate. I show you how for just $500 a month you can be in business as a new wholesaler. There is a lot of information in this podcast. Make sure you take lots of notes! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I follow up on the prior episode (How to get started wholesaling part 1) If you have not already listened to the previous podcast episode please do so now before listening to this one since it will make more sense to you if you listen to it in order. On this podcast episode I review getting your license, building your cash buyer website and posting properties for sale online on your cash buyer website. I talk about the importance of knowing what a wholesale deal is, and understanding After Repair Value, Repair Estimates and Maximum Offer Price. Then I discuss marketing to sellers and setting up your seller websites. I also talk about Facebook ads, direct mail (postcards) and bandit signs for sellers. I summarize for you what a beginner's wholesaling business costs would look like including call tracking, a phone system, 5 websites and marketing with bandit signs and post cards. I show you how to put all of this together and what it will cost you to realistically start out as a new wholesaler with a summary of your business costs and what it would cost you to operate. I show you how for just $500 a month you can be in business as a new wholesaler. There is a lot of information in this podcast. Make sure you take lots of notes! If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by looking at the past (what houses sold for), the present (what is listed on the MLS), and having a pulse for what is going on with our market (inventory and pricing), are we able to really know with confidence what we can sell a house for. Once we establish this number, if we know what the repairs will cost then we can use a simple calculator to estimate our profit potential. I developed a Rehab Property Calculator for my students which you can access at http://www.lexlevinrad.com/rehab-property-calculator. This calculator is also available in the app store for both Android and iPhone - you can find out by searching for "Rehab Property Calculator". That way you can use the app in the field like my students do, to estimate your profit potential on fix and flips. If you want to learn how to estimate repairs, labor and material costs as well as learn how to Fix and Flip Houses then I encourage you to attend my Fixing and Flipping Houses Boot Camp: You can learn more about this event at: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by looking at the past (what houses sold for), the present (what is listed on the MLS), and having a pulse for what is going on with our market (inventory and pricing), are we able to really know with confidence what we can sell a house for. Once we establish this number, if we know what the repairs will cost then we can use a simple calculator to estimate our profit potential. I developed a Rehab Property Calculator for my students which you can access at http://www.lexlevinrad.com/rehab-property-calculator. This calculator is also available in the app store for both Android and iPhone - you can find out by searching for "Rehab Property Calculator". That way you can use the app in the field like my students do, to estimate your profit potential on fix and flips. If you want to learn how to estimate repairs, labor and material costs as well as learn how to Fix and Flip Houses then I encourage you to attend my Fixing and Flipping Houses Boot Camp: You can learn more about this event at: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about buying deals directly from wholesalers, and how that is an untapped niche that many investors don't utilize. Much of the focus for new and experienced wholesalers focuses on finding deals, getting the houses under contract and then flipping those houses to cash buyers. However, just because you are a wholesaler, doesn't mean you can't be a cash buyer too. The key is to know what a property is worth. If you know the After Repair Value of the property, and you know for a fact that there is a substantial profit that could be made by rehabbing that property, then you can close on the house yourself and fix and flip the property. All you would need to do this is access to capital, a private lender or a credit line. Even if you have zero desire to be a rehabber (like many wholesalers) you will not give away your best deals too cheaply if you know what they are worth and you know what you could sell them for. Knowing the ARV is very important. You can also apply this same strategy to close on deals from other wholesalers. The key is that you need to position yourself to be the ideal cash buyer. The way you do this is by being very specific on what it is that you are looking for, and when they bring you a deal that meets these parameters then close on the deal and make sure they get paid. Next time they get a deal you will be their first phone call. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about buying deals directly from wholesalers, and how that is an untapped niche that many investors don't utilize. Much of the focus for new and experienced wholesalers focuses on finding deals, getting the houses under contract and then flipping those houses to cash buyers. However, just because you are a wholesaler, doesn't mean you can't be a cash buyer too. The key is to know what a property is worth. If you know the After Repair Value of the property, and you know for a fact that there is a substantial profit that could be made by rehabbing that property, then you can close on the house yourself and fix and flip the property. All you would need to do this is access to capital, a private lender or a credit line. Even if you have zero desire to be a rehabber (like many wholesalers) you will not give away your best deals too cheaply if you know what they are worth and you know what you could sell them for. Knowing the ARV is very important. You can also apply this same strategy to close on deals from other wholesalers. The key is that you need to position yourself to be the ideal cash buyer. The way you do this is by being very specific on what it is that you are looking for, and when they bring you a deal that meets these parameters then close on the deal and make sure they get paid. Next time they get a deal you will be their first phone call. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses Tap this link https://Dealulator.com to download a free copy of my 1 page contract I’ve used since to 2003.Follow me on Instagram https://instagram.com/askflipmanTwitter: https://twitter.com/AskFlipManTicTok @askflipmanLinkedIn: https://linkedin.com/in/theflipman/Facebook Page: https://www.facebook.com/flipman.netJoin private Facebook Group: https://www.facebook.com/groups/wholesalingrealestate

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses Tap this link https://Dealulator.com to download a free copy of my 1 page contract I’ve used since to 2003.Follow me on Instagram https://instagram.com/askflipmanTwitter: https://twitter.com/AskFlipManTicTok @askflipmanLinkedIn: https://linkedin.com/in/theflipman/Facebook Page: https://www.facebook.com/flipman.netJoin private Facebook Group: https://www.facebook.com/groups/wholesalingrealestate

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses

Knowing how to calculate ARV (your After Repair Value) will be the difference in your Real Estate Investing career. It will help you understand a good deal vs a time waster. In this video I’ll show you the ARV formula and how to FIND cash buyers with http://Dealulator.com. It’s a common mistake amongst beginners. Don’t let this happen to you. Let’s get it!Tap this link http://Dealulator.com to Build a Cash Buyers List, Calculate ARV for a 5 Day Free TrialWant a FREE Copy of the contract I've used since 2003?Text the word CONTRACT to 833-439-9632Need the Closing Detail Sheet I send to title companies and closing attorneys to explain how I get paidText CLOSE to 833-439-9632 to Get a Free Copy of My Closing Detail SheetGet Your Questions Answered every Thursday on my LIVE FlippinarsText FLIPPINAR to 833-439-9632 --~-- --~-- --~--Connect with the Community:+Facebook: https://www.facebook.com/flipman.net/+Twitter: https://twitter.com/theflipman#cashbuyers #investmentproperty #wholesalinghouses

Part of the role of an acquisitions manager is to have the patience and wisdom of a researcher and the charisma and confidence of a negotiator. Their tasks mainly revolve around fieldwork, settling, and elections to purchase short and long-term lease agreements that meet your business’ goals. Suffice to say, hiring the right acquisitions manager is critical to making sure each contract signed will translate to your company’s earnings. Today, Don introduces his Acquisitions Manager, Ruben, to answer a few questions from our fans on Facebook. Ruben shares his professional background, how he began working as an acquisitions manager, and some of the projects he’s collaborated on so far. He explains how to prepare for an appointment with a new lead and shares key tools and equipment an acquisitions manager should always have access to. He also describes the importance of not just establishing a relationship with the client, but to also make sure you don’t let the momentum grow cold.     “You can't control a lot of things, but what you can control is how you go into that appointment, how you react, and how you raise questions.” - Ruben     This Week on FlipTalk’s Rookie Play Book: How to prepare for an appointment. What is the After Repair Value and why is it important? The tools and equipment to bring for an appointment. The importance of establishing rapport and doing a follow-up as soon as possible. What to do with the appointment if you don't get the contract. His advice for new acquisitions managers.   Resources Mentioned: Never Split The Difference book by Chris Voss Start with No book by Jim Camp John Martinez Rate, Review, Learn and Share   Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don’t forget to tune into our other shows: FlipTalk’s Rookie Play Book and FlipTalk’s REI Round Table. Share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.   Join the community of FlipTalk fans on Facebook  and visit our website for even more content, information, and resources about real estate investing.  

This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast. On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price. On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate). On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

This podcast episode follows up on the Wholesaling Real Estate Podcasts Parts 1, 2 and 3. Please make sure you listen to those 3 episodes before listening to this podcast. On the previous podcast I spoke about making your first offer, knowing how much to offer, and how your exit strategy is important when determining your offer price. On this podcast episode I talk about constructing and submitting your offer. Remember that submitting your offer assumes that you know what the After Repair Value is, and how much it will cost to repair the house. You cannot determine an offer price if you don't know the ARV and what it would cost to fix the house (repair estimate). On this episode, I talk about the type of purchase contract you should use and why you want to use a "wholesaling contract" for direct to seller purchases and a standard contract for bank owned properties. I also talk about inspection periods, deposits, cancelling your contract and how important those numbers can be if it comes to wanting to cancel your contract. There is a lot of meat and potatoes on this podcast episode for new wholesalers. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

This is part three of the How To Get Started Wholesaling Real Estate Series. Please make sure you listen to Wholesaling Real Estate Part One and Part Two before you listen to this episode since this podcast builds up on the information contained in the previous two podcast episodes. On episode one, we spoke about how you need to have a property to flip, a cash investor to flip the house to, and the money to fund the deal. On episode two, we spoke about After Repair Value, Estimating what the property is worth, comparable sales and repair estimates. On this episode I talk about making your first offer, submitting bids, knowing how much to offer, exit strategies and why you should get your real estate license. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

This is part three of the How To Get Started Wholesaling Real Estate Series. Please make sure you listen to Wholesaling Real Estate Part One and Part Two before you listen to this episode since this podcast builds up on the information contained in the previous two podcast episodes. On episode one, we spoke about how you need to have a property to flip, a cash investor to flip the house to, and the money to fund the deal. On episode two, we spoke about After Repair Value, Estimating what the property is worth, comparable sales and repair estimates. On this episode I talk about making your first offer, submitting bids, knowing how much to offer, exit strategies and why you should get your real estate license. If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I discuss the importance of understanding full retail value when calculating the After Repair Value. As an investor it is very important for you to understand what a house would sell for once it has been fixed up. In order to know this, you need to understand the difference between full retail price on a property that has been completely remodeled with granite counter tops, nice cabinets and stainless steel appliances versus a house that is at retail price in great condition but occupied by the owners and that has not been remodeled. The difficulty for new investors is understanding how much to offer on a house that is in less than perfect condition. For example, a house that has not been renovated in 20 years and has a tenant living in the house. How much should you offer on that house? Listen to today's episode to learn how buying the exact same house can have different exit strategies for different investors depending on whether they are planning on keeping the property as a rental property or fixing and flipping the property for a profit.

On this podcast episode I discuss the importance of understanding full retail value when calculating the After Repair Value. As an investor it is very important for you to understand what a house would sell for once it has been fixed up. In order to know this, you need to understand the difference between full retail price on a property that has been completely remodeled with granite counter tops, nice cabinets and stainless steel appliances versus a house that is at retail price in great condition but occupied by the owners and that has not been remodeled. The difficulty for new investors is understanding how much to offer on a house that is in less than perfect condition. For example, a house that has not been renovated in 20 years and has a tenant living in the house. How much should you offer on that house? Listen to today's episode to learn how buying the exact same house can have different exit strategies for different investors depending on whether they are planning on keeping the property as a rental property or fixing and flipping the property for a profit.

Steven and Erin WilliamsToday we are visited by my brother, Steven Williams who I've been mentoring with his house flipping business. This is a “fly on the wall” look at a coaching call where we're talking about his approach during the first couple weeks of his real estate investing journey. We talk about how to approach his deals, we analyze some properties he's looking at and review first steps Steven can take to “fail forward fast” and make progress.Have any questions for Steven or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Win 1,000 Yellow Letters!Our yellow letter contest is still going strong! Answer the question “This is why I became a real estate investor” or “This is why I want to become a real estate investor” in the comments for episode 27 and Michael Quarles from yellowletters.com will give 1,000 Yellow Letters to the person with the best answer. The winner will be decided at the end of Tuesday, February 18, 2014. The best answer will be the one where Michael can really “taste” your hunger to improve their life through real estate investing.And for anyone who leaves a comment Michael will also give you free business cards to help your business!Click here to enter!Show NotesIn this episode we cover:Steven's background and journey before getting started with real estateSteven's current plan to grow his house flipping business by taking massive actionThe actions and approaches that Steven has made since going “full time” with real estate investingJustin's suggestions on how Steven can approach the first batch of potential propertiesAn analysis of the first house Steven is looking at and some possible optionsThe importance of helping your real estate agent understand the reasons behind your offersHow to seek out comps and what to look for to determine your ARVA look at the costs associated with buying and selling propertiesTweetable QuotesClick a quote to tweet it!“The more uncomfortable you are, the more money you make” ~ Steven Williams“Most agents don't understand After Repair Value at all” ~ Justin Williams“Call them all, build relationships and find the value” ~ Justin Williams“Joining the offer club is a big step” ~ Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 28Links and ResourcesZillow.comSteven's Email: stevew2003@gmail.comSee me live in Irvine, CA!I will be speaking at the Orange County Real Estate Forum in Irvine, California, this Wednesday, February 12, 2014 at 7:00 PM. I hope to see you there! Visit www.ocreforum.com for more information.Join the Mastermind Webinar!Plus, don't forget we will have another House Flipping Webinar on Thursday, February 13, 2014. Click on this link to sign up! houseflippinghq.com/webinar.Rap LyricsHere are the lyrics for the intro rap from today's episode:It’s a one for the money, and the show is twothree to get ready with house flipping hqDon’t call it a comeback, or he’ll mash you upHe’s been flipping these houses like a spatulaAll across the southland, and now in to your headHFHQ is on the inter webYou think you know how to flip from watching DIY?You better self correct because he’s a heck of a guyJ to the U to the S to the T I NListen close cuz I won’t say it againGet your dose of the flip and you’ll come back in timefrom the blog to the pod to the mastermindit’s your one stop shop to drop the flipping bomb.House Flipping HQ dot com!Give Mark a shout-out in the show notes! Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: See page for author [Public domain], via Wikimedia CommonsThe post HFHQ 28: Behind the Scenes of a Coaching Call with Steven Williams appeared first on House Flipping HQ. See acast.com/privacy for privacy and opt-out information.

Ron Siegel is joined by Holly McKhann of Norco CA for a live radio broadcast from Anaheim CA to discuss:Mortgage Minute:  Borrowers Deemed Less Healthy in Q3 as Prices and LTVs RiseReal Time Real Estate: Analysts Say Double-Digit Appreciation Will Come to an End by 2014Your Credit Matter: September Sees Drop in New Private Mortgage Insurance ObamaCare web site delivers SC Attorney information to NC applicant.  Be aware of hacking HHS web site has no system to report a security breach Young Avoid New Health Plans What to do when you are turned down for a loan Do you really offer 8-10% secured return on investments? Can I be an investor? The security level on Trust Deeds makes them approved for Retirement Funds and College Savings Plans What is After Repair Value and can I borrow against that? How can home investors afford to pay 8-10% interest Featured Guests Holly McKhann – Star Legacy Homes Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron at 800.306.1990 Ron@RonSiegelRadio.com www.RonSiegelRadio.com www.Facebook.com/RonSiegelRadio www.SiegelLendingTeam.com Twitter: @RonSiegel