Real Estate 101

How the art of carefully crafted paperwork can help build rapport and an extra ally on your deal. It starts with the Purchase and Sale Agreement

You can use your local State Form or use your own form. Craft by design and not by default.

I am making the assumption you want financial freedom. What is the amount of income you need per month so that you don't have to work? Is it $3k, $10K, $15K/mo. Now, what will it take to generate that much passive income? I call it your freedom number. That's the amount you need so that you no longer need a day job to earn income. I suggest taking the planning exercise one step further and think about why you want freedom. What do you plan to do with all that extra time? Always start with the end in mind. Don't lose sight of what you really wanted at the beginning. Make sure as you invest your time and energy in learning how to create your freedom number that you are staying consistent with your values. With that in mind and your desired outcome committed to paper, then decide what you need to do next.

I am making the assumption you want financial freedom. What is the amount of income you need per month so that you don't have to work? Is it $3k, $10K, $15K/mo. Now, what will it take to generate that much passive income?

I call it your freedom number. That's the amount you need so that you no longer need a day job to earn income. I suggest taking the planning exercise one step further and think about why you want freedom.

Listen in on an investing strategy session with my friend, agent, and investor Jamie Taylor Jamie opens up about her limiting beliefs about money and accepts the challenge to take her investing to the next level. Jamie is a rock star agent and jumps in the hot seat as she opens up about her limiting belief about money. She was raised in an environment of scarcity and was programmed with a fixed money mindset. Knowing this amazing woman you would never suspect this was a hang-up of hers. We all have something we're working. Jamie admits she hasn't made offers on property she knows without a doubt have tons of equity and can be rehabbed with her extensive network. She didn't make an offer because she didn't believe she had the money. She may not have the money but her network has money and would fall over themselves to lend, joint venture, or start a business venture with Jamie. Jamie is hitting an Upper Limit Problem regarding money. That's a concept introduced in the book by Gay Hendricks called The Big Leap. And Jamie is primed to make a big leap and destroy her Upper Limit Problem. The Big Leap - The Big Leap <-- Affiliate Link Jamie Taylor - http://www.taylormaderealestateteam.com/ iRealty - https://irealtyarkansas.com/ https://www.eastvillagelr.com/ The episode is sponsored by my Mastermind - Go to levelupmastermind.info for information and apply.

Listen in on an investing strategy session with my friend, agent, and investor Jamie Taylor

Jamie opens up about her limiting beliefs about money and accepts the challenge to take her investing to the next level.

You Always Have Plenty of money, time, energy, resources for all of the things you truly want or you'll die trying Do you believe this sentence?

• "I always have plenty of money for all of the things I truly want"

Few things are impossible or out of your reach if you want them badly enough. The challenge most of us face is we don't know what we truly want. Or we aren't willing to do whatever it takes to make it happen.

You Always Have Plenty of money, time, energy, resources for all of the things you truly want or you'll die trying

Do you believe this sentence?

"I always have plenty of money for all of the things I truly want"

Few things are impossible or out of your reach if you want them badly enough. The challenge most of us face is we don't know what we truly want. Or we aren't willing to do whatever it takes to make it happen.

The 4 Phases of the Real Estate Cycle

1. Recovery
2. Expansion
3. Hyper Supply
4. Recession

The market cycles through these phases and it can be difficult to know what phase you are currently in. I suggest always invest based on the fundamentals of cash flow. If you flip houses then buy with plenty of equity. Know what is happening locally in your market. The national reports can be used as a general trend but each local area is a market all its own. So you need to be tracking the local market where you invest. This podcast is sponsored by my mastermind group and I invite you to learn more about the Level Up Your Life Mastermind where you can join a small group of like-minded investors that will level up your life. Go to levelupmastermind.info, learn more and apply.

The 4 Phases of the Real Estate Cycle

The market cycles through phases and it can be difficult to know what phase you are currently in. I suggest always invest based on the fundamentals of cash flow. If you flip houses then buy with plenty of equity. Know what is happening locally in your market.

The national reports can be used as a general trend but each local area is a market all its own. So you need to be tracking the local market where you invest.

Why real estate makes such good collateral and the various types of money you can use that isn't your own cash

1. Bank Financing
2. Soft Money
3. Hard Money
4. Private Money
5. Personal Financing
6. Creative Financing
7. Owner Financing

Announcing my Level Up Your Life Mastermind.

Go to levelupmastermind.info and learn more and apply