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I will use the buy and hold strategy to then refinance or sell after five years; the strategy is effective with individuals that have a free and clear title.
The concept work exceptionally well with seller financing. I suggest that you search the blog or podcast that Brandon Turner discusses on the advantages of seller financing.
I plan to do this through Strongbrook -- a vetted company with a built-in team of real estate investors and that you can purchase their properties using time and money leveraging strategies for growth equity or cash flow which is then duplicated during cycles in real estate that reflect the activity.
Here is a form that they refer to as a lucrative game plan in what they would consider a snapshot of your financial health -- capital in different financial instruments which is addressing a leveraging of assets for real estate investing. By getting individuals different properties exclusive to their web site a mentor receives a commission. Traditional real estate investing is high risk and time dependent. Through a synergistic process hybridization is not new it is a modified crowd funding or pooling one's assets as leverage. Hope that conveys a better understanding. For more details you need to visit their web site and watch their videos.
I joined to become a mentor and capitalize on other people's minds, media, and millions...OPM3. The concept of hybridization makes sense as it allows for integration of three areas for success: personal development, financial leveraging, and a built-in real estate team. Strongbrook reduces the 30 year time frame to become financially free through a proven system which now accelerate both equity and interest income as 5-10 years. The web site explains the process. I sold one asset (gold coin) valued at $500.00 to become a mentor where you can receive commissions for promoting "pooled" real estate investing.
You already know that real estate investing is a vehicle for time and money leveraging. But who has time to do the searching of properties? I sure do not. I am a health provider and work on call. However my salary is based on my clients that I see on a daily basis which leaves me little time to due diligence in single-family or multi-family apartments.
Is there a way to accelerate the process with a team already built who will do it for you? Yes. I call it OPM3 or Other People's Minds, Media, and Millions. Is there a company that promotes this hybridization? Yes. Limitless.
Do you have time to watch this video that marries the residual income aspect of network marketing and the time-money aspect of real estate investing? I hope you do. Learning is a life long process...watch the video NOW!
I joined as an independent business but as a real estate mentor that if you are already in real estate and you are already having success with your team...consider that there is no limit if you join the company that says it all LIMITLESS!!! Visit with me and learn how your real estate business can now advance to the next level based on leveraging other people's real estate success. Is this network marketing on steroids? YOU BETCHA!!!
I like that I am always in complaince where the law is concerned and would consider that a strategic move to go and become an LLC. In one week I will be forming one.Thanks for both your input
I have created a web / landing page / splash page what ever name you choose it is about branding and using the built in resources of Bigger Pockets members (beginner and Pro or Plus).
I believe in synergistic solutions where everyone on Bigger Pockets is part of the solution....what is the problem... motivated sellers as owners of property FREE and CLEAR who are motivated to sell and have a less than perfect credit that affects just about everyone...
The best part is removing the negative items from the personal FICO score which would enable the real estate investor to choose lenders that offer reasonable interest rates for loan acquisition.
However, a new credit profile can be created as a win/win proposition for the owner /seller and the buyer / investor.
To determine eligibility; two phases are necessary...
Phase I; Locating owners with free and clear titles to focus on seller financing (as explained by Brandon Turner, Vice President and blogger, pod caster extraordinaire...)
Phase II: Restoration of the FICO score and the Paydex Score which opens a plethora of personal and business opportunities as a synchronized energy (synergy).
Yes while I am not yet indoctrinated as a real estate investor perse (still looking for a deal in multifamily apartments); I went and applied for my employer identification number (EIN) on the IRS web site.
The EIN number is required in all fifty states and allows you to change from a sole proprietor where if you do not; you can get legally sued should a deal go bad. If you did become a limited liability company (LLC) you would be protected by the law if deal went bad...I like that.
My service is in creating a flip book that features as additional chapters for co-authoring BP member's successes in seller financing, master lease options, buy and hold strategies, and wholesaling...see my recent blogs.