TOP 10 INVESTING MISTAKES (MISTAKE #6 - BORROWING PRIVATE MONEY WITHOUT A PLAN TO REPAY)
One of the biggest questions I get is "how do I avoid risk"?
What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"
How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?
The truth is, there's no way to totally eliminate risk.
BUT, there are a variety of methods to make sure you minimize your risk in a big way...so that over the long run, any setbacks are massively offset by all of your big wins.
In today's video I go over one HUGE mistake you can make, BORROWING MONEY WITHOUT A PLAN TO REPAY, that will screw up everything else and possibly derail your investing efforts.
Want to build passive income but confused about where to start?
Click the link below to book a FREE 45 minute strategy call with me.
https://brian-ellwood.mykajabi.com/freestrategycall
On the call we'll layout your goals, what holds you back, and develop a clear action plan on exactly...
TOP 10 INVESTING MISTAKES (MISTAKE #5 - HIRING A BAD PROPERTY MANAGER)
One of the biggest questions I get is "how do I avoid risk"?
What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"
How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?
The truth is, there's no way to totally eliminate risk.
BUT, there are a variety of methods to make sure you minimize your risk in a big way...so that over the long run, any setbacks are massively offset by all of your big wins.
In today's video I go over one HUGE mistake you can make, HIRING A BAD PROPERTY MANAGER, that will screw up everything else and possibly derail your investing efforts.
Want to build passive income but confused about where to start?
Click the link below to book a FREE 45 minute strategy call with me.
https://brian-ellwood.mykajabi.com/freestrategycall
On the call we'll layout your goals, what holds you back, and develop a clear action plan on exactly what you...
TOP 10 INVESTING MISTAKES (MISTAKE #4 - OVERESTIMATING THE RENT!)
One of the biggest questions I get is "how do I avoid risk"?
What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"
How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?
The truth is, there's no way to totally eliminate risk.
BUT, there are a variety of methods to make sure you minimize your risk in a big way...so that over the long run, any setbacks are massively offset by all of your big wins.
In today's video I go over one HUGE mistake you can make, OVERESTIMATING THE RENT, that will screw up everything else and possibly derail your investing efforts.
Want to build passive income but confused about where to start?
Click the link below to book a FREE 45 minute strategy call with me.
https://brian-ellwood.mykajabi.com/freestrategycall
On the call we'll layout your goals, what holds you back, and develop a clear action plan on exactly what you need to...
12 STEPS TO YOUR FIRST 12 HOUSES
One mistake I see new investors making is focusing on the WRONG stuff.
Thinking about step 6 without doing steps 1 and 2.
Worrying about step 4 when it’s not possible to even do that without step 3.
And so on.
The easiest way to approach this is to focus on the task in front of you.
And everytime thoughts/worry/doubts about the OTHER parts of the process pop up…
Squash them, keep your head down, and focus on the task at hand.
That’s the most surefire way to prevent yourself from getting derailed…
Because of this, I made a video outlining the “12 Steps To Your First 12 Houses”
These steps are IN ORDER...meaning you don’t need to focus on any step until ALL the previous steps have been completed.
That should be relieving to you, because I know this whole process is A LOT and can be very overwhelming.
Check out this video and find out exactly what step you’re on (and what things you should NOT worry...
HOW TO CREATE PASSIVE INCOME EVEN WITH EXPENSIVE HOUSES THAT HAVE NO EQUITY! - WITH JOE MCCALL
Joe McCall was the first coach I ever hired, the one who gave me a single piece of advice that went on to TRIPLE my business.
He's the podcaster I listened to when I was still working a job...the guy who made me believe real estate was possible for me.
Today I got to sit down and interview him about what coaching for all these years has been like for him...
We also dug into his favorite strategy in todays market....LEASE OPTIONS!
Joe gives a simple, easy-to-understand description of how a lease option works....and I have to say, I was impressed by the strategy.
If you are interested in a new way to make passive income...
OR if you might even be interested in being a coach...
Then this is an episode you DO NOT want to miss.
It will fire you up, hold you accountable, and get you ready to take action.
Make sure to grab your FREE copy of Joe's book on how to wholesale lease options at:
TOP 10 INVESTING MISTAKES (MISTAKE #3 - MISCALCULATING THE ARV)
One of the biggest questions I get is "how do I avoid risk"?
What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"
How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?
The truth is, there's no way to totally eliminate risk.
BUT, there are a variety of methods to make sure you minimize your risk in a big way...so that over the long run, any setbacks are massively offset by all of your big wins.
In today's video I go over one HUGE mistake you can make, MISCALCULATING THE ARV, that will screw up everything else and possibly derail your investing efforts.
Want to build passive income but confused about where to start?
Click the link below to book a FREE 45 minute strategy call with me.
https://brian-ellwood.mykajabi.com/freestrategycall
On the call we'll layout your goals, what holds you back, and develop a clear action plan on exactly what you need to...
WHAT TO DO IF YOU’RE NOT BANKABLE
Do you have a bad (or nonexistent) credit score?
Is your income history kinda shoddy? (maybe you became an entrepreneur like I did and made 8K your first year!)
Do you lack the big down payments that banks require (15-20%)?
If so, you’re not alone.
There’s also several ways you can still buy rental properties despite all of this.
I was in this exact same boat when I first started out.
It wasn’t until I learned the difference between “Asset Based” loans…
And “YOU Based” loans…
That EVERYTHING CHANGED.
I posted a video the other telling that entire story….
And what I do now to buy rentals without any of the stuff that banks require….
Check it out!
ASSET BASED VERSUS “YOU” BASED LOANS
To your freedom,
Brian
TOP 10 INVESTING MISTAKES (MISTAKE #2 - SCREWING UP THE REPAIR ESTIMATE)
One of the biggest questions I get is "how do I avoid risk"?
What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"
How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?
The truth is, there's no way to totally eliminate risk.
BUT, there are a variety of methods to make sure you minimize your risk in a big way...so that over the long run, any setbacks are massively offset by all of your big wins.
In today's episode I go over one HUGE mistake you can make, SCREWING UP THE REPAIR ESTIMATE, that will screw up everything else and possibly derail your investing efforts.
Check it out!
IS THERE A WAY FOR YOU TO GRAB YOUR FREEDOM MUCH FASTER THAN YOU THOUGHT?
What's up guys!
Had an great call with our Freedom Artists group a few weeks ago and wanted to share it with you.
In this coaching call, I shared what I believe is the FASTEST path for you to hit your "Freedom Number" - the path no one sees until it's already too late.
Check it out!
TOP 10 INVESTING MISTAKES (MISTAKE #1 - INVESTING IN THE WRONG MARKET!)
One of the biggest questions I get is "how do I avoid risk"?
What people are really asking is "How do I avoid making a mistake that will cost me money, ruin my chances, bankrupt me, etc?"
How can I guarantee I will make a GOOD decision and buy a GREAT property that makes me cashflow?
The truth is, there's no way to totally eliminate risk.
BUT, there are a variety of methods to make sure you minimize your risk in a big way... so that over the long run, any setbacks are massively offset by all of your big wins.
In today's video I go over one HUGE mistake you can make, that will screw up everything else and possibly derail your investing efforts.
Check it out!
