Real Estate Investing for Beginners | Successful BRRRR Deal 2023
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Real estate investor Sam shares his expertise on how to create wealth through real estate investing. He introduces himself and his businesses, including a house buying company that flips about 300 houses a year and a $42 million rental portfolio that he acquired without using his own money. Sam discusses the real estate market over the past 20 years and encourages viewers to focus on the long-term value of real estate investments. He advises viewers to take advantage of the current market and buy rental properties, as even one property can be worth $200-250k in 10 years with cash flow and mortgage payments. Sam explains that the current economic situation is normal and part of the real estate cycle, and encourages viewers to buy real estate during this time. He introduces the Burrs method, which involves buying a distressed property at a discount and borrowing money to fix it up, rent it out, and then refinance to pay back the private lender. Sam emphasizes the importance of buying properties at a discount, fixing them up, and then bringing them to the bank at the right time. He encourages viewers to use private lenders, hard money lenders, home equity lines of credit, or self-directed IRAs to fund their deals and avoid using their own money. Sam also stresses the importance of scaling by increasing lead flow and funding sources, and creating systems around every step. He advises viewers to seek coaching, take action, and learn from their mistakes.
Real estate investor Sam shares his expertise on how to create wealth through real estate investing.