Epic Real Estate Investing - How to Set Yourself Free While You're Young Enough to Enjoy the Freedom - Epic Wealth Wednesday | 299

Episode Date: September 27, 2017

Epic Wealth Wednesday is back with a bubble-proof strategy for achieving financial freedom through real estate investing. Get access to the money and expertise to build a passive income cash flow portfolio and learn the low-risk methods for acquiring and developing real estate deals. Put aside the fear and you will grow into the financial future of your dreams. Don’t hesitate. Leverage your Epic Wealth here! ______   The free course is new and improved!  To access to the two fastest and easiest strategies to a paycheck in real estate, go to FreeRealEstateInvestingCourse.com or text “FreeCourse” to 55678. What interests you most? • E.ducation • P.roperties • I.ncome • C.oaching Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's episode is sponsored by Credit Bump, a new fast and simple way to get up to $150,000 of revolving lines of credit. Use the funds for anything you need. Startup costs for your business, capital expenses, product development, inventory, marketing, promotion, creative real estate acquisitions and strategies, anything your business needs. They have a 60-second online application. It's a soft inquiry, meaning the application process will not impact your credit score in any way. There are no upfront fees. Interest rates are as low as 0% for the first 12%. to 18 months. If you opt in for their credit consulting, you'll learn how to extend your 0% interest rates, far and beyond that, build corporate credit and so much more. The approval is based on your credit score and your stated income. And if you're pre-approved and you don't receive at least $50,000 in funding, you don't pay a cent in fees. Through their service, I've

helped members of my Epic community receive more than $13 million of funding in the last six months. They've got top-notch customer service. Credit bump has an A-plus rating with the Better Business Bureau. In short, you're in great hands and you've got nothing to lose. Go to creditbump.com. Creditbump.com. That's creditbump.com. And now, back to creating your epic wealth. All righty.

So now you've heard how I've personally set up my business, how I've set it up to leverage the expertise of others, and by doing that how I virtually eliminated the risk from my real estate investing. And you've seen by how my clients that when they jump on our backs and leverage our systems that we have in place and leverage our relationships and our teams, they benefit from that. You know, Cheryl out of San Francisco with her Indianapolis property, it's producing a 13% cash on cash return, just the cash on cash return. And that's our first property. Raymond out of Richmond, Virginia, picking up a St. Louis property that produces a 12% cash on cash return. And he's picked up a few more just like it since.

And then Gary, Gary out of Pasadena, more than doubling the value of his 401k within his first year working with us. Can you imagine doubling the value of your retirement account in one year? All in a tax-free environment? Why don't they teach this stuff in school? You know, how much better would our lives have been if we learned this instead of, you know, the book report that we did on Catcher in the Rye? Great book, but, you know, how does this service today? Why don't they teach us this stuff in school? All right.

Well, enough about them, enough about the school system. I want to talk about you. If you had the leverage of money and other people's expertise working for you in a diversified structure, like the one that we just went over in the last segment, if you had that all working for you, what kind of impact would that have for you? What would be available to you in life that's not available now? If you think about all of the time you haven't been leveraging other people's money and other people's expertise and you haven't been diversifying, how much has it cost you? You know, right now, you've got a choice to make.

You can keep pursuing passive income through real estate the way you've been doing it, or you can take on a new way and start leveraging other people's money, other people's expertise, in a way that virtually eliminates the risk. that virtually eliminates the headache. Doing it this new way, this is how you will escape the rat race while you're still young enough to enjoy the freedom from the rat race. You know, I'm not sure what has you tune into this show every week. And it could be because, you know, you're just getting by on your job's income. Or maybe you have doubts about your current investments. Kind of, you know, you're kind of like, I don't know what Wall Street's doing.

I don't think this, I don't know if this is going to work or not. Or maybe it's just been one big headache after another trying to create passive income from real estate for you. Well, now you know that passive income is the path to an easier life financially. That real estate supported by the right strategy is something you can be confident about. And by leveraging other people's money and expertise, you can get to where you want to go much faster with a sense of peace. I mean, how do you think Gary's feeling right now about his 401K? Again, this is about you. How do you make it happen?

You could take what you've learned during these last few episodes. You can piece some things together. You can go out there, work by trial and error. In other words, go slow. There's nothing wrong with that. That's how I did it. Or you can plug into a proven solution, leveraging the expertise and efforts of others

to do it all for you and go fast. Well, the solution I created is called the passive income freedom plan. But I've got to stop for a second before I tell you what it is and state that it's not for everybody. I mean, if you're the resigned and cynical type that's always looking for why things can go wrong, this is not for you. You know, I found that generally people that look for the negative in every scenario, they tend to get negative results.

And I'd just rather not be a part of that. So if you're grumpy, you're cranky, or crudgy, and you don't like people much, I'd ask you to not take the next step. The second person that this isn't for is the person that's expecting to get something for nothing. You know, last week, we covered pretty thoroughly what passive income is and what it isn't. You see, passive income, does not mean uninvolved income. The word passive in passive income is not literal.

Passive income, though, it's still far better than active income, and it's still the only shot you have at ever experiencing financial freedom. If you're okay with a couple hours a month to do that to create your wealth, then I will extend this invitation to you to get your passive income freedom plan. And I built the passive income freedom plan specifically to help people overcome their day-to-day financial struggles, their doubts about their financial future, and to alleviate the frequent headaches that can accompany building wealth through real estate. The passive income freedom plan is designed to make it easy to create passive income through

real estate at an accelerated rate and provide peace of mind around one's financial future. That's what it's designed to do. Listen, if I were in your shoes right now looking for a solution to creating passive income, I'd be looking for three things. I'd be looking for a proven, customized plan that's going to work just for me. I'd be looking for experts to take on all of the heavy lifting of that plan for me. And then an open line of support should I ever have a question or need assistance. And that's exactly what the passive income freedom plan is.

So that leaves us with just one thing left to discuss. And that's price. Normally a client gets started with the $500 passive income audit. And what this audit will do for you is, one, identify the number of one thing that's holding you back and how to overcome it. And two, you'll receive three specific strategies on how to reach your passive income goal the fastest. Then after the audit, of which could take as little as 10 minutes, you're going to be clear on what there is to do to reach your passive income goal. And I find this extremely rewarding to watch people see what's

possible for them. And that's why I'm offering a limited number of passive income audits for free. We've only got so many slots available. So you're going to want to go to passive income audit.com and grab one of those slots while they're still available. Go to passive income audit.com and book yourself directly into our calendar. Normally, 500 bucks? Today, it's free. Grab one of these limited free spots by going to passive income audit.com. Now, some of the more frequently asked questions that we get is, one of them is, how do you pick your markets? How do you know where to invest?

Well, this is how we do it. And it's a significant part of what I think makes, makes us very, very different. We certainly look at all of the other basic economic indicators. We look at affordability. We look at employment. We look at crime. We look at the school systems. We look at diversified industry in the area. We look at what the local government is doing. Are they involved in the community? Are they involved in improvements? We look at all the stuff that most experts look at when analyzing a market. But what makes us different is we don't go into a market unless we have two solid, two solid competent trusted property management relationships in place. We must have two before we go in. And here's why. All of those economic

indicators, they can give a market a glowing endorsement of huge thumbs up. But if there's not competent property management in place to get the individual properties to perform and produce that passive income, we're not going in. It's not worth the risk. Not for us, not for our clients. So aside from the basic economic indicators that all experts look at, relationships. That's what we look at. That's number one.

Another question we often receive is, what happens when the next real estate bubble bursts? And I really like this question. And I like it for two reasons. One, I've got a bulletproof answer for it. And two, I get to put my clients at ease with the answer. So what happens when the next real estate bubble bursts? Well, if you follow the risk management rules that I laid out step by step with rule number one being, don't wait for appreciation to buy real estate, buy for cash flow and wait, then it doesn't matter what the market does.

It may go up and it may go down and it will. And while it's doing that, you are receiving your passive income. You see, the ebbs and flows in the market may affect your property's value. but it has very little impact on your property's cash flow, if any. And based on our crystal ball, that being that the growing demand for shelter, the growing population, real estate is only going to appreciate. I mean, it may go up and down along the way while it appreciates, but who cares? You're receiving monthly passive income while it does.

And that was the goal. Now, if you're still thinking about timing the market, wondering if it's a good time to get in or not, if you're concerned about the next bubble bursting, well, what that tells me is that you haven't shifted your focus yet. You're still focused on building piles of cash. I mean, even though last week you made the decision to focus on creating streams of cash, you're still thinking about building those piles. And that's okay. You've likely been thinking about those piles for quite a while, probably most of your life. That's how most people think. It might take a minute for it to really sink in, but it will. It will sink in. And don't wait for it to sink in,

though. Just take what you know intellectually, get started. And when that passive income starts rolling in, your heart's going to catch up. Everything's going to get into alignment. Everything's going to be just fine. So go to passive income audit.com and grab one of those slots while they're still available. Just go ahead and book yourself directly into our calendar. Normally, $500. Today, it's free. Grab one of those limited free spots. You can get one of those free spots for yourself at passive income audit.com. You know, right now is an extraordinary time to be searching for real estate deals. Many markets are experiencing solid appreciation again. Builders are starting to build again and it's very exciting what's going on right now. And I want to talk about that right after

this. Is Wall Street failing to meet your expectations? Has your 401k tragically turned into a 201K or worse, don't panic. You don't have a money problem. You have an idea problem. We're cashflow savvy.com and we'd like to share with you a new idea how one small shift can transform your financial future and accelerate its arrival. Go to cashflowsavvy.com to get this new idea that Wall Street doesn't want you to know about. Cashflow savvy.com. More control, less risk. Cashflow savvy.com. And now, back to creating your epic wealth. All righty. So just before the break, I was mentioning that this is an extraordinary time to be searching for real estate deals. Many markets are experiencing solid appreciation again. Builders, they're

starting to build again, which means the market has bounced back significantly since the lows of 2007, 2008, 2009, which means purchasing properties at deep discounts isn't nearly as easy as it was a year ago, or even just six months ago. But no worries. There's still plenty of profit to be had. Still an amazing amount of upside, but likely less and less of that profit is going to come to you by way of buying discount of properties up front, like making those straight all-cash offers. That's a strategy that a lot of investors use. They'll say, I'll give you all-cash, we'll close in seven days in exchange for a little bit more of a discount. That's going to work less and less in my opinion. You're going to have to get creative and squeezing out profit

from your deals. And over the next several segments, I'm going to discuss how to use your intellectual currency, more than your actual currency. So let's begin with a general overview of five creative ways to buy real estate. And then in the coming segments, we'll go ahead and we'll dive deeper in detail into each one of those, into each one of those individually. All right. So number one, conventional financing. Now right there, that just kind of flies in the face of creativity, doesn't it? Right? No, understand that this is, this would not fall into the category of creativity, but I invite you to look at conventional financing in a different way. You see, we're still at historic lows when it comes to interest rates. And the banking guidelines,

they're starting to loosen up a bit. And if you're going to use other people's money, you always want to take advantage of that cheapest money first. You want to take advantage of the cheapest money available. You want to go after that first. And right now, that would be the bank's money. But it might not be for too much longer. So the creativity comes in here with regard to how can you get some of this cheap money? I mean, do you have the credit means? If you do, okay, that's very conventionally going about it. And you just might want to tap into that right now if you haven't already.

Now, if you don't have the credit means or if you've maxed out your credit, who else's credit can you tap into? Are there people in your world with solid credit and solid financials that would be open to partnering with you simply or by simply offering their credit score to a deal? You know, my good friend, Christian Martinez, He's purchased almost his entire portfolio this way. He's got the time to go out and find the deals. He has one partner bring in the down payment.

He's got another partner to qualify for the loan. And then so he finds the deals and he manages them. And they are three-way partners and they're building wealth in a way that they couldn't if they were just doing it all by themselves individually. So there's a thought on creativity and seizing the opportunities of the current lending environment. Right. So number two, this is probably my favorite. seller carryback.

Seller carryback. What a seller carryback is, instead of you borrowing the money from a bank to purchase a property, the seller becomes the bank and loans the money to you. And the creativity here, it's really limited by only your thinking. And much of that creativity is inspired by why the seller is selling them in the first place. Where's their motivation? That's really where the creativity is going to come in and why this deal, why you can actually make this a reality for yourself.

You know, because sometimes they're going to carry back financing for you because there's no other way for them to sell the property. They're stuck. They've got to. Or they're in a situation where they don't need a big giant cash infusion or it's a tax strategy. And so they don't need the money. So they'll go ahead and they'd rather have the installment payments and everything in between. The creativity and flexibility that can be had here is like no other.

An opportunity for yourself can be created just really at every corner. Just the ease of acquisition alone is enough to add this to your toolbox, meaning typically no credit scores required, no appraisal process, no bank headaches, no underwriting process, and it's not uncommon for there to be no down payment either. So, seller carryback, rocks. That's number two. Number three, subject to, subject two. Now the phrase subject to, what that originates from is the expression subject to existing financing.

Subject to existing financing. See, when purchasing a property, subject to, the existing finance, stays in the seller's name, but title is transferred to your name. Okay, so the seller is still on the hook for the loan, but now you own the property. And this is an ideal solution for the seller when they need to sell fast. They're in a situation where I just got to get in and out. I got to get out. It's an ideal solution for you as frequently.

It can be a no-money-down deal. And it can give you time to find alternative financing that will be in your name. Or it can serve as a bridge loan, so to do. speak while you fix up the property and sell for top dollar at the retail level. In the event that you deploy the strategy to fund a deal, understand it is your responsibility, even though the debt is not in your name, it's your responsibility to follow through on your word and make the payments of that seller's financing and do that on time. Now, there's some other nuances here that are going to require your attention, but that's

the gist. We'll get to that later. Number four, the seller second. The seller second, closely related to seller carryback. this strategy can be extremely helpful in putting deals together. The seller's second, what that does is, it implies that the seller gives a second home loan. Now, normally, the second would be large enough to cover most of or all of, say, your down payment to complete your conventional finance or requirements, your down payment, maybe your closing cost.

And so if you're approved for a loan, whether that be conventional or private, you can ask the seller to carry back a second to complete the transaction. And this way, the seller gets most of their equity out of the property and some interest payments to boot. And you get into the deal using none of your own money. And another option for a second. It's not a seller second, but you can still kind of work this strategy with other sources of funds. There's no money down acquisition for yourself. It could be through a credit card or a credit line or you've got a he lock or a credit card is good.

I mean, just like the ones that my students are using from Epicfastfunding.com. That's another way that you can access those funds and use those funds is to go ahead and start helping yourself with the acquisition. So if that's something that makes sense for you, go to Epicfastfunding.com. It's 60 second application process all online. And boom, within 24 hours you have word. And as soon as seven days, you can have up to $150,000 for that. Okay. So that's number three.

Epicfastfunding.com or excuse me, the seller second. And that's not number three. It was number four. So number four is the seller second. Moving right along. Number five, lease option. At long last, in the event that you can't figure out how to fund your real estate deal, you can do a lease option.

And the lease option, what it does, it permits you to get into the house for practically zero cash down. And it gives you the exclusive privilege to purchase the property in the future. It's typically, I don't know, a few years, one to three years, depending is probably the standard term for that. And this time period is what's going to give you the opportunity to either, obtain long-term financing. So you've got the exclusive right. So go out and try and find financing for it.

Or it's going to give you time to go out and find a buyer for the property. Or it's going to give you time to go out and find a buyer for the option on that property. Additionally, you can structure your deal so that a portion of the monthly lease payments are applied to the eventual purchase. So there's an overview of what's to come. One, we talked about seller carryback. Two, we talked about, oh, one was conventional finance. to a seller carryback, three, subject two, four, the seller second, and five, the lease option.

So there's an overview of what's to come. And I'll see you then as we continue creating your epic wealth. If opening up your financial statement each month is about as exciting as watching paint dry, the epic wealth fund may be the next investment opportunity for you. The epic wealth fund invests in distressed real estate and shares the profits with its sharehold If you're an accredited investor who has already enjoyed success elsewhere in their business or investing life, and you're seeking a broader exposure to real estate in your portfolio on a passive basis, the Epic Wealth Fund's Executive Summary is available for your review. Go to EpicWealthfund.com to review the fund's executive summary.

Epicwealthfund.com Real estate investments involve a high degree of risk. Residential income and returns may vary and are not guaranteed. Past performance has no indication of future performance. shall be construed as investment, tax, legal, or accounting advice. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.