13: Buying Real Estate with Seller Financing and Speculating with Leon Yang

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Apr 11, 2013

Leon Yang, a young investor from the Las Vegas area, discusses his strategy of buying homes using seller financing and speculating. He shares tips on finding seller financing, negotiating deals, and the importance of factors beyond selling price. The podcast also explores the benefits of borrowing money in real estate, the impact of inflation on debt, and the importance of reputation and credibility in the industry.

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Introduction

00:00 • 2min

Introducing Leon Yang: A New Real Estate Investor with Unique Strategies

01:35 • 10min

Personal Stories, Choosing Las Vegas as a Market, and First Real Estate Deal

11:38 • 3min

Buying Real Estate with Seller Financing

14:28 • 19min

The Benefits of Borrowing Money in Real Estate and the Impact of Inflation on Debt

33:55 • 3min

Benefits of Low-Interest Loans and Importance of Reputation in Real Estate Investing

36:34 • 8min

The Importance of Credibility in Real Estate Investing

44:20 • 25min

Finding Investor-Friendly Lenders and the Importance of Due Diligence

01:08:56 • 2min

Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way.

Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time.

A BiggerPockets Podcast Milestone!

Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey!

Read the transcript for episode 13 with Leon Yang here

In This Show, We Cover:

How to get started when living in a city with high prices
Why Leon chose Las Vegas to invest in
How to use seller financing to fund your purchases
Leon’s primary source for finding seller financing.
How to approach sellers and negotiate the best deal.
Two things more important than “selling price” in a deal.
Speculating in real estate: is it ever okay?
Leon’s view on the future of inflation in the US.
The first step for new investors.
Why now is the best time to invest in real estate.

Links from the Show

Books Mentioned in the Show:

Rich Dad Poor Dad by Robert Kiyosaki
The Total Money Makeover by Dave Ramsey
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
Investment Biker: Around the World with Jim Rogers

Tweetable Topics

“Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!)
“Inflation is a borrower’s friend.” (Tweet This!)
“To be successful, you have to get a good financial education.” (Tweet This!)
“Strike a good balance between real estate and the rest of your life.” (Tweet This!)
“It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!)

Learn More about Leon

Leon’s Blog: HardWorkingPenguin.com
Leon’s Facebook

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