In this episode Jessie (Bill's daughter) is a guest speaker. Jessie just went through a FHA 203K loan (A type of government loan). By the end of this show you will have a complete understanding the advantages & dis-advantages of this special type of loan the government uses for people like Jessie who want to buy an UGLY house and renovate it. Using this very special type of a loan. A Very good episode to listen to if you have no clue how you would find "hard money" or "private money" to do renovations! Jessie tells use her hands on experience while going through this process. This is an absolute MUST for anyone who thinks they can't get money to buy a house and flip it!!!
In this episode Bill & Pete go step by step on how you can get started in real estate investing. Bill starts the episode off by talking about his current situation on how he had to go to a building department and get out of trouble. Or, actually, not get out of trouble. This parrable is worth listening to for all of it's lessons. Then Pete brings up how the whole process is not just renovating the house. It is a lot more than that. Knowing what Bill & Pete cover in this episode is the fundamentals of how to be successful in the real estate business. Listen to this show for some HUGE secrets on how to handle each step of the process perfectly.
In this episode Bill, Pete, and Lisa cover what an amateur is, and what a professional is. Lisa brings up that amateurs can make money by buying one or two houses. Bill & Pete argue the point this is not really true! This ends up with pulling out a dictionary and looking for some clarification on what you should do. Do you need an elementary education, a high school education, or college education when it comes to real estate investing? In the end we actually figure out what an amateur and a pro. And which you should need to be to make BIG money. A very good show to listen to if you are trying to ramp up your real estate career to make consistent income and make it your sole income.
MMA (Mixed Martial Arts) or as we call it in real estate . . . Message Media & Audience (MMA). Once you fully understand this basic "rule" you will always be able to make money. The episode starts out by talking about CTN (Criteria, Terms, and Network - or your 'team'). Then the conversation turns into how the real estate economy is at the time of this recording. And what it might turn into. Then Bill covers when you should marketing start and stop while doing a deal, and on from there. At this point the conversation turns to the best way to find your "perfect" audience and what to say them. And, why this is so important in the buying house industry. We then creep into some good advice on how to make offers. Some stuff not covered before. As if in a college course learning to flip houses. A very good episode for beginners.