The momentum is building for Cash Flow Diary podcasts. I’ve received a number of canny questions from listeners and will answer a select few during this podcast.
Tune in, as I reveal the title of a very resourceful book that can help you estimate repair costs on single family homes, discuss wholesaling owner financed properties, the importance of educational components while learning real estate/business investing and much more.
On this episode of Cash Flow Diary J. answers your questions. If you have a burning question you’d like answered on the podcast then send it to [email protected]
3:40 Inspirational quote from Og Mandino
5:33 Q1: How do you estimate repair costs on a single-family home?
13:12 Q 2: What real estate education or resources gave you the foundation for your knowledge and the ability to take action in the beginning of you career?
14:30 Eustress versus Distress
16:30 J answers last week’s Cash Flow question
18:07 J introduces this week’s Cash Flow question
19:14 Q3: How do I wholesale an owner-financed property?
22:40 Q4: Is wholesaling possible without doing yellow letters in the US?
If you can’t meet in person with the seller how do you close the deal?
Is there a way not to spend a lot on marketing and get in touch with sellers?
31:38 Quote from Peter Drucker
Questions & Answers
How do you estimate repair costs on a single-family home?
A: You can’t have experience or knowledge without going through the process. Ask yourself how you can gain the experience or knowledge with the least amount of exposure or risk.
What real estate education or resources gave you the foundation for your knowledge and the ability to take action in the beginning of you career?
A: You need specialized knowledge and environmental community.
How do I wholesale an owner-financed property?
A: Negotiate with the seller non-recourse financing that does not require the sellers approval of the actual buyer.
iii) Is there a way not to spend a lot on marketing and get in touch with sellers?
Cash Flow Question (listen for answer on next week’s show)
Q: During your due diligence period what is the name of the process you follow when you are insuring the rent roll is accurate?
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Links to Resources Mentioned
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