how I went from $0 to $50k per month through real estate in less than a year

00:45:56
https://www.youtube.com/watch?v=UkEp8fuAvww

Resumo

TLDRIn this video, the creator shares an inspiring transformation story from a college student deeply in debt to a thriving real estate investor earning substantial monthly income. It covers an in-depth guide on starting from scratch in real estate, focusing on significant aspects such as mindset mastery, business establishment, networking with top professionals, and real estate investment strategies. The video emphasizes changing one's mindset by developing discipline and acknowledges the importance of personal accountability. Practical steps are shared on how to network efficiently to find off-market real estate deals and the tactics to manage properties. It delves into wholesaling, flipping properties, and how to turn the real estate business into a lucrative endeavor even with minimal initial investment. Social media's role in expanding the business and building a personal brand is highlighted. The presenter further offers advice on utilizing financial strategies like leveraging, refinancing, and legal tax deductions to maximize income. Concluding with an opportunity to join a mentoring program, the video offers both free resources and potential direct partnership for substantial growth. The content aims to provide viewers with a comprehensive roadmap to significantly increase income through real estate in just 90 days.

Conclusões

  • 💪 Transform your mindset for success.
  • 🏠 Start with real estate through wholesaling, costing nothing upfront.
  • 📈 Build a network by attending real estate meetups.
  • 📅 Cultivate discipline over motivation for sustainable success.
  • 📊 Leverage social media to build your brand and attract deals.
  • 💼 Maximize profits with smart investment and expense strategies.
  • 🚀 Scale your business using other people’s money.
  • 📚 Educate yourself continually on real estate and business.
  • 🔄 Use refinancing and manage debts wisely.
  • ⚖ Understand and apply legal tax minimization strategies.

Linha do tempo

  • 00:00:00 - 00:05:00

    The speaker shares a personal success story, transitioning from a broke and unhealthy college student to a highly successful real estate professional making over $40,000 a month. He highlights his achievements in real estate, including closing over $4 million in transactions and acquiring several rental properties. The video promises a comprehensive guide to achieving similar success in real estate, providing viewers with a detailed step-by-step process to start from scratch.

  • 00:05:00 - 00:10:00

    The speaker introduces key principles for achieving success in real estate, emphasizing ethical behavior, discipline, and mindset control. He discusses the importance of networking and building relationships for finding funding and scaling a real estate business. Building a personal brand and becoming locally recognized as a real estate expert are also highlighted as essential strategies for growth.

  • 00:10:00 - 00:15:00

    A significant focus is placed on mindset mastery as the foundation for success. The speaker outlines a daily routine that includes exercise, skill learning, and self-discipline. He stresses the importance of having a positive mindset and taking ownership of one's circumstances. The need to maintain discipline over motivation and acknowledge feelings without letting them dictate actions is emphasized.

  • 00:15:00 - 00:20:00

    The speaker details the basics of real estate investment strategies, including wholesaling, buying, flipping, and listing properties. He provides a script for cold calling potential leads and explains how to compute property values and make profitable offers. The importance of building a solid cash buyers list and navigating the complexities of wholesaling contracts is also covered, with practical advice on how to get started in real estate investment without significant capital.

  • 00:20:00 - 00:25:00

    The importance of mindset and discipline is reiterated, with a focus on how these qualities translate into business success. The speaker provides insights into wholesaling as a starting point in real estate, offering strategies to find and secure deals without upfront costs. He also discusses various methods of lead generation and the significance of identifying motivated sellers for successful transactions.

  • 00:25:00 - 00:30:00

    The speaker provides a comprehensive guide on becoming a real estate agent, detailing the steps involved in getting licensed and building a successful career. He stresses the importance of networking and scripts for communicating effectively with clients. The speaker shares insights on the benefits of obtaining a real estate license and how it can expand income opportunities through multiple business strategies.

  • 00:30:00 - 00:35:00

    The speaker explores rental property investment, particularly focusing on Section 8 housing as a strategic move for steady cash flow. He emphasizes the importance of understanding housing regulations and using specific financial strategies to ensure profitability. The use of real estate agents to navigate transactions and the importance of sound investment decisions are highlighted as keys to success in property management.

  • 00:35:00 - 00:40:00

    Various strategies for managing and scaling a real estate investment business are discussed, including leveraging other people's money and managing properties efficiently. Tips on real estate tax benefits, including depreciation and cost segregation, are provided to help minimize taxes legally. The speaker discusses the importance of consulting with professionals for tax optimization in real estate.

  • 00:40:00 - 00:45:56

    The conclusion reinforces the potential profitability and freedom offered by real estate investing. The speaker encourages viewers to apply the provided strategies and mindset tips to transform their financial situation. He offers further engagement opportunities through mentorship and promises continued guidance for those interested in pursuing real estate success. Overall, the video provides a motivational and practical blueprint for achieving financial independence through real estate.

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Perguntas frequentes

  • How did the speaker start in real estate?

    The speaker began by educating himself, networking, and finding off-market real estate deals. He leveraged social media and contacts to secure his first deals.

  • What is the importance of mindset according to the speaker?

    Mindset is crucial; it involves discipline, accountability, and confidence which are necessary for business success and personal growth.

  • How can one find off-market real estate deals?

    Through consistent networking, attending real estate investment meetups, cold calling, driving for dollars, and using public records.

  • What is the speaker's approach to flipping houses?

    The approach involves purchasing under-market properties, renovating them, and selling at a profit using various strategies, including investor networking and leveraging equity.

  • How does the speaker manage to work only 4 hours a day?

    By establishing effective systems, leveraging social media for networking, automating processes, and focusing on high-value tasks.

  • What is wholesaling in real estate?

    Wholesaling involves getting a property under contract and then selling the contract to another buyer for a profit.

  • What books does the speaker recommend for success?

    The speaker recommends books such as 'Can't Hurt Me' by David Goggins, 'Extreme Ownership' by Jocko Willink, and 'Rich Dad Poor Dad' by Robert Kiyosaki.

  • How does social media help in real estate according to the speaker?

    Social media allows for networking, building a personal brand, and attracting deals and investors by consistently offering value and content related to real estate.

  • What is the role of financial management in real estate investment?

    Financial management involves understanding and using leverage, refinancing, managing debts, and utilizing tax strategies for investment growth.

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  • 00:00:00
    in the past 3 years I went for being a
  • 00:00:02
    fat broke and lazy college student who
  • 00:00:04
    was over $30,000 in debt and lost all of
  • 00:00:07
    his money in the stock market to a fit
  • 00:00:09
    and healthy man who's making over
  • 00:00:11
    $40,000 per month my first year in real
  • 00:00:14
    estate I closed over $4 million in
  • 00:00:16
    transactions last month alone I bought
  • 00:00:18
    five new rental properties and this week
  • 00:00:20
    alone I have over $500,000 pending in
  • 00:00:23
    new Investments all while working less
  • 00:00:25
    than 4 hours a day and in this video I'm
  • 00:00:27
    going to walk you through every single
  • 00:00:29
    step I would take to start real estate
  • 00:00:31
    from scratch and go from $0 to $40,000
  • 00:00:34
    profit per month and I'm talking every
  • 00:00:36
    single step you're going to have the
  • 00:00:38
    literal blueprint that will take you
  • 00:00:40
    from being broke to making $440,000
  • 00:00:42
    every single month quick disclaimer this
  • 00:00:45
    video is going to be packed with
  • 00:00:46
    incredibly valuable details so if you
  • 00:00:49
    don't have the focus to watch this video
  • 00:00:51
    take everything in and apply it even
  • 00:00:53
    though it would probably get you
  • 00:00:55
    everything you've ever wanted in life
  • 00:00:56
    and more i' just click off now but for
  • 00:00:58
    those of you who want to succeed Escape
  • 00:01:00
    that 9 to5 have that Financial Freedom
  • 00:01:02
    where you can take care of yourself and
  • 00:01:04
    your family and finally travel the world
  • 00:01:07
    and take control of your life watch this
  • 00:01:09
    video all the way through and implement
  • 00:01:11
    the exact steps that I'm about to reveal
  • 00:01:14
    to you this is The Ultimate Guide to
  • 00:01:16
    lifechanging success in real estate the
  • 00:01:18
    no BS approach that will take you from
  • 00:01:20
    $0 to $10,000 a month in just 90 days
  • 00:01:23
    okay there's not a single video like
  • 00:01:25
    this in existence for free at all not
  • 00:01:27
    even on YouTube there is this is nowhere
  • 00:01:29
    to be found this information is so
  • 00:01:32
    incredibly valuable that it will take
  • 00:01:34
    you to your first five figure month in
  • 00:01:36
    no time first off why should you listen
  • 00:01:38
    to me well that was me four years ago
  • 00:01:41
    about to go $38,000 into student debt
  • 00:01:43
    and car loans who was fat as to be
  • 00:01:46
    honest with you and then that's me four
  • 00:01:48
    years later making $48,000 a month happy
  • 00:01:50
    fit and healthy that is why you should
  • 00:01:52
    listen to me but again if you don't
  • 00:01:54
    believe that let's go into some more
  • 00:01:55
    details here okay so I've done over $5.1
  • 00:01:59
    million in real estate transactions
  • 00:02:01
    while still in college yes I'm still in
  • 00:02:03
    school I haven't even graduated yet and
  • 00:02:04
    we've already done over $5.1 million in
  • 00:02:07
    real estate transactions I'm going to
  • 00:02:08
    take you through a couple of the deals
  • 00:02:10
    that I worked with so this is the first
  • 00:02:12
    flip that I ever bought I paid $62,000
  • 00:02:16
    to close plus attorney fees on retainer
  • 00:02:18
    which were about $2,000 Renovations
  • 00:02:20
    costed us
  • 00:02:22
    $113,000 for this and then the arv was
  • 00:02:24
    290,000 arv is after repair value
  • 00:02:27
    subdivision and Paving we're actually
  • 00:02:29
    going to build a new build on this lot
  • 00:02:31
    and it's going to cost us a lot to
  • 00:02:33
    subdivide and pave and that's going to
  • 00:02:35
    cost us about 16,000 the new build cost
  • 00:02:38
    was
  • 00:02:40
    $216,000 so that was the new build going
  • 00:02:42
    up and then the sale price of that new
  • 00:02:44
    build should be around
  • 00:02:46
    $310,000 so the total estimated profit
  • 00:02:49
    for this one deal is
  • 00:02:52
    $187,000 and that will all be completed
  • 00:02:54
    within a year and so that was found by
  • 00:02:56
    just consistently posting on Facebook
  • 00:02:58
    it's this house right here someone just
  • 00:02:59
    said said hey we'll sell you this house
  • 00:03:01
    I was just because I was a young guy
  • 00:03:03
    post on Facebook and they like the
  • 00:03:04
    hustle this was my first ever accepted
  • 00:03:06
    offer on an investment property and it
  • 00:03:09
    turns out we massively underestimated
  • 00:03:11
    the construction budget and decided to
  • 00:03:13
    terminate the agreement because this
  • 00:03:15
    thing you see this Red Roof yeah they
  • 00:03:16
    installed that over a rotting roof so we
  • 00:03:18
    couldn't see that but when we went up
  • 00:03:19
    under there it was completely rotting
  • 00:03:22
    the facial board and all that yeah and
  • 00:03:24
    now added like another 40K to our budget
  • 00:03:26
    because we had to replace the entire top
  • 00:03:28
    part of the house just wasn't worth it
  • 00:03:30
    and so this right here we bought it this
  • 00:03:32
    is one unit or this is two units out of
  • 00:03:34
    the four units of this property we
  • 00:03:36
    bought into this property with $775,000
  • 00:03:38
    in equity and $1,000 in positive cash
  • 00:03:41
    flow in just the first month and that is
  • 00:03:43
    being improperly managed so once we come
  • 00:03:46
    in and do Force depreciation which is
  • 00:03:48
    raising the rents getting this thing
  • 00:03:49
    accurately and we have a government
  • 00:03:51
    program that's going to pay us an extra
  • 00:03:53
    $2,400 a month in cash flow so we're
  • 00:03:56
    going to be getting about
  • 00:03:57
    $2,900 in cash flow per month plus
  • 00:04:00
    another $150,000 en forced appreciation
  • 00:04:02
    that will go straight to our pocket that
  • 00:04:04
    is the power of cold calling this one
  • 00:04:06
    was from driving for dollars and cold
  • 00:04:08
    calling and and asking the question do
  • 00:04:10
    you have any other properties you'd be
  • 00:04:11
    willing to sell and then I also am a
  • 00:04:13
    real estate agent and this deal alone
  • 00:04:15
    made me
  • 00:04:16
    $29,000 and that was literally just from
  • 00:04:18
    talking to people at the gym about real
  • 00:04:20
    estate cuz I talk about real estate
  • 00:04:21
    every single place I go no joke and
  • 00:04:23
    listen I've helped countless people
  • 00:04:25
    transform their life financially
  • 00:04:27
    mentally and physically and I'm here
  • 00:04:29
    here to help you do the same these
  • 00:04:30
    people have paid me tens of thousands of
  • 00:04:33
    dollars to help them transform and I'm
  • 00:04:35
    giving you this knowledge for free I
  • 00:04:36
    hope they don't kill me but at the end
  • 00:04:38
    of the day I want you all to succeed so
  • 00:04:40
    let's do it so what we're going to cover
  • 00:04:42
    today first how do we take control of
  • 00:04:43
    your mindset okay and then how do we
  • 00:04:45
    determine our own outcome once we have
  • 00:04:48
    that we can talk about business how to
  • 00:04:49
    establish yourself in the real estate
  • 00:04:51
    industry how to find off-market real
  • 00:04:53
    estate deals which is what makes you the
  • 00:04:54
    most money how to network with top
  • 00:04:56
    performing professionals how to give
  • 00:04:58
    people to give give you money for
  • 00:05:00
    properties that property I bought this
  • 00:05:02
    the first property I ever bought was
  • 00:05:03
    $62,000 guess how much I paid out of
  • 00:05:05
    pocket $0 I had a private lender give me
  • 00:05:07
    100% of the money how did I find him by
  • 00:05:09
    networking talking to people and knowing
  • 00:05:12
    people of my community and then how to
  • 00:05:13
    scale your real estate business and how
  • 00:05:15
    to become the face of real estate in
  • 00:05:16
    your area we're going to cover all of
  • 00:05:17
    that okay so what we don't do when you
  • 00:05:19
    come to this I'm very ethical I want you
  • 00:05:21
    to know this up front I don't lie to
  • 00:05:23
    people we don't lie to people so if you
  • 00:05:24
    want to be a part of this we don't lie
  • 00:05:25
    to people we also don't accept being
  • 00:05:27
    broke we're not lazy we want to make
  • 00:05:29
    money all of us want to make money we're
  • 00:05:30
    not going to accept being broke we're
  • 00:05:31
    not going to stay fat I was fat as
  • 00:05:33
    you saw that picture of me you can't
  • 00:05:35
    stay fat if you're going to be in this
  • 00:05:36
    you have to get mindset control and
  • 00:05:38
    discipline and then let people's opinion
  • 00:05:40
    dictate your outcome that's not
  • 00:05:41
    happening people are going to talk
  • 00:05:42
    about you people are going to make fun
  • 00:05:43
    of you people are going to hate on you
  • 00:05:45
    you cannot let that affect you at all
  • 00:05:47
    and then we don't quit the last thing we
  • 00:05:49
    do is quit I will not accept quitters
  • 00:05:52
    that is just not how this works if
  • 00:05:53
    you're going to buy in we're buying in
  • 00:05:54
    for the Long Haul simply as that what we
  • 00:05:56
    do is we praise God we focus on self
  • 00:05:59
    betterment we hold ourselves accountable
  • 00:06:01
    we invest in our education we reach
  • 00:06:03
    goals and we never quit if you do all
  • 00:06:05
    that stuff you will be successful okay
  • 00:06:07
    so I'm going to start off with a base
  • 00:06:08
    what is the base of how do we do this
  • 00:06:10
    okay first we have to master your
  • 00:06:12
    mindset and take control of your life
  • 00:06:14
    I'm going to give you a ton of tips to
  • 00:06:16
    do this as soon as we get into the
  • 00:06:17
    actual content of this course then we're
  • 00:06:19
    going to take over the real estate
  • 00:06:20
    industry we have to take over the real
  • 00:06:21
    estate industry to become the face of
  • 00:06:24
    the city which is networking so once you
  • 00:06:25
    become the face of the city you network
  • 00:06:27
    a lot everyone knows you you get access
  • 00:06:28
    to more money get access to more deals
  • 00:06:30
    and it's just way more consistent and
  • 00:06:32
    then we're going to invest once we have
  • 00:06:33
    built our name built our face of the
  • 00:06:35
    City established oursel got some money
  • 00:06:38
    then where it's time to invest we're
  • 00:06:39
    going to buy real estate buy real estate
  • 00:06:41
    buy real estate as much as possible I
  • 00:06:42
    kind of give you a walkth through it's
  • 00:06:43
    15-page guide I'm going to link this in
  • 00:06:45
    the bio it's a 15-page guide where you
  • 00:06:47
    can just go ahead and read this it'll
  • 00:06:49
    teach you everything you need to know
  • 00:06:50
    this course goes extremely into depth so
  • 00:06:52
    you probably won't need this but this
  • 00:06:54
    will give you a quick brief overview if
  • 00:06:56
    you ever forget anything so first thing
  • 00:06:57
    is mindset Mastery look at the
  • 00:06:58
    difference between these two photos all
  • 00:07:00
    right you would not even know this is
  • 00:07:01
    the same person that's how crazy it is
  • 00:07:03
    and it was all because of mindset let me
  • 00:07:04
    tell you my my daily routine so I worked
  • 00:07:06
    out twice a day I was in the sunlight
  • 00:07:08
    two hours minimum so usually I stayed
  • 00:07:10
    and did a did a workout outside that was
  • 00:07:11
    two hours um four hours of learning a
  • 00:07:13
    skill I love to learn and I did that
  • 00:07:16
    because I wanted to make money and the
  • 00:07:18
    only way to make money is to have a lot
  • 00:07:19
    of knowledge and that's all you have to
  • 00:07:20
    do is you have to come in and get it you
  • 00:07:22
    have to learn and be able to provide
  • 00:07:23
    value to others through a skill so
  • 00:07:25
    learning a skill is very important no
  • 00:07:27
    processed foods processed foods are like
  • 00:07:29
    literally the devil you need to stay
  • 00:07:30
    away from that and then pray three times
  • 00:07:32
    or more a day I mean it's so important
  • 00:07:33
    to be in touch with God he's the one who
  • 00:07:35
    provides everything for you he's the one
  • 00:07:37
    who's helped me through absolutely
  • 00:07:38
    everything I can't tell him how much I
  • 00:07:39
    appreciate him and and I you need to do
  • 00:07:41
    that you need to do the same thing as
  • 00:07:42
    well if you plan on being successful so
  • 00:07:44
    give gratitude to 10 people I think it's
  • 00:07:46
    very important to show others how much
  • 00:07:47
    you care and how much you appreciate
  • 00:07:49
    what they've done for you it's extremely
  • 00:07:50
    important because these people will
  • 00:07:51
    change your life if you need help doing
  • 00:07:53
    this I would suggest reading these three
  • 00:07:55
    books if you don't know David goggin he
  • 00:07:57
    is one of the most hard ass men you'll
  • 00:07:58
    ever meet he published a book called
  • 00:08:00
    can't hurt me and never finished my
  • 00:08:02
    favorite one is can't hurt me I think
  • 00:08:03
    everyone should read this first
  • 00:08:05
    especially if you plan on changing your
  • 00:08:06
    life for real and then extreme ownership
  • 00:08:08
    is incredible it's by Joo willink and
  • 00:08:10
    it's one of the key factors of My
  • 00:08:11
    Success due to the fact that everything
  • 00:08:13
    is your fault so let's go a and get into
  • 00:08:15
    the three pillars of mindset Mastery
  • 00:08:18
    okay so the first pillar is Extreme
  • 00:08:19
    ownership it is your fault you're in the
  • 00:08:21
    situation you're in if you're not making
  • 00:08:22
    the money you want the reason is is
  • 00:08:24
    because you're not working hard enough
  • 00:08:26
    it's your fault if you're fat still it's
  • 00:08:28
    not someone else fault it's your fault
  • 00:08:31
    if you're not where you want to be in
  • 00:08:32
    life it is your fault and if something
  • 00:08:34
    happens to you it is all your fault take
  • 00:08:37
    extreme ownership and realize it's no
  • 00:08:39
    one else's problem except for yours this
  • 00:08:41
    guy goes to my gym his name is Barry
  • 00:08:43
    he's hilarious but one thing he teaches
  • 00:08:45
    is discipline over motivation motivation
  • 00:08:47
    runs out but discipline never fails show
  • 00:08:50
    up every day even when you don't want to
  • 00:08:53
    and that discipline will pay off tfold
  • 00:08:55
    legitimately this guy came and spoke to
  • 00:08:57
    a real estate investment group that I'm
  • 00:08:58
    in um his name is Aaron hail incredible
  • 00:09:02
    man he teaches so much about how much
  • 00:09:05
    adversity he went through and how he
  • 00:09:07
    acknowledges his feelings but doesn't
  • 00:09:09
    accept them and let them determine his
  • 00:09:10
    outcome so yes when you're sad when
  • 00:09:12
    you're mad whatever it may be you need
  • 00:09:13
    to acknowledge the fact that they're
  • 00:09:15
    there you need to see that you have
  • 00:09:17
    feelings and that they are real but you
  • 00:09:19
    can't let them determine your next
  • 00:09:21
    action your action needs to come from
  • 00:09:23
    the discipline that we talked from
  • 00:09:24
    before absolutely incredible man look
  • 00:09:26
    him up Aaron halil he owns a fudge
  • 00:09:27
    company and he's also a real estate
  • 00:09:28
    investor what do these all do they breed
  • 00:09:31
    confidence and the key to networking is
  • 00:09:33
    confidence the key to sales is
  • 00:09:35
    confidence key to a thriving business is
  • 00:09:37
    confidence the key to success is
  • 00:09:39
    confidence so how mindset applies to
  • 00:09:42
    business I'm going to show you my
  • 00:09:43
    business model first we want to buy as
  • 00:09:45
    much as possible can I buy it ideally we
  • 00:09:48
    hold it if it's not a hold we'll flip
  • 00:09:50
    the property if it just doesn't fit into
  • 00:09:52
    our price range or our buy box at the
  • 00:09:54
    moment then we'll wholesale it and if at
  • 00:09:56
    that point we still can't wholesale it
  • 00:09:57
    and they don't want us to wholesale or
  • 00:09:59
    something of that nature then we'll try
  • 00:10:01
    and list it if none of that works we
  • 00:10:03
    move on to the next so ideally we buy if
  • 00:10:05
    we can't buy we wholesale and if we
  • 00:10:07
    can't wholesale we list and if we can't
  • 00:10:08
    do any of the three we're on to the next
  • 00:10:10
    lead where should you start if I could
  • 00:10:12
    go back in time I would start as a
  • 00:10:14
    wholesaler I started as a real estate
  • 00:10:16
    agent but a wholesaler literally has no
  • 00:10:18
    out- of-pocket cost up front I can teach
  • 00:10:21
    you to do this with Zer dollars out of
  • 00:10:22
    pocket and it's a great way for you to
  • 00:10:24
    get your feet in the water and learn
  • 00:10:25
    real estate so here's some lead genin
  • 00:10:27
    ideas batch leads batch leads cost money
  • 00:10:30
    but you can find people all the
  • 00:10:31
    demographics you want all the property
  • 00:10:33
    types you want and they'll actually give
  • 00:10:35
    you their phone number and you can call
  • 00:10:37
    them and cold call following the script
  • 00:10:39
    that I'll provide for you soon also
  • 00:10:41
    local real estate investment meetups
  • 00:10:43
    these are so sauce this this is the
  • 00:10:46
    sauce you go to these you network you
  • 00:10:48
    talk to people ask them for what deals
  • 00:10:49
    they have and then you're able to get
  • 00:10:51
    these off-market deals and maybe disbo
  • 00:10:53
    it to a cash buyer you know driving for
  • 00:10:55
    dollars you drive around the
  • 00:10:56
    neighborhood looking for distressed
  • 00:10:57
    homes that have no Pride ownership and
  • 00:11:00
    then you search them up on truee
  • 00:11:02
    search.com in the address search bar and
  • 00:11:05
    then you can find the owner name and
  • 00:11:07
    phone number and codes call them you can
  • 00:11:09
    also use public records Knox County has
  • 00:11:12
    public records of code violations list
  • 00:11:14
    and tax delinquencies I look at tax
  • 00:11:16
    delinquencies of residential property
  • 00:11:17
    over $5,000 and I also look at code
  • 00:11:20
    violations list because these tend to be
  • 00:11:22
    the most motivated sellers that's what
  • 00:11:24
    we like and then just cold calling in
  • 00:11:26
    general I nurture my sphere I talk to
  • 00:11:28
    people I ask them I tell them I'm in
  • 00:11:30
    real estate they know that okay that's
  • 00:11:31
    what people need to know about you this
  • 00:11:33
    is the $5 million script and I'm going
  • 00:11:36
    to walk you through it literally right
  • 00:11:38
    now we're going to call him John for
  • 00:11:39
    example John my name is JT my partner
  • 00:11:42
    and I are cash buyers in Knoxville we're
  • 00:11:43
    calling you because we're looking to buy
  • 00:11:45
    two more properties there this month do
  • 00:11:46
    you have a house or property you'd be
  • 00:11:48
    interested in selling yes great before
  • 00:11:50
    we get started do you mind if I call you
  • 00:11:52
    John or is there another name you prefer
  • 00:11:54
    to go by John's fine awesome John okay
  • 00:11:57
    that property you may be interested in
  • 00:11:59
    sell selling may I have the address
  • 00:12:00
    including the city and zip code 123 Main
  • 00:12:03
    Street awesome and are you the outright
  • 00:12:05
    owner of this property okay John
  • 00:12:06
    assuming we're able to agree on a price
  • 00:12:08
    that works for you why are you
  • 00:12:10
    interested in selling this oh my me and
  • 00:12:13
    my wife are we're splitting up and I
  • 00:12:15
    just don't want the stress and the
  • 00:12:16
    emotions of the home anymore so we're
  • 00:12:18
    just going to get rid of him oh man I'm
  • 00:12:19
    I'm so sorry to hear that tell me are we
  • 00:12:21
    going to have to pay off any mortgages
  • 00:12:23
    or leans at closing oh yeah it just got
  • 00:12:25
    a $100,000 balance left on the loan
  • 00:12:27
    awesome okay okay okay so John if I can
  • 00:12:30
    get you an acceptable cash offer how
  • 00:12:32
    soon are you looking to sell we'd like
  • 00:12:34
    to sell in 30 days okay is that a
  • 00:12:36
    deadline or preference so John let's
  • 00:12:38
    talk a little bit more about the
  • 00:12:39
    property just to verify tell me about
  • 00:12:41
    the square footage bedroom bathroom
  • 00:12:42
    count of the house okay are there any
  • 00:12:45
    garage basements any anything you think
  • 00:12:47
    we should know about that are uh would
  • 00:12:48
    add value to the property okay John and
  • 00:12:50
    as far as repairs go we buy as is so
  • 00:12:53
    don't worry you don't have to make any
  • 00:12:55
    repairs just help us understand what
  • 00:12:57
    kind of work we're going to need to do
  • 00:12:59
    like HVAC structural issues Plumbing
  • 00:13:01
    electrical anything like that and if
  • 00:13:02
    they don't say specific you just ask
  • 00:13:04
    them okay if you'd rate it on a scale of
  • 00:13:06
    1 to 10 where one is new construction
  • 00:13:08
    and 10 is vacant and falling apart why
  • 00:13:10
    would you rate it okay and so this like
  • 00:13:12
    if they say two it's $30 foot if they
  • 00:13:14
    say average it's $50 a square foot if
  • 00:13:16
    they say trashed it's $70 a square foot
  • 00:13:18
    and if it's like a complete total gut
  • 00:13:20
    job I plan on $100 a square foot unless
  • 00:13:21
    you have a team okay but I'm going to
  • 00:13:23
    provide you a whole calculator that'll
  • 00:13:25
    walk you through this so then you say
  • 00:13:26
    thank you for that information John
  • 00:13:28
    that's super helpful I'm going to run
  • 00:13:29
    run this by my partner we can check some
  • 00:13:30
    of your um comps to make sure we can get
  • 00:13:32
    the best price for you but what price
  • 00:13:34
    would you be happy with where you no
  • 00:13:35
    longer have to worry about the emotions
  • 00:13:38
    and the memories with your uh your old
  • 00:13:40
    wife okay that's his goal to get out of
  • 00:13:41
    the property and stop having to worry
  • 00:13:43
    about his old wife he doesn't want to
  • 00:13:44
    deal with the emotions of it anymore
  • 00:13:46
    okay John like I said I'm not sure I can
  • 00:13:48
    get you your price in your pocket like I
  • 00:13:51
    said I'll need to get with my team
  • 00:13:52
    manager to approve but I'll do my best
  • 00:13:54
    so let me ask you this is that the
  • 00:13:55
    lowest you can go that line is so
  • 00:13:57
    prepared like that line is so imperative
  • 00:13:59
    it's literally made me hundreds of
  • 00:14:01
    thousands of dollars just by just by
  • 00:14:03
    saying that line then we're going to
  • 00:14:05
    deflect that off of ourselves we're
  • 00:14:07
    going to deflect the the pressure off of
  • 00:14:08
    our s onto our financial manager that we
  • 00:14:10
    don't even have you might have one but
  • 00:14:12
    if you don't you're just going to act
  • 00:14:13
    like you're going on hold to talk to
  • 00:14:14
    them you're going to say awesome listen
  • 00:14:15
    just give me a few seconds to compare
  • 00:14:17
    some of the comparable homes in your
  • 00:14:18
    area with my partner to make sure this
  • 00:14:19
    number is okay you'll be on hold for
  • 00:14:21
    just a second awesome you're going to go
  • 00:14:22
    get that number approved by your
  • 00:14:24
    financial manager which is you just
  • 00:14:25
    running comps you're going to come back
  • 00:14:27
    and say great news John I was able to
  • 00:14:29
    get this approved for you the purchase
  • 00:14:30
    price is whatever amount it is and just
  • 00:14:32
    to be clear we pay for all the closing
  • 00:14:34
    costs so at the time of closing you walk
  • 00:14:36
    away with that exact amount in your
  • 00:14:38
    pocket minus whatever mortgage we have
  • 00:14:40
    to pay off and we're going to get that
  • 00:14:41
    closing date set up for 30 days away
  • 00:14:44
    just like you requested does that sound
  • 00:14:45
    good to you awesome now I'm going to
  • 00:14:47
    send you over a simple agreement
  • 00:14:48
    covering everything we discussed it only
  • 00:14:49
    take a few minutes to stay on the phone
  • 00:14:51
    with me just let me know when it's in
  • 00:14:52
    your inbox we can pull it up and review
  • 00:14:54
    it together what is your email okay and
  • 00:14:56
    then boom you send in the email it's
  • 00:14:57
    closed okay this I'm going to attach in
  • 00:14:59
    the description so you can walk through
  • 00:15:00
    it and use it for yourself because I
  • 00:15:02
    want you to be able to do that okay
  • 00:15:03
    here's how you comp properties to submit
  • 00:15:05
    an offer I literally giving you a free
  • 00:15:07
    wholesale offer calculator here you're
  • 00:15:09
    welcome this thing is sauce you're going
  • 00:15:11
    to go to Zillow you're going to enter
  • 00:15:12
    the subject address you're going to
  • 00:15:14
    enter the square footage in this portion
  • 00:15:17
    of the Excel you'll see it right here
  • 00:15:19
    the subject property is one two two two
  • 00:15:22
    one two24 square feet wholesale fee we
  • 00:15:25
    usually want $20,000 we're going to go
  • 00:15:27
    and plug that in all right then we're
  • 00:15:28
    going to go back to search change this
  • 00:15:31
    from for sale to sold and then put the
  • 00:15:33
    filters to match so we're looking for
  • 00:15:34
    two bed one bath homes as you can see in
  • 00:15:37
    this area that I've been fixed up and
  • 00:15:39
    then you want to pick three properties
  • 00:15:41
    with the same features but are renovated
  • 00:15:43
    so here we go two bed one bath property
  • 00:15:46
    renovated sold for 159 two bed one bath
  • 00:15:49
    property sold for 168 and two bed one
  • 00:15:52
    bath property sold for 175 so you're
  • 00:15:54
    going to plug in the price and square
  • 00:15:56
    footage of each of each of those
  • 00:15:57
    properties Within These yellow boxes so
  • 00:15:59
    the comparable one was 159,000 and 1337
  • 00:16:03
    ft okay and then you're going to repeat
  • 00:16:04
    that for the next one which is 168,000
  • 00:16:06
    1,118 squ ft and then the last one
  • 00:16:10
    175,000 1266 F feet and then it's going
  • 00:16:13
    to average these numbers out and it's
  • 00:16:15
    going to give you an offer price based
  • 00:16:17
    on what it is so and this in this market
  • 00:16:19
    a flip would not be worth it so we can
  • 00:16:21
    only go for a rental investor because
  • 00:16:24
    this property is going to need a huge
  • 00:16:27
    gut and then this deal is a squeeze so
  • 00:16:28
    so if a rental investor they might want
  • 00:16:30
    to buy it for this amount of money now
  • 00:16:32
    you can decrease your wholesale fee to
  • 00:16:34
    make something work but ideally we
  • 00:16:35
    always want $220,000 right so then you
  • 00:16:38
    get this property under contract You'
  • 00:16:40
    finally done it and then I'm going to
  • 00:16:41
    tell you the biggest lie about wholesale
  • 00:16:43
    and that is that once you have a deal
  • 00:16:44
    under contract it's easy to get rid of
  • 00:16:46
    and that is not true you need to build
  • 00:16:48
    out a solid cash buyers list that's the
  • 00:16:51
    most important part and I'm going to
  • 00:16:52
    show you how to do it right now you're
  • 00:16:54
    going to go to your local real estate
  • 00:16:56
    investment Meetup and you're going to
  • 00:16:58
    type in the search icon cash buyers
  • 00:17:01
    people have had posts like this and
  • 00:17:03
    you're going to scalp the comments for
  • 00:17:05
    their emails and phone numbers and
  • 00:17:06
    you're going to steal the people that
  • 00:17:07
    have commented on this one and you're
  • 00:17:09
    going to add them to your cash buyers
  • 00:17:10
    list or you can go to zillow.com and you
  • 00:17:12
    can find renovated properties just like
  • 00:17:14
    this one that are on the market you're
  • 00:17:15
    going to not press contact an agent or
  • 00:17:18
    request tour instead you're going to
  • 00:17:20
    scroll down until you see listed by name
  • 00:17:23
    and then phone number and then you're
  • 00:17:24
    going to say this for this specific
  • 00:17:26
    example hi Tanya my name is JT I'm
  • 00:17:28
    calling you about your listing on Main
  • 00:17:30
    Street it looks like your client is a
  • 00:17:32
    house flipper I have a smoking hot deal
  • 00:17:34
    for them are they still interested in
  • 00:17:35
    purchasing more Properties or the easy
  • 00:17:37
    way you can just buy lists from other
  • 00:17:39
    wholesalers buy directly from directly
  • 00:17:42
    from a lead Source like batch leads and
  • 00:17:43
    that way you don't have to waste any
  • 00:17:44
    time but for a lot of people you most
  • 00:17:47
    likely don't have that much money right
  • 00:17:48
    now you want to get into this for free
  • 00:17:49
    and this how you do it I provide you a
  • 00:17:51
    literal free purchase and sale agreement
  • 00:17:53
    of real estate here the contract dated
  • 00:17:55
    today's date and which buyer your name
  • 00:17:59
    offers to purchase from the seller
  • 00:18:00
    seller's name the following described
  • 00:18:02
    real estate is located at subject
  • 00:18:04
    property address APN or parcel ID you
  • 00:18:07
    need to find that from online in the tax
  • 00:18:09
    records and then put the parcel ID again
  • 00:18:11
    right here the purchase price here say
  • 00:18:13
    the purchase price is 100,000 you're
  • 00:18:14
    going to put dollar sign one0 comma 0000
  • 00:18:17
    right here and right here you're going
  • 00:18:19
    to
  • 00:18:19
    write 100,000 in words closing cost most
  • 00:18:24
    of the time buyers are going to pay all
  • 00:18:25
    the closing cost so say buyer pay to pay
  • 00:18:27
    all closing costs but you don't always
  • 00:18:29
    have to put that if the seller doesn't
  • 00:18:30
    say anything about it I like to put my
  • 00:18:32
    offers up on the TV like listen we're
  • 00:18:34
    paying all closing costs we're covering
  • 00:18:35
    all commissions we're getting this thing
  • 00:18:36
    done and closing on your dat of choice
  • 00:18:38
    you're going to walk away with this
  • 00:18:39
    exact amount of closing and we're going
  • 00:18:40
    to take care of everything else defects
  • 00:18:42
    usually I put buyer to purchase the
  • 00:18:44
    property as is and don't forget I am not
  • 00:18:47
    a lawyer so don't take this as legal
  • 00:18:48
    advice please consult with an attorney
  • 00:18:50
    before doing anything like this I'm
  • 00:18:51
    actually going to put this into the
  • 00:18:52
    description for you as well so it's all
  • 00:18:54
    free you're literally getting all of
  • 00:18:55
    this for free like that's crazy
  • 00:18:58
    literally crazy so then we're going to
  • 00:19:00
    move on to the next page which is
  • 00:19:02
    disclosures basically all these things
  • 00:19:05
    saying we're going to be using as an
  • 00:19:07
    investment we get possession at closing
  • 00:19:09
    if you're buying this cash there's no
  • 00:19:11
    Finance contingency within the agreement
  • 00:19:12
    usually with Wholesales there not with
  • 00:19:14
    appraisal contingencies if you're not
  • 00:19:15
    buying this and you're wholesaling it
  • 00:19:16
    there's not subject to appraisal
  • 00:19:18
    inspections basically I put this there's
  • 00:19:20
    business days so I try and make it 28
  • 00:19:22
    business days will give me a month to
  • 00:19:23
    try and find a person to dispo to the
  • 00:19:26
    longer the better because within this
  • 00:19:28
    Within These 28 business days you can do
  • 00:19:30
    anything and back out at any point and
  • 00:19:31
    keep your earnest money Pro tip I don't
  • 00:19:33
    put earnest money down people don't even
  • 00:19:35
    ask for it so don't even talk about
  • 00:19:36
    earnest money just have confidence when
  • 00:19:37
    you give the offer but trying to do 28
  • 00:19:39
    business days that'll give you a huge
  • 00:19:40
    time to figure things out and dispo the
  • 00:19:42
    property simple as that so make sure the
  • 00:19:44
    contract is marketable and assignable
  • 00:19:46
    okay it needs to be able to be marketed
  • 00:19:48
    to other investors and it needs to be
  • 00:19:50
    able to be assigned to other investors
  • 00:19:52
    all contracts in state of Tennessee are
  • 00:19:54
    by default assignable but you want to
  • 00:19:56
    have this in the agreement because most
  • 00:19:58
    title comp comp usually get mad if they
  • 00:19:59
    don't have it the deposit will place the
  • 00:20:01
    earnest deposit of blank into escrow I
  • 00:20:04
    usually put zero and I choose my title
  • 00:20:06
    company that I know works there's plenty
  • 00:20:07
    of title companies around that will do
  • 00:20:09
    Wholesales but you need to call them you
  • 00:20:10
    need to call them okay make sure they
  • 00:20:12
    know it's an assignment not a double
  • 00:20:13
    close then you pick the closing date
  • 00:20:15
    whatever you guys decide on special
  • 00:20:17
    stipulations you write through here like
  • 00:20:18
    anything special about the property like
  • 00:20:20
    one woman I offered to pay for her
  • 00:20:22
    moving and so I paid for her moving and
  • 00:20:25
    yeah she accepted the offer and so I put
  • 00:20:28
    that within the special stipulations
  • 00:20:29
    I'll pay up to $3,000 for moving and
  • 00:20:31
    then of course get them to sign I do
  • 00:20:33
    this through something like eign or do
  • 00:20:35
    Loop it costs money but you can get a
  • 00:20:37
    free um e signature template or you can
  • 00:20:39
    get a free E signature trial online for
  • 00:20:41
    your first few until you make like
  • 00:20:42
    10,000 bucks and then you can start to
  • 00:20:44
    purchase that other one assignment
  • 00:20:45
    agreement of course this is basically
  • 00:20:47
    just saying you when you find a cash
  • 00:20:49
    buyer you are going to assign the rights
  • 00:20:52
    to the cash buyer for the contract dated
  • 00:20:56
    from the original purchase and sale
  • 00:20:57
    agreement date between between the
  • 00:20:58
    seller the seller's name and you and
  • 00:21:01
    you're going to assign that the rights
  • 00:21:04
    to that contract to the cash buyer and
  • 00:21:06
    you're going to tell them the full
  • 00:21:08
    purchase price so whatever the cash
  • 00:21:09
    buyer agrees to pay you're going to
  • 00:21:12
    profit the difference and if they don't
  • 00:21:14
    happen to close on the right time they
  • 00:21:17
    put down a non-refundable earnest money
  • 00:21:19
    amount which I usually put as more than
  • 00:21:22
    what you agreed upon with the sellers so
  • 00:21:23
    you can take that no matter what you can
  • 00:21:25
    take the difference no matter what
  • 00:21:25
    because at the end of the day it would
  • 00:21:27
    be yours because they didn't per form so
  • 00:21:28
    you need to make sure all of this is
  • 00:21:30
    within there have the property
  • 00:21:31
    description which is the tax ID or the
  • 00:21:33
    APN and then the address which is just
  • 00:21:35
    the street address when you're trying to
  • 00:21:36
    find a cash buyer and when you're trying
  • 00:21:38
    to dispo the property you got to be like
  • 00:21:40
    Jordan Belford Like the Wolf of Wall
  • 00:21:41
    Street I know that's not Jordan bord but
  • 00:21:43
    that's the Wolf of Wall Street you're
  • 00:21:44
    going to call him up and be like listen
  • 00:21:45
    we'll say his name is John again listen
  • 00:21:47
    John I've got this smoke show of a deal
  • 00:21:49
    for you I want you to see it I know
  • 00:21:51
    you've been buying cash in the area and
  • 00:21:52
    this one's going to make you a solid
  • 00:21:53
    $50,000 on profit of course I'm not a
  • 00:21:55
    financial adviser but this is something
  • 00:21:57
    I would take on if I didn't have three
  • 00:21:59
    other projects going on right now I want
  • 00:22:00
    you to sell it like Jordan bford you're
  • 00:22:01
    not going to get anywhere like that's
  • 00:22:03
    the honest truth people don't tell you
  • 00:22:04
    that people think it's easy to dispo
  • 00:22:06
    it's not easy to dispo go out there and
  • 00:22:08
    sell it like Jordan bford and get like
  • 00:22:09
    100k assignment fees my buddy just put
  • 00:22:11
    100K assignment fee 180k assignment of
  • 00:22:14
    worth of assignment fees last week
  • 00:22:15
    that's in one week so and then send the
  • 00:22:17
    contract to a wholesale friendly Title
  • 00:22:18
    Company you need to ask whether they're
  • 00:22:21
    wholesale friendly or not because if
  • 00:22:22
    they're not you're going to get screwed
  • 00:22:24
    and they're not going to close out the
  • 00:22:26
    contract or they're going to make it
  • 00:22:28
    totally toally nontransparent and
  • 00:22:29
    they're going to mess everything up when
  • 00:22:30
    what you really should be doing is
  • 00:22:32
    calling the title company before and
  • 00:22:33
    make sure they know it's an assignment
  • 00:22:34
    of contract so that they are cool with
  • 00:22:36
    it and if they're not then you don't
  • 00:22:37
    need to use them books to read as a
  • 00:22:39
    wholesaler How to Win Friends and
  • 00:22:41
    Influence People this is is so
  • 00:22:42
    incredibly important for sales and
  • 00:22:44
    caring about others $100 million offers
  • 00:22:46
    this will show you guys how to make put
  • 00:22:48
    stuff on a silver platter for these
  • 00:22:50
    people to accept your offer and $1
  • 00:22:52
    million leads great way to for like
  • 00:22:54
    marketing and learn how to Market and
  • 00:22:56
    get inbound leads coming in because at
  • 00:22:57
    the end of the day leads is going to be
  • 00:22:59
    your bread and butter for Wholesales
  • 00:23:00
    okay so let's go back up here I'm going
  • 00:23:02
    to teach you how to be a a real estate
  • 00:23:03
    agent now once you have $10,000 liquid
  • 00:23:06
    it's good to go ahead and get your
  • 00:23:07
    realair license because then you can
  • 00:23:08
    follow my business plan can we buy it no
  • 00:23:11
    can we wholesale it no can we list it
  • 00:23:12
    because that way you still have three
  • 00:23:14
    ways you can make a lot of money so once
  • 00:23:15
    you have $10,000 I would go ahead and
  • 00:23:17
    get into real my real estate license but
  • 00:23:20
    to save money there you're going to walk
  • 00:23:21
    into Keller Williams office and you're
  • 00:23:22
    going to tell them I've heard a lot of
  • 00:23:23
    great things about KW do you guys pay
  • 00:23:25
    for real estate school then someone's
  • 00:23:27
    going to pay for your real estate school
  • 00:23:29
    you're going to follow the online school
  • 00:23:30
    but if you can't focus don't even go
  • 00:23:32
    don't even go to KW just pay for the
  • 00:23:34
    in-person course because a lot of people
  • 00:23:36
    can't focus by reading I I read like a
  • 00:23:37
    thousand pages in three days just to get
  • 00:23:40
    it over with and I passed the course
  • 00:23:41
    within a week so I passed the course and
  • 00:23:43
    took the test within a week all online I
  • 00:23:45
    I studied like 10 hours a day super easy
  • 00:23:48
    schedule your exam and in the meantime
  • 00:23:49
    interview local brokerages they don't
  • 00:23:51
    tell you this you don't even know
  • 00:23:52
    anything before you get into real estate
  • 00:23:54
    you have you need to be interviewing
  • 00:23:55
    brokerages before you get your license
  • 00:23:57
    because you can't get a license without
  • 00:23:59
    the broker filing for it I know it
  • 00:24:01
    sounds like crazy right but the broker
  • 00:24:02
    has to file for you you're going to
  • 00:24:04
    schedule your exam probably going to be
  • 00:24:05
    about three to five days before or 3 to
  • 00:24:08
    five days after your like you actually
  • 00:24:10
    look to schedule so once you schedule it
  • 00:24:12
    within those three to five days you need
  • 00:24:13
    to be out there interviewing brokerages
  • 00:24:14
    you're going to take three practice real
  • 00:24:16
    estate exams a day until it's test day
  • 00:24:18
    but schedule the test as soon as
  • 00:24:19
    possible so it's frust on your mind I'm
  • 00:24:21
    going to attach a free um real estate
  • 00:24:23
    exam Below in the description I'm giving
  • 00:24:26
    you all this all for free I want you all
  • 00:24:27
    to succeed I hope this works well for
  • 00:24:29
    you let's just go ahead and there we go
  • 00:24:31
    so then once you pass your exam you're
  • 00:24:33
    taking the passing papers to your
  • 00:24:35
    favorite brokerage and ask them to
  • 00:24:37
    provide you all the paperwork you need
  • 00:24:39
    to fill out to send to the state no one
  • 00:24:41
    will tell you this you're going to be
  • 00:24:42
    lost you're going to wonder how you
  • 00:24:43
    actually get your license and the key to
  • 00:24:45
    getting your license is taking your past
  • 00:24:47
    exam to The Brokerage you like and
  • 00:24:48
    having them do it with you because you
  • 00:24:50
    can't do it yourself because they're
  • 00:24:51
    going to have to walk you through
  • 00:24:52
    getting Insurance because you have to
  • 00:24:53
    get insurance they're going to have to
  • 00:24:54
    do it with their company trust me go to
  • 00:24:57
    The Brokerage and just let them do it
  • 00:24:58
    for you how do you get leads tell
  • 00:25:00
    everyone you're in real estate how do
  • 00:25:01
    you do that you're going to call for
  • 00:25:02
    sale by owners you're going to call
  • 00:25:04
    expired you're going to walk
  • 00:25:05
    neighborhoods and door knock you're
  • 00:25:06
    going to cold call everyone in the
  • 00:25:08
    neighborhood let them know you're an
  • 00:25:09
    agent and you're going to just Target
  • 00:25:11
    investors if you want to I mean it's
  • 00:25:12
    whatever you want as long as everyone in
  • 00:25:14
    the area knows you're in real estate it
  • 00:25:16
    will pay off I owe All My Success with
  • 00:25:18
    real estate scripting to Derek lipsky so
  • 00:25:21
    I'm just going to plug him right here
  • 00:25:22
    you need to go check him out on YouTube
  • 00:25:24
    I cannot teach you better than he can
  • 00:25:25
    for Real Estate stuff because he is
  • 00:25:27
    amazing he's really incredible he is a
  • 00:25:30
    dog he's on the phones he knows exactly
  • 00:25:32
    what to say and he doesn't let people
  • 00:25:33
    off the phone that's the key don't let
  • 00:25:35
    people off the phone everyone's going to
  • 00:25:36
    give you an objection just keep pushing
  • 00:25:38
    when you finally get your first client
  • 00:25:39
    ask your broker for Statewide regulated
  • 00:25:42
    paperwork I'm not providing you any of
  • 00:25:43
    this because I can't the broker is going
  • 00:25:45
    to decide what you give to them and you
  • 00:25:47
    have to give that to them it is
  • 00:25:48
    important you ask them or you ask your
  • 00:25:50
    broker as they make all the decisions
  • 00:25:52
    for the company okay the books to read
  • 00:25:54
    these are mandatory the millionaire real
  • 00:25:56
    estate agents teach you how to become a
  • 00:25:57
    millionaire real estate agent by
  • 00:25:58
    building a team by Gary Keller probably
  • 00:26:00
    the biggest real estate name in the
  • 00:26:01
    world seven levels of communication will
  • 00:26:03
    show you how to nurture your fear and be
  • 00:26:04
    able to talk to people and be able to
  • 00:26:06
    give value to people and connect them
  • 00:26:08
    with others that will help their
  • 00:26:10
    business and then super fans this is
  • 00:26:11
    going to teach you how to build raving
  • 00:26:13
    fans for your business and yourself Pat
  • 00:26:15
    Flynn is incredible and you'll love him
  • 00:26:17
    too so follow all of these books read
  • 00:26:19
    all these books and it'll teach you
  • 00:26:21
    exactly how you can become successful
  • 00:26:22
    within this okay so once you have about
  • 00:26:24
    $10,000 a month start buying rental
  • 00:26:27
    properties so look at this zillow.com
  • 00:26:30
    roofstock investor lift all of these
  • 00:26:32
    will give you off or give you deals that
  • 00:26:34
    you'll be able to buy so what we're
  • 00:26:35
    going to look at are three bedroom homes
  • 00:26:37
    or more with any bathroom count that are
  • 00:26:39
    $80,000 Max and they need to be TurnKey
  • 00:26:42
    like akan Ohio here's four TurnKey
  • 00:26:45
    properties that are $100,000 this one's
  • 00:26:47
    $100,000 but this one is $69,000 it's
  • 00:26:50
    TurnKey it's three bedrooms one bathroom
  • 00:26:53
    and it's already ready to go you're
  • 00:26:55
    going to choose a city this is for
  • 00:26:56
    Section 8 specifically because Section 8
  • 00:26:58
    is government backed rent and it's it's
  • 00:27:00
    a big bullish play these days because
  • 00:27:03
    it's paying pretty competitive market
  • 00:27:05
    rent okay so next you're going to choose
  • 00:27:07
    a city Columbus Ohio great akan Ohio
  • 00:27:10
    great Dayton Ohio great Columbus Georgia
  • 00:27:13
    great Atlanta Georgia great Indianapolis
  • 00:27:17
    great Montgomery great Birmingham great
  • 00:27:19
    all of these are great cities that you
  • 00:27:21
    can invest in and they're landlord
  • 00:27:22
    friendly you need to make sure you're in
  • 00:27:24
    a landlord friendly with pretty low
  • 00:27:26
    taxes because if you're not you will get
  • 00:27:27
    screwed and you will get hit for a lot
  • 00:27:29
    of taxes and you do not want that
  • 00:27:30
    especially if someone takes over your
  • 00:27:32
    property with their squatter and tenant
  • 00:27:34
    rights you do not want to deal with that
  • 00:27:35
    once you found a property that's TurnKey
  • 00:27:37
    and ready to go okay you are going to go
  • 00:27:40
    to the bank that you have the best
  • 00:27:42
    relationship with and ask them about
  • 00:27:43
    their dscr funding programs the dscr
  • 00:27:47
    funding programs is debt service
  • 00:27:50
    coverage ratio it means instead of using
  • 00:27:53
    your income as proof for the loan
  • 00:27:56
    they're going to use the property's
  • 00:27:57
    income proof for the loan it's a little
  • 00:27:59
    bit more risky for them so they're going
  • 00:28:01
    to make you they're going to charge you
  • 00:28:02
    more um interest they're also going to
  • 00:28:05
    charge you more points up front but it
  • 00:28:07
    is what it is the in the return on
  • 00:28:08
    investment is great for these properties
  • 00:28:10
    if you don't have a relationship with a
  • 00:28:12
    bank you can go to a broker um or hit up
  • 00:28:14
    companies like this Easy Street cap.com
  • 00:28:17
    which is Easy Street Capital kvi.com
  • 00:28:19
    which is also a lender and if you want
  • 00:28:22
    to do big commercial deals or if you're
  • 00:28:24
    going to do a lot of properties and
  • 00:28:25
    you're going to be in the Southeast in
  • 00:28:26
    most areas Scott burn is incredible he's
  • 00:28:29
    probably the best guy I've worked with
  • 00:28:30
    865 335 491 that's a Shameless plug he
  • 00:28:34
    didn't pay me to do this I just really
  • 00:28:35
    appreciate everything he's done for me
  • 00:28:37
    he's helped me out incredible amounts
  • 00:28:39
    and his team gets it done okay now
  • 00:28:41
    here's something that nobody's going to
  • 00:28:43
    tell you this is something that all the
  • 00:28:44
    gurus skip over they don't want you to
  • 00:28:46
    know this they want they want to preach
  • 00:28:47
    I'm going to tell you something crazy
  • 00:28:49
    okay so you're going to go to HUD user.
  • 00:28:51
    goov and you're going to find the fair
  • 00:28:52
    market rent for the area you're looking
  • 00:28:54
    to purchase the property in so for
  • 00:28:56
    example if you're going to buy in
  • 00:28:56
    Columbus Georgia the three-bedroom is
  • 00:28:59
    1372 per month but guess what not all
  • 00:29:02
    properties in Columbus Georgia pay that
  • 00:29:04
    although it says it does why because
  • 00:29:06
    with metro area so anything that says
  • 00:29:08
    HUD Metro you need to look up small area
  • 00:29:11
    fair market rent and they're going to
  • 00:29:14
    give you a zip code and the zip code
  • 00:29:17
    pays differently from what the fair
  • 00:29:19
    market rent for the Metro does so you
  • 00:29:21
    see that's almost $200 you lose no one
  • 00:29:25
    tells you that you need to know small
  • 00:29:26
    area fair market rents okay no one tells
  • 00:29:29
    you that and no one also tells you that
  • 00:29:31
    they take away $100 for utilities
  • 00:29:34
    because why because this is not just
  • 00:29:36
    rent this is living expenses okay so all
  • 00:29:39
    of this added together is living
  • 00:29:41
    expenses so they take out $100 is for
  • 00:29:44
    utilities per month you need to know
  • 00:29:46
    that as well luckily I will here's the
  • 00:29:49
    link for the SM the small area fair
  • 00:29:51
    market rents and then here's the link
  • 00:29:53
    for the big like just the the fair
  • 00:29:54
    market rents if you're going to be in
  • 00:29:56
    just like a regular City not a metro
  • 00:29:58
    area don't forget to subtract $100 from
  • 00:30:00
    this okay you're going to find a
  • 00:30:02
    mortgage payment to make sure that
  • 00:30:04
    you're cash flowing at least $500 a
  • 00:30:06
    month so let's go to that small area
  • 00:30:08
    fair market rent
  • 00:30:10
    1180 okay minus that 100 you'll be at
  • 00:30:14
    1080 minus 506 you'll be at uh let's see
  • 00:30:20
    574 and that will give you $574 a month
  • 00:30:24
    in cash flow in cash flow for that
  • 00:30:27
    $69,000
  • 00:30:28
    property that we looked at up there okay
  • 00:30:31
    that's incredible that's over $550 a
  • 00:30:34
    month in cash flow it's going to pay off
  • 00:30:37
    your down payment in no time that's like
  • 00:30:39
    a 50% year-over-year return trust me
  • 00:30:41
    it's amazing and that's exactly what I
  • 00:30:43
    would do to and I wouldn't do anything
  • 00:30:45
    below $500 a month in cash flow because
  • 00:30:47
    with Section 8 they're easily these are
  • 00:30:49
    not appreciating markets these are not
  • 00:30:51
    value ad markets these are markets where
  • 00:30:53
    you come in and get cash flow instantly
  • 00:30:55
    that's what you want for your first few
  • 00:30:57
    deals make sure you use a real estate
  • 00:30:59
    agent who writes up the contract for you
  • 00:31:01
    so these are probably going to be on
  • 00:31:02
    Market so use the real estate agent let
  • 00:31:04
    them get commission and ask them to
  • 00:31:05
    explain what each portion of the
  • 00:31:07
    contract means so that you can be walked
  • 00:31:09
    through and that you can when you start
  • 00:31:11
    doing this by yourself you can get into
  • 00:31:13
    it and honestly these onm Market
  • 00:31:15
    properties you can negotiate hard like
  • 00:31:17
    negotiate hard with these people and if
  • 00:31:18
    you're a real estate agent doesn't know
  • 00:31:19
    how to go negotiate you need another
  • 00:31:20
    real estate agent but if you have your
  • 00:31:22
    license just do it yourself or if you
  • 00:31:24
    don't have your license you can use the
  • 00:31:26
    wholesale contract I attached you just
  • 00:31:28
    need to make sure you check the
  • 00:31:29
    financial contingen or the financing
  • 00:31:32
    contingency box as well as the appraisal
  • 00:31:34
    contingency box because DSR lers are
  • 00:31:36
    going to are going to require both okay
  • 00:31:39
    this is not legal advice did you hear
  • 00:31:41
    that this is not legal advice do what
  • 00:31:43
    you got to do also something people are
  • 00:31:46
    not going to tell you during your
  • 00:31:47
    inspection period call the local housing
  • 00:31:49
    authority to tell them that you will be
  • 00:31:51
    bringing a rental on the market soon and
  • 00:31:53
    you're looking for a Section 8 tenant
  • 00:31:55
    notify them of the closing date and ask
  • 00:31:57
    to fill out any necessary paperwork
  • 00:31:59
    required by the government prior to
  • 00:32:01
    transfer because if you don't they're
  • 00:32:04
    going to pay the last owner still and
  • 00:32:05
    you're going to have to work things out
  • 00:32:07
    that happened with my first and trust me
  • 00:32:08
    it's probably going to happen with you
  • 00:32:09
    if you don't listen to this so make sure
  • 00:32:11
    they know when you're closing have all
  • 00:32:12
    the have all the wire transfer and the a
  • 00:32:14
    all that stuff ready to go so whenever
  • 00:32:16
    you finally get into whenever you
  • 00:32:18
    finally actually own the property the
  • 00:32:19
    first month's rent will go directly to
  • 00:32:21
    you no matter what okay if you
  • 00:32:22
    self-manage get an app like stessa
  • 00:32:25
    apartments.com rent ready tenantcloud
  • 00:32:27
    inago rent manager Avail rent rentch
  • 00:32:30
    direct door uh door Loop anything like
  • 00:32:32
    that okay something you can use to
  • 00:32:34
    manage the properties but if you need a
  • 00:32:36
    property manager and if you're doing out
  • 00:32:38
    ofate investing like I am and probably
  • 00:32:40
    if you're doing a lot of out ofate
  • 00:32:41
    Investments you need to probably get a
  • 00:32:43
    property manager and ask a local agent
  • 00:32:45
    or whoever you worked with who they
  • 00:32:46
    recommend for property management or go
  • 00:32:48
    on thumbtack.com and search for Reliable
  • 00:32:51
    property managers simple as that here is
  • 00:32:53
    the secret sauce no I guarantee you no
  • 00:32:56
    one has shared this with with you I I
  • 00:32:58
    can almost guarantee it okay this is the
  • 00:33:01
    HUD standards for Section 8 voucher okay
  • 00:33:04
    you need to know all of this has to be
  • 00:33:07
    completed before your home will be
  • 00:33:09
    approved for Section 8 so your TurnKey
  • 00:33:11
    property if it has any of these problems
  • 00:33:13
    you're not going to be able to rent it
  • 00:33:14
    to them and they're going to make you
  • 00:33:16
    fix it before closing all right this is
  • 00:33:19
    what you need to do simple as that I'm
  • 00:33:20
    going to walk you through them right now
  • 00:33:22
    the unit must be empty vacant from a
  • 00:33:24
    previous tenant that's pretty much a no
  • 00:33:26
    given utilities must turned on for time
  • 00:33:28
    of the inspection always have utilities
  • 00:33:30
    on so it doesn't delay you no chipping
  • 00:33:33
    peeling paint inside or outside the unit
  • 00:33:35
    make sure every paint every all the
  • 00:33:37
    paint is good especially if it has
  • 00:33:39
    lead-based stove must be clean and in
  • 00:33:41
    working order and secured make sure it's
  • 00:33:43
    clean and it works refrigerator must be
  • 00:33:46
    clean and in working order with a good
  • 00:33:48
    door seal make sure that that
  • 00:33:50
    refrigerator works and is cleaned hire a
  • 00:33:53
    cleaning company if you have to there
  • 00:33:54
    must be a permanently installed working
  • 00:33:56
    heating system that doesn't mean central
  • 00:33:58
    heat it means permanently installed
  • 00:34:00
    working heating system hot and cold
  • 00:34:02
    running water in kitchen and bathrooms
  • 00:34:04
    that's a given it's a house people need
  • 00:34:06
    to have hot and cold water anyway there
  • 00:34:09
    must be a shower or bathtub that works
  • 00:34:11
    also a no-brainer there must be a
  • 00:34:14
    flushing toilet that works it's securely
  • 00:34:17
    Mountain mounted and does not leak the
  • 00:34:19
    bathroom must have either an outside
  • 00:34:21
    window or an exhaust van vented to the
  • 00:34:23
    outside there must not be any plumbing
  • 00:34:25
    leaks there must not be any plug drains
  • 00:34:28
    All Plumbing fixtures must have P traps
  • 00:34:31
    to prevent sewer gas from leaking into
  • 00:34:33
    the unit all ground floor windows and
  • 00:34:35
    exterior doors shall open and close as
  • 00:34:37
    designed and must have working locks
  • 00:34:40
    each living space must have two means of
  • 00:34:42
    agress that's what it's usually that's
  • 00:34:45
    what it takes to have a bedroom okay all
  • 00:34:48
    electrical outlet switches must have
  • 00:34:50
    cover plates and be in good working
  • 00:34:52
    condition all ground fault circuit
  • 00:34:54
    interrupts gfcis must work properly
  • 00:34:57
    there must not be any missing broken or
  • 00:34:59
    cracked Windows the roof must not leak
  • 00:35:02
    indications of a leak are discolorations
  • 00:35:04
    or stains in the ceiling discharge pipe
  • 00:35:06
    made of galvanis steel or copper tubing
  • 00:35:08
    that is between 6 to 8 in from the floor
  • 00:35:11
    or directed outside of the unit no PVC
  • 00:35:14
    CPVC is acceptable the Floor Covering
  • 00:35:17
    cannot be torn or have holes that can
  • 00:35:19
    cause someone to trip if there are
  • 00:35:20
    stairs and railing they must be secure
  • 00:35:22
    four or more exterior stales must have
  • 00:35:24
    handrails of 34 in to 38 in from the
  • 00:35:27
    ground walk-offs or porches 38 in above
  • 00:35:30
    grade must have guard rails 36 in from
  • 00:35:33
    the ground there must be working smoke
  • 00:35:34
    detectors properly mounted on each level
  • 00:35:36
    of the unit including the basement and
  • 00:35:38
    walkup attics just so you know that's
  • 00:35:40
    why I like on story properties okay
  • 00:35:43
    that's what you want to buy one story
  • 00:35:44
    properties for all security bars and
  • 00:35:46
    windows must have quick release
  • 00:35:48
    mechanism all sliding glass doors must
  • 00:35:51
    have a lock or security bar on the door
  • 00:35:53
    that works all construction SL rehab
  • 00:35:55
    paint and carpet replacement Etc must
  • 00:35:57
    must be completed before time of
  • 00:35:59
    inspection the unit must be free from
  • 00:36:02
    roaches and rodents disgusting obviously
  • 00:36:05
    and there must be stepping stones or a
  • 00:36:06
    walkway to the unit all of that no one
  • 00:36:09
    is ever going to tell you this is a
  • 00:36:10
    checklist that is hard to get a hold of
  • 00:36:12
    but I'm going to provide it to you for
  • 00:36:13
    free here I am you're welcome okay so
  • 00:36:16
    books to read for Section 8 Rich Dad
  • 00:36:18
    Poor Dad this is like the basics of
  • 00:36:19
    investing this is going to teach you
  • 00:36:20
    everything you need to know about
  • 00:36:21
    investing it's going to be worth every
  • 00:36:23
    penny trust me you need to read this
  • 00:36:24
    book never split the difference you want
  • 00:36:26
    to learn how to negotiate Chris Foss
  • 00:36:28
    will teach you how to do that he's
  • 00:36:29
    incredible he to he was an FBI hostage
  • 00:36:31
    negotiator and he will get you right
  • 00:36:34
    trust me I would read that it's one of
  • 00:36:35
    the first things I'd read if I was to to
  • 00:36:37
    learn to negotiate again okay so the
  • 00:36:39
    rule of 100 21 calls per Prospect per
  • 00:36:42
    week yes you heard me here first you
  • 00:36:44
    heard it here first you're going to call
  • 00:36:46
    the same person 21 times per week until
  • 00:36:48
    they answer and you're going to email
  • 00:36:50
    them four times per Prospect per week
  • 00:36:52
    you're going to text them four times per
  • 00:36:54
    Prospect per week so all of that will
  • 00:36:56
    equal about 100 touches per week per
  • 00:36:59
    person or sorry 100 touches per month
  • 00:37:03
    per person they once they answer you're
  • 00:37:05
    going to be the one they sell to if you
  • 00:37:07
    keep in touch with them that much okay
  • 00:37:08
    and then once you finally a once they
  • 00:37:11
    finally answer you're going to call them
  • 00:37:13
    one time every three days until there's
  • 00:37:16
    a deal or they tell you do not call them
  • 00:37:20
    okay simple as that you're going to
  • 00:37:22
    hammer these people it works I do it
  • 00:37:25
    okay we put we put 500 under contract in
  • 00:37:28
    the past 5 days all right like over 500k
  • 00:37:30
    in Revenue like this is what we do hit
  • 00:37:33
    them hit them hit them hit them okay
  • 00:37:34
    you're going to do that four weeks a
  • 00:37:35
    month it's going to give you 100 touches
  • 00:37:37
    per person each month it's definitely
  • 00:37:38
    worth it you're going to take over the
  • 00:37:39
    industry how are you going to do that
  • 00:37:41
    you're going to go to networking events
  • 00:37:43
    you're going to show your face you're
  • 00:37:44
    going to host them you're going to be
  • 00:37:46
    the face of the community you want
  • 00:37:48
    people to know who you are you want
  • 00:37:50
    people to know what you do and how
  • 00:37:52
    you're the best at it okay organic
  • 00:37:55
    Community content I post every day about
  • 00:37:57
    trying to help people I want people to
  • 00:37:59
    be successful I want people to have a
  • 00:38:01
    good business I want to help them out
  • 00:38:03
    with real estate I want to help them out
  • 00:38:04
    with mindset I post every day let people
  • 00:38:06
    know what you're doing you want to take
  • 00:38:08
    over that set the standard exceed
  • 00:38:10
    expectations show everyone you're the
  • 00:38:12
    boss all right this is me graduating in
  • 00:38:14
    three years I also made six figures a
  • 00:38:16
    lot of six figures while still being in
  • 00:38:19
    college and I was the first person to
  • 00:38:20
    graduate ever from this program I set
  • 00:38:22
    the standard I do things better than
  • 00:38:24
    other people because I want to win I
  • 00:38:26
    want to succeed I want it I want it more
  • 00:38:28
    than anyone else simple as that host
  • 00:38:30
    community events I bring a lot of the
  • 00:38:32
    community together we do things we talk
  • 00:38:35
    we do fantastic like work for the
  • 00:38:38
    community we we donate we tithe we try
  • 00:38:41
    to do Godly things we discuss real
  • 00:38:43
    estate we discuss business this is what
  • 00:38:44
    we do okay and people know me for that
  • 00:38:47
    because I love the community and I host
  • 00:38:48
    events and the world should know who you
  • 00:38:50
    are the world needs to know who you are
  • 00:38:53
    and what you do if you want to be
  • 00:38:54
    successful okay so how social media did
  • 00:38:56
    this for me
  • 00:38:58
    you see these three groups I'm in about
  • 00:39:00
    a hundred more and every single person
  • 00:39:03
    knows this face and knows who I am why
  • 00:39:05
    because I post consistently I give free
  • 00:39:08
    value I'm giving good deals I'm
  • 00:39:10
    providing people with a ways to make
  • 00:39:12
    money it's simple as that and I'm
  • 00:39:14
    helping other people and I'm doing it in
  • 00:39:16
    a way that is just give give give give
  • 00:39:18
    give and I don't ask for anything in
  • 00:39:20
    return okay people I'm walking down the
  • 00:39:22
    street oh my gosh are you my realtor JT
  • 00:39:25
    they ask me oh because they know I'm in
  • 00:39:26
    real estate in
  • 00:39:27
    they ask me who I am like they know who
  • 00:39:29
    I am already it's crazy they're like
  • 00:39:31
    dude you've inspired me so much they say
  • 00:39:33
    are you still in real estate can I
  • 00:39:34
    invest with you would you want to buy
  • 00:39:36
    this property can you teach me like all
  • 00:39:38
    of this has opened up so many
  • 00:39:40
    opportunities for me to help people and
  • 00:39:42
    me to establish my face in the community
  • 00:39:43
    for everyone to know who I am for people
  • 00:39:45
    to bring me deals for people to want to
  • 00:39:47
    invest money with me to people want to
  • 00:39:49
    bring uh um people want to list their
  • 00:39:52
    house with me people want to sell their
  • 00:39:53
    house people want to buy a house with me
  • 00:39:55
    and I'm teaching others to do the same
  • 00:39:57
    I'm being able to help other people
  • 00:39:59
    because I've built a personal brand
  • 00:40:01
    around helping others and pushing help
  • 00:40:03
    towards other I'm giving free value to
  • 00:40:04
    everyone who walks my way because that's
  • 00:40:06
    what I do I want other people to succeed
  • 00:40:08
    all right the key to scaling is using
  • 00:40:11
    other people's money that's how you
  • 00:40:12
    build a huge real estate business okay
  • 00:40:15
    first you establish yourself as the
  • 00:40:16
    industry leader that's through social
  • 00:40:17
    media through making people known
  • 00:40:19
    through your community all that stuff
  • 00:40:21
    once you prove yourself money will come
  • 00:40:23
    right to you people will want to give
  • 00:40:25
    you money I have my friends dad from
  • 00:40:27
    high schools hit me up all them hey JT
  • 00:40:29
    can I give you money like well I'd love
  • 00:40:30
    to invest with you all that good stuff I
  • 00:40:32
    mean it's just it's just built after I
  • 00:40:34
    built my reputation okay and if you are
  • 00:40:35
    new and need money quick you can get
  • 00:40:37
    your first for your first deal contact a
  • 00:40:39
    hard money firm super simple you're
  • 00:40:42
    going to call local cash buyers who you
  • 00:40:43
    know do deals and they and that you've
  • 00:40:46
    created a list with you're going to call
  • 00:40:47
    them and ask them who they've used for
  • 00:40:49
    hard money in the past if they're an
  • 00:40:50
    actual cash buyer they will have used
  • 00:40:52
    hard money before I can promise you that
  • 00:40:54
    and you ask them for recommendations or
  • 00:40:56
    private lenders they may share their
  • 00:40:57
    private lenders with you with hard or
  • 00:40:59
    private money it is vital you only go
  • 00:41:01
    off of referrals do not use someone
  • 00:41:03
    random you found on the internet because
  • 00:41:04
    if you do they'll probably screw you and
  • 00:41:07
    it could really mess you up this is some
  • 00:41:09
    sauce this is some real sauce right here
  • 00:41:11
    tax evasion the legal way this real
  • 00:41:15
    estate's the most the most aggressive
  • 00:41:17
    and amazing asset for taxes you're going
  • 00:41:20
    to buy property you're going to
  • 00:41:21
    depreciate it against your income
  • 00:41:23
    residential real estate is depreciated
  • 00:41:26
    at 27 half years so if you buy a million
  • 00:41:28
    dollar piece of land or sorry land can't
  • 00:41:31
    be depreciated if you buy a million
  • 00:41:33
    dollar piece of property with a house on
  • 00:41:36
    it 20% of that is going to go towards
  • 00:41:39
    land so 80% of that is going to go
  • 00:41:41
    towards re uh towards the actual house
  • 00:41:44
    or whatever residential property may be
  • 00:41:46
    and you're going to take that number and
  • 00:41:48
    divide it by 27 and a half and you get
  • 00:41:50
    to write that off towards your income
  • 00:41:51
    each year commercial is the same except
  • 00:41:54
    39 years you get to write that off
  • 00:41:56
    against your income each year there's
  • 00:41:57
    something called bonus depreciation and
  • 00:41:59
    cost segregation no one even will tell
  • 00:42:01
    you about this but they're slowly
  • 00:42:03
    outlawing it and you can have a CPA in
  • 00:42:06
    an engineer run a cost segregation study
  • 00:42:08
    that will allow you to go up to 60%
  • 00:42:11
    bonus depreciation so you'll be able to
  • 00:42:13
    sometimes we'll be able to depreciate
  • 00:42:14
    60% of a total asset in its first year
  • 00:42:18
    okay and leftover income after
  • 00:42:21
    depreciation you should left over
  • 00:42:24
    working income so that needs to go into
  • 00:42:27
    syndications or passive deals with
  • 00:42:29
    Equity why so you can take it take
  • 00:42:32
    advantage of the depreciation of your
  • 00:42:34
    equity in these passive deals because
  • 00:42:37
    most syndications and Deals will offer
  • 00:42:39
    you a portion of the tax benefits which
  • 00:42:41
    you would get and that would also
  • 00:42:43
    depreciate the rest of your income so JT
  • 00:42:45
    what money am I going to use to live if
  • 00:42:46
    I spend all my money on investments and
  • 00:42:48
    I don't have anything for my family or
  • 00:42:49
    nothing like that you Cash out refinance
  • 00:42:52
    your properties with the most equity and
  • 00:42:54
    live off of the debt why because debt is
  • 00:42:58
    100% taxfree and the Tenant continues to
  • 00:43:01
    cover the monthly payment okay that
  • 00:43:03
    means if you buy a property for $100,000
  • 00:43:05
    have it for 10 years and bought it down
  • 00:43:07
    do you have
  • 00:43:08
    $50,000 uh $50,000 left on the loan it's
  • 00:43:11
    now worth $200,000 they will pay you 70%
  • 00:43:14
    of that $200,000 subtract the $50,000
  • 00:43:16
    you owe left and the rest will be left
  • 00:43:18
    to you in cash that you can do whatever
  • 00:43:19
    you want with and I would live off of
  • 00:43:21
    that because it's completely taxfree and
  • 00:43:24
    all the income you get you put that
  • 00:43:27
    towards more Investments to use to
  • 00:43:30
    depreciate more depreciate and take that
  • 00:43:33
    more against your income so you don't
  • 00:43:34
    have to pay any taxes at all it's all
  • 00:43:36
    legal too there's tax Loop not not even
  • 00:43:38
    tax loopholes it's within the tax code
  • 00:43:40
    use it do not over leverage your
  • 00:43:42
    properties there will be no contingency
  • 00:43:44
    plan in case things go sideways in your
  • 00:43:46
    life so I'm not saying over leverage all
  • 00:43:49
    your properties but I'm saying try and
  • 00:43:51
    live off as much debt as you can I mean
  • 00:43:53
    it's awesome it's a great way to scale
  • 00:43:55
    Let's do an example of this you work 700
  • 00:43:57
    50 hours a year in real estate managing
  • 00:43:58
    properties acquiring properties
  • 00:44:00
    development developing land whatever the
  • 00:44:02
    reason is is you have to be a real
  • 00:44:03
    estate professional to take advantage of
  • 00:44:04
    majority of these things say all of your
  • 00:44:06
    income streams total $350,000 a year you
  • 00:44:09
    buy a 24 unit apartment complex worth
  • 00:44:11
    $2.4 million you run a cost segregation
  • 00:44:13
    segregation study to depreciate it by
  • 00:44:15
    60% your net income for the year is
  • 00:44:18
    negative
  • 00:44:19
    1.09 million and guess what the excess
  • 00:44:23
    is carried over in the next three years
  • 00:44:26
    which would cover almost another three
  • 00:44:28
    years of your total income so you didn't
  • 00:44:30
    have to invest one more dime in three
  • 00:44:31
    years and you would literally not have
  • 00:44:33
    to pay a dime in taxes but of course
  • 00:44:35
    we're going to try and invest more and
  • 00:44:36
    more so we can just keep depreciating
  • 00:44:38
    depreciating depreciating riding off and
  • 00:44:40
    making more money right I mean not
  • 00:44:42
    paying the government taxes because at
  • 00:44:43
    the end of the day I don't want to pay
  • 00:44:44
    taxes to be honest with you you may but
  • 00:44:46
    I don't and again control with the CPA
  • 00:44:48
    don't ask me I'm not a professional I
  • 00:44:50
    don't know anything about I don't know
  • 00:44:51
    anything about law I don't know anything
  • 00:44:52
    about attorneys I don't know anything
  • 00:44:53
    about taxes you do you canol with the
  • 00:44:55
    CPA if you'd like and you would pay 0
  • 00:44:57
    for three years if you followed that now
  • 00:44:59
    is it this is it this easy or is it is
  • 00:45:02
    this real yes is it this simple no call
  • 00:45:04
    a real estate specialist CPA in your
  • 00:45:05
    area and have them run the exact numbers
  • 00:45:07
    once you have purchased the property I
  • 00:45:08
    hope you find this valuable this is
  • 00:45:10
    everything that you need to go from $0
  • 00:45:13
    to making $40,000 per month in the next
  • 00:45:16
    90 days it's trust me just follow these
  • 00:45:18
    critical Steps step by step if you want
  • 00:45:20
    to work directly with me get access to
  • 00:45:22
    all my cash buyers all my Investment
  • 00:45:24
    Partners all my private money lenders
  • 00:45:25
    all my marketing Partners all my
  • 00:45:27
    contractors and bi-weekly calls where
  • 00:45:29
    you can have all of your questions
  • 00:45:30
    answered with me click the link in
  • 00:45:32
    description and schedule a free call
  • 00:45:34
    one-on-one with me oh yeah I forgot to
  • 00:45:36
    tell you if you qualify for my
  • 00:45:37
    one-on-one program I guarantee that
  • 00:45:39
    you'll make an extra $10,000 in the next
  • 00:45:42
    90 days or I'll pay you $5,000 you can
  • 00:45:45
    check to see if you qualify by booking a
  • 00:45:47
    call below and subscribe because I'll be
  • 00:45:48
    posting free walkthroughs just like this
  • 00:45:50
    to hold your hand to your first $100,000
  • 00:45:53
    that being said you have a blessed rest
  • 00:45:55
    of your day
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