🎙️ Welcome to the Show! 🎙️

Today, we're diving into real estate investing, specifically the niche of wholesaling real estate. This niche has gained a lot of popularity because of its low barrier to entry, meaning you don't need a ton of cash to get started. Based on my experience, I'll share some insights into wholesaling real estate. 🏡✨

In this episode, we will cover:

• Startup costs and budgeting for your wholesale business 💼💵
• Earning potentials 💰📈
• Who wholesaling real estate is good for 👥🏘️
• What you need to get started 🛠️🔑
• Pros and cons ⚖️🤔
• How to prepare and study before starting 📚📝
• Legal and insurance protection 📋🛡️
• Scaling your wholesaling business 📏🚀

Real estate wholesaling involves connecting a buyer and a seller, and getting paid by the buyer for getting a property under contract. You can wholesale anything from mobile homes to malls. We'll focus on the assignment side of wholesaling in this conversation. 🏢🏘️

🎧 Check out my podcast, "The Moonlight Real Estate Side Hustle and Syndication Show," where we cover all aspects of real estate investing, including wholesaling, Airbnb, and syndicating. Hear stories from successful individuals who started these ventures as side hustles and have since gone full-time. 🌕🏠

Visit my website at ericlindseyml.com. Enter your name and email for three free PDFs on:

1. Wholesaling real estate 🏡📄
2. Wholesaling mobile homes 🚐📄
3. Making $100,000 per year from a side hustle, with 10 steps to complete the process 💸🚀

We're concentrating on assignment wholesaling—getting a property under contract and connecting a seller to a buyer who will pay a higher price. 📝🔗

Wholesaling real estate is suitable for anyone wanting to earn extra money, but it’s not an overnight process. It might take months or even years to close your first deal. For example, my first wholesale transaction was a triplex that I found through a for rent sign. Every transaction is unique, and sometimes you need to assist the seller in various ways, like paying for moving services. 🚚🏠

Stay tuned for more insights and tips on wholesaling real estate and making it a successful side hustle! 🌟💪

👉 Listen to the Podcast 🎙️
🌐 Website: ericlindseyml.com
📅 Schedule a Call with Eric: Calendly Link
🔗 More Information About Eric Lindsey: Linktree

#RealEstate #Wholesaling #SideHustle #Entrepreneurship #Investing #SmartInvesting #MoonlightRealEstate #Podcast

In this episode, Eric Melnikoff shares his experience balancing his responsibilities as a real estate broker while being an active real estate investor.

🔑 Key Takeaways:
🕒 Effective Time Management: Eric balanced his brokerage commitments with real estate investment tasks through effective time management and strategic planning. He scheduled specific times for investment activities, ensuring consistency.
🧩 Strategic Planning: He leveraged his network to efficiently handle various aspects of his investments, from acquisition to renovation and selling.
🤝 Persistence and Networking: Eric emphasized the value of coaching, mentorship, and networking in his success. He suggested that aspiring investors should seek learning opportunities and surround themselves with experienced professionals.
📋 Real Estate Transaction Breakdown from Our Discussion Take notes and learn how Eric completed a recent transaction:
🏠 Decision-Making Process: Eric identified a condo priced at $220,000, significantly below its market value. He conducted thorough research and market analysis to evaluate its potential resale value, focusing on properties with high return potential through strategic improvements.
📝 Acquisition and Initial Management: He secured the property with a $5,000 deposit, ensuring all legal and financial documentation was in place. Eric planned renovations to enhance the property's value, coordinating with contractors and inspectors to assess and plan the required improvements.
🛠️ Management During the Investment: Eric maintained close oversight of the renovation process, ensuring the work stayed within budget and met quality standards. His hands-on approach included regular site visits and coordination with contractors to address any issues promptly.
💰 Exit Strategy: Eric's exit strategy involved flipping the property for a profit. After completing the renovations, he listed the condo for $325,000. Utilizing strategic marketing techniques, the property sold swiftly, netting him a $32,000 profit.
🗝️ Key Takeaways from Eric Melnikoff's Experience in Managing a Real Estate Brokerage and Buying Real Estate Part-Time and How You Can Use Them:
🕒 Effective Time Management: Utilize specific times for real estate activities to ensure consistency and balance with your business commitments.
🧩 Strategic Planning: Leverage your network and plan renovations efficiently to enhance property value.
🤝 Persistence and Networking: Seek coaching, mentorship, and networking opportunities to gain valuable insights and guidance.
By applying these takeaways—managing time effectively, leveraging strategic planning, and persistently networking—aspiring real estate investors can navigate the challenges of the industry and achieve similar success.
#RealEstateInvesting #SideHustle #FinancialFreedom #ProfessionalGrowth #RealEstateSuccess #Warriors

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Listen to This Episode Where I Document My Journey of Managing Side Hustles and Real Estate Syndications 🎙️🏠

Summary of the Episode:
In this episode, Eric Lindsey discusses how he balances a full-time job with multiple side hustles, focusing on strategic planning and time management. He dedicates specific hours daily to side hustle activities without compromising his job responsibilities. Eric’s approach includes setting clear goals, maintaining a balanced schedule, and leveraging available resources to ensure consistent progress. 📅🛠️

Eric explains syndications as a method where individuals pool resources to invest in expensive real estate properties. He shares his journey of finding deals and bringing them to investors, enabling him to acquire properties with little to no personal investment. This includes selling his mobile home park and joining a mastermind group, which helped him buy a 78-unit mobile home park in Tennessee, growing his portfolio to 111 units and generating passive income. Throughout this journey, he continues to work full-time, demonstrating that substantial success is achievable through disciplined effort and smart planning. 🏘️💵

Key Insights from This Episode:

• Create Passive Income: Focus on owning and renting properties to generate ongoing revenue. 💰🔑
• Property Management: Hiring a property management company can simplify the process and yield significant passive income. 🛠️🏢
• Educational Resources: Recommended reading includes "Rich Dad Poor Dad," which highlights the importance of building businesses and creating passive income over seeking job security. 📚💼

Next Steps for Moonlighters:
Visit ericlindseyml.com to download free PDFs on wholesaling real estate, wholesaling mobile homes, and making $100,000 per year from a side hustle. Incorporate passive income strategies into your side hustle for financial growth. 🌐📄

Tune in to hear more about Eric’s journey and insights on successful real estate investing! 🎧🏡
#RealEstateInvesting #SideHustle #FinancialFreedom #ProfessionalGrowth #RealEstateSuccess

Website: ericlindseyml.com
Schedule a Call with Eric: Calendly
More Information About Eric Lindsey: Linktree

Retiring Early Through Real Estate: Why Powell Chee Left an Amazing Career 🌟🏡💼
Curious about balancing a full-time job and real estate investing? In this episode, Powell Chee shares his experience managing self-storage and multifamily properties while maintaining a corporate sales job and family commitments.
🔑 Key Takeaways:
• ⏰ Time Management: Powell utilized early mornings for personal development and real estate tasks, dedicating up to three hours daily to activities like meditation, reading, exercising, and underwriting deals.
• 🏦 Flexibility and Strategic Planning: Powell made calls and listened to podcasts while driving between appointments, leveraging the flexibility of his sales job to stay productive.
• 💪 Persistence and Networking: Powell's success in securing financing for a large self-storage portfolio, despite rising interest rates, highlights the importance of persistence and networking. He communicated with various lenders and adapted to their requirements to close the deal successfully.
🏢 Real Estate Transaction Breakdown
Powell's notable deal in four steps:
1. 📊 Decision-Making Process: Identified an opportunity to purchase a portfolio of seven self-storage properties in Texas. Leveraged an existing relationship with a broker who advised him to submit a lower offer.
2. 📈 Management During Investment: Faced challenges securing financing due to rising interest rates and varying lender requirements. Communicated with regional banks, local banks, credit unions, debt funds, bridge lenders, CMBS lenders, and life insurance companies.
3. 🚀 Execution and Overcoming Hurdles: The transaction extended into 2023 due to interest rate volatility. Continuous communication with lenders and adapting to their requirements ensured the deal closed successfully.
4. 💡 Exit Strategy: Plans to enhance the portfolio's value through improved management and increasing occupancy rates. The exit strategy involves selling the portfolio at a higher value or holding it for steady cash flow and long-term appreciation.
🗝️ Key Takeaways from Powell Chee's Experience in Real Estate Investing and How You Can Use Them
• ⏰ Effective Time Management: Utilize early mornings for personal development and real estate tasks to maximize productivity.
• 🏦 Flexibility and Strategic Planning: Leverage job flexibility for real estate activities and strategic planning.
• 💪 Persistence and Networking: Communicate persistently with lenders and adapt to their requirements to secure financing.
By applying these takeaways—managing time effectively, leveraging job flexibility, and persistently networking—aspiring real estate investors can navigate the challenges of the industry and achieve similar success.
📞 Contact Information
To connect with Powell Chee and learn more about his work, reach out to him via social media. He is active on platforms such as LinkedIn, where he shares insights and updates on his real estate ventures.
#RealEstateInvesting #SideHustle #FinancialFreedom #ProfessionalGrowth #RealEstateSuccess

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

🏠 Tristan Trenberth Shares His Journey from Tech Professional to Successful Real Estate Investor 💼
Curious about real estate but juggling a full-time job? Check out our latest podcast episode where Tristan Trenberth shares his journey from tech professional to successful real estate investor, showing it's possible even with a busy schedule!
🔑 Key Takeaways:
⏰ Time Management: Tristan managed real estate activities during weeks without his kids, leveraging evenings and weekends around his day job.
🏦 Leverage Resources: Full-time job helped Tristan access conventional debt and contribute to his 401k, later used for real estate investments.
🤝 Collaboration is Key: Partner with others who have complementary skills to maximize efficiency.
📚 Financial Literacy: Understand various investment strategies and tax benefits to build long-term wealth.
🔍 Preforeclosure Process:
Listen to this episode to hear about Tristan's preforeclosure deal that he closed and learn how to complete a preforeclosure deal also. Tristan explains that preforeclosure involves properties behind on taxes or mortgage payments. By working with title companies for data, and banks to push auction dates, investors can secure deals before foreclosure.
📋 Real Estate Transaction Discussed - Take Notes and Learn:
Tristan's notable deal included a joint venture to stop an auction, purchase a property in preforeclosure, and manage a reluctant seller through court processes. After overcoming numerous obstacles, the property was turned around and sold within a year.
💼 Tristan's Coaching Advice for Real Estate Investors:
Tristan advises new investors to focus on collaboration and leveraging others' expertise. He highlights the importance of knowing your numbers, hiring top professionals, and understanding the long-term impact of tax strategies. Emphasizing a narrow focus and deep expertise in one area, Tristan underscores the significance of financial literacy and strategic partnerships.
📈 Learn how to balance a career and a thriving real estate side hustle, leveraging time, collaboration, and financial knowledge to achieve success.

#RealEstateInvesting #SideHustle #FinancialFreedom #ProfessionalGrowth #RealEstateSuccess

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Listen to This Episode Where I Document My Journey of Buying My First Commercial Piece of Real Estate Mobile Home Park During COVID 📢

Summary of the Episode:

During COVID, I shifted my focus entirely to wholesaling mobile homes. This pivot happened after wholesaling one last house right near my residence. 🏠🚐

I bought my first commercial piece of real estate—a mobile home park—for $30,000 with owner financing. The seller wanted $180,000, and I provided $30,000 as a down payment. Twelve months later, I sold the park for $330,000, netting a $150,000 profit. This experience taught me that wholesaling is just another job without creating passive income. I realized the importance of buying real estate, renting it out, and never selling. 📈🏘️

Key Insights from This Episode:

• Create Passive Income: Owning and renting properties generates ongoing revenue, unlike the transactional nature of wholesaling.
• Property Management: Hiring a property management company can simplify the process and still yield significant passive income.
• Educational Resources: Recommended reading includes "Rich Dad Poor Dad," which highlights the importance of building businesses and creating passive income over seeking job security. 📚💼

Next Steps for Moonlighters:

Visit my website, ericlindseyml.com, to download free PDFs on wholesaling real estate, wholesaling mobile homes, and making $100,000 per year from a side hustle. Incorporate passive income strategies into your side hustle for financial growth. 🌐📄

Tune in to hear more about my journey and insights on successful real estate investing!

#RealEstateInvesting #SideHustle #FinancialFreedom #ProfessionalGrowth #RealEstateSuccess

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Listen to This Episode Where I Share Some of My Story About My Side Business and Dealing with Dishonest People and Having to Change Strategies During COVID 📢

Real Estate Moonlighter: I am Eric Lindsey, and I operate a real estate side business owner who makes $100,000 a year on the side of my full-time job. 💸🏡

I wholesale real estate and mobile homes, and operate a syndication business, while maintaining my W-2 income as a carpenter. 🛠️🏘️

Recommended Resources:
 Podcasts for Learning:
 
BiggerPockets: Great for starting in real estate as a side hustle. 
 
Moonlight Real Estate Side Hustle and Syndication Show: My podcast on various investing niches, including wholesaling and syndications. 🌙🎧

Wholesaling Inc.: This is the best podcast for learning wholesaling, which helped me earn significant side income. 💼📈

Tips for Side Hustles:
Get Free Resources: Visit https://ericlindseyml.com/to download my 10-step framework and three free PDFs on wholesaling real estate, wholesaling mobile homes, and making $100,000 per year on the side. 📄💻

Strategic Learning: Much of the information from coaching programs can be found for free online. Take the time to research and learn from credible sources. 🔍📚

My Journey and Personal Experience:
First Deal: I earned $7,500 from my first wholesale deal in the Westport area of Kansas City, Missouri. 🏘️💵

Pivoting During COVID-19: I switched to wholesaling mobile homes when the housing market took a hit, and it remains profitable. 🚀🏠

Practical Advice:
Be Cautious when considering Coaching Programs: You really don’t have to buy a coaching program because a lot of the information that you will receive from a coaching program can be found  for free on the internet. Research a coaching program thoroughly before selecting one. ⚠️💡

Networking Value: The value in coaching programs is the network of people that are willing to work with you within the group. 🤝🌐

Learn from Experts: Seek advice from proven experts with a solid track record in the field you are choosing to pursue. 🎓🧠

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

Are you a busy professional intrigued by real estate? Dive into our latest podcast episode where Darcy, a seasoned investor with 23 years of experience, discusses his transition from traditional investments to real estate development, perfect for those with limited time.
 
 🔑 Why Opt for Development? Development projects are ideal for those seeking significant gains without long-term entanglements. Learn about Darcy's use of "micro strategies" like upzoning and lot assembly, which can boost property values with minimal effort, making it a great side hustle. The development offers a creative way around rent controls, providing flexibility and the potential for higher profits.
 
 💼 Preference for Development Over Other Niches: Darcy favors development for its quick turnaround and potential for high returns, avoiding the complexities and regulations associated with rental properties.
 
 💡 No Rent Control Headaches! Development offers a pathway around the frustrations of rent control. By focusing on creating new properties or enhancing existing ones through strategic zoning changes, you not only avoid the limitations of rent control but also contribute to revitalizing communities.
 🎧 Listen to the full episode to discover how you can successfully manage small-scale development projects alongside your primary career, and achieve substantial profits with minimal hassle.
 
 
 Start your journey in real estate
development today and make it fit your busy lifestyle!
 #RealEstateInvesting #SideHustle #ProfessionalGrowth #RealEstateDevelopment #FinancialFreedom

Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey

LISTEN TO THIS EPISODE TO HEAR ABOUT HOW WORKING 5 HOURS ON A REAL ESTATE INVESTMENT MADE ME $125K FOR 5 HOURS OF WORK. 

Learning about real estate can present very rare opportunities while having no money or low money (full disclosure this is not normal or typical). Nevertheless, I do know people that have made significantly more than this more times than just once.

In our latest podcast episode, I dive deep into my journey from facing challenges in mobile home flipping to securing a massive win with mobile home parks. 🏡

Learn how I turned a challenging start into a $125,000 success story by simply connecting the right people. It's all about education, recognizing the need to pivot, and taking bold actions. 💡

👉 Check out the episode for actionable insights and visit our website for FREE resources to kickstart your journey in real estate and side hustles. Don't miss out on learning how to turn opportunities into real gains!

🌟 In This Podcast I Document My Journey From Construction Layoffs Into Side Hustles Of Real Estate & Small Business 🌟
Key Insights:

Transition from Pursuing Job Security to Pursuing Financial Security: Discover the journey from a stable yet restrictive construction job to embracing entrepreneurship for enhanced financial control. 🛠️🔄
Challenges and Triumphs in Side Hustles: Delve into the early challenges and eventual success of starting a janitorial business, followed by a strategic pivot to real estate investing. 🧹🏘️
Empowerment Through Real Estate: Learn how engaging with platforms like BiggerPockets and venturing into wholesaling provided the necessary tools and knowledge for real estate success. 📈🏠
Practical Steps for Success: Visit ericlindseyml.com for resources that provide actionable steps to thrive in real estate and side hustles. 🌐💼
Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey