Quick and easy loans online
This episode was streamed as a Facebook live, so our audience pitches in and puts some timely questions to our guests and hosts.
How did Kristen find the wholesaler who brought her the perfect rental property? And how did Rafael shift his strategy when coronavirus hit and flipping no longer looked like such a great idea? Hit play, and get answers to all those questions and more.
Next week, we ll be talking about how to screen and work with tenants in the current environment. Yesterday (quick and easy loans online March 24) Ashley and Felipe took took live listener calls and real-time questions from Real Estate Rookie Facebook group members. How are more experienced investors shifting their big-picture strategy? Those are just FEW of the questions we take on in this fast-paced episode. Let us know in the Real Estate Rookie Facebook group -- and tell us what topics you want us to tackle next week. This are disorienting times for investors of ALL skill levels... So -- we ve got a new (and very fresh) episode for you... On Tuesday, March 17, Ashley and Felipe sat down withJoe Asamoah and Steve Rozenberg to discuss the topic on everyone s mind: the COVID-19 outbreak and its inevitable impact on real estate investors. Think of it as a virtual coaching session with two seasoned, successful investors who have withstood several downturns and lived to tell about it. Joe and Steve have a combined 50 years of experience quick and easy loans online under their belts, so they offer a valuable perspective to younger or less experienced investors -- our fearless co-hosts included -- who haven t yet seen a full real estate cycle.
This episode covers it all -- from the mindset successful investors use to accelerate wealth-building through downswings, to how to get easy loans the shifting competition you re likely to face, to how to whip your finances into shape and secure lines of credit BEFORE you need them.
Plus -- Joe breaks down how renting to Section 8 voucher holders can be a lifeline during a recession (assuming you do a few things exactly right), and Steve shares his tips for designing systems and checklists (he s a pilot after all!
This episode is GOLD for investors on the hunt for their first, second, or third deal in 2020... Stay safe, everyone -- and we ll see you next Wednesday.... Today s guest, Tim Goutos, was right there with you. But after taking a trip abroad to clear his head, Tim narrowed his focus and went ALL OUT in pursuit of his first deal.
Then, after seeing a For Sale By Owner (FSBO) sign, he called the owner on the spot. You ll hear the story in today s episode of the Real Estate Rookie Podcast. We ll cover how to manage fear when making a cold call, how to crunch the numbers using government records, and how to protect yourself against the worst-case scenario.
Plus, if you know anyone who got burned in 2007-08...
He had a close relative who lost out in the last downturn, so he had every reason to stay far away. Instead, Tim learned all he could and formed a more conservative game plan. Captain Tim is a relatable, down-to-earth guy, and you can learn a lot from his approach of looking to get on base rather than hit a home run right away. Tell us what you think of this episode in the Real Estate Rookie Facebook group, and subscribe to the podcast in your favorite podcast app so you won t miss the next show!... In this premiere episode, they share how they powered through their initial hesitation to build a small quick and easy loans online but mighty rental portfolio in less than 3 years time... You ll love their tips for identifying the right market for you, how you can minimize risk by house hacking, and how to leverage your local meetup group to get the scoop on local real estate trends.
Plus, they guide us through their first true BRRRR deal -- sharing lessons from their first experience negotiating directly with a seller, firing a contractor, and finding time to DIY a lot of the renovation while juggling two full-time careers. Lauren and Kyle may seem like sophisticated investors now, but in 2017 they were right where a lot of you are right now. By following their roadmap and adjusting it to your market, you too can build a mini-empire that funds the life you dream about.
Make sure to lend money online subscribe to Real Estate Rookie in your favorite podcast app, and join our Facebook group (just search Real Estate Rookie ) to continue the conversation. Kyle Mack was only a senior in college when he bought his first duplex, house hacked it, and caught the real estate bug.
Kyle talks through how he gained the confidence to take on an 18 unit apartment building, not too long after closing on his first property.
He also talks about the importance of financing, and how it can help you scale. Using financing like hard money, credit cards, and cash to close on properties, Kyle has had to think on his feet to get deals done.
Kyle:So like I said, I was a senior in college and I was actually in the biology program, I wanted to be a doctor. I remember watching the news, it was probably some business news thing, and they were saying how interest rates were so low, they were never going to be this low again, and that if you ever wanted to buy a real estate, now is the time to do it. And I took a step into the water and ended up buying my first duplex. Tony:So I want to ask Kyle, a lot of people hear about real estate is something they should do, they start educating themselves, they never actually take action. I would say the actual timeframe was maybe six months. I think the biggest challenge was coming up with that down payment. Like I said, when I saw that something about the interest rates going up on the news, that was the kick in the butt. And when I focus on something, I really obsess over it. You can talk to people, you can look online quick cash loans nh at Zillow and look at real estate.
It was those couple hard things that I had loans in clarksville tn to sit down and just do. I did one hard thing, let me go onto the quick and easy loans online quick and easy loans online next hard thing.
Once I took that action step, I think things start to kind of fall in place and flow of a little bit better.
So I just want to make sure that I highlighted that. So once I did that, like I said, things started to flow in place and it worked out okay. Ashley:So after you bought your primary, how did you get into investment property moving forward after that? Kyle:Like I mentioned, I was a senior in college, I graduated that spring.
So two months after buying my first property, I graduated. I had no experience other than a duplex, so I actually worked on the weekends as a part-time property leasing agent. I would show the apartments, that was a great foot in the door to just be around real estate, be around people who were doing it, learn some terms. But that was kind of a foot in the door, I learned a lot. And then I got a full-time job as a commercial real estate field researcher. So I was going to commercial properties for kind of like the commercial MLS and gathering data.
And that was helpful because I was in the car 35, 36 hours a week, just driving around town, taking pictures of buildings, just really getting comfortable with the neighborhoods. That was kind of the next step that moved me along. The next job after that, so I worked there for about a year and a half, after that I became a commercial real estate broker and I did commercial only. It was leasing and I did specifically office properties. So that was another big jump that got me forward in the real estate instant payday loans no upfront fees world. But on my investing side, my next purchase was an 18-unit, I bought it on a land contract. I financed that with credit cards, I had pretty good credit. I got about 35,000 in credit cards and quick loans bracket that was my down payment that I gave to this guy and he financed the rest of it for me as a seller finance land contract. A lot happened in the course of two quick and easy loans online or three years. How is it different than just regular seller financing or just purchasing a property? These were the days when I was on the MLS just trying to find any and every opportunity.