A mentor of mine NV: Anyone can invest, use these 3 ways, even with 5k or less!

My mentor and the man that introduced me to real estate investing, NV, has written a concise method of getting into real estate investing with little to no money out of pocket! With 5k or less, here at 3 ways to do just that: 

Check it out 

Take massive action!

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Scary Retirement Stats

Read through the article below and thought, there has to be really good ways to create gains for retirement… there are! Equity Endeavors at http://www.EEIGfund.com

10 Retirement Statistics Will Scare the Crap Out of YOU

10 Retirement Statistics That Will Scare the Crap Out of You

PRE Strategies™

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PRE: PURCHASE REHAB EXIT

Saturating the United States and even bleeding into adjacent countries is the “fix and flip” business model. It is sexy, and everyone and their dog wants to be apart of it. There has been a negative stigma to the Flip verbiage with banks, asset managers, and some sellers. Let’s define the real model: PRE Strategies

Purchase:

Purchase strategies for real estate investing are many. As cliché as the statement is, you make money when you buy properties. If you improperly project at the acquisition stages of a deal’s repaired value or construction needs or their costs, you will be buying incorrectly. The investment will run the huge risk of losing money. Analyzing the deal: We need to be absolutely confident that we account for every necessary part of the deal. Put it all together and make the Purchase: taxes, maintenance, utilities, construction, insurance, multiple exits, cost of leveraging, acquisition costs. Projecting the most accurate timelines is critical.

Professionals used for Purchase:

  • Real estate agents
  • Bank Asset managers
  • Wholesalers
  • REO / Foreclosure
  • Short Sale
  • Direct Seller
  • Title and Closing Attorneys
  • Escrow Officers
  • Appraisers
  • Inspectors
  • General Contractors, making every effort to calculate a realistic construction budget.

Rehab:

Putting the teams together to correct value on a distressed brick and mortar asset is pivotal. These are the players meant to complete your valuable final product. Allocating the right amount of money and time to do this is essential. Too much or too little invested to rehab the project can kill a deal’s profit. Rehab in its simplest description is a thing, especially a building, that has been rehabilitated or restored. Taking something distressed and “un stressing” it contributes value increases not just for those investing money for the project, but also for those that will consume the product; the end dweller or end user.

Professionals used for Rehab:

  • General Contractors
  • Sub-Contractors and Tradesman
  • Handymen
  • Architects
  • Engineers
  • Municipality Departments
  • Inspectors
  • Consultants
  • Designers

Exit:

Many exit strategies: selling to a consumer, selling to an investor, seller finance, carry the note, lease option, refinance, occupy with renter. Generating the right returns is the goal while creating the specific plan for an individual project. The Exit of a project is the true realization of profits and returns. Real estate deals change and transition daily with anomalies not projected correctly or unforeseen. Going in the acquisition with the projected end in mind, or multiple exit potentials, will benefit the business, relieve the stresses of a deal, give peace of mind, and mitigate loss.

Professionals used for Exit:

  • Real Estate Agents
  • Auction
  • 5 Day Sales Consultant
  • Marketing
  • Stagers
  • Appraisers
  • Banks and Lenders
  • Title and Closing Attorneys
  • Escrow Officers
  • CPA and Tax representative / IRS Methodology

As shown above, real estate investing has many moving parts. Critical thinking is an important piece to a real estate firm. Most distressed assets I have come across, purchased, rehabbed, and exited, or applied successfully the PRE Strategies, have been assets that others do not want to endeavor. We become problem solvers in the industry, problem solvers with a big pay check at the end of the Exit, although, we really make money when we buy right!

HGTV’s Chip with Fixer Upper knows the power of leverage.

Take a look at this great article about HGTV star Chip Gaines, his entrepreneurial journey, and how he borrowed to leverage his ability to do deals! Do NOT become too encumbered by leverage, however, utilizing other people’s money, banks, hard money, private sources, and self directed retirement accounts. Here it is:

http://www.businessinsider.com/hgtv-fixer-upper-lessons-for-borrowing-money-2016-10