Everyone knows that you kill a business by cutting off their credit/finance. Once the credit is cut off, we are all in trouble.

 

Or, ARE we?

 

Did you hear the lending markets just explode/implode in on the investor market?  What felt like overnight (within mere weeks,) the traditional funding faucet was virtually turned off. Lenders across the country are pumping the brakes on loans for investment properties due to COVID19-related closures, job losses, and resulting economic uncertainty.

 

What does this mean for folks who rely on that normally steady stream of capital for investment real estate funding? The existing and would-be landlords? The fix-and-flippers? The fix-and-holders? The short answer: Without credit or funding, investing in properties becomes problematic. Therefore, MAKING money becomes much tougher. 

 

Notice that we said ‘tougher,’ and not ‘impossible?’ There IS another way…

 

Now is the perfect opportunity to create your very own banking system.

 

“What does that even mean,” you may find yourself asking? It means finding PEOPLE, not banks, with money—money that they would be willing to invest. This could be your mom, your best friend, your neighbor, or anyone else who has some extra funds that they want to put to work for their future financial benefit.

 

Don’t allow the banks to socially distance you from your investment income! Learn how to keep your business running steady now and in the future by having a consistent stream of OPM- or Other People’s Money- funding. 

Join us for our next weekly Webinar, where we’ll be going over market updates and the basics of how to transition your lending stream from traditional lenders to OPM funds, all while keeping it legal, keeping it safe, and keeping it honest for you AND your funding partners!

 

Get signed up here >>>>

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Buying a Duplex – What NOT To Do

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Whether you’re getting ready to invest in your first rental units, or you’ve been renting for years, it’s always a good idea to learn from other people’s mistakes. In this video, Chandler David Smith tells us about the lessons he’s learned and what NOT to do as an investor. Check it out!

Ready to start investing? Need some guidance? Then contact our team. We’re ready to show you how to invest and invest right!

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BRRRR Property Walk-Through

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Interested in succeeding as a BRRRR investor? Then check out this video! Matt Faircloth from Bigger Pockets gives us a tour of a property he invested in, and talks about numbers, lessons, and tips. Check it out!

Ready to tackle the BRRRR method and invest in your first property? Our team is here to guide you through the process and help you reach your investment goals. Contact us today.

 

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How do you find good deals? Well, that’s what this video from Bigger Pockets discusses. In this video, you’ll learn about the top 10 strategies for finding great real estate investment deals, even in a competitive market.

What are you waiting for? Now’s the time to find a great deal and start investing. Need help? No worries. Our team is here and ready to coach you through the process.

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Thursday Tip: The 1 Percent Rule

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Have you heard of the 1% Rule? Yes? No? Either way, check out this video from Matt McKeever about why you need to know about this real estate investment strategy.

 

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One of the best ways to make the most on your investments is to find wholesale deals. But, how do you do that? Well, here are 5 tips from REIClub.com. Check them out!

Ready to learn more? Visit our Investor Tools page, or contact us today!

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How do you analyze an investment property before you invest in it? Well, check out this walk-through from Bigger Pockets. It offers excellent tips on evaluating a property in order to sell (or rent) it for top dollar.

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Check out this real life example of BRRRR (Buy, Renovate, Rent, Refinance, Repeat). Matt McKeever offers an excellent illustration of the popular investment strategy.

Ready to give the BRRRR method a try, but need help with your financing? No worries. Contact us to figure out your financial path and take advantage of our 2-Step Loan Program.

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Wholesalers: 4 Ways to Find Them

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How do I find wholesalers?

This is a key question many real estate investors ask…and it’s a great question to ask! A key part of the BRRRR method (buy, renovate, rent, refinance, repeat) includes finding and buying under market properties. Although there are many ways to go about buying under market properties, one of the best is via wholesalers.

Who are wholesalers? 

Simply put, they’re companies whose sole focus is finding undervalued properties, negotiating the sale, and offering them to real estate investors like yourself. Most of the houses that wholesalers find do not have the margins for traditional fix and flips. However, they work great for rental investments.

Wholesalers have two basic rules of thumb when selling their properties. The buyer must:

  1. Purchase it as is.
  2. Purchase it quick.

They will not wait around for appraisals, inspections, and loan approvals. If you want one of their properties, you have to be able to close fast. (Check out our Quick to Buy, Quick to Refi Strategy to learn how you can close your deals fast.)

Where do I find wholesalers?

One of the biggest hiccups investors experience when it comes to wholesalers is finding them. So, we’ve listed out 4 simple methods to try out:

Finding wholesalers is key to capturing free equity.

  1. Search Google for “wholesale properties” or “buy my house.” Most wholesalers are advertising to buy properties AND sell them quickly to investors.
  2. Search Google for “investor carrot” in your local area. This is the #1 website template for wholesalers.
  3. Check in with “Ugly Homes.” They buy and sell a lot.
  4. Call your local realtor office and ask who is working with investors.

Buying under market properties is key to capturing free equity and multiplying your cash flow. So, what are you waiting for? Learn more about rental investments and how to get the most bang for your buck by contacting us or downloading one of our free investor tools!

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Whether you’re just starting to flip houses or you’ve become an old pro, it never hurts to read about other people’s experiences and learn about tricks of the trade.

We’ve all seen those “reality” shows on TV, where they showcase a house flipper who makes a ton of mistakes, yet somehow still manages to turn a profit. It makes for nice TV, but it certainly isn’t part of any reality I’ve ever experienced.

Check out this post from Mindy Jensen on Bigger Pockets. She offers 11 expert tips on flipping homes, from beginning to end.

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