Freedom Assets Podcast

Adan Ordonez

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Real Estate, Business, Thoughts adanordonez.substack.com

03/11/2022

Discussions w/ Dad: What we do w/ Real Estate

Link to Video I teamed up with my dad this week to discuss what we do. Through these quick-hit style podcasts, we hope to help those getting started with real estate or attempting to see it from a different lens. Below is a summary of what we discussed: Our main goal was to make $10k in passive income when we began. This passive income was achievable through buying cash-flowing rental properties. The problem was that we had no money to purchase these rentals. - The best way to get the money to buy these rentals was to purchase distressed properties, fix them, and sell them for market value. These "fix and flip" projects would generate the capital needed to acquire the rentals. - Even so, we had no money to buy the distressed properties. Luckily, we could find lenders who would give us most of the money needed to fund the projects based on their After Repair Value (ARV). The rest of the funds required are by private investors, referred to as "gap investors" because they fill the gap needed. - Once we figured out how to fund these projects, we repaired the properties and sold them at market value. So, for example, we would buy a distressed property at $100K, fix for $30K, and sell at $200K. If closing costs were another $50K, we would have $20K as profit. We could use this $20K to either be a gap fund for another project or used as a down payment for a rental property. Get full access to Adan’s Newsletter at adanordonez.substack.com/subscribe
06/13/2021

Lottery Tickets Don't Always Provide a Winning Number

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06/10/2021

A Better Way To Learn

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06/06/2021

More Offers = More Deals

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06/03/2021

Wholesaling Process In Real Estate

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05/30/2021

Win The Boring Game

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05/19/2021

Real Estate Is An Inefficient Market

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05/16/2021

Work Smarter Not Harder

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Real Estate, Business, Thoughts adanordonez.substack.com

Creator

Adan Ordonez
Years Active

2022
Episodes

21
Rating

Clean
Copyright

© Adan Ordonez
Show Website

Freedom Assets Podcast