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Owned by Robert

Real Estate Investment Club

Public ā€¢ 37 ā€¢ Free

Learn How To Find Your Next Real Estate Deal In 30 Days! This group is for anyone whoā€™s STUCK (New or Experienced) and looking for help and support

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44 contributions to Real Estate Investment Club
Exploring Strategies for Maximizing Real Estate Investments
Hey Family, Iā€™m diving deeper into real estate investment strategies and wanted to start a conversation about refinancing and other techniques we can use to optimize our investments. Refinancing is a common approach that can: ā€¢ Lower monthly payments by reducing interest rates. ā€¢ Pull out equity to reinvest in new properties. ā€¢ Shorten loan terms to build equity faster. That said, Iā€™m curiousā€”what other techniques have you found valuable, and how simple or complex are they to execute? Here are a few Iā€™ve been researching: 1. HELOCs (Home Equity Lines of Credit): Accessing equity while keeping the original mortgage intact. Is this process straightforward, or does it have hidden challenges? 2. Seller Financing: Leveraging the seller as the lender for better terms or lower upfront costs. Are there scenarios where this approach might not be advisable? 3. 1031 Exchange: Deferring taxes on gains by reinvesting in like-kind properties. While the tax benefits are attractive, are there situations where this may not work well? 4. Partnerships: Pooling resources with other investors. How do you navigate balancing risk and reward in these agreements? Questions for the Group: ā€¢ Are these processes generally simple, or do they come with unexpected complexities? ā€¢ Are there any strategies that might not always work well depending on an investorā€™s position or goals? Iā€™d love to hear your experiences, insights, or any guidance youā€™ve found useful when weighing these options. Looking forward to learning from all of you!
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New comment 11h ago
0 likes ā€¢ 13h
Hello @Angelo Paul, Iā€™d say the most important decision youā€™ll make when it comes to real estate, is first choosing an exit strategy. We have a saying in real estate ā€œyour entry starts with your exitā€. Exit strategies include, buying and holding, Fix and Flipping, Wholesaling, BRRR method, etcā€¦ā€¦ Once you select your exit, your path becomes much clearer. For example, if you decided you want to fix and flip, youā€™ll need to find a deal where the profits make sense, find a lender to fund your rehab and purchase (I can help with this), find an equity partner or gap lender to assist with the down payment (you can also use a HELOC for this), find an attorney to negotiate the contract, find a realtor to help you evaluate the deal, and find a general contractor or subcontractors to do the work. While knowledge accumulation is important, it is not as important as learning. Our school system has confused us by programming us to believe that we learn by accumulating knowledge, while this is apart of the learning process, true learning is the combination of acquiring knowledge and taking action. ā€œLearning is Doing!ā€ Once you commit to learning an exit strategy you must immediately take action towards the goal. You first step may be going to a meetup to connect with wholesalers and realtors to help you find a deal, or finding a good real estate attorney and subcontractors. You may decide you want to find deals on your own so you start by creating a distressed seller list and then text and call them to start making offers. It is way more essential to take action towards a goal vs studying, reading and understanding a process. I hope this helps as you begin your journey.
4 Moves Challenge Day 2 Recap
Hello Family, I hope you all had a great dayā€” I really enjoyed yesterdayā€™s session with @Damian Napier and several others during our deep dive into running numbers and building confidence as a real estate investor. šŸ”‘ Hereā€™s a quick recap of the key takeaways from yesterdayā€™s discussion: ā€¢ ARV Accuracy: Use tools like Propstream to calculate your ARV, but always double-check with local realtors to get a second opinion. ā€¢ Rehab Costs: Double and even triple-check your rehab numbers to avoid costly surprises down the line. ā€¢ Rental Pricing: Tools like RentoMeter.com are great for confirming local apartment rental prices and ensuring your numbers are realistic. ā€¢ Proforma Efficiency: A proforma is your best friendā€”use it to run your numbers quickly and efficiently in minutes, not hours or days. Remember, running accurate numbers is the foundation of making smart investment decisions. Keep practicing these skills and using these tools, and youā€™ll build the confidence you need to succeed. Let me know your biggest takeaway from this info or drop any questions in the commentsā€”Iā€™m here to help! šŸ’Ŗ Letā€™s keep the momentum going into Day 3! šŸš€
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How To Go From GC To Flipper With No Money Down
I recently helped two General Contractors do their first flips. One of them waited 20 years before he jumped into the game, while the other did it within his first year of beingk a GC. Year 1 VS Year 20; the choice is always yours, but too many of you think you canā€™t do it because you donā€™t have the money, or the network or the know how, but the reality is, anyone can become a successful house flipper and real estate developer. You just have to know what steps to take. In this video I share Noah and Eddieā€™s stories so that you can see whatā€™s possible for you when you have faith, take action and surround yourself with the right people to support your vision and dreams! Financial freedom is attainable for all. You just have to step into your greatness.
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New comment 3d ago
How To Go From GC To Flipper With No Money Down
0 likes ā€¢ 3d
@Luiyi Reynoso thanks! Raising capital is the Skill the Scales! Once you master it, thereā€™s no limit to how far you can go.
0 likes ā€¢ 3d
@Luiyi Reynoso looking forward to working together!
Introduction
Whatā€™s up everyone! My name is Isaiah and iā€™m based out of the Brockton area, Iā€™m a newer developer (1-5), Iā€™m super pumped to be in this group with you guys and learn form the brilliance of @Robert Nichols! My favorite exit is definitely a mix of Flipping and Buy and Hold, My biggest challenge iā€™ve been having is raising capital for my projects! Happy investing my friends!
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New comment 3d ago
0 likes ā€¢ 3d
Thanks for sharing @Isaiah Thelwell! Iā€™m excited to have you in the community. We can definitely help you raise capital as you grow your business! Welcome šŸ™šŸ¾
Day 1 - Real Estate Challenge Recap
Big Thanks to those who were on the challenge for Day 1 and Day 2 @Damian Napier @Josh Breneville šŸ’ŖšŸ¾ Hereā€™s the recap for those who missed it. We covered goal setting for maximumĀ growth, adopting the rightĀ mindset, networking to sources deals, how to leverage VAs (Virtual Assistants) for prospecting, how to list stack in Propstream, andĀ the power of joining your local real estate meetup groups to start sourcing deals, building your team and raising capital. Tomorrow, you will learn how to use proformas to analyze deals in minutesĀ not hours so that you can leverage tools for growthĀ vs trying to do it all on your own. Homework: 1. List Stack In Propstream to build a Tired Landlord List 2. Practice Skip Tracing In True People Search 3. Sign Up For A Meetup In Your Local Market Here's a link to your free trial in Propstream. We can go over your questions tomorrow. Itā€™s not too late to join this months challenge: Hereā€™s the link if youā€™re interested: http://rlncompanies.com/4moveschallenge
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Robert Nichols
4
84points to level up
@robert-nichols-9215
From $0 to Over $50M Flipped as a Flipper | Over $100M Funded as a Lender | Over $500M Sold as a Broker | Sharing what I know to help you grow!

Active 4h ago
Joined Oct 11, 2024
Boston
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