Real estate investing is an excellent way to build long-term wealth, generate passive income, and secure your financial future. There is never a wrong time to invest in real estate, and everyone has opportunities, regardless of their experience level or financial resources. 

Whether you are looking to build a rental property portfolio or invest in a REIT, real estate investing can be both profitable and enjoyable. The power duo of Pat and David Knight are here to prove it by rocking the REI world in their seventies! So, if you are interested in investing in real estate, don't wait – start exploring your options today.

Key Takeaways

• Discovering the benefits of joining your local REIA and learning from experienced real estate investors
• Diversifying your strategies to unlock more profitable real estate opportunities
• Why investments can be a gateway to more fulfilling experiences beyond just accumulating wealth
• Maximizing your real estate investments through the BRRR strategy: Buy, Rehab, Rent, Refinance
• The importance of persistence in achieving your real estate investing goals

Resources

• Zillow
• Driving for Dollars Mastery

Most of us are struggling in our financial game because it seems so impossible to make seven figures when you're just getting started in your financial freedom journey.

What if you can make 90 grand in a month and a half? How different would your life be? Imagine how it would change your lifestyle.

But wait...is that even possible? Today's episode will be the answer to that question as we invited Dominique Brown to teach you how to make $90,000 in just 45 days and escape that rat race.

Key Takeaways:

• Money is a powerful resource that can help solve many problems
• How was he able to secure four consecutive deals and earn $90,000 from each of them?
• Strategies for dealing with challenging homeowners
• How Dominique find for properties that are within half a mile and close deals in an instant
• You can get deals closed with a fat referral
• What was the big thing that helped Dominique get started?

Resources

• DealMachine
• MLS
• Driving for Dollars Mastery

Are you dreaming of owning a rental property but feeling held back by the high costs and financial barriers of real estate investment? 

Fear not, as there are ways to enter the market without emptying your bank account or struggling to save up for a hefty down payment.In fact, with financial creativity, you can purchase a rental property and enjoy all the benefits of investment without breaking the bank.

And today, we've got some expert advice from Wyatt and Jon, who will share their top tips for buying rental properties with minimal, upfront investment.

Key Takeaways

• Breaking down the BRRR (Buy, Rehab, Rent, Refinance) strategy step by step for successful real estate investing.
• Understanding the differences between hard money and private money lenders in real estate investing.
• Explore real estate websites, attend REIA (Real Estate Investors Association) groups, and expand your network to connect with like-minded professionals.
• Evaluating a potential investment deal in real estate requires a comprehensive understanding of the market, property, and financials.
• Investing in real estate can be a powerful tool for growing your net worth over time.

Resources

• Follow Jon here
• Follow Wyatt here
• The ABCs  of Real Estate Investing by Ken McElroy
• Amortization Calculator
• Rich Dad Poor Dad by Robert Kiyosaki
• Driving For Dollars Mastery

The tax law offers opportunities for entrepreneurs and investors to achieve financial freedom by following the strategies of the wealthy. Investing in real estate is one of the common ways to reduce or avoid taxes.

Tom Wheelwright is a renowned CPA, author, and speaker in the field of wealth and tax strategy, with expertise in partnership and corporation tax strategies. If you're tired of feeling the tug of the taxman at your purse strings, then it may be time to follow any of Tom's tax strategies. These tactical game-plans won't just save you money on tax day; they may make you money in the long run!

Key Takeaways

• Taxes can significantly impact investments and hinder wealth creation.
• Taxation is necessary for the government to support the value of the US dollar.
• What are some legal ways to reduce tax obligations?
• How can businesses use tax strategies to minimize taxes paid on short-term gains?
• Successful investing often requires building a strong team of knowledgeable professionals.
• What makes real estate a valuable asset for investment purposes?

Resources

• The Win-Win Wealth Strategy by Tom Wheelwright
• Follow Tom here
• Driving For Dollars Mastery

Brian Hemmerle, an entrepreneur from Louisville, Kentucky, transitioned from a corporate sales job to real estate investment. He purchased his first rental property in 2007 and started wholesaling in 2018. Currently, he has completed ten deals this year, with three more in progress. 

In this episode, Brian discusses his motivations for entering the real estate industry and shares insights on wholesaling. He analyzes a $130,000 deal and discloses his marketing expenses. Listen and learn tips on finding deals and establishing a similar business like Brian's.

Key Takeaways

• Have an abundance mindset and learn from other people’s success
• On holding properties to build generational wealth
• Provide solutions that make sense and benefit everyone
• A wholesaling company is a marketing company set up to find investment deals
• Build a team and track your KPIs
• Find a niche and really focus on it

Resources

• Brian Hemmerle’s Facebook
• Kentucky Sell Now
• Wholesaling Inc.
• DealMachine
• Driving For Dollars Mastery

Picture this: You make over six figures after just one call from a for-sale-by-owner on Facebook Marketplace. 

That's the reality for our successful investor, Richard, who transitioned from a career as a nurse to a successful real estate wholesaler. Despite starting with limited resources, Richard cracked the code for the "no-money-down" strategy and found financial stability through a unique approach to marketing.

In this episode, he'll reveal his secret to success and share how he went from quitting nursing to quitting insurance to making over six figures in the real estate industry.

Key Takeaways

• Start your wholesaling with little to no money
• From quitting nursing to quitting insurance to starting real estate investing
• ”Wholesalers are pawn shops for houses.”
• Finding buyers through local REIA's
• The story of Richard found four deals after finding one
• How you can turn a $10,000 deal into over six figures

Resources

• REI Association
• Wholesaling Inc
• Craigslist
• Facebook Marketplace
• Driving For Dollars Mastery

Contrary to popular belief, cash is not the most crucial aspect of a business. Cash management is the true king. By effectively controlling your cash flow, you can effectively manage your business, leading to increased profits and more time to do what you love.

Today, we have David Richter, author of the  "Profit First for Real Estate Investors," on the show. David will assist you in transforming your business from potential failure to success by implementing the Profit First cash flow system.

Key Takeaways 

• The goal of having a business is to have more money and freedom
• Why Profit First?
• How to read the numbers and the story of your business
• Breaking down the "Profit First" system
• ”Build a business that you truly desire. Pursue your own aspirations.”
• Establish an organized system for your finances. •Setting up the "Golden Trio" for your business (Profit, Owner's Compensation, and Owner's Tax)

Resources

• Profit First for Real Estate Investors by David Richter
• Profit First by Mike Michalowicz
• Profit First REI Podcast
• Follow David Richter here
• Driving for Dollars Mastery

Investing in real estate can be a scary feeling, especially for those new to the industry. However, with a long-term commitment, hard work, and calculated risks, you can build wealth and achieve financial stability. 

To help you along the way, join Zack and experienced investor David Pupo in this episode as they share their knowledge on creative seller financing deals and show you how to crack the code of real estate the smart and easy way. Get ready to think outside the box and take your investing skills to the next level! 

Key Takeaways

• What exactly is a "subject-to?"
• Creative Financing Perks and Techniques
• Make sure that monthly payments are happening
• How to avoid risks by opening a “trust” 
• Breaking down the ins and outs of seller financing
• The Importance of Buying Assets
• The Illusion of "Control" That You Can Give to Other People
• What is the “triple-level” approach?

Resources

• The ABC’s of Real Estate Investing by Ken McElroy
• Never Split The Difference by Chriss Voss
• Amortization Schedule Calculator
• Triple Offer Website
• Follow David here
• Driving for Dollars Mastery

Failure is a possibility in any business, including real estate wholesaling. However, it is not a guarantee. Overcome failure with insights from Zack and Andrew. Learn from their personal experiences, proven strategies, and hard-earned lessons to reduce the risk of failure in real estate wholesaling.

In this talk you’ll discover how to conduct thorough market research and due diligence, accurately estimate costs, build a strong network, develop effective negotiation skills, and plan for contingencies to increase your chances of success and make better decisions for the future.

Key Takeaways

• Virtual Deals vs. Deals in Your Own Backyard
• Solving Big Problems for Big Rewards (The Impact of Problem-Solving on Deals)
• The Importance of a Strong Formula in Real Estate Exploring Property Finding Techniques 
• How to Build Success through Referrals and Networking
• Starting Strong in Real Estate: Three Essential Steps to Take

Resources

• Today is the Day Podcast
• Driving for Dollars Mastery

Wholesaling can be challenging when things don't go as planned. In today's episode, we'll explore how to manage these challenges fully. 

Our student guest Kerrington faced issues with difficult attorneys, an overseas seller with limited communication, and a demand for a large upfront payment. Tune in to this live coaching call to learn how Zack navigated these obstacles and helped Kerrington turn the situation around.

Key Takeaways

• Understanding that You can Add Value and Service
• You Need to Bring Money to the Table to Make it Legally Binding
• How to Navigate Risky Waters Without Taking Any Risk
• Structuring Agreements to Protect Yourself
• Follow a Proven Plan to Get Motivated Sellers Upfront 
• Don't pay for information. Pay to become professional. Hire a coach NOW! 

Resources

• Driving for Dollars Mastery