Real-Estate Investing: The Practical Guide To Building Your Real Estate Empire With Rental Property Investing And A Proven System For Flipping Houses For Maximum Profits

By Alexander Robertson

Introducing How to Become Financially Free By Building Wealth One House at a Time With Rental Property Investing 

 

Do you want to start a Rental Property business? Do you feel overwhelmed and unsure where to start? Do you feel timorous, hesitant, apprehensive about starting a Rental property business because you're scared to fail?
 

Rental Property Investing gives you a unique and rare perspective of starting and growing your Rental Property Business, that outlines ALL the essentials you MUST know.

 

This book is packed with proven strategies along with easy to follow step by step plans to make sure of your success in the business.

 

My goal with this book was to write a book that makes starting this business no longer just a pipedream for you, but a living reality. 

 

It's time to build yourself a Rental Property Empire. 

 

Here's just a slither of what you will discover inside…

 

Discover The Essential Skills Needed to Master The Rental Property Game 

 

Exactly How to Develop The Mindset for Success In ANY Business

 

How to Recognise MUST BUY Deals and Give Yourself a 6th Sense for Finding Deals

 

The EXACT Members You Need in Your Team and How to Find Ultra Reliable Team Members (For EVERY Role In Your Business) 

 

7 Different Types of Rental Properties and What One is Best for You (Each Situation Is Very Different) 

 

The Must Know Places to Find The Best Deals CONSISTENTLY!

 

Learn Key Negotiating Strategies That Can Save You $1000's With EVERY Property

 

How to Build HUGE Amounts of Wealth One House at a Time and Build Your Very Own Rental Property Empire 

 

So, Even if you've never bought a house before, even if you have absolutely no idea where to start and even if you've never started a business before, this book guides you through starting your Rental Property Business in an easy to follow step by step manner. 

 

So if you want to start your journey to financial freedom today, Scroll up and click "add to cart" 

• Language: English
• Publisher: Nathan Houghton
• Release date: Jun 18, 2020
• ISBN: 9781393257462

Book preview

Introduction

This book contains proven steps and strategies on how to flip houses and make the most from flipping property. If you are looking to learn crucial skills that will help you to attain financial freedom through the practical application of knowledge, then this book is the right choice for you. It is an aggregation of experience from 2 generations of real estate investment gurus. The book is fun and straightforward to read, and it exposes users to technical knowledge.

Buying and selling real estate is a very profitable venture. The concept of buying and selling real estate properties or flipping is one of the surer ways of making money. There are several ways to approach this; whether you buy a property and hold it for years until you can sell it for a higher price, or you do that within days, weeks, or even months.

Perhaps you picked up this book because you are wondering how you can make money from real estate. Many people have built lucrative streams of income by making the most out of their investments in real estate.

How easy is real estate?

I have come across several people that ask me this question before going into real estate.

It isn't easy, because it is easy to fall into the hands of scamming gurus who try to teach about flipping houses with motivational quotes.

Real estate is not a get-rich-quick or some Ponzi scheme. It is a business that requires patience, diligence, and the application of well-defined rules. At the end of this book, you will not only understand these rules, but you will also be exposed to practical applications.

To make the best from real estate, you will need to ensure that you plant the right seeds and subsequently "nourish' these seeds. Real estate can be made accessible when you put in the right amount of effort to ensure that you meet up with your objectives. You need to have a plan if you want to run a real estate investment business successfully.

As a new investor, you are likely eager to get things rolling and start making a killing. This cannot happen by accident, and you need to work with a blueprint or a plan to successfully do this.

Knowledge is Power

The difference between an unsuccessful flipper and a successful one is the knowledge that the latter possesses.

If you are looking for your big break in real estate, you need to understand some basic rules and principles. These rules are like the standard mode of operation in the business of real estate, and they must be considered whenever you want to find a new property. The knowledge contained in this book will give you the required confidence and help you to overcome your fears.

This book will provide first-time real-estate investors with the knowledge that they require to analyze every property properly. Readers will be empowered with the confidence to make profits from investments. Subsequently, you can be sure that you will complete your first deal and many after that.

During this book, we will go through a variety of things, such as; how to find the right agents, how to find the best deals, and many more. We will go through a step-by-step plan on how you can make your first deal a smooth ride and set yourself up properly for future investments.

LEVERAGING KNOWLEDGE

Knowledge doesn't become power until you act on it. This book will provide you with the requisite knowledge needed to succeed in the real estate flipping business but make no mistake. If you don't leverage this knowledge, the status quo will remain the same.

My name is Alexander Robertson, and I have been in real estate for more than two decades. Since 1994, I have done several deals across various time-zones and learned several lessons during that process. At the end of each deal, I ask myself, What exactly differentiates this deal from the others? I got better, and I got smarter because I decided not just to close business deals, but to learn from each experience.

Real estate might seem like a stressful job where folks are under a lot of pressure at all times. Without passion, it is easy to feel like it is too complicated, and you may feel like throwing in the towel. As someone who has been in real estate for 25 years and counting, I can tell you that you need to be motivated to keep the fire burning. You have to ensure that you learn, unlearn, and relearn things.

I started real estate as a young and passionate young man who had fallen in love with the business. Today, I can say that I am more excited and interested in real estate than I was 25 years ago. This is what happens when you do your duty to leverage the lessons learned through numerous deals. Real estate was my means of attaining true financial freedom. Within five years of being in the business, I had earned enough money to last a lifetime.

During my career, I have come to understand that it is not only about knowing, but you also need to ensure that you practice that which you know. As we advance and grow older in our careers, we tend to reduce the amount of time and effort we spend on personal development. This is exactly what makes us redundant. Not because of old age but because we don't adapt to changing times. I often see myself as a student of real estate, and this has consistently inspired me to go beyond limits and stay updated with the latest in real estate.

Real estate, for me, is more than just a field of study or a moneymaking avenue. Real estate is something I grew into and fell in love with. My father, John, Edward Robertson, a British man, was a top estate agent in London during the '60s and '70s. I can remember being thrilled about property dealings (even though I did not fully understand it then). My father was my hero in many ways, and he taught me virtually everything that you could think of about real estate. Many times, my father taught me from his mistakes, and this helped me to discover many tips and tricks to excel.

My father and I had always made jokes about co-writing a book that would help those that want to climb the ladder in real estate. A book written by John & Alexander Robertson would have been a magnificent idea. However, after the death of my father, more than ever before, I felt the need to merge the things I learned from him with the things that I have been able to learn on my own. Therefore, it is safe to say that this book is a culmination of knowledge and experience from both my father and my own experience.

My father was a very passionate man; he was excited about the imparting of knowledge. For me, this book is my way of fulfilling my father's wish.

I like to ensure that I understand my readers whenever I try to write a book. This is important because it helps me relay relevant and helpful information to newbies (as well as those that already have investments in the business). I hope that the knowledge contained in this book will be as helpful to you as it was to my father and as it has been to me.

EARLY DAYS…

I began as a real estate agent when I was just 22 years old. At this time, I had one goal in mind, which was to learn as much as I could learn about property in general. At the age of 26, I quit being a real estate agent and began to flip houses. This was after a long period of learning practical lessons on the job.

By the time I was 30, I had attained the financial freedom that I had needed. By my 36th birthday, I had enough money to quit work and retire to go traveling with my wife without any financial worries. Instead, I decided to up the ante and began flipping big-league property. This decision was honestly one of the best decisions that I had made in my career. It ushered me into the best years of my life, and apart from the money, I learned crucial lessons.

It was not until after another 15 years before my wife, and I decided to retire. Although it took us a while to come to that decision, my wife and I eventually retired and decided that neither of us ever had to work again. We made this decision at that point because we were confident that we did not have to worry about meeting our wants and needs.

Today, if I could go back in time, I would have changed so many things and sped up my route to financial freedom. Fortunately for you, you can learn it all as you are starting and cut off all unnecessary drama. There were certain things that I had to go through to gain some crucial lessons about flipping houses and real estate in general. By reading this book, you can learn these lessons without necessarily going through the (sometimes harrowing) experiences.

During the later years of my career, I had a team of 5 youngsters who followed me around to learn all that they could. While 3 of them decided to go off on their paths after a few years, 2 of them (Christian Saunders and Maria Lopez) stayed.

When Maria started, she was having a hard time feeding her family. I remembered that she once confided in me about the situation of things, and I urged her to exercise patience and ensure due diligence. In just three years, Maria went from having a hard time feeding her family to becoming the owner of a stable business in flipping property. Within that time frame, she made enough money to take her family abroad at least five times a year.

Maria was able to do this by sticking to the rules that she learned from me. She sought my guidance, and she was able to make significant strides. In this book, I will expose you to the same tips and principles as Maria. All I need from you is an open mind and your full-on concentration on the methods and lessons that I will be teaching.

With knowledge from my father as well as my experiences in real estate, you will be more than equipped to excel. This book will help you to set the ball rolling and make sure that your first few properties are a great success. Much of my professional success can be attributed to my father's influence, counsel, and guidance. It is hard to quantify this in terms of monetary value because it served as the right foundation upon which everything else was built. This book may serve as a foundation for your success in the world of real estate. If you follow these rules, principles, and ideas, you are going to find success in flipping houses.

For folks in the older generation of real estate investors, it was more difficult to access knowledge. Today, learning materials have become readily available, and this has resulted in more competition. Today, there are more competitors in the business, and this is since more people are competing in the market today.

Although some of us were lucky enough to have people who were willing to share knowledge with us, others had to go through thick and thin to find it. However, here you are, about to open up your mind and gain from the knowledge and experience of not one, but two successful real estate investors. Before you begin to read this book, determine in your heart that no matter what the odds are, you will keep trying, and you will keep learning all you can about real estate.

The content of this book is beneficial to differentiate yourself from the tons of competitors that are in business too. In the course of my career (and in fact, my life), I have come to appreciate struggles, whether they are mine or not, because in these struggles lie crucial lessons that you need to get to the next level. Experience has been my best teacher, and you can learn from that same teacher by merely leveraging the knowledge that is contained in this book.

To ensure that you are entertained and taught crucial lessons at the same time, I will keep it as simple as possible. The goal is to help you to kick-start your real estate investment career. Whether you are a newbie or someone quite familiar with the turf, you need to ensure that you stay updated and open-minded. You must be open to learning new things because change is constant.

Earlier, I talked about how knowledge is the defining factor for any successful real estate investor. The fact that you are reading this book shows that you have taken the first bold step on the quest for knowledge, well done!

The following flipping tips and tricks that you are about to read are proven to yield brilliant results. Any new property investor that wants to be successful should pay attention to and practice. Every chapter in this book will provide you with exceptional insights. You will also get first-hand knowledge about strategies that will help you to actualize the true potential of your business. I can almost certainly state that you will never have to purchase another book on flipping houses once you are done reading this.

1

The Start

What is House Flipping?

If you are conversant with the basics of house flipping, then it is very likely that you may be uninterested in this part of the book. If that is the case, then you may decide to move on to the next chapter. In this chapter, we will take a look at the basics of house flipping

Also known as commercial real estate investing, flipping refers to a particular kind of investment strategy. In this kind of investment, you purchase a property that is not in use to resell from a profit. Flippers often concentrate on the purchase and subsequent reselling of property. So basically, you could purchase a property for 10,000 dollars and resell it for 18,000 dollars. This is what flipping means.

The same way it is with other forms of investment, the goal of flipping is to buy low and sell high. Flipping houses is not for everyone; you must be willing to take risks. However, some steps can be made to minimize risks and reap the fantastic rewards of flipping property.

Firstly, you need to seek knowledge and gain insights from other people that are also experienced when it comes to flipping property. Before starting a new venture, experts always advise that you work for someone in that same line of business so as to learn the ins and outs of the whole process. The same thing applies to the flipping of real estate. If it is not possible for you to go through this development stage, then picking up this book is a wonderful decision. You also need to ensure that your expected costs are in line with reality. Lastly, in the process of buying property, it is best to look out for property with lots of equity.

How to get Funds to Flip

You indeed need a lot of startup capital to work with when you want to start flipping houses. It is, however, also correct that you can access external funds to flip houses so that you only have to use a fraction of your money. This is why your business plan has to be top-notch. Financial organizations these days enjoy working with real estate businesses because it is one of the safest forms of investment. Once you can prove your creditworthiness to your financial institution, getting a loan will not be a difficult process.

One of the more common ways to access funds for house flipping is through a hard money loan. This is a situation whereby an individual or a group of individuals lend money to rehab houses. This kind of credit is a short-term loan where you have to pay the full balance once the home has been sold. Also, you will need to repay a monthly balance during the process.

Isn't it ironical that a hard money loan is easier to get than an actual bank loan? This is not only because it requires less paperwork but also since it does not necessarily depend on your credit history. It takes up to 2 or 3 days to get it approved within a short period (could be as short as a week).

However, it is essential to note that the use of hard money has some disadvantages too. Firstly, it reduces your overall profit because you have to pay interest, as well as points on loan.

Hard money is good money if you mind using your funds, and you don't mind repaying extra interest. It is a great way to get cash to start flipping, mainly because there are specific hard moneylenders that