How I Made Millions Investing In Real Estate - Common Questions & Answers
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions.
How do you know what questions to ask? So, here’s the answer
You Start at the beginning and ask what your goal is.
Real estate only consists of a few components.
1. Time 2. Money 3. Knowledge 4. Execution -
You can learn all of it (almost for free) if you dedicate enough time to the process. You can speed up the time considerably (that takes money) by having someone take you hand in hand all the way to the purchasing and managing of properties. But ultimately, you are the one that has to execute the plan.
It's all about the "Time Value of Money" and "Missed Opportunities" and "Getting Started". What is Your Future Worth?
Since most people starting out don’t have the real estate vocabulary, I’ve taken the subjects that I teach and listed them here. You don’t have to do all of these, but you do need to do quite a few to become a roaring success in real estate investing.
Ask whoever is going to teach you if they cover the Following and find a better teacher, if they don’t. Now, go buy some properties!
Subject To . |
Marketing |
Comps Redfin How To Comp |
Wholesaling |
Seller Financing |
Financing |
Exit Strategies |
Fix & Flips |
Probate |
Lease Options . |
Pre-Foreclosures |
Analysis Paralysis |
Buying a Property |
Rentals |
STRs |
MLS |
Buying – General |
Title |
Multifamily |
Joint Ventures |
Spreadsheets |
Systems & Procedures |
Taxes |
Asset Protection |
Deeds |
Land |
Legal |
Lending |
Wraps |
REOs (Bank Owned) Videos |
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@Mike Hern I think once you've read, listened to some podcasts, followed the forums, the best thing anyone can do after building their team is simply go out and buy a SFH or a duplex and get their feet wet.
Necessity is the mother of invention and once you’re out there with a property of your own you start learning really quickly. As long as you act with authority but aren’t an A***ole you can accomplish a lot quickly.
Brandon Turner just said in a podcast I watched it’s not what you decide it’s THAT you decide. So as long as you have a vision for what you want to achieve and put a plan in place you just move towards making it happen. This applies towards rental properties as well as life.
Your plan for renovating a home might not be my plan but as long as the end result is that a tenant moves in and we collect rent money everyone is right in the end. Act with authority. Act like you’ve done it 100 times and show no fear.
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Quote from @Account Closed:
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions.
How do you know what questions to ask? So, here’s the answer
You Start at the beginning and ask what your goal is.
Real estate only consists of a few components.
1. Time 2. Money 3. Knowledge 4. Execution -
You can learn all of it (almost for free) if you dedicate enough time to the process. You can speed up the time considerably (that takes money) by having someone take you hand in hand all the way to the purchasing and managing of properties. But ultimately, you are the one that has to execute the plan.
It's all about the "Time Value of Money" and "Missed Opportunities" and "Getting Started". What is Your Future Worth?
Since most people starting out don’t have the real estate vocabulary, I’ve taken the subjects that I teach and listed them here. You don’t have to do all of these, but you do need to do quite a few to become a roaring success in real estate investing.
Ask whoever is going to teach you if they cover the Following and find a better teacher, if they don’t. Now, go buy some properties!
Subject To
Finding Sellers
Structuring
Negotiating
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Recording
Escrow
Due On Sale Insurance.
Marketing
Mailers
KPIs
Skiptracing
SMS
County Records
Scripts
Cold Calls
Meetups
Charts
Tracking Leads
Comps
ARVRedfin
Zillow
Realtor
Propstream
MLSHow To Comp
Wholesaling
Acquisitions
Dispositions
Assignments
Finding Sellers
Finding Buyers
Contracts
How Transaction Flows
Problems
Solutions
Seller Financing
Finding Sellers
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Financing
HML
Private Money
Gap Funding
Bridge Loans
Credit
Bank Lending
SDIRA / 401(K)
Exit Strategies
Lease Options
Land Contracts
Wraps
STRs
Rentals
ResidenceFix & Flips
Contractors
Inspections
Zoning
Permits
Best Use
Probate
Paperwork
Process
What to expect
Timeline
Personal Representative
Buying Properties
Marketing
Lease Options
Finding Buyers
Structuring
Negotiating
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Recording
Escrow
Insurance
Setting Prices.
Pre-Foreclosures
Pre-Foreclosure Websites
Marketing
Methods
Contracts
Prcesses
Legal
Sources
Problems
Solutions
Analysis Paralysis
Getting Started
Deciding Direction
Local Vs Out of State
Having A Website
Selecting A Market
Neighborhoods
Crime
Buying a Property
Location
Type
Exit Strategy
Mortgage
Maintenance
Escrow
Sources
Good Deal
Comps
Contracts
Negotiating
Making Offers
Rentals
Landlord
Rent Rates
Rental Checklist
Rentometer
Tenants
Security
Cap Ex
Reserves
Maintenance
Taxes
STRs
Acquiring
Location
Financing
Numbers
Furnishing
Cleaning
Permits
AirBNB
VRBO
Atmosphere
Vacation
Travel
Biz
MLS
Dealing With Agents
Leads
What To Look For
Expireds
Limitations
Buying – General
Negotiations
Appraisals
Contracts
Escrow
Title
Escrow
Insurance
Closing
Liens
Multifamily
Cap Rates
Cash Flow
C On C
Locating
Inspections
Rent Rolls
Joint Ventures
Partners
Partnerships
Joint LLCs
What To Know
What To Avoid
Set Up
Goal
Spreadsheets
Figuring Deals
Tracking Leads
Sorting Data
Creating Labels
Systems & Procedures
Procedures
Resources
Hired Help
Finance
Team
GoalsTaxes
1031 Exchange
Depreciation
Dealer Status
Investor Status
Asset Protection
LLCs
Operating Agreements
Insurance
Deeds
Contracts
Ownership Transfer
Land
Locating
Selling
Acreage
Tax Deeds
Legal
Lawsuits
Things To Avoid
Attorneys
Lending
Becoming a lender
Contracts
Notes
Deeds
Assignments
Performing
Non-Performing NotesWraps
Contracts
Payments
Payoffs
Insurance
REOs (Bank Owned)
Short Sales
AuctionsVideos
Best
Basics
Sources
Love this ✅🔐
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This post also shows the power of ChatGPT. Amazing.
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Quote from @Eliott Elias:
This post also shows the power of ChatGPT. Amazing.
It is an absolutely powerful tool!
Quote from @Brianna SJ Morgan:Why thank you. It's all original work from my 30 years of being a successful (and sometimes not) real estate investor. But, I always teach it like it really is and my students have made millions by following the solid real estate investment Creative Fiancing that I teach.
Quote from @Eliott Elias:
This post also shows the power of ChatGPT. Amazing.
It is an absolutely powerful tool!
![Brianna SJ Morgan's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2849905/1696349014-avatar-briannas72.jpg?twic=v1/output=image/crop=2016x2016@0x333/cover=128x128&v=2)
Quote from @Account Closed:
Quote from @Brianna SJ Morgan:Why thank you. It's all original work from my 30 years of being a successful (and sometimes not) real estate investor. But, I always teach it like it really is and my students have made millions by following the solid real estate investment Creative Fiancing that I teach.
Quote from @Eliott Elias:
This post also shows the power of ChatGPT. Amazing.
It is an absolutely powerful tool!
Nice!
Quote from @Account Closed:Anyone interested in an update on foreclosures and how to approach them?
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions.
How do you know what questions to ask? So, here’s the answer
You Start at the beginning and ask what your goal is.
Real estate only consists of a few components.
1. Time 2. Money 3. Knowledge 4. Execution -
You can learn all of it (almost for free) if you dedicate enough time to the process. You can speed up the time considerably (that takes money) by having someone take you hand in hand all the way to the purchasing and managing of properties. But ultimately, you are the one that has to execute the plan.
It's all about the "Time Value of Money" and "Missed Opportunities" and "Getting Started". What is Your Future Worth?
Since most people starting out don’t have the real estate vocabulary, I’ve taken the subjects that I teach and listed them here. You don’t have to do all of these, but you do need to do quite a few to become a roaring success in real estate investing.
Ask whoever is going to teach you if they cover the Following and find a better teacher, if they don’t. Now, go buy some properties!
Subject To
Finding Sellers
Structuring
Negotiating
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Recording
Escrow
Due On Sale Insurance.
Marketing
Mailers
KPIs
Skiptracing
SMS
County Records
Scripts
Cold Calls
Meetups
Charts
Tracking Leads
Comps
ARVRedfin
Zillow
Realtor
Propstream
MLSHow To Comp
Wholesaling
Acquisitions
Dispositions
Assignments
Finding Sellers
Finding Buyers
Contracts
How Transaction Flows
Problems
Solutions
Seller Financing
Finding Sellers
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Financing
HML
Private Money
Gap Funding
Bridge Loans
Credit
Bank Lending
SDIRA / 401(K)
Exit Strategies
Lease Options
Land Contracts
Wraps
STRs
Rentals
ResidenceFix & Flips
Contractors
Inspections
Zoning
Permits
Best Use
Probate
Paperwork
Process
What to expect
Timeline
Personal Representative
Buying Properties
Marketing
Lease Options
Finding Buyers
Structuring
Negotiating
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Recording
Escrow
Insurance
Setting Prices.
Pre-Foreclosures
Pre-Foreclosure Websites
Marketing
Methods
Contracts
Prcesses
Legal
Sources
Problems
Solutions
Analysis Paralysis
Getting Started
Deciding Direction
Local Vs Out of State
Having A Website
Selecting A Market
Neighborhoods
Crime
Buying a Property
Location
Type
Exit Strategy
Mortgage
Maintenance
Escrow
Sources
Good Deal
Comps
Contracts
Negotiating
Making Offers
Rentals
Landlord
Rent Rates
Rental Checklist
Rentometer
Tenants
Security
Cap Ex
Reserves
Maintenance
Taxes
STRs
Acquiring
Location
Financing
Numbers
Furnishing
Cleaning
Permits
AirBNB
VRBO
Atmosphere
Vacation
Travel
Biz
MLS
Dealing With Agents
Leads
What To Look For
Expireds
Limitations
Buying – General
Negotiations
Appraisals
Contracts
Escrow
Title
Escrow
Insurance
Closing
Liens
Multifamily
Cap Rates
Cash Flow
C On C
Locating
Inspections
Rent Rolls
Joint Ventures
Partners
Partnerships
Joint LLCs
What To Know
What To Avoid
Set Up
Goal
Spreadsheets
Figuring Deals
Tracking Leads
Sorting Data
Creating Labels
Systems & Procedures
Procedures
Resources
Hired Help
Finance
Team
GoalsTaxes
1031 Exchange
Depreciation
Dealer Status
Investor Status
Asset Protection
LLCs
Operating Agreements
Insurance
Deeds
Contracts
Ownership Transfer
Land
Locating
Selling
Acreage
Tax Deeds
Legal
Lawsuits
Things To Avoid
Attorneys
Lending
Becoming a lender
Contracts
Notes
Deeds
Assignments
Performing
Non-Performing NotesWraps
Contracts
Payments
Payoffs
Insurance
REOs (Bank Owned)
Short Sales
AuctionsVideos
Best
Basics
Sources
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Great list! Would love to know how you approach them. I've got an interesting deal on one outside of Austin in Bastrop TX . Updates are done. On Market for $340,000. Should a buyer decide to donate $175,000 to my nonprofit I'm able to raise enough money to pay off the current lien. Then offer the buyer a deferred payment mortgage. On the front side this is instant equity of $165,000 then a deferred payment mortgage. Principal amount saved over 360 pymts is $944 a month. 7%=$23,800/12=$1,983 Combined monthly savings of $2,927. Buyer is only responsible for Tax,ins, maintenance. Will need to allow a section 8 tenant for a year.
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Great summary list. Definitely agree with 1st set your goal by understanding your why then start executing on tactical goals to make the overall objective work.
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Great List!
Quote from @Brianna SJ Morgan:Thanks, I have fun teaching this to investors.
Quote from @Account Closed:
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions.
How do you know what questions to ask? So, here’s the answer
You Start at the beginning and ask what your goal is.
Real estate only consists of a few components.
1. Time 2. Money 3. Knowledge 4. Execution -
You can learn all of it (almost for free) if you dedicate enough time to the process. You can speed up the time considerably (that takes money) by having someone take you hand in hand all the way to the purchasing and managing of properties. But ultimately, you are the one that has to execute the plan.
Love this ✅🔐
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Anyone experience selling/buying in the Catskill Mountains, Upstate NY, ?
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Quote from @Jack Schwartz:
Anyone experience selling/buying in the Catskill Mountains, Upstate NY, ?
Creative Finance would work there too. Do you want some info?
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What's Creative Finance?
Quote from @Jack Schwartz:
What's Creative Finance?
It's where you find a property "off market", don't need a 20% down payment or a bank loan, you take over the existing loan, start making the payments and you own the property. You do need some money for closing and reserves and things like that. You then offer it to be Lease Optioned, you get money down from the buyer, usually 10% which you keep or you can buy another property with it. The link directly below explains more. That's all we do. It's learnable.
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Quote from @Jack Schwartz:
Anyone experience selling/buying in the Catskill Mountains, Upstate NY, ?
For STR I have
Quote from @Account Closed:
Quote from @Account Closed:Is it a pick and choose what you want to know first or is it more of a sequence?
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions.
How do you know what questions to ask? So, here’s the answer
You Start at the beginning and ask what your goal is.
"Is it a pick and choose what you want to know first or is it more of a sequence?"
As you can see from the list. it's far more than just Subto, which some people teach (incorrectly). We teach you all of the necessary components for safe, secure, successful, investing.
As such, we work “one on one” with your most pressing issues/questions and combine that with the fundamentals up to the sophisticated investing. From crawling, to walking, to running, to setting records.
Quote from @Account Closed:Planning your time is more important than ever. There are soooo many distractions and time wasters. It's time to commit!
Quote from @Account Closed:
Quote from @Account Closed:Is it a pick and choose what you want to know first or is it more of a sequence?
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on. Two people just PM’d me specifically on those types of questions.
How do you know what questions to ask? So, here’s the answer
You Start at the beginning and ask what your goal is.
"Is it a pick and choose what you want to know first or is it more of a sequence?"
As you can see from the list. it's far more than just Subto, which some people teach (incorrectly). We teach you all of the necessary components for safe, secure, successful, investing.As such, we work “one on one” with your most pressing issues/questions and combine that with the fundamentals up to the sophisticated investing. From crawling, to walking, to running, to setting records.
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Thank you for this comprehensive list! It's nice to see it all in one place.
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