In this insightful conversation, Robert Helms, a real estate investment expert, shares invaluable strategies for aspiring investors with limited funds. He discusses creative financing options, including seller financing and leveraging 'other people's money' to secure properties. The conversation also delves into navigating challenging market conditions and emphasizes the importance of setting realistic goals and building a strong network. Helms encourages listeners to think outside the box and pursue unique opportunities for building wealth in real estate.
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volunteer_activism ADVICE
Clarity, Focus, and Education
Define a clear, achievable real estate goal, like finding one cash-flowing property.
Network with experienced investors to discover more opportunities and expand your knowledge.
volunteer_activism ADVICE
Financing and Cash Flow
Explore financing options such as seller financing, subject-to deals, or first-time buyer programs.
Prioritize cash flow in your investments to ensure sustainable growth.
volunteer_activism ADVICE
Active Searching and Seller Motivation
Take action by actively searching for properties, even through unconventional means like garage sales.
Look for sellers who are motivated to sell quickly, often indicated by signs like moving sales.
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the secrets of finding hidden profits most investors miss
Ken McElroy
This book provides a comprehensive introduction to real estate investing, covering fundamental concepts and strategies for beginners. It offers practical advice and real-world examples to guide readers through the process of acquiring, managing, and profiting from real estate investments. The book emphasizes the importance of financial planning, risk management, and building a long-term investment portfolio. It also explores various investment strategies, including flipping, wholesaling, and buy-and-hold. The book is written in a clear and concise style, making it accessible to a wide range of readers.
The advanced guide to real estate investing
how to identify the hottest markets and secure the best deals
Ken McElroy
Building upon the foundation laid in "The ABC's of Real Estate Investing," this book delves into more advanced strategies and techniques for experienced investors. It explores sophisticated financial modeling, tax optimization strategies, and advanced deal structuring. The book also covers topics such as raising capital, managing large portfolios, and navigating complex legal and regulatory environments. It provides in-depth case studies and real-world examples to illustrate the application of these advanced techniques. Readers will gain a deeper understanding of the complexities of real estate investing and learn how to maximize their returns.
The ABC's of property management
Ken McElroy
This book offers a practical guide to property management, covering essential aspects of managing rental properties effectively. It provides comprehensive information on tenant screening, lease agreements, rent collection, maintenance, and legal compliance. The book also explores strategies for maximizing rental income, minimizing expenses, and building strong relationships with tenants. It includes real-world examples and case studies to illustrate best practices in property management. Readers will learn how to manage their properties efficiently and profitably, while adhering to legal and ethical standards.
Be sure to check out Robert's yearly Investor Summit on the Sea this June? Sign up here: https://investorsummitatsea.com/
Ken McElroy talks with Robert Helms on this podcast about getting started in real estate even when you have no money of your own to invest. They break down step-by-step strategies to buy property with little to no money down, from seller financing to leveraging other people's money, so you can start building wealth today.
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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