The Ultimate Guide to Driving for Dollars and Making 20k/Month: Because Walking for Dollars is Too Slow
Every real estate investor should know what “Driving for Dollars” means and how it works to find motivated seller leads, even if you are never use the strategy. Today we will talk about how drive for dollars and how to do correctly and better than anybody else ever will so that you make a consisted $20,000 month. We’ll go over all the definitions, steps and I’ll even give you some marketing materials that you can copy and paste for FREE.
Driving for Dollars: The Utimate Guide for Real Estate Investors to Find Motivated Sellers, Do More Deals and Make 20k/Month from Driving.
Driving for dollars is important for real estate investors because it allows you to find deals that nobody else has access to, build your team and create a regular income. Today we will talk about all the math that you need to do ahead of time, the exact steps to and in which order. This is exactly how to build a machine using the “Driving for Dollars” strategy.
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Driving for Dollars can be very profitable and on this page I’ll walk you through EVERY step.
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How to Driving For Dollars to Find Motivated Sellers NOW
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You can download the Quick Guide above here:
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The Ultimate Guide to Driving for Dollars and Making 20k/Month: Because Walking for Dollars is Too Slow
Are you tired of walking around, pounding the pavement for potential real estate investment properties? It’s time to put on your driving shoes and hit the road with the “Driving for Dollars” strategy. In this guide, we’ll take you through the steps of driving for dollars, and show you how to do it better, faster, and make more money while helping people at the same time.
If you’re a real estate investor looking for new investment opportunities, driving for dollars can be a highly effective strategy. This method involves physically driving around neighborhoods to find distressed properties that are not on the market. By identifying these properties and contacting the owners directly, you can potentially secure a deal before the property is listed and at a better price.
In this article, we’ll outline the step-by-step process for driving for dollars, the tools and resources you’ll need, and some tips for success. This is the ONLY guide on the entire internet that will show you how to make a steady $20,000 a month from “Driving for Dollars”.
What is Driving for Dollars to Find Motivated Sellers?
Driving for dollars is the art of finding distressed properties that aren’t on the market by driving around neighborhoods and looking for signs of neglect. You can identify these properties by spotting overgrown lawns, boarded-up windows, and mailboxes overflowing with mail. Think of it as a real estate scavenger hunt, but with fewer bugs and more potential profits.
Driving for dollars is a strategy used by real estate investors to find potential investment properties that are not listed on the market. The goal is to identify distressed properties that show signs of neglect or disrepair, and contact the property owner directly to negotiate a deal.
Why is Driving for Dollars Important for Real Estate Investors?
Driving for dollars is important for real estate investors because it helps them to find properties that are not on the market and potentially undervalued. These are properties that are not advertised and may be in need of some TLC. By using this strategy, investors can negotiate directly with the owner and have a better chance of getting a good deal.
Driving for dollars is so helpful because the “hotter” a market is the more important it becomes for real estate investors to have creative ways to find deals. Using this guide you can outdo your competition and do deals in ways that make it impossible for other investors to keep up with you.
Purpose of the Guide
The purpose of this guide is to help you master the art of driving for dollars. We’ll show you how to identify target neighborhoods, how to spot distressed properties, how to research the property owner, and how to make an offer. By the end of this guide, you’ll be driving for dollars like a pro.
You’ll know more about to ourmarket, outnegotiate and overall outDO every investor in your market. Driving for dollars is not a strategy to use just by itself though, it is important to include this as part of a larger strategy to create passive income.
How to Make $20,000 a Month Driving for Dollars?
Check out the guide below and you’ll see a breakdown of the math. To make 20k/month you need to do about 1-4 deals a month or on average let’s say two deals a month. To build your bank of 77s (77 = person in your network that makes you at least $1,000/month) you may be at 5% when you start, so you need to talk to 20 people to find one 77.
You’ll need about 20, so based on that math you would go through about 400 contacts. The actual number should be less than 300. That means 300 “touches” or contacts. We will talk about this later but just know that all you need is a handful of 77s and you’ll be making 10-20k+/month. So as we go through the rest of this guide make sure that you focus on executing these checklists with enthusiasm because these relationships will last for decades. afdafd
Step-by-Step Guide to Driving for Dollars
Step 1: Identify Target Neighborhoods
The first step in driving for dollars is to identify target neighborhoods. Look for neighborhoods with a high percentage of distressed properties or areas that have recently undergone gentrification. You’re not looking for Beverly Hills here; you’re looking for neighborhoods that have potential and are ripe for investment.
Step 2: Get Your Equipment Ready
To effectively drive for dollars, you’ll need a few tools and resources to help you identify distressed properties and find their owners. These include:
- A reliable vehicle: You’ll be driving around for long periods of time, so make sure your vehicle is in good condition and has a full tank of gas.
- A smartphone or tablet: You’ll need a device with a GPS and a camera to help you navigate and document your findings.
- Mapping software: Use software such as Google Maps to map out your route and track your progress.
- Public records databases: You’ll need access to public records databases to find the owners of distressed properties. Tools like PropertyShark and ListSource can be useful for this.
What Equipment Do I Need to Drive For Dollars?
Here’s the equipment that real estate investors need to drive for dollars:
Equip yourself with the tools you’ll need during your drive, such as a smartphone or tablet with a reliable internet connection, a notebook or spreadsheet to record property information, a camera or smartphone for taking pictures, and a GPS or navigation device.
When driving for dollars, here are some tools you may find useful:
1. Smartphone or Tablet:
A smartphone or tablet is essential for various purposes, such as researching property information, accessing maps and navigation apps, taking pictures of properties, and staying connected to online resources.
2. Internet Connection:
Ensure you have a reliable internet connection on your smartphone or tablet to access online resources, property data, and mapping applications while driving.
3. GPS or Navigation Device:
A GPS or navigation device can help you navigate through unfamiliar areas efficiently and optimize your driving route. You can also use a navigation apps on your smartphone or tablet, such as Google Maps or Waze.
4. Notebook or Spreadsheet:
Carry a notebook or use a spreadsheet application on your device to record property details, addresses, observations, and contact information. This will help you organize and track the properties you identify while driving.
5. Camera or Smartphone:
Use a camera or the camera on your smartphone to take pictures of properties that catch your attention. These visual records can be helpful for later evaluation and reference.
6. Maybe a Driving for Dollars Apps:
Consider using dedicated driving for dollars apps, such as DealMachine, PinPoint Profits, or BatchDriven, which can streamline the process by providing property information, contact management features, and integrated tools for direct mail campaigns. Remember you do NOT need any apps but they can help.
7. County Assessor’s Websites:
Access county assessor’s websites or property tax records online to gather information about property ownership, assessed values, and other property details.
To find your county assessor’s website, you can follow these steps:
1. Search Online: Open your preferred search engine (e.g., Google, Bing, Yahoo) and type in “[Your County Name] county assessor’s office website.” For example, if you are in Los Angeles County, you would search for “Los Angeles County assessor’s office website.”
2. Government Website: Look for official government websites in the search results. Typically, county assessor’s offices have dedicated web pages on official government websites.
3. County Website: Visit your county’s official website. Look for sections related to property or taxation, as the county assessor’s office is often associated with these departments.
4. County Directory: Some county websites have directories or search functions that allow you to find specific departments or offices. Look for a “Government” or “Departments” section on the county website and search for the assessor’s office within the directory.
5. Contact Local Government: If you are having difficulty finding the assessor’s website online, you can contact your local government’s general information line or the county clerk’s office to inquire about the assessor’s office contact information or website.
Remember, each county may have its own website structure and organization, so the specific steps to find the assessor’s website may vary. However, using a search engine and exploring the official county government website are the typical methods to locate the county assessor’s office and their website.
8. Skip Tracing Services:
If you need to locate property owner contact information, you can use skip tracing services or platforms like TLO, LexisNexis, or Spokeo to find accurate owner details.
Here are some FREE skip tracing services that real estate estate investors can use when Driving for Dollars:
1. TruePeopleSearch: TruePeopleSearch provides free people search and reverse phone lookup services. While it may not have as comprehensive data as paid services, it can still be useful for basic skip tracing needs. https://www.truepeoplesearch.com
2. ZabaSearch: ZabaSearch is a free people search engine that can help you find contact information, addresses, and phone numbers. It can be a useful tool for locating property owners. https://www.zabasearch.com
3. Whitepages: Whitepages offers a free people search feature that allows you to find contact information, addresses, and phone numbers. While some details may be limited in the free version, it can still provide valuable information for skip tracing purposes. https://www.whitepages.com
4. Spokeo: Spokeo offers a basic search option that provides limited information for free. It can be helpful for finding contact details or verifying addresses. https://www.spokeo.com
5. Pipl: Pipl is a people search engine that can help you find information about individuals, including contact details and social media profiles. While it offers both free and paid options, the free search feature can still provide some useful information. https://www.pipl.com
6.) Fast People Search: This is also another free tool that gives living, rental and timeline resident history of people including their current contact info. The information isn’t always 100% accurate but the free version still provides a lot. https://www.fastpeoplesearch.com/
9. CRM (Customer Relationship Management) Tool:
Consider utilizing a CRM tool or software to manage your leads, track communication with property owners, schedule follow-ups, and stay organized throughout the process.
Here are some FREE CRMs for real estate investors:
Streak: Streak is a CRM built specifically for Gmail users. It integrates seamlessly with Gmail and offers pipeline management, contact tracking, email tracking, and collaboration features. It’s a great option for real estate investors who primarily use Gmail for their communication. Website: Streak
Bitrix24: Bitrix24 offers a free CRM solution with contact management, lead tracking, and communication tools. It also includes task management and collaboration features, making it suitable for real estate investors working in teams. Website: Bitrix24
Agile CRM: Agile CRM offers a free version that includes contact management, deal tracking, email integration, and basic reporting. It also provides marketing automation features, allowing you to nurture and engage with your real estate leads effectively. Website: Agile CR
10. Property Research Tools:
Access online real estate platforms like Zillow, Realtor.com, or Redfin to research property values, recent sales data, comparable listings, and other market information that can assist you in evaluating potential deals.
Remember, the specific tools you use may depend on your preferences, budget, and the level of sophistication you desire in your driving for dollars efforts. It’s important to select tools that suit your needs and help you stay organized, efficient, and effective in identifying potential investment properties.
Step 3: Drive Through the Neighborhoods
Now it’s time to get behind the wheel and start driving. Roll down your windows and turn up your favorite tunes because this is the fun part. Drive slowly through the neighborhood and keep your eyes peeled for any signs of distress. Don’t be afraid to turn down a dead-end street or take a detour. You never know what you might find.
Don’t delay, once you have your equipment ready and your target neighborhoods mapped out, it’s time to hit the road. Drive slowly through the neighborhoods, keeping an eye out for distressed properties. Look for signs of neglect such as overgrown lawns, boarded-up windows, or piled-up mailboxes. Take note of the address, and snap a picture of the property using your smartphone or tablet.
Criteria for Selecting Properties
Not all distressed properties are created equal. To maximize your return on investment, you need to be selective about the properties you target. Here are some criteria to consider:
- Equity: Look for properties that have a significant amount of equity, which means the property is worth more than the mortgage owed on it. These properties are more likely to be sold quickly and at a good price. As we say, “Equity is the name of the game.”
- Condition: Focus on properties that need some TLC but aren’t a total dump. A little paint and elbow grease can go a long way. Remember, “A fixer-upper is like a diamond in the rough, with a little polishing it can shine bright like a diamond!”
- Location: Location, location, location! Look for properties in up-and-coming neighborhoods, with good schools and amenities. As we say, “Location is everything – it’s the real estate equivalent of ‘You are what you eat’.”
Once you have a general idea of the types of properties you’re looking for, it’s time to start researching neighborhoods. Here are some tips:
- Online Resources: Use online resources like Zillow, Redfin, and Trulia to research properties and neighborhoods. But be careful not to rely solely on online resources, as they can be outdated or inaccurate. “Trust, but verify.”
- Local Knowledge BUILD ROOTS: Talk to locals and drive around the neighborhoods you’re interested in. Check out local restaurants, coffee shops, and stores. “If you’re driving around and find a Starbucks, you’re probably in the wrong neighborhood!”
- Property Value Trends: Look at the property value trends in the neighborhood over the past few years. If property values are increasing, it’s a good sign that the neighborhood is on the up-and-up. “If you’re driving around and see a lot of new construction, you’re probably in a good spot.”
Remember the main THREE kinds of construction – residential, commerical and government.
Be on the lookout for all three.
Finding Distressed Properties
Once you’ve identified a neighborhood or two, it’s time to start looking for distressed properties. Here are some ways to do that:
- Drive Around: The most obvious way to identify distressed properties is by driving around. Look for properties with overgrown lawns, boarded-up windows, or other signs of neglect. “If the property looks like it belongs in a horror movie, it’s probably distressed.”
- Public Records: Check public records for properties with delinquent taxes or liens. These properties are more likely to be distressed. “If the property owes more in taxes than you do in student loans, it’s probably distressed.”
- Networking: Talk to real estate agents, contractors, and other professionals in the industry. They may have insider knowledge of distressed properties that aren’t yet on the market. “Networking is key – you never know who may have the inside scoop on a great deal.”
What to look for in public records?
As you explore public records, keep an eye out for certain indicators that suggest a property may be distressed and suitable for wholesaling. Here are some key things to look for:
Delinquent Taxes: Properties with unpaid taxes or tax liens can indicate financial distress and potential wholesaling opportunities.
Foreclosure Notices: Properties in the pre-foreclosure stage or facing foreclosure may be available for wholesaling before they hit the open market.
Bankruptcy Filings: Properties involved in bankruptcy cases could be up for sale, presenting wholesale possibilities.
Probate Records: Inherited properties may be targeted for quick sales, making them potential candidates for wholesaling.
Code Violations: Properties with outstanding code violations or maintenance issues may be in need of a quick sale, offering wholesaling prospects.
Absentee Owners: Properties owned by absentee landlords who live far away might be more likely to consider wholesale offers.
Here are some other signs of distressed property to look for when you are driving for dollars.
50 Signs of a Distressed Property and a Motivated Seller:
1. Overgrown or dead lawn
2. Broken or boarded-up windows
3. Peeling paint or graffiti on the exterior of the property
4. Missing roof shingles or other structural damage
5. Unsecured doors or windows
6. Accumulation of mail or newspapers on the property
7. Visible damage to the foundation or chimney
8. Debris or trash in the yard or on the porch
9. Incomplete or abandoned construction projects
10. Lack of landscaping or dead trees and shrubs
11. Excessive clutter or hoarding on the property
12. Unusual odors emanating from the property
13. Broken or missing gutters and downspouts
14. Missing or damaged fencing or gates
15. Unusual or unkempt exterior décor
16. Unkempt or overgrown landscaping
17. Abandoned or unused vehicles on the property
18. Burnt-out or damaged exterior lighting fixtures
19. Water damage or leaks on the exterior of the property
20. Vandalism or graffiti on neighboring properties
21. Structural damage to the garage or shed
22. Unmaintained or damaged swimming pool
23. Broken or missing window screens
24. Non-functioning or outdated HVAC system
25. Signs of pest infestation
26. Plumbing leaks or damage
27. Water stains on the walls or ceilings
28. Cracked or uneven flooring or tiles
29. Outdated or damaged electrical systems
30. Old or worn-out appliances or fixtures
31. Outdated or damaged roofing materials
32. Peeling or damaged wallpaper or paint on the interior walls
33. Mold or mildew in the bathroom or kitchen
34. Damaged or missing baseboards or crown molding
35. Outdated or damaged kitchen cabinetry
36. Broken or missing tiles in the bathroom or kitchen
37. Damaged or missing light fixtures
38. Non-functional or outdated security system
39. Outdated or damaged plumbing fixtures
40. Outdated or damaged electrical outlets
41. Damaged or outdated flooring materials
42. Unkempt or outdated landscaping
43. Non-functional or outdated appliances
44. Lack of storage space or organization
45. Dated or unattractive interior décor
46. Structural damage to the walls or ceiling
47. Evidence of water damage or leaks in the basement
48. Signs of foundation issues, such as cracks or uneven floors
49. Outdated or damaged bathroom fixtures
50. Damaged or outdated doors and windows.
Step 4: Research the Property and Owner
After you’ve found a property that looks promising, it’s time to do some research. Use online public records or paid services to find the property owner’s contact information. You can also use Google Maps to get a street view of the property and confirm that it’s worth pursuing.
Make sure the deal fits your criteria and KNOW your price/terms ahead of time. This will help you help the homeowner in the best way because even if you don’t buy the property you can help them in another way.
Step 5: Contact the Owner
Once you’ve found the property owner’s information, it’s time to make contact. Be polite and professional and let them know that you’re interested in purchasing their property. You might get some hang-ups, but don’t take it personally. You’re a savvy investor, and they’re just not ready for your level of awesomeness.
Here is An Example of the Best Driving for Dollars Sellers Script:
“Hi, I’m Jack and I buy houses and provide affordable housing here in (NEIGHBORHOOD) here and I noticed your property while I was driving through the neighborhood and I wanted to reach out to see if you might want to sell it now or any time in the next year. I’m always looking to help homeowners and renters her if I can so I would love to hear more about your property and your situation and see how I can help.
Can you tell me a bit more about your property? What kind of condition is it in on the inside? How long have you owned it? Is it currently occupied? Do you have any plans to sell in the near future? I’m happy to answer any questions you might have about the process and we can work together to find a solution that works for you.
If you want to sell right now or 10 years from now, I’d love to see how I can help. Maybe I can schedule a time to come take a look at the property and make you a fair cash offer, if you would like. Even if you don’t want to sell right now it might be nice to have a cash offer in your hands. Either way I’d love to keep in touch and see if there might be an opportunity for me to help you in the future.”
Remember to always be respectful and professional when reaching out to property owners, and to listen carefully to their needs and concerns. Building rapport and establishing trust is key to building a successful real estate investing business through driving for dollars.
Step 5: Get to A WIN-WIN Offer
After you have talked to them and you understand their situation it is time to get an offer that makes sense for them and you. So it is to make (or get THEM to make) an offer. Most people HATE negotiating and that can be bypassed with the right framing, positioning and dialog. Remember, there are plenty of other properties out there waiting for you to find them.
Six Different Offers You Can Make Sellers When While driving for dollars:
Remember that these are usually going to be properties that need a lot of repair work so you want to have constructions teams in place. You also want to have your investors, hard money people, renters, etc. all lined up as well.
This will make it easier to see which of these offers to make:
- You can make them a cash offer.
- You can buy the house on terms.
- You can help them repair the house.
- You can help them manage the house.
- You can list the house for sale as a realtor.
6. You can be hired as their real estate consultant.
7. You can find some other way to help them and make money.
For a FREE list of all the contracts that you’ll ever need for your real esate business check out our Contracts Page:
Nine Ways to Make Money Driving for Dollars:
1. Do the deal yourself and flip it = $20,000+
2. Wholesale the deal to an cash buyer = $5,000+
3. Do the deal yourelf and buy and hold = $50,000+
4. Subcontract and hire a contractor to rehab = $1,500
5. Sell the lead to a general contractor/rehabber = $500.
6. Get paid a referral free from an agent/broker = $1,500+
7. Sell the lead to a property management company = $1,500.
8. Sell the qualified and screened lead to an investor = $1,000.
9. Sell the qualified and screened lead to agent/broker = $500+.
Benefits of Driving for Dollars
Driving for dollars offers several benefits for real estate investors. One of the most significant benefits is the ability to find potential investment properties that are not on the market. This can give investors a competitive edge by allowing them to negotiate directly with the property owner and potentially secure a deal before the property is listed on the market.
Another benefit of driving for dollars is the potential for finding undervalued properties. Distressed properties are often sold at a lower price than their market value, which can result in a significant return on investment for the investor.
Additionally, driving for dollars allows investors to focus on specific neighborhoods or areas that align with their investment strategy. This can help investors to build a portfolio of properties in a targeted location, which can provide long-term benefits such as increased rental income and appreciation.
In conclusion, driving for dollars is a valuable strategy for real estate investors looking to find potential investment properties. By identifying distressed properties and contacting property owners directly, investors can potentially secure deals before the properties are listed on the market and find undervalued properties that offer a significant return on investment.
Do I Need a Real Estate License to Go Driving for Dollars?
No, you do not need a real estate license to drive for dollars. Driving for dollars involves searching for distressed or potentially investment worthy properties by physically driving through neighborhoods and identifying properties that appear vacant, abandoned, or in need of repairs. Remember this is a strategy used by real estate investors to find off-market deals, not realtors to find listings. Not usually at least.
While driving for dollars does not require a real estate license, it’s important to note that conducting real estate transactions, representing buyers or sellers, or providing real estate services typically requires a license. So you are NOT allowed to represent anybody other than yourself. Just driving around and identifying properties does not fall within the scope of representing anybody else or anything that would reqire a real estate license.
If you plan to engage in real estate transactions or offer real estate services beyond identifying potential properties, it’s essential to familiarize yourself with the licensing requirements in your jurisdiction and comply with the applicable laws and regulations. Talk to a local realtor, investors and/or attorneys to get solid guidance on this. Consulting with a real estate attorney or contacting your local real estate licensing authority can provide you with specific guidance based on your location.
Here are some of the best software options for driving for dollars and how much they cost:
1. DealMachine – https://dealmachine.com/pricing/
DealMachine is a popular driving for dollars app that allows users to easily identify potential investment properties while driving through neighborhoods. The app uses your phone’s GPS to track your location and identify properties that meet your investment criteria. You can then contact the property owners directly through the app, send postcards, and track your leads. DealMachine offers a range of pricing plans, starting at $49/month.
2. Propstream – https://www.propstream.com/
Propstream is a real estate software platform that offers a range of features for investors, including driving for dollars. The platform allows users to search for properties based on a range of criteria, such as location, property type, and more. You can also create custom lists, track your leads, and access a range of market data and analytics. Propstream offers a range of pricing plans, starting at $97/month.
3. BatchDriven – https://batchdriven.com/pricing/
BatchDriven is a comprehensive driving for dollars software platform that offers a range of features to help investors identify potential investment properties. The platform allows users to search for properties, skip trace property owners, and send direct mail campaigns. You can also access a range of market data and analytics to help inform your investment decisions. BatchDriven offers a range of pricing plans, starting at $99/month.
4. REIPro – https://www.reipro.com/pricing
REIPro is a real estate software platform that offers a range of features for investors, including driving for dollars. The platform allows users to search for properties based on a range of criteria, skip trace property owners, and send direct mail campaigns. You can also access a range of market data and analytics to help inform your investment decisions. REIPro offers a range of pricing plans, starting at $97/month.
5. PinPoint Profits – https://pinpointprofits.com/pricing/
PinPoint Profits is a driving for dollars software platform that allows users to easily identify potential investment properties while driving through neighborhoods. The platform allows you to search for properties based on a range of criteria, such as location, property type, and more. You can also send direct mail campaigns and track your leads. PinPoint Profits offers a range of pricing plans, starting at $99/month.
It’s important to research each software option and compare pricing and features to determine which one best fits your needs and budget.
REMEMBER: You do NOT need to use any software do deals.
Those are just options.
Now with all that said how can you evaluate a deal and estimate repair work?
Evaluating Potential Deals: How to Estimate Repair Costs and Determine if a Property is Worth Your Time
Driving for dollars is a great way to find potential deals. But once you’ve found a property, how do you know if it’s worth your time and money? Evaluating potential deals is a crucial step in the real estate investing process, and it’s important to know what to look for. In this section we’ll discuss how to evaluate potential deals and determine if a property is worth pursuing.
Understanding Property Values
One of the first things you should do when evaluating a potential deal is to research the property values in the area. This will give you a good idea of what the property is worth and whether or not it’s a good investment. There are a few different ways to research property values, including:
- Using online tools like Zillow or Redfin to find recent sales and estimates and talk to INVESTORS
- Working with a real estate agent who can provide a Comparative Market Analysis (CMA)
- Checking public records for recent sales in the area
First things first, you need to have a good understanding of property values in the area where you’re looking to invest. This means doing your research and figuring out what comparable properties are selling for, also called “comping” a property.
But let’s be real, figuring out property values can be a bit like playing a game of Pin the Tail on the Donkey. Sure, you might have some idea of where you’re going, but you’re also blindfolded and spinning in circles.
The good news is that there are tools and resources out there to help you make more informed decisions. Websites like Zillow and Redfin can give you an idea of what similar properties are selling for, and you can also reach out to local real estate agents for their insights.
YOU MUST LEARN YOUR MARKET.
Talk to investors, realtors, property managers, etc. but in the end YOU and your team need to know the market inside and out. This way you quickly determine property values. Once you have an idea of what the property is worth, you can move on to estimating repair costs.
Estimating Repair Costs
Before you make an offer on a property, it’s important to estimate the repair costs. This will give you an idea of how much money you’ll need to invest in the property to make it marketable. Here are a few tips for estimating repair costs:
- Get multiple quotes from contractors to ensure accuracy
- Focus on the major repairs first, such as roof, foundation, and HVAC
- Add an extra buffer to your estimate for unexpected expenses and for safety
Once you have a handle on property values, it’s time to start thinking about repair costs. And let’s be honest, this is where things can get a little dicey. Sure, that cracked foundation might not look like a big deal at first glance, but once you start digging into the repair costs, you might start feeling like you’re in over your head.
But fear not, there are ways to estimate repair costs without having to hire a team of contractors. Websites like HomeAdvisor and Thumbtack can give you a sense of what certain repairs might cost, and you can also reach out to local contractors for estimates.
Free Websites to Estimate House Rehab and Repair Costs.
1. HomeAdvisor’s True Cost Guide: HomeAdvisor’s True Cost Guide provides a comprehensive resource for estimating home remodeling and repair costs. It offers a range of calculators and cost guides for various projects, allowing you to get a general idea of the potential rehab costs. Website: https://www.homeadvisor.com/cost
2. Remodeling Calculator: Remodeling Calculator offers a free online tool that helps estimate the cost of remodeling projects. It covers a wide range of renovation categories, allowing you to input project details and receive a cost estimate based on your location and specific requirements. Website: https://www.remodelingcalculator.org
3. Rehab Estimator by BiggerPockets: The Rehab Estimator by BiggerPockets is a free tool designed specifically for real estate investors. It helps estimate rehab costs by allowing you to input property details and select specific renovation items. The tool provides an itemized breakdown of costs, helping you create accurate rehab budgets. Website: https://www.biggerpockets.com/rehab-estimator
4. Craftsman Book Company’s Cost Estimating Tools: Craftsman Book Company offers free cost estimating tools for various construction and remodeling projects. Their tools provide cost data based on your location, allowing you to estimate rehab costs with accuracy. Website: https://www.craftsman-book.com/estimator
5. Homewyse: Homewyse provides free online cost calculators for a wide range of home improvement projects. Their calculators take into account project size, location, materials, and labor costs to provide an estimated cost breakdown. Website: https://www.homewyse.com
These websites offer valuable resources for estimating rehab costs, but it’s important to note that actual costs can vary based on factors such as the property’s condition, location, materials used, and labor rates in your area. Consider using these tools as a starting point and consult with local contractors or professionals for more accurate and specific cost estimates.
Once you have a good estimate of the repair costs, you can move on to calculating potential profits.
Calculating Potential Profits When Driving for Dollars:
The ultimate goal of real estate investing is to make a profit, so it’s important to calculate your potential profits before making an offer on a property. Here are a few things to consider when calculating potential profits:
- After Repair Value (ARV): This is the estimated value of the property after repairs have been made. You can find this number by researching the property values in the area and subtracting the estimated repair costs.
- Holding Costs: These are the costs associated with holding onto the property while repairs are being made. This includes things like property taxes, utilities, and insurance.
- Profit Margin: You should aim for a profit margin of at least 10-20% to make the deal worth your time and money.
By understanding property values, estimating repair costs, and calculating potential profits, you’ll be able to evaluate potential deals and determine if a property is worth pursuing.
Real estate holding costs refer to the expenses associated with owning and maintaining a property over a period of time. These costs can vary depending on factors such as location, property type, and individual circumstances.
Here is a list of common real estate holding costs:
You should know the common holding costs because it will help you when working with investors and make sure that they take into account all their costs. This information will make you look like a HERO and when you bring it up FIRST it helps to build credibility, authority and trust.
1. Mortgage Payments: If you have a mortgage on the property, you’ll need to make monthly mortgage payments, including principal and interest.
2. Property Taxes: Property taxes are levied by local governments and can vary based on the assessed value of the property. They are typically paid annually or semi-annually.
3. Insurance: Property insurance is essential to protect your investment against potential damage or liability. The cost of insurance can vary depending on factors such as property type, location, and coverage options.
4. Maintenance and Repairs: Properties require ongoing maintenance and occasional repairs. This includes tasks such as landscaping, cleaning, painting, and fixing broken appliances or structural issues.
5. Utilities: As the property owner, you are responsible for paying utility bills, including water, electricity, gas, and possibly garbage collection fees. These costs can fluctuate depending on usage and local rates.
6. Homeowners Association (HOA) Fees: If the property is part of a homeowners association, you may have to pay monthly or annual HOA fees. These fees contribute to shared expenses such as community maintenance, amenities, and common area upkeep.
7. Vacancy Costs: If you are unable to find tenants or the property is temporarily unoccupied, you may experience vacancy costs. During this time, you’ll need to cover the mortgage, taxes, and other ongoing expenses without rental income.
8. Property Management Fees: If you hire a property management company to handle tenant-related matters, you’ll incur management fees. These fees can vary based on the company’s services and the rental income generated.
9. Legal and Accounting Fees: Occasionally, you may need to consult legal or accounting professionals for advice or assistance regarding your real estate investment. Their services come with associated costs.
10. Other Miscellaneous Costs: There may be additional expenses to consider, such as advertising and marketing costs to attract tenants, property inspection fees, and licensing fees for certain types of properties.
It’s important to note that the specific holding costs will vary from property to property, and it’s crucial to factor in these expenses when calculating the potential return on your investment. Proper budgeting and financial planning can help you manage these costs effectively and maximize your investment’s profitability.
Now that you have a sense of property values and repair costs, you’ll be better at figuring out if the deal makes sense financially. This means knowing what the profits are going to look like. But let’s be real, calculating potential profits can be a bit like trying to solve a Rubik’s Cube. Sure, you might have all the pieces in front of you, but getting them to line up just right can be a real challenge.
The good news is that there are tools and resources out there to help you make sense of the numbers. Real estate investment calculators can help you estimate your potential profits and ROI, and you can also reach out to local real estate investors anbd other professionals for their insights.
Here are some final tips on closing the deal…
Tips On Closing Deals When Driving for Dollars
Congratulations, you’ve found a potential investment property through your driving for dollars efforts and have gone through the process of evaluating the deal. Now it’s time to close the deal and make it happen! But how do you do that? Let’s dive into some tips, pitfalls to avoid, and closing strategies.
1. Have Your Team Ready to Go
Whether you are buying the property yourself or assigning it to an investor or buyer you want to have YOUR team ready to rock before the ink is dry. You want to have the title companies, closing agents, realtors, attorneys, construction crews, lenders, bankers, appraisers, etc. ALL ready to go.
2. Know Your Exit and Plan B
It is only a matter of time before “everything goes wrong” on a deal and in those moments you need to have an extraordinary reaction in order to maintain control over the outcome. So no matter what you should be marketing for buyers, construction work, short term rentals, etc. and turn those leads into cash so if nothing else you have a cash cow.
3. Be Willing to Walk Away
In any interaction the person MOST willing to walk away, the one least committed and with the weaker deadline time commitment – is ALWAYS in control and with the power. The fastest way to gain the upper hand in situations like this is to be able to walk away and know you have plenty of other deals waiting for you.
4. Keep Communications UP
Nobody should EVER be calling you for an update, it should always be the opposite. People should be struggling to keep up with you not the other way around. The BIGGEST mistake investors make that gets them into trouble is what they said (or didn’t say) to the sellers.
5. Focus On GIVING and SMILING
The secret to life is in what you give. To apply this to the closing process it is best to constantly look for, ask for and FIND ways to help. This may mean finding movers, lanscapers or even a therapist to help the sellers/investors close these deals and ENJOY the process so they’re SMILING.
Remember, closing is a skill that can be learned and improved over time, so don’t be afraid to practice and learn from your experiences. Once you get this down you’ll be everybody’s best friend and you’ll get more and more business.
Pitfalls to Avoid
Closing a deal can be a complicated process, and there are several common pitfalls that can trip up even experienced investors. Here are some pitfalls to avoid when closing a deal:
1. Overpaying or Ignoring Expenses
Overpaying for a property can seriously eat into your potential profits, and it’s a common mistake made by inexperienced investors. It’s important to do your due diligence and research comparable properties in the area to determine a fair price. Know the prices, costs of financing, holding costs, etc.
2. Ignoring Repairs or Inspections
Ignoring necessary repairs can lead to unexpected expenses and a lower return on investment. It’s important to have a thorough inspection done before closing the deal to identify any necessary repairs and include them in your budget. Always do inspections.
3. Rushing the Process
Rushing the closing process can lead to costly mistakes, missed details, and ultimately, a bad deal. It’s important to take the time to thoroughly review all the documents and contracts before signing on the dotted line.
4. Ignoring Legalities
Ignoring legalities can be a costly mistake. It’s important to consult with a real estate attorney to ensure that all the necessary legal documents are in order and to avoid any potential legal issues down the road.
By avoiding these common pitfalls, you can ensure a smooth and successful closing process. And remember, there’s always a learning curve in real estate investing, so don’t be too hard on yourself if you make a mistake. Just take it as a lesson learned and keep pushing forward.
The Best Attitude to Have When Driving for Dollars
Closing a deal can be the most exciting and nerve-wracking part of real estate investing. To make sure you come out on top, consider these proven closing strategies:
1. Be a problem solver, not a problem maker
Successful negotiations often involve finding creative solutions to problems that both parties can agree on. Instead of focusing on what you can’t agree on, concentrate on how you can solve any issues that might arise. Brainstorming solutions can lead to a win-win situation and close the deal faster.
2. Show a little love
A little kindness can go a long way in real estate. By showing that you value and appreciate the other party, you can build a rapport and create a positive negotiating environment. When people feel respected and valued, they are more likely to compromise and come to a mutually beneficial agreement.
Closing a deal can be a cause for celebration. After all, you’ve put in a lot of hard work to get to this point. So why not treat yourself and your team to a nice dinner or a day off? Celebrating your success can be a great motivator for future deals and help you recharge for the next challenge.
Now here’s a question we get a lot about driving for dollars:
Can you drive for dollars virtually without leaving your house?
Virtual driving for dollars allows you to identify potential investment properties without physically visiting the neighborhoods. Here’s a guide on how to virtually drive for dollars:
Preparation Step One: Build Your Network.
You need to build your network of investors, wholesalers and cash buyers ahead of time. You need to know which neighborhoods are the best for landlords, flippers, wholesalers, etc. and the best way to know this is by TALKING to people and building your network.
Preparation Step Two: Get Your Scouts and Bird Dogs.
Any information you find online will be older than what is happening right now so the best way to drive for dollars virtually is to use it as PART of your deal finding strategy. The other part will include boots on the ground, title searches, etc.
Preparation Step Three: Have Your Closing Team Ready!
You want to be able to write serious offers and close quickly, so you’ll need title companies, attorneys, lenders, hard money people, realtors and others on your team so even if you don’t close the deals yourself you can guide your investor to fast and smooth closings.
Now with all that done:
How to Drive For Dollars Virtually Without Getting in a Car or Even Leaving Your House?
Wouldn’t it be cool if you could go driving for dollars without leaving your house? Here are the basic steps to take so that you can do ALL of this without leaving your house. This is how to drive for dollars virtually from anywhere in the world.
1. Online Research
Utilize online resources like real estate websites, mapping applications, and property databases to research neighborhoods and properties. Websites such as Zillow, Realtor.com, or Redfin provide property listings, photos, and other relevant details.
2. Street View:
Take advantage of online mapping applications like Google Maps, Bing Maps, or MapQuest, which offer street view features. Use street view to virtually explore neighborhoods, visually value properties, and look for signs of distress or potential investment opportunities.
3. Property Data:
Access property data sources or real estate databases that provide information on property values, tax assessments, ownership history, and recent sales. Websites like the county assessor’s office, PropertyShark, or MLS platforms can provide valuable property data.
- County Assessor’s Office: Search for your county’s assessor’s office website, such as “[Your County Name] county assessor’s office website.”
- PropertyShark: PropertyShark
- MLS Platforms: Explore local Multiple Listing Service platforms that provide property listings and data specific to your area, just search “YOUR CITY” MLS.
4. Neighborhood Analysis:
Analyze neighborhood characteristics, such as proximity to amenities, school ratings, crime rates, and market trends. This information helps you assess the potential investment value of properties within the area.
- Walk Score: Walk Score
- GreatSchools: GreatSchools
- Crime Reports: CrimeReports
- Local Market Reports: Look for local market reports from reputable real estate websites or consult with local real estate professionals.
5. Online Networking:
Participate in social media groups, online real estate communities, meet-ups, or forums to meet area wholesalers, agents or investors who may be able to provide information about off-market homes or distressed investment prospects.
6. Direct Communication:
Use online tools like email, phone calls, or messaging applications to get in touch with local real estate agents or property owners directly. If you are interested in prospective off-market properties or troubled circumstances, get in touch with us.
7. Virtual Tours:
A few real estate listings have 3D walkthroughs or virtual tours. Utilize these capabilities to virtually tour a property’s interior and condition.
8. Data analysis:
To assess potential investment prospects remotely, use market data, comparable sales, rental rates, and other indicators. Online resources like Rentometer and Zillow’s Zestimate can provide estimates for property values and rental income.
9. Remote Due Diligence:
Perform in-depth due diligence using online resources, such as public records, tax data, title searches, and inspection reports, to evaluate a property’s feasibility and dangers.
10. Collaboration and Tools:
Work with real estate experts who can help with acquiring information on properties, performing research, and providing insights on certain neighborhoods or markets, such as virtual assistants or local agents.
11. Boots on the Ground
Driving for dollars virtually is the exact same as driving for dollars normally, the only difference is that you won’t be doing some of the in-person work. You will need to build your team that can deal with those details for you. It takes team work to make the dream work.
Some real-life examples of successful driving for dollars deals:
1. The $50,000 Profit Deal
I wanted to prove a point so I just did this in the “way too competive market” of the Fountain Square area in Indianapolis. I had a scout bring me a deal with an owner who wanted way too much for an old duplex. After a few months of follow up (he never got his price) he told me that I was the ONLY person who kept in touch and offered to help him. There was a storage space shortage and I even let him use one our rentals to keep construction supplies.
Eventually we agreed to split the deal, I would pay him $75,000 after converting it to a single family and selling it. The rehab costs were about $50,000 and we sold it for $210,000. Each of us was able to net over $30,000. This was from a bird dog scout but the real secret to the deal was FOLLOW up and finding ways to help.
2. The Multi-Property Package Deal
One of Heroes, Brandon, worked with his lovely mother and started driving for dollars and found several properties in a neighborhood that appeared to be vacant and in disrepair. After doing some research and following the above steps Brandon found that one of the properties was owned by an out-of-state investor who had others properties as well. At first he didn’t want to sell but after a MONTH of Brandon’s Compliance Curve material and DRIP campaign he said he would unload them all at one. All or nothing.
The investor wanted to do a package deal for all of the properties, Brandon was able to get hem for a total of $200,000. After some rehab which was about $100,000 total, they are rented out for just over $6,500 a month. We just made a class about how this is more than a 2% property @$300k cost which is hard to find. The positive cash flow is above $2,500 per month.
3. The Wholesale Flip
Another of Hero of ours is a realtor and was driving for dollars in a low-income area and came across a property that was in foreclosure. The owner had abandoned the property and it was in rough shape, but the realtor saw possible potential. After talking to the bank and negotiating a deal to buy the property for $20,000, he was in business. Or so he thought.
Nobody wanted the deal at first, but that’s because he wasn’t contacting the right people. When he talked to contractors he found a rehabber who loved the deal and paid a $5,000 assignment fee to the realtor who assigned the offer so the rehabber could buy it for $20,000 from the bank. This allowed ouer Hero to make a fast $5,000 without ever owning the property. We’ve covered this and many other real life examples in the hundreds of videos we’ve done on Deal Dissections.
These are just a few examples of successful driving for dollars deals. To do deals “Driving for Dollars” it is important to know your numbers, follow up and build relationships. Each deal required effort, research and market knowledge, but the potential profits can be significant for investors who are willing to put in the work.
Final Tips for Success When Driving for Dollars
Driving for dollars can be a highly effective strategy for finding new investment opportunities, but it can also be time-consuming and challenging. Here are some tips to help you succeed:
- OWN these areas over the LONG TERM: Driving for dollars can take time, so be patient and persistent. It may take several trips to a neighborhood before you find a distressed property. Plan on FARMING for months and even years. Make these areas YOURS.
- Be Observant: Pay attention to your surroundings and look for signs of distress, such as overgrown lawns, boarded-up windows, or piled-up mailboxes. Use our checklist of 50 things to look for.
- Stay Organized: Keep a detailed record of the properties you identify and the owners you contact. This will help you stay organized and follow up on leads. You should about upcoming changes, construction permits, etc.
- Always Be KIND and Helpful: When contacting property owners, be respectful and professional and offer to help in untraditional ways. Maybe they need their lawn mowed, tips on planning a date nigth with their spouse or a math tutor for their kids. These gestures will take you FAR.
- CREATE Deals, DO NOT Just Find Them: You’ll never find enough deals when driving for dollars, you have to master the skill of creating them. You’ll only competition if you are playing like everybody else, so be better. The better you are the less competition you’ll have. Be creative and find ways to stand out from the crowd with you execution, knowledge and caring. Consider offering a higher price, or providing unique solutions to the property owner’s problems.
- VOLUNTEER: Organize canned food drives, building playground, fundraisers, etc. for the communities that you want to have roots in.
- Build Your Army: Make sure to get your bird dogs, realtors, investors – and other real estate professionals on your team and executing with enthusiasm. You should have regular deals and leads coming to you everyday – build your 77s.
- Stay in TOUCH WITH DRIP: You will 2x-3x just about any business just by adding the SAME message but delivered again over time, basic drip marketing can change everything and it is like backing up your computer, reading the user agreements before updating iOS or doing taxes early – NOBODY does it.
- SMILE: Always ask yourself how you can grow your business and enjoy the process as well as having OTHERS enjoy the process, find a way to delight your people and you’ll never go wrong. Warren Buffet said that.
Driving for dollars can be a highly effective strategy for real estate investors looking to find new investment opportunities. By physically driving around neighborhoods and identifying distressed properties, you can potentially secure a deal before the property is listed and have boots on the ground as your eyes and ears.
You can build local communities and revitalize neighborhoods while also making friends and empowering low income residents to improve the financial situation. By following the step-by-step process outlined in this article and using these tips for success, you can increase your chances of finding great investment opportunities and achieving success in real estate investing.
Driving for Dollars Can Be a LOT of Fun.
Driving for dollars is a fun and effective way to find real estate investment properties. With a little determination, consistency and relationship building, you can uncover hidden gems and turn them into profitable investments. So, put on your driving shoes, crank up the tunes, and let’s hit the road. Happy hunting!
Build relationships with local mailmen, dog walkers, and habitual outdoor runners. All of these people are consistently outside driving or walking through various neighborhoods. DO NOT EVER just give your card, get their info and put them on a DRIP campaign. Yes you should also give them your business card, tell them what you do, and offer them a consulting fee for any deals you close on properties that they send you.
Marketing Materials to Find Motivated Sellers When Driving for Dollars.
You can copy and paste these, they are the exact marketing materials I’m using to do deals right now. The first two pages are flyers, the third is the front and the fourth page is the back of the flyer.
In the meantime you can go through the previous Elevators, classes and other FREE training material and use it to grow your impact before you check out. Use our stuff to both create passive income AND buy small businesses zero down, follow the steps, be kind, help others and you’ll…
Make the Universe Smile.
~ Indy Anna and Rachel and Eve
Love (at) BigReia.com
(YES that’s my actual Direct Line and I really do answer lol, so please text me first Thx!)
The answer to ALL problems and challenges – personal, global and universal – is based on LOVE. Here’s the legendary James Baldwin on the power of love…
Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?
There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...
Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?
Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord. Exactly how many Indiana rental properties do you need to make 30 grand a month. Anna can you help me invest in Indianapolis turnkey real estate investment properties?
There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down. What about Micro Flipping? We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.
There’s also another great class on how to buy apartment buildings zero down that you can check out as well. This relates directly to growing income on rental properties. Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell. Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.
Also here is a post on how I did this and I flipped a house off Zillow for 30. Also you can check out the post on five steps to flip a house right off Zillow for 40 grand. You can also check out our other epic post on 57 ways to make money with vacant land.
Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read. Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it. Also you can see how ONE letter is making me $9,000 a month. Also you can check out the post on 101 FREE places to advertise your houses.
Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business. Brilliant stuff. Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder. Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.
Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head. Also there is a great post on how to make five grand a week from putting out signs.
Also we have some great posts on 30 ways to buy real estate with no money down. That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit. I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.
And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers. Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list.
Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.
Also perhaps the most important class Azam has done is on the "Frequency of Thought" and how to use the laws of quantum physics to rewire your brain, attract brilliance like a lightning rod and be the best version of yourself. Check out this epic 3-hour class on Quantum Real Estate.
When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate? Well that's exaclty what I did with our “People Page” here it is:
A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.
Thanks so much! = )
Make the Universe Smile.
~ Indy Anna
Love (at) BigReia.com
(YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)
How to Double Close Legally, Simultaneous and Closing Double Closings for Real Estate Investors and Wholesalers Explained.
How real estate investors can double close deals, wholesaling real estate and double closing.
Real estate investors: take this quiz to see if your business will ever make you $100k/month in passive income.
Real estate investors here’s a 10 question quiz to see if your business will ever make you 100k/month and beyond
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Upgrading home electrical wiring and systems for real estate investors. Most real estate investors ignore the electrical systems of properties and this is a big mistake. A single problem with an electrical system can cost you tens of thousands or more. Many of these...
How to spot bad quality construction work from zillow pictures, find signs of cheap contractor work?
How to look at Zillow pictures and spot bad construction work and other red flags? Every real estate investor needs to know how to screen deals and so the faster you can filter through houses, the more efficient you can be. Looking at pictures on Zillow and other...
How to add a bedroom to your rentals and add over 20k in equity while increasing rent over 500/month
How adding one bedroom increased rent by $500/month and added over 20k in value? Adding a bedroom to a rental property can make a big difference. I made a previous class about this and after a few question came in this is a follow you so you can see exactly how much...
What is the cost of roof repair and roof replacement on your rentals and what is the best and cheapest way get roofing work done? Every real estate investor should know the details about replacing and/or repairing a roof on rental properties. Today you'll see the...
My rental burned down, now what? What happens with fire insurance when your rentals get fire damage?
What to do if your rental property burns down? If a rental property catches fire and burns down there are several things that will happen and every real estate investor needs to know what to do. I hope this situation never happens to you but if it does you need to be...
How to paint your rental houses cheaper. Nearly every rental property that a real estate investor will ever own will need to be painted at some point. That is why it is important that you learn to paint houses in the in the best, cheapest way possible. Today you'll...
How adding a bedroom to your rentals increases the ARV and rental income, watch a real life example?
Add a bedroom to your rentals and you get more rent and higher flip value, here's an example. Adding a bedroom to a house can boost the rental income and resale value but you must be careful to make sure you get the best return. Every real estate investor should look...
Why kitchen renovations are so important when flipping houses and doing BRRRR method on Indy houses?
Why kitchen renovations are so important to real estate investors when flipping houses? Nearly all important decisions of a household are made at the kitchen table. The kitchen is the heart of a home and every successful real estate investor knows that. If you want...
How to replace windows cheaply when flipping houses? Indianapolis real estate investing for beginners
How to replace windows cheap and easy on your rentals - tip for Indiana real estate investors. Window repair and replacement can add up on your rentals. That's why it is important for every real estate investor to know how to replace their windows cheaply and...
Landords: How to avoid busted water pipes in winter and freezing temperatures. A single water pipe bursting can be a nightmare for a real estate investor. That is why it is important every investors understands how to care for pipes and other plumbing details to...
Don't cut corners on electric work when you're flipping houses, here's what to look for. Electric work is very important for real estate investors to understand when you are buying and selling houses. One mistake with electrical systems or wiring can cost you tens of...
How I took my business from zero to over $10 million with a lead generating quiz, leads from quizzes
How to create a predictable source of leads and sales with a lead generation and converting quiz, and taking a business from zero to over $20M? As a real estate investor or business builder your revenue is based on your ability to generate and convert leads...
Beta male Will Smith slapped Chris Rock, here’s what passive real estate investors can learn from it
Chris Rock got slapped by a deadbeat turd, here's what real estate investors can learn from it. Chris Rock is a legend but if you were to look up the word "cuck" you should see a picture of Will Smith. Today Azam will go over the larger ramifications of "The Slap...
How to get insurance for potential sewer and plumbing problems that may come up after purchasing rental properties? Real estate investors know about how dangerous foundation problems can be, but fewer know about the costly problems that sewer and plumbing issues can...
How to add AC and heating to a house with no duct work? How to do cheap HVAC work using mini splits?
Mini Splits: How to add heating and air conditioning to your rental if it doesn't have any vents or ducts? Doing HVAC work can be expensive for any real estate investor. There is a that real estate investors should know about HVAC units and how they differ from Mini...
How to increase square footage on rentals for 10% of the normal cost, converting porches into rooms?
Huge potential value add to rentals by converting porches into extra square footage. A real estate investor needs to know how to add value, the better you are at seeing those opportunities the more money you'll make. Porches provide a unique opportunity to increase...
How to do BRRRR deals when interest rates go up, the market turns and the zombies apocalypse all hell breaks loose... and still WIN BIG. Every smart real estate investor needs to be able to do deals and make good money regardless of what's happening the the market. ...
The Elephant Rope: How to use the power of optimism to grow businesses and create generational wealth as a real estate investor. Could making a single 10 second video make you $25,000 a month every month for the next two years? Optimism can be a powerful weapon and...
Should I paint my rentals with a brush by hand or with a paint sprayer? Every real estate investor and landlord will have to deal with painting their rentals. In recent years many painters use a paint sprayer instead of using a roll and doing it by hand. A sprayer...
Five questions about investing in Indianapolis real estate: how to start with $20,000. I asked a group of female real estate investors what their biggest questions were about getting into Indiana real estate and these are the top five questions. Included we'll talk...
Indianapolis real estate wholesaling scams – how to avoid being ripped off by Indy wholesaling turds
Indianapolis real estate wholesaler scams are on the rise - here's how to avoid being a victim and find GOOD Indy people to work with. Indianapolis real estate wholesalers have a (well deserved) bad reputation so today we will talk about you can avoid being scammed. ...
The Philosophy of Cognitive Behavioural Therapy: Stoic Philosophy – book review and investor lessons
Book review of Stoic Philosophy As Rational Cognitive Psychotherapy. Here's another book review for real estate investors and business builders, today we'll talk about how stoicism can be used as and/or with cognitive behavioral therapy. This is right up our alley...
Investing in Indianapolis Turnkey Rentals, Remotely from Out of State... getting on our waiting list. We have been helping real estate investors from out of state create passive income with Indiana real estate. We accepted investor applications and helped our Heroes...
Here are the documents that you need for your bank to refinance your house or rental. Every real estate investor needs to understand how to refinance a property, so here is a list of items that your bank will require in order to refinance a home. Even if you pay all...
How do interest rates effect real estate investors - both flippers and buy-and-hold people - and how you can stay ahead of the pack? Every real estate investor needs to know about interest rates. The rates will effect your ARV, your offers, your refinance ability,...
How to hand drywall, for both landlords and homeowners. Hanging drywall is probably the most common repair done in a home. Today I'll answer a few questions about drywall and how to hang (install) it correctly. This applies for both real estate investors and normal...
How to pay off your rental properties in less than a year - from using signs and flyers? The secret to passive income in real estate is to own real estate free and clear with no mortgage. Today we will talk about 10 ways to pay off your rental property mortgages in...
Book review of “Meditations” by Marcus Aurelius, Azam goes over the best lessons for real investors.
Book review of "Meditations" by Marcus Aurelius and lessons for real estate invest business builders. Here's another series in our book reviews for real estate investors, today we'll go Meditations and take the best ideas Marcus Aurelius had to share. Being stoic...
The most expensive repairs to look out for when rehabbing houses, costliest fixes in house flipping.
The most expensive home repairs to look out for when you're flipping houses. As a real estate investor a lot of your success is going to depend on how well you can estimate repairs accurately. Today we'll cover the most expensive repairs to look out for when you're...
How to protect your rental property from water damage with drylok. To be a good landlord or property manager you need to be able to prevent water damage and do repairs quickly. Drylok is a waterproofing product that a lot of people use and today you'll learn all the...
How to read closing documents, what real estate investors should understand about closing paperwork.
How to read closing documents, what real estate investors should know about closing paperwork. It is important for real estate investors understand "Closing documents" and all the paperwork that is involved in closing a real estate transaction. Today we'll go over...
“My hard money loans aren’t closing and now my realtor won’t with me anymore” how to close HML loans
How to make sure your deals close when you're using a hard money lender. Real estate investors are required to disclose that they are using hard money loans to purchase a property, and that can often turn off a realtor or seller. It just isn't the same as saying...
How to get unlimited loans for rental properties with no income verification? Debt service coverage ration loans explained. As a real estate investor you MUST be aware of DSCR or debt service coverage ratio loans. A DSCR loan allows you to buy rental properties with...
How long after purchase can I refinance an investment property with the BRRRR method? Real estate investors using the BRRRR method will rely on refinancing to pull out cash, pay off their hard money loans and/or lower their monthly payment with a better long term...
What is a vapor barrier, why do I need one and how I install a vapor or moisture barrier in rentals?
How I install vapor barrier moisture barriers in my rentals? When do I know that I need one? When buying rentals and rehabbing properties you need to limit moisture damage as much as possible. You're about to see me use a vapor barrier on a duplex deal that had...
Do I need to hire licensed contractors? Is there a real difference? Really? (Yes and here's why) If you are serious about flipping houses or creating a $30,000+/monthly passive income in real estate then you need to understand construction. This skill will save you...
How to flip houses on wooded lots without electric wiring problems? As a real estate investor even a slight mistake or a tiny overlooked item can turn a money making deal into a disaster that costs you a fortune and takes years to recoup. One of those big potential...
How to start a real estate drone photography business from zero and make 10k/month in passive income
Real Estate Investors: How to start a drone photography business that makes you an extra $5,000 - $10,000 a month by using your current footage? Nearly everybody in real estate is using drone photographer in their marketing but few people understand how profitable it...
Discourses of Epictetus book review for real estate estate investors. There are many benefits a real estate investor can enjoy by studying stoicism. Most investors fail miserably and as financial blogger Jeff Rose explains his real estate failures, the stress and...
Real life 29k+ Indy real estate flip, just put this on the market, watch what happens flipping live?
Here's a $29,000+ Indy Real Estate Flip: This house just went live watch what happens and how well it sells. The most important parts of flipping real estate and real estate investing in general is the average "DOM" or days on market. The micro flipping giant...
How do I read and use a Scope of Work when flipping houses, working with hard money and contractors?
How to read and use a Scope of Work, or SOW, from a general contractor to rehab and flip houses. As a real estate investor you must understand how to rehab houses. Here's a story of newbie investor who built a 6-figure portfolio and she talked about the need to learn...
“I just closed my first real estate flip and made over $30,000 THANK YOU ANNA!” Real life flip deal?
Hero closes his first flip and walks away from closing with over $30,000 in cold, hard cash? Doing your first real estate flip is exciting. According to this author at Bigger Pockets the failure rate of real estate investors is over 95%. Today you'll see how working...
Real estate investors: How to secure your rehab deals to prevent theft while you repair the property
How to prevent theft, burglaries and stolen appliances while you repair your properties for flipping or renting. As a real estate investor you will be flipping houses to a buyer or a renter, in either case you need to know how to secure your properties. It is...
Real life 30k real estate flip in Indy, just listed – how to deal with an ethical hard money lender.
30k Indianapolis Real Estate Flip: How to deal with hard money lender who is a complete turd? The last phase of a real estate flips is putting the house on the market. If you did it correctly then this will be smooth process and the market will dictate the average...
20k Indy turnkey real estate deal, how to replace power box in under 48 hours after power is stolen?
Previous tenant was stealing electricity and power, how do you deal with with utility company? This is a 20k+ Indy real estate deal and this week we'll go over how we dealt with getting a brand new power box and account set up. Sometimes working with utilities can...
Rented this house in under 24 hours, $1,200 payment and $1,600/month rent and leave closing with 12k
Left Closing With $12,000 and Rented in Less Than 24 Hours? Indy BRRRR deal from start to finish. This is the ninth and final Deal Dissection Series Episode for Brenda. We just helped our Hero complete the refinance, pull his cash (and then 12k more) out and have...
Here's a real life refinance part of the "BRRRR" Method, investor leaves closing with 20k more than he put in AND 2k/monthly cash. If you want to do the BRRRR Method or use our Money Recycler process and buy 20 properties for 20k for example, then you must make sure...
Brand new 21k Indy real estate Buy-and-Hold deal and how we're using a tornado room for better rent. As real estate investors who are pursuing passive income, we understand better than most the importance of turning lemons into lemonade to make the most our rental...
Brand new 20k Indy turnkey real estate deal: working with hoarding, squatter tenants before closing?
Brand New 23k Deal: how to deal with hoarders and squatting tenants right before closing? If you do enough real estate deals you will eventually run into inherited tenants and even squatting tenants that the owner may or may not know about. Today we'll go over a...
A BRAND NEW 20k Indy Buy and Hold (BRRRR) Deal: how common names can kill a deal? Being able to see a real life real estate from start to finish is a great way to learn how to be a better real estate investor. This is a brand new Deal Dissection Series on a 20k...
Real Life $20,000 BRRRR Deal: how to rent ALL of your rentals before the first mortgage payment is due. The biggest factor in your long term success as a passive income real estate investor is going to be property management. Today we will go over a recent 20k BRRRR...
How to get FREE motivated seller leads and make an extra 10-30k/month from bad, awful and deal-killing inspection reports? I always get questions about how we find so many deals and motivated seller leads so today we'll go over a FREE source of motivated sellers that...
Seven ways to pay off your rental properties in less than 1-5 years - a MUST know resource for real estate investors who want passive income. One of the TOP questions people always ask me is how we can create equity so fast and pay down the mortgages for our Heroes,...
Indianapolis 27k+ Real Estate Flip: Lesson on solving dehumidifier problems and how to avoid them in the future. As we get this flip (Fredhurst) ready to list on the market there are some good lessons that I've been learning that I hope can help you. I knew about...
What every real estate investor needs to know about local historical societies and how they can ruin your deals. This is the next phase in the 50k+ BRRRR duplex deal, this week you'll see what happened to a local investor who got burned by his local historical...
Indianapolis 30k real estate flip: how to get 15k worth of electric wiring work done for under $1500
30k Indianapolis Real Estate Flip: How to get $15,000 worth of electrical work done for less than $1,500? I learn a lot with every deal we do, and this flip is no different. Today we'll go over some updates on the recent progress on this 30k Indianapolis real estate...
How to find a 7% essential business leased commercial property? Commercial business deals off MLS? Even if you're not a commercial real estate investor, you should understand how to find a property with at least a 7% cap rate from a tenant who is an essential...
30k Indianapolis BRRRR Deal – “$7,000 water damage because tenant didn’t know THIS about well water”
How to educate your tenants about WELL water properties to avoid flood damage. This is an Indianapolis real estate flip, a 30k deal. There was a big problem that happened with the previous owner and their tenants that cost the owner over 7k. This would've been...
Indy 50k BRRRR deal: utility and permit problems cost investor 40k, here’s how to fix those problems
Utility and permit problems cost this real estate investor over $40,000 on a single deal, here's how to avoid that from happening to you. This class is an update on a 50k BRRRR deal. I got an interesting call from an investor who just lost his shirt on a deal because...
How to make 30k/month in passive income with Indy real estate, Azam Meo’s magic calculator revealed?
Passive Income Blueprint: How to make 30 grand a month in passive income with Midwest real estate, without leaving your house... it is just a matter of math. This may be the most requested topic and question I've gotten in the last few months. If you are wondering...
Book reviews and lessons for real estate investors: "Bright Line Eating" review Eating and getting your diet and food intake right is important in order to live the life that you really want. So many of you have asked Azam to review a book like this relating to diet...
30k Indy real estate flip - how we were able to change all the plumbing at nearly zero cost - and why... This is an update on Fredhurst, the 30k Indianapolis real estate flip and how we recently changed all the plumbing as we get it ready for market. This is a great...
Real life 20k BRRRR deal – when urine soaked floors are a health hazard and material delay for weeks
Real Life Indianapolis 20k BRRRR Deal: How to deal with health hazard amounts of urine and being immune shipping delays. Here's another update on Breesha, the 20k BRRRR deal, we are just about ready for it to be rented even though we just closed a few weeks ago. ...
50k Indy BRRRR deal – what to do if the utility company is taking months to get you power or service
Indianapolis real estate investing from out of state: here's an update on the 50k+ BRRRR deal We are a few weeks away from having this duplex done, here is an update on where we are at with the 50k+ BRRRR deal in Indy. We also talk about how to deal with BS delays...
Wholesalers are the red-headed stepchild of real estate - here's how to build a wholesaling real estate business CORRECTLY... (and make 100 grand a month doing it) Whenever somebody says that I'm too hard on wholesalers I know for certain that either they are a...
Book review: “Grit: The power of passion and perseverance” by Angela Duckworth – books for investors
Books reviews and the best lessons for real estate investors: review of "Grit" the power of passion and perseverance. This book is about defining and mathematically measuring one's stick-to-it-iveness and ability to finsih things you start. The author defines this...
Investing in Indianapolis real estate remotely from out of state: A real life 93k+ BRRRR deal, all the details from start to finish. Here's an update on Brandon, the 100k+ BRRRR deal. This week's update is about the new updates and work done as well as how we dealt...
19k Indianapolis BRRRR deal – watch us convert a meth lab into a family game room for 1% Indy house?
Indiana Real Estate Investing for Out of State Investors: Here's a $19,000 real life BRRRR deal, watch us convert a meth lab into a game room. Here's an update on one of our Deal Dissections for the deal named Breesha, the 19k+ BRRRR deal. We are just about finished...
30k BRRRR deal in Indy – when you have to replace and gas and water lines and connect to city water?
Indy real estate estate flip: 30k+ BRRRR deal and what to do with gas and power lines to get them connected to the city? Here's an update on "Brenda" as we finish this 30k+ BRRRR deal, today we'll go over the recent progress as well what I learned about gas and power...
29k real estate flip in Indy, why we always change batteries in the thermostat when rehabbing houses
Indianapolis real estate flip: A 30k deal and how a simple pack of batteries can save you over $15,000 on each rehab. Here's another Deal Dissection Episode, this is for the 30k Indy flip named Fredhurst. Today we'll go over the updates for the week and you'll also...
Indy 27k+ real estate flip – how to rehab a house roof when satellite dish installation created rot?
Here's a 27k+ Indianapolis real estate flip: how to deal with roof "dish damage"? Here's an update on a $27,000+ real estate flip in Indianapolis, this is how out of state investors can create passive income with Indy real estate. In this episode you'll see more...
A brand spanking new 20k BRRRR deal in Indy, here's what to do when you find a crack in the foundation? This is a NEW Deal Dissection Series on Breesha, a $20,000+ BRRRR deal in Indy. People often ask me to post new deals so that every week they can follow along, so...
Leverage for real estate investors: how to turn $10,000 into $100,000 on a SINGLE deal? Today we will go over how a TINY amount of effort can create a MASSIVE result. We'll talk about the physics of a lever and how the math of leverage can be used to grow your real...
Book review of "The Art of Taking Action" and the best lessons for real estate investors. This is a book about taking Japanese philosophies and cultural ideas can help improve your life and business. We'll go over the top ideas and takeaways from the book and...
Update on a $28,000 real estate flip in Indianapolis. By now you should've gone through our classes on how to build equity and create passive income and learned how we collect potential equity and then use FLIPS to create actual equity. If you had an extra 20k here...
Real life 93 grand BRRRR Indy duplex deal, how to invest in Indianapolis remotely for passive income
Update on our 93k+ BRRRR deal with an Indy duplex, this is how to invest remotely in Indianapolis real estate. To build a passive income in real estate you MUST build your equity positions. You can build equity with deals just like this one PLUS you are also building...
A real life 31k real estate flip in Indianapolis, this is how I help out of state investors do deals
$31,000 Indiana real estate flip. Here's an update on the Deal Dissection Series for Faison Episode III. We are in the middle of doing htis flip and you'll see some of the challenges that have come up and how we deal with them. Copy our checklists and you'll be...
Here's a real life $100,000 BRRRR deal with an Indianapolis duplex. This is an update to the Deal Dissection Series: Brandon Episode IV. For the investors who want to know what it is like to invest in Indy rentals and create passive from out of the state, this is a...
Update on the 29k+ Indy real estate flip, watch the progress and see how to flip houses in real life
Indy $29,000+ real estate flip, out of state investors PAY ATTENTION to this. This is an update on the Deal Dissection Series for Faison, the 30k+ flip in Indianapolis. There are a lot of things that come up with a deal like that's why it is so important that we...
Indiananapolis 100k BRRRR deal with a duplex. This is another Deal Dissection video, this time it is an update on Brandon, the 100k BRRRR duplex deal. Here you'll see what happens as we complete the second draw and get closer to renting it and the refinance. ...
Brand new 33k+ Indy real estate flip, this is how to flip houses from out of state with a good team.
Indianapolis $30,000 real estate flip: how to deal with BS closing "costs" and loan fees. So here's a BRAND NEW Deal Dissection Series: The Faison Episodes. Remember every deal that we dissect has a specific purpose and lesson, in this case there are a few things...
A 30k Indy flip, get a behind the scenes look at how to fix and flip houses remotely in Indianapolis
Here's another $30,000 real estate flip in Indianapolis, new update. This is the Deal Dissection Series for the FREDHURST episodes. This is the second update and here's you'll see the progress and how well things are moving along. Remember we ONLY do FLIP deals as a...
Here’s a $29,000+ BRRRR deal in Indianapolis, all the details and how to invest in Indy remotely now
Want to invest in Indiana remotely from out of state? Here's an example of a $29,000 BRRRR deal that can be done without leaving your house. Here's another BigReia.com Deal Dissection Episode, here's you'll see the sage that "Brenda" has become lol. These deals are...
Real life 40k BRRRR deal in Indianapolis, purchased for 100k + 40k rehab and value of 215k: 1% house
Behind the scenes look at a $40,000+ BRRRR deal in Indy, here's how to invest remotely in Indianapolis. Here's another Deal Dissection Series, in this episode you'll get an update on a killer BRRRR deal. This is how we use the "Money Recycler" to re-use the same...
Update on the 35k+ BRRRR deal in Indianapolis, total cost 140k after repair value 215k, watch it all
Here's an update on one our $35,000+ BRRRR deals in Indianapolis. Here's another Deal Dissection Series, this is an update on the "Brenda" Episode Five. We've had some challenges with this deal and you'll see how we get through it every week and absorb the issues...
Here's a 30 grand real estate flip in Indy, we just put this on the market - see what happens and how well it sells. This a real estate FLIP in Indianapolis named "Fred" that we just listed and put on the market. This is the latest in our Deal Dissection Series and...
How many Indy rental houses do you need to buy to make $30,000 a month in passive income? (The math)
Here's all the math you need to know as a real estate investor to make $30,000 a month in passive income from rental houses. Exactly how many rental properties do you need to make a passive income of $30,000 a month? Here's all the math and how any out of state...
Book review of “An Iron Will” by Dr. Orison Swett Marden, books real estate investors and businesses
Book review of "An Iron Will" by Orison Swett Marden (founder of Success magazine) and the top lessons for real estate investors Here's a book review of "An Iron Will" and we'll go over the top lessons for real estate investors and business owners and how you can...
I bought a house for 275k and it rents for over $5,000 a month? Real life Indy real estate deal 2021
How to buy a house for 275k and rent it out for $5,000+ a month? (Short Term Rentals) This is a Deal Dissection video on a new deal we just closed and it is a Buy and Hold but it is a bit different than most because it will be more than a "2% House" and the price is...
A real life $50,000 BRRRR deal with an Indianapolis duplex, this is how to remotely invest in Indiana from out of state and create passive income. This Deal Dissection Episode is a beautiful update on the duplex deal name "Brooklyn", we are now fully rented and...
Why we NEVER skip inspections, what real estate investors should look for in the inspection reports.
Why you should NEVER skip real estate inspections and how (and why) every investor needs to be an amateur inspector. Recently somebody asked me why it is so important that we do the inspection before buying our houses. No matter how experienced you are there is NO...
Book review of “The Marshmallow Test” by Walter Mischel, books for real estate investors and lessons
Book review of "The Marshmallow Test", books for real estate investors. Azam Meo - rhymes with KO - reviews The Marshmallow Test and outlines the takeaways for real estate investors business builders. This is about how "gratification delay" in one area of your life...
Here's how to use the SAME $50,000 and buy 20+ Indianapolis rentals with "Money Recycler" - the BRRRR Method explained. Here's a simple process you can use to leverage your money and continue using the SAME money to collect millions in equity. This is a process we...
Here's a BRAND NEW real life $38,000+ Indianapolis real estate flip, remote investing in Indy from out of state step-by-step walkthrough. Here's another Deal Dissection Episode on a BRAND new deal named "Fred Hurst", this is the first episode on this deal and you can...
Here's a $70,000+ BRRRR duplex deal in the Indianapolis real estate market, step by step walkthrough. Here's another Deal Dissection Episode, this is the second update on "Brandon" the nearly $100k+ BRRRR "flip", here's the update for this week. We are in the process...
Update on "Fred" - A $30,000 Indianapolis real estate flip with an out of state investor. Here's the latest as we enter the final stages of putting this house on the market. Remember this deal is "Fred" and it should net our Hero about 30k+ and you'll see where we...
How to pay off your rentals in less than 2-3 years? Out of state Indianapolis landlords do THIS now.
Indiana real estate investors from out of state:How to pay off your rentals in less than 2-3 years? Creating a passive income of $30,000 a month by paying off houses and building equity at light speed. The SINGLE biggest secret to "getting rich" is collecting equity...
Book review of “The Nichomachean Ethics” by Aristotle, one of the most influential books ever? (Yes)
Books for real estate investors: The Nichomachean Ethics by Aristotle, lessons for real estate investors. This is one of the most influential books ever written, in this class we'll do a deep dive into the The Nichomachean Ethics by Aristotle. We will go over the top...
Real life $25,000 Indy house flip, example of an Indianapolis real estate deal from start to finish?
Indianapolis real estate investing from out of state example deal: Here's a $25,000 Indy real estate flip, full walkthrough step by step. Here's another part of Deal Dissection Series: Fred Episode 3, so this is the third video update on this deal. Now you'll see the...
$38,000 deal using BRRRR in the Indianapolis real estate market, do this as an out of state investor
Watch us do a $38,000 real estate flip or BRRRR deal in Indianapolis for an out of state investor, get a behind the scenes look at every step. Here's another Deal Dissection Series: Brenda Episode 2, this is a $38,000 deal and we could flip it or do a BRRRR process...
Real life 23k Indy house flip example, watch along as we flip houses in Indianapolis remotely today.
How to invest in Indianapolis real estate from out of state? Here's a $23,000 real life flip in the Indy market, complete behind the scenes look. Here's another Deal Dissection Episode on Fred: a single family residential real estate flip in the Indianapolis market. ...
Want to invest in Indianapolis real estate remotely from out of the state? Here's an example of a $50,000 BRRRR deal, we help our people do deals like this everyday... Here's another update on "Brooklyn" we have it fully rehabbed and now the second side was rented...
Real life 50k BRRRR deal in Indianapolis – How to invest in Indiana remotely and do deals from home.
A real life $50,000 Indianapolis real estate flip, perfect example remote investing in Indiana? Here's another Deal Dissection video on "Brooklyn" where we'll go over a 50k deal, remember these could be BRRRR deals OR flips and these are the kinds of deals we help out...
How to invest in Indiana real estate from out of the state? Here's a real life $70,000 BRRRR and/or Flip deal in the Indy market. This is a BRAND NEW deal, Brandon, and this is the first Brandon episode for our Deal Dissection Series where we give you a FULL behind...
Real estate investor makes 30k/month for three years from ONE buyer? Get my exact script/emails free
The Hectupler Model: "Here's ONE buyer is making me $30,000 a month for the next three years... and how any real estate investor can do the same thing." This is a great way to create passive income by growing companies overnight. In this class we will talk about how...
Indy real estate investors: how to close super fast and get realtors to bring you 25k deals for free
Out of state Indianapolis real estate investors: Your team needs to close fast in order for you to get the best deals, here's how... Here is the second tip of 19 tips for remote Indianapolis real estate investors from out of state to create $30,000 a month in passive...
Book review of Deep Work, books for real estate investors – one page book summaries the best lessons
Book reviews for real estate investors - Deep Work book review and lessons for real estate investors. Here's another book review, today we'll go over Deep Work by Cal Newport and the top lessons and takeaways for real estate investors. This a part in our series of...
Here's a real life $30,000 Indianapolis real estate flip, Indy Deal Dissection step by step walkthrough from A-Z. This is the first video in this Deal Dissection series where you see the start of $30,000 flip in the Indy market. You'll see everything from start to...
Indy remote turnkey investors: update on the 50k BRRRR deal, real life example of an Indiana rental duplex deal
Update on the $50,000 Indy duplex BRRRR deal, real life Indianapolis real estate Deal Dissection. Here's an updated on our Deal Dissection Series where we break down real life Indianapolis real estate deals from start to finish, today we'll do an update on the...
How to buy 10 Indianapolis rentals from out of state and NEVER have negative cash flow ever again? One of the biggest problems that Buy and Hold investors encounter is negative cash flow. It slows them down, costs time and money and can set your passive income...
What is an escalation clause and what to real estate investors need to know about them? I got a few questions about "escalation clauses" and what they are and what Indianapolis real estate investors need to know about them. Today we'll talk about what escalation...
What does it mean to buy a property as-is and what are the risks to real estate investors? As you look at real estate deals you'll see the term "As-Is" on properties, so what does it mean? Here's a breakdown of exactly what "as is" offers mean and what real estate...
The 10 Million Dollar Egg Letter: copywriting for real estate investors and FREE download of the egg-cellent letter. This is a fun class about creating passive income, today we'll talk about a single, two-page letter that made a Hero over $10 million. You'll see the...
How Indiana Turnkey Investors can build their team CORRECTLY so they bring you a predictable six figure passive income. If you are an out of state real estate investor who is remotely investing in the Indiana market to create a passive income then you MUST go through...
Book review of "Faster Smarter Better", books for real estate investors and entrepreneurs. Here's another five minute (kind of) book review of Charles Duhigg's book "Faster Smarter Better". We'll go over the best lessons and excerpts and what these insights mean to...
Indianapolis turnkey real estate investing BRRRR deal, a 50k "flip" complete walkthrough from start to finish. This is an update on "Brooklyn", the BRRRR duplex deal. This is going to be a cash cow, but right now we are building it up to that and I'll be updating you...
Indy 20k house flip example and update. Indianapolis turnkey investing real life example of 25k flip?
Indianapolis turnkey real estate investing example: a behind the scenes look at a $20,000 flip. Here's an update on "Fred" the single family 20k flip in Indy. We will go over the status and how close we are to listing the property. Remember to stay in the loop...
How to do Indianapolis turnkey real estate investing from out of state, and my team does everything?
Indianapolis turnkey real estate investing: flip houses in the Indy and ALSO buy long term rentals without all remotely without ever stepping foot in Indy. (unless you want to) Here's the five step process my team and I use to help real estate investors from out of...
Here's a $50,000 flip and a BRRRR duplex deal, an Indianapolis turnkey real estate investing deal from start to finish. Here's a good example of a BRRRR deal and an Indianapolis turnkey real estate investing deal, you can follow along the entire process with the...
Indy house flipping example, here’s a $20,000 flip from start to finish, Indy real estate live deal.
Here's a real life $20,000 Indy real estate flip, Indianapolis turnkey real estate investing example. This is the deal "Fred" as I've been updating you guys throughout every step of the process. This is an example of an Indianapolis turnkey investing example of a...
Remote investing in Indiana real estate, why out of state investors are investing in the Indy market
Why remotely invest in Indiana real estate from outside of the area, and how? Remote real estate investing is not new, neither is remote investing in Indiana but what is new is the volume of investors wanting to invest in the Indiana real estate market. Today we'll...
What kind of insurance do I need when flipping houses and rehabbing properties? Remember that video I made where a house got burned down and the investor was NOT covered and lost about $20,000? Don't let that happen to you, in this video we'll go over what kind of...
What real estate investors need to know about money transfers, remote closing and wiring money. Whether you are doing remote closings as a passive investor or not, you and your team need to know te details of how title companies handle closings and money transfers. I...
Can you help me buy Indianapolis turnkey rental and investment properties? What’s Indy turnkey mean?
What is Indy Turnkey PASSIVE real estate investing and how I get started? If you want to invest in Indiana real estate passively, whether you are local or from out of the state, then the single biggest challenge you will have is building your team. In this class I'll...
When I'm selling a house after making major repairs, what do I need to disclose to the buyer? As a real estate investor who is flipping houses you will be on both sides of a transaction sometimes as the buyer and other times as the seller. When you are a seller,...
How I made $5 million drinking and whoring every night? How to grow a company from zero to over 100M
How to take a company from zero to $100 million, and make $5 million in the process. 52 tips number one. This is the first of 52 upcoming tips on passive income, today we will talk about the lesson "Always Get Equity" and how it relates to create a passive $10,000...
What do I say when people ask me what I do? Here's how to introduce yourself with words that IMPACT, compliance and people eating out of the palm of your hand. The distance between where your business is and where you want it to be is all in your WORDS, your...
Book review: Shoe Dog by Phil Knight (founder or Nike), books and lessons for real estate investors.
Book Review of Shoe Dog by Nike Founder Phil Knight. Phil Knight was the co-founder of Nike and has a net worth of about $25 billion, he wrote Shoe Dog as a guide through his journey. Today's book review will be for Shoe Dog , the lessons from it and how they apply...
Real life BRRRR example with Indy duplex, Indianapolis rentals from out of state for passive income?
Here's a real life example of the BRRRR method being used with an Indy duplex. This is a real life example of the BRRRR method being used with an Indy duplex. Today we'll go over all the costs in closing, repairing, renting, etc. Later we will also follow up on this...
Landlords: 10 ways to tenant-proof your properties so they are indestructible, best repairs for landlords to make
The best repairs for landlords to make for rentals that are tenant proof. As a landlord one of the most important decisions you'll make is what repairs to make to your rentals. If you do this correctly you'll increase your lifetime ROI, your equity positions and...
How much does the BRRRR Method cost? How can I calculate my monthly payment with BRRRR? Indy example
What are the REAL costs of doing the BRRRR method, a real life example breakdown. As an investor, the process of buying/refinancing (the BRRRR method) is something that you want to be familiar with. There is a LOT of misleading and inaccurate information online about...
10 questions to ask property managers, how to find good Indianapolis property management for rentals.
Indianapolis property management help - how to find a good property manager in Indy. If you are an out of state landlord who owns rentals in the Indianapolis market then you already know how important good property management to your ROI. Today I'll go over 10...
How to create 10k/mo passive income with Indy duplexes, why do we buy 200k duplexes in Indianapolis?
Indianapolis Turnkey Passive Income: how to make $10,000 in passive income with Indy duplexes? If you want to invest in Indianapolis real estate and create passive income then you MUST watch this class. I'll go over the exact math and explain exactly how and why we...
Copywriting for real estate investors: how to make an extra $2,000/week by writing 500 word articles
Copywriting for real estate investors: how to make an extra $2,000 a week writing 500 word articles for lead generation. As a real estate investor one of the single most profitable things that you'll ever learn is how to write copy. Today we will go over a simple way...
Book review of The Progress Principle by Teresa Amabile and Steven Kramer, books for real estate ppl
Book Review of The Progress Principle. Today's one page book review is of the book The Progress Principle by Teresa Amabile and Steven J. Kramer. We will talk about the book, the best lessons I got from it and how it applies for real estate investors and business...
How to find the best title companies for real estate wholesaling, nine questions investors should ask.
Nine questions real estate wholesalers can ask to find the best title companies for wholesaling. Your success in real estate relies on your skill in building your team and part of that team is your title company. Not all title companies are the same so here are nine...
This is why wholesaling is becoming illegal, real life examples of what NOT to do as a real estate wholesaler
Examples of what NOT to do as a real estate wholesaler and why wholesaling is becoming illegal. There are many laws around real estate wholesaling that are changing. These changes in laws are a result of LC wholesalers doing things wrong so all real estate investors...
How to wholesale real estate with no money? What is real estate wholesaling? Real estate investing for beginners, wholesale zero to 100k/month?
How any real estate investor can wholesale houses with no money, real estate wholesaling for beginners.
How to trade SIGNS (neon yellow hand-written signs) for the mansion of your dreams. For years the folks on my team have been doing this, I KNOW how this sounds but I promise that I'll explain everything and YES you really can go buy the house of dreams and get a...
Book review of Overachievement by Jon Eliot, books for real estate investors to learn from and apply
Book review of "Overachievement" by John Eliot John Eliot wrote Overachievement to study different approaches to exceptional performance. This is another one page "Quantum Book Review" where Azam sums up a book in a few paragraphs and explains the top lessons that...
Indianapolis real estate investing for beginners, nine things every investor should know about the Indy market. Here's a breakdown of the Indianapolis real estate market for a total beginner and newbies. Here are nine things every real estate investor should know...
Indianapolis property management for landlords and investors in/out of the state. Indianapolis property management is one of the most important things that ANY investor in the Indy real estate market needs to know about. Getting your rentals to produce efficiently...
Landlords: here's how to set up ACH payments so that you get automatic monthly rent payments. As a landlord you should know how to set ACH payments to get rent payments automatically every month. In this class we'll talk about how to set your bank account up so that...
Landlords: Nine ways to get automatic rent payments by getting your tenants to sign up for ACH. As a landlord you want to get your tenants to sign up for ACH so you get your rent payments automatically. To do this you need their permission. Here are nine ways to...
Real estate contracts for FREE: every piece of legal paperwork a real estate investor will ever need
Over $500,000 Worth Real Estate Contracts and Paperwork - All for FREE. As a real estate investor, you have to be able to go through contracts and paperwork quickly and easily. The more familiar you become with these legal documents, the easier deals will be to...