Today’s REI Classroom Lesson Kelly McDonald explains different lending options for first time flippers, including their pros and cons. REI Classroom Summary While you might be using your own money right now, at a certain point using other people’s money (OPM) becomes the easiest way to scale your business. Listen to this REI Classroom Lesson…
Today’s REI Classroom Lesson Michael Blank goes over some of the pros and cons of using your friends and family as a lending source. REI Classroom Summary It’s important to consider what will happen if you take a loss on a property. Who will be out the money? Michael explains your options and what he…
Show Summary This is episode #361, and my guests today are husband and wife team, Jon and Stacy Bichelmeyer. Jon and Stacy are investors out of Kansas City, doing around 60-70 deals a year. When the last downturn happened in the market, their traditional funding dried up…and they needed to find another solution to finance…
Today’s REI Classroom Lesson H. Quincy Long provides 10 tips for you to take advantage of when using private money for your investment deals. REI Classroom Summary When you have a private money lender, there are steps to take to make sure they know their money is in good hands. Listen to this REI Classroom…
Today’s REI Classroom Lesson Today, Steve Bighaus clarifies what constitutes a financed property, as there are common misconceptions. REI Classroom Summary Steve clears up confusion about what counts as a financed property since there’s many assumptions out there that simply aren’t true. Listen to this REI Classroom Lesson Real Estate Investing Classroom Show Transcripts: Mike:…
“If you’re not willing to risk the usual, you will have to settle for the ordinary.” ~ Jim Rohn Many freelance professionals or self-employed individuals would connect with what Jim Rohn said. Working as a freelancer has its own set of challenges and benefits, and judging by the numbers, freelancing is catching up in…
Today’s REI Classroom Lesson Today, Blake Yarborough explains how a hard money loan doesn’t just have to be for rehab projects. REI Classroom Summary There are outside the box benefits and tips for using a hard money loan for a property that you don’t intend on rehabbing. Listen to this REI Classroom Lesson Real Estate…
“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option. Solo 401(k) plans are qualified retirement plans for self-employed professionals and business owners with no employees other…
Today’s REI Classroom Lesson H. Quincy Long goes through the top 10 tips for lending money privately from your IRA for a deal. REI Classroom Summary If you’re acting as a private money lender, you need to protect yourself and your money. H. Quincy Long explains his tips on how to handle being a private…
Today’s REI Classroom Lesson Over the past year, changes have rolled out with Freddie Mac and Fannie Mae, and Steve Bighaus joins us to tell us about how it affects real estate investors. REI Classroom Summary Many of the recent changes are a benefit to real estate investors. Learn about the changes that you need…
