53 min
Episode 134 - 40 Rental Units, 20 Under Contract and 10 Flips Per Year with Henry Washington The Millionaire Talk Show with Todd and Michelle
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- Business
Super fire show. This brother got started with little to nothing and scaled it by chasing DEALS not money and credit.
He considers his company a deal finding company not a real estate company with the understanding that if you have a deal you will never starve.
Key points from the show:
Figure out a way to not be broke forever
Just start telling people what you do even if you have never done a deal
Figure it out
Used a $19,000 401k loan to do his first deal and then rolled the equity into more deals
There is a way but if you aren’t in the right circles you won’t figure it out
Buy something that can pay you and pay your bills
Least profitable deal was the most valuable deal
We sometimes think that the barrier to entry is more difficult than it is
The cashflow didn’t make the full payment but he bought it with equity
There are so many benefits to doing the first deal
Selling ONE door to buy twenty
Leverage seller financing with retiring owners
My business is a deal finding business – I focus on finding good deals
If I can make good deals, I can make money
If they don’t have a reason to sell at a discount, they need a realtor they don’t need you
Filter for equity
Don’t buy a house, buy a situation
Find a way to give the seller what they want
No steps backwards, they are all steps forward
Henry can be found on IG @independencerealtygroup
Rashauna can be found @rashaunascott
Milli can be found: @partnerwithmilli and @todd.capital
Sponsor Fam -
Invest with Teri - www.investor101.org
Notary: millinotarypromo.com
Charm City Buyers: charmcitybuyers.samcart.com/referral/sl…0LTkir6iaRh
Hood Estates Trucking: bit.ly/2JQQnlZ
Hood Estates Elite Real Estate: bit.ly/2HCXD25
Ericka Real Estate: bit.ly/2HqKiLb
Ericka Williams Youtube: bit.ly/2Co0V6N
Twenty 47 Watches: twenty47watches.com
Todd Capital: www.gumroad.com/toddcapital
TC Investment Club slack: launchpass.com/p/tcinvestmentclub
HBCU Capital Club slack: launchpass.com/p/hbcurealtytoddcapital
Super fire show. This brother got started with little to nothing and scaled it by chasing DEALS not money and credit.
He considers his company a deal finding company not a real estate company with the understanding that if you have a deal you will never starve.
Key points from the show:
Figure out a way to not be broke forever
Just start telling people what you do even if you have never done a deal
Figure it out
Used a $19,000 401k loan to do his first deal and then rolled the equity into more deals
There is a way but if you aren’t in the right circles you won’t figure it out
Buy something that can pay you and pay your bills
Least profitable deal was the most valuable deal
We sometimes think that the barrier to entry is more difficult than it is
The cashflow didn’t make the full payment but he bought it with equity
There are so many benefits to doing the first deal
Selling ONE door to buy twenty
Leverage seller financing with retiring owners
My business is a deal finding business – I focus on finding good deals
If I can make good deals, I can make money
If they don’t have a reason to sell at a discount, they need a realtor they don’t need you
Filter for equity
Don’t buy a house, buy a situation
Find a way to give the seller what they want
No steps backwards, they are all steps forward
Henry can be found on IG @independencerealtygroup
Rashauna can be found @rashaunascott
Milli can be found: @partnerwithmilli and @todd.capital
Sponsor Fam -
Invest with Teri - www.investor101.org
Notary: millinotarypromo.com
Charm City Buyers: charmcitybuyers.samcart.com/referral/sl…0LTkir6iaRh
Hood Estates Trucking: bit.ly/2JQQnlZ
Hood Estates Elite Real Estate: bit.ly/2HCXD25
Ericka Real Estate: bit.ly/2HqKiLb
Ericka Williams Youtube: bit.ly/2Co0V6N
Twenty 47 Watches: twenty47watches.com
Todd Capital: www.gumroad.com/toddcapital
TC Investment Club slack: launchpass.com/p/tcinvestmentclub
HBCU Capital Club slack: launchpass.com/p/hbcurealtytoddcapital
53 min
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