Flipping Miami

We’re in the skill set game. We’re in the skill set game as an entrepreneur, as a business owner, as someone who wants to do deals as a real estate investor.

If you don’t work on gaining the skill sets you need to succeed, things aren’t gonna get any better!

Listen learn more about the importance of skills and what skills you need to learn to become successful as an entrepreneur!

We all have big goals in life and reasons for doing what we’re doing. My goal is to help as many people as I can in the best ways I can, and that’s what keeps me going.

Listen to learn more about my big why, my goals, and my passion, and how my business is helping me get to where I want to be!

People may have many different reasons to give when they’re asked why they haven’t started, but it ultimately comes down to one thing, and that’s fear. The fear of failure, rejection, or whatever it may be, it’s always tied to fear and fear triggers negative emotions. 

Watch this video to learn more about these fears and a simple action plan you can use to help yourself overcome them!

Key Talking Points of the Episode

[00:00] Introduction

[00:15] Why haven’t you started?

[01:01] What are the biggest fears?

[02:23] How do false beliefs affect you?

[03:20] How do you get over it? 

[04:21] The 5 Second Rule

[05:55] Take cold showers 

[06:27] Work out and educate yourself

[07:03] Surround yourself with fearless people

The buy and hold strategy is the biggest myth in real estate. People talk about how great it is and how you only need to acquire the property, put a tenant in, and the rest is cash flow, but nobody really talks about the other part where you deal with the tenants, the payments don’t always come on time, and things break. 

Watch this video to learn why I do not focus on buy and hold strategies and how I got started in learning about multifamily properties!

Key Talking Points of the Episode

[00:00] Introduction

[00:19] What is the average price of a wholesale deal? 

[00:44] What is the average price of a fix and flip deal?

[01:40] Why is the buy and hold strategy the biggest myth in real estate?

[02:30] What are the flaws of owner financing?

[03:50] What are my plans for my multi-family strategy?

[04:25] Did I take courses to learn about the multi-family space?

[05:45] Why have I not bought more properties?

The buy and hold strategy is the biggest myth in real estate. People talk about how great it is and how you only need to acquire the property, put a tenant in, and the rest is cash flow, but nobody really talks about the other part where you deal with the tenants, the payments don’t always come on time, and things break.

As a new investor, you may find yourself struggling when it comes to speaking with realtors. If you don’t know what to say to them or how to speak with them about a deal, here’s a video of a conversation I had with a realtor on a virtual fix and flip we’re planning to do.

When you’re looking at a potential deal, there are many factors you need to consider before you go for it. You can’t simply get it locked in based on your gut feeling or what you think it’s going to be worth after you get it. In this video, we’re reviewing and analyzing a potential deal we have in Cape Coral and we’re taking you through the decision-making process.

In our business today, we don’t just do wholesaling. We have a lot of different strategies we use in our investments and seller financing is one of them, which I learned a lot from Mitch Stephen’s book, My Life & 1,000 Houses: The Art of Owner Financing.

There have been a lot of sudden changes in the economy recently from cryptocurrency plummeting to job vacancies decreasing and that leaves us wondering what’s going to happen next. What’s going to happen to our money, investments, and portfolios? 

Watch this video to learn more about the current trends that are affecting our investments and what I’m doing to pivot away from the losing train this year!