Today, we’re going to be talking about paying yourself. A lot of you may have started your LLC and paid yourself through your LLC, which is a significant first step. But what you may not have done is elect for S Corp recognition in dealing…
If you’re trying to get into real estate investing without putting up any cash of your own, Wholesale Real Estate investing could be a good option for you. If you find that finding distressed properties and motivated sellers and buyers make you nervous, then a…
Shifting trends in housing market and the needs of potential home buyers, are leading to changes in the real estate industry. These have been studied, analyzed and questioned in all aspects of the real estate transactions that we see today. As real estate has become…
Wholesaling can be a profitable way of making money in real estate, however, it is not a sure thing. Many marketers and real estate investors think wholesaling real estate is easy, but it takes effort and some cash. You have to spend a bit of…
Podcasting is one of the most efficient ways to get free education on any subject. Download these podcasts to find out how you can become a more successful real estate investor. Every real estate investor needs to know how to get the most from their…
Self-storage properties offer high profit potential with a relatively low overhead compared to other commercial real estate assets. Investors should understand how the self-storage industry works, though. A small to mid-size self-storage business can be nearly self-sustaining, with only part-time management. Since tenants are not…
In terms of your real estate business, the number of deals you make and your sales are good measures for your success. You should be able to get more deals done in less time so you aren’t resorting to shady deals or shortcuts. It’s a…
Real estate wholesale contracts are agreements between a wholesaler and a seller who wish to sell the property in question. A wholesaler essentially sets up a game that other people can play. Once you have located a potential deal, you need to get the rights…
How to be successful? This is a question many of us have asked and if we really want to answer it, we would have to formulate a proper definition on what it means to be successful and the path we want to take in order…
Buying property for sale in a wholesale market is always challenging. To be successful, you need to get a good view of what is being sold, and you need to have a clear sense of the marketplace, as well as a good understanding of the…
A wholesaler buys a home, usually one that’s distressed, for resale, and then sells it on to potential buyers. The property is sold to a third party without the need of buying the property first. The goal of wholesaling is to sell a property to…
Even though investing in real estate can seem overwhelming at times, that’s just a part of what makes it so fun. If you’re looking to grow a real estate portfolio and build wealth over the long term, here are a few tips to get you…
This is the amount of money that’s generated from your home, or the amount of money you’d make from the property if it was rented out. You can tell if the property earned income by the number of months, quarters or years that the property…
A hard money loan is a loan that is secured by the borrower’s property. The borrower can use his or her own home as collateral for a hard money loan. Hard money loans are usually used by consumers with bad credit histories who hard money…
When you start out, you may not be thinking of owning multiple businesses. That can happen, however, if your business is a great success and you have a strong management team behind it. Multitasking is necessary to be successful in running many businesses. Your business…
Lead conversion is the process of converting leads into paying customers. It is known as the process of attracting customers and generating leads through various promotional strategies. Businesses generally employ a multi-faceted marketing strategy. They use different strategies such as content marketing, social media marketing,…
Forming a real estate partnership is the best way to launch your business in the market. You want to make sure that your partner is the right person for the job. Partnering with the right person can bring your business to new heights. The best…
How to find buyer listing in many ways such as paid advertising, or social media advertising, is a way to advertise a product or service in a forum or network that you are not a member of. It may be worthwhile to leave your computer…
Your prospects probably won’t remember exactly what you say, but they’ll remember how you made them feel. That’s why you must always be very careful in choosing your words, phrases and everything you’ll use during your sales process — especially when you’re closing the sale….
Creative financing is sometimes an unconventional method used by real estate investors who buy land or property. Such creative financing strategies are aimed at making it easier for an investor to buy property or real estate with less money. An investor can buy more properties…
Most people have that nagging thought in the back of their minds that they should have finished college. While it may be hard to see yourself as one of those kids who had a brilliant idea at age 18 and started his or her own…
You can purchase properties for as little as 1% down, with zero percent financing and no banks or lenders involved. This means that you can buy your house at almost any price in any market, no matter how bad it is. People who are new…
Those wondering how to start a real estate business should be cautioned that owning a real estate company is no easy feat. Just like starting a business in any other industry, entrepreneurs should log countless hours conducting research and craft a meticulous business plan before…
In essence, the agent will turn their own perception of their lives into a testable hypothesis. The agent will begin to form a theory about how they behave in certain situations. This hypothesis is their self-description as a person. Personal Growth and Development Growth of…
1. Overcome Cash Constraints Your company requires a healthy investment in order to grow. If you’ve got the right funding, you may be able to bring your business to new heights. A growing number of businesses are using alternative financing options to finance their growth…
This economic slump is not the end of the world for housing market, as most experts believe that another slump is likely to occur within the next five years. He made a 50-50 prediction that the next recession will begin in 2012. Despite a global…
Investing in commercial real estate is a high-risk, high reward venture. It offers investors both short and long-term strategies to earn a profit. One strategy for quick profits is flipping properties. Flipping property involves buying low priced investment properties, making improvements to the property and…
It is almost impossible to find an agent who doesn’t have some sort of social media presence these days. Whether it’s a website, blog, or Facebook page, any agent who’s looking to survive in this competitive business has to be on social media. Tips for…
These days, most people hear the term “real estate investing” and automatically associate it with flipping houses. Sure, flipping properties has been a good option for some people, but the truth is that most people just don’t have the time or skill to be successful…
Cold calling is a technique in which a salesperson contacts individuals who have not previously expressed interest in the offered products or services. Salespeople typically use cold calling to find new customers, generate sales leads, or find referrals from prospects. The first step for cold…
Every one of us hopes and dreams of being financially free. That is why we hustle and grind every day to reach that goal. Some invest their money in mutual funds with the help of financial advisors. Some want to play safe, placing it in…
A property is considered an Airbnb investment when either part or all of the property is rented out on Airbnb after purchase. When you invest in AirBnB rentals, it can be a good idea to make sure you are investing in a place that would…
A building automation system (BAS) uses interlinked networks of software and hardware to monitor and control a building’s mechanical and electrical systems. A BAS is an essential part of any commercial building, providing operational efficiencies to save costs and increase comfort for the occupants. Building…
Ryan Zolin is a real estate investor with over $400,000 in annual income who has never had a “real” job. He started out by investing in real estate at the age of 18 and by the time he was 26 he had earned his first…
“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison Jason Lewis started flipping houses at the beginning of 2012. My first flip was a small 1,500 sq. ft. bungalow which he…
Wholesalers are real estate investors who find discounted properties and turn them around for a profit. It is a more steady and predictable way to make money as it provides a consistent stream of income. Wholesalers have to have either money or be connected to…
Many people don’t know that there are other private money lenders than banks and mortgage brokers. There are asset based, real estate private lenders who, by law, must be paid back even if the borrower declares bankruptcy. These non-bank mortgage lenders or private individuals that…
Many of us tend to celebrate the closings, the cashier’s checks, the large wires, and the bank deposits. You see it all the time on Instagram. You are posting this big check for $25,000, which is fantastic. I mean, that’s why we started and got…
Increasing your business’s monthly cash flow may seem like a big undertaking. However, you might be surprised at how simple shifts in how business is performed can have significant impacts down the line in increasing and maintaining cash flow. Keeping Track of Your Cash Flow:…
How To Be Your Own Banker Infinite banking is what happens when someone takes it upon themselves to become their own banker. This type of system begins with one’s own money being deposited into a self-directed retirement fund, which is designed so that the owner…
I want to talk about the importance of consistency. It’s not a sexy topic, but it’s what separates the winners from everybody else. If you’re watching my podcasts, one of our consistent messages is consistency. Consitency = Champions Everyone’s always talking about massive action, massive…
Flipping houses is a business that can help you find your financial independence. Find a House You Want to Flip Search for houses using websites like Zillow, Trulia, or the MLS. The more foreclosures and short sales you visit, the better chance you have of…
Free From What Makes You Binge? Debt-free living means the possibility of saving up for things. It means making sacrifices and resisting impulse purchases. Paying more than you can afford to for an item Can Happy Money help you become credit card debt free? This…
Looking back on our previous podcast guest Jerry Green, we talked about his adversities in life and business and how he overcame and succeeded in those situations and trials without any excuses but with clear thinking and perseverance to move forward in real estate investing….
A Beginner’s Guide to Property Deeds A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer. In it, the seller relinquishes title to his or her property, and all responsibility for what happens with it,…
What is a mentor? Most definitions from the internet state that a mentor influences, guides, and directs an individual in perfecting an interest that both the mentor and mentee have in common. From a business standpoint, they are individuals or experts who influence their personal…
I bet every person you know is into Facebook, Instagram, YouTube, TikTok, and the likes. Social media is everywhere. It’s there to inform, educate, entertain, and influence us for our consumption and real estate investing—a vital tool in achieving and sharing success in the real…
THE ONLY WAY TO BUILD WEALTH IS WITH RENTAL PROPERTIES The focus of this article is to discuss the merits of rental properties, with special attention paid to their use in achieving financial success. Argument: There are two general types of property investments: non-rental and…
You can use other people’s money (OPM) in a number of ways to build your real estate investing business. Use OPM for Deals: The main way to use OPM is by using it as a down payment on a deal. For example, if you wanted…
Failure is probably one of the aspects in life most people are afraid of. But the truth is: everyone has failed and everyone will fail again. Therefore, we should not be afraid of failure but instead see it as a lesson and experience to learn…
The real estate coaching industry is growing at a record pace. The increase in demand has been attributed to the fact that coaching has proven to be a successful and cost-effective way of achieving not only business objectives, but personal transformations as well. A number…
Turnkey Property: Where to Find a Rent-Ready Home A turnkey property is one that is fully rehabbed and rent-ready. All you have to do is quite literally “turn the key” to unlock the front door. Your new tenant can move in today, and there is…
How to Flip a House Introduction:House flipping is when a real estate investor buys houses and then sells them for a profit. In order for a house to be considered a flip, it must be bought with the intention of quickly reselling. Tips: The first…
How to Earn Passive Income by Investing in Real Estate It is hard to create a passive income when it comes to managing your time. This is especially true if you are doing well in school and have a full-time job. It can seem impossible…
Private Money Lending Finding private money is a key for building your wholesale, fix and flip, or buy and hold business. Private money lending is the process of borrowing from a lender that does not have a banking charter. In other words, it is when…
Digital marketing is not only here to stay, it is where most consumers get their information these days. Its influence is only increasing, and that will render other forms of advertising obsolete.
You finally closed that deal. Whew. Go deposit that check and on to the next one, right? Where’s the next one? The pipeline is dry. You’re starting from scratch. Crap. Why Your Leads Run Out It’s hard to build a real estate wholesale business (or…
Just so we’re clear here: real estate is hard work. I don’t care if you’re wholesaling, flipping, buying and holding, or new construction, this business is hard and can be brutal. But it can also be a piece of cake. The Dichotomy of The Business…
Once you have successful systems in place, you make life easier for your employees. They know what to do on a daily basis; there’s no guessing about how to accomplish duties and meet established targets. You can easily determine who is doing their job, and who is not.
You’re trying to sell a property you have under contract, but you can’t get other real estate investors to return your calls. Why? After all, this is a good deal… Why won’t they give you the time of day? Well, why should they answer your…
The good news is that focusing on these key items will make your business grow. They will also make it a more enjoyable place to work. Once you have them built into your routine, good things happen.
So keep dreaming and coming up with the Next Big Thing. Then throw darts at it, have others poke holes in it, blast it with dynamite, search for all the ways it could blow up in your face. Ask yourself, “How does this fit into the rest of my business and my life?”
Sounds like a great idea — start a bunch of businesses, hire people to do the work, and rake in the money. I might have to do that. Only there’s a catch (of course there is): you still have to run them, put out all…
This is where investing in masterminds, investing in training programs, and becoming educated in specific areas can equip you with the tools and strategies to make your business boom.
Tucker organizes his entire business around intent — where they market, the formula they use to select properties, the financing/numbers on a project, his podcasts which have outlasted many others, his mentoring, etc. You can’t walk half-heartedly into real estate investing. You have to be fully committed, or it might drive you crazy enough to be committed.
The most important realization I gained at Collective Genius was the power of relationships. The conversations that came out of the relationships I have developed through my mastermind groups, training sessions, and other seminar events, all the things I have bought and used to build my businesses were what gave me huge wins and value that weekend.
Last month, we held the first annual Closers Olympics. It was an incredible event put on by Keith Everett Jr., Elijah Rubin, Earon Bevans, and Q Quentin Flores. I’d like to extend a big thank you to the major players that made it happen without…
Dave Dey says he can get 70% response rate from his voicemails. If anybody else made this bold claim, I’d dismiss them while shaking my head. But he’s my mentor, so I had to swallow my disbelief and hear him out. Listen to this, because…
In our last video we discussed where to go to find those special three groups of people that will become your “forever fish.” You don’t remember what “forever fish” are? Well you must have skipped over one of those last videos. If I were you…
So in the last video we talked about the 2 questions you should ask every one of your sellers at the closing table. And in the video before that, we discussed the 3 types of people that make great private lenders… Oh you didn’t see…
If you watched my last 2 videos, you’ve no doubt realized that I have a mentor helping me navigate today’s interesting landscape. If you recall, he made it through the 2001 and 2007 recessions. I am so excited about the stuff I’ve been learning and…
After raising capital for decades, my mentor came to some conclusions regarding private money. The first is that 99% of all private lenders will fall into 3 categories, (the 1% is set aside for the anomaly like lottery winners or inheritances) those 3 categories are…
We’ve all heard the saying, “give a man a fish, feed him for a day. Teach a man to fish, feed him for his life.” Well in my book, neither of them, by themselves is a perfect solution. If you give a man a fish,…
We review what happened in Oklahoma last week, and what that potentially means for those in Oklahoma. We also discuss how this might affect the rest of the country as well.
Max and Steve talk about the biggest takeaways from the Skill a Thon event, and what we’re doing with those lessons! Video Replay of Interview with Max Jimenez and Steve Trang Podcast of Interview with Max Jimenez and Steve Trang Start Your Real Estate Disruptors…
