May 12, 2021

Exactly How To Get Started Wholesaling Real Estate with Ed Hayes

In this post, we will review an Exactly How podcast conversation between Edward Hayes — the “Wholesale Coach” — and Connected Investors’ Shaun Young about how to get started wholesaling real estate. The two discuss how Ed Hayes began his journey in wholesaling. They also discuss how he now aids others in expanding their wholesaling businesses and compounding their success. Together, Hayes and Young describe the five steps beginners must take to establish themselves within the real estate wholesaling industry.

Follow below for more information about what it takes to get started in wholesaling real estate. We will also provide a few tried and true tips from Ed Hayes.Get Started Wholesaling Real Estate

Meeting “Wholesale Coach” Ed Hayes

A Chicago native and Las Vegas transplant, Hayes grew up in a large family. This family encouraged his competitive spirit — an attitude which has partially propelled him to success. Before wholesaling real estate, Hayes worked as a CNA — certified nursing assistant — and was thus used to odd hours and an intense daily grind. It was this competitive spirit combined with his willingness to throw himself into a difficult, time-consuming job that helped him succeed at wholesaling. According to his website’s “About” section, Edward Hayes teaches “people how to scale their wholesale real estate businesses to 6-figures and beyond…[and] how to sell other people’s homes without a license or ever owning them.” Hayes began wholesaling real estate only five years ago in 2016 and — after navigating around a few roadblocks — “found some success early on.” After developing a strategy that worked well for him, Hayes started coaching people. He did so “with the hopes of helping real estate professionals take their businesses to the next level.”

Helping Others Learn How to Wholesale Profitably

In the years following his initial foray into wholesaling, Hayes has created “an entire platform.” He designed the platform “to make wholesaling easier than ever for anyone who wants to learn.” As “The Wholesale Coach,” Hayes offers a number of “tools of the trade” courses to help people get started in wholesaling real estate. Others are intended to help practiced wholesalers hone their craft in a changing market. In addition to his work as an instructor and a wholesaler, Hayes is also a published author. He published You’re Only One Deal Away: A Roadmap To Build And Scale Your Wholesale Real Estate Business in 2019. Reviewers describe the text as “straight to the point, full of great tips and general knowledge.” They also appreciated “that [the book’s tone] didn’t feel like [a] guru was pushing their agenda.” In addition to his courses and his book, Edward Hayes has also developed a number of step-by-step scripts for those entering the wholesaling arena. Hayes discusses these scripts — particularly his “Cash Buyer” script in conversation with Shaun Young throughout this episode of the Exactly How Podcast.

The Exactly How Team Answers “How Do I Get Started in Wholesaling Real Estate?”

This article will dive into Shaun Young’s interview with Ed Hayes and outline the steps one must follow to succeed in the wholesaling industry. First, however, we will address a few frequently asked questions about wholesaling real estate. First, we will discuss what exactly wholesaling real estate is, if the process is worth-while and what beginners should expect when starting out.

What is Wholesaling Real Estate?

The Connected Investors article “Wholesaling Houses Step by Step: The Path to Profits” explains what wholesalers actually do. According to the article, real estate wholesalers are those who “find great deals on properties and place them under contract.” Afterwards, they “sell/assign the rights to the contract to a qualified end buyer – usually a real estate investor.” The article continues on to note that “most active real estate investors are busy managing fix and flip projects or rental property management.” Because of this “[there is] a big demand for wholesale properties and the services of a real estate wholesaler.” Troy Segal explains further in his article “What is the Goal of Real Estate Wholesaling?” from Investopedia. He writes that “unlike flipping, a real estate wholesaler doesn’t do any renovations or additions, and carry no costs.” Those considering getting into wholesaling real estate should understand that wholesaling real estate and wholesaling retail are not at all comparable. In reality, they have little in common with one another.

How Retail and Real Estate Wholesaling Differ

Segal writes that “in retail, the wholesaler sells…goods to a retailer, who repackages and sells it to consumers at a much higher price.” However, “real estate wholesaling doesn’t involve the sale of multiple properties at lower prices at all.” Rather, the goal of real estate wholesaling is to “sell the home to an interested party before the contract with the original homeowner closes.” The wholesaler is able to make a profit when he or she finds “a buyer willing to purchase the home.” The buyer must purchase “at a price higher than the amount agreed upon by the buyer.” It is this difference in price that results in profit for the wholesaler. Securing a wholesale deal is lower-risk than if one were to purchase the property out-right. This is because the wholesaler is simply an intermediary. As such, wholesaling is a relatively safe option for those just dipping their toes in the real estate pool.

Is Wholesaling Real Estate Worth It?

DC Fawcett notes the benefits of wholesaling in his article “Five Things To Know About Real Estate Wholesaling” for Forbes. DC Fawcett — a member of the Forbes Real Estate Council — explains that wholesaling real estate is indeed worth it for most. It is often a worthwhile investment of time and energy because it does not have a steep learning curve. Furthermore, it requires little up-front financial investment. Fawcett writes that “other investing strategies often require some form of investment and training.” Wholesaling, on the other hand, “can be very simple to learn and is a great way to start your journey.”
Because “all you need to start a wholesale retail business is a network of buyers and sellers,” wholesaling is a great option. It is particularly fitting for those hoping to work mostly remotely. Profits gleaned from wholesaling real estate are also realized quickly. They often forgo the “long waiting periods” of those involved in construction projects, fix and flips and other real estate investing endeavors. The only foreseeable issue Fawcett notes wholesalers might encounter and struggle with is the fast pace of the wholesale market.

4 Steps to Get Started in Wholesaling Real Estate from Ed Hayes

Step #1 Establish an Online and Offline Presence

According to Ed Hayes, “the first thing” new real estate wholesalers should do is “go out and try to establish a presence.” Many wholesalers will establish their businesses completely online, which allows them to work far outside their home’s geographic region. However, establishing a presence both online and offline will make you appear more knowledgeable, practiced and present in the market. This exposure will “be attractive to buyers and sellers.” Hayes notes that setting up a website, creating social media accounts, commenting on authoritative forums and participating in virtual round tables are all vital. They ensure that “when people go and look you up online…there are things there that people want to see.” 

Hayes explains that all of these accounts — websites, social media accounts and other ways in which you appear online — should be professional. He says that wholesalers never want to create a disconnect whereby prospective investors “go to your Facebook profile and see Call of Duty videos.” Prospective connections and/or partners should be able to immediately see that you are serious. They should be able to tell that you are reliable and that “you’re actually in wholesaling or that you’re in real estate in general.”

Step #2 Conduct Targeted Market Research into Real Estate Investing in Your Area

Hayes describes the second step in successfully starting a real estate wholesale business as conducting targeted market research. This step feeds into the third step of building relationships. Ed Hayes explains that “once you establish that presence online and offline, you [should] go out and start to do some target market research.” This research should flush out “where buyers are actually buying in your area…[and] how many homes are actually selling in these areas.” Hayes notes that finding out as much unadulterated information as possible about the area in which you hope to wholesale is vital.
During this period, wholesalers should go through the properties currently listed on the free market. Unlike in typical real estate marketing, these properties likely will not be found on the MLS. Rather, they might be found in “places like Facebook marketplace and Facebook groups, as well as Craigslist.” Wholesalers can also check out “what other wholesalers are trying to market [and] what other agents have that might be off market.” This type of information can help lead further inquiries.

Step #3 Build Relationships with Investors and Others Who Wholesale Real Estate

Thirdly, Hayes recommends that beginner wholesalers establish relationships with investors in the areas in which they want to wholesale properties. Hayes notes that wholesalers can network and create new connections much in the ways real estate agents and other investors do. They can “implement marketing strategies to bring people in such as cold calling, texting, uh, bandit signs, flyers.” Ed Hayes explains that “everything works” so wholesalers should pursue marketing and networking strategies that “work for your budget, your time, your schedule.” 

One FREE way to build relationships with other real estate members is to join the Connected Investors community! Not only will you be able to make connections with investors, but you’ll also have access to free education and training! Tap Here to sign up or log in!

Step #4 Become a Problem Solver

By step four, wholesalers will have networked, conducted targeted market research and made themselves visible on and offline to prospective investors and sellers. After this, wholesalers should find ways to “provide value to the market.” In order to add value and establish a long-lasting career in wholesaling, wholesalers must be genuine. They should express true care and concern in their interactions with buyers, sellers, partners and investors. Ed Hayes notes that “you have to genuinely care about people and genuinely be trying to give them value” in order to succeed. Wholesalers must make sure they establish trust rather than simply focusing on the bottom line. Sellers and investors can often tell when wholesalers are “just thinking about them as a potential $10,000 come up.” They can tell when wholesalers are not treating them “as someone who genuinely needs your help.” Hayes explains that — in a nutshell — “the only way that [wholesalers] can earn [their] money is providing service and actually giving value to people.”

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Tap Here to download Ed Hayes’s Cash Buyers Script that he references during the podcast!

Transcript

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Speaker 1 (00:00):

On this episode of the, Exactly How podcasts and YouTube show we uncover exactly how to get started in wholesaling real estate.

Speaker 2 (00:08):

You’re listening to the Exactly How podcast, where you’ll hear the underground, closely guarded wealth building secrets of successful people around the globe, discover exactly how to improve your mental, physical, and financial health. Feel better, make more money live, give, and prosper in today’s exciting, fast paced world, build with opportunity for those who know exactly how

Speaker 1 (00:36):

Exactly How podcasts and YouTube show brought to you by Connected Investors. Now, during this episode, you’ll discover exactly how to get started in wholesaling real estate. Now, for those of you who are new, my name is Shaun Young, today’s host and proud member of the Connected Investors community. Now, before I introduce you to our incredible guest speaker today, I want to make a request that if at any point in the show you like what you’re hearing, please give us a thumbs up or subscribe to the show so that you don’t miss an episode and make sure to look in the description of this episode, as we’ve packed it with thousands of dollars in free resources, not today, we have the privilege to learn from someone who became financially free from wholesaling. Now, prior to his career in real estate, he managed to taco bell, but all that changed when he quit his job as a CNA had no choice, but to learn how to wholesale to feed his family and make it happen. I would describe our next guest as dedicated. I like to give a warm welcome to the one, the only Edward Hayes. Hey ed, thanks for being a guest on today’s show.

Speaker 3 (01:42):

Hey, thanks for having me. Thanks for having me, Shaun. I really, really appreciate the opportunity.

Speaker 1 (01:47):

Absolutely, absolutely. Now, Edward, can you tell our audience a little bit about where you’re from? You know, what market you’re in and just a little bit about yourself?

Speaker 3 (01:55):

Yeah, absolutely. So, you know, my name’s Edward Hayes, you know, a lot of people may know me as the wholesale coach. I have a YouTube channel. Um, you know, I’m originally from Chicago. I was born and raised like in the suburbs of Chicago, out in Harvey and Mark them for all of my Chicago winds out there. Um, and now I’ve recently moved out to Las Vegas at the end of may and now, so, you know, I’m out here is it’s been a long journey. I’ve been wholesaling since 2016. Um, you know, I’ve started my YouTube channel a couple of years ago. So, you know, just glad to be out here, providing some, some, some value for the community,

Speaker 1 (02:32):

Got a sauce. I mess up. Definitely glad to have you on today’s show. Now guys, before we dive into exactly how to get started in wholesaling, ed USA, you contribute a lot of your success to your competitive spirit, you know, can you tell our listeners why that is?

Speaker 3 (02:47):

Well, you know, like I grew up in a, in a very competitive family. Um, you know, I’ve got a lot of siblings, I’ve got seven siblings, I’m the youngest of eight, pretty much siblings all or whatever. So, you know, when, when I was growing up, you know, my me and my brothers and my sisters would, you know, compete with everything, we would play video games and whatever. And like, I just want it to win so bad. So like that’s a part of, um, it just kind of became a part of me. Let’s just put it like that. You know, I spent a lot of time. Um, well let me just, let me just say, like, you know, I spent a lot of time, you know, in my life competing in general and now, you know, uh, you know, that competitive spirit from, from growing up, I guess it kinda, it kind of fuels me still let’s put it like that. I want to be the best at everything that I touch. I don’t want to just be kind of middle of the pack or mediocre with anything. I strive to be the absolute best at everything because I want to win. I want to be first place at everything. So, absolutely.

Speaker 1 (03:46):

Wow. So Edward man, you come from a large family and, uh, so it sounds like just having, you know, competition’s over basic things like maybe video games or, you know, who could run the fastest, you know, that kind of instilled a little bit of that spirit as well. Am I right?

Speaker 3 (04:00):

Yeah, absolutely. Man, absolutely. You know, you go run up with a bunch of brothers and sisters and whatnot. It’s like, I don’t know. I think, I think you grow a lot from that man. Like you, you gain a lot from, from being around a lot of mature people all the time, you know? And it’s like, you know, you’re the youngest out of everyone in the entire family. So I got to see a lot of things that maybe a lot of other people didn’t get to see as well. So yeah, definitely a blessing

Speaker 1 (04:25):

Sounds like it. Well guys, what makes the Exactly How Financial Freedom Podcast and YouTube show unique is that each and every show comes with a detailed action plan. We pull the steps out of the show, create a blueprint on exactly how to implement what we’re covering. Plus you get to see our free training right now, text the word exactly to (910) 600-0630. To see for yourself. Now you guys can find properties in any town for pennies on the dollar with this software that I use each and every day, all you have to do is visit connectedinvestors.com/free to get the key takeaways and the resources and access to the free cash buyer script. Now, can you tell us a little bit more about this cash buyer script Edward?

Speaker 3 (05:12):

Yeah, absolutely. So, you know, for me personally, when it comes to getting started in wholesaling, you know, I see a lot of people out here who teach people a lot of times to just go out and talk to homeowners before they actually, you know, have investors, right? So you’re reaching out to homeowners and you’re telling them, Hey, I’m going to buy your property. Or, you know, my investors are going to buy your property, but a lot of times people are teaching it, but they don’t actually have the [inaudible]. So they’re teaching people to kind of go out there and, you know, essentially deceive people. So, you know, it’s, it’s a thin line there. Let’s put it like that. So this cash buyer scripts allowed this cash buyer script allows you to be able to, you know, actually build up a, with cash buyers in advance. So, you know, they know who you are, you know who they are. And realistically, now you can maybe expect that person to come to the table with the check. So, you know, when it comes to the script, you know, I like to, to have people utilize that script in advance. So build up that relationship, have the buyer’s criteria down packed, and then you’re just going out there and getting your investors what they’re looking for. So it just smooths out the process and it makes the, the overall process of getting these deals a lot faster.

Speaker 1 (06:32):

Absolutely. I would, I would agree with you 100%. Um, we’ve talked about that in the past, uh, on episodes where, you know, basically it’s, it’s like going out there and providing someone their order. They come in there, they’ve come to you to say, Hey Edward, you know, I want a Turkey sandwich with lettuce and tomatoes and Mayo, and you go out there and, and get them that sandwich. And you know, when you’re doing it that way, guys, it makes it much easier than trying to make a Turkey sandwich with lettuce, tomato, Mayo, and trying to offer it to people who, who might only want a peanut butter and jelly sandwich.

Speaker 3 (07:02):

Absolutely. Absolutely. And that’s, that’s kinda like my whole thing because every, you know, you see a lot of people who may say, well, if it’s a good deal, then someone will buy. It will, what’s a good deal is it’s going to vary. It’s extremely subjective. You know, John May only buy single families in a fluent neighborhoods where Bob only buys, you know, multi-families in kind of like the hood type areas. So, you know, it’s very subjective.

Speaker 1 (07:30):

Absolutely, absolutely. Now guys, as nearly a million people know connect and investors is a social network of real estate investors. And it’s a marketplace of investment properties. Now in the description of this video, I’ve included a link to this episodes form discussion. Now, ed let’s dive into the steps needed to get started in real estate wholesaling.

Speaker 3 (07:52):

Yeah. So to get started, typically what I’m teaching my, my coaching clients, the first thing that they want to do is go out and try to establish a presence online and offline. That’s going to be attractive to buyers and sellers, right? So, you know, it’s not, if it’s when people go and look you up online, you want to make sure that there’s things there that people want to see. You don’t want it to be a disconnect. You don’t want them to go to your Facebook profile and see call of duty videos and real Housewives of Atlanta. You want it to be obvious that they’re actually, that you’re actually in wholesaling or that you’re in real estate in general. Right? So once you’ve established a presence online and offline, there’s a lot of, uh, little micro things that I recommend such as websites, business cards and things of that nature.

Speaker 3 (08:38):

But I’ll have you all here all day if I went into everything. So I’ll kind of give you the cliff notes. So once you establish that, that presence online and offline, then I recommend people go out and start to do some target market research. We want to find out where buyers are actually buying in our area. So like, I’ll start off with like my area. And then I’ll establish a radius about one hour to about a half hour and a half radius from where I am. I want to see how many homes are actually selling in these areas. All right. So men lie, women lie numbers don’t lie. So once we know how many homes are actually selling in these areas, then we can go out there and try to establish relationships with investors in these areas to find out what they want. Right? So I’ve got a ton of different strategies on how to actually come across these buyers. And now you all have access to that scripts. So whereas you can actually have these conversations with the buyers. So once you have

Speaker 4 (09:34):

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Speaker 3 (09:49):

So once you have the conversation with them, then it’s just about getting out there and getting these investors some inventory at that point. So what I recommend first is go out and see what’s already available on the quote unquote or from market, right? So I like to go to places like Facebook marketplace and Facebook groups, as well as Craigslist and see what’s available already. What are other wholesalers trying to market right now? What do agents have that may be off market or their pocket listings and things of that nature. And then from there, uh, you know, once I gather up those properties, I’m going to shoot those off to some investors right away, because I want to have inventory. I want to be kind of like the Amazon of the wholesaling game. So you want to be needed on both ends of the spectrum, where the buyers need you to get access to all of the inventory, but also other wholesalers and agents also need you because you have access to all the buyers.

Speaker 3 (10:44):

So there’s a, there’s a method to my madness out here. Yeah. You know, so, um, you know, and then once you, once you’ve started to establish some relationships with other whole sellers, then obviously we can’t run our entire business off of JV deals. So we’re going to go out there and start implementing other marketing strategies to bring people in such as cold calling, texting, abandoned signs, flyers, there’s a ton of different things that you can use. And honestly, everything works. So it’s really about asking yourself about like, what really works for your budget, your time, your schedule, things like that. What are you comfortable with? What are you really good at already ask yourself those questions because everything works. And now once you’ve, you know, you’re putting out that marketing, you start having these conversations and it’s really about providing value to the market. We want to be out here helping sell this.

Speaker 3 (11:30):

We actually want to, you have to genuinely care about people and genuinely be trying to give them value. Let’s put it like that. So when you’re calling people make sure that you’re not just thinking about them as like a potential $10,000 come up, but you see them as someone who genuinely needs your help. You know, that’s Ms. Johnson down the street, she may have, you know, a disease or, you know, Corona may be hating her hard and she desperately needs help right now. So see them as someone that you can actually service because that’s the only way that we can get paid out here. One of my favorite quotes is from Earl Nightingale. He says that the only people that make money working in emits the rest of us have to earn our money. Right? So, so the only way that we can earn our money is providing service and actually giving value to people.

Speaker 3 (12:14):

So that’s pretty much the game in a nutshell, but like once you’ve actually connected, some people who want to sell and then like you you’ve got your buyers already. So then you’re just, you know, connecting the dots. You know, you let John know that you’ve got the property and then, you know, you get the paperwork signed and you, you take it up to the closing company, to the title company or whatever. And it’s, it’s, it’s as simple as that pretty much, but it’s, it’s pretty much just getting two documents signed essentially, but making sure that we’re doing it with a sense of purpose and actually trying to give value to people,

Speaker 1 (12:48):

Man, that is great. I really like how you emphasized and really kept emphasize on the fact that you’re trying to help people, um, w we’re in this industry to help people, um, right now, um, at wholesaling as a whole, it, it ha you kind of get mixed reactions when you, when you say the word wholesaler or people say, Oh, you wholesale. And that’s because there’s some folks out here that aren’t doing what you just said, which is trying to solve people’s problems. They’re only trying to make money. And, and that that’s two different approaches. And I’m telling you guys, um, a scarcity mentality or, or an employer employee mentality would be, let’s just chase the money because who knows if it’s gonna keep coming. However, if you have an entrepreneurial or a long view, a long, a long vision on what you guys are doing, what Edward said makes total sense, which is try to solve problems.

Speaker 1 (13:41):

Not only is that going to make you feel better at the end of the day, this person’s going to remember you for solving a problem, not for being somebody who just, you know, came in and kind of took advantage of a situation for them or made them feel like, you know, they didn’t count. They didn’t really matter. You would just, you know, they were just another house in your, you know, in your pool of houses when you guys give people, uh, that one-on-one time, they really do appreciate it. So Edward man, thanks for really saying that our industry is, uh, is definitely in need of, of, of that kind of mentality and mind frame to keep things going.

Speaker 3 (14:15):

Absolutely. You know, and I, you know, there are laws being established around the nation most recently, Philadelphia, where there, um, you know, establishing laws, making it harder for a wholesalers to wholesale or, you know, establishment where people have to give license, get licenses and things of that nature. So, and I’m not necessarily against the notion, but I always say that we kinda need to regulate ourselves from within everything that I talk about is based in honesty and integrity, we don’t have to lie and to see people and manipulate people to actually get these deals. We can just actually genuinely try, give value to people. But like, after, like I’m personally a licensed agent out in Illinois now, and, you know, I realized after taking the classes, there are a lot of lines that we make cross as wholesalers that we don’t really realize because, you know, we don’t actually have to get certifications or licenses and things of that nature. So I’m not necessarily against the idea of us being regulated. But I do think it’s important that we do things in general that we regulate ourselves from within. So then when, when we do, when there is legislation going to be pushed, then maybe we can get a seat at the table if we’re already regulating ourselves.

Speaker 1 (15:31):

Absolutely. Absolutely. And guys, and that takes, uh, you know, operating from a place of integrity. So guys out there listening to guys and gals help us out. All right. So, so now that, that was great, great stuff. I really like how you broke that down. Is there anything else that you think is important for someone to know, you know, when getting started with wholesale that you hadn’t already covered?

Speaker 3 (15:56):

Yes, absolutely. In fact, I think that it’s something that comes to mind when you asked me that question. This is probably the most important thing when it comes to building a business or doing anything that you really set your mind to, and that’s, it’s going to take some work, right? It’s, it’s going to be a grind out here. It’s this like wholesaling is definitely not get rich quick. And anybody that tells you, so is trying to sell you a dream. Okay. Take my word for it. So it’s like, if you comment, it’s a wholesale and I say, be in it for the long haul, be in it for the long haul and be willing to do whatever it takes. As long as you don’t have to sacrifice your dignity in the process, as long as you don’t have to, you know, do people in or try to treat people wrongly to, to get where you’re trying to go do everything that it takes, especially if you’re listening to this and you’re working a job right now, if you’re willing to go out there and give another man or a woman, you know, eight hours, 12 hours of your life, make sure that you come home and still give some time to your dreams.

Speaker 3 (16:57):

If your dreams are to be able to get some discount properties via wholesaling, right? Like that’s what you look to do. Like, don’t think that it’s just going to be overnight. Really know that it’s going to take some work, but it’s worth it. You know, thing like, I’m blessed to be able to say that I’m free, thanks to wholesale that like, you know, I’m financially free. I don’t have to go into someone’s job right now and it’s always going to be there. So, so it’s something that like, once you learn this skill, it’s kind of like riding a bike, you can always get back on. So yeah. I hope that that helps. Yeah.

Speaker 1 (17:26):

And absolutely great stuff, man. I love it. And, and I agree with you a hundred percent on everything you just said. Now, as far listeners out there, as a reminder, if at any point in the show, you like what you’re hearing, like the stuff that’s going on right now, make sure to give us a thumbs up, subscribe to the show so that you don’t miss an episode. It’s your engagement that drives us to keep this, doing this for the community free. Now, ed, if people out there want to get ahold of you, you know, w what’s the best way for them to reach you or find you out there.

Speaker 3 (17:56):

Yeah. Yeah. Great question. So, you know, I would recommend people go check out my YouTube channel. You can just search in Hayes, the wholesale coach, or just the wholesale coach or just ed Hayes. I’m pretty sure that I’ll be popping up if you do any of those searches. Um, and I can shoot you over a link as well. Um, so you all can check that out. It’s also, I recommend, you know, check me out on Facebook. You can join my Facebook group. Um, it’s called wholesale deals and strategies. We have a lot of conversations inside of there. If you have questions and things of that nature, you can post them inside of the group.

Speaker 1 (18:31):

That is awesome. Great, great stuff, guys, make sure you head over there and check it all out. Subscribe become part of what he’s got going. Guys. Trust me. He’s a good guy. Very good friend of mine and I can vouch for him. So, um, Edward, let me ask you, you know, what do you think your life would be like if, if you never started real estate?

Speaker 3 (18:51):

And that’s a, that’s a great question. Honestly. I think that I definitely wouldn’t be where I am right now. You know, like I would, I would probably have just continued down the kind of nine to five grind. Like w before I started wholesaling, I was working as a CNA certified nursing assistant. So I was waking up at five o’clock in the morning having to go white butts pretty much like, like, you know, like, I know that sounds crazy, but like, that was literally my job. I used to really, you know, be kind of miserable sometimes just thinking about like, Oh man, you know, like I got to go into this job and be doing this. So I think I would likely still be doing that. I’ve always been an entrepreneur at heart and I had tried this thing and that thing and this business and that business and all selling ones, really the thing that kind of stopped for me real estate in general, really? What was really what stuck for me. So I’m blessed to have real estate right now. If I wasn’t, I would probably still be working in like a kitchen somewhere or like in someone’s nursing home right now. It’s crazy,

Speaker 1 (19:52):

Man. That is great. Great stuff. Great, great stuff, Edward, man, I want to thank you so much for being a guest on today’s show. But lastly, before we call this a day, we’ve got one more part of the show that’s called the rapid fire session. Well, I’m going to ask you a series of questions and you answer them as fast as you can. And just say the first thing that comes to mind, are you ready? Let’s get it. I’m ready. Let’s do it brother. Let’s do it. All right. On a scale of one to 10, how strict were your parents Get up early or stay up late?

Speaker 3 (20:27):

Get up early.

Speaker 1 (20:28):

How many hours of sleep do you get?

Speaker 3 (20:31):

Usually around six to seven.

Speaker 1 (20:34):

Okay. Favorite or last book read

Speaker 3 (20:38):

The magic of thinking big, which is in the background of, of my video is one of my favorites. But the last one that I’ve read, one that I’m reading now is called

Speaker 1 (20:48):

A 12 months to a million. Awesome. Awesome. If you could be any superhero, who would it be? Superman, something everyone should do less of talking more action. Something everyone should do more of less talking like that. It got it. Bitcoin bang or bust bang. I’m invested. Okay. Well, people live on Mars in your lifetime. Hopefully that’s definitely. That would be great, man. Well, that, that does it, man. I really do appreciate it. I really, really want to thank you for being a guest on today’s show and for our audience out there, who, who followed along with us and stuck with us to the end. Because as you know, most people don’t start what they finished. So you guys are special out there. And if you got any value out of today’s show, please share this with your friend or on your Facebook page. Like this video, subscribe to our channel and send us topics that you want to learn more about. And like I said earlier, guys, nearly a million people use the Connected Investors, social network and marketplace to connect. Now in the description of this episode is included a link to this episodes, form discussion. Tap that link. Ask me another pros questions and see what investors are saying about this very episode. So guys, until the next episode, you can catch me on the inside of connecting investors. See you on the inside. Bye.

Speaker 5 (22:27):

The Connected Investors app connects you with investors notifies you of available properties, helps locate cash buyers get secure private funding to close deals, set up in seconds to become a member of the Connected Investors social network. Now you can scroll through your main feed to find cash buyers, see investment properties, not available to the general public and network with investors by adding your own comments to a thread, to keep the conversation going. The control center is your connection to add properties, to sell, start new discussions, connect with local investors and even find private funding. The notifications tab will keep you alerted to new investment properties and offers. You’ll also find new friend requests to connect directly with the community to build your network from the property marketplace. You’ll be able to find favorite and make offers on investment properties. Download Connected Investors today to find, figure, fund, and flip investment properties on the go

Speaker 1 (24:05):

[inaudible].

 

About The CEO

About The CEO

Ross Hamilton is the CEO of Connectedinvestors.com an investment property marketplace and social network for real estate investors with close to a million members. Several years ago Ross launched a private funding portal (CiX.com) that disrupted the entire industry. His portal facilitates over 3 Billion in funding A MONTH.

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Connected Investors

Real estate investing professionals from around the world turn to Connected Investors for innovative resources and timely local information about the business. Known for its cutting-edge technology, social network and in-depth educational opportunities Connected Investors is the industry’s leading source of real estate investing information.

The post Exactly How To Get Started Wholesaling Real Estate with Ed Hayes appeared first on Connected Investors Blog.



* This article was originally published here

Rookie Podcast 77: CPA Answers Depreciation, House-Hacking, and Rookie Tax Questions

Amanda Han is a familiar face to the BiggerPockets audience. She’s been featured on the BiggerPockets podcasts before and has written multiple books published by BiggerPockets (The Book on Tax […]

* This article was originally published here

May 11, 2021

I Inherited a House, What To Do? – Should I Rent or Sell in Las Vegas?

First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?

Tons of options open for you, but…

… we can help.

We’re seasoned investors in Las Vegas real estate, and we’re looking to buy several houses each month in the Las Vegas Nevada area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here’s a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.

4) Selling a property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy Las Vegas houses for cash, as-is.

5) If the market will continue to grow faster than your other options, hang on to the investment.

We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action.

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.

7) Consider all your options.

In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Las Vegas investment experience can help you win.

8) Compare a few scenarios.

We’ll help you determine prices for any property near Las Vegas – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).

Just call us today at (888) 825-8295 or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!



* This article was originally published here

May 9, 2021

BiggerPockets Podcast 467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing […]

* This article was originally published here

May 8, 2021

466: Buying “Lottery Ticket” Investment Properties with Alan Corey


Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!

Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.

His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.

His new book House FIRE teaches you everything you need to know about retiring early with real estate!

In This Episode We Cover:

  • Chasing financial independence and early retirement with real estate
  • Taking on good debt so you can grow you real estate portfolio faster
  • Thinking of each property you buy as a “lottery ticket”
  • Alan’s books: A Million Bucks By 30 and House FIRE
  • The danger of high-interest consumer debt (like credit card debt)
  • Seller financing and zero cash-flow triple net leases
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show466



* This article was originally published here

3 Ways RjRebel Real Estate Investments LLC Can Help You Sell Your Home in Las Vegas

RjRebel Real Estate Investments LLC is a new method of buying and selling real estate, serving both buyers and sellers as a hybrid real estate brokerage. The experts at RjRebel Real Estate Investments LLC are professional investors and licensed professional real estate agents. Through this unique approach, RjRebel Real Estate Investments LLC can meet any challenges sellers face. Read on to learn about three of the ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas.

Traditional MLS Listings

While there are more expenses in this home sales method, and there is no way that RjRebel Real Estate Investments LLC  can guarantee a closing date, the extra profit is well worth the effort. Depending on the circumstances you may be facing, working with a real estate agent may be the best option for you, and our agents at RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas on the MLS. For those with properties that are market-ready and have the time, finances, and interest in going through the standard listing process, RjRebel Real Estate Investments LLC uses the most up-to-date tools and technology to market your property and bring buyers to your door. 

Direct Sale

For those who do not care for going through the prep work, arranging their schedules around showings, or having strangers touring their property, a direct sale to RjRebel Real Estate Investments LLC offers a quick and easy alternative, much like trading in a vehicle. These sellers exchange profit for convenience. We offer fast closings and pay in cash, meaning there is no need to worry about your home’s condition, prepping, or making repairs. Those sellers who can neither afford the time, costs, nor the stress of a traditional listing have the alternative of a direct sell to our professional investors at RjRebel Real Estate Investments LLC. As professional investors, we don’t charge commissions. And we have no hidden fees, clearly explaining how we reach our offer. Our agents will take the time to work with you, ensuring this is the best plan to suit your particular situation and make a fair agreement. RjRebel Real Estate Investments LLC uses easy-to-understand contracts. Direct sales to our professional investor agents are another one of the ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas. 

Alternative Options

One of the alternatives to a traditional sale of a home is working with buyers who need a little time to get their finances in order. RjRebel Real Estate Investments LLC we can help facilitate a rent-to-own agreement. This selling method opens your home to a new pool of potential buyers with much less competition. While there is the disadvantage of waiting a few years for the closing, rent-to-own agreements have advantages for you as the titleholder. You can also set a higher sales price and monthly rental fee, with some of the payment going towards the buyer’s down. Because you are risking a jump in the market, that may have meant you would have gained more selling outright at that time. At the same time, the renters are also making your mortgage payments and maintaining your home. Most agreements include the buyers being responsible for repairs and upkeep on the property. If they fail to qualify for the purchase at the end of the agreed-upon term, you will keep all deposits and payments towards the down payment. ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas

At RjRebel Real Estate Investments LLC, our job is to help you resolve your problems. When you work with RjRebel Real Estate Investments LLC, we will explain every step of the process, helping you feel confident about your decisions. Why not learn about more of the ways RjRebel Real Estate Investments LLC can help you sell your home in Las Vegas? RjRebel Real Estate Investments LLC is happy to answer any questions you may have without any obligation. Send us a message or call RjRebel Real Estate Investments LLC at (888) 825-8295 today!



* This article was originally published here

May 6, 2021

4 Ways to Handle Excessive Tenant Complaints About Your Las Vegas Investment Property

As a landlord, you want to develop a relationship with your tenants, enabling them to feel free to come to you with complaints or problems. Begin every relationship with your tenants by completing thorough background checks and taking the time to reach out to former landlords and references on the application. In a perfect world, this should help you avoid serious conflict between yourself and your tenants. 

However, tenants with chips on their shoulders can reach the level of overkill in every relationship in their life. Regrettably, they may begin with you. They may focus on continually complaining to you personally about their unit, other residents, or the complex as a whole. Should you find yourself in such a predicament, just remember you are not the first landlord to face such a negative experience with their tenants. 

By examining the subject of unreasonable tenants in advance, consider yourself forewarned and take steps to arm yourself as best as possible against the possibility. We will discuss four ways you can handle excessive tenant complaints about your Las Vegas investment property.

Responsibilities

Ensure you know your lease well and clearly outline the responsibilities as a tenant and your own as the landlord. Otherwise, an annoying tenant may constantly be calling your emergency line for a replacement lightbulb. Screening your calls giving top priority to emergencies is entirely acceptable. It is advisable to document all complaints along with your response to each. Suppose an issue should escalate and force you to take legal action against a nuisance tenant as a last resort. In that case, you will have documentation showing their harassment of you and that you performed due diligence in your duties.

Compromise

Stop right now and take a deep breath. It might be time to approach your tenant and find out what is going on. Are they facing new financial circumstances and possibly going about trying to get out of the lease in the wrong manner? The first step to compromise with an upset tenant is through opening a channel for communications. Try reaching out if they understand that you are willing to work with them within reason and talk. Suppose you can not come to a mutual understanding to resolve what is bothering them. In that case, you could set out in writing which complaints you will acknowledge as being legitimate and what complaints about your Las Vegas investment property that you will ignore moving forward.

End the Misery

Do not renew your lease with a troublesome tenant if possible, being mindful always not to act from resentment or infringe on any federal guidelines governing tenants. Depending on your situation, it may be worth the vacancy and turnover expenses to alleviate yourself of this nightmare tenant. You could handle their excessive complaints about your Las Vegas investment property by offering an early opt-out option for the lease. If that is not of interest to your problem tenant, perhaps offering them, a move-out-credit could entice them to leave. You may want to provide enough in your offer to cover their moving expenses to another location nearby.

Direct Sale

Selling your house directly to RjRebel Real Estate Investments LLC is the best way to handle excessive tenant complaints about your Las Vegas investment property. If there is no end in sight to the constant onslaught of problems and demands, RjRebel Real Estate Investments LLC is here to help. RjRebel Real Estate Investments LLC pays in cash, meaning we close in a matter of days or weeks. RjRebel Real Estate Investments LLC handles everything, bypassing all the red tape and time-consuming processes with a traditional sale. Had enough of hearing complaints? Why not make your headaches go away by contacting RjRebel Real Estate Investments LLC at (888) 825-8295.



* This article was originally published here

BiggerPockets Podcast 466: Buying “Lottery Ticket” Investment Properties with Alan Corey

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. […]

* This article was originally published here

May 5, 2021

Help, I’m Behind in My Mortgage Payments in Las Vegas – RjRebel Real Estate Investments LLC

I’m Behind in My Mortgage Payments
Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure

When you fall behind on your mortgage payments on your Las Vegas home, it can feel like you’re drowning in debt.

Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge.

There are a few options that can help you to avoid foreclosure in Las Vegas and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in Las Vegas have been lost to foreclosure, but there are many ways to avoid it.

Help, I’m Behind in My Mortgage Payments in Las Vegas! 5 Things You Can Do To Help Your Situation

1. Bankruptcy:

This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford.

2. Reaffirm:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making Home Affordable (MFA):

If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders choose to participate in MFA.

With MFA, your payments and/or interest rates might be lowered – even the principal balance (if your home is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.

MFA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money – you gotta work for it.

4. Negotiate with your bank:

Lots of lenders routinely offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your payment.

Most of the time, lenders will want to steer you to refinance your loan – but by the time you’re a few payments behind, you probably don’t qualify for a reduction in interest rate.

You have to work really hard to negotiate with a bank. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they’ll be willing to add a few months of payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your house at a foreclosure auction, they’ll take a huge loss.

That sounds obvious, but for some reason, bankers seem to forget it when saying no to someone in need of help.

5. Borrow money from a private investor:

If you’re behind on your payments and need to sell fast, we can help.

In certain circumstances, we may even be able to help you stay in your home.

We work with homeowners in Las Vegas to find solutions to foreclosure problems.

We’ll let you know how we can help.

Give us a call now at (888) 825-8295 or
fill out the form on this website to get started.



* This article was originally published here

May 4, 2021

Not All Real Estate Agents Are Created Equal—It Matters Who You Choose

With such a low barrier to entry, far too many real estate agents enter the industry. Many try their best, but lack the experience to know what to do. Here's why experience matters—and what to look for.

* This article was originally published here

May 2, 2021

Valentine’s Day: The Real Truth About Dating an Entrepreneur

First dates are always full of questions.

Where are you from?

Do you have any siblings?

What do you do on your free time?

And most importantly… what do you do for a living?

For some of us, this question is a game changer. The other person’s professional title always has an effect on what we think of them.

You can deny it all you want but deep down you know something changes in you when they say “I’m a _______.”

So, what if someone told you they’re an entrepreneur. Would you be impressed that they own their own business? Or would you be hesitant and think entrepreneur translates to “I don’t have a real job?”

Whatever you think, say you continue dating this person. Get past all the superficial conversations, you’re developing feelings, starting to admire the person they are. You think “wow this might be going somewhere” and you begin to feel excited for the potential in this new relationship.

If you’re dating an entrepreneur hopefully you admire their drive, their problem solving skills, their ambitions to reach their goals and their passion for their work.

You begin to appreciate their profession and might even feel a bit inspired by them.

Before you know it, the potential keeps soaring and soon you have a significant other. You’re more than thrilled and can’t wait to show them off to your family and friends.

Your confidence in the relationship and the person is growing.

Until it doesn’t.

The “honeymoon” faze comes to a halt, and all those things you had appreciated in your entrepreneur significant other have quickly become things you fault them for.

Your significant other works too much. They’re constantly picking up work calls. They’re always thinking of their business. They keep telling you “Babe, only another year of this and then I’ll cut back” but then one year becomes three, then four, then five and soon you start to wonder if they’re present in the relationship at all?

I get it, it’s frustrating. I know exactly how you feel.

I’ve been the entrepreneur significant other.

I know what it’s like to be that person that says “only a little longer, I’ll take a break after a little longer.”

I’ve heard the ultimatum: “Cody we’re broke as a joke, you only have X amount of years until you need to get a regular job.”

I’ve heard my wife’s frustration, and irritations and she has every right to have them.

I can promise you I’ve seen it all, but years later Shannon is still by my side and I know it hasn’t been easy for her.

She knows it takes a lot to build a business, she knows I face a new challenge everyday and I have to invest lots of my time and energy into overcoming those challenges.

Being second place for the longest time and waiting for me to fulfill all my promises is no walk in the park. Honestly, dating and definitely marrying an entrepreneur is one of the hardest things.

As I always say: Short-term sacrifices for long-term gains.

Shannon saw that.

All entrepreneurs need a significant other that understand that if they want a relationship that will work and be healthy, the significant other has to be willing to accept second place for some time and allow the entrepreneur to grow their business.

Entrepreneurs have to be with someone that sees there’s a long road ahead, and they’re willing to take the back seat and support their partner in living their life’s purpose.

I won’t say it’s easy as that, there will still be disagreements and fights, but there are things both parties can work through the struggles of being in a relationship with an entrepreneur.

Here’s a few that have worked for my wife and I:

1. Both parties needs to sit down and hash it all out. The entrepreneur needs to tell their partner what their long-term goals are, what their dreams are and if they want to keep chasing these things after marriage and kids are on the table. The significant other needs to decide if they’re okay with this, are they willing to be second place for some time? Does the lifestyle and goals align?

2. The next one is for the entrepreneur. When you drive to see your significant other, or you drive up to your home with them, learn how to sit in your driveway for a few minutes and think of all the challenges and issues you faced that day. Then leave it there. As soon as that door opens, your priority is your significant other, or eventually your family. Ask them about their day, let them vent to you and make sure you let them know they’re heard.

3. Finally, as you should in any relationship, learn how to read the other person. Know when they really need your time and attention and give it to them! Make small gestures, do things to remind them you love them so you can make them happy and can keep dedicating time to your business.

There will be some really great times but there will also be some really horrible times.

Always remember, you shouldn’t be looking for happiness through another person. You should both be living your life’s purpose individually, and support each other together.

To any entrepreneur, if you find that significant other that is willing to support you on this crazy path? Don’t be stupid, make sure you do everything you can to keep that person in your life.

Take care, comb your hair!

Cody Sperber out.

PS: Check out my YouTube channel for more great training!

PPS: Before I let you go, I wanted to give you my eBook! Download it here!

The post Valentine’s Day: The Real Truth About Dating an Entrepreneur appeared first on Clever Investor: Real Estate Investing Educational Training.



* This article was originally published here

How RjRebel Real Estate Investments LLC Can Help You In Ways Other Las Vegas Real Estate Agents Can’t

As technology has advanced, so too have buyers who now utilize technology to do most of their research online for their real estate transactions, from the initial home search and everything in-between. While there will always be a need for a real estate agent’s services, brokerages have evolved today into a new sales alternative, known as hybrid real estate. At RjRebel Real Estate Investments LLC, our licensed professional real estate agents are also professional investors. RjRebel Real Estate Investments LLC is a one-stop-shop with the ability to suit any needs of buyers and sellers.

Because our agents have a foot in both traditional real estate market doors, we work in harmony with real estate agents. We offer solutions for real estate agents who encounter potential buyers or sellers facing challenges better resolved by working with our professional hybrid agents and investors at RjRebel Real Estate Investments LLC. When we meet, RjRebel Real Estate Investments LLC stops and takes the time to listen to your problems, helping you understand your options and developing a strategy to meet your needs. Read on to learn more about how RjRebel Real Estate Investments LLC can help you in ways other Las Vegas real estate agents can’t.

Listing

At RjRebel Real Estate Investments LLC, for those with properties that would gain the most profit by listing on the MLS, our professional real estate agents can handle everything for you. Let our years of experience at RjRebel Real Estate Investments LLC be your guide through the real estate market maze. We walk you step by step through the process, explaining your options. Our goal at RjRebel Real Estate Investments LLC is to help you feel fully confident in the choices you make with one of the largest transactions of your life, selling your home. RjRebel Real Estate Investments LLC utilizes the most up-to-date technology when we market your home. As a bonus, listing with RjRebel Real Estate Investments LLC makes your new listing a hot inside scoop!  At RjRebel Real Estate Investments LLC, our professional agent investors have built vast networks with professionals in both the traditional real estate and investment industries, helping you in a way that other Las Vegas real estate agents can’t.

Buying Directly 

The professionals at RjRebel Real Estate Investments LLC can help you in ways other Las Vegas real estate agents can’t by working as an investor instead of a real estate agent and buying your house directly as a cash buyer. We are fully transparent with no hidden fees and work with you to reach a fair agreement on the purchase price. Some sellers simply want to trade in their existing home and move on with moving to their new home, so they appreciate the convenience offered by selling directly to RjRebel Real Estate Investments LLC. Whether you face a severe time crunch and must sell quickly, you’ve experienced a life-changing event,  such as employment in another location, or you’ve become unable to afford the upkeep and repairs on your home, RjRebel Real Estate Investments LLC can help. RjRebel Real Estate Investments LLC can close in as little as 30 days or less. And because we won’t be moving in when you move out, we can schedule the closing around your life. Delaying the date is no problem if you’re waiting to close on another property. With RjRebel Real Estate Investments LLC, you do not have to worry about cleaning, prepping for showings, or even making a single repair. You can just take what you like with you and leave the rest behind. We take all of the work, risks, and expenses onto our shoulders.

Why not find out about all of the other creative options RjRebel Real Estate Investments LLC offers to help you in ways that other Las Vegas real estate agents simply can’t. At RjRebel Real Estate Investments LLC, our professional hybrid agents and investors are more than happy to answer any questions or concerns you may have about the process, with no obligation to work with us. Send us a message or call RjRebel Real Estate Investments LLC at (888) 825-8295 today!



* This article was originally published here

May 1, 2021

Hidden opportunities Buying a House in a Bad Neighborhood

We all know that some neighborhoods are better than others and this typically affects the prices of the homes and sometimes the desirability of the house as well.

Some investors hate buying houses in bad areas, others love it. There’s drawback and there’s also some hidden opportunity.

If you are considering buying a house in a less desirable neighborhood, consider these two things first:

1. Are you buying to sell it and make a quick profit?

2. Are you buying it for ROI (Return on Investment) and cash flow?

Sometimes buying a house in a bad area is a great option, you might be looking for a quick profit and this opens up some possibilities. Quick flipping a house like this might be your best choice.

On the other hand, if the house is in good shape and you have the cash to buy it outright, you can get a 20 percent ROI on your cash purchase by renting it. Then, you could buy and hold it.

Here’s how to know if this house is worth the buy and hold:

1. You gotta know your numbers- If the rent in your area is a lot less, then you have to make a decision as to what’s acceptable to you.

2. Pick something that’s close- Don’t buy anything that’s more than a one-hour away from where you reside.

3. Consider leverage- Some would rather own a low-end house in a bad neighborhood free and clear, than have a leveraged house in a nicer neighborhood. There’s nothing wrong with leverage, but as long as you have a mortgage, you are at the mercy of the lender. Not the best position.

In general, if you are starting out in real estate, you want to start out buying and selling/ wholesaling to build up your cash, and then take that cash and buy something free and clear for high cash flow.

Wholesaling is a good way to stay liquid in the market, it limits the time you spend managing and it relieves liability from what may go wrong with your properties.

Look at the market conditions in your area. If you think you are headed for another bubble, then recognize where your market is at and adjust accordingly. If you feel it’s time to cash in before a price correction takes place, then adjust accordingly.

Always stay present and keep an eye out!

If you want to learn more about quick flips then make sure you check out the free eBook on flipping houses with little to no money down here!

The post Hidden opportunities Buying a House in a Bad Neighborhood appeared first on Clever Investor: Real Estate Investing Educational Training.



* This article was originally published here

April 30, 2021

How to Attain Financial Freedom Through Real Estate in Las Vegas

Wealth! While it may seem like a secret, you can build significant wealth and long-term passive income through investing and face your retirement years with joyful anticipation of living life on your terms. Are you ready to attain financial freedom through real estate in Las Vegas now? 

Experts in the real estate industry spend decades climbing the ladder of success through hard work, determination, and following tried and true success methods. On the other hand, they understood that there is no better teacher than failure. To avoid being caught off guard, successful investors did their homework and planned for what could go wrong accordingly. 

Area of Focus

Because the agents at RjRebel Real Estate Investments LLC have been there, they know what it takes to manage the myriad of Las Vegas real estate investment types available to diversify a healthy investment portfolio. Are you a people person, does the thought of interacting with tenants and building relationships that could last a lifetime sound like your cup of tea? Perhaps you should consider gearing towards holding investments as rental properties, increasing not only your current monthly cash flow but also building wealth over time through the equity in your assets. If you would prefer to leave the day-to-day duties to a professional, RjRebel Real Estate Investments LLC will work with you, taking on as much or as little of the responsibilities of a landlord as you wish. Maybe you are the handyman type, and flipping houses would be your dream come true. Through our vast network of professionals in every walk of the real estate industry, RjRebel Real Estate Investments LLC can help you set out a plan to make your wishes a reality.

Inventory

When RjRebel Real Estate Investments LLC finds properties, while we are building inventory for new investments, we are also solving problems for the seller and improving Las Vegas by bringing properties in a state of dilapidation back to life, which enhances the neighborhood and life in Las Vegas for everyone. RjRebel Real Estate Investments LLC adds new properties to our available inventory all of the time. There are little gems hidden everywhere, and at RjRebel Real Estate Investments LLC, we are hunting for them every day so that they are ready and waiting for buyers like you to bring them back to their full potential. The professionals at RjRebel Real Estate Investments LLC understand fully the dedication required to be ahead of the game when it comes to off-market listings. Often, homeowners want to sell but feel they cannot even list their home because of all of the out-of-pocket expenses a traditional listing entails. At RjRebel Real Estate Investments LLC, we invest heavily in marketing to help these potential sellers bring in even more properties, along with good old-fashioned footwork, driving, and searching for properties. Along with all of this, we pour through thousands of online listings, including any private listings on the Las Vegas MLS.

Ready to get started? If you want to look forward to checking off everything on your bucket list in style and you enjoy your golden years, RjRebel Real Estate Investments LLC can help you start building a profitable portfolio right now. 

The professionals at RjRebel Real Estate Investments LLC understand what it is like to stand in the shoes of a beginner. At RjRebel Real Estate Investments LLC, when you succeed, we succeed, so our full-time focus is on building your confidence as we guide you through the maze of laws, paperwork, and professionals that make up the real estate industry. All while you benefit by avoiding the costly lessons the professionals at RjRebel Real Estate Investments LLC have learned through experience. We sleep well at night because we’re proud of what we do. Our passion is helping people every day. At RjRebel Real Estate Investments LLC, we are ready to help you attain financial freedom through real estate in Las Vegas. Just contact RjRebel Real Estate Investments LLC at (888) 825-8295 today.



* This article was originally published here

April 29, 2021

Don’t Know How to Calculate Your Net Worth? I Have You Covered.

Before I first started my journey in real estate investing, I had no idea what “net worth” even was, let alone how to go about calculating my own. Now, that I have gained some experience, I get asked all the time from my students: “How do I figure out my net?”

If you are asking the same question, you came to the right place.

WHAT IS NET WORTH?

Your net worth is simply what you own minus what you owe.

For a company, this is called shareholders’ preference and may be referred to as book value.

In personal finance, net worth refers to an individual’s net economic position. Similarly, it uses the value of all assets (long-term assets) minus the value of all liabilities.

KNOW YOUR NET WORTH

Your Net Worth is not your bank account balance.

Maybe you just thought: “Yes! I got a bonus today!” Unfortunately, it’s not truly a bonus until all of your liabilities and debt are paid.

Before I became a real estate investor, I had a ton of liabilities. I decided to never have debt again. After that decision, my net worth began to increase.

GET GOOD NET WORTH

How did I get out of debt and stay there?

I followed one simple rule: If I can’t pay cash for it, I don’t buy it.

Debt is destroying people, and I’m not going to let it destroy me or any of my students. First thing you need do is calculate your net worth.

How to calculate your Net Worth:

  1. Take a sheet of paper and draw a t-Bar
  2. On one side, write “total debts.” Your total debts is everything you owe.
  3. On the other side write “income streams.” Income streams is all revenue you have coming in.
  4. Then, subtract total debts from Income streams and that will equal your total net worth.

Calculating your net worth seems confusing, but it’s really that simple. Come up with a game plan and stick to it! If I can do it, so can you.

Take care, comb your hair!

Cody Sperber

PS: Check out my YouTube channel for more great training!

PPS: Before I let you go, I wanted to give you my eBook! Download it here!

The post Don’t Know How to Calculate Your Net Worth? I Have You Covered. appeared first on Clever Investor: Real Estate Investing Educational Training.



* This article was originally published here

April 28, 2021

3 Ways RjRebel Buys Houses Can Help You Sell Your Home in Las Vegas

RjRebel Buys Houses is a new method of buying and selling real estate, serving both buyers and sellers as a hybrid real estate brokerage. The experts at RjRebel Buys Houses are professional investors and licensed professional real estate agents. Through this unique approach, RjRebel Buys Houses can meet any challenges sellers face. Read on to learn about three of the ways RjRebel Buys Houses can help you sell your home in Las Vegas.

Traditional MLS Listings

While there are more expenses in this home sales method, and there is no way that RjRebel Buys Houses  can guarantee a closing date, the extra profit is well worth the effort. Depending on the circumstances you may be facing, working with a real estate agent may be the best option for you, and our agents at RjRebel Buys Houses can help you sell your home in Las Vegas on the MLS. For those with properties that are market-ready and have the time, finances, and interest in going through the standard listing process, RjRebel Buys Houses uses the most up-to-date tools and technology to market your property and bring buyers to your door. 

Direct Sale

For those who do not care for going through the prep work, arranging their schedules around showings, or having strangers touring their property, a direct sale to RjRebel Buys Houses offers a quick and easy alternative, much like trading in a vehicle. These sellers exchange profit for convenience. We offer fast closings and pay in cash, meaning there is no need to worry about your home’s condition, prepping, or making repairs. Those sellers who can neither afford the time, costs, nor the stress of a traditional listing have the alternative of a direct sell to our professional investors at RjRebel Buys Houses. As professional investors, we don’t charge commissions. And we have no hidden fees, clearly explaining how we reach our offer. Our agents will take the time to work with you, ensuring this is the best plan to suit your particular situation and make a fair agreement. RjRebel Buys Houses uses easy-to-understand contracts. Direct sales to our professional investor agents are another one of the ways RjRebel Buys Houses can help you sell your home in Las Vegas. 

Alternative Options

One of the alternatives to a traditional sale of a home is working with buyers who need a little time to get their finances in order. RjRebel Buys Houses we can help facilitate a rent-to-own agreement. This selling method opens your home to a new pool of potential buyers with much less competition. While there is the disadvantage of waiting a few years for the closing, rent-to-own agreements have advantages for you as the titleholder. You can also set a higher sales price and monthly rental fee, with some of the payment going towards the buyer’s down. Because you are risking a jump in the market, that may have meant you would have gained more selling outright at that time. At the same time, the renters are also making your mortgage payments and maintaining your home. Most agreements include the buyers being responsible for repairs and upkeep on the property. If they fail to qualify for the purchase at the end of the agreed-upon term, you will keep all deposits and payments towards the down payment. ways RjRebel Buys Houses can help you sell your home in Las Vegas

At RjRebel Buys Houses, our job is to help you resolve your problems. When you work with RjRebel Buys Houses, we will explain every step of the process, helping you feel confident about your decisions. Why not learn about more of the ways RjRebel Buys Houses can help you sell your home in Las Vegas? RjRebel Buys Houses is happy to answer any questions you may have without any obligation. Send us a message or call RjRebel Buys Houses at (702) 572-6293 today!



* This article was originally published here

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