Buy Rental Property Long-Distance Using The "BRRRR Method"

This is the most up-to-date market training when it comes to setting yourself up to do deals in 2020.

There is a subtle but important shift when it comes to market selection that you must make...

If you don't, finding good rental deals will always be a struggle for you.

In this training, we cover:

• My story of going from market to market

• Why I think "growth markets" are no longer worth the effort

• The market research I've been doing

• Why cheap properties are still key, but must be in small towns

• My original market recommendations, and where they went wrong

• My NEW market recommendations

If you're new to the program and need to pick a market, THIS is the training to begin with.

In this training, I go over the 5 MAIN things you want to make sure your market has...

So that your properties will cashflow, appreciate in value, and stay rented.

I wish I would have known to look for these things when I first started out...

(I wouldn't have bought properties in some of the cities I did!)

Tune in to find out what these 5 things are (and avoid my mistakes!).

Homework:

*Start a spreadsheet with your top markets

*Enter all the different data points we'll discuss in this module

*Compare your markets side-by-side, consult with the group, and DECIDE!

Highlights:+ Pros vs Cons of investing in your local market

Homework:+ If you don't already know which market you are going to invest in, watch all the videos in this module before you make that decision.+ If you already know which market you will invest in, make sure it meets the criteria laid out in the following videos in this module.

Job growth is a big sign that you're picking a market that's going to appreciate in the long run (and secure your investments, because your tenants need jobs!)

In this training, I show you how I look up whether or not a market has job growth.

If you pick a market without a strong rent/price ratio, you'll ALWAYS have trouble finding good deals that will cashflow.

In this training, I show you the simple way to determine if a market is going to have the right rent/price ratio for you to invest.

Homework:

+ Run the #'s on a market you are considering investing in. Do they work?

+ Jump on the phone with a successful investor in your market of consideration. Is he/she able to make the #'s work?

If you pick a market where the population is declining, you'll always struggle to build wealth.

(Ask me how I know, I bought several properties in a market like this and they've NEVER gone up in value!)

In this training, I go over how to make sure your market has a growing population so you can avoid my mistakes.

Homework:

+ Find out whether or not the population in your market is GROWING!

In this short video, I explain how to think about vacancy rates when choosing your market.

I also show you the exact website I use to find the vacancy rate of any market easily!

Homework:

Look up the vacancy rates for all the different markets you are considering, and enter them into your spreadsheet.

In this training video, I share the major "mindset shift" that will make everything far EASIER and FASTER for you, as you go along this journey.

I tell the famous story of Henry Ford and what he said in a Chicago courtroom that changed everything.

I share my own journey of learning from my first mentor, and the main thing I took away from that.

Lastly, I share some real-life examples of how "thinking like Henry Ford" has saved me years (and a lot of gray hair) when it came to getting results in my investing.

In this training we go over the "core team" you'll need to have in place to scale a rental property portfolio.

This training will show you WHO to get on your team, and an upcoming training will show you HOW to find those people.

You'll get a good taste of my philosophy towards investing in this training - how I prefer to keep a "hands off" approach as much as possible, as well as delegate the things I don't enjoy (or don't produce a good return) to other people.

Highlights:+ What are the components to consider when picking a property manager?+ How good are their processes?

Homework:+ If you’re already using a property manager, determine how well they stack up using the information you learned today+ If you’re not using a property manager, set aside some time to interview a few others and see how they compare.

Highlights:

+ What qualities make a great contractor?

+ How do you pick the right one?

+ What can you do to manage them properly?

Homework:

+ If you’re already using a contractor, determine how well they stack up using the information you learned today

+ If you’re not using a contractor, set aside some time to interview a few others and see how they compare.

DO NOT TAKE THIS TRAINING LIGHTLY.

If you take nothing else from this course...

Just know that this is one of the BIG TWO...

Meaning the two activities that will move the needle on your success faster than anything else.

Heed this advice, and succeed.

Ignore it...

Fear it...

Avoid it (without coming to us for help on how to overcome those fears)...

And you'll always be fighting an uphill battle.

In this training video, I go over the big "ah-ha" moment I had (which caused me to BELIEVE that I could get the money to buy rental properties).

Once I had this mindset shift, I was off to the races.

I walk you through exactly how I did my first deal using "OPM" (and explain to you what that is)...

And at the end I reveal one of the highest leverage activities you can ever do (if you want to grow your portfolio fast!).

Post down below and let me know where your head is at after watching this video. Are you excited and ready to do this too?

In this training I talk about what "Hard Money" really is, and the scenarios in which you might want to use it, and also when to AVOID using Hard Money.

In this lesson, I go over my all-time favorite source of funding, private money. I share what it is, how it works, and why it's a GREAT option for those who don't have a lot of cash, a good credit score, or income history.

In this training, I share another great strategy for getting the money to buy rental properties, COMMERCIAL banking. I explain the difference between these lenders and residential (traditional) bankers.

Commercial lending has been a staple of my investing efforts. Check it out!

In this lesson, I go over the common strategy of using residential banking to get loans for rental properties. What those bankers require, when to use them, and when to AVOID.

In this training, we go over all of the important questions you must ask ANY lender before you decide to do business with them.

There are a lot more details beyond the basics such as interest rates and terms - and this master list of questions covers them all.

Print out the attached list of questions and call 3 private money lenders and 3 bankers. Ask them the questions and you will have a LOT more clarity on exactly what it takes to be bankable.

Since "finding the money" is the name of the game, this is an activity that will produce a huge ROI for you, moving you much faster down the path to financial freedom.

In this lesson I go over this powerful strategy to keep snowballing your equity forward into future purchases. When done carefully, this might be the fastest way to accumulate properties.

In this lesson, I go over using a home equity line of credit for your rental purchases. If you have a decent chunk of equity in any house already, then getting a LOC is the cheapest money you can find. But, you need to do it right and be aware of the terms of the loan you're agreeing to!

Here's an example of how a real life private money deal would go down.

Here's another example of how a real life private money deal would go down.

In this training, you'll learn how to think about finding deals (and just how important it is), and you'll also be given the step-by-step to get leads for your investing business.

We cover:

• How to think about deal finding

• Where 80% of your time should be spent

• Buyers markets vs. Sellers markets

• The Top 4 Marketing Channels

• How to write great copy

• And much more!

The market is competitive right now.

People are fighting to even get a single chance at a good deal.

It's time to take things into your own hands.

This training will show you how to use direct mail to build a lead generation machine...

So that you can sit back and wait on motivated sellers to call you, instead of you going after them.

We will cover:

• The benefits of direct to seller marketing

• Pitfalls that will cause you to fail

• Pulling and editing your list

• Setting up your phone number

• Writing your copy

• How to handle the phone calls

If you're struggling to find deals, this training is your solution.

Do you want to do direct to seller marketing..

But you despise the idea of actually talking to sellers all day?

Are you already busy enough (and don't want to add anything new to your plate)?

If so, this training is going to "unblock" you so that you can implement the only type of marketing that works right now...

WITHOUT having to create more work for yourself.

In this training, we cover:

• My story of talking to sellers for years (and hating it)

• Why working a lead properly takes hustle

• Why you need to think like a business builder

• The best type of person to take your calls

• How to create your commission structure

• The #1 ingredient that makes this partnership successful

• How to setup the phone # and CRM access

• Expectations you must set for this person

This is a fundamental training you must implement if you truly want a hands-off business that will really scale.

Is your market way too expensive and competitive?

Are you making a lot of offers each week but you still aren't getting any deals?

There's two critical adjustments you can make that will allow you to continue to do deals in a market like that.

In this training, we cover:

• What Defines A “Too Hot” Market?

• 2 Major Adjustments You Can Make

• Why Is It OK To Go To A Fringe Market?

• Criteria For A “Fringe Market”

• Direct To Seller Marketing - What To Expect

• Criteria For Direct Mail

Execute on the methods in this training and you'll never have a shortage of deals, even in a crazy hot market.

In this training, we go over the A to Z process to make SURE you are making a GREAT decision...

when it comes to buying your next rental property.

Print this out and have it next to you as you do your due diligence on every deal you are seriously considering.

Remember, the #1 rule of investing is "Don't lose money!". This checklist will show you how to not only abide by that rule, but make GREAT investments that you are proud of, the ones that will actually give you the freedom you wanted in the first place.

Many people want to do the BRRR strategy...

(Buy, renovate, rent, refinance).

This strategy has a lot of appeal...

Hardly any cash required...

Deals end up with equity and cashflow...

Who wouldn't want to do this?

The thing is, you gotta make sure you know what you're doing.

This training breaks down, very simply, what to look for when doing a BRRR.

Do you get all confused when you think about doing a real estate deal?

Does your mind shut down when you try to remember if you have "all of the things in place"?

I know I used to feel this way when I first got started.

I decided to put together a "Mindmap" for you to use...

So that you will always know exactly what step you are on...

When it comes to doing BRRR deals.

This will clear up everything for you - download the PDF attached!

In this training, we go over what comps are and why they are important.

We also cover:

• the main criteria you need to be looking for

• the X factors that could kill your deal

• the different platforms used to run comps

• the different types of values you could determine (and which of them don't matter)

If you don't know how to run comps, you're definitely going to want to watch to get an overview of the process.

This is a quick video to give you a basic overview of how to analyze a rental property.

We're going to go more in depth, but these are the basic criteria you must master.

This is a recording of a deep dive coaching call from inside the Freedom Artists coaching program, where I go over the FAST way to analyze deals and make offers...

(You'll be able to make offers in under TEN MINUTES per deal!)...

So you don't constantly get beat out by other investors when deals hit the market.

This training is going to teach you a little ninja "trick" that most people are not aware of.

When the market is competitive, there's really no way to survive without using what I call "soft offers".

In this training, we dive straight into my inbox and make some soft offers on some real live deals.

In this training, I pick a couple of real-life deals and we analyze them completely.

You'll see the exact process I go through when a deal hits my inbox, to determine what I can offer.

In this video, I quickly show you how to find out what you property will REALLY be worth...

This is something most people (even realtors and appraisers) constantly screw up.

Make sure to only look at comps that meet this one crucial contingency!

An "X Factor" is something that could come out of left field..

And ruin the deal that you THOUGHT was good.

It took me a long time to uncover these things to watch out for.

Any beginner investor is not going to know to look for these things

In this training I go over TWELVE X factors that you must eliminate/account for..

With every buying decision you make!

Soft offers are amazing - but eventually you will need to move past the verbal stage and make it written.

Sometimes, a seller will ask for your offer in writing up front just to know that you are serious.

In this training I show you how to fill out the "one page purchase contract" that I've used for literally hundreds of deals..

(OK, well, it's evolved to two pages, but still way better than the convoluted contracts you see out there!)

I show you how to add contingencies as well for things like:

• financing

• tenants

• inspections

• appraisals

• possession

• and more!

This part of the business is mysterious to many people. This training will show you a) exactly how to do it and b) that it's not nearly as complicated as you think.

Note: video quality is poor on this video but you will still be able to learn the strategy regardless. My apologies!

In this training, I go over how to make offers on paid off properties, where you ask the SELLER to hold the note for you (meaning you DON'T have to get a loan from a bank or a private lender!)

I got the spreadsheet from Matt Theriault, who is an amazing coach and mentor you should check out to learn more about seller financing strategies.

Download the spreadsheet attached!

Seller financing is a way to BYPASS the banks, needing money, credit, W2's, all of that...

And get STRAIGHT to owning rental properties.

This video will show you how.

In this Q&A session we sat down with Gabriel Hamel, a super inspiring guy who was able to STOP trading time for dollars completely by purchasing 170 DOORS through seller financing!

Gabriel now spends most of his time helping others, taking care of his health, and being present for his family.

He tells the story behind how he started building his portfolio, and gives some of his best success tips for investing AND life in general.

I found Gabriel on Instagram and was inspired by his content. Gabriel is a fantastic mentor that I recommend modeling your life after if you want to live the lifestyle you're truly after.

Do you want to buy houses without using banks?

Are you also running into a lot of deals where there is a mortgage still in place?

If so, Adam Johnson is the man you need to sit down with.

In this call, we did just that, for two hours of Q&A on exactly how he's built a powerful portfolio (that pays all his bills)...

Without using banks at all!

He did this by mastering the art of the "subject-to" deal...

Where he buys the house with the mortgage in place.

Tune in to hear the group hit him with some amazing questions...

Listen to him reveal all his secrets.

Don't miss this coaching call!

This video breaks down how to find the right type of candidate to manage your rehabs. It also teaches you what to do, once you hire them, to make sure your rehabs are done on time, budget, and up to quality standards!

This one step has prevented me from losing THOUSANDS of dollars in my investing career. Go the extra mile to make sure you are making a WISE choice, and your contractor hasn't overlooked anything (they often do) that will need to be fixed. You'll thank me one day ;)

How to order your home inspection AND what to do with it so that you AVOID buying a lemon!

How to sign a contract in a way that leaves your options open - in case you learn something later and need to back out of the deal.

A lot of properties you're going to look at will already be occupied.

How you handle that will make or break your investment!

In this training, I tackle a question I get a lot:

"The property already has tenants in place. Should I leave them there? Is that a good thing?"

This is a bit of a tricky situation to navigate, so I put together a comprehensive training on what you should do..

Every single time you are about to buy a property that's already occupied.

How to get prepared to go to the closing table, including setting up your home insurance and loan payments.

What to do when you get your contractor's estimate back - and how to negotiate it!

Using all the data we've gathered - it's time to make your FINAL purchasing decision. Are you going to sign on the dotted line or should you exit the contract and find a better deal? It's time to put pen to paper and decide.

This training will save you thousands of dollars (easily).

What you will learn:

• How to get a rehab estimate at budget

• How to make sure you're paying fair prices

• How to pay the contractor in "phases"

• How to establish clear communication

• How to leverage a project manager

• The philosophy of "how to think" about managing contractors (this is what everyone gets wrong)

Avoid my mistakes (and all the money I've lost) by digging into this training and adopting this process!

(FYI Contractor joins the call around the 21 minute mark)

I've always wanted to sit down with a good contractor...

Just to finally ask them all the nagging questions I have about houses.

What things should I REALLY avoid?

How do I prevent foundation issues?

What about leaks and water damage?

(The things that have cost me well over six figures in repairs at this point)

The other today - I finally got my wish!

Justin, my contractor in TN, joined the Freedom Accelerator group for some much needed Q&A.

You're going to want to tune into this one - the perspective of a contractor is extremely valuable if you want to be successful in this game.

How to hand over the control of your property to a property manager but still keep them accountable and keep yourself protected.

How to keep your property manager on a tight leash to get the renovated completed with their help - on time, and on budget.

One of the biggest questions I get is "how do I avoid risk"?

What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"

How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?

The truth is, there's no way to totally eliminate risk.

BUT, there are a variety of methods to make sure you minimize your risk in a big way...so that over the long run, any setbacks are massively offset by all of your big wins.

In today's video I go over one HUGE mistake you can make, SCREWING UP THE REPAIR ESTIMATE, that will screw up everything else and possibly derail your investing efforts.

In videos 2-10, we will cover all the subsequent mistakes that investors make.