Lecture Notes: Real Estate Investment and Transactions

Overview

• Overcast day, Harry is joining the session.
• Anson closed a $10,000 deal in Puerto Rico with a buyer purchasing a house for $110,000.
• The world's youngest wholesaler, 12-year-old Anson, is active in the real estate market.

Key Discussions

Deals and Follow-ups

• Real estate investor Harry Gold, based in San Diego, is joining the session.
• Upcoming follow-ups with sellers:
  • An 18-year-old with a triplex, walkthrough scheduled.
  • Puerto Rico deal buyer interaction.
  • A seller in Florida offered $3K down on $500K property.
  • Complexities with real estate agents and contract negotiations mentioned.

Challenges with Real Estate Transactions

• Issues with a realtor in Puerto Rico affecting deal negotiations.
• Anecdote about a realtor in Cincinnati blocking a transaction due to skepticism about buyer credibility.
• Discussion about the nature of real estate agents and their resistance to unconventional deals.

Real Estate Market and Strategy

Market Observations

• Real estate market trends and challenges discussed, including difficulties in cash flow and seller financing.
• Market condition insights: potential market crash implications, strategies for different market conditions.

Investment Strategies

• Proposal to tackle real estate challenges through creative financing.
• Potential opportunities in Section 8 housing discussed.

Current Deals and Opportunities

Active Deals

• Discussion about the viability and challenges of investing in properties with high-interest rates and low cash flow.
• An example of a $3,000 down deal in Florida for a $500,000 house.
• An auction for a Cleveland property generating significant interest due to its cash flow potential.

Community Engagement

• Students and community members actively seeking deals, with several in progress.
• Integration of Propstream and other resources for real estate marketing and lead generation.

Tools and Resources

• Propstream offering $50 in marketing credits for mail and text campaigns.
• Usage of Propstream for market analysis and property details.

Conclusion

• Emphasized importance of creative finance in diversifying investment strategies.
• Highlighted community support and resources available for real estate investors.