REI Talk Show with Zack Childress

How to Present Multiple Offers

Get Zack's Best Selling Book Here: MyFirstDealPlayBook.com

Make Sure You Follow Zack so you don't miss out on his The Real Esate Talk Show and other awesome tips and trainings.

1. Follow: http://www.reisuccessacademy.com/instagram

2. Subscribe on Youtube: http://www.reisuccessacademy.com/youtube Make Sure to Click on the Bell After your Subscribe (It's right next to the Subscribe Button)

3. LIKE Zack's page: Zack Childress - REI Success Academy

Make Sure to Click on Follow then select SEE FIRST After you LIKE the page (It's right next to the LIKE Button)

4. Get Reminders when New Shows and Trainings Go Live: http://www.reisuccessacademy.com/LiveShows

You do NOT Want to Miss this Show!

Let's Start this week off right and let me help you to start #GettingYourLifeRight by being Actively Present with me for this.

This is all for YOUR Business, Are you going to #OwnYourOwnLife and get the help on challenges you may be facing?

Get Your FREE Copy of My New Book yet? Get Your Free Copy Here: http://myfirstdealplaybook.com/

#digdeeper #5flifestyle #the5flifestyle #zackchildress #reisuccessacademy #realestate #gettinyourliferight #thechoiceisyours

4 Keys to finding the After Repaired Value in order to stay safea as an investor.

Get Zack's Best Selling Book Here: MyFirstDealPlayBook.com

Make Sure You Follow Zack so you don't miss out on his The Real Esate Talk Show and other awesome tips and trainings.

1. Follow: http://www.reisuccessacademy.com/instagram

2. Subscribe on Youtube: http://www.reisuccessacademy.com/youtube Make Sure to Click on the Bell After your Subscribe (It's right next to the Subscribe Button)

3. LIKE Zack's page: Zack Childress - REI Success Academy

Make Sure to Click on Follow then select SEE FIRST After you LIKE the page (It's right next to the LIKE Button)

4. Get Reminders when New Shows and Trainings Go Live: http://www.reisuccessacademy.com/LiveShows

5. Subscribe to my PODCAST to Listen in Your Car or While Exercising: http://www.reisuccessacademy.com/podcast

You do NOT Want to Miss this Show!

Let's Start this week off right and let me help you to start #GettingYourLifeRight by being Actively Present with me for this.

This is all for YOUR Business, Are you going to #OwnYourOwnLife and get the help on challenges you may be facing?

Get Your FREE Copy of My New Book yet? Get Your Free Copy Here: http://myfirstdealplaybook.com/

#digdeeper #5flifestyle #the5flifestyle #zackchildress #reisuccessacademy #realestate #gettinyourliferight #thechoiceisyours

4 ways to Invest your money in Real Estate to gain significant returns and not just be a "One Trick Pony" View our Website at reisuccessacademy.com

Get Zack's Best Selling Book Here: MyFirstDealPlayBook.com

Make Sure You Follow Zack so you don't miss out on his The Real Esate Talk Show and other awesome tips and trainings.

1. Follow: http://www.reisuccessacademy.com/instagram

2. Subscribe on Youtube: http://www.reisuccessacademy.com/youtube Make Sure to Click on the Bell After your Subscribe (It's right next to the Subscribe Button)

3. LIKE Zack's page: Zack Childress - REI Success Academy

Make Sure to Click on Follow then select SEE FIRST After you LIKE the page (It's right next to the LIKE Button)

4. Get Reminders when New Shows and Trainings Go Live: http://www.reisuccessacademy.com/LiveShows

5. Subscribe to my PODCAST to Listen in Your Car or While Exercising: http://www.reisuccessacademy.com/podcast

You do NOT Want to Miss this Show!

Let's Start this week off right and let me help you to start #GettingYourLifeRight by being Actively Present with me for this.

This is all for YOUR Business, Are you going to #OwnYourOwnLife and get the help on challenges you may be facing?

Get Your FREE Copy of My New Book yet? Get Your Free Copy Here: http://myfirstdealplaybook.com/

#digdeeper #5flifestyle #the5flifestyle #zackchildress #reisuccessacademy #realestate #gettinyourliferight #thechoiceisyours

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.   

It's an excellent time to be involved in real estate. Create, stabilize and maintain your business. Those 3 steps lead to the 4th, which is to protect your business. Get started on these steps NOW.

Moving to today's topic… if you're a buyer, you are likely going to be buying from wholesalers. Zack wants you to know that a lot of wholesalers are new in the business and not totally sure about it.

If you're buying from a wholesaler, step 1 is buying the contract, not buying the house. Owning the contract gives you the option to buy the house.

If the wholesaler doesn't want to show you the contract, that's a problem. You absolutely must see it. The contract tells you whether the house is free and clear. It tells you who's paying what costs.

The contract is the product you're purchasing. It is your right to examine the product to be sure it's what has been represented to you and that it's a product you actually want to own.  

If you're a wholesaler, please get educated. You could lose your assignment fee if you aren't clear on your role. The buyer is getting only the contract in step 1, and you can't expect him to buy it sight unseen.

Get the specialized knowledge that you need to succeed. Then learn how to execute that knowledge. Build your systems. Build your plan and execute it.

"Knowledge is not power. Implementation of that knowledge is the power."

Today's episode is about the difference between doers and lookers… between action and overthinking. Successful business owners DO. It's the only way to create income. You can train and train, but until you implement you haven't accomplished a thing. Overcome your doubts, build relationships, develop plans for success, and then DO.

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer. Zack breaks down this episode into the 2 types of lenders you need to talk to: traditional (banks) and asset-based (hard money) lenders. When you call a local bank, be prepared to talk the bank's language. Just ask for what you need, then clarify what you hear. Every bank has different loan programs, so call several. Once you get a positive answer about financing, make an appointment to meet the banker. You'll both benefit by establishing rapport early. When you contact asset-based lenders, be quick and concise. Don't ask them if they lend on certain types of deals. That's what they do all day long. Start by telling them the type of properties/deals you are looking to fund and that you want to establish that funding is available before you find a deal. Ask if it's possible to set up an account now. Hard money comes with a pretty high interest rate, definitely more than banks. So what you do is buy and repair with the hard money, then go to the local bank to refinance the ongoing mortgage. Buy, renovate, rent, refinance, repeat… the 'brrrr' method. It's what experienced investors do. Watch or listen to this episode more than once. And share it with other investors. And please, pick up the phone and act on it because "courage is created by facing your fears on a daily basis." Practice calling lenders and overcome that fear.

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.

Today's episode is part 2 of 2 about working with a real estate agent. Zack has local agent, Tim Knox, on the show, so we can get the info from the agent's side. 

Tim's company, Revolved Realty, is a flat-fee listing company in Madison, Alabama. Revolved has 2 offices and 19 agents that deal with buyers, sellers, investors and builders.

All agents are not the same. As discussed in part 1, many agents know only retail buying and selling. Investors have different needs.

Investors should ask agents about their experience level, consider personal compatibility and generally treat the first meeting like a job interview. Often the most suitable agent is also an investor.

Zack asks Tim an important question, "What bothers you the most about investors?" Turns out that it's lack of preparedness, wanting Tim to teach them how to invest. 

Zack adds to that. He warns investors not to have several agents doing the same thing and not to look at agents in any way other than as a partner/colleague. The goals should be the same for both parties.

Don't go to an agent too soon. If you're not prepared to buy, don't have an agent out looking for deals. You're wasting their time and losing credibility.

Tim's company is a flat-fee brokerage, which simply means the fee is lower than most. That's particularly important for volume users like investors.

 "Never forget how you reach success and always stay humble."    

Today's topic is working with real estate agents. If you cultivate a good relationship with one or two agents, it can really give your business a boost.

There are different types of real estate agents, and some specialize in working with investors. You can meet them at REIA meetings or through referrals from closing attorneys, title companies and such.

Agents work on commission. When you talk to them, be sure they hear how beneficial it can be for them to help you find properties.

Agents can find properties quickly, so be ready. Don't waste their time finding a property that you aren't prepared to close on. And don't depend on agent to do more than find properties. Vet your own deals.

Do not be afraid of using agents. Yes, there are costs, but an agent can help you grow your property portfolio as well as anything can. 

"Opportunities are lost because you aren't awake enough to see them."    

Zack talks about the importance of networking, and challenges us to get out of our comfort zones. He defines fear and explains how it works in our lives. The podcast has good ideas of places to network and people to network with. Zack believes it becomes a way of life if you will only go out and do it, i.e., practice.

The question that Zack Childress poses on every podcast is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? His mission is to help you find the answer.  

We've been talking about markets a lot lately. But it doesn't matter what the market's doing or what investment strategy you're using if you don't first build a strong team around you.

If you find a hot property, you want to move on it quickly. That requires a vetted team of people with various skills.

You will need to work with real estate attorneys or title companies to help you with closings. You'll need a property management company that you trust. You'll need a contractor (or a few) and a handyman or two.

 "Your success is equal to your ability to invest in yourself."

Think of building your team as an investment. These people are going to work beside you. They will benefit from your success and you will benefit from theirs.