New Real Estate Investors – You’re Gong To Spend Time or You’re Gong To Spend Money

[Account Closed]

Don’t you hate being lied to? I hate it when some “guru” claims

“No Cost, Zero Down, No Risk, But wait there’s more, we’ll tell you (on video or zoom) how to do this for only $xx,xxx. “ and the “community” will save your as* if you get into trouble. No they won’t. That’s foolishness if you trust your future to “community opinion”. And it doesn’t matter if you are in AZ CA TX OH IN Al FL or AR. Information you need is available but it isn’t being taught.

For some reason these “gurus” can’t bring themselves to be honest and up front.

It actually costs Money or Time to invest in real estate. And you truly do need to know what you are doing. Videos can’t answer your specific questions for the specific deal you are working on, or how to set up your business, or how to deal with taxes or asset protection.  

Do you know how many people in the “community” walk away from a deal because they are confused, scared and lacking “one on one” training. A very whole LOT. Wasted Money joining a community when you need “one on one”.

To learn to invest with little down, safely, legally, means you pay for coaching. It can be learned on your own online, but that takes time. If you dig you will find what you need to know. It can be taught on a "video zoom" platform, but there, you never know if you got all of what you need or even got it right and plenty can go wrong. That’s when the lawsuits begin.

I’ve been doing creative finance for 30 years and I’ve done everything wrong that you can do wrong and I made a few wrong ones up on my own. ;-)  You don’t need to. You can avoid all of that. And no, if you are already in a pickle, I can’t/won’t bail you out. You bought the ticket, you take the ride. The rest of you need to avoid doing, what you’re not being taught.

I’ve actually dealt with the banks, the lenders, the servicers, the insurance companies, the sellers, the buyers, the superior courts, the appellate courts, the attorneys general, the eviction courts, the probate courts, the bankruptcy courts, title issues, and everything you can think of.

What I’ve found is, every time someone New does creative financing, “That which they feared came upon them”. They eventually got into serious trouble.

They needed to know things before they did the deal, but they chose the wrong coach “community” . They didn’t know what they didn’t know. Be careful out there.

There is a spreadsheet available of an actual Subject To that answers a lot of those unknowns. Ask for it. It will save you time & money. There is a formula for knowing if you are a “safe” investor. DM me for a copy.

[Jay Hinrichs]

Quote from @Kayla B.:

I’m glad I came across this as I was looking to get into some creative financing… as I’m still learning it does intrigue me obviously to be careful but on formulating a good deal that’s safe and provides good cash flow. 

• As an aspiring investor, I stand on the precipice of an exciting new chapter. While my portfolio currently lacks investment properties, plans are in motion to acquire my first property next week, marking the beginning of a thrilling journey into the world of real estate investment.

  My investment strategy is focused on multi-family properties with more than five units, mid-rise or high-rise buildings, garden-style homes, student housing, and senior living facilities. My geographical area of interest isn't confined to one state; I'm open to opportunities across the country. However, when it comes to properties that require significant value-add attention, I have a particular preference for the Southern, Eastern, or Western parts of Florida.

  The value-add method, an investment strategy where investors buy properties below their intrinsic value, will be a key component of my approach. This strategy involves making improvements to the property to increase its value, thereby generating a higher return on investment. To achieve this, I plan to partner with Architect United (www.architectunited.com), a leading architectural firm renowned for its innovative designs and efficient project execution.

  Architect United's comprehensive services will be instrumental in executing renovations such as new closet designs, pool renovations, and kitchen remodels. Their promise of delivering building plans in just 45 days will not only save time but also reduce holding costs, contributing to the overall profitability of the investment.

  The firm's efficiency is indisputable. With a team of skilled professionals working in unison, they ensure that every project is completed to the highest standards, on time, and within budget. This partnership will undoubtedly play a pivotal role in transforming undervalued properties into profitable assets.

  My investments will be further secured through the use of an escrow account. This third-party holding account ensures that all funds are held securely until all terms of the agreement are met, providing an additional layer of security for my investments. Furthermore, Architect United's money-back guarantee policy offers further assurance, promising a full refund if their services don't meet the agreed-upon standards.

  In terms of financing these investments, I plan to explore creative financing opportunities. These include methods such as seller financing, hard money loans, and private money loans. Additionally, I'm particularly interested in leveraging the 'Subject To' (Sub2) strategy. This involves buying a property subject to the existing mortgage. In this way, I can acquire properties without obtaining a new mortgage, which can be advantageous in terms of cash flow and credit utilization.

  As I embark on this journey, my goal is to maximize returns while minimizing risk. Through strategic property selection, value-add improvements, secure financial practices, and creative financing, I aim to build a robust and profitable real estate portfolio. The road ahead is undeniably filled with challenges, but with careful planning and execution, the potential for success is immense.

@Account Closed  not sure who is pitching who here..  you could both sign up for each others consultations services. :)