Episode 152:

What You’ll Learn About in this Episode:

Ron shares his observations on common mistakes in real estate investing, drawing from over 42 years of experience and over 3000 deals.

• He emphasizes that real estate investing does not require personal funds. Examples of wholesale deals are provided to illustrate making money with no risk.
• You’ll hear various aspects of real estate investing, including operations as well as buying and selling mistakes.
• Ron discusses the difference between cash deals and terms deals in real estate, highlighting the benefits of each.
• He shares insights on wholesaling houses, including how to find sellers, get contracts, and flip contracts for profit.
• The importance of not using personal credit in real estate deals is emphasized, with Ron advocating for non-recourse debt.
• Strategies for dealing with owner financing, lease purchasing, and subject-to deals are explained.
• Ron explains the benefits of working with private lenders and avoiding conventional bank loans.
• The podcast covers the risks of refinancing and the advantages of non-recourse debt.
• Ron advises against guaranteeing debt and stresses the importance of proper training and management in real estate.

Resources:

• Sign up for a Free Mentor Planning Session: https://www.RonLeGrand.com/Plan
• Free Training: www.TheMentorPodcast.com/Terms
• Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC152