Live Q&A - Picking the Right CRM, Locating Sellers, How to Structure Private Money, Outsourcing Work, and Finding a CPA
Manage episode 308492064 series 2340571
Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.
This presentation is the live Q&A that I did the week of November 17th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!
“A hard money lender may not loan you 100% of the purchase price and renovation amount of a property, but will likely load 80-90% of those costs.”
“If you buy a property right, once you renovate it, it is worth more than the money you have into it, and you can refi out of it.”
“I always suggest finding a CPA right away, especially if you are buying rentals, because there are some significant tax advantages to having rentals.”
“I don’t recommend finding a CPA and having a hundred conversations with them before you start looking for investment properties.”
“Start looking for properties immediately!”
“The best CRM is the one that you will diligently use every single day in your business.”
“Sometimes people stress out about the tools they are going to use in their business and they make them more important than the business itself.”
“When approaching a property owner, you want to find out if and why they want to sell. It is really pretty simple.”