Real Estate Investing with Coach Carson #326: Old School Rental Cash Flow Tricks That Work in 2024 - John Schaub
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Jan 15, 2024 Real estate investor John Schaub shares strategies for conquering high-interest rates, navigating inflation, and cherry-picking profitable properties in today's market. Topics include leveraging knowledge with other people's money, tactical playbook for inflation, financing that thrives in 2024, seller financing case studies, the value of lots in improving neighborhoods, and investing in high-priced markets with local partners.
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Starting with Limited Capital
- If starting with $50k, focus on learning the business through books and mentorship.
- Avoid putting down large sums initially; leverage safely and seek seller financing.
Working with Motivated Sellers
- Look for motivated sellers who need to sell quickly due to financial distress.
- Offer creative solutions, like taking over payments or delayed equity payouts.
Example Deal Structure
- Schaub bought a $400k house for $350k, taking over the $300k mortgage.
- He gave the seller a $50k no-payment note, buying below market and leveraging creatively.