Get Rich Education
Get Rich Education
Oct 12, 2020
314: How To Find Your Real Estate Vision and Strategy
43 min

Your goal might be $15K of monthly real estate income and a $3M net worth within twenty years.

To achieve this, I explain why getting trapped in the future is as bad as getting trapped in the past. 

Start early, understand there will be bumps in the road, don’t overanalyze, the worst case scenario almost never occurs, and don’t “time the market”.

Today’s guest offers both rehabbed and new construction rental homes in a thriving market where the numbers work - west Florida. 

If you’re pre-qualified for a mortgage (or paying all-cash), get started buying investment property at: GetRichEducation.com/WestFlorida.

Buying one property, one time won’t change your life.

When you’re young, you’re more likely to want a low-priced rental property with higher cash flow and higher maintenance = existing construction.

When you’re older, you’re more likely to afford a higher-priced rental property with lower cash flow and less maintenance = new construction.

House flippers have spending money; buy-and-hold investors build real wealth.

At its core, it’s simple - rent houses to people.

Resources mentioned:

West Florida Income Property:

GetRichEducation.com/WestFlorida

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

The Wealth Without Wall Street Podcast
The Wealth Without Wall Street Podcast
By Russ Morgan CFP® & Joey Muré
The Accumulation Model vs. The Cash Flow Model with Randy Lawrence
#165: If you’ve been working for 40 years and have put money towards your retirement, are you sure it will last? While spending your money over the remaining years of your life, you wonder: Is this all there is to it?  The accumulation method is a villain. It taught you to scrimp and save until you have a mountain of money, yet in the end, you still worry that it’s going to run out, creating a scarcity mindset. Is there a better way? Let’s hear from a former stockbroker - https://therealestatepreacher.com/podcast/ (The Real Estate Preacher), Randy Lawrence. Today, he teaches us how to transition from accumulating wealth to getting more returns on real estate, finding a way to earn every month while growing your asset, and establishing a cash flow model. Learn the impact of having the financial disciplines like operating within a budget and starting a systematic approach to transforming your current economic model.  “Discipline is what provides freedom.” ~ Randy Lawrence Top 3 Things You'll Learn: How to be reasonably responsible with your income and expenses Understanding what’s the right asset class for you Beginning a systematic approach to transition at a time table that you’re comfortable with   About Randy: Randy Lawrence is a veteran real estate investor having decades of experience with single and multi-family properties and a transformational community leader and church founder. Having started his career as a traditional wealth manager, Randy understands finance and investing strategies in the broadest sense. Ultimately Randy determined that real estate was the ideal investment vehicle for his portfolio. Over sixteen years ago, he began partnering with other investors, to their mutual benefit. Today, Randy oversees a real estate portfolio of close to $105M in multi-family assets and is on track to double these holdings in the next three years.   Resources: - Prosperity Capital Partners: https://pcpre.net/ (https://pcpre.net/) - The Real Estate Preacher Podcast: https://therealestatepreacher.com/podcast/ (https://therealestatepreacher.com/podcast/)   Connect with Randy: - Facebook: https://web.facebook.com/TheRealEstatePreacher/ (https://web.facebook.com/TheRealEstatePreacher/) - Linkedin: https://www.linkedin.com/in/randylawrence1/ (https://www.linkedin.com/in/randylawrence1/)
36 min
Master Passive Income Real Estate Investing in Rental Property
Master Passive Income Real Estate Investing in Rental Property
Dustin Heiner
Investor Coaching: How not to be house poor the right way and become wealthy with real estate investing
I was TOTALLY house poor when I bought my first property to live in. It was horrible having so much of my money going to my mortgage. Being house poor sets you WAY back. This is how you get out of it and become house wealthy. Get the Free Real Estate Investing Course: https://www.masterpassiveincome.com/freecoursep Join the Real Estate Wealth Builders Investor Membership https://www.masterpassiveincome.com/buildersp My Website: https://masterpassiveincome.com // WHAT TO WATCH NEXT How to Become Successfully Unemployed: https://youtu.be/wx5Ke9KVs58 Get Money For Investing in Real Estate: https://youtu.be/u4IY5UMDkrI How to Start Investing In Real Estate: https://youtu.be/fJVOeSgXZRQ How to Analyze a Real Estate Investing Deal in 5 Seconds: https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business: https://youtu.be/B9RzLkAZI9s How to Use Owner Financing to Make Loads of Money: https://youtu.be/qAOpCOWvj6Q //BEST REAL ESTATE INVESTING RESOURCE LINKS Find Off Market Properties: https://masterpassiveincome.com/propertysearch Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Accurate Rental Rates: https://masterpassiveincome.com/rentometer Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ Join our free private Facebook group! https://masterpassiveincome.com/group NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
8 min
Real Estate & Financial Independence Podcast
Real Estate & Financial Independence Podcast
Chad Coach Carson
#142 - How Two Friends Used a Partnership to Successfully Begin Investing in Real Estate
Episode #142 - Two friends, Cory Jacobson and Ryan Bevilacqua, decided to partner up to invest in real estate. In this episode, they share why they partnered up, how they divide tasks, and what steps they plan to take so that the partnership will last. If you've ever considered partnering to invest in real estate, this will be a great episode. Companion article: https://www.coachcarson.com/partnership-real-estate-investing/ Follow the Ryan & Cory of the Weekly Juice Podcast: - https://theweeklyjuice.simplecast.com/ - https://www.instagram.com/weeklyjuicepod/ 🤑BLACK FRIDAY / CYBER MONDAY SALE👨‍🏫 Get all of my available online courses for 40% OFF from Black Friday (11/27) to Cyber Monday (11/23/20). Use code "SALE2020" at checkout for the discount at https://www.coachcarson.com/courses-podcast __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson
1 hr 6 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 242: The Systems to Scale Your Syndication Business – With Jorge Abreu
What is the key to scaling a real estate investing business? Growing your investor database? Raising more and more capital for deals? Putting together and training a capable team? Yes, all of those things are absolutely necessary. And they all require that you build out systems. Systems that allow the business to run on its own. Jorge Abreu is the Cofounder and CEO of Elevate Commercial Investment Group, a Dallas real estate firm focused on the acquisition of value-add multifamily assets. In his 15-year career, Jorge has flipped 200-plus houses, wholesaled another 100 properties and done $8M in ground-up construction. Since his introduction to multifamily four years ago, Jorge has built a portfolio of 1,700 units worth $125M. On this episode of Apartment Building Investing, Jorge joins cohost Garrett Lynch and I to share the challenges of scaling a single family investing business and discuss what inspired his transition to apartment buildings. He weighs in on the value of networking (online and in-person) to forge new partnerships and build a solid team. Listen in for insight on building systems to grow your business and learn why Jorge recommends skipping single family and getting right into multifamily investing! Key Takeaways What inspired Jorge’s interest in real estate * Research of successful individuals * Entrepreneurial role models in family The challenges of scaling a single family business * Difficult to find reliable contractor for flips * Creating systems to delegate work How Jorge started over in Dallas after 2008 * Network every day, go to every event * Build team and find partnerships The value of finding a good partnership * Division of roles affords time freedom * One partner as visionary, one as executor The benefits of multifamily investing * Build generational wealth * Branch out into other companies How Jorge attracts and retains team members * Make sure everyone happy * Check in re: expectations When to bring property management in house * Implement own systems (control) * More appropriate with scale Why Jorge runs his own construction company * Helped scale single family business * Confident taking on any heavy lift Jorge’s insight on raising capital for multifamily * Invest passively to get feel for business * Market to build database of investors What Jorge does to market his syndications * Build platform, daily posts on social * Funnel with email marketing follow up How Jorge manages his investor lists * Speak to new investors asap * Strategic messaging to match goals What’s next for Jorge and the Elevate team * Explore new partnerships * Fine tune system for evaluating deals What Jorge would tell his younger self * Build out systems early on * Go straight to large multifamily Connect with Jorge Abreu Elevate Commercial Investment Group Email jorge@elevatecig.com Resources Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Garrett at Nighthawk Equity National Real Estate Investors Association Traction: Get a Grip on Your Business by Gino Wickman ActiveCampaign Deal Maker Live The Deal Maker’s Mastermind Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
43 min
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