BTM143: Top 2020 Real Estate Investing Strategies (Debunked & Explained)

What are the top strategies that new real estate investors should look into this new decade:

Flipping?

Rental properties?

Apartments?

Wholesaling?

Or creative strategies like Owner Financing?

Subject-to?

or maybe even a tenant buyer strategy or two?

On today’s episode, not only will we take a deep dive into each of these strategies but we’ll discuss what’s working in 2020 and how to select a vehicle based on your goals, experience, resources and timeline.

This is a fun filled jam packed episode that is going to expand your thinking when it comes to risk and no money down strategies in real estate as well as serving sellers and buyers as an investor while still making massive profits.

Key Points From This Episode:

  • What the Motivated Seller Method (MSM) is and how to implement it today
  • How to profitably overpay for properties
  • How to get a deal done with any seller in any market
  • Massive profit exit strategies for your investments
  • The idea of serving
  • How Daray navigated through these strategies in the past 4 years
  • Another way to use OPM (Other People’s Money)
  • How to structure 3 large paydays for every deal
  • Cash Flow vs. Lump Sum Cash and how to get both simultaneously

Links Mentioned in Today’s Episode:

Motivated Seller Method (MSM)

BTM139: Cultivating Your Tribe of Millionaires with David Osborn

On today’s show we have on the author of Wealth Can’t Wait, Miracle Morning Millionaires and the new Tribe of Mentors as well as the founder of the sixth largest brokerage in the world, David Osborn.

Asking WHAT is missing in your life won’t get you far, but asking WHO is missing is a game-changer. Tune in to this episode for a better understanding on how to cultivate your tribe of millionaires.

Key Points From This Episode:

  • Why David wrote ‘Wealth Can’t Wait’
  • A directive to attend your 1st Tony Robbins conference
  • How to harmonize with the vibration of success
  • Why masterminds are so effective
  • A vicious cycle vs. a virtuous cycle
  • Winning the morning to win the day
  • David’s miracle morning routine and 2020 goals
  • Why everything changed when David met Pat Hiban
  • The 6 Effects of an Abundant Life

 

Links Mentioned in Today’s Episode:

David’s Website

Recommended Book:

As A Man Thinketh

Think and Grow Rich

Listen to these books for free with Audible!

Lifestyle Design App:

Google Drive

BTM Newbies Guide

Before The Millions Mastermind

BTM 78: How To Scale Without Losing Your Mind with Tim Bratz

Tim Bratz is the CEO and founder of CLE Turnkey Real Estate, a real estate investment company that acquires and transforms distressed commercial and apartment buildings into high-performance investment assets. Tim began his real estate career in 2007 as a commercial broker in the competitive NYC real estate market, where he saw the true potential of real estate to transform lives. Working in real estate, Tim has learned how to build a passive business and create a residual income that allows him to live the lifestyle of his choice.

 

On today’s episode, we talk to Tim Bratz about how you can build a business around your ideal lifestyle. Tim breakdowns how he went from being a real estate broker to owning a 300+ real estate portfolio in Ohio, SC, GA, FL, and TX. You’ll learn why you should focus your energy on the faithful vs. fearful “what-ifs” when investing in real estate. Lastly, we discuss how you can build up your track record as an investor quickly and the 2 things you need when raising private capital for real estate investments.

 

Key Points From This Episode:

  • The story of how Tim used a $15K credit card to buy his first house at 23 years old
  • Tim’s journey from flipping houses to owning a $90 Million real estate portfolio by the age of 33
  • How you can leverage real estate to develop passive & residual income that allows you to do what you want, when you want, wherever you want
  • Why you don’t need 100% ownership on big deals and how to leverage other people’s time & money to scale your investing efforts

 

Links Mentioned in Today’s Episode

Tim’s Website: https://cleturnkey.com/

About Tim Bratz: https://invite.commercialempire.com/millions

Tim’s Favorite Book: 12 Pillars by Jim Rohn https://amzn.to/2R7OqBP

Tim’s Favorite Lifestyle App: VRBO is the easiest way to plan, search, and book your next trip. https://www.vrbo.com/mobile

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book 

 

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BTM 77: How To Create Your Personally Tailored Business Strategy With Mitch Stephen

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. Mitch’s company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. Mitch has recently been named one of the Top 9 RE Investors to follow on Twitter. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses & Notes with little to NO Discount, and helping others deal with the everyday throws of life in business.

 

On today’s episode, Mitch talks with us about how he earned a first-class degree in entrepreneurship from the streets and why it’s important to understand the difference between working on vs. working in your business. Mitch shares his story of becoming an accidental real estate investor after buying his first condo purchase and how he ended up getting paid to live for free. You’ll learn what owner financing is and the # 1 difference between making a good living vs. earning millions in passive income. 

 

Key Points From This Episode:

  • How you can make offers on real estate deals by becoming a professional deal finder
  • Why Investing in Mentoring Can Propel Your Real Estate Investments
  • How Mitch brought 62 houses (profited $500K down payments) and created a cash-flow of $32K/month 
  • The story of Mitch paying his wife 1-year salary ($36K) in 1 month and got her to quit her 9-5
  • Why being a wholesale/flipper will not get you long-term wealth for you and your family (what to do instead)

 

Links Mentioned in Today’s Episode

Mitch’s Website: http://1000houses.com/

Mitch’s Favorite Books:

Forever Cash https://amzn.to/2CRrJPk

Doing Business with GOD: https://amzn.to/2Erawhg

Think and Grow Rich https://amzn.to/2CLzRkp

Nothing Down https://amzn.to/2NIi7HF

Self-made in America https://amzn.to/2NJRaDB 

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book 

 

Access The Best Strategies, Tips & Advice !

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community

 

BTM 70: Buy, Fix and Flip Your Way To Financial Freedom with Javier Hinojo

Javier Hinojo is the owner of IQ REI, a family-controlled real estate company that buys, manages, repairs, and sells homes in the Raleigh, Durham, and Chapel Hill, NC area. He has extensive experience working with foreclosed properties, land development, lease options, and land contracts. Javier offers the kind of business that prides itself on having a quick response rate, professional experience, and simplified solutions that make clients’ lives easier. Javier has been married for 19 years and have 5 children with 3 still living at home. He has always been an entrepreneur (owning a few businesses, been bankrupt twice, day trader Forex, and more). Javier started investing two years ago and completed over 28 fix and flips and is on track do to over 50 by next summer. He is looking forward to investing into rentals, multi-family, and development deals in the near future.

 

Today, Javier talks to us about his journey from joining the military to becoming an real estate entrepreneur. Growing up, Javier always had an entrepreneurial spirit as a child seeing his parents run a locksmith business. He shares his story of attending a weekend seminar with a friend which opened his eyes to the possibilities in real estate. He realized that the buy, fix and flip business model was the best way to get started (the market was great, quick cash, also knew that fix and flip is still a job and doesn’t provide not residual income). He believes that the longer you go without doing your first deal, the closer you get to never doing one. You’ll hear about the lessons learned and experience using a hard money lender to finance Javier’s first deal. He also shares why investing in a coach is never a waste of money when getting started. Lastly, we wrap up the episode with a funny story about the “Wear Pants No Hands” video when Javier was looking to expand his team and why it’s importance to work with people who can think outside the box.

 

Key Points From This Episode:

  • How Javier incorporated his family into his fix and flip real estate business
  • The story of how Javier got interested in real estate by attending a weekend seminar
  • The concept of fixing and flipping and how the process works in real estate
  • Breakdown of what a wholesaler is, the benefits and how you can get started doing this today
  • The story of how Javier got into his first deal with little to no money and made $17K profit
  • Why you must have the right mindset when deciding to become a real estate investor
  • Hard Money Lender Financing: how to analyze and the process of getting a lender for your deals
  • What deed-to-deed is when doing fix and flip deals in real estate
  • Story of how Javier learned about the importance of cash flow and the story of his lowest point of his life (house payment was due, no money in the bank, and asking his kids for their Christmas money to help pay the bills) and what he did next to change his life for the better
  • Why investing in mentorship and coaching is never a waste of money
  • How taxes work in fix and flip deals and why you have to be creative with your money as an entrepreneur
  • Javier shares his story of showing the “Wear Pants No Hands” video to find the right team members

 

Links Mentioned in Today’s Episode

Javier’s Website: http://www.iqrei.com/

Wear Pants No Hands Video

Download any 2 audio books for free when you try audible for 30 days.: https://beforethemillions.com/book 

Javier’s Favorite Lifestyle Design App: Trello: Keeps track of everything, from the big picture to the minute details. https://trello.com/

 

Access The Best Strategies, Tips & Advice !

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community