As many of my students and subscribers may know, we offer a lot of free content. We have a weekly podcast that comes out every Wednesday called Strategic Real Estate Coach Radio, we have a YouTube channel where we post new videos weekly and we’re on almost all the other social channels as well sharing content, interacting with our followers and keeping up on industry trends.
Last year I was not into the whole social media thing and rarely ever got on to check my Facebook. Then within the past few months, I’m seeing how important it is for a business to stay connected with their audience and be able to share all the content we work so hard to create.
If you aren’t already, I would definitely suggest giving our Facebook a “like” so you can keep up with everything we’re posting on a daily basis. Tons of great blog posts, videos, podcasts, news articles, student case studies and now, thanks to Facebook live – live walk-throughs of properties I am working on RIGHT with my brother Mark.
In case you aren’t already following us, here’s a quick recap of stuff we covered this week…
From one of my Facebook Live sessions, my A/V team created this awesome video from a discussion we had about how to make real estate investing work for YOU and time management.
Every second of every day counts, so you need to learn how to use your time effectively. In this quick video, I discuss how I make the most of my day and how to save four extra days of your life per year by just changing one simple thing.
10 Must-Knows About Buying Properties at Auctions
I put together this blog post because I was hearing from a lot of students that it seemed like their local MLS was drying up and they wanted new ways to find deals.
Real estate auctions are growing in popularity, especially for people looking for a bargain. Experienced investors often buy properties this way, but technology has simplified the process and has made it less intimidating to new investors—as long as you do your homework.
Over the past 3 years, I’ve bought 8 houses from online auctions on sites like auction.com, homesearch.com and hubzu.com.
In this post, I give you the run down on live and online auctions, how to navigate online auctions and walk you through a case study of mine on Walnut Drive that we purchased off Auction.com.
How to Flip Houses Without a Real Estate License
The next topic is one we covered because I see this question everywhere – in our forums, on our Facebook wall, commented on our Facebook ads: How can I flip houses without a real estate license?
It’s possible – I do it every day and I do not have a real estate license. We recruited one of our students, Channing Hobson, to discuss how he’s able to buy killer deals without it.
The secret is finding a real estate agent in your market who is familiar with how to work with real estate investors. They can help you find properties that fit your criteria and help walk you through the process.
Live Property Walk-Through
This was one of the Facebook live session I did this week. On Thursday in the late afternoon, I was at one of the properties we’re in the process of rehabbing and logged on to Facebook to give a tour of the property, 6004 Briarwood in Columbia Station, Ohio.
We purchased it for $96k, putting $44k into it and we're going to list it for about $220k netting us another $40k profit.
One of the reasons I really enjoy doing Facebook Live is because I can see who’s watching and answer any questions viewers have if they type it into the comments section. And guys, I am doing this once or twice a week, so “like” our page and make sure you subscribe to our Facebook Live notifications so when I sign on, you get notified so you can join us.
If you have a question you want me to answer, you can post it on our Facebook page and use the hashtag #askSREC and I’ll address it on our next Facebook live session.
Real Estate Investing to Pay College Tuition?
I came across this article on USA Today about how real estate investments may be answer to decreasing net college costs and I just had to share.
How many of you are parents and have thought of real estate investing as a way to invest while putting your kids through college?
I personally love this idea and have been using it for over 15 years.
Here's why: I bought a two family home on W. 52nd street about 15 years ago. I purchased it for $150k and lived in it for 2 years when I was 25 years old. I’ve been renting out both units since I moved out. By the time my kids are in school, this house will be paid off with $150k or more of equity and cash flowing about $1,600 a month.
But here's the kicker – I only invested $4500 in my original FHA down payment 15 years ago. That and about 10,000 in repairs over the years.
So I'm all in for $14,500. With an asset worth 150,000 and $19,200 a year in cash flow.
The article suggests to purchase a property near the college campus that your child chooses so they can live there with roommates and save on housing. The rent charged to roommates covers the cost of the house. This allows parents to help provide students free or nearly-free housing, but here’s my advice…
Buy a 2-4 unit in a good owner occupied market where the single family homes sell fast. So you have the potential appreciation along with the single family homes. Then rent it out and watch SOMEONE ELSE pay for YOUR KIDS college education.
These topics are just a few things we covered on social media this week, so as you can see, there’s a ton of education, FREE material out there for you to benefit from.
We want you to be a part of our community and engage with us. Tell me what your biggest struggle is, what you need to see more of, ask me whatever it is you want to know.
Click the image below to check out more great posts on our Facebook page, click “like” and join me on my next Facebook live session.