The Best OFFLINE Business in The World

Appreciate the reply. I apologize for not clarifying things as lack of clarity can cause folks to draw assumptions which are often inaccurate.

1. My boy has been in RE since the market crashed and prices dropped the last go round. 10+ years.
2. He has a focused strategy now that he's acquired multple rental units that generate a healthy 5 figure monthly sum in cashflow. That focus is on wholesaling. What is a wholesale? Sally's mom just died and she doesn't want to go near the home, she just wants to sell it and move on with life. It's worth $150,000 but she's willing to take $70k just to be done with it. Sally enters a contract to sell the home for $70k. Then, the person who has the house under contract either cashes her out completely, or assigns the contract to another investor for a fee. In this case, my boy charged a fee of $18,000
3. The $18,000 deal is one of an average of 4 deals a month (which is really not that great compared to his competitors.). These deals avg $22,000 / mo for him.

"This business is risky Bee and you don't know what you're doing..."

1. The libraries are free.
2. Meetups are free (I got to one per week).
3. Most online resources are free.
4. Having a well of experience to tap into (my boy) is great. My half sister is also an agent so that helps.
5. Focus is saying "no." That is to say there are a bunch of guys who do a whole sale deal here and there, a subject to, a fix and flip. They're not crushing any one thing because they are not focused on any one thing. However, the most successful do one thing, and one thing well. You can change focus after your systems, processes, and management is in place. Like my boy. His focus was on rental units. Now that the business "runs itself" with property managers AND WE are 100% positive we'll see a recession by 2020, he's not buying anymore. He's whole saling until prices bottom out again.

Many folks here build direct mail lists, send out letters, and try to sell offline marketing services. Same thing. Build TARGETED list. Send out letters. Buy houses (whole sale) with no money of your own.

My focus will not be on whole sale. I don't care to fix and flip. My wife and I will cashflow a 4 unit property to live rent free for 5 years. Meanwhile, I'll be focusing on "subject to" properties. Why? Because of every single other lane / niche you can go in, acquiring homes sujbect to is the least risk and consequently minimal upside in the short term. 10 years of holding 50 units under subject to, is a nice pay day when its time to sell the portfolio, the cashflow along the way is pretty nice too...

I hope this clarifies things.

3 weeks ago I was in your shoes until my friend showed me otherwise. Went on a little vacation and the WHOLE time I studied.

There are a ton of gurus who will convince you to give them a ton of money and sit you down, dump a BUNCH of info on you you will be stuck where you started, just slightly more knowledgeable.

In my case, after 3 weeks (40-50 hrs / week) studying, I found myself completely paralyzed. It's totally normal. Then, I watched a YouTube video that simplified things for me. I can't post it here because it promotes an outside forum but feel free to DM me.

Essentially, I know my next step is to pick a focus. As of this moment, I have ruled out 2 out of 4 areas of focus and will need to settle on one. Now the next step is to do more research, talk with my wife (what are our goals) and pick a lane.

The point is, go study hard. Go to every meetup. Buy books. Etc. I will need help (a mentor) along the way and my plan for getting that mentorship is to bring the person a deal. You bring an experienced guy a deal and you have no clue how to move forward, offer 50% and they'll baby step you through as many deals as it takes until you're off the training wheels.

Please... for the love of life, if you are going to be mentored, this is the ONLY way to go about it. Forking up a bunch of up front cash will leave you lost and confused and with less money than when you started. HOWEVER, you will walk away inspired. You can get inspired for free.

Go to Barnes & Nobel and head to the business section, look for real estate books. You can grab a cup of coffee and begin reading the books there. Make sure you do not rush into your first property or you could make a mistake that will put you out of business before you get started. One good book is The Millionaire Investor by Gary Williams of Keller & Williams. A lot of information and take good notes.

Big Bee what is wrong posting REI threads here in this section. You have a few real estate people here. Have you ever looked into rent to own with your whole sale ideas.You buy a property and the people pay you with monthly payments till they buy ? You can charge interest rates higher than banks. Collect a big initial deposit to start the deal and if the person defaults relist the property and start over.

What is a "p" house?

I was suggested you don' t stop at one way.
Many have done it and did great for a while then ended up in a bad place when things changed.

"Better" is relative. I have a friend who started with me in merchant cash advance 10 years ago. We started in a basement together. 300 dials a day. He made about $5-$10k/mo then, and there's rarely a month where he doesn't take home $200-250k now. However, as his income grew, so to did his misery. He's a miserable alcoholic now.

I'm glad I got out of that basement and forged my own path...

Bob Dylan defined success / wealth as getting up in the morning and going to bed at night and doing what you want in between. Powerful.

If helping business owners is something you're passionate about and it's something that you want to jump out of bed and do everyday, then you're successful - whether you're making $500 week or $50,000 a week...

When Ewen speaks... I listen. Much respect for you big bro.

However, I would have to disagree completely and totally based on stats / data / math and NOT personal opinion.

Personal opinions and preferences aside, if you lined up all millionaires in the USA and pegged their wealth, over 90% will have accrued their wealth via real estate.

Now... one thing you said was very very interesting. Before I got the notification that you replied I was looking into the possibility of building a massive BUYERS LIST of investors who want to buy investment properties. This positions me to broker access to my list to upstart real estate investors.

That is to say, I can go out and build a big list very fast. In fact, it would be childs play. A list of QUALIFIED and targeted investors simply by going to every RE foreclosure auction I can attend. Then, marketing to those who are just starting out "got a property, don't have investors? Give me $2,500 per property to text blast my list."

I was LITERALLY exploring the math on this and execution points right before you replied so your point regarding the big billionaire companies and their basically maintaining lists sat well with me... EXCEPT for the fact that I would have no EQUITY on these deals.

The bottom line is, if you're reading this you likely have a roof over your head. Either you paid for the roof. Or, someone else is paying for the roof, or you inherited the roof, etc. But, the roof was, and NEVER will be FREE.

If roofs will never be free and there will always be a demand for roofs no matter what (like toilet paper), why not invest in roofs?

That aside, my grind will be a steady and easy grind. This is not "get rich quick" - this is build equity / cashflow at a deliberate pace and set your life up so that when you're 50 you can run around stark naked singing Annie 24/7 365 without regard for needing money.

In 15 years from now I'd imagine the my lists of buyers (and sellers) would be massive to the point where I can skype stark naked, unkempt and disheveled forking over deals like "who wants this deal!?" "who wants that deal!?" etc. etc.

#respect.

There's sooo much truth in sooo much of what you just said. KUDOS for being AWAKE. Most people do not realize that recessions are cyclical because they believe everything they see on the TV. Sad. You get it.

The next recession will be deeper than the last and those of us who are actively preparing now should be able to easily acquire wealth. Credit and lending does tighten but does not completely evaporate. The very slim pickings as it relates to credit will be reserved for those with little to no debt and EXCEPTIONAL credit scores. It will also be reserved for those with ASSETS out the yin yang. Joe Blow with 680 FICO and a 30% debt to income ratio can kiss getting credit for anything goodbye when the stuff hits the fan. Jane Blow with 750+ FICO and a 5% debt to income ratio won't have a problem.

That aside, this is NOT the time to be using leverage (taking on debt) to build a real estate empire. Now is the time to dump that risk on those who are sound asleep. It's why I prefer wholesaling. I get a property under contract, spend a net $0 on the property itself (sans marketing and legal), and basically sell that contract. Then, use those profits to tuck under the mattress (my preferred mattress is my Trezor crypto wallet) to gobble up properties when the stuff hits the fan.

We are in an auto loan bubble.
We are in a student loan bubble.
We are in a bond bubble.
Russia and China are playing chess with us and making moves to diminish demand for the US dollar (petro dollar).
Interest rates MUST rise as the FED has no choice but to wind down it's balance sheet. We'll see a $600 BN bond sale late this year and into early next year.

I can go on and on.

The last time the stuff hit the fan I found myself sleeping outside (literally). I studied so hard, daily after rising from park benches and I promised myself; "the next time this happens, I'm getting filthy f*ckin rich."

I ain't playin.

#Salute!

FYI - If you do get stuck with it you may have to pay to have the weeds and trashed removed 1-2 a Summer. If the property is located in a city or large suburban area.

Here in UK, it'd typically take longer than two months just to buy the property with the snail pace buying process...

Go to Amazon and purchase The Millionaire Real Estate Investor by Gary Williams
(Founder of Keller Williams) . Great book to get started begining has alot of mind set stuff, but also has chapters on getting referrals to properties what to buy and cash flow vs. appreciation. There are more books on the subject some excellant some not worth the purchase price. Good luck if you take this on!