How to Buy Rentals and SCALE With Out Using Any of Your Own Money
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The speaker shares their method for buying $40 million worth of real estate without using their own money. They start with a distressed property and borrow money from a private or hard money lender to purchase it for $150,000. They then borrow an additional $50,000 to fix up the property, bringing the total borrowed amount to $200,000. The property is then rented out to generate cash flow, and the speaker takes the rented, fixed-up property to a local bank for an appraisal. The bank writes a check for up to 80% of the appraised value, in this case $220,000, which is used to pay back the private lender with interest. The speaker keeps some tax-free cash and the rent covers the mortgage. To scale this method, the speaker recommends setting up systems, coaching, lead flow, and extra funding.
The speaker shares their method for buying $40 million worth of real estate without using their own