The Investor Empowerment Series Radio Show

Episode #66 of the Investor Empowerment Series Radio Show dives deep into the numbers on a property I purchased at $12k back in 2008 and put $20k in rehab costs into.

I rented this property for $1100 per month for about the last 9 years give or take. Sound like a great deal to you???

Maybe, Maybe NOT.

Ghetto Deal or NO Deal, you decide...

Listen up to hear all the juicy details on whether or not you think this investment was actually worth it or not.

Tell me your opinion or quesitons- [email protected]

There are many opportunities to create thousands of dollars of savings in real estate investing, whether it be for 1 deal a year, or 10.

Don't be reluctant to take advantage of the many money saving programs and opportunities available to the real estate investor even if it's just your first deal, or your last.

These relationships, which my co-host Dan Clarton and I discuss at length in this podcast are readily available to you no matter how many projects you are involved in, have completed, or are planning to do. And it's our goal to assist you in connecting with the right people to do this successfully and more profitably for your real estate investing business.

Join us at our next meetup on Nov. 14, 2017, at the offices of TANIS Group. Doors open at 630pm CST, there is a $10 charge at the door, pizza and refreshments provided to all attendees. If you can make it.

Truth be told, we had an investor fly out from Denver to attend one of our meetings this year, which was AWESOME! Now I am not suggesting something of that magnitude, as once we host the meeting, we are going to record another episode covering what we talked about for our meetup!

At this meeting we will reveal the "Big Secret" to saving thousands on your next real estate transaction, and how you can take advantage of it at no cost, membership fee, or financial involvement on your part whatsoever.

RSVP HERE

My tenant's will fix up my rental for me at their own cost?!?

Today's guest, Doug Kowalewski and I, hash over the different methods that investors can utilize to both acquire and rent out properties via lease option/lease-purchase.

Whether you're seasoned or a 'newbie', this strategy can be beneficial on multiple levels.

On this episode, Doug and I discuss real life examples of lease option situations where the tenant's purchased an option up front, fixed up the house, and provided an above average rental amount and return during the duration of the lease contract.

We also discuss structuring the lease option contract for a successful relationship between the landlord and the tenant.

If you've considered this method but are still on the fence about the opportunity and how to make it work for you, this episode is for you!

Gang-

On today's rocking episode, we review the results of marketing last week's "Deal of the Day" and the outcome, and talk about the new opportunity we are currently providing ONLY to our prestigious network of podcast listeners, and our network meeting attendees.

This $150000 opportunity in Palatine IL, an affluent suburb of Chicago in a great school district and a GREAT area has an ARV of $250000 and needs approximately $30000 worth of rehab work.

Listen for all the juicy details!

Today's quickie episode is to market out to my podcast audience an opportunity in Lindenhurst, IL.

This property was listed on the MLS, we received a Cash Offer as a wholetail deal, and in the process, the buyer asked about our willingness to seller finance the transaction.

Well, let's just say things got a bit squirrely as we realized that the buyer potentially didn't have enough capital to close.

But, that made us open our minds to the ability to seller finance this deal to our network of listeners, and benefit someone that we actually could connect with again in the future-- YOU.

This property is a 3/2 with a detached 2 car garage, the house is on a crawl space, and the second bath is "roughed in" and needs to be finished.

Listen up for all the juicy details!

[email protected] if you are interested in learning more about this SELLER financed opportunity.

Visit our meetup at www.investor-empowerment-chicago.com, stop by and say hi, have a beer, coffee, water or soda.

Last weekend I had a great experience at a seminar in Dallas in a new to me "mentoring" type group I am considering joining.

While at the seminar I met some incredible investors doing deals as small as a few single family houses up to some that had just closed multi-hundred unit transactions this year. And even one investor I collaborated with that had built up his apartment unit portfolio to 1900 apartments in just a few years... AMAZING!!!

Do you need to be born out of the gate with a golden spoon or do you think it's possible you can become the product of those you choose to surround yourself with and partner with?

Check out this episode to learn more about private lending, Self-Directed IRA investing and approaching candidates by just being yourself, and surrounding yourself with the right network of people to lead to success!

Thanks for Supporting me in 60 AWESOME episodes...

Today's podcast: Financing Options for Real Estate Investors!

Options for buyers with bad credit and no money:

Take over payments i.e. Subject2

Contract for deed (Installment land contract)

Partnering with qualified person and contribute labor

Lease option

Credit repair in process

Options for buyers with reasonable credit and little or no money:

Consider all options above

$100 down payment for HUD owned homes, repairs included if using 203k loan

USDA no down payment mortgage

VA mortgage

IHDA down payment grant (Currently $9,000)

Loan obtained from IRA

100% funding from companies like Pathway Financial

Options for buyers with some money or assets and reasonable credit:

Consider all options above

Standard mortgage (This is the cheapest source of funds)

Home equity line of credit

Line of credit from bank or asset based lender

Private equity

Joint venture with other able investors

Hard money

Options for seasoned investors to accelerate objectives:

Consider options above

Crowd funding

Commercial line of credit

Self-managed real estate IRA

Establish a capitalized corporate entity

On Today's SUPER AWESOME show we interview our guest Mark Faustrum, a newer investor getting his start about 1 year ago and already taking on 6 deals under his belt.

Mark is still currently employed with a Full Time J-O-B working as an emergency dispatcher for police and fire departments in the suburbs of Chicago, jumped in headfirst, without any formal real estate investment education, and is on strong path to success. That's right, no bootcamps, BS, or billions spent making other people money.

Mark "accidentally" fell into his first deal, a 2 flat owned by a co-worker's daughter, and after evaluating the numbers, realized that if he owned a few more like that one, he could potentially subsidize his income exponentially.

This is a great episode for those wondering if it's possible, what it takes, and how to manage getting started in real estate investing while still employed for the "man." (Or "woman.")

Mark started off buying his first deal with conventional financing, and since has utilized hard money, "delayed" financing, and cash.

Another episode not to be missed

On this episode of the Investor Empowerment Series Radio show we cover something I titled "Finding Deals in Your Spare Time... If there is such a thing!"

Point being, when you have a free minute, maybe on a lunch break, maybe at night after the kids go to bed, maybe when you wake up at 430am because you just read the book "Miracle Morning" by Hal Elrod, take some time dedicated to your real estate investing business.

I find that spending just 10-20 minutes a day scouring the internet, MLS, web based auction platforms, etc. Often leads to increased familiarity with your local market and better understanding of "what" a deal looks like. When you're just browsing as you'll start to notice trends, up and down, of your local housing stock, which will assist you in determining on whether or not you should be making an offer on a property or getting access to inspect it.

I review my experiences over the last week when I took approximately 1 hour of my "spare time" while my kids were playing in their room and discovered 3 potential deals, 2 of which I offered on that day sight unseen, and 1 that was accepted.

Listen in to find out the details...

On today's podcast we review a wholesale deal that I am offering out to the listening public available in Elgin, Illinois. This deal has a profit potential of up to $50,000 depending on exit strategy. Tune in now to hear about the opportunity

If you're not interested in buying a property in Elgin, IL, then stay tuned as there is a twist that may interest you and I'd consider checking out no matter what city you invest in.

Rate me on iTunes and wherever else you can find me!

Contact me via email at [email protected]