Dropping Bombs Unlocking Real Estate Wealth: Episode 722 With The Real Brad Lea (TRBL)
23 snips
Jun 3, 2024 Former martial arts instructor turned real estate mogul Shane Seo shares his journey to becoming a multimillionaire through creative financing, diverse investments, and valuable advice for new investors. Topics include holding onto real estate for long-term gain, strategies for securing deals quickly, navigating challenges and growth, comparing investment strategies, and the motivation needed to succeed in real estate investing.
AI Snips
Chapters
Transcript
Episode notes
First Real Estate Flip Story
- Shane Seo bought his first home a month before turning 30 with zero savings and had to borrow $45,000 from a friend to fund the purchase.
- He flipped a troubled foreclosure in Rome, Georgia, and profited $20-$30K despite many challenges during the 8-month process.
Use Eviction Records to Find Deals
- Go to the courthouse and ask about current evictions to find motivated landlords willing to finance their properties.
- These landlords often want monthly payments and are motivated to sell without requiring full cash upfront.
Never Sell Your Properties
- The trick in real estate is to never sell your properties but keep holding them for long-term wealth.
- Holding properties generates sustained income and potential for greater financial security.