Flipping Miami

A major part of your success will come from your mindset. You have to think the right way so you could achieve your goals and attract more opportunities that will give you success!

One of the most important skills you need to have as a real estate investor is thoroughly evaluating deals, no matter what property type you’re working with. Our business is focusing on multifamily properties this year and that’s what I’m here to share with you guys.

When it comes to finding deals, it all comes down to two components - marketing and sales. These two components work hand-in-hand to give you the results you want to have in your business.

As a real estate investor, it’s the first deal that always gets you fueled and fired up to get more. I got my first deal through a method that I learned from a podcast I listened to and after that was done, I never wanted to stop!

Direct mail, up to now, is still one of our most profitable lead sources. It’s an age-old strategy that’s proven effective no matter how much technology changes marketing, and it’s a strategy you should be using in your business too.

For those of you that don’t know what an MLS is, it’s a Multiple Listing Service, and it is where realtors, real estate agents, and brokers list their properties for sale. It’s a marketplace that can be accessed only if you’re licensed and it’s another great way to find great deals.

Wholesaling is one of the greatest strategies in real estate investing. It’s a strategy that can make you millions when done right and it’s important that you know what wholesale deals are like before you get started.

A VTO is a Vision Traction Organizer and it comes from the book Traction by Gino Wickman. It is one of the most important things you need to have in your business to make sure that you’re focused on what truly matters and that you’re always on track to achieve your goals.

Another key strategy we use in our wholesale business is cold calling and it gives us the best return on our money. Cold calling can be a powerful strategy if you have the right people doing it through the right process!

If you want your business to become successful, you need to have a strategic plan in place. Simple to-do lists won’t work and that’s why we follow a system that helps us make sure we’re not running around like chickens with our heads cut off!

It takes a lot to build a great team. We put thousands of hours into building people and as a business owner, you don’t want to keep on doing the same thing and starting over because the great ones are leaving.

We’re in the skill set game. We’re in the skill set game as an entrepreneur, as a business owner, as someone who wants to do deals as a real estate investor. If you don’t work on gaining the skill sets you need to succeed, things aren’t gonna get any better! Listen learn more about the importance of skills and what skills you need to learn to become successful as an entrepreneur!

We all have big goals in life and reasons for doing what we’re doing. My goal is to help as many people as I can in the best ways I can, and that’s what keeps me going.   Listen to learn more about my big why, my goals, and my passion, and how my business is helping me get to where I want to be!

People may have many different reasons to give when they’re asked why they haven’t started, but it ultimately comes down to one thing, and that’s fear. The fear of failure, rejection, or whatever it may be, it’s always tied to fear and fear triggers negative emotions.    Watch this video to learn more about these fears and a simple action plan you can use to help yourself overcome them!   Key Talking Points of the Episode   [00:00] Introduction [00:15] Why haven’t you started? [01:01] What are the biggest fears? [02:23] How do false beliefs affect you? [03:20] How do you get over it?  [04:21] The 5 Second Rule [05:55] Take cold showers  [06:27] Work out and educate yourself [07:03] Surround yourself with fearless people

The buy and hold strategy is the biggest myth in real estate. People talk about how great it is and how you only need to acquire the property, put a tenant in, and the rest is cash flow, but nobody really talks about the other part where you deal with the tenants, the payments don’t always come on time, and things break.    Watch this video to learn why I do not focus on buy and hold strategies and how I got started in learning about multifamily properties!   Key Talking Points of the Episode   [00:00] Introduction [00:19] What is the average price of a wholesale deal?  [00:44] What is the average price of a fix and flip deal? [01:40] Why is the buy and hold strategy the biggest myth in real estate? [02:30] What are the flaws of owner financing? [03:50] What are my plans for my multi-family strategy? [04:25] Did I take courses to learn about the multi-family space? [05:45] Why have I not bought more properties?

The buy and hold strategy is the biggest myth in real estate. People talk about how great it is and how you only need to acquire the property, put a tenant in, and the rest is cash flow, but nobody really talks about the other part where you deal with the tenants, the payments don’t always come on time, and things break.

As a new investor, you may find yourself struggling when it comes to speaking with realtors. If you don’t know what to say to them or how to speak with them about a deal, here’s a video of a conversation I had with a realtor on a virtual fix and flip we’re planning to do.

When you’re looking at a potential deal, there are many factors you need to consider before you go for it. You can’t simply get it locked in based on your gut feeling or what you think it’s going to be worth after you get it. In this video, we’re reviewing and analyzing a potential deal we have in Cape Coral and we’re taking you through the decision-making process.

In our business today, we don’t just do wholesaling. We have a lot of different strategies we use in our investments and seller financing is one of them, which I learned a lot from Mitch Stephen’s book, My Life & 1,000 Houses: The Art of Owner Financing.

There have been a lot of sudden changes in the economy recently from cryptocurrency plummeting to job vacancies decreasing and that leaves us wondering what’s going to happen next. What’s going to happen to our money, investments, and portfolios?    Watch this video to learn more about the current trends that are affecting our investments and what I’m doing to pivot away from the losing train this year!