Storage Wins EP146: Camilo Palacio Reveals His Secret Weapon (International Cash Buyers)
Camilo Palacio is a living example of what the American Dream can do for you. Camilo is originally from Colombia, but moved to the U.S. and begin investing in real estate. Before the age of 30, he and his wife became financially independent. Now, Camilo works with international buyers from both Central and South America and helps them find, acquire, fix, and flip (or even rent) properties while his investors stay at home.
Key Takeaways:
- Camilo and his wife just finished writing a book about their story and basically achieving the American Dream.
- Camilo became financially free before he turned 30 through real estate investing with the help of rental properties.
- Camilo has been in the U.S. for 17 years.
- Camilo has set it up in such a way international investors can stay in their respective countries and trust that Camilo will find good deals for them in the United States.
- What have been some of the differences Camilo has noticed between working with local buyers vs. international buyers?
- Camilo is currently doing around 10-15 properties a month.
- How has Camilo managed to get international buyers interested in being on his buyer's list?
- You can broker with places like Remax and Century 21 as well in other countries and make those buyer connections that way.
- If you meet an international buyer that's interested in coastal markets, build relationships with other wholesales!
- Camilo and Alex both work in the same area, but they're not competitors. They work together on joint ventures and when you have that mindset, it's so much easier to build real connections.
- Camilo is honest with his investors. He will tell them straight away if it's a property worth buying or not.
- How many people on Camilo's buyer's list are repeat customers?
- Automating your business is a great thing, but there are some things a computer can't do for you.
- Camilo discusses the book he recently co-wrote with his wife.
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Mentioned in This Episode:
Flip Empire Private Facebook Group
Email Alex: Alex@FlipEmpire.com
Find investment properties at wholesale price: Cashflowfl.com
Grab Camilo & Michelle's CashflowPreneur Book Here
Tweetables:
"Wholesaling, I believe, is the true base of any real estate investment. You don't need money to become a wholesaler."
"Keep it simple. If you keep things simple, if you stay consistent and you keep taking action, that's when things happen."
"Automating your business is a great thing, but there are some things a computer can't do for you."
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