OPM Mastery

There are quite a few Real Estate Brokers who have seen the advantages of becoming investors as well as being realtors. But Joe Evangelisti went about it the other way round. Joe got into real estate investing first, through a flip deal that went bad. But he learned the hard way, turned that deal around by making it a rental, and was off and running as a real estate investor. He took those hard learned lessons and turned them into a career as a Real Estate Broker, eventually owning his own office and using that position to feed his own real estate investing business. Hear more of Joe’s story on this episode.

Joe Evangelisti says so himself. Joe was a “C” student in high school and didn’t graduate college at all. He says that the main thing a potential real estate investor needs is the courage to learn and move forward. There are too many people who consume all the content about real estate investing but never put it into action. Joe says that the ones who are successful in the investing business are the ones who have the guts to try out what they’re learning. Mistakes will be made, but it’s not something that should hold you back. Find out more on this episode of Invest Four More.

There are other names for this investing strategy, but Joe has dubbed it the “replacement recipe.” It’s where you use private money to purchase a home for renovation, then refinance the house into long-term financing with a traditional lender for more money based on the fact that rental income will be part of the deal. Then you pay back the private money lender and have an asset that produces positive cash-flow with none of your own money in the game. It’s one of Joe Evangelisti’s favorite ways to add rental properties to his portfolio without risking a dime of his own finances. Hear it explained from Joe’s own lips on this episode.

Joe Evangelisti has built his business to the point that he has at least 4 exit strategy options for every property he purchases. First, he tries to work it as a wholesale deal, getting out the most money he can without having to invest money of his own. Next, Joe will evaluate the potential for a fix and flip. After that, he’ll see if it can be turned into a rental property, using private money to purchase, refinancing to repay the loan and set up a long-term solution, then renting the property to create immediate cash-flow. And if all else fails, he’ll make it a turn-key deal and try to sell it as a ready-made cash-flow opportunity for another investor. You won’t want to miss Joe’s explanation of how to leverage properties in these four ways - all on this episode of Invest Four More.

unless you build your financing strategy on relationships. Joe Evangelisti doesn’t believe in seeking out unknown investors to fund his real estate fix and flips or wholesale deals. He has learned to build a relationship, fulfill his end of the bargain, and then go back to the same people again and again to fund other deals. He’s discovered that once you promise a person 10% return in 6 months and actually come through with what you promised, those people will want to do the same thing again and again. There’s no reason they wouldn’t want to because it’s making them money time after time. But it requires you to be able to fulfill your promises every time. Find out how Joe makes that happen on this episode of Invest Four More.

How a real estate investor decided to also become a real estate agent: Joe’s story.

The benefits Joe sees in owning his own real estate office - how it impacts his investing business.

What made Joe decide to buy rental properties and how he’s built his portfolio to over 70 rentals at the present time.

How Joe’s first flip became a mistake, and how he turned that mistake into a gem by turning it into a rental.

Why you should be willing to live in every rental property you own.

How Joe manages 70 rental properties and what he’s considering to make his system even better.

The 4 exit strategies Joe likes to have available on every property he buys.

Joe’s “replacement recipe” that gives him cash-flow properties without putting out any of his own money.

How Joe finds private money to fund his investments.

The difference between hard-money lenders and private money lenders - and why you have to know the difference.

How Joe’s team is purchasing 5 properties per month for flips, wholesale, or rentals.

Why Joe believes every wholesaler should be prepared to buy every property he puts an offer on.

How Joe got into new construction projects and how it’s working to date.

Joe’s podcast and website - http://www.TheFlipKing.com

Joe’s wholesale site for New Jersey - http://www.SouthJerseyCashDeals.com

PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES

Even when you make a bad deal in #realestateinvesting, there’s a way to make it right - Joe Evangelisti http://wp.me/p3PPf6-4UC

Why you should be willing to live in every #rentalproperty you own. On this episode of #InvestFourMore http://wp.me/p3PPf6-4UC

The “replacement recipe” for #realestateinvesting that cash flows with none of your own money http://wp.me/p3PPf6-4UC

Learn how to fund your #realestateinvestments through the power of relationships, on this episode. http://wp.me/p3PPf6-4UC

How you can have 4 #exitstrategies on every #investmentproperty http://wp.me/p3PPf6-4UC

For many people, wholesaling is the doorway into real estate investing. It’s one of the simplest ways to get in and learn how the real estate markets work, and how to take advantage of the selling and buying of properties that happens every day in the United States. Our guest on this episode of the Invest Four More podcast proves that by the wholesale investing success he’s experienced in just under three years.

Mark Skowron is from Chicago - born and raised there - and got into real estate investing after a typical high school and college education. He spent time with a sales company before trying his hand at real estate investing, where he was the most successful salesman in the company within a short time. When he heard about real estate wholesaling Mark was eager to try his hand, so he read up on how wholesaling works, got some “We buy houses” signs to post at some major intersections, and started interacting with people who needed to sell their properties fast. His philosophy was, “Learn as you go.”

From his first deal (a widowed woman whose husband had handled all the financial matters for the family) to today, Mark Skowron has proven that wholesaling properties is not only the best way to learn the fundamentals of real estate investing, but also a very legitimate way to build a business focused strictly on wholesaling. Mark and his team close 7 to 8 deals a month, which amounts to anywhere from $35,000 to $75,000 in profit for the month. He’s learned how to leverage an active buyer’s list and a competent team to buy and sell properties quickly for a profit.

Property wholesaling can be a very competitive niche, but Mark Skowron has discovered that there’s a very powerful benefit to actually partnering with the competition. He’s built relationships with other wholesalers in his area to co-sell properties at times. The reason this works so well is that Mark has focused intensely on building an active, legitimate “buyer’s list” and he is usually able to find someone to purchase properties when other wholesalers can’t. So, he’s made himself available to partner with other wholesalers to offload their properties to his buyer’s list, and get a cut of the profit from the deal for himself at the same time.

There’s all kinds of buzz these days about “fix n flips” and Mark’s been working on rehab deals himself for almost 6 months now. He’s found a way to leverage the deals that are not quite profitable as wholesale offers by fixing the problems they have then reselling them to typical owner-occupant buyers who want a nice home that requires little fixer-up work on their part. Mark has discovered how to hire managers and contractors who work on all his projects so that he can stay focused on finding properties and building relationships with buyers.

Turnkey investments to augment the wholesale business

In addition to all that, Mark’s gotten into “turnkey” investment sales lately (selling properties that already have renters in them) and is seeing great success there as well. You’ll learn a lot in this episode, so plug in your headphones and hit “play.” This is time well spent. All that on this episode of Invest Four More.

Mark’s introduction of Mark Skowron, wholesale investor.

What Mark Skowron was doing before real estate investing.

How Mark got started in real estate investing.

The importance of focus and commitment to one thing.

How long it took Mark to start making headway in wholesaling.

A step back: What is a wholesaler?

The power of an effective wholesale buyer’s list.

How timing is an issue with a great wholesale buyer’s list.

The path a typical wholesale deal follows.

How Mark Skowron’s business is structured.

How Mark does co-deals with other wholesalers.

Mark’s initial steps into rehabs (house flips).

The first steps into turnkey rental property sales.

Mark’s plans for the next few years.

The importance of taking massive action in wholesaling.   

http://www.FocusOnBuyers.com

Show me your friends and I’ll show you your #future - Mark Skowron http://wp.me/p3PPf6-4Ur

The biggest #mistake people make is trying to #avoidmistakes - #realestateinvesting http://wp.me/p3PPf6-4Ur

Understanding #wholesaling is understanding the foundation of #realestateinvesting http://wp.me/p3PPf6-4Ur

#Takeaction. That’s the most important part of #realestateinvesting http://wp.me/p3PPf6-4Ur

#Wholesalinvesting #success in less than 3 years, with Mark Skowron http://wp.me/p3PPf6-4Ur

Can you begin a real estate investing career with little to no money? Yes, you can - Ben Leybovich is one example that proves it. Ben was and is a violinist and was diagnosed with MS at the beginning of his artistic career. He knew then that he’d have to develop ways to produce income that were not dependent on his physical skills. His research led him to real estate investing and he’s never looked back.

Ben had no money at the time, no cash of his own to invest in his business so he worked hard to discover ways to partner with others who did have money so that he could get started with real estate investing as a real business. Ben’s passion is to produce passive income that does not depend on his continued daily work. For that reason he’s invested heavily in multi-family properties and feel that they are the best investment in the real estate industry.

Learn why Ben Leybovich insists on developing the power of leverage to ena

ble him to invest in properties that are sure winners rather than just buying anything that might increase his cash flow. He want’s certain types of properties that will be long-term wealth building properties, not just immediate gains. For that reason Ben only does 1 deal per year on average, but works hard to make sure it’s the right deal that will grow his wealth. For Ben, one deal per year equals above average deals for his portfolio.

Listen in to this episode of Invest Four More to learn how  Ben Leybovich chooses multi-family properties over single-family properties almost every time, and how he leverages them to amass wealth. You won’t find a more common sense approach to the subject anywhere else and you’ll wonder why you haven’t thought of it the way Ben does before.

Do you know what syndication is when it comes to real estate investing? Ben Leybovich believes that syndication is one of the best leveraging tools to amass wealth in real estate. Listen in to hear his simple definition and how he describes its outworking in his real estate business.

All that on this episode of Invest Four More.

Mark Ferguson introduces Ben Leybovich

From violin player to real estate investor: Ben Leybovich’s story.

Ben’s goal to replace active income with passive income - and why he’s focusing there.

Learning the power of leverage to gain greater income.

How Ben bought his first piece of real estate.

Choosing contractors who can stick with you through the long haul.

The things that kept Ben going after some hard setbacks in his first projects.

Why Ben only purchases deals that he likes, whether they will increase his cash flow or not.

Why Ben chose multi-family properties to invest most of his business in.

One deal a year = above average deals for Ben.

What real estate investing has done for Ben’s life and business.

What is real estate syndication?

The things Ben would love to see happen in the next year.

http://www.JustAskBenWhy.com

http://www.BiggerPockets.com

Contact Ben: [email protected]

From violin player to #realestateinvetor - The story of Ben Leybovich

#Realestate is the most logical way to start with nothing and attain #success

Learn the power of #leverage to gain more income: in this episode

No having money is not necessarily a limit to being a #realestateinvestor

House flipping is all the rage - with popular T.V. shows and other avenues of exposure, more and more people are eager to try their hand at property renovations for profit. The truth is, T.V. may make it seem a bit more glamorous and easy than it really is, but you CAN still make a good amount of income from doing the old fix N flip.

In this episode of Invest Four More, Mark Ferguson chats with J. Scott, a serial house flipper who got into the business of real estate fix and flips without any previous real estate experience. He learned his lessons the hard way and catalogued his successes and failures (the first 50 houses he did) on his website www.123flip.com . You can find step by step details there of what he did, how he did it, the pros and cons of each approach, and much, much more. Find out more about J. Scott’s story on this episode of Invest Four More.

One of the topics discussed at length in this episode is also one of the biggest hurdles of house flipping: management of the project. It becomes increasingly difficult the more properties you have working at one time. J. Scott is no stranger to those issues and has learned the importance of having full time project managers who help him find and enlist the right contractors and subcontractors as well as to keep an eye on the financial end of things to make sure that projects complete within budget and on time.

Have you ever considered flipping or managing properties in different cities? J. Scott has done it - and continues to do it regularly. The key to keeping those property flips going without pulling your hair out is the establishment of a trustworthy team that knows the local market and is able to keep things rolling without you being there every second. Listen in to find out how J. Scott went about building that team and the benefits it brings to his property flipping business.

Do you know what is mean by “wholetailing?” It’s a term J. Scott uses to describe the kinds of “big issue” wholesale deals he’ll buy at times, just for the sake of fixing the one big issue that is keeping normal wholesalers from buying the property. Within a few days of closing on the property he’ll have the big issues fixed, turn around and list it on MLS, and have wholesalers or private buyers vying for the property in a short amount of time because the major issues are taken care of. It’s an amazing perspective you’ll learn more about on this episode of Invest Four More with Mark Ferguson.

All that on this episode of Invest Four More.

www.123flip.com

Jay’s two books...

The Book on Flipping Houses

The Book on Estimating Rehab Costs

Contact J. Scott

Facebook: https://www.facebook.com/123FlipRealEstate?fref=ts

Twitter: @123flip - https://twitter.com/123Flip

www.BiggerPockets.com

Sharon Vornholt started out in the real estate industry running a home inspection business in the Louisville, Kentucky area. She had a great business going but when she discovered real estate investing that was all it took to get her hooked. In this episode Mark Ferguson asks Sharon about her story, the transition into investing in real estate, and the things she’s discovered along the way.

In 2008 the bottom fell out of the real estate market in Louisville, Kentucky and Sharon Vornholt decided it was time to stop being a landlord and became a full time real estate investor. Her favorite means of investing is wholesaling, which means buying distressed properties and turning them around quickly by selling them to cash buyers - either house flippers or landlords. Sharon shares how she goes about that process in this episode of Invest Four More.

What does it take to be effective at wholesaling? Sharon Vornholt is convinced that one of the main things needed is an aptitude or skill in marketing. Without marketing, there’s no way to find the right properties or the people who are going to be eager to buy them. Sharon is so convinced that marketing is the most important skill wholesalers need to learn, she does live events to teach investors good marketing practices that can move their businesses forward.

In this great episode of Invest Four More Sharon Vornholt is going to share why she doesn’t think you need a huge buyer’s list to be successful as a wholesaler, why she does primarily wholesaling over rentals, and the biggest mistake she’s seen most beginning real estate investors make that can cripple their business.

Toward the end of the episode Sharon shares the importance of letting the numbers speak when it comes to assessing a wholesale deal. Too often investors will talk themselves into a deal rather than letting the facts the numbers portray inform them about whether the property is a good deal for them or not. Sharon’s advice is powerful.

All that on this episode of Invest Four More.

Sharon’s background as a Home Inspection company owner.

How Sharon transitioned into Real Estate Investing in 1998.

The first real estate investment Sharon did in 1998.

How the real estate crash moved Sharon to become a wholesaler.

Why Sharon transitioned away from rental properties into only doing wholesale.

Why Sharon advises new investors to bring on other team members early in the process.

Vital mindsets you have to develop in order to build a good team.

How Sharon got started using direct mail to find off-market wholesale properties.

Why Sharon built her blog for the sake of building a brand and the pros and cons of having a busy blog.

The purpose of Sharon’s live events and how they help investors develop marketing strategies and plans to fuel their business.

The biggest challenges for new wholesalers.

How to be careful when dealing with Real Estate Agents who think they have a good deal for your.

Is wholesaling illegal?

The biggest mistake Sharon made.  

Sharon’s website - http://LouisvilleGalsRealEstateBlog.com/

www.BiggerPockets.com

Sharon’s podcast - Let’s Talk Real Estate Investing

http://louisvillegalsrealestateblog.com/podcasts-lets-talk-real-estate-investing