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Get Funding For Your Real Estate Investing With Financing - Master Passive Income Real Estate Investing · Master Passive Income Podcast Network

• 0:01
  You're
• 0:01
  listening
• 0:02
  to
• 0:02
  the
• 0:02
  Master
• 0:03
  Passive
• 0:03
  Income
• 0:03
  Podcast
• 0:04
  Network.
• 0:07
  Welcome
• 0:07
  to
• 0:07
  the
• 0:07
  Master
• 0:08
  Passive
• 0:08
  Income
• 0:09
  Show.
• 0:09
  My
• 0:09
  name
• 0:09
  is
• 0:09
  Dustin
• 0:10
  Heiner,
• 0:10
  and
• 0:10
  I'm
• 0:10
  here
• 0:11
  to
• 0:11
  help
• 0:11
  you
• 0:11
  get
• 0:11
  financial
• 0:12
  independence,
• 0:12
  create
• 0:13
  generational
• 0:13
  wealth
• 0:14
  so
• 0:14
  you
• 0:14
  can
• 0:14
  afford
• 0:14
  anything
• 0:15
  you
• 0:15
  want
• 0:16
  in
• 0:16
  life
• 0:16
  by
• 0:16
  investing
• 0:17
  in
• 0:18
  real
• 0:18
  estate.
• 0:18
  And
• 0:19
  in
• 0:19
  today's
• 0:19
  show,
• 0:20
  we're
• 0:20
  going
• 0:20
  to
• 0:20
  be
• 0:20
  talking
• 0:20
  about
• 0:21
  everybody's
• 0:22
  favorite
• 0:22
  topic.
• 0:23
  In
• 0:23
  fact,
• 0:24
  the
• 0:24
  number
• 0:24
  one
• 0:25
  topic
• 0:25
  that's
• 0:25
  always
• 0:25
  listened
• 0:26
  to,
• 0:26
  downloaded,
• 0:27
  or
• 0:27
  found
• 0:27
  on
• 0:28
  my
• 0:28
  channel
• 0:28
  is
• 0:29
  it's
• 0:29
  about
• 0:29
  financing
• 0:30
  your
• 0:30
  real
• 0:30
  estate.
• 0:31
  Cause
• 0:31
  not
• 0:31
  a
• 0:31
  lot
• 0:31
  of
• 0:31
  us
• 0:31
  have
• 0:32
  money.
• 0:32
  We
• 0:33
  weren't
• 0:33
  born
• 0:33
  with
• 0:33
  lots
• 0:33
  of
• 0:33
  money.
• 0:34
  But
• 0:34
  even
• 0:34
  if
• 0:35
  you
• 0:35
  haven't
• 0:35
  and
• 0:35
  you
• 0:35
  don't
• 0:35
  have
• 0:36
  any
• 0:36
  money,
• 0:36
  I'm
• 0:36
  going
• 0:36
  to.
• 0:37
  Share
• 0:37
  with
• 0:37
  you
• 0:37
  how
• 0:37
  you
• 0:38
  can
• 0:38
  invest.
• 0:38
  In
• 0:38
  real
• 0:38
  estate
• 0:39
  and
• 0:39
  use
• 0:39
  other
• 0:40
  people's
• 0:40
  money
• 0:40
  and
• 0:41
  successfully
• 0:41
  get
• 0:42
  funding
• 0:42
  for
• 0:43
  your
• 0:43
  real
• 0:43
  estate
• 0:44
  investing.
• 0:44
  All
• 0:44
  right,
• 0:45
  let's
• 0:45
  start
• 0:45
  the
• 0:45
  show.
• 0:49
  Welcome
• 0:50
  to
• 0:50
  the
• 0:50
  Master
• 0:51
  Passive
• 0:51
  Income
• 0:52
  Podcast
• 0:52
  where
• 0:52
  we
• 0:53
  talk
• 0:53
  about
• 0:53
  investing
• 0:54
  in
• 0:54
  real
• 0:54
  estate
• 0:54
  with
• 0:55
  a
• 0:55
  special
• 0:55
  focus
• 0:56
  on
• 0:56
  making
• 0:56
  enough
• 0:57
  money
• 0:57
  to
• 0:58
  so
• 0:58
  you
• 0:58
  can
• 0:58
  quit
• 0:58
  your
• 0:59
  job
• 0:59
  and
• 0:59
  live
• 1:00
  the
• 1:00
  dream
• 1:00
  life.
• 1:01
  And
• 1:01
  now,
• 1:02
  here
• 1:02
  is
• 1:02
  your
• 1:02
  host,
• 1:03
  Dustin
• 1:04
  Heiner.
• 1:10
  What's
• 1:10
  up?
• 1:10
  What's
• 1:11
  up?
• 1:11
  Super
• 1:11
  blessed
• 1:12
  as
• 1:12
  always
• 1:12
  to
• 1:12
  have
• 1:13
  you
• 1:13
  here
• 1:13
  with
• 1:13
  me
• 1:13
  on
• 1:13
  the
• 1:14
  show.
• 1:14
  Now,
• 1:14
  recently
• 1:15
  a
• 1:15
  Realtor
• 1:16
  reached
• 1:16
  out
• 1:16
  to
• 1:16
  me
• 1:17
  and
• 1:17
  says,
• 1:17
  hey,
• 1:17
  Dustin,
• 1:18
  we
• 1:18
  have
• 1:19
  this
• 1:19
  deal
• 1:19
  that
• 1:20
  I'm
• 1:20
  trying
• 1:20
  to
• 1:20
  help
• 1:21
  another
• 1:21
  Realtor
• 1:21
  sell,
• 1:22
  and
• 1:23
  it's
• 1:23
  an
• 1:23
  apartment
• 1:23
  complex
• 1:24
  in
• 1:24
  Chattanooga.
• 1:25
  So
• 1:25
  this
• 1:26
  Realtor
• 1:26
  knows
• 1:26
  that
• 1:27
  I
• 1:27
  invest
• 1:27
  in
• 1:28
  Chattanooga.
• 1:28
  We
• 1:29
  met
• 1:29
  at
• 1:29
  a
• 1:29
  local
• 1:30
  real
• 1:30
  estate
• 1:30
  investor
• 1:30
  meetup.
• 1:31
  You
• 1:31
  guys
• 1:31
  know
• 1:32
  that
• 1:32
  I've
• 1:32
  always
• 1:32
  suggested,
• 1:33
  if
• 1:34
  you've
• 1:34
  listened
• 1:34
  to
• 1:34
  my
• 1:34
  show
• 1:34
  very
• 1:35
  often,
• 1:35
  I
• 1:35
  suggest
• 1:36
  getting
• 1:36
  out,
• 1:36
  meeting
• 1:37
  people.
• 1:37
  That's
• 1:37
  why
• 1:37
  I
• 1:37
  have
• 1:38
  my
• 1:38
  conference,
• 1:38
  the
• 1:39
  Real
• 1:39
  Estate
• 1:39
  Wealth
• 1:39
  Builders
• 1:40
  Conference,
• 1:40
  which
• 1:40
  is
• 1:40
  now
• 1:40
  Income
• 1:41
  Building
• 1:41
  Live.
• 1:42
  The
• 1:42
  names
• 1:42
  is
• 1:43
  just
• 1:43
  changed,
• 1:44
  but
• 1:44
  it's
• 1:44
  basically
• 1:44
  the
• 1:44
  same
• 1:45
  thing
• 1:45
  where
• 1:45
  we're
• 1:45
  trying
• 1:45
  to
• 1:46
  help
• 1:46
  you
• 1:46
  to
• 1:46
  build
• 1:46
  income
• 1:47
  in
• 1:47
  all
• 1:48
  of
• 1:48
  your
• 1:48
  investing.
• 1:49
  Now,
• 1:50
  with
• 1:50
  building
• 1:51
  income,
• 1:52
  we
• 1:52
  had
• 1:53
  the
• 1:53
  idea
• 1:53
  of,
• 1:54
  well,
• 1:54
  we
• 1:54
  have
• 1:54
  to
• 1:55
  have
• 1:55
  a
• 1:55
  mortgage,
• 1:55
  we
• 1:55
  have
• 1:55
  to
• 1:56
  have
• 1:56
  financing,
• 1:56
  we
• 1:56
  have
• 1:56
  to
• 1:57
  use
• 1:57
  money
• 1:57
  to
• 1:57
  buy
• 1:58
  real
• 1:58
  estate.
• 1:58
  And
• 1:58
  that's
• 1:58
  what
• 1:58
  this
• 1:59
  episode's
• 1:59
  all
• 1:59
  about,
• 2:00
  is
• 2:00
  getting
• 2:00
  financing.
• 2:01
  And
• 2:01
  so
• 2:01
  this
• 2:02
  Realtor
• 2:02
  sent
• 2:03
  me
• 2:03
  the
• 2:03
  deal.
• 2:03
  It's
• 2:04
  in
• 2:04
  Chattanooga,
• 2:04
  Tennessee.
• 2:05
  I
• 2:05
  want
• 2:05
  to
• 2:05
  say
• 2:05
  it's
• 2:05
  about
• 2:05
  150
• 2:06
  units,
• 2:06
  and
• 2:07
  the
• 2:07
  seller
• 2:07
  wants
• 2:07
  $105,000
• 2:09
  per
• 2:10
  unit.
• 2:10
  Now,
• 2:11
  quick
• 2:11
  background.
• 2:12
  In
• 2:13
  March,
• 2:13
  I
• 2:13
  just
• 2:14
  bought,
• 2:14
  with
• 2:14
  my
• 2:14
  three
• 2:15
  other
• 2:15
  partners,
• 2:15
  general
• 2:16
  partners,
• 2:16
  we
• 2:16
  raised
• 2:16
  $10
• 2:17
  million,
• 2:18
  bought
• 2:18
  this
• 2:18
  apartment
• 2:19
  complex,
• 2:19
  super
• 2:19
  terrific
• 2:20
  apartment
• 2:20
  complex,
• 2:21
  325
• 2:22
  units,
• 2:23
  and
• 2:23
  we
• 2:23
  bought
• 2:23
  it
• 2:24
  for
• 2:24
  almost
• 2:25
  just
• 2:25
  a
• 2:25
  little
• 2:25
  over
• 2:25
  $60,000
• 2:26
  a
• 2:27
  unit.
• 2:27
  Now
• 2:27
  we
• 2:27
  got
• 2:28
  a
• 2:28
  really,
• 2:28
  really
• 2:28
  good
• 2:29
  deal
• 2:29
  because
• 2:29
  the
• 2:29
  seller
• 2:30
  was
• 2:30
  distressed
• 2:30
  Meaning
• 2:30
  they
• 2:31
  needed
• 2:31
  to
• 2:31
  sell
• 2:31
  it.
• 2:32
  Well,
• 2:32
  we
• 2:32
  bought
• 2:32
  it
• 2:33
  for
• 2:33
  almost
• 2:34
  half
• 2:34
  of
• 2:34
  the
• 2:34
  market
• 2:35
  value
• 2:35
  we
• 2:35
  know
• 2:36
  right
• 2:36
  now,
• 2:36
  though.
• 2:36
  And
• 2:37
  I
• 2:37
  also
• 2:37
  know,
• 2:37
  obviously,
• 2:38
  because
• 2:39
  I
• 2:39
  just
• 2:39
  bought
• 2:39
  this
• 2:40
  property,
• 2:40
  the
• 2:40
  market
• 2:41
  value
• 2:41
  for
• 2:42
  most
• 2:42
  apartment
• 2:42
  complexes
• 2:43
  certain
• 2:43
  years
• 2:44
  and
• 2:44
  all
• 2:44
  that
• 2:44
  sort
• 2:44
  of
• 2:44
  stuff
• 2:45
  kind
• 2:45
  of
• 2:45
  goes
• 2:45
  into
• 2:45
  it.
• 2:46
  But
• 2:46
  this
• 2:46
  apartment
• 2:47
  complex
• 2:47
  that
• 2:47
  the
• 2:47
  seller
• 2:48
  is
• 2:48
  reaching
• 2:48
  out
• 2:48
  to
• 2:48
  me
• 2:49
  wants
• 2:49
  $105,000.
• 2:50
  I
• 2:51
  know
• 2:51
  the
• 2:51
  max
• 2:51
  we
• 2:52
  could
• 2:52
  probably
• 2:52
  sell
• 2:52
  it
• 2:52
  for
• 2:53
  right
• 2:53
  away
• 2:53
  is
• 2:53
  $105,000
• 2:55
  to
• 2:56
  $110,000.
• 2:56
  So
• 2:57
  I'm
• 2:57
  paying
• 2:57
  almost
• 2:57
  market
• 2:58
  value,
• 2:58
  which
• 2:58
  I
• 2:58
  never
• 2:59
  do.
• 2:59
  We're
• 2:59
  investors.
• 3:00
  We
• 3:00
  don't
• 3:01
  want
• 3:01
  to
• 3:01
  pay
• 3:01
  market
• 3:01
  value
• 3:02
  because
• 3:02
  when
• 3:03
  you
• 3:03
  pay
• 3:03
  market
• 3:03
  value,
• 3:04
  then
• 3:04
  your
• 3:05
  mortgage
• 3:05
  is
• 3:05
  higher.
• 3:05
  We
• 3:06
  want
• 3:06
  to
• 3:06
  capture
• 3:06
  that
• 3:07
  equity.
• 3:08
  And
• 3:08
  in
• 3:08
  thinking
• 3:08
  about
• 3:09
  financing
• 3:09
  your
• 3:09
  deals,
• 3:10
  you
• 3:11
  can
• 3:11
  get
• 3:11
  back
• 3:12
  better
• 3:12
  cash
• 3:12
  flow
• 3:13
  when
• 3:14
  you
• 3:14
  bring
• 3:14
  the
• 3:15
  value
• 3:15
  down
• 3:15
  or
• 3:15
  the
• 3:16
  cost
• 3:16
  of
• 3:17
  that
• 3:17
  property
• 3:17
  down.
• 3:18
  So
• 3:18
  because
• 3:18
  I
• 3:18
  knew
• 3:19
  that
• 3:19
  the
• 3:20
  actual
• 3:20
  market
• 3:20
  value
• 3:20
  is
• 3:21
  right
• 3:21
  around
• 3:21
  the
• 3:21
  same
• 3:21
  price
• 3:21
  that
• 3:22
  they're
• 3:22
  selling
• 3:22
  it
• 3:22
  for,
• 3:22
  I
• 3:22
  know
• 3:23
  I'm
• 3:23
  not
• 3:23
  actually
• 3:24
  acquiring
• 3:24
  any
• 3:25
  equity
• 3:25
  when
• 3:26
  I
• 3:26
  buy
• 3:26
  the
• 3:26
  property,
• 3:26
  which
• 3:27
  means
• 3:27
  buy
• 3:27
  it
• 3:27
  for
• 3:27
  less
• 3:27
  than
• 3:28
  it's
• 3:28
  worth,
• 3:28
  and
• 3:29
  my
• 3:29
  mortgage
• 3:30
  is
• 3:30
  going
• 3:30
  to
• 3:30
  be
• 3:30
  higher.
• 3:31
  So
• 3:31
  those
• 3:31
  two
• 3:32
  main
• 3:32
  things
• 3:32
  going
• 3:33
  to
• 3:34
  me
• 3:34
  passing
• 3:35
  on
• 3:35
  this
• 3:35
  deal.
• 3:36
  Now,
• 3:36
  here's
• 3:36
  another
• 3:36
  quick
• 3:37
  thing
• 3:37
  that
• 3:37
  I'm
• 3:37
  telling
• 3:37
  you
• 3:38
  right
• 3:38
  now.
• 3:39
  So
• 3:39
  Charles
• 3:39
  Seaman,
• 3:40
  who's
• 3:40
  our
• 3:40
  multifamily
• 3:41
  coach,
• 3:41
  he
• 3:42
  has
• 3:42
  the
• 3:42
  multi
• 3:42
  or
• 3:43
  MPI
• 3:43
  multifamily
• 3:44
  podcast.
• 3:45
  Definitely
• 3:45
  check
• 3:45
  out
• 3:45
  his
• 3:46
  podcast.
• 3:46
  We
• 3:47
  coach
• 3:47
  multifamily
• 3:48
  as
• 3:48
  well.
• 3:48
  If
• 3:48
  you
• 3:48
  have
• 3:49
  five
• 3:49
  units
• 3:49
  and
• 3:50
  above,
• 3:51
  he's
• 3:51
  done
• 3:51
  at
• 3:51
  least
• 3:52
  a
• 3:52
  dozen
• 3:52
  deals
• 3:53
  of
• 3:53
  hundreds
• 3:53
  and
• 3:54
  hundreds
• 3:54
  of
• 3:54
  units
• 3:54
  each
• 3:55
  deal.
• 3:55
  So
• 3:55
  he's
• 3:55
  a
• 3:56
  fantastic
• 3:57
  coach
• 3:57
  as
• 3:57
  well,
• 3:58
  as
• 3:58
  does
• 3:58
  such
• 3:58
  a
• 3:58
  great
• 3:59
  job.
• 3:59
  I
• 3:59
  run
• 3:59
  all
• 3:59
  my
• 4:00
  deals
• 4:00
  through
• 4:00
  him.
• 4:00
  And
• 4:01
  so
• 4:01
  he's
• 4:02
  amazing
• 4:02
  when
• 4:02
  it
• 4:02
  comes
• 4:03
  to
• 4:03
  multifamily.
• 4:04
  And
• 4:04
  I
• 4:04
  was
• 4:04
  talking
• 4:05
  to
• 4:05
  him
• 4:05
  and
• 4:05
  I
• 4:05
  want
• 4:06
  to
• 4:06
  share
• 4:06
  you
• 4:06
  a
• 4:06
  little
• 4:06
  bit
• 4:06
  about
• 4:07
  what
• 4:07
  he
• 4:07
  said
• 4:08
  to
• 4:08
  me
• 4:08
  about
• 4:09
  what's
• 4:09
  going
• 4:09
  on
• 4:09
  in
• 4:10
  the
• 4:10
  market
• 4:10
  right
• 4:10
  now.
• 4:11
  So
• 4:11
  this
• 4:11
  is
• 4:12
  something
• 4:12
  he
• 4:12
  sent
• 4:12
  out
• 4:13
  to,
• 4:13
  to.
• 4:13
  To
• 4:14
  me.
• 4:14
  But
• 4:14
  he
• 4:14
  says
• 4:15
  he
• 4:15
  just
• 4:15
  spoke
• 4:15
  with
• 4:15
  a
• 4:16
  guy
• 4:16
  who's
• 4:16
  40
• 4:17
  years
• 4:17
  investing
• 4:17
  in
• 4:18
  real
• 4:18
  estate
• 4:18
  and
• 4:19
  private
• 4:19
  equity
• 4:19
  experience
• 4:20
  to
• 4:20
  get
• 4:20
  his
• 4:20
  feedback.
• 4:21
  He
• 4:21
  wanted
• 4:21
  to
• 4:21
  know
• 4:21
  what
• 4:22
  he's
• 4:22
  thinking
• 4:22
  about
• 4:22
  the
• 4:22
  market
• 4:23
  and
• 4:23
  the
• 4:23
  economy.
• 4:24
  He
• 4:24
  said
• 4:24
  that
• 4:25
  this
• 4:25
  right
• 4:26
  now,
• 4:26
  this
• 4:27
  market
• 4:27
  right
• 4:28
  now
• 4:28
  is
• 4:28
  much
• 4:29
  worse
• 4:29
  than
• 4:30
  1990
• 4:31
  and
• 4:31
  2008
• 4:32
  for
• 4:32
  commercial
• 4:33
  real
• 4:33
  estate.
• 4:33
  And
• 4:33
  it
• 4:34
  has
• 4:34
  been
• 4:34
  challenging
• 4:35
  this
• 4:35
  time
• 4:36
  because
• 4:36
  lenders
• 4:36
  have
• 4:37
  been
• 4:37
  reluctant
• 4:37
  to
• 4:37
  make
• 4:38
  deals.
• 4:38
  He
• 4:39
  said
• 4:39
  that
• 4:40
  they
• 4:40
  are
• 4:40
  more
• 4:41
  willing
• 4:41
  to
• 4:42
  write
• 4:42
  off
• 4:42
  bad
• 4:42
  debt
• 4:43
  back
• 4:43
  in
• 4:43
  2008,
• 4:44
  but
• 4:44
  that's
• 4:44
  not
• 4:44
  the
• 4:45
  same
• 4:45
  now.
• 4:46
  Now
• 4:46
  he
• 4:46
  said
• 4:47
  that.
• 4:47
  And
• 4:47
  remember,
• 4:48
  this
• 4:48
  is
• 4:48
  an
• 4:48
  investor
• 4:48
  has
• 4:49
  been
• 4:49
  investing
• 4:49
  for
• 4:49
  40
• 4:49
  years
• 4:50
  and
• 4:50
  when
• 4:50
  you
• 4:50
  have
• 4:51
  a
• 4:51
  bigger
• 4:51
  perspective
• 4:52
  that
• 4:52
  you
• 4:53
  have
• 4:53
  much
• 4:53
  more
• 4:53
  or
• 4:54
  more
• 4:54
  market
• 4:55
  cycles
• 4:55
  going
• 4:56
  up
• 4:56
  and
• 4:56
  down,
• 4:57
  seeing
• 4:57
  and
• 4:57
  investing
• 4:58
  through
• 4:58
  market
• 4:58
  cycles.
• 4:59
  Because
• 4:59
  I
• 4:59
  invested
• 5:00
  started
• 5:01
  investing
• 5:01
  back
• 5:01
  in
• 5:01
  2006
• 5:02
  and
• 5:03
  so
• 5:03
  I
• 5:03
  saw
• 5:03
  the
• 5:03
  market
• 5:04
  cycle.
• 5:04
  Most
• 5:05
  of
• 5:05
  the
• 5:05
  or
• 5:05
  these
• 5:05
  people
• 5:06
  like
• 5:06
  you
• 5:06
  see
• 5:06
  on
• 5:06
  Instagram
• 5:07
  and
• 5:07
  TikTok,
• 5:08
  they
• 5:08
  started
• 5:08
  investing
• 5:09
  in
• 5:09
  2021
• 5:10
  and
• 5:11
  they're
• 5:11
  saying
• 5:11
  oh,
• 5:11
  I'm
• 5:12
  so
• 5:12
  good
• 5:12
  at
• 5:12
  this
• 5:12
  investing.
• 5:13
  Well,
• 5:13
  they've
• 5:14
  only
• 5:14
  been
• 5:14
  investing
• 5:14
  in
• 5:14
  an
• 5:14
  up
• 5:15
  market.
• 5:15
  We'll
• 5:16
  see
• 5:16
  who
• 5:16
  is
• 5:16
  actually
• 5:17
  investing
• 5:17
  well
• 5:18
  after
• 5:18
  the
• 5:19
  next
• 5:19
  correction,
• 5:20
  if
• 5:20
  not
• 5:20
  crash
• 5:21
  in
• 5:21
  the
• 5:21
  market.
• 5:22
  You
• 5:22
  see
• 5:22
  prices
• 5:22
  are
• 5:22
  so
• 5:23
  high,
• 5:23
  it
• 5:23
  has
• 5:23
  to
• 5:23
  come
• 5:23
  back
• 5:24
  down
• 5:24
  eventually.
• 5:24
  Will
• 5:25
  or
• 5:25
  have
• 5:26
  some
• 5:26
  sort
• 5:26
  of
• 5:26
  correction.
• 5:27
  Now
• 5:27
  this
• 5:27
  investor
• 5:28
  who's
• 5:28
  been
• 5:28
  around
• 5:29
  for
• 5:29
  40
• 5:29
  years,
• 5:29
  I've
• 5:29
  only
• 5:30
  been
• 5:30
  doing
• 5:30
  it
• 5:30
  for
• 5:30
  20
• 5:30
  years.
• 5:30
  He's
• 5:31
  been
• 5:31
  doing
• 5:31
  it
• 5:31
  for
• 5:31
  40
• 5:31
  years,
• 5:32
  seeing
• 5:32
  so
• 5:32
  many
• 5:32
  market
• 5:33
  cycles
• 5:33
  that
• 5:34
  he's
• 5:34
  now
• 5:34
  saying
• 5:34
  he
• 5:35
  thinks
• 5:35
  it's
• 5:35
  worse
• 5:35
  than
• 5:36
  2008,
• 5:37
  which
• 5:37
  was
• 5:37
  really,
• 5:38
  really
• 5:38
  bad.
• 5:39
  He
• 5:39
  said
• 5:39
  now
• 5:40
  with
• 5:40
  his
• 5:40
  insights,
• 5:41
  the
• 5:41
  only
• 5:41
  caveat
• 5:42
  is
• 5:42
  if
• 5:42
  Trump
• 5:43
  puts
• 5:43
  in
• 5:43
  a
• 5:43
  new
• 5:43
  Fed
• 5:44
  chair
• 5:44
  next
• 5:44
  year
• 5:44
  and
• 5:45
  then
• 5:45
  he
• 5:45
  that
• 5:45
  new
• 5:46
  chair
• 5:46
  cuts
• 5:47
  interest
• 5:47
  rates.
• 5:48
  But
• 5:48
  how
• 5:49
  that
• 5:49
  affects
• 5:49
  the
• 5:49
  market
• 5:50
  factors,
• 5:51
  economic
• 5:51
  factors
• 5:52
  could
• 5:52
  be
• 5:52
  a
• 5:53
  big
• 5:53
  question
• 5:53
  mark
• 5:54
  and
• 5:54
  not
• 5:54
  really
• 5:54
  know
• 5:54
  for
• 5:55
  certain.
• 5:55
  But
• 5:55
  if
• 5:55
  everything
• 5:56
  stays
• 5:56
  the
• 5:56
  same,
• 5:58
  he
• 5:58
  believes
• 5:58
  that
• 5:58
  lenders
• 5:59
  are
• 5:59
  gonna
• 5:59
  continue
• 5:59
  to
• 5:59
  be
• 6:00
  reluctant
• 6:00
  to
• 6:00
  make
• 6:01
  deals
• 6:01
  this
• 6:02
  time
• 6:02
  because
• 6:02
  of
• 6:02
  how
• 6:03
  much
• 6:03
  less
• 6:03
  properties
• 6:04
  are
• 6:04
  worth.
• 6:04
  And
• 6:05
  he
• 6:05
  says
• 6:05
  this
• 6:06
  is
• 6:06
  the
• 6:06
  investor.
• 6:07
  He
• 6:07
  says
• 6:07
  they're
• 6:07
  afraid
• 6:08
  that
• 6:08
  it
• 6:08
  would
• 6:08
  really
• 6:09
  shock
• 6:09
  the
• 6:10
  market
• 6:10
  that
• 6:11
  he
• 6:11
  mentioned
• 6:12
  that
• 6:12
  40%
• 6:13
  of
• 6:13
  the
• 6:13
  existing
• 6:14
  multifamily
• 6:15
  debt
• 6:16
  is
• 6:16
  in
• 6:16
  trouble.
• 6:17
  Get
• 6:18
  that
• 6:18
  40%
• 6:19
  of
• 6:19
  the
• 6:20
  current
• 6:20
  multifamily
• 6:21
  real
• 6:21
  estate
• 6:21
  investors,
• 6:22
  all
• 6:22
  those
• 6:22
  big
• 6:23
  name
• 6:23
  people
• 6:23
  are
• 6:23
  saying,
• 6:24
  hey,
• 6:24
  I
• 6:24
  have
• 6:24
  thousands
• 6:25
  of
• 6:25
  units
• 6:25
  and
• 6:26
  I
• 6:26
  have
• 6:26
  all
• 6:27
  this
• 6:27
  money
• 6:27
  out
• 6:27
  there
• 6:28
  and
• 6:28
  millions
• 6:28
  and
• 6:28
  millions
• 6:29
  of
• 6:29
  dol.
• 6:30
  Well,
• 6:30
  you
• 6:30
  know,
• 6:31
  I've
• 6:31
  stayed
• 6:32
  away
• 6:32
  because
• 6:33
  I
• 6:33
  saw
• 6:34
  the
• 6:34
  problem
• 6:34
  and
• 6:34
  I've
• 6:34
  only
• 6:35
  been
• 6:35
  jumping
• 6:35
  back
• 6:35
  in
• 6:35
  the
• 6:36
  last
• 6:36
  two
• 6:36
  years.
• 6:36
  Now
• 6:36
  we
• 6:36
  have
• 6:36
  750
• 6:38
  apartment
• 6:38
  units
• 6:39
  in
• 6:39
  the
• 6:39
  commercial
• 6:39
  real
• 6:39
  estate
• 6:40
  investing
• 6:40
  because
• 6:41
  we
• 6:42
  saw
• 6:43
  amazing
• 6:43
  deals,
• 6:44
  amazing
• 6:44
  deals,
• 6:44
  great
• 6:45
  cash
• 6:45
  flow
• 6:46
  because
• 6:46
  the
• 6:46
  distress
• 6:47
  is
• 6:47
  coming
• 6:47
  up
• 6:48
  and
• 6:48
  the
• 6:49
  commercial
• 6:49
  market,
• 6:50
  he
• 6:50
  says
• 6:50
  40%
• 6:51
  of
• 6:51
  the
• 6:51
  existing
• 6:51
  debt
• 6:51
  is
• 6:52
  actually
• 6:52
  in
• 6:52
  trouble.
• 6:53
  He
• 6:53
  also
• 6:53
  mentioned
• 6:53
  the
• 6:54
  1990
• 6:54
  crash
• 6:54
  resulted
• 6:55
  in
• 6:55
  six
• 6:55
  years
• 6:56
  of,
• 6:56
  of
• 6:57
  cap
• 6:57
  rate
• 6:57
  expansion.
• 6:58
  And
• 6:58
  if
• 6:58
  there
• 6:58
  was
• 6:58
  a
• 6:59
  crash
• 6:59
  like
• 6:59
  1990,
• 7:00
  we're
• 7:00
  gonna
• 7:00
  have
• 7:01
  a
• 7:01
  crash,
• 7:01
  but
• 7:01
  then
• 7:01
  we're
• 7:02
  gonna
• 7:02
  make
• 7:02
  so
• 7:02
  much
• 7:03
  more
• 7:03
  money.
• 7:04
  And
• 7:04
  this
• 7:04
  reversal
• 7:06
  from
• 7:06
  the
• 7:07
  correction
• 7:07
  to
• 7:07
  the
• 7:08
  crash
• 7:08
  and
• 7:08
  then
• 7:08
  also
• 7:09
  coming
• 7:09
  back
• 7:09
  up,
• 7:10
  well,
• 7:10
  we're
• 7:10
  gonna
• 7:10
  make
• 7:10
  so
• 7:11
  much
• 7:11
  more
• 7:11
  money.
• 7:12
  So
• 7:12
  what
• 7:12
  I'm
• 7:12
  seeing
• 7:12
  is
• 7:13
  if
• 7:13
  you're
• 7:13
  a
• 7:14
  strong
• 7:14
  real
• 7:14
  estate
• 7:15
  investor,
• 7:15
  if
• 7:16
  you
• 7:16
  know
• 7:17
  how
• 7:17
  to
• 7:17
  invest,
• 7:18
  if
• 7:18
  you've
• 7:18
  been
• 7:19
  investing
• 7:19
  before.
• 7:20
  We're
• 7:20
  gonna
• 7:21
  see
• 7:21
  a
• 7:21
  huge
• 7:22
  wave
• 7:23
  of
• 7:23
  amazing
• 7:24
  deals
• 7:24
  coming
• 7:25
  away.
• 7:25
  Sadly,
• 7:25
  people
• 7:25
  are
• 7:26
  going
• 7:26
  to
• 7:26
  get
• 7:26
  hurt.
• 7:26
  People
• 7:27
  that
• 7:27
  didn't
• 7:27
  know
• 7:27
  how
• 7:27
  to
• 7:28
  invest
• 7:28
  in
• 7:28
  real
• 7:28
  estate.
• 7:28
  And
• 7:29
  this
• 7:29
  goes
• 7:29
  for
• 7:29
  single
• 7:30
  family
• 7:30
  homes
• 7:30
  as
• 7:30
  well.
• 7:31
  There
• 7:31
  are
• 7:31
  so
• 7:32
  many
• 7:32
  Airbnb
• 7:33
  owners,
• 7:33
  in
• 7:34
  fact,
• 7:34
  there's
• 7:34
  like
• 7:34
  70,000
• 7:35
  Airbnb
• 7:36
  short
• 7:36
  term
• 7:36
  properties
• 7:36
  in
• 7:37
  Arizona
• 7:38
  alone
• 7:39
  that
• 7:39
  they're
• 7:39
  sitting
• 7:40
  on
• 7:40
  the
• 7:40
  market
• 7:40
  because
• 7:41
  fewer
• 7:41
  and
• 7:41
  fewer
• 7:41
  people
• 7:42
  are
• 7:42
  traveling
• 7:42
  and
• 7:43
  there's
• 7:43
  such
• 7:43
  a
• 7:43
  huge
• 7:43
  inventory.
• 7:44
  So
• 7:45
  the
• 7:45
  reason
• 7:45
  why
• 7:45
  I'm
• 7:45
  telling
• 7:45
  all
• 7:46
  this
• 7:46
  is
• 7:46
  also
• 7:47
  the
• 7:47
  reason
• 7:47
  why
• 7:47
  I
• 7:47
  have
• 7:47
  this
• 7:48
  episode
• 7:49
  today
• 7:49
  is
• 7:50
  because
• 7:50
  we
• 7:51
  have
• 7:51
  a
• 7:52
  huge
• 7:52
  opportunity
• 7:53
  coming
• 7:54
  very,
• 7:54
  very
• 7:54
  fast
• 7:55
  for
• 7:55
  us
• 7:55
  real
• 7:55
  estate
• 7:56
  investors.
• 7:56
  I'll
• 7:56
  be
• 7:57
  completely
• 7:57
  honest.
• 7:57
  I
• 7:57
  have
• 7:58
  so
• 7:58
  much
• 7:58
  access
• 7:59
  to
• 7:59
  capital,
• 8:00
  and
• 8:00
  those
• 8:01
  are
• 8:01
  key
• 8:01
  words
• 8:02
  you
• 8:02
  need
• 8:02
  to
• 8:02
  know.
• 8:03
  Access
• 8:03
  to
• 8:03
  capital.
• 8:04
  I
• 8:04
  have
• 8:04
  so
• 8:04
  much
• 8:04
  money
• 8:05
  that
• 8:05
  I
• 8:05
  can
• 8:06
  use.
• 8:07
  Doesn't
• 8:07
  have
• 8:07
  to
• 8:07
  be
• 8:07
  my
• 8:07
  money,
• 8:08
  could
• 8:08
  be
• 8:08
  other
• 8:08
  people's
• 8:08
  money,
• 8:08
  which
• 8:09
  it
• 8:09
  is,
• 8:10
  plus
• 8:10
  my
• 8:10
  own
• 8:10
  money
• 8:11
  to
• 8:11
  buy
• 8:12
  more
• 8:12
  real
• 8:12
  estate,
• 8:13
  because
• 8:13
  I
• 8:14
  have
• 8:14
  that
• 8:14
  access
• 8:14
  to
• 8:15
  capital.
• 8:15
  And,
• 8:16
  and
• 8:16
  having
• 8:16
  access
• 8:17
  to
• 8:17
  capital
• 8:17
  doesn't.
• 8:17
  Have
• 8:17
  to
• 8:18
  be
• 8:18
  your
• 8:18
  own
• 8:18
  money,
• 8:18
  like
• 8:18
  I
• 8:19
  said.
• 8:19
  And
• 8:19
  that's
• 8:19
  why
• 8:19
  we
• 8:19
  have
• 8:19
  this
• 8:19
  episode
• 8:20
  talking
• 8:20
  about
• 8:20
  all
• 8:21
  the
• 8:21
  financing
• 8:21
  ways
• 8:22
  and
• 8:22
  how
• 8:22
  to
• 8:22
  get
• 8:22
  funding
• 8:23
  for
• 8:23
  your
• 8:23
  real
• 8:24
  estate.
• 8:24
  Because
• 8:24
  if
• 8:25
  you're
• 8:25
  not
• 8:25
  currently
• 8:25
  investing,
• 8:27
  you
• 8:27
  need
• 8:27
  to
• 8:27
  start
• 8:28
  investing
• 8:28
  right
• 8:28
  now.
• 8:29
  Because
• 8:29
  it's
• 8:29
  like
• 8:30
  surfing.
• 8:30
  If
• 8:31
  you
• 8:31
  are
• 8:31
  trying
• 8:31
  to
• 8:32
  catch
• 8:32
  a
• 8:32
  wave
• 8:32
  when
• 8:33
  you're
• 8:33
  surfing
• 8:34
  and
• 8:34
  the
• 8:35
  wave's
• 8:35
  coming
• 8:35
  and
• 8:36
  you
• 8:36
  sit
• 8:36
  there
• 8:36
  and
• 8:36
  wait,
• 8:37
  wait,
• 8:37
  wait.
• 8:37
  Then
• 8:38
  as
• 8:38
  soon
• 8:38
  as
• 8:38
  the
• 8:38
  wave
• 8:38
  hits
• 8:38
  you,
• 8:39
  you're
• 8:39
  like,
• 8:39
  oh,
• 8:39
  realize,
• 8:39
  oh
• 8:40
  my
• 8:40
  goodness,
• 8:40
  the
• 8:40
  waves
• 8:40
  here,
• 8:40
  you
• 8:41
  start
• 8:41
  paddling
• 8:41
  then.
• 8:42
  Well,
• 8:42
  you
• 8:42
  don't
• 8:42
  have
• 8:42
  any
• 8:42
  momentum.
• 8:43
  You're
• 8:43
  going
• 8:43
  to
• 8:43
  wave
• 8:44
  is
• 8:44
  going
• 8:44
  to
• 8:44
  miss
• 8:45
  you
• 8:45
  or
• 8:45
  you're
• 8:45
  going
• 8:45
  to
• 8:45
  miss
• 8:45
  the
• 8:46
  wave.
• 8:46
  But
• 8:46
  what
• 8:47
  you
• 8:47
  do
• 8:47
  is
• 8:47
  you
• 8:48
  coming,
• 8:48
  you
• 8:48
  start
• 8:48
  paddling
• 8:49
  now,
• 8:50
  you
• 8:50
  start
• 8:50
  paddling
• 8:51
  now
• 8:51
  before
• 8:51
  it
• 8:51
  gets
• 8:52
  you.
• 8:52
  So
• 8:52
  you
• 8:52
  have
• 8:53
  momentum
• 8:53
  to
• 8:54
  carry
• 8:54
  you
• 8:55
  into
• 8:55
  that
• 8:55
  wave
• 8:56
  and
• 8:56
  then
• 8:56
  you're
• 8:56
  riding
• 8:56
  that
• 8:57
  entire
• 8:57
  wave
• 8:57
  into
• 8:58
  the
• 8:58
  rest
• 8:58
  of
• 8:58
  the
• 8:58
  shore.
• 8:59
  Same
• 8:59
  thing
• 8:59
  with
• 9:00
  real
• 9:00
  estate
• 9:00
  investing.
• 9:00
  If
• 9:01
  you're
• 9:01
  not
• 9:01
  investing
• 9:01
  right
• 9:02
  now,
• 9:02
  it's
• 9:02
  going
• 9:03
  to
• 9:03
  be
• 9:03
  very
• 9:03
  hard
• 9:03
  to
• 9:03
  get
• 9:04
  into
• 9:04
  the
• 9:04
  game.
• 9:04
  If
• 9:04
  you're
• 9:05
  not
• 9:05
  investing
• 9:05
  right
• 9:05
  now,
• 9:05
  if
• 9:06
  you
• 9:06
  don't
• 9:06
  know
• 9:06
  how
• 9:06
  to
• 9:07
  invest,
• 9:07
  you
• 9:07
  might
• 9:07
  be
• 9:07
  thinking,
• 9:08
  man,
• 9:08
  I
• 9:08
  don't
• 9:08
  even
• 9:08
  know
• 9:08
  how
• 9:09
  to
• 9:09
  invest.
• 9:09
  And
• 9:09
  once
• 9:10
  the
• 9:10
  crash
• 9:10
  comes,
• 9:10
  then
• 9:10
  I'm
• 9:11
  going
• 9:11
  to
• 9:11
  learn.
• 9:11
  Well,
• 9:11
  you
• 9:12
  got
• 9:12
  learning
• 9:12
  to
• 9:12
  do
• 9:13
  and
• 9:13
  then
• 9:13
  you
• 9:13
  got
• 9:14
  to
• 9:14
  start
• 9:14
  investing.
• 9:15
  You're
• 9:15
  going
• 9:15
  to
• 9:15
  miss
• 9:15
  the
• 9:16
  the
• 9:16
  ball,
• 9:16
  you're
• 9:16
  gonna
• 9:16
  miss
• 9:17
  the
• 9:17
  game.
• 9:17
  And
• 9:17
  so
• 9:17
  what
• 9:17
  I
• 9:17
  want
• 9:17
  you
• 9:18
  to
• 9:18
  do
• 9:18
  is
• 9:18
  by
• 9:19
  learning
• 9:19
  how
• 9:20
  to
• 9:20
  get
• 9:21
  funding
• 9:21
  and
• 9:21
  get
• 9:21
  financing
• 9:22
  for
• 9:22
  your
• 9:22
  real
• 9:23
  estate,
• 9:23
  then
• 9:24
  start
• 9:24
  implementing
• 9:25
  it
• 9:25
  and
• 9:25
  if
• 9:25
  you
• 9:26
  need
• 9:27
  more
• 9:27
  help,
• 9:27
  like
• 9:28
  my
• 9:28
  podcast,
• 9:28
  get
• 9:28
  it
• 9:29
  for
• 9:29
  free,
• 9:29
  download
• 9:29
  everything,
• 9:30
  listen
• 9:31
  to
• 9:31
  it.
• 9:31
  Free.
• 9:31
  So
• 9:31
  much
• 9:32
  information
• 9:32
  to
• 9:32
  get
• 9:32
  you
• 9:33
  investing
• 9:33
  without
• 9:33
  costing
• 9:34
  any
• 9:34
  money.
• 9:34
  But
• 9:34
  if
• 9:35
  you
• 9:35
  want
• 9:35
  a
• 9:35
  little
• 9:35
  more
• 9:35
  help,
• 9:36
  if
• 9:36
  you
• 9:36
  need
• 9:37
  me
• 9:37
  to
• 9:37
  coach
• 9:38
  you
• 9:38
  along
• 9:38
  the
• 9:38
  way,
• 9:39
  I've
• 9:39
  got
• 9:39
  four
• 9:40
  other
• 9:40
  amazing
• 9:40
  real
• 9:41
  estate
• 9:41
  investing
• 9:41
  coaches
• 9:42
  that
• 9:42
  were
• 9:42
  students
• 9:42
  of
• 9:42
  mine
• 9:43
  that
• 9:43
  are
• 9:43
  now
• 9:43
  coaching
• 9:44
  because
• 9:44
  they
• 9:44
  love
• 9:45
  helping
• 9:45
  people
• 9:45
  as
• 9:46
  well.
• 9:46
  And
• 9:46
  if
• 9:46
  you're
• 9:47
  curious
• 9:48
  about
• 9:48
  the
• 9:48
  coaching
• 9:49
  that
• 9:49
  we
• 9:49
  do
• 9:49
  here
• 9:49
  at
• 9:49
  Master
• 9:50
  Passive
• 9:50
  Income,
• 9:50
  I'm
• 9:51
  going
• 9:51
  to
• 9:51
  connect
• 9:51
  you
• 9:51
  with
• 9:51
  one
• 9:52
  of
• 9:52
  my
• 9:52
  students,
• 9:53
  one
• 9:53
  of
• 9:53
  my
• 9:53
  students
• 9:54
  who
• 9:54
  said,
• 9:54
  hey
• 9:54
  Dustin,
• 9:55
  I
• 9:55
  just
• 9:55
  want
• 9:55
  to
• 9:55
  help
• 9:56
  if
• 9:56
  some,
• 9:56
  if
• 9:56
  there's
• 9:57
  somebody
• 9:57
  that
• 9:58
  is
• 9:58
  looking
• 9:58
  to
• 9:58
  invest
• 9:59
  but
• 9:59
  they
• 9:59
  want
• 9:59
  to
• 10:00
  talk
• 10:00
  to
• 10:00
  another
• 10:00
  student
• 10:01
  about
• 10:01
  how
• 10:01
  terrific
• 10:02
  it
• 10:02
  was
• 10:02
  as
• 10:03
  a
• 10:03
  Master
• 10:04
  Passive
• 10:04
  Income
• 10:04
  students
• 10:05
  to
• 10:05
  be
• 10:05
  able
• 10:05
  to
• 10:05
  invest,
• 10:06
  I'll
• 10:07
  be
• 10:07
  free,
• 10:07
  like
• 10:08
  have
• 10:08
  them
• 10:08
  talk
• 10:08
  to
• 10:08
  me.
• 10:09
  So
• 10:09
  we
• 10:09
  created
• 10:09
  a
• 10:10
  link.
• 10:10
  This
• 10:10
  is
• 10:10
  the
• 10:10
  first
• 10:11
  time
• 10:11
  giving
• 10:11
  out
• 10:12
  on
• 10:12
  the
• 10:12
  podcast,
• 10:13
  but
• 10:13
  here's
• 10:14
  a
• 10:14
  link
• 10:14
  for
• 10:14
  you.
• 10:15
  If
• 10:15
  and
• 10:15
  the
• 10:15
  link
• 10:15
  will
• 10:15
  be
• 10:16
  in
• 10:16
  Description
• 10:16
  Go
• 10:16
  to
• 10:16
  masterpassiveincome.com
• 10:18
  bookacall
• 10:19
  all
• 10:19
  one
• 10:19
  word
• 10:20
  bookacall
• 10:21
  masterpassiveincome.com
• 10:22
  bookACall
• 10:23
  and
• 10:24
  you'll
• 10:24
  get
• 10:24
  on
• 10:25
  his
• 10:25
  calendar
• 10:25
  where
• 10:25
  he's
• 10:26
  literally
• 10:26
  gonna
• 10:26
  walk
• 10:26
  you
• 10:27
  through,
• 10:27
  this
• 10:27
  is
• 10:28
  what
• 10:28
  happens,
• 10:28
  this
• 10:28
  is
• 10:28
  what
• 10:29
  you're
• 10:29
  gonna
• 10:29
  get.
• 10:29
  This
• 10:29
  is
• 10:29
  what
• 10:30
  I
• 10:30
  did.
• 10:30
  And
• 10:31
  he's
• 10:31
  a
• 10:31
  fantastic
• 10:32
  investor.
• 10:33
  He's
• 10:33
  even
• 10:33
  come
• 10:33
  to
• 10:34
  Rubecon
• 10:34
  and
• 10:34
  helped
• 10:35
  Rubecon
• 10:35
  because
• 10:35
  he
• 10:36
  sees
• 10:36
  how
• 10:37
  valuable
• 10:37
  it
• 10:37
  is
• 10:37
  just
• 10:38
  to
• 10:38
  help
• 10:38
  other
• 10:38
  people.
• 10:39
  And
• 10:39
  when
• 10:39
  you
• 10:39
  talk
• 10:40
  to
• 10:40
  him,
• 10:40
  he's
• 10:40
  going
• 10:41
  to
• 10:41
  encourage
• 10:41
  you
• 10:41
  that
• 10:42
  you
• 10:42
  need
• 10:42
  to
• 10:42
  invest
• 10:43
  in
• 10:43
  real
• 10:43
  estate
• 10:43
  to
• 10:44
  change
• 10:44
  your
• 10:44
  life,
• 10:44
  which
• 10:44
  has
• 10:45
  changed
• 10:45
  all
• 10:45
  of
• 10:45
  our
• 10:46
  lives
• 10:46
  now,
• 10:46
  thousands
• 10:47
  of
• 10:47
  students
• 10:47
  later.
• 10:48
  But
• 10:48
  I
• 10:48
  want
• 10:48
  you
• 10:49
  also
• 10:49
  to
• 10:50
  be
• 10:50
  so
• 10:50
  comfortable
• 10:51
  with
• 10:51
  investing
• 10:52
  that
• 10:52
  when
• 10:52
  this
• 10:52
  wave
• 10:53
  comes
• 10:53
  of
• 10:54
  amazingness
• 10:55
  in
• 10:55
  real
• 10:55
  estate
• 10:55
  investing,
• 10:56
  you
• 10:56
  have
• 10:56
  the
• 10:56
  financing,
• 10:57
  you
• 10:57
  have
• 10:57
  the
• 10:58
  education,
• 10:58
  you
• 10:58
  have
• 10:58
  the
• 10:59
  people
• 10:59
  around
• 10:59
  you,
• 11:00
  other
• 11:00
  friends
• 11:00
  and
• 11:01
  other
• 11:01
  investors
• 11:01
  working
• 11:01
  with
• 11:02
  you
• 11:02
  and
• 11:02
  helping
• 11:02
  you.
• 11:03
  That's
• 11:03
  what
• 11:03
  I
• 11:03
  have
• 11:03
  and
• 11:04
  that's
• 11:04
  what
• 11:04
  I
• 11:04
  want
• 11:04
  for
• 11:04
  you.
• 11:05
  And
• 11:05
  with
• 11:06
  that
• 11:06
  I
• 11:06
  also,
• 11:07
  and
• 11:07
  I
• 11:07
  want
• 11:08
  to
• 11:08
  pause
• 11:08
  for
• 11:08
  just
• 11:08
  a
• 11:08
  quick
• 11:09
  second
• 11:09
  and
• 11:09
  say
• 11:10
  thank
• 11:10
  you
• 11:10
  so
• 11:10
  much
• 11:10
  for
• 11:10
  listening
• 11:11
  to
• 11:11
  the
• 11:11
  show.
• 11:11
  If
• 11:11
  you've
• 11:11
  gotten
• 11:12
  anything
• 11:12
  out
• 11:12
  of
• 11:13
  the
• 11:13
  show,
• 11:13
  I
• 11:13
  would
• 11:13
  appreciate
• 11:13
  it
• 11:14
  if
• 11:14
  you
• 11:14
  went
• 11:14
  to
• 11:14
  anywhere
• 11:15
  that
• 11:15
  you
• 11:15
  listen
• 11:15
  to
• 11:16
  say
• 11:16
  Apple
• 11:16
  or
• 11:16
  Spotify
• 11:17
  or
• 11:17
  wherever
• 11:17
  and
• 11:18
  leave
• 11:18
  a
• 11:18
  five
• 11:18
  star
• 11:19
  review.
• 11:19
  Honestly,
• 11:20
  I
• 11:20
  really
• 11:20
  appreciate
• 11:20
  you
• 11:21
  leaving
• 11:21
  an
• 11:21
  honest
• 11:21
  review.
• 11:22
  I
• 11:22
  just
• 11:23
  love
• 11:23
  giving
• 11:23
  all
• 11:23
  this
• 11:24
  information
• 11:24
  out
• 11:24
  and
• 11:24
  I
• 11:24
  want
• 11:24
  to
• 11:25
  see
• 11:25
  you
• 11:25
  succeed.
• 11:25
  Also.
• 11:26
  Send
• 11:26
  this
• 11:26
  to
• 11:27
  one
• 11:27
  person,
• 11:28
  just
• 11:28
  tell
• 11:29
  one
• 11:29
  person
• 11:29
  and
• 11:29
  say,
• 11:30
  hey,
• 11:30
  Dustin
• 11:30
  wants
• 11:31
  to
• 11:31
  help
• 11:31
  a
• 11:31
  million
• 11:31
  people
• 11:31
  to
• 11:32
  invest
• 11:32
  in
• 11:32
  real
• 11:32
  estate.
• 11:33
  You
• 11:33
  need
• 11:33
  to
• 11:33
  listen
• 11:34
  to
• 11:34
  this
• 11:34
  because
• 11:34
  it's
• 11:34
  going
• 11:34
  to
• 11:34
  change
• 11:35
  your
• 11:35
  life.
• 11:35
  Lastly,
• 11:36
  get
• 11:36
  my
• 11:37
  real
• 11:37
  estate
• 11:37
  investment
• 11:37
  course
• 11:38
  completely
• 11:38
  for
• 11:38
  free.
• 11:39
  Text
• 11:39
  the
• 11:39
  word
• 11:40
  rental
• 11:40
  R
• 11:41
  E
• 11:41
  N
• 11:42
  T
• 11:42
  A
• 11:42
  L
• 11:43
  rental
• 11:43
  to
• 11:43
  33777
• 11:45
  rental
• 11:46
  to
• 11:46
  33777.
• 11:47
  I'll
• 11:48
  literally
• 11:48
  give
• 11:48
  you
• 11:48
  my
• 11:48
  course
• 11:49
  showing
• 11:49
  you
• 11:49
  everything
• 11:50
  in
• 11:50
  the
• 11:50
  business
• 11:51
  so
• 11:51
  that
• 11:51
  you
• 11:51
  can
• 11:51
  become
• 11:52
  financially
• 11:53
  independent.
• 11:54
  So
• 11:54
  if
• 11:54
  you're
• 11:54
  like
• 11:54
  me,
• 11:54
  funding
• 11:55
  your
• 11:56
  properties,
• 11:56
  funding
• 11:56
  your
• 11:57
  business
• 11:57
  to
• 11:57
  buy
• 11:57
  more
• 11:57
  properties
• 11:58
  is
• 11:58
  hard
• 11:59
  to
• 11:59
  do.
• 11:59
  It's
• 11:59
  hard
• 11:59
  to
• 11:59
  come
• 12:00
  up
• 12:00
  with
• 12:00
  the
• 12:00
  creative
• 12:01
  ways
• 12:01
  to
• 12:02
  buy
• 12:03
  properties.
• 12:03
  You
• 12:03
  know,
• 12:03
  it's
• 12:04
  also
• 12:04
  hard
• 12:04
  sometimes
• 12:05
  to
• 12:05
  get
• 12:05
  mortgages
• 12:06
  because
• 12:06
  they
• 12:06
  look
• 12:06
  at
• 12:07
  your
• 12:07
  debt
• 12:08
  to
• 12:08
  income
• 12:08
  ratio.
• 12:08
  They
• 12:09
  look
• 12:09
  at
• 12:09
  how
• 12:09
  much
• 12:10
  money
• 12:10
  you
• 12:10
  have
• 12:11
  that
• 12:11
  is
• 12:11
  coming
• 12:12
  in
• 12:12
  versus
• 12:13
  how
• 12:13
  much
• 12:13
  you
• 12:13
  have
• 12:14
  that
• 12:14
  is
• 12:14
  going
• 12:14
  out.
• 12:14
  You
• 12:15
  know,
• 12:15
  debt
• 12:15
  to
• 12:15
  income.
• 12:16
  But
• 12:17
  having
• 12:17
  the
• 12:18
  ability
• 12:18
  to
• 12:18
  finance
• 12:19
  your
• 12:19
  properties
• 12:20
  is
• 12:20
  absolutely
• 12:21
  amazing.
• 12:22
  Now
• 12:22
  what
• 12:22
  I
• 12:22
  want
• 12:23
  to
• 12:23
  do
• 12:23
  is
• 12:23
  I
• 12:23
  want
• 12:23
  to
• 12:23
  look
• 12:23
  at
• 12:24
  a
• 12:24
  few
• 12:24
  key
• 12:24
  ones
• 12:24
  that
• 12:25
  I've
• 12:25
  used
• 12:25
  in
• 12:25
  the
• 12:25
  past,
• 12:25
  but
• 12:26
  also
• 12:26
  give
• 12:26
  you
• 12:26
  other
• 12:27
  ones
• 12:27
  that
• 12:27
  people
• 12:27
  kind
• 12:28
  of
• 12:28
  overlook
• 12:29
  and
• 12:29
  they
• 12:30
  think
• 12:30
  maybe
• 12:30
  I
• 12:31
  shouldn't
• 12:31
  use
• 12:31
  this
• 12:32
  because
• 12:32
  it
• 12:32
  might
• 12:32
  be
• 12:32
  risky.
• 12:33
  Well,
• 12:33
  I'm
• 12:33
  going
• 12:33
  to
• 12:34
  tell
• 12:34
  you
• 12:34
  how
• 12:34
  I've
• 12:35
  used
• 12:35
  it
• 12:35
  in
• 12:35
  the
• 12:35
  past
• 12:35
  and
• 12:36
  how
• 12:36
  I've
• 12:36
  grown
• 12:37
  my
• 12:37
  business
• 12:38
  with
• 12:38
  funding.
• 12:39
  So
• 12:39
  there
• 12:40
  are
• 12:40
  many
• 12:40
  different
• 12:40
  ways.
• 12:40
  And
• 12:41
  so
• 12:41
  today,
• 12:41
  let's
• 12:42
  look
• 12:42
  at
• 12:42
  a
• 12:42
  few
• 12:42
  of
• 12:42
  them.
• 12:43
  Now.
• 12:44
  I've
• 12:44
  bought
• 12:44
  many
• 12:44
  properties.
• 12:46
  I've
• 12:46
  bought
• 12:46
  some
• 12:46
  with
• 12:46
  seller
• 12:47
  financing.
• 12:47
  I
• 12:48
  bought
• 12:48
  some
• 12:48
  with
• 12:48
  all
• 12:49
  cash.
• 12:49
  I
• 12:50
  bought
• 12:50
  some
• 12:50
  with
• 12:50
  a
• 12:51
  conventional
• 12:51
  mortgage,
• 12:52
  refinance
• 12:53
  money,
• 12:53
  pull
• 12:53
  out
• 12:53
  of
• 12:53
  properties
• 12:54
  and
• 12:54
  bought
• 12:54
  more
• 12:55
  properties.
• 12:56
  I've
• 12:56
  used
• 12:56
  hard
• 12:56
  money,
• 12:57
  used,
• 12:58
  you
• 12:58
  know,
• 12:59
  family
• 12:59
  members.
• 13:00
  I've
• 13:00
  used
• 13:00
  all
• 13:01
  the
• 13:01
  different
• 13:01
  types
• 13:01
  of
• 13:02
  ways
• 13:02
  to
• 13:02
  actually
• 13:03
  buy
• 13:03
  properties.
• 13:04
  Now
• 13:04
  here's
• 13:05
  another
• 13:05
  one.
• 13:05
  I
• 13:05
  actually
• 13:06
  used
• 13:06
  credit
• 13:06
  cards.
• 13:06
  I
• 13:07
  used
• 13:07
  a
• 13:07
  credit
• 13:07
  card
• 13:08
  to
• 13:08
  actually
• 13:08
  buy
• 13:09
  two
• 13:09
  properties.
• 13:10
  I'll
• 13:10
  tell
• 13:10
  you
• 13:10
  that.
• 13:11
  So
• 13:11
  I'll
• 13:11
  get
• 13:11
  into
• 13:12
  that
• 13:12
  in
• 13:12
  a
• 13:12
  little
• 13:12
  bit.
• 13:12
  But
• 13:13
  I've
• 13:14
  found
• 13:14
  that
• 13:14
  as
• 13:15
  a
• 13:15
  business
• 13:15
  owner,
• 13:16
  as
• 13:16
  an
• 13:16
  entrepreneur,
• 13:17
  I
• 13:17
  need
• 13:17
  to
• 13:18
  be
• 13:18
  creative.
• 13:18
  I
• 13:18
  need
• 13:18
  to
• 13:19
  make
• 13:19
  sure
• 13:19
  that
• 13:19
  I
• 13:19
  can
• 13:20
  solve
• 13:20
  problems
• 13:21
  that
• 13:22
  come
• 13:22
  up
• 13:23
  like
• 13:23
  finding
• 13:24
  money
• 13:24
  to
• 13:24
  be
• 13:25
  able
• 13:25
  to
• 13:25
  buy
• 13:25
  a
• 13:25
  property.
• 13:25
  You
• 13:26
  know,
• 13:26
  if
• 13:26
  I'm
• 13:27
  as
• 13:27
  I'm
• 13:27
  looking
• 13:27
  up
• 13:27
  many,
• 13:28
  many
• 13:28
  different
• 13:28
  types
• 13:28
  of
• 13:29
  deals
• 13:29
  and
• 13:29
  different
• 13:30
  ways
• 13:30
  that
• 13:30
  I
• 13:30
  can
• 13:30
  grow
• 13:31
  my
• 13:31
  business.
• 13:32
  Sometimes
• 13:32
  I
• 13:32
  get
• 13:32
  deals
• 13:33
  that
• 13:33
  I
• 13:33
  can't
• 13:33
  buy
• 13:34
  or
• 13:34
  I
• 13:34
  can't
• 13:35
  afford,
• 13:36
  you
• 13:36
  know,
• 13:36
  with
• 13:36
  a
• 13:36
  new
• 13:37
  mortgage
• 13:37
  or
• 13:38
  if
• 13:38
  I
• 13:38
  don't
• 13:38
  have
• 13:38
  cash
• 13:39
  or
• 13:39
  however
• 13:39
  it
• 13:39
  might
• 13:39
  be,
• 13:40
  I
• 13:40
  need
• 13:40
  to
• 13:40
  find
• 13:40
  out
• 13:41
  creative
• 13:41
  ways
• 13:42
  to
• 13:42
  buy
• 13:42
  a
• 13:42
  property.
• 13:43
  And
• 13:43
  other
• 13:43
  ones
• 13:44
  would
• 13:44
  be
• 13:44
  like
• 13:44
  even
• 13:44
  seller
• 13:45
  financing,
• 13:45
  talking
• 13:46
  to
• 13:46
  the
• 13:46
  seller
• 13:46
  and
• 13:46
  saying,
• 13:47
  hey,
• 13:47
  I
• 13:47
  can't
• 13:47
  buy
• 13:47
  the
• 13:48
  property.
• 13:48
  Or
• 13:49
  really
• 13:49
  say,
• 13:49
  you
• 13:49
  can't,
• 13:49
  but
• 13:50
  say,
• 13:50
  I
• 13:50
  would
• 13:51
  love
• 13:51
  to
• 13:51
  buy
• 13:51
  the
• 13:51
  property
• 13:52
  with
• 13:52
  your
• 13:53
  Seller
• 13:53
  financing,
• 13:54
  where
• 13:54
  I
• 13:54
  will
• 13:54
  pay
• 13:55
  you.
• 13:55
  You're
• 13:55
  basically
• 13:55
  the
• 13:56
  bank.
• 13:56
  You'll
• 13:56
  have
• 13:57
  no
• 13:57
  headaches,
• 13:57
  but
• 13:57
  I'll
• 13:57
  take
• 13:58
  care
• 13:58
  of
• 13:58
  the
• 13:58
  property
• 13:59
  as
• 13:59
  well
• 13:59
  as
• 13:59
  pay
• 14:00
  you.
• 14:00
  Just
• 14:00
  like
• 14:00
  you
• 14:00
  or
• 14:01
  the
• 14:01
  bank.
• 14:01
  You're
• 14:01
  going
• 14:01
  to
• 14:02
  be
• 14:02
  monthly
• 14:02
  making
• 14:03
  money
• 14:03
  every
• 14:03
  single
• 14:04
  month.
• 14:04
  And
• 14:04
  I
• 14:04
  will
• 14:05
  pay
• 14:05
  it
• 14:05
  off
• 14:05
  in,
• 14:06
  you
• 14:06
  know,
• 14:06
  10,
• 14:06
  20,
• 14:07
  30
• 14:07
  years
• 14:07
  or
• 14:07
  whatever
• 14:07
  it
• 14:07
  might
• 14:08
  be.
• 14:08
  So
• 14:08
  I'm
• 14:08
  jumping
• 14:08
  ahead
• 14:09
  of
• 14:09
  myself.
• 14:09
  So
• 14:10
  let's
• 14:10
  jump
• 14:10
  into
• 14:10
  a
• 14:11
  couple
• 14:12
  of
• 14:12
  my
• 14:12
  favorite
• 14:13
  ones.
• 14:13
  So
• 14:14
  if
• 14:14
  you
• 14:15
  have
• 14:15
  the
• 14:15
  ability
• 14:16
  to.
• 14:16
  Let's
• 14:16
  jump
• 14:17
  in.
• 14:17
  The
• 14:17
  first
• 14:17
  one.
• 14:18
  First
• 14:18
  one
• 14:18
  would
• 14:18
  be
• 14:18
  all
• 14:19
  cash.
• 14:19
  Now,
• 14:20
  I
• 14:20
  know
• 14:20
  everybody's
• 14:20
  saying,
• 14:21
  oh,
• 14:21
  man,
• 14:21
  yeah,
• 14:21
  if
• 14:21
  I
• 14:21
  had
• 14:22
  cash,
• 14:22
  I'd
• 14:22
  buy,
• 14:22
  you
• 14:23
  know,
• 14:23
  I'd
• 14:23
  buy
• 14:23
  everything
• 14:23
  if
• 14:24
  I
• 14:24
  could.
• 14:24
  But
• 14:25
  not
• 14:25
  all
• 14:25
  of
• 14:25
  us
• 14:26
  have
• 14:26
  cash.
• 14:26
  Well,
• 14:27
  I'm
• 14:27
  here
• 14:27
  to
• 14:27
  say
• 14:27
  that
• 14:27
  you
• 14:28
  don't
• 14:28
  need
• 14:28
  a
• 14:28
  ton
• 14:28
  of
• 14:29
  cash
• 14:29
  in
• 14:29
  order
• 14:30
  to
• 14:30
  buy
• 14:30
  a
• 14:31
  rental
• 14:31
  property.
• 14:31
  If
• 14:32
  you
• 14:32
  have
• 14:32
  cash,
• 14:33
  let's
• 14:33
  say
• 14:34
  you're
• 14:34
  working
• 14:34
  a
• 14:34
  normal
• 14:35
  job
• 14:35
  where
• 14:35
  you're
• 14:35
  saving
• 14:35
  hopefully
• 14:36
  $100
• 14:36
  a
• 14:37
  month.
• 14:37
  I
• 14:38
  encourage
• 14:38
  you.
• 14:38
  Some
• 14:38
  people
• 14:38
  might
• 14:39
  say,
• 14:39
  well,
• 14:39
  I
• 14:39
  can't
• 14:39
  save
• 14:40
  $100
• 14:40
  a
• 14:40
  month.
• 14:41
  Well,
• 14:41
  I'm
• 14:41
  going
• 14:41
  to
• 14:41
  say,
• 14:41
  cut
• 14:42
  out
• 14:42
  some
• 14:42
  things
• 14:42
  so
• 14:43
  that
• 14:43
  you
• 14:43
  can
• 14:43
  start
• 14:43
  some
• 14:44
  saving
• 14:44
  $100
• 14:45
  a
• 14:45
  month
• 14:46
  so
• 14:46
  that
• 14:46
  you
• 14:46
  can
• 14:46
  start
• 14:46
  putting
• 14:47
  your
• 14:47
  money
• 14:47
  away
• 14:47
  so
• 14:48
  that
• 14:48
  you
• 14:48
  can
• 14:48
  invest.
• 14:48
  Because
• 14:48
  if
• 14:49
  you're
• 14:49
  not
• 14:49
  saving
• 14:49
  money
• 14:49
  to
• 14:50
  invest,
• 14:50
  I'm
• 14:51
  going
• 14:51
  to
• 14:51
  say
• 14:51
  it's
• 14:51
  going
• 14:51
  to
• 14:51
  make
• 14:51
  it
• 14:52
  harder
• 14:52
  and
• 14:52
  harder
• 14:53
  for
• 14:53
  you
• 14:53
  to
• 14:53
  buy
• 14:53
  properties.
• 14:54
  And
• 14:54
  it's
• 14:54
  not.
• 14:54
  It's
• 14:55
  not
• 14:55
  impossible.
• 14:56
  You
• 14:56
  can
• 14:56
  absolutely
• 14:57
  buy
• 14:57
  properties
• 14:57
  with
• 14:58
  low
• 14:58
  and
• 14:58
  no
• 14:58
  money
• 14:59
  down.
• 14:59
  But
• 14:59
  it's
• 14:59
  just
• 15:00
  so
• 15:00
  much
• 15:00
  easier,
• 15:00
  I
• 15:01
  tell
• 15:01
  you,
• 15:01
  it's
• 15:01
  so
• 15:02
  much
• 15:02
  easier
• 15:02
  when
• 15:02
  you
• 15:03
  have
• 15:03
  cash.
• 15:03
  And
• 15:04
  so
• 15:04
  some
• 15:04
  people
• 15:04
  might
• 15:05
  think,
• 15:05
  well,
• 15:05
  I
• 15:05
  can't
• 15:05
  buy
• 15:05
  a
• 15:06
  house
• 15:06
  for
• 15:06
  $120,000.
• 15:07
  I
• 15:07
  don't
• 15:07
  have
• 15:07
  that
• 15:07
  in
• 15:08
  cash.
• 15:08
  Well,
• 15:08
  could
• 15:09
  you
• 15:09
  save
• 15:09
  up
• 15:09
  maybe
• 15:09
  $15,000?
• 15:11
  Yeah,
• 15:11
  you
• 15:11
  probably
• 15:11
  could.
• 15:12
  I
• 15:12
  know
• 15:12
  my
• 15:12
  wife
• 15:13
  and
• 15:13
  I,
• 15:13
  we
• 15:13
  first
• 15:13
  got
• 15:14
  married,
• 15:15
  you
• 15:15
  know,
• 15:15
  really,
• 15:16
  really
• 15:16
  poor.
• 15:16
  Didn't
• 15:17
  have
• 15:17
  much
• 15:17
  money,
• 15:18
  but
• 15:18
  she
• 15:18
  got
• 15:18
  some.
• 15:19
  Some
• 15:20
  money.
• 15:20
  When
• 15:20
  we
• 15:21
  got
• 15:21
  married,
• 15:21
  she
• 15:22
  also
• 15:22
  got
• 15:22
  some
• 15:22
  inheritance.
• 15:23
  And
• 15:23
  we
• 15:23
  had
• 15:23
  $17,000
• 15:24
  to
• 15:24
  her
• 15:24
  name.
• 15:25
  And
• 15:25
  we
• 15:26
  thought,
• 15:26
  well,
• 15:26
  I
• 15:26
  thought
• 15:27
  I
• 15:27
  said,
• 15:27
  babe,
• 15:28
  I
• 15:28
  really
• 15:28
  want
• 15:28
  to
• 15:29
  start
• 15:29
  investing
• 15:29
  in
• 15:29
  rental
• 15:30
  properties.
• 15:30
  I
• 15:30
  see
• 15:30
  the
• 15:30
  future
• 15:31
  of
• 15:31
  us
• 15:31
  owning
• 15:32
  many
• 15:32
  rental
• 15:32
  properties
• 15:33
  and
• 15:33
  me
• 15:33
  not
• 15:33
  having
• 15:34
  to
• 15:34
  work
• 15:34
  a
• 15:34
  job,
• 15:34
  you
• 15:35
  being
• 15:35
  able
• 15:35
  to
• 15:35
  stay
• 15:35
  home
• 15:36
  and
• 15:36
  homeschool
• 15:36
  the
• 15:37
  kids
• 15:37
  like
• 15:37
  you
• 15:37
  want
• 15:37
  to
• 15:37
  and
• 15:38
  things
• 15:38
  like
• 15:38
  that.
• 15:38
  And
• 15:39
  so
• 15:39
  that
• 15:39
  we
• 15:39
  can
• 15:39
  free
• 15:39
  up
• 15:40
  our
• 15:40
  time
• 15:40
  and
• 15:40
  free
• 15:40
  up
• 15:42
  basically
• 15:42
  control
• 15:42
  over
• 15:43
  our
• 15:43
  lives.
• 15:43
  So
• 15:43
  we
• 15:44
  control
• 15:44
  our
• 15:44
  lives.
• 15:45
  And
• 15:45
  so
• 15:45
  I
• 15:45
  took
• 15:45
  that
• 15:46
  $17,000
• 15:47
  and
• 15:47
  put
• 15:47
  that
• 15:48
  down
• 15:48
  on
• 15:49
  one
• 15:49
  property,
• 15:49
  that
• 15:50
  one
• 15:50
  property
• 15:50
  started
• 15:51
  bringing
• 15:51
  in
• 15:51
  $525
• 15:52
  a
• 15:53
  month.
• 15:53
  And
• 15:54
  if
• 15:54
  you
• 15:54
  do
• 15:54
  the
• 15:55
  math,
• 15:55
  after
• 15:55
  about
• 15:55
  three,
• 15:55
  a
• 15:55
  little
• 15:56
  over
• 15:56
  three
• 15:56
  years,
• 15:56
  I
• 15:57
  get
• 15:57
  every
• 15:57
  bit
• 15:57
  of
• 15:58
  my
• 15:58
  money
• 15:58
  back.
• 15:58
  And
• 15:58
  then
• 15:59
  all
• 16:00
  the
• 16:00
  money
• 16:00
  on
• 16:00
  top
• 16:00
  of
• 16:00
  that
• 16:01
  is
• 16:01
  gravy.
• 16:02
  That's
• 16:02
  basically
• 16:02
  all
• 16:03
  money
• 16:04
  on
• 16:04
  top
• 16:04
  of
• 16:05
  how
• 16:05
  much
• 16:05
  I
• 16:05
  put
• 16:05
  into
• 16:05
  it.
• 16:06
  So
• 16:06
  I
• 16:07
  took
• 16:07
  $17,000.
• 16:08
  Now
• 16:08
  I've
• 16:09
  also
• 16:09
  bought
• 16:09
  properties.
• 16:10
  Now
• 16:10
  this
• 16:10
  is
• 16:10
  back
• 16:11
  in
• 16:11
  2010
• 16:11
  when
• 16:12
  the
• 16:12
  market
• 16:12
  was
• 16:13
  completely,
• 16:14
  you
• 16:14
  know,
• 16:14
  down
• 16:15
  and
• 16:15
  everything
• 16:15
  was
• 16:15
  going
• 16:16
  bad.
• 16:17
  Banks
• 16:17
  were
• 16:17
  just
• 16:17
  trying
• 16:17
  to
• 16:18
  give
• 16:18
  away
• 16:18
  properties.
• 16:19
  I
• 16:19
  bought
• 16:19
  even
• 16:19
  another
• 16:20
  house
• 16:20
  for
• 16:21
  $6,500
• 16:22
  that
• 16:22
  rents
• 16:23
  out
• 16:23
  for
• 16:23
  $475.
• 16:25
  I
• 16:26
  still
• 16:26
  believe
• 16:27
  I
• 16:27
  still
• 16:27
  own
• 16:27
  that.
• 16:27
  I
• 16:27
  bought
• 16:28
  another
• 16:28
  one
• 16:28
  for
• 16:28
  $7,800.
• 16:30
  So
• 16:30
  you
• 16:30
  don't
• 16:30
  need
• 16:30
  a
• 16:30
  lot
• 16:31
  of
• 16:31
  money
• 16:31
  to
• 16:31
  buy
• 16:31
  your
• 16:31
  first
• 16:32
  rental
• 16:32
  property.
• 16:33
  There
• 16:33
  are
• 16:33
  plenty
• 16:33
  of
• 16:34
  places
• 16:34
  in
• 16:34
  the
• 16:34
  country
• 16:35
  where
• 16:35
  you
• 16:35
  can
• 16:35
  buy
• 16:36
  them
• 16:36
  for
• 16:36
  relatively
• 16:37
  low.
• 16:37
  Now
• 16:37
  they're
• 16:37
  going
• 16:37
  to
• 16:37
  be
• 16:37
  older
• 16:38
  homes.
• 16:38
  And
• 16:39
  I
• 16:39
  have
• 16:39
  another
• 16:39
  podcast
• 16:40
  coming
• 16:40
  up
• 16:40
  that
• 16:40
  I'm
• 16:41
  going
• 16:41
  to
• 16:41
  be
• 16:41
  talking
• 16:41
  about
• 16:42
  the
• 16:42
  good
• 16:42
  and
• 16:43
  bad
• 16:43
  about
• 16:43
  a
• 16:43
  cheap
• 16:43
  rental
• 16:44
  property.
• 16:44
  You
• 16:44
  know,
• 16:44
  the
• 16:44
  $15,000,
• 16:45
  the
• 16:45
  $10,000
• 16:46
  properties,
• 16:46
  because
• 16:47
  there's
• 16:47
  some
• 16:47
  good
• 16:48
  and
• 16:48
  bad
• 16:48
  things
• 16:48
  about
• 16:48
  it.
• 16:48
  And
• 16:48
  I've
• 16:49
  definitely
• 16:49
  learned
• 16:50
  my
• 16:50
  lessons
• 16:51
  with
• 16:51
  the
• 16:51
  school
• 16:51
  of
• 16:51
  hard
• 16:52
  knocks
• 16:52
  trying
• 16:52
  to
• 16:52
  figure
• 16:52
  out
• 16:53
  how
• 16:53
  to
• 16:53
  actually
• 16:53
  make
• 16:54
  money
• 16:54
  with
• 16:54
  these
• 16:54
  really,
• 16:55
  really
• 16:55
  low
• 16:55
  priced
• 16:56
  properties.
• 16:56
  But
• 16:57
  you
• 16:57
  can
• 16:57
  absolutely
• 16:58
  make
• 16:58
  money
• 16:59
  and
• 16:59
  make
• 16:59
  good
• 16:59
  money
• 17:00
  with
• 17:00
  these
• 17:00
  really
• 17:01
  low
• 17:03
  cost
• 17:03
  properties.
• 17:04
  So
• 17:04
  like
• 17:05
  I
• 17:05
  said,
• 17:05
  I
• 17:05
  bought
• 17:05
  my
• 17:05
  first
• 17:06
  house
• 17:06
  for
• 17:06
  17,000.
• 17:07
  Bought
• 17:07
  my
• 17:07
  next
• 17:08
  one,
• 17:08
  I
• 17:08
  think
• 17:08
  it
• 17:08
  was
• 17:09
  15,000.
• 17:10
  Next
• 17:10
  one
• 17:10
  after
• 17:10
  that
• 17:10
  was
• 17:11
  like
• 17:11
  12,000.
• 17:11
  So
• 17:11
  it
• 17:11
  got
• 17:12
  lower
• 17:12
  and
• 17:12
  lower
• 17:12
  every
• 17:13
  time.
• 17:14
  But
• 17:14
  right
• 17:15
  now,
• 17:15
  you
• 17:15
  can
• 17:15
  still
• 17:15
  find
• 17:16
  properties.
• 17:16
  Right
• 17:17
  now
• 17:17
  when
• 17:17
  I'm
• 17:17
  recording
• 17:18
  this,
• 17:18
  this
• 17:18
  is
• 17:18
  2018,
• 17:19
  this
• 17:20
  March
• 17:20
  of
• 17:21
  2018,
• 17:21
  and
• 17:22
  you
• 17:22
  can
• 17:22
  still
• 17:23
  buy
• 17:23
  properties
• 17:24
  that
• 17:25
  are
• 17:26
  low
• 17:26
  cost,
• 17:27
  which
• 17:27
  would
• 17:27
  be,
• 17:27
  you
• 17:27
  know,
• 17:28
  $15,000.
• 17:29
  You
• 17:29
  can
• 17:29
  still
• 17:29
  buy
• 17:29
  them
• 17:30
  for
• 17:30
  cash
• 17:30
  and
• 17:30
  still
• 17:30
  make
• 17:31
  money
• 17:31
  every
• 17:31
  single
• 17:32
  month.
• 17:32
  Now
• 17:32
  you
• 17:32
  got
• 17:32
  to
• 17:33
  look
• 17:33
  for
• 17:33
  them,
• 17:33
  you
• 17:33
  got
• 17:33
  to
• 17:34
  build
• 17:34
  your
• 17:34
  business
• 17:34
  around
• 17:34
  it.
• 17:35
  I've
• 17:36
  done
• 17:36
  a
• 17:36
  lot
• 17:36
  of
• 17:36
  work
• 17:37
  to
• 17:37
  actually
• 17:37
  build
• 17:37
  my
• 17:37
  business
• 17:37
  where
• 17:38
  I'm
• 17:38
  actually
• 17:38
  making
• 17:38
  money
• 17:38
  and
• 17:39
  not
• 17:39
  losing
• 17:39
  money.
• 17:40
  Because
• 17:41
  having
• 17:41
  these
• 17:42
  cheaper
• 17:42
  properties
• 17:42
  do
• 17:42
  take
• 17:43
  a
• 17:43
  lot
• 17:43
  more
• 17:43
  work,
• 17:43
  which
• 17:43
  we'll
• 17:44
  have
• 17:44
  to
• 17:44
  get
• 17:44
  into.
• 17:44
  And
• 17:44
  like
• 17:45
  I
• 17:45
  said
• 17:45
  in
• 17:45
  the
• 17:45
  other
• 17:46
  lesson,
• 17:46
  other
• 17:47
  podcast,
• 17:47
  so
• 17:47
  what
• 17:48
  I
• 17:48
  want
• 17:48
  you
• 17:48
  to
• 17:48
  do
• 17:48
  is
• 17:48
  think
• 17:49
  about
• 17:49
  other
• 17:49
  ways
• 17:50
  that
• 17:50
  you
• 17:50
  can
• 17:51
  use
• 17:51
  your
• 17:51
  money
• 17:52
  for
• 17:52
  all
• 17:52
  cash
• 17:53
  if
• 17:54
  it's
• 17:54
  possible
• 17:54
  for
• 17:54
  you.
• 17:55
  Save
• 17:55
  up
• 17:56
  your
• 17:56
  money,
• 17:56
  $100
• 17:57
  every
• 17:57
  single
• 17:57
  month,
• 17:57
  save
• 17:58
  up
• 17:58
  your
• 17:58
  money.
• 17:58
  Maybe
• 17:58
  if
• 17:59
  you
• 17:59
  get
• 17:59
  an
• 17:59
  inheritance
• 17:59
  or
• 18:00
  something
• 18:00
  like
• 18:00
  that,
• 18:00
  just
• 18:01
  get
• 18:01
  that
• 18:01
  first
• 18:01
  property.
• 18:02
  Because
• 18:02
  I'm
• 18:03
  going
• 18:03
  to
• 18:03
  tell
• 18:03
  you
• 18:03
  right
• 18:03
  now,
• 18:04
  every
• 18:04
  investor
• 18:04
  knows
• 18:05
  getting
• 18:05
  that
• 18:05
  first
• 18:05
  property
• 18:06
  is
• 18:06
  always
• 18:06
  the
• 18:06
  hardest.
• 18:07
  And
• 18:07
  Then
• 18:07
  once
• 18:07
  you
• 18:07
  get
• 18:08
  the
• 18:08
  second
• 18:08
  property,
• 18:09
  you
• 18:09
  will
• 18:09
  start
• 18:10
  realizing
• 18:10
  how
• 18:10
  easy
• 18:11
  it
• 18:11
  is.
• 18:11
  You
• 18:11
  know,
• 18:11
  the
• 18:12
  first
• 18:12
  property
• 18:12
  is
• 18:12
  the
• 18:12
  hardest.
• 18:13
  After
• 18:13
  you
• 18:13
  have
• 18:13
  that
• 18:13
  one,
• 18:14
  second
• 18:14
  property
• 18:14
  will
• 18:14
  come
• 18:14
  even
• 18:15
  faster.
• 18:15
  Third
• 18:15
  property
• 18:16
  come
• 18:16
  even
• 18:16
  faster
• 18:16
  than
• 18:17
  that.
• 18:17
  Fourth,
• 18:18
  fifth
• 18:18
  and
• 18:19
  big
• 18:19
  snowball
• 18:20
  that
• 18:20
  keeps
• 18:20
  going
• 18:20
  downhill,
• 18:21
  that'll
• 18:22
  go
• 18:22
  faster
• 18:22
  and
• 18:23
  faster
• 18:23
  and
• 18:23
  faster
• 18:24
  and
• 18:24
  faster.
• 18:24
  So
• 18:25
  that
• 18:25
  as
• 18:25
  soon
• 18:26
  as
• 18:26
  you,
• 18:27
  before
• 18:27
  you
• 18:27
  even
• 18:27
  realize
• 18:28
  it,
• 18:28
  all
• 18:28
  of
• 18:28
  a
• 18:28
  sudden
• 18:28
  you're
• 18:28
  making
• 18:28
  so
• 18:29
  much
• 18:29
  money,
• 18:29
  you
• 18:29
  can't
• 18:29
  stop
• 18:30
  it
• 18:30
  from
• 18:30
  coming
• 18:30
  in
• 18:31
  every
• 18:31
  single
• 18:31
  month.
• 18:32
  You're
• 18:32
  just
• 18:32
  making
• 18:32
  money.
• 18:33
  Where
• 18:33
  I
• 18:33
  realized,
• 18:33
  hey,
• 18:34
  I
• 18:34
  have
• 18:34
  so
• 18:34
  much
• 18:34
  money
• 18:34
  coming
• 18:35
  in,
• 18:35
  I'm
• 18:35
  just
• 18:35
  going
• 18:35
  to
• 18:35
  quit
• 18:36
  my
• 18:36
  job.
• 18:36
  I
• 18:36
  don't
• 18:36
  need
• 18:36
  my
• 18:36
  job,
• 18:37
  I
• 18:37
  don't
• 18:37
  need
• 18:37
  the
• 18:37
  income.
• 18:38
  Praise
• 18:38
  the
• 18:38
  Lord.
• 18:38
  So
• 18:39
  I
• 18:39
  said,
• 18:39
  I'm
• 18:39
  done.
• 18:40
  I'm
• 18:40
  not
• 18:40
  working
• 18:40
  another
• 18:40
  day
• 18:41
  of
• 18:41
  my
• 18:41
  life.
• 18:42
  So
• 18:42
  that's
• 18:43
  all
• 18:43
  cash.
• 18:43
  Now
• 18:44
  I'm
• 18:44
  going
• 18:44
  to
• 18:44
  encourage
• 18:44
  you
• 18:45
  that
• 18:45
  you
• 18:45
  can
• 18:45
  put
• 18:46
  that
• 18:46
  all
• 18:46
  cash
• 18:47
  down
• 18:47
  and
• 18:47
  buy
• 18:48
  those
• 18:48
  cheaper
• 18:48
  properties.
• 18:49
  But
• 18:49
  there's
• 18:49
  also
• 18:49
  another
• 18:49
  way
• 18:50
  which
• 18:50
  gets
• 18:50
  me
• 18:50
  into
• 18:51
  my
• 18:51
  next
• 18:52
  one
• 18:52
  would
• 18:52
  be
• 18:53
  a
• 18:53
  conventional
• 18:53
  mortgage.
• 18:54
  Now
• 18:54
  let's
• 18:54
  say
• 18:54
  you
• 18:55
  had
• 18:55
  that
• 18:56
  $10,000.
• 18:56
  If
• 18:57
  you
• 18:57
  bought
• 18:57
  a
• 18:57
  $10,000
• 18:58
  property
• 18:59
  for
• 18:59
  the
• 18:59
  cash,
• 19:00
  all
• 19:01
  out,
• 19:01
  all
• 19:02
  in
• 19:02
  is
• 19:02
  $10,000.
• 19:03
  You
• 19:03
  bought
• 19:03
  the
• 19:03
  property
• 19:04
  for
• 19:04
  $10,000
• 19:04
  in
• 19:05
  cash,
• 19:05
  no
• 19:05
  other
• 19:05
  money,
• 19:06
  you
• 19:06
  know,
• 19:06
  no
• 19:06
  mortgage
• 19:07
  on
• 19:07
  top
• 19:07
  of
• 19:07
  it.
• 19:07
  Well,
• 19:08
  that's
• 19:08
  definitely
• 19:10
  a
• 19:10
  great
• 19:10
  deal.
• 19:11
  But
• 19:11
  what
• 19:11
  if
• 19:12
  you
• 19:12
  bought
• 19:12
  a
• 19:13
  bigger
• 19:13
  home,
• 19:13
  a
• 19:13
  better
• 19:14
  home,
• 19:14
  a
• 19:14
  newer
• 19:14
  home
• 19:15
  that
• 19:15
  doesn't
• 19:15
  take
• 19:15
  as
• 19:15
  much
• 19:15
  to
• 19:16
  fix
• 19:16
  up.
• 19:16
  You
• 19:16
  know,
• 19:17
  you
• 19:17
  bought
• 19:17
  a
• 19:17
  $100,000
• 19:18
  house,
• 19:18
  but
• 19:19
  you
• 19:19
  put
• 19:19
  that
• 19:19
  $10,000
• 19:20
  down
• 19:20
  on
• 19:21
  the
• 19:21
  hundred
• 19:21
  thousand
• 19:22
  dollar
• 19:22
  house
• 19:22
  while
• 19:23
  you're
• 19:23
  using
• 19:24
  other
• 19:24
  people's
• 19:24
  money,
• 19:25
  which
• 19:25
  I
• 19:25
  will
• 19:25
  say
• 19:26
  is
• 19:26
  a
• 19:26
  great
• 19:26
  thing
• 19:27
  about
• 19:27
  rental
• 19:27
  properties,
• 19:28
  you
• 19:28
  can
• 19:28
  use
• 19:29
  other
• 19:29
  people's
• 19:30
  money
• 19:30
  to
• 19:30
  buy
• 19:31
  properties
• 19:31
  and
• 19:32
  make
• 19:32
  cash
• 19:33
  flow
• 19:33
  every
• 19:34
  single
• 19:35
  month.
• 19:35
  And
• 19:36
  so
• 19:36
  over
• 19:36
  a
• 19:37
  30
• 19:37
  year
• 19:37
  span
• 19:39
  period
• 19:39
  of
• 19:39
  time,
• 19:40
  you're
• 19:40
  basically
• 19:40
  having
• 19:41
  your
• 19:41
  tenant
• 19:41
  pay
• 19:42
  for
• 19:42
  the
• 19:42
  mortgage.
• 19:43
  Most
• 19:44
  mortgages
• 19:44
  are
• 19:45
  30
• 19:45
  year
• 19:45
  fixed
• 19:46
  mortgage.
• 19:46
  And
• 19:47
  the
• 19:47
  30
• 19:47
  year
• 19:47
  fixed
• 19:47
  mortgage
• 19:48
  is
• 19:49
  going
• 19:49
  to
• 19:49
  be,
• 19:50
  you
• 19:50
  know,
• 19:50
  the
• 19:50
  normal
• 19:51
  payments
• 19:51
  are
• 19:51
  lower
• 19:52
  than
• 19:52
  like
• 19:52
  a
• 19:52
  15
• 19:53
  or
• 19:53
  a
• 19:53
  20
• 19:53
  year
• 19:53
  mortgage.
• 19:54
  So
• 19:55
  your
• 19:55
  30
• 19:55
  year
• 19:55
  fixed
• 19:56
  mortgage
• 19:56
  will
• 19:56
  probably
• 19:57
  be,
• 19:57
  if
• 19:58
  you
• 19:58
  buy
• 19:58
  a
• 19:58
  $100,000
• 19:59
  house,
• 20:00
  somewhere
• 20:00
  around
• 20:00
  $400
• 20:01
  a
• 20:01
  month,
• 20:01
  maybe
• 20:02
  $500
• 20:02
  a
• 20:02
  month
• 20:03
  at
• 20:03
  the
• 20:03
  very
• 20:03
  most.
• 20:04
  Then
• 20:04
  you
• 20:04
  tack
• 20:05
  on
• 20:05
  your
• 20:05
  taxes,
• 20:06
  your
• 20:07
  insurance,
• 20:08
  your
• 20:08
  property
• 20:09
  manager
• 20:09
  fees,
• 20:10
  things
• 20:10
  like
• 20:10
  that.
• 20:10
  And
• 20:11
  then
• 20:11
  if
• 20:11
  you
• 20:11
  rent
• 20:11
  it
• 20:11
  out
• 20:12
  for
• 20:12
  $1,200
• 20:12
  a
• 20:12
  month,
• 20:13
  you're
• 20:13
  probably
• 20:13
  going
• 20:13
  to
• 20:13
  be
• 20:13
  making
• 20:14
  at
• 20:14
  least
• 20:14
  250
• 20:15
  to
• 20:15
  $300
• 20:15
  a
• 20:16
  month.
• 20:16
  I
• 20:16
  have
• 20:16
  plenty
• 20:16
  of
• 20:16
  properties
• 20:17
  that
• 20:17
  I
• 20:17
  make
• 20:18
  over
• 20:18
  $350
• 20:19
  a
• 20:19
  month
• 20:19
  because
• 20:20
  I
• 20:20
  bought
• 20:20
  it,
• 20:21
  right?
• 20:21
  I
• 20:21
  bought
• 20:22
  it
• 20:22
  lower
• 20:22
  than
• 20:24
  the
• 20:25
  normal
• 20:25
  market
• 20:25
  value.
• 20:26
  And
• 20:26
  then
• 20:27
  because
• 20:27
  of
• 20:28
  the
• 20:29
  rent
• 20:29
  coming
• 20:29
  in,
• 20:30
  I
• 20:30
  have,
• 20:30
  you
• 20:30
  know,
• 20:31
  $1,500
• 20:31
  or
• 20:31
  $1,600
• 20:32
  coming
• 20:32
  in.
• 20:33
  My
• 20:33
  expenses
• 20:34
  are
• 20:34
  around
• 20:35
  $1,000.
• 20:35
  I'm
• 20:36
  making
• 20:36
  $600
• 20:37
  a
• 20:37
  month.
• 20:37
  It's
• 20:37
  just
• 20:37
  fantastic
• 20:38
  to
• 20:38
  be
• 20:38
  able
• 20:38
  to
• 20:38
  make
• 20:39
  that
• 20:39
  much
• 20:39
  money.
• 20:40
  So
• 20:41
  imagine
• 20:41
  putting
• 20:41
  that
• 20:41
  $10,000
• 20:42
  down,
• 20:43
  buying
• 20:43
  a
• 20:43
  $100,000
• 20:44
  house
• 20:45
  with
• 20:45
  that
• 20:45
  10,000
• 20:45
  years
• 20:46
  and
• 20:46
  somebody
• 20:46
  else's
• 20:46
  money.
• 20:47
  Now
• 20:47
  here's
• 20:47
  a
• 20:47
  great
• 20:48
  thing.
• 20:48
  The
• 20:48
  tenant
• 20:49
  is
• 20:49
  actually
• 20:50
  paying
• 20:50
  off
• 20:50
  the
• 20:51
  rest
• 20:51
  of
• 20:51
  that
• 20:51
  house.
• 20:52
  Now
• 20:52
  you
• 20:52
  still
• 20:53
  owe
• 20:53
  $90,000,
• 20:54
  right?
• 20:55
  You
• 20:55
  put,
• 20:55
  you
• 20:55
  buy
• 20:56
  a
• 20:56
  hundred
• 20:56
  thousand
• 20:56
  dollar
• 20:56
  house,
• 20:57
  you
• 20:57
  put
• 20:57
  $10,000
• 20:58
  down.
• 20:59
  Now
• 20:59
  you
• 20:59
  still
• 20:59
  owe
• 21:00
  $90,000.
• 21:00
  But
• 21:01
  the
• 21:01
  beauty
• 21:01
  of
• 21:01
  it
• 21:01
  is
• 21:02
  your
• 21:02
  tenant
• 21:03
  is
• 21:03
  paying
• 21:03
  that
• 21:04
  $90,000.
• 21:05
  Can
• 21:05
  you
• 21:05
  believe
• 21:05
  that?
• 21:06
  They're
• 21:07
  paying
• 21:07
  it
• 21:07
  off.
• 21:07
  So
• 21:07
  every
• 21:07
  single
• 21:08
  time
• 21:08
  you
• 21:08
  get
• 21:09
  your
• 21:09
  rent
• 21:09
  check,
• 21:10
  you
• 21:10
  make
• 21:10
  a
• 21:10
  payment
• 21:11
  to
• 21:11
  the
• 21:11
  mortgage.
• 21:12
  And
• 21:12
  the
• 21:13
  mortgage
• 21:13
  company
• 21:13
  or
• 21:14
  the
• 21:14
  bank,
• 21:14
  they
• 21:14
  take
• 21:15
  your
• 21:15
  money
• 21:15
  and
• 21:15
  they
• 21:16
  knock
• 21:16
  off
• 21:16
  another
• 21:16
  month
• 21:17
  payment.
• 21:17
  And
• 21:18
  what
• 21:18
  happens
• 21:18
  is
• 21:18
  after
• 21:19
  those
• 21:19
  30
• 21:19
  years,
• 21:20
  you
• 21:21
  own
• 21:21
  the
• 21:21
  property,
• 21:22
  but
• 21:22
  you
• 21:22
  only
• 21:23
  paid
• 21:23
  10,000
• 21:23
  for
• 21:24
  the
• 21:24
  property.
• 21:25
  And
• 21:25
  the
• 21:25
  tenant
• 21:26
  paid
• 21:26
  for
• 21:26
  the
• 21:27
  rest
• 21:27
  of
• 21:27
  that
• 21:27
  property.
• 21:28
  They
• 21:28
  pay
• 21:28
  for
• 21:28
  all
• 21:29
  the
• 21:29
  principal,
• 21:29
  all
• 21:29
  the
• 21:30
  interest,
• 21:30
  all
• 21:30
  the
• 21:31
  taxes,
• 21:31
  all
• 21:31
  the
• 21:31
  expenses,
• 21:32
  and
• 21:32
  you
• 21:32
  still
• 21:32
  made
• 21:32
  money
• 21:33
  every
• 21:33
  single
• 21:34
  month.
• 21:34
  So
• 21:34
  getting
• 21:35
  a
• 21:35
  conventional
• 21:35
  mortgage
• 21:36
  is
• 21:36
  a
• 21:37
  great
• 21:37
  way.
• 21:37
  Usually
• 21:38
  you
• 21:38
  have
• 21:38
  to
• 21:38
  put
• 21:38
  around
• 21:38
  20%
• 21:39
  down
• 21:39
  to
• 21:40
  buy
• 21:40
  a
• 21:40
  property.
• 21:42
  There
• 21:42
  have
• 21:42
  been,
• 21:42
  I've
• 21:43
  actually
• 21:43
  bought
• 21:43
  properties
• 21:44
  where
• 21:44
  I
• 21:44
  put
• 21:44
  10%
• 21:45
  down,
• 21:45
  got
• 21:46
  a
• 21:46
  10%
• 21:46
  loan
• 21:47
  as
• 21:47
  well
• 21:47
  as
• 21:47
  an
• 21:48
  80%
• 21:48
  loan
• 21:48
  on
• 21:49
  top
• 21:49
  of
• 21:49
  that.
• 21:49
  So
• 21:49
  it
• 21:49
  was,
• 21:49
  you
• 21:50
  know,
• 21:50
  80,
• 21:50
  10,
• 21:51
  10.
• 21:51
  Those
• 21:52
  are
• 21:52
  really
• 21:52
  hard
• 21:52
  to
• 21:52
  come
• 21:53
  by.
• 21:53
  Now
• 21:53
  banks
• 21:54
  don't
• 21:54
  like
• 21:54
  giving
• 21:54
  those
• 21:54
  out
• 21:55
  or
• 21:55
  if
• 21:56
  they,
• 21:56
  even
• 21:56
  if
• 21:56
  they
• 21:56
  can.
• 21:57
  But
• 21:57
  I
• 21:57
  have
• 21:57
  bought
• 21:57
  properties
• 21:58
  with
• 21:58
  that.
• 21:58
  So
• 21:59
  there
• 21:59
  are
• 21:59
  creative
• 22:00
  ways
• 22:00
  to
• 22:01
  use
• 22:01
  money
• 22:02
  to
• 22:02
  get
• 22:02
  a
• 22:02
  conventional
• 22:03
  mortgage
• 22:03
  and
• 22:04
  use
• 22:04
  the
• 22:04
  bank's
• 22:05
  money
• 22:05
  to
• 22:05
  buy
• 22:06
  a
• 22:06
  property.
• 22:06
  Now
• 22:06
  what
• 22:07
  I
• 22:07
  would
• 22:07
  suggest,
• 22:07
  if
• 22:07
  you're
• 22:08
  into,
• 22:08
  if
• 22:08
  you
• 22:09
  want
• 22:09
  to
• 22:09
  look
• 22:09
  for
• 22:09
  this,
• 22:10
  call
• 22:11
  at
• 22:11
  least
• 22:11
  four
• 22:11
  or
• 22:11
  five
• 22:12
  different
• 22:13
  mortgage
• 22:13
  brokers,
• 22:14
  talk
• 22:14
  to
• 22:14
  them
• 22:14
  and
• 22:15
  say,
• 22:15
  this
• 22:15
  is
• 22:15
  what
• 22:16
  I
• 22:16
  want
• 22:16
  to
• 22:16
  do.
• 22:16
  I
• 22:16
  have
• 22:16
  this
• 22:17
  property.
• 22:17
  You
• 22:17
  basically
• 22:18
  explain
• 22:18
  the
• 22:18
  deal.
• 22:18
  I
• 22:18
  have
• 22:18
  this
• 22:19
  property,
• 22:19
  I
• 22:19
  have
• 22:20
  this
• 22:20
  much
• 22:20
  money
• 22:20
  to
• 22:20
  put
• 22:20
  down.
• 22:21
  How
• 22:21
  can
• 22:22
  you
• 22:22
  get
• 22:22
  me
• 22:22
  the
• 22:23
  funding?
• 22:23
  Some
• 22:23
  people
• 22:24
  might
• 22:24
  say,
• 22:24
  or
• 22:24
  some
• 22:24
  mortgage
• 22:25
  brokers
• 22:25
  might
• 22:25
  quickly
• 22:26
  say,
• 22:26
  well,
• 22:26
  I
• 22:26
  can't,
• 22:27
  I
• 22:27
  need
• 22:27
  20%
• 22:27
  down.
• 22:28
  You
• 22:28
  know,
• 22:28
  they'll
• 22:29
  say,
• 22:29
  okay,
• 22:29
  we're
• 22:29
  done.
• 22:29
  But
• 22:30
  I
• 22:30
  have
• 22:30
  found
• 22:30
  that
• 22:31
  you're
• 22:31
  going
• 22:31
  to
• 22:31
  find
• 22:32
  property
• 22:32
  or
• 22:33
  sorry,
• 22:33
  not
• 22:33
  property
• 22:33
  managers,
• 22:34
  you'll
• 22:34
  find
• 22:35
  mortgage
• 22:35
  brokers
• 22:36
  that
• 22:36
  have
• 22:36
  actually
• 22:36
  been
• 22:37
  able
• 22:37
  to
• 22:37
  pull
• 22:37
  these
• 22:37
  things
• 22:37
  off.
• 22:38
  And
• 22:38
  the
• 22:38
  banks
• 22:39
  are
• 22:39
  fine
• 22:39
  with
• 22:39
  it
• 22:39
  because
• 22:39
  they
• 22:40
  have
• 22:40
  their
• 22:40
  own
• 22:40
  criterias.
• 22:41
  Every
• 22:41
  Mortgage
• 22:42
  broker.
• 22:42
  And
• 22:43
  every
• 22:43
  bank
• 22:44
  have
• 22:44
  their
• 22:44
  own
• 22:45
  criteria
• 22:46
  for
• 22:46
  what
• 22:46
  type
• 22:46
  of
• 22:47
  loans
• 22:47
  they
• 22:47
  give.
• 22:47
  Some
• 22:48
  are
• 22:48
  more
• 22:48
  strict
• 22:48
  than
• 22:48
  others.
• 22:49
  Some
• 22:50
  banks
• 22:50
  are
• 22:50
  very
• 22:51
  strict,
• 22:51
  meaning
• 22:52
  they
• 22:52
  don't
• 22:52
  want,
• 22:52
  they
• 22:53
  try
• 22:53
  not
• 22:53
  to
• 22:53
  lose
• 22:54
  money,
• 22:54
  they
• 22:54
  try
• 22:54
  not
• 22:54
  to
• 22:54
  give
• 22:55
  risky
• 22:55
  loans
• 22:56
  out.
• 22:57
  And
• 22:57
  so
• 22:58
  they
• 22:58
  don't
• 22:59
  like
• 22:59
  lending
• 22:59
  to
• 23:01
  low
• 23:02
  credit
• 23:02
  scores
• 23:02
  or
• 23:03
  a
• 23:03
  high
• 23:03
  debt
• 23:04
  to
• 23:04
  income
• 23:04
  ratio,
• 23:05
  things
• 23:05
  like
• 23:05
  that.
• 23:05
  But
• 23:05
  there
• 23:06
  are
• 23:06
  other
• 23:06
  banks
• 23:06
  that
• 23:06
  are
• 23:06
  a
• 23:07
  little
• 23:07
  more
• 23:07
  lenient
• 23:07
  that
• 23:08
  would
• 23:08
  actually
• 23:08
  give
• 23:08
  these
• 23:08
  types
• 23:09
  of
• 23:09
  loans.
• 23:09
  So
• 23:10
  call
• 23:10
  as
• 23:11
  many
• 23:11
  mortgage
• 23:12
  brokers
• 23:12
  until
• 23:12
  you
• 23:12
  find
• 23:13
  a
• 23:13
  company
• 23:13
  that,
• 23:14
  that's
• 23:14
  actually
• 23:14
  going
• 23:14
  to
• 23:15
  be
• 23:15
  able
• 23:15
  to
• 23:15
  put
• 23:15
  the
• 23:15
  deal
• 23:16
  through
• 23:16
  for
• 23:16
  you.
• 23:17
  All
• 23:17
  right,
• 23:17
  so
• 23:18
  the
• 23:18
  next
• 23:18
  one,
• 23:18
  FHA
• 23:20
  loans.
• 23:20
  Now
• 23:21
  an
• 23:21
  FHA
• 23:21
  loan
• 23:21
  is
• 23:22
  very
• 23:22
  similar
• 23:23
  to
• 23:23
  a
• 23:23
  conventional
• 23:24
  loan,
• 23:24
  but
• 23:25
  it's
• 23:25
  backed
• 23:25
  by,
• 23:26
  it's
• 23:26
  a
• 23:26
  loan,
• 23:26
  basically
• 23:27
  a
• 23:27
  loan
• 23:27
  from
• 23:27
  the
• 23:28
  Federal
• 23:28
  Housing
• 23:28
  Administration,
• 23:29
  from
• 23:29
  the
• 23:29
  government,
• 23:30
  United
• 23:30
  States
• 23:30
  government.
• 23:31
  So
• 23:31
  they
• 23:31
  back
• 23:31
  and
• 23:32
  insure
• 23:32
  the
• 23:32
  mortgage.
• 23:33
  And
• 23:34
  so
• 23:34
  you
• 23:35
  instead
• 23:35
  of
• 23:35
  paying
• 23:36
  10
• 23:36
  or
• 23:36
  20%,
• 23:37
  usually
• 23:37
  20%
• 23:38
  for
• 23:38
  a
• 23:38
  normal
• 23:38
  conventional
• 23:39
  loan,
• 23:40
  the
• 23:40
  government
• 23:40
  allows
• 23:41
  you
• 23:41
  to
• 23:41
  pay
• 23:41
  only
• 23:42
  3.5%
• 23:43
  down.
• 23:44
  Can
• 23:44
  you
• 23:44
  imagine
• 23:45
  that?
• 23:45
  You
• 23:45
  know,
• 23:45
  a
• 23:46
  $200,000
• 23:46
  house,
• 23:47
  you're
• 23:47
  buying
• 23:48
  it
• 23:48
  for
• 23:48
  $7,000
• 23:50
  out
• 23:50
  of
• 23:50
  your
• 23:50
  pocket
• 23:51
  and
• 23:51
  you
• 23:51
  got
• 23:51
  that
• 23:51
  $200,000
• 23:52
  house
• 23:52
  that
• 23:52
  hopefully
• 23:52
  is
• 23:53
  making
• 23:53
  you
• 23:53
  $250
• 23:54
  a
• 23:55
  month
• 23:55
  to
• 23:55
  $300
• 23:56
  or
• 23:56
  more.
• 23:56
  And
• 23:57
  so
• 23:57
  it's
• 23:57
  very
• 23:58
  attractive
• 23:58
  way
• 23:59
  to
• 23:59
  buy
• 23:59
  a
• 23:59
  property
• 23:59
  because
• 24:00
  you're
• 24:00
  putting
• 24:00
  so
• 24:00
  little
• 24:01
  money
• 24:01
  down
• 24:01
  that
• 24:02
  after
• 24:02
  time
• 24:03
  or
• 24:03
  over
• 24:03
  time,
• 24:04
  all
• 24:05
  that
• 24:05
  $3,500,
• 24:06
  you're
• 24:07
  going
• 24:07
  to
• 24:07
  make
• 24:07
  that
• 24:07
  back
• 24:08
  in
• 24:08
  like
• 24:08
  three,
• 24:09
  two
• 24:09
  years,
• 24:09
  maybe
• 24:10
  three
• 24:10
  years
• 24:10
  at
• 24:10
  most.
• 24:11
  And
• 24:11
  then
• 24:11
  you
• 24:12
  have
• 24:12
  everything
• 24:12
  on
• 24:12
  top
• 24:12
  of
• 24:13
  that
• 24:13
  is
• 24:13
  just
• 24:13
  money
• 24:14
  in
• 24:14
  the
• 24:14
  bank,
• 24:15
  your
• 24:15
  FHA
• 24:16
  loan.
• 24:16
  There's
• 24:16
  a
• 24:16
  downside
• 24:17
  to
• 24:17
  getting
• 24:17
  an
• 24:17
  FHA
• 24:18
  loan
• 24:18
  though
• 24:18
  is
• 24:19
  you
• 24:19
  actually
• 24:19
  have
• 24:20
  a
• 24:21
  mortgage,
• 24:22
  pmi,
• 24:23
  principal
• 24:23
  mortgage
• 24:24
  insurance.
• 24:25
  So
• 24:25
  basically
• 24:25
  you
• 24:25
  have
• 24:26
  to
• 24:26
  pay
• 24:26
  an
• 24:26
  extra
• 24:27
  insurance.
• 24:28
  Not
• 24:28
  your
• 24:28
  home
• 24:28
  insurance,
• 24:29
  it's
• 24:30
  mortgage
• 24:30
  insurance
• 24:31
  on
• 24:31
  top
• 24:31
  of
• 24:32
  your
• 24:32
  principal
• 24:33
  and
• 24:33
  interest
• 24:33
  that
• 24:34
  goes
• 24:34
  to
• 24:34
  the
• 24:35
  government
• 24:35
  that
• 24:36
  pays
• 24:36
  them.
• 24:36
  It's
• 24:36
  a
• 24:37
  private
• 24:37
  mortgage
• 24:37
  insurance
• 24:38
  that's
• 24:38
  going
• 24:38
  to
• 24:38
  allow
• 24:39
  you
• 24:39
  to
• 24:39
  be
• 24:39
  able
• 24:39
  to
• 24:39
  pay
• 24:40
  at
• 24:40
  3.5%.
• 24:41
  Now
• 24:41
  let
• 24:41
  me
• 24:41
  give
• 24:42
  you
• 24:42
  example.
• 24:42
  So
• 24:43
  you
• 24:43
  buy
• 24:43
  $100,000
• 24:44
  home,
• 24:44
  you're
• 24:45
  going
• 24:45
  to
• 24:45
  be
• 24:45
  paying
• 24:45
  probably
• 24:45
  around
• 24:46
  $100
• 24:46
  a
• 24:46
  month
• 24:47
  extra
• 24:47
  in
• 24:48
  the
• 24:48
  PMI,
• 24:48
  the
• 24:48
  private
• 24:49
  mortgage
• 24:49
  insurance.
• 24:50
  If
• 24:50
  you
• 24:50
  pay
• 24:51
  an
• 24:51
  extra
• 24:51
  PMI
• 24:52
  of
• 24:52
  $100,
• 24:53
  well,
• 24:53
  you
• 24:53
  just
• 24:54
  put
• 24:54
  that
• 24:54
  in
• 24:54
  your
• 24:54
  numbers.
• 24:55
  You
• 24:55
  make
• 24:55
  sure
• 24:55
  that
• 24:56
  you
• 24:56
  can
• 24:56
  afford
• 24:56
  that,
• 24:57
  that
• 24:57
  the
• 24:57
  cash
• 24:58
  flow
• 24:58
  every
• 24:58
  single
• 24:58
  month
• 24:59
  will
• 24:59
  still
• 25:00
  bring
• 25:00
  in
• 25:00
  $250
• 25:01
  or
• 25:01
  more,
• 25:02
  including
• 25:03
  that
• 25:03
  PMI
• 25:04
  on
• 25:04
  top
• 25:04
  of
• 25:04
  it.
• 25:05
  Now
• 25:05
  if
• 25:05
  it
• 25:05
  doesn't,
• 25:06
  then
• 25:06
  pass
• 25:06
  on
• 25:07
  the
• 25:07
  deal
• 25:07
  or
• 25:07
  go
• 25:07
  to
• 25:08
  another
• 25:08
  deal.
• 25:09
  But
• 25:09
  you
• 25:09
  always
• 25:09
  want
• 25:10
  to
• 25:10
  offer
• 25:11
  so
• 25:12
  that
• 25:12
  it
• 25:12
  makes
• 25:12
  you
• 25:12
  money
• 25:13
  every
• 25:13
  single
• 25:13
  month.
• 25:13
  You
• 25:14
  want
• 25:14
  to
• 25:14
  make
• 25:14
  sure
• 25:14
  you
• 25:14
  account
• 25:15
  for
• 25:15
  every
• 25:15
  expense.
• 25:16
  Even
• 25:16
  if
• 25:16
  it's
• 25:17
  a
• 25:17
  pmi,
• 25:17
  something
• 25:17
  like
• 25:18
  that,
• 25:18
  you
• 25:18
  can
• 25:19
  still
• 25:19
  have
• 25:19
  that
• 25:19
  put
• 25:20
  in
• 25:20
  your
• 25:20
  numbers
• 25:20
  as
• 25:20
  an
• 25:21
  expense.
• 25:21
  So
• 25:21
  you
• 25:22
  have
• 25:22
  that
• 25:22
  covered.
• 25:22
  So
• 25:22
  you're
• 25:23
  still
• 25:23
  making
• 25:23
  money.
• 25:24
  So
• 25:24
  don't
• 25:24
  let
• 25:25
  that
• 25:25
  scare
• 25:25
  you
• 25:25
  off
• 25:25
  from
• 25:26
  getting
• 25:26
  your
• 25:26
  first
• 25:26
  property.
• 25:26
  But
• 25:27
  three
• 25:27
  and
• 25:27
  a
• 25:27
  half
• 25:27
  percent
• 25:27
  down,
• 25:28
  you
• 25:28
  know,
• 25:28
  if
• 25:28
  you
• 25:28
  buy
• 25:28
  a
• 25:29
  house
• 25:29
  for
• 25:29
  $100,000,
• 25:30
  $3,500,
• 25:31
  you
• 25:31
  can
• 25:31
  easily
• 25:31
  save
• 25:32
  that
• 25:32
  up.
• 25:32
  I
• 25:33
  would
• 25:33
  hope
• 25:33
  that
• 25:33
  you'd
• 25:33
  be
• 25:33
  work,
• 25:34
  you
• 25:34
  know,
• 25:34
  work
• 25:34
  your
• 25:34
  tail
• 25:35
  off,
• 25:35
  you
• 25:35
  know,
• 25:35
  get
• 25:36
  an
• 25:36
  extra
• 25:36
  job
• 25:36
  or
• 25:36
  something
• 25:37
  to
• 25:37
  save
• 25:37
  up
• 25:37
  $3,500
• 25:38
  to
• 25:38
  buy
• 25:38
  your
• 25:38
  first
• 25:38
  property.
• 25:39
  Start
• 25:39
  making
• 25:40
  $250
• 25:40
  a
• 25:41
  month,
• 25:41
  save
• 25:41
  that
• 25:42
  up
• 25:42
  to
• 25:42
  buy
• 25:42
  your
• 25:42
  next
• 25:42
  property,
• 25:43
  and
• 25:43
  in,
• 25:43
  who
• 25:44
  knows,
• 25:44
  you
• 25:44
  know,
• 25:44
  eight
• 25:45
  or
• 25:45
  nine
• 25:45
  years,
• 25:45
  you're
• 25:45
  going
• 25:45
  to
• 25:46
  have
• 25:46
  enough
• 25:46
  properties
• 25:46
  where
• 25:46
  you
• 25:47
  can
• 25:47
  actually
• 25:47
  quit
• 25:47
  your
• 25:47
  job.
• 25:48
  All
• 25:48
  right,
• 25:49
  next
• 25:49
  one.
• 25:50
  Now,
• 25:50
  portfolio
• 25:51
  lenders
• 25:52
  is
• 25:52
  what
• 25:52
  we're
• 25:52
  going
• 25:52
  to
• 25:52
  get
• 25:52
  into
• 25:52
  right
• 25:53
  now.
• 25:53
  And
• 25:53
  most
• 25:53
  people
• 25:53
  think,
• 25:54
  oh,
• 25:54
  wow,
• 25:55
  portfolio
• 25:55
  lenders
• 25:55
  are,
• 25:55
  you
• 25:56
  know,
• 25:56
  some
• 25:56
  people
• 25:56
  are
• 25:56
  getting
• 25:57
  in
• 25:57
  to
• 25:57
  real
• 25:58
  estate
• 25:58
  investing.
• 25:59
  Think
• 25:59
  about
• 25:59
  like
• 25:59
  this,
• 26:00
  this
• 26:00
  mythical
• 26:01
  white
• 26:01
  whale
• 26:01
  of
• 26:01
  a
• 26:02
  portfolio
• 26:02
  lender.
• 26:02
  How
• 26:03
  do
• 26:03
  I
• 26:03
  get
• 26:03
  a
• 26:03
  portfolio
• 26:03
  lender?
• 26:04
  Because
• 26:04
  they
• 26:04
  lend,
• 26:04
  you
• 26:05
  know,
• 26:05
  to,
• 26:05
  to
• 26:06
  real
• 26:06
  estate
• 26:07
  companies
• 26:07
  like
• 26:07
  mine
• 26:07
  or
• 26:08
  investment
• 26:08
  companies
• 26:09
  that
• 26:09
  invest
• 26:09
  in
• 26:09
  rental
• 26:10
  properties.
• 26:10
  You
• 26:10
  know,
• 26:11
  they,
• 26:11
  they
• 26:11
  are,
• 26:11
  they're,
• 26:12
  they're
• 26:12
  willing
• 26:12
  to
• 26:13
  give
• 26:13
  more,
• 26:14
  more
• 26:14
  investment
• 26:15
  property
• 26:15
  loans
• 26:16
  as
• 26:16
  opposed
• 26:17
  to,
• 26:17
  you
• 26:17
  know,
• 26:17
  four
• 26:17
  or
• 26:18
  just
• 26:18
  one
• 26:18
  with
• 26:18
  an
• 26:18
  fha,
• 26:19
  a
• 26:19
  normal
• 26:19
  conventional
• 26:20
  loan,
• 26:20
  I
• 26:20
  think
• 26:20
  it's
• 26:20
  four,
• 26:21
  four
• 26:21
  that
• 26:21
  you
• 26:21
  can
• 26:21
  have
• 26:21
  at
• 26:22
  most
• 26:22
  on
• 26:22
  your
• 26:22
  name.
• 26:23
  But
• 26:23
  anyways,
• 26:23
  portfolio
• 26:24
  lenders,
• 26:25
  so
• 26:25
  they're
• 26:25
  basically
• 26:26
  a
• 26:26
  portfolio
• 26:27
  lender
• 26:27
  is
• 26:27
  a
• 26:28
  bank
• 26:28
  that
• 26:29
  lends
• 26:29
  their
• 26:29
  own
• 26:29
  money.
• 26:30
  That's
• 26:30
  their
• 26:30
  own
• 26:31
  portfolio.
• 26:32
  So
• 26:32
  think
• 26:32
  of
• 26:33
  your
• 26:33
  local
• 26:33
  bank
• 26:34
  in
• 26:34
  your
• 26:34
  local
• 26:34
  neighborhood.
• 26:35
  Not
• 26:35
  like,
• 26:35
  you
• 26:36
  know,
• 26:36
  those
• 26:36
  big
• 26:36
  banks
• 26:37
  like
• 26:37
  Chase,
• 26:37
  bank
• 26:37
  of
• 26:38
  America,
• 26:38
  Wells
• 26:38
  Fargo,
• 26:39
  not
• 26:39
  like
• 26:39
  that,
• 26:39
  but
• 26:40
  think
• 26:40
  of
• 26:40
  like
• 26:40
  a
• 26:40
  credit
• 26:41
  union
• 26:41
  or
• 26:41
  a
• 26:42
  local
• 26:42
  bank
• 26:42
  or
• 26:43
  a
• 26:43
  Citibank
• 26:44
  that,
• 26:44
  not
• 26:45
  Citibank
• 26:45
  the
• 26:45
  company,
• 26:46
  but
• 26:46
  bank
• 26:47
  in
• 26:47
  your
• 26:47
  city
• 26:48
  that
• 26:48
  is
• 26:48
  just,
• 26:49
  you
• 26:49
  know,
• 26:49
  one
• 26:49
  or
• 26:50
  two,
• 26:50
  two
• 26:50
  places
• 26:51
  in
• 26:51
  your
• 26:51
  area
• 26:52
  and
• 26:52
  they
• 26:52
  are
• 26:52
  going
• 26:53
  to
• 26:53
  give
• 26:53
  a
• 26:53
  loan
• 26:54
  that
• 26:54
  is
• 26:54
  their
• 26:55
  own
• 26:55
  private
• 26:55
  money
• 26:56
  to
• 26:57
  you
• 26:57
  to
• 26:57
  buy
• 26:58
  the
• 26:58
  property.
• 26:58
  And
• 26:59
  that,
• 26:59
  that's
• 26:59
  now
• 26:59
  part
• 27:00
  of
• 27:00
  their
• 27:00
  portfolio.
• 27:01
  That's
• 27:01
  why
• 27:01
  it's
• 27:01
  called
• 27:02
  a
• 27:02
  portfolio
• 27:02
  lender.
• 27:02
  It's
• 27:03
  their
• 27:03
  own
• 27:03
  money.
• 27:04
  Normal
• 27:04
  banks,
• 27:05
  if
• 27:05
  you
• 27:05
  go
• 27:05
  to,
• 27:05
  you
• 27:05
  know,
• 27:06
  Chase,
• 27:06
  Washington
• 27:07
  Mutual,
• 27:07
  well,
• 27:07
  sorry,
• 27:08
  they're
• 27:08
  out
• 27:08
  of
• 27:08
  business
• 27:09
  a
• 27:09
  long
• 27:09
  time
• 27:09
  ago,
• 27:09
  I
• 27:09
  don't
• 27:10
  know
• 27:10
  where
• 27:10
  that
• 27:10
  came
• 27:10
  out
• 27:10
  of.
• 27:11
  But
• 27:11
  Chase,
• 27:11
  Wells
• 27:12
  Fargo,
• 27:13
  bank
• 27:14
  of
• 27:14
  America,
• 27:14
  all
• 27:14
  these
• 27:15
  other
• 27:15
  companies,
• 27:16
  they
• 27:16
  basically
• 27:17
  give
• 27:17
  you
• 27:17
  the
• 27:17
  loan
• 27:17
  but
• 27:17
  then
• 27:18
  they
• 27:18
  sell
• 27:18
  off
• 27:18
  the
• 27:19
  loan
• 27:19
  to
• 27:20
  somebody
• 27:20
  else
• 27:21
  and
• 27:21
  they
• 27:22
  make
• 27:22
  money
• 27:22
  on
• 27:23
  that
• 27:23
  transaction.
• 27:23
  They
• 27:24
  don't
• 27:24
  actually
• 27:24
  lend
• 27:24
  their
• 27:25
  own
• 27:25
  money.
• 27:26
  So
• 27:26
  a
• 27:26
  portfolio
• 27:26
  lender
• 27:27
  is
• 27:27
  a
• 27:27
  bank
• 27:27
  that
• 27:28
  lends
• 27:28
  its
• 27:28
  own
• 27:28
  money.
• 27:29
  Now,
• 27:31
  we
• 27:31
  kind
• 27:31
  of
• 27:31
  think
• 27:31
  of
• 27:32
  portfolio
• 27:32
  lenders
• 27:33
  as
• 27:33
  being,
• 27:33
  hey,
• 27:33
  if
• 27:34
  we
• 27:34
  can
• 27:34
  get
• 27:34
  those,
• 27:34
  that'd
• 27:34
  be
• 27:35
  so
• 27:35
  fantastic.
• 27:35
  Well,
• 27:35
  I'm
• 27:36
  gonna
• 27:36
  tell
• 27:36
  you
• 27:36
  one,
• 27:36
  they
• 27:37
  are
• 27:37
  great,
• 27:37
  but
• 27:37
  at
• 27:37
  the
• 27:37
  same
• 27:38
  time,
• 27:38
  they're
• 27:38
  hard
• 27:38
  to
• 27:38
  find.
• 27:39
  Now
• 27:39
  they're
• 27:39
  not
• 27:40
  so
• 27:40
  hard
• 27:40
  to
• 27:40
  find
• 27:40
  that
• 27:40
  you
• 27:40
  can't
• 27:41
  find
• 27:41
  them.
• 27:41
  So
• 27:41
  basically
• 27:42
  what
• 27:42
  you
• 27:42
  need
• 27:42
  to
• 27:42
  do
• 27:43
  if
• 27:43
  you
• 27:43
  want
• 27:43
  to
• 27:43
  find
• 27:44
  a
• 27:44
  portfolio
• 27:45
  lender
• 27:45
  is
• 27:45
  start
• 27:46
  calling
• 27:46
  every
• 27:46
  single
• 27:47
  bank
• 27:47
  in
• 27:47
  the
• 27:47
  city
• 27:48
  that
• 27:48
  you
• 27:48
  live
• 27:48
  or
• 27:49
  in
• 27:49
  the
• 27:49
  local
• 27:49
  area
• 27:50
  that
• 27:50
  you
• 27:50
  live.
• 27:50
  It
• 27:50
  could
• 27:50
  be
• 27:51
  the
• 27:51
  county
• 27:51
  that
• 27:51
  you
• 27:52
  live
• 27:52
  in.
• 27:52
  But
• 27:52
  call
• 27:53
  every
• 27:53
  single
• 27:53
  bank
• 27:53
  until
• 27:54
  you
• 27:54
  find
• 27:54
  one
• 27:54
  that
• 27:54
  actually
• 27:55
  does
• 27:55
  portfolio
• 27:55
  lending.
• 27:56
  Just
• 27:56
  literally,
• 27:57
  you
• 27:57
  know,
• 27:57
  when
• 27:57
  you,
• 27:57
  when
• 27:57
  you
• 27:58
  open
• 27:58
  or
• 27:58
  call
• 27:59
  your
• 27:59
  first
• 27:59
  person
• 28:00
  that
• 28:00
  you
• 28:00
  talk
• 28:00
  to
• 28:00
  say,
• 28:01
  do
• 28:01
  you
• 28:01
  do
• 28:01
  portfolio
• 28:02
  lending?
• 28:02
  Or
• 28:02
  can
• 28:02
  I
• 28:03
  talk
• 28:03
  to
• 28:03
  somebody?
• 28:03
  Does
• 28:03
  commercial
• 28:04
  lending
• 28:04
  and
• 28:04
  portfolio
• 28:05
  lending,
• 28:05
  lending.
• 28:06
  If
• 28:06
  they
• 28:06
  say,
• 28:06
  no,
• 28:06
  we
• 28:06
  don't
• 28:06
  do
• 28:07
  that
• 28:07
  here,
• 28:07
  you
• 28:07
  say,
• 28:07
  okay,
• 28:07
  thank
• 28:08
  you,
• 28:08
  hang
• 28:08
  up
• 28:08
  and,
• 28:08
  you
• 28:09
  know,
• 28:09
  move
• 28:09
  on
• 28:09
  to
• 28:09
  the
• 28:09
  next
• 28:09
  bank.
• 28:10
  But
• 28:10
  keep
• 28:10
  calling
• 28:11
  until
• 28:11
  you
• 28:11
  actually
• 28:11
  find
• 28:12
  a
• 28:12
  company
• 28:12
  that
• 28:12
  actually
• 28:12
  does
• 28:13
  it.
• 28:13
  It's
• 28:14
  not
• 28:14
  so
• 28:14
  easy
• 28:14
  just
• 28:15
  to
• 28:15
  say,
• 28:15
  you
• 28:15
  know,
• 28:15
  a
• 28:15
  Google
• 28:16
  search
• 28:16
  and
• 28:16
  look
• 28:17
  for
• 28:17
  portfolio
• 28:18
  lenders,
• 28:18
  which
• 28:18
  you
• 28:18
  definitely
• 28:18
  can.
• 28:19
  You
• 28:19
  will
• 28:19
  find
• 28:19
  some,
• 28:20
  some
• 28:20
  things
• 28:20
  to
• 28:20
  pop
• 28:21
  up.
• 28:21
  But
• 28:21
  the
• 28:21
  most,
• 28:22
  the
• 28:22
  best
• 28:22
  way
• 28:22
  is
• 28:23
  to
• 28:23
  find
• 28:23
  a
• 28:23
  local
• 28:23
  place
• 28:24
  in
• 28:24
  your
• 28:24
  area
• 28:25
  that
• 28:25
  would
• 28:25
  actually
• 28:25
  do
• 28:25
  portfolio
• 28:26
  lending.
• 28:27
  So
• 28:27
  the
• 28:27
  reason
• 28:27
  why
• 28:28
  it's
• 28:28
  also
• 28:28
  better
• 28:28
  is
• 28:29
  because
• 28:29
  banks
• 28:30
  that
• 28:30
  are
• 28:31
  big,
• 28:32
  they
• 28:32
  have
• 28:32
  certain
• 28:32
  criteria
• 28:33
  that
• 28:33
  they
• 28:33
  need
• 28:33
  to
• 28:34
  manage
• 28:34
  all
• 28:34
  the
• 28:35
  way
• 28:35
  down
• 28:35
  to
• 28:35
  the
• 28:35
  lowest
• 28:36
  person
• 28:36
  on
• 28:36
  the
• 28:36
  lowest
• 28:37
  totem
• 28:37
  pole
• 28:37
  and
• 28:38
  make
• 28:38
  sure
• 28:38
  that
• 28:38
  they
• 28:38
  don't
• 28:39
  screw
• 28:39
  up.
• 28:40
  And
• 28:40
  so
• 28:40
  they
• 28:40
  have
• 28:40
  these
• 28:41
  really
• 28:41
  strict
• 28:41
  criteria.
• 28:42
  But
• 28:42
  a
• 28:43
  bank
• 28:43
  that
• 28:43
  is
• 28:44
  local,
• 28:44
  that
• 28:45
  doesn't
• 28:45
  have
• 28:46
  so
• 28:46
  many
• 28:47
  barriers
• 28:47
  or
• 28:48
  levels
• 28:48
  of
• 28:49
  management
• 28:49
  and
• 28:50
  down
• 28:50
  to.
• 28:50
  So
• 28:51
  anyways,
• 28:51
  the
• 28:52
  main
• 28:52
  person
• 28:52
  that
• 28:53
  makes
• 28:53
  the
• 28:53
  decision
• 28:53
  to
• 28:54
  loan
• 28:54
  out
• 28:54
  the
• 28:54
  money,
• 28:54
  he's
• 28:55
  maybe
• 28:55
  like
• 28:56
  one
• 28:56
  or
• 28:56
  two
• 28:56
  people
• 28:56
  away
• 28:57
  from
• 28:57
  you.
• 28:57
  So
• 28:57
  you
• 28:57
  might
• 28:57
  talk
• 28:57
  to
• 28:58
  the
• 28:58
  first
• 28:58
  lender
• 28:59
  and
• 28:59
  he
• 28:59
  goes,
• 28:59
  let
• 28:59
  me
• 28:59
  talk
• 28:59
  to
• 28:59
  my
• 29:00
  boss,
• 29:00
  who
• 29:00
  is
• 29:00
  the
• 29:00
  one
• 29:01
  that
• 29:01
  actually
• 29:01
  makes
• 29:01
  the
• 29:01
  decision.
• 29:02
  He
• 29:02
  sees
• 29:03
  your
• 29:03
  business
• 29:03
  model,
• 29:03
  he
• 29:03
  sees
• 29:04
  the
• 29:04
  plan,
• 29:05
  he
• 29:05
  sees
• 29:05
  your
• 29:05
  track
• 29:05
  record
• 29:06
  of
• 29:06
  other
• 29:06
  properties
• 29:06
  that
• 29:06
  you
• 29:07
  bought
• 29:07
  and
• 29:07
  says,
• 29:08
  okay,
• 29:08
  I'm
• 29:08
  going
• 29:08
  to
• 29:08
  take
• 29:08
  a
• 29:09
  chance
• 29:09
  on
• 29:09
  you.
• 29:09
  I'm
• 29:09
  going
• 29:09
  to
• 29:09
  give
• 29:09
  you
• 29:10
  the
• 29:10
  money.
• 29:10
  And,
• 29:11
  you
• 29:11
  know,
• 29:11
  interest
• 29:11
  rates
• 29:12
  going
• 29:12
  to
• 29:12
  be
• 29:12
  this,
• 29:12
  that,
• 29:12
  and
• 29:13
  the
• 29:13
  other.
• 29:13
  The
• 29:13
  term
• 29:13
  is
• 29:14
  going
• 29:14
  to
• 29:14
  be,
• 29:14
  you
• 29:14
  know,
• 29:14
  however
• 29:15
  many
• 29:15
  years,
• 29:15
  and
• 29:16
  here's
• 29:16
  the
• 29:16
  money.
• 29:16
  And
• 29:16
  it's
• 29:17
  their
• 29:17
  own
• 29:17
  personal
• 29:17
  money.
• 29:18
  Now
• 29:19
  just
• 29:19
  think
• 29:19
  of
• 29:19
  them
• 29:19
  as
• 29:20
  the
• 29:21
  mortgage
• 29:21
  Holder
• 29:22
  and
• 29:22
  you've
• 29:23
  just
• 29:23
  found
• 29:23
  a
• 29:23
  bank
• 29:23
  that's
• 29:23
  lending
• 29:24
  their
• 29:24
  own
• 29:24
  money,
• 29:24
  which
• 29:25
  most
• 29:25
  banks
• 29:25
  don't
• 29:25
  actually
• 29:26
  do
• 29:26
  that
• 29:27
  because
• 29:27
  they
• 29:27
  are
• 29:28
  able
• 29:28
  to
• 29:28
  sell
• 29:29
  it
• 29:29
  off.
• 29:29
  Alright,
• 29:30
  so
• 29:30
  that
• 29:30
  was
• 29:30
  portfolio
• 29:31
  lender.
• 29:31
  It's
• 29:31
  not
• 29:32
  as
• 29:32
  mythical
• 29:33
  as
• 29:33
  you
• 29:33
  might
• 29:34
  think.
• 29:34
  You
• 29:34
  can
• 29:34
  actually
• 29:35
  get
• 29:35
  them
• 29:36
  fairly
• 29:36
  easily.
• 29:36
  You
• 29:36
  just
• 29:37
  got
• 29:37
  to
• 29:37
  find
• 29:37
  a
• 29:37
  bank
• 29:37
  that's
• 29:37
  actually
• 29:38
  going
• 29:38
  to
• 29:38
  work
• 29:38
  with
• 29:38
  you
• 29:38
  that
• 29:39
  does
• 29:39
  give
• 29:39
  those.
• 29:39
  All
• 29:40
  right.
• 29:40
  Another
• 29:40
  one
• 29:40
  would
• 29:41
  be
• 29:41
  owner
• 29:42
  financing.
• 29:43
  It's
• 29:43
  also
• 29:43
  termed
• 29:44
  seller
• 29:44
  financing.
• 29:45
  Could
• 29:45
  be
• 29:45
  the
• 29:46
  exact
• 29:46
  same
• 29:46
  thing.
• 29:46
  Owner
• 29:47
  or
• 29:47
  it
• 29:47
  is,
• 29:47
  sorry,
• 29:48
  the
• 29:48
  exact
• 29:48
  same
• 29:48
  thing.
• 29:49
  Owner
• 29:49
  financing
• 29:50
  and
• 29:50
  seller
• 29:50
  financing
• 29:51
  are
• 29:51
  two
• 29:52
  amazing
• 29:52
  ways
• 29:53
  to
• 29:53
  buy
• 29:54
  rental
• 29:54
  properties.
• 29:54
  Let
• 29:55
  me
• 29:55
  give
• 29:55
  you
• 29:55
  an
• 29:55
  example.
• 29:56
  So
• 29:56
  I
• 29:56
  have
• 29:57
  a.
• 29:58
  I
• 29:58
  knew
• 29:59
  of
• 29:59
  an
• 29:59
  investor
• 29:59
  that
• 30:00
  had
• 30:00
  three
• 30:01
  single
• 30:01
  family
• 30:01
  homes
• 30:02
  and
• 30:02
  one
• 30:02
  duplex.
• 30:03
  Now
• 30:03
  these
• 30:04
  three
• 30:04
  single
• 30:04
  family
• 30:04
  homes
• 30:04
  and
• 30:05
  one
• 30:05
  dupleX
• 30:05
  he
• 30:06
  wanted
• 30:06
  to
• 30:06
  sell.
• 30:06
  He
• 30:06
  was
• 30:07
  an
• 30:07
  investor.
• 30:07
  He
• 30:08
  had
• 30:08
  his
• 30:08
  own
• 30:08
  businesses
• 30:09
  that
• 30:09
  were
• 30:09
  doing
• 30:09
  really
• 30:09
  well.
• 30:10
  He
• 30:10
  just
• 30:10
  didn't
• 30:10
  want
• 30:10
  to
• 30:10
  have
• 30:10
  to
• 30:10
  worry
• 30:11
  about
• 30:11
  these
• 30:11
  properties
• 30:11
  anymore.
• 30:13
  And
• 30:13
  he
• 30:13
  had
• 30:13
  many
• 30:13
  other
• 30:14
  businesses
• 30:14
  outside
• 30:14
  of
• 30:15
  that.
• 30:15
  And
• 30:15
  he
• 30:15
  just
• 30:15
  wanted
• 30:15
  his
• 30:16
  time
• 30:16
  that
• 30:16
  he
• 30:17
  could,
• 30:17
  he
• 30:17
  could
• 30:17
  focus
• 30:18
  on
• 30:18
  his
• 30:18
  businesses.
• 30:19
  And
• 30:19
  so
• 30:19
  I
• 30:19
  said,
• 30:19
  well,
• 30:20
  you
• 30:20
  know,
• 30:20
  I
• 30:20
  could
• 30:20
  buy
• 30:20
  him
• 30:21
  from
• 30:21
  you.
• 30:22
  So
• 30:22
  this
• 30:22
  is
• 30:22
  what
• 30:22
  I'll
• 30:22
  do.
• 30:23
  I'll
• 30:23
  give
• 30:23
  you
• 30:23
  $25,000
• 30:24
  cash
• 30:25
  and
• 30:25
  you
• 30:26
  give
• 30:26
  me
• 30:26
  a
• 30:27
  seller
• 30:27
  financing
• 30:27
  for
• 30:27
  the
• 30:28
  rest
• 30:28
  of
• 30:28
  the
• 30:29
  property.
• 30:29
  So
• 30:30
  the
• 30:30
  total
• 30:30
  purchase
• 30:31
  price
• 30:31
  of
• 30:31
  all
• 30:31
  the
• 30:31
  properties,
• 30:32
  you
• 30:32
  give
• 30:33
  me
• 30:33
  seller
• 30:33
  financing
• 30:34
  and
• 30:34
  I'll
• 30:34
  pay
• 30:34
  you
• 30:34
  every
• 30:35
  single
• 30:35
  month
• 30:35
  for
• 30:35
  that.
• 30:36
  And
• 30:36
  so
• 30:36
  what
• 30:36
  happened
• 30:37
  was
• 30:38
  he
• 30:38
  said
• 30:38
  yes,
• 30:38
  and
• 30:38
  over
• 30:39
  time,
• 30:39
  basically
• 30:40
  my
• 30:40
  mortgage
• 30:41
  payment
• 30:41
  that
• 30:42
  was
• 30:42
  to
• 30:42
  him
• 30:43
  because
• 30:43
  it
• 30:43
  was
• 30:43
  my
• 30:44
  cash
• 30:44
  and
• 30:44
  then
• 30:44
  he
• 30:44
  had
• 30:45
  the
• 30:45
  note.
• 30:45
  So
• 30:45
  I
• 30:46
  don't
• 30:46
  actually
• 30:46
  have
• 30:46
  a
• 30:46
  bank
• 30:47
  that
• 30:47
  is
• 30:47
  actually
• 30:48
  having
• 30:48
  a
• 30:48
  mortgage
• 30:49
  on
• 30:49
  the
• 30:49
  property.
• 30:49
  I
• 30:50
  have
• 30:50
  the
• 30:50
  current
• 30:51
  owner
• 30:51
  who
• 30:52
  is
• 30:52
  now,
• 30:53
  you
• 30:53
  know,
• 30:53
  he
• 30:53
  has
• 30:53
  a.
• 30:55
  The
• 30:55
  mortgage
• 30:55
  on
• 30:55
  the
• 30:56
  property
• 30:56
  has
• 30:56
  a
• 30:56
  note
• 30:56
  against
• 30:57
  the
• 30:57
  property
• 30:58
  because
• 30:58
  he
• 30:59
  now
• 30:59
  has
• 30:59
  the
• 30:59
  note.
• 31:00
  I
• 31:00
  don't
• 31:00
  actually
• 31:00
  have
• 31:00
  a
• 31:01
  mortgage
• 31:01
  against
• 31:01
  it.
• 31:01
  It's
• 31:02
  paying
• 31:02
  him
• 31:02
  as
• 31:03
  seller
• 31:03
  financing.
• 31:04
  But
• 31:04
  it's
• 31:04
  so
• 31:04
  much
• 31:04
  better
• 31:05
  because
• 31:05
  I
• 31:05
  didn't
• 31:06
  have
• 31:06
  to
• 31:06
  worry
• 31:06
  about
• 31:06
  an
• 31:06
  appraiser.
• 31:07
  I
• 31:07
  didn't
• 31:07
  have
• 31:08
  to
• 31:08
  worry
• 31:08
  about
• 31:08
  inspections.
• 31:09
  I
• 31:09
  didn't
• 31:09
  have
• 31:09
  to
• 31:09
  worry
• 31:09
  about
• 31:09
  underwriting.
• 31:10
  I
• 31:10
  didn't
• 31:10
  have
• 31:10
  to
• 31:10
  worry
• 31:11
  about
• 31:11
  really
• 31:11
  anything
• 31:12
  because
• 31:12
  it's
• 31:12
  just
• 31:13
  a
• 31:13
  transaction
• 31:13
  between
• 31:13
  me,
• 31:15
  the
• 31:15
  seller.
• 31:15
  Now
• 31:15
  between
• 31:16
  me
• 31:16
  and
• 31:16
  the
• 31:16
  seller.
• 31:16
  It's
• 31:16
  basically
• 31:17
  him
• 31:17
  saying,
• 31:17
  okay,
• 31:18
  you're
• 31:18
  good
• 31:18
  to
• 31:18
  go.
• 31:19
  I'm
• 31:19
  going
• 31:19
  to
• 31:19
  go
• 31:20
  ahead
• 31:20
  and
• 31:20
  give
• 31:20
  you
• 31:20
  the
• 31:20
  loan.
• 31:20
  You
• 31:20
  give
• 31:21
  me
• 31:21
  $25,000.
• 31:22
  Here's
• 31:22
  the
• 31:22
  contract.
• 31:22
  We're
• 31:23
  going
• 31:23
  to
• 31:23
  write
• 31:23
  it
• 31:23
  up,
• 31:23
  make
• 31:24
  sure
• 31:24
  that,
• 31:24
  you
• 31:24
  know,
• 31:24
  if
• 31:24
  you
• 31:25
  default,
• 31:25
  I
• 31:25
  get
• 31:25
  the
• 31:25
  properties
• 31:26
  again.
• 31:26
  Obviously
• 31:27
  I'm
• 31:27
  totally
• 31:27
  fine
• 31:27
  with
• 31:27
  that.
• 31:27
  Just
• 31:28
  what
• 31:28
  I
• 31:28
  would
• 31:28
  do
• 31:28
  with
• 31:28
  a
• 31:29
  bank.
• 31:30
  And
• 31:30
  so
• 31:30
  the
• 31:31
  seller
• 31:31
  is
• 31:32
  basically
• 31:32
  becoming
• 31:33
  the
• 31:33
  bank,
• 31:33
  which
• 31:34
  is
• 31:34
  one
• 31:34
  of
• 31:34
  the
• 31:34
  best
• 31:34
  places
• 31:35
  to
• 31:35
  be.
• 31:35
  That's
• 31:35
  why
• 31:36
  there
• 31:36
  are
• 31:36
  so
• 31:36
  many
• 31:36
  banks,
• 31:36
  because
• 31:37
  they
• 31:37
  make
• 31:37
  so
• 31:38
  much
• 31:38
  ridiculous
• 31:39
  money.
• 31:39
  It's
• 31:40
  crazy.
• 31:41
  So
• 31:41
  what
• 31:42
  you
• 31:42
  would
• 31:42
  want
• 31:42
  to
• 31:42
  do
• 31:42
  is
• 31:43
  work
• 31:43
  with
• 31:44
  any
• 31:45
  seller
• 31:45
  that
• 31:45
  you
• 31:45
  can
• 31:45
  just
• 31:46
  say,
• 31:46
  hey,
• 31:47
  I
• 31:47
  can
• 31:48
  buy
• 31:48
  it
• 31:48
  from
• 31:48
  you
• 31:49
  with
• 31:49
  financing
• 31:50
  or
• 31:50
  getting
• 31:50
  somebody
• 31:51
  else
• 31:51
  to
• 31:51
  pay.
• 31:51
  But
• 31:51
  would
• 31:51
  you
• 31:51
  be
• 31:51
  interested
• 31:52
  in
• 31:53
  the
• 31:54
  possible
• 31:55
  aspect
• 31:55
  of
• 31:55
  doing
• 31:56
  owner
• 31:56
  financing,
• 31:57
  owner
• 31:58
  financing,
• 31:58
  or
• 31:58
  selling
• 31:59
  seller
• 31:59
  financing
• 32:00
  to
• 32:00
  where
• 32:00
  you
• 32:01
  become
• 32:01
  the
• 32:01
  bank?
• 32:01
  Well,
• 32:02
  I'll
• 32:02
  pay
• 32:02
  you
• 32:02
  over
• 32:02
  the
• 32:02
  next
• 32:03
  10
• 32:03
  years.
• 32:03
  I'll
• 32:03
  pay
• 32:03
  you
• 32:04
  X
• 32:04
  amount
• 32:04
  of
• 32:04
  dollars
• 32:04
  over
• 32:05
  10
• 32:05
  years.
• 32:05
  Every
• 32:05
  single
• 32:06
  month,
• 32:06
  like
• 32:06
  clockwork,
• 32:07
  you're
• 32:07
  going
• 32:07
  to
• 32:07
  be
• 32:07
  making
• 32:08
  so
• 32:08
  much
• 32:08
  more
• 32:08
  money
• 32:09
  than
• 32:09
  if
• 32:09
  you
• 32:09
  sold
• 32:09
  it
• 32:10
  right
• 32:10
  now.
• 32:10
  And
• 32:11
  you'll
• 32:11
  make
• 32:11
  even
• 32:11
  more
• 32:12
  money
• 32:12
  every
• 32:12
  single
• 32:12
  month.
• 32:13
  And
• 32:13
  after
• 32:13
  the
• 32:13
  10
• 32:13
  years,
• 32:14
  you're
• 32:14
  going
• 32:14
  to
• 32:14
  be
• 32:14
  having,
• 32:15
  you
• 32:15
  know,
• 32:15
  X
• 32:16
  amount
• 32:16
  more
• 32:16
  than
• 32:16
  you
• 32:17
  were
• 32:17
  trying
• 32:17
  to
• 32:17
  selling
• 32:17
  it
• 32:17
  for
• 32:18
  right
• 32:18
  now.
• 32:18
  And
• 32:19
  so
• 32:19
  it
• 32:19
  is
• 32:19
  a
• 32:20
  great
• 32:20
  way
• 32:20
  to
• 32:20
  find
• 32:20
  a
• 32:21
  property.
• 32:21
  You
• 32:21
  can
• 32:21
  even
• 32:22
  find
• 32:22
  seller
• 32:22
  financing
• 32:22
  where
• 32:23
  you
• 32:23
  put,
• 32:23
  you
• 32:23
  know,
• 32:24
  5%
• 32:24
  down,
• 32:24
  10%
• 32:25
  down,
• 32:25
  you
• 32:25
  know,
• 32:26
  very
• 32:26
  little
• 32:26
  money
• 32:27
  out
• 32:27
  of
• 32:27
  your
• 32:27
  pocket.
• 32:28
  So
• 32:28
  what
• 32:28
  I
• 32:28
  would
• 32:28
  encourage
• 32:29
  you
• 32:29
  to
• 32:29
  do
• 32:29
  is
• 32:29
  as
• 32:30
  you're
• 32:30
  looking
• 32:30
  for
• 32:30
  properties,
• 32:31
  ask
• 32:31
  the
• 32:31
  seller,
• 32:32
  you
• 32:32
  know,
• 32:32
  why
• 32:32
  are
• 32:32
  you
• 32:33
  selling?
• 32:33
  Number
• 32:34
  one,
• 32:34
  so
• 32:34
  you
• 32:34
  can
• 32:35
  understand
• 32:35
  what
• 32:36
  their
• 32:36
  needs
• 32:36
  are.
• 32:36
  If
• 32:37
  they
• 32:37
  need
• 32:37
  money
• 32:37
  cash
• 32:38
  right
• 32:38
  now,
• 32:38
  then
• 32:38
  seller
• 32:39
  financing
• 32:39
  might
• 32:40
  not
• 32:40
  work
• 32:40
  that
• 32:40
  well.
• 32:41
  Unless
• 32:41
  you
• 32:41
  can
• 32:41
  say,
• 32:42
  well,
• 32:42
  how
• 32:42
  much
• 32:42
  money
• 32:42
  do
• 32:42
  you
• 32:42
  need?
• 32:43
  Do
• 32:43
  you
• 32:43
  need
• 32:43
  20?
• 32:44
  Like,
• 32:44
  this
• 32:44
  is
• 32:44
  what
• 32:44
  I
• 32:44
  mean.
• 32:45
  I
• 32:45
  could
• 32:45
  tell
• 32:46
  my
• 32:46
  sellers,
• 32:47
  do
• 32:47
  you
• 32:47
  need
• 32:47
  $25,000?
• 32:48
  You
• 32:48
  need
• 32:48
  $5,000.
• 32:49
  How
• 32:49
  much
• 32:49
  money
• 32:50
  do
• 32:50
  you
• 32:50
  need
• 32:50
  right
• 32:50
  now?
• 32:51
  Maybe
• 32:51
  I
• 32:52
  can
• 32:52
  give
• 32:52
  that
• 32:52
  to
• 32:52
  you
• 32:52
  and
• 32:53
  you
• 32:53
  do
• 32:53
  the
• 32:53
  balance
• 32:54
  being
• 32:54
  seller
• 32:54
  financing.
• 32:55
  And
• 32:56
  if
• 32:56
  you
• 32:56
  do
• 32:57
  that,
• 32:57
  if
• 32:57
  you
• 32:57
  find
• 32:57
  a
• 32:57
  good
• 32:58
  deal
• 32:58
  that
• 32:58
  you
• 32:58
  don't
• 32:58
  have
• 32:58
  to
• 32:59
  go
• 32:59
  through
• 32:59
  a
• 32:59
  bank,
• 32:59
  that's
• 33:00
  all
• 33:00
  those
• 33:00
  fees,
• 33:00
  those
• 33:01
  closing
• 33:02
  costs,
• 33:02
  the
• 33:02
  points,
• 33:03
  the
• 33:03
  underwriting,
• 33:04
  all
• 33:05
  these
• 33:05
  different
• 33:05
  fees
• 33:05
  that
• 33:05
  you're
• 33:05
  not
• 33:06
  going
• 33:06
  to
• 33:06
  have
• 33:06
  to
• 33:06
  pay
• 33:06
  on
• 33:07
  top
• 33:07
  of,
• 33:07
  hopefully
• 33:08
  you're
• 33:08
  going
• 33:08
  to
• 33:08
  be
• 33:08
  able
• 33:08
  to
• 33:08
  work
• 33:09
  out
• 33:09
  a
• 33:09
  decent
• 33:09
  interest
• 33:09
  rate.
• 33:10
  So
• 33:10
  I'm
• 33:11
  going
• 33:11
  to
• 33:11
  say
• 33:11
  go
• 33:11
  ahead
• 33:11
  and
• 33:12
  every
• 33:12
  time
• 33:12
  you
• 33:12
  find
• 33:13
  a
• 33:13
  property,
• 33:13
  see
• 33:13
  if
• 33:14
  that's
• 33:14
  a
• 33:14
  possibility
• 33:14
  where
• 33:15
  you
• 33:15
  can
• 33:15
  do
• 33:15
  owner
• 33:16
  financing.
• 33:16
  Absolutely.
• 33:17
  Fantastic
• 33:18
  way
• 33:18
  to
• 33:18
  get
• 33:18
  properties.
• 33:19
  Now
• 33:20
  the
• 33:20
  next
• 33:20
  one,
• 33:21
  hard
• 33:22
  money.
• 33:22
  Now,
• 33:23
  this
• 33:23
  is
• 33:23
  one
• 33:24
  where
• 33:24
  people
• 33:24
  think,
• 33:24
  and
• 33:25
  I
• 33:25
  thought
• 33:25
  the
• 33:25
  same
• 33:25
  thing.
• 33:26
  When
• 33:26
  you
• 33:26
  think,
• 33:27
  talk
• 33:27
  about,
• 33:27
  or
• 33:27
  when
• 33:27
  I
• 33:27
  talk
• 33:28
  about
• 33:28
  or
• 33:28
  hear
• 33:28
  of
• 33:28
  hard
• 33:29
  money,
• 33:29
  I
• 33:29
  think
• 33:29
  of,
• 33:30
  you
• 33:30
  know,
• 33:30
  Jimmy,
• 33:30
  the
• 33:31
  money
• 33:31
  lender
• 33:31
  down
• 33:31
  the
• 33:31
  street
• 33:32
  that
• 33:32
  has
• 33:32
  a
• 33:32
  bat
• 33:32
  that
• 33:33
  if
• 33:33
  I
• 33:33
  don't
• 33:33
  pay
• 33:34
  my
• 33:35
  monthly
• 33:35
  or
• 33:36
  weekly,
• 33:36
  you
• 33:36
  know,
• 33:36
  they
• 33:36
  probably
• 33:37
  charge
• 33:37
  by
• 33:37
  week.
• 33:38
  If
• 33:38
  I
• 33:38
  don't
• 33:38
  pay
• 33:38
  the
• 33:38
  weekly
• 33:39
  fee
• 33:39
  or
• 33:40
  my
• 33:40
  note
• 33:41
  payment,
• 33:41
  he's
• 33:42
  going
• 33:42
  to
• 33:42
  come
• 33:42
  down
• 33:42
  and
• 33:42
  break
• 33:42
  my
• 33:43
  legs
• 33:43
  and
• 33:43
  then
• 33:43
  if
• 33:43
  I
• 33:43
  don't
• 33:43
  pay
• 33:44
  anymore,
• 33:44
  he'll
• 33:44
  do
• 33:44
  even
• 33:44
  more
• 33:45
  damage,
• 33:45
  you
• 33:45
  know,
• 33:46
  trying
• 33:46
  to
• 33:46
  get
• 33:46
  me
• 33:46
  to
• 33:46
  pay.
• 33:47
  And
• 33:47
  so
• 33:48
  that's
• 33:48
  not
• 33:48
  what
• 33:48
  a
• 33:49
  hard
• 33:50
  money
• 33:50
  lender
• 33:50
  does.
• 33:51
  You
• 33:51
  know,
• 33:51
  you
• 33:52
  probably
• 33:52
  can
• 33:52
  find
• 33:52
  those,
• 33:52
  but
• 33:53
  I
• 33:53
  would
• 33:53
  say
• 33:53
  don't
• 33:53
  go
• 33:53
  to
• 33:54
  them.
• 33:55
  So
• 33:55
  a
• 33:55
  hard
• 33:55
  money
• 33:55
  lender
• 33:56
  is
• 33:56
  a
• 33:56
  type
• 33:56
  of
• 33:56
  loan
• 33:56
  that
• 33:57
  a
• 33:57
  private
• 33:57
  business
• 33:58
  or
• 33:58
  a
• 33:58
  private
• 33:58
  individual,
• 33:59
  like
• 33:59
  a
• 33:59
  private
• 34:00
  investor
• 34:01
  will
• 34:01
  give
• 34:02
  money
• 34:02
  out
• 34:03
  for
• 34:03
  real
• 34:03
  estate.
• 34:04
  So
• 34:05
  it
• 34:05
  wouldn't
• 34:05
  be
• 34:05
  like
• 34:05
  going
• 34:06
  to,
• 34:06
  like
• 34:06
  I
• 34:07
  said,
• 34:07
  go
• 34:07
  to
• 34:07
  Jimmy
• 34:07
  the
• 34:07
  Wolf,
• 34:08
  we
• 34:08
  get
• 34:08
  with
• 34:08
  a
• 34:08
  bat.
• 34:09
  It'd
• 34:09
  be
• 34:09
  actually
• 34:09
  going
• 34:09
  to
• 34:09
  companies
• 34:10
  that
• 34:10
  do
• 34:11
  lend
• 34:11
  private
• 34:12
  money.
• 34:13
  Now
• 34:13
  there
• 34:13
  are
• 34:14
  some
• 34:14
  drawbacks
• 34:15
  to
• 34:15
  this.
• 34:16
  Usually
• 34:16
  hard
• 34:17
  money
• 34:17
  is
• 34:17
  for
• 34:17
  getting
• 34:18
  into
• 34:18
  a
• 34:18
  property
• 34:18
  really
• 34:19
  quickly.
• 34:19
  So,
• 34:20
  so
• 34:20
  you
• 34:20
  can
• 34:20
  either
• 34:20
  flip
• 34:20
  it
• 34:21
  or
• 34:21
  refinance
• 34:22
  it
• 34:22
  or
• 34:22
  find
• 34:22
  some
• 34:23
  other
• 34:23
  way
• 34:23
  to
• 34:23
  pay
• 34:24
  off
• 34:24
  that
• 34:24
  hard
• 34:25
  money
• 34:25
  loan
• 34:26
  and
• 34:26
  gets
• 34:26
  you
• 34:27
  into
• 34:27
  a
• 34:27
  property,
• 34:27
  fixing
• 34:28
  up
• 34:28
  the
• 34:28
  property
• 34:29
  and
• 34:29
  getting
• 34:30
  you
• 34:30
  ready
• 34:30
  so
• 34:30
  that
• 34:30
  you
• 34:31
  can
• 34:31
  do
• 34:31
  other
• 34:31
  ways
• 34:31
  to
• 34:31
  get
• 34:32
  financing.
• 34:32
  It's
• 34:33
  a
• 34:33
  great
• 34:33
  way
• 34:34
  to
• 34:34
  get
• 34:34
  started
• 34:34
  if
• 34:35
  you
• 34:35
  don't
• 34:35
  have
• 34:35
  any
• 34:35
  money.
• 34:36
  So
• 34:36
  let's
• 34:36
  say
• 34:36
  you
• 34:36
  have
• 34:37
  a
• 34:37
  property
• 34:37
  that
• 34:38
  you
• 34:38
  want
• 34:38
  to
• 34:38
  buy,
• 34:38
  you
• 34:39
  don't
• 34:39
  have
• 34:39
  any
• 34:39
  money
• 34:39
  to
• 34:39
  buy
• 34:40
  it,
• 34:40
  but
• 34:40
  you
• 34:40
  talk
• 34:40
  to
• 34:40
  a
• 34:41
  hard
• 34:41
  money
• 34:41
  lender
• 34:41
  and
• 34:42
  a
• 34:42
  hard
• 34:42
  money
• 34:42
  lender
• 34:42
  says,
• 34:42
  hey,
• 34:43
  I'll
• 34:43
  let
• 34:43
  you,
• 34:43
  I'll
• 34:43
  lend
• 34:43
  you
• 34:44
  the
• 34:44
  money
• 34:45
  for
• 34:45
  the
• 34:45
  property,
• 34:45
  but
• 34:45
  if
• 34:46
  anything
• 34:46
  happens,
• 34:46
  I
• 34:46
  get
• 34:47
  the
• 34:47
  property.
• 34:48
  But
• 34:48
  there
• 34:48
  are
• 34:48
  some
• 34:48
  drawbacks
• 34:49
  to
• 34:49
  a
• 34:50
  hard
• 34:50
  money.
• 34:51
  Now
• 34:51
  the
• 34:51
  hard
• 34:51
  money
• 34:51
  loans
• 34:52
  are
• 34:52
  basically
• 34:53
  very
• 34:53
  short
• 34:53
  term
• 34:54
  loans.
• 34:54
  Like
• 34:55
  I
• 34:55
  was
• 34:55
  saying,
• 34:55
  it's
• 34:56
  to
• 34:56
  get
• 34:56
  into
• 34:56
  a
• 34:56
  property
• 34:57
  and
• 34:57
  try
• 34:57
  to
• 34:57
  get
• 34:57
  out
• 34:58
  either
• 34:58
  through
• 34:58
  selling
• 34:59
  it,
• 34:59
  you
• 34:59
  know,
• 34:59
  flipping
• 34:59
  it
• 35:00
  or
• 35:01
  actually
• 35:01
  refinancing
• 35:02
  the
• 35:02
  property,
• 35:03
  taking
• 35:03
  the
• 35:03
  money
• 35:03
  from
• 35:04
  a
• 35:04
  bank,
• 35:04
  giving
• 35:05
  it
• 35:05
  to
• 35:05
  the
• 35:05
  hard
• 35:05
  money
• 35:05
  lender
• 35:06
  so
• 35:06
  they
• 35:06
  get
• 35:06
  paid
• 35:06
  off
• 35:07
  and
• 35:07
  then
• 35:07
  you
• 35:07
  have
• 35:08
  a
• 35:08
  long
• 35:09
  term
• 35:09
  financed
• 35:10
  property.
• 35:11
  Now
• 35:12
  with
• 35:12
  a
• 35:12
  longer
• 35:12
  term
• 35:12
  finance
• 35:13
  property,
• 35:13
  you
• 35:14
  no
• 35:14
  longer
• 35:14
  have
• 35:14
  to
• 35:14
  worry
• 35:14
  about
• 35:15
  the
• 35:15
  hard
• 35:15
  money
• 35:15
  lender.
• 35:16
  You
• 35:16
  now
• 35:16
  have
• 35:16
  the
• 35:17
  bank
• 35:17
  that
• 35:17
  has
• 35:17
  you
• 35:17
  know,
• 35:18
  maybe
• 35:18
  hopefully
• 35:18
  a
• 35:18
  30
• 35:19
  year
• 35:19
  note
• 35:19
  where
• 35:19
  it's
• 35:19
  30
• 35:20
  year
• 35:20
  fixed,
• 35:21
  it's
• 35:21
  not
• 35:21
  going
• 35:21
  to
• 35:21
  go
• 35:21
  up,
• 35:22
  they're
• 35:22
  not
• 35:22
  going
• 35:22
  to,
• 35:22
  you
• 35:22
  know,
• 35:23
  at
• 35:23
  the
• 35:23
  end
• 35:23
  of,
• 35:24
  you
• 35:24
  know,
• 35:24
  three
• 35:24
  years
• 35:25
  it's,
• 35:25
  they're
• 35:25
  not
• 35:25
  going
• 35:25
  to
• 35:25
  want
• 35:26
  their
• 35:26
  money
• 35:26
  back.
• 35:26
  But
• 35:27
  the
• 35:27
  drawbacks
• 35:28
  come
• 35:28
  down
• 35:28
  to
• 35:28
  hard
• 35:29
  money.
• 35:29
  A
• 35:29
  few
• 35:29
  things.
• 35:30
  Number
• 35:30
  one,
• 35:31
  very
• 35:31
  short
• 35:31
  term,
• 35:32
  anywhere
• 35:32
  from
• 35:32
  six
• 35:33
  months
• 35:33
  to
• 35:34
  three
• 35:34
  years
• 35:34
  maximum,
• 35:35
  they
• 35:35
  want,
• 35:35
  they
• 35:35
  want
• 35:36
  to
• 35:36
  turn
• 35:36
  their
• 35:36
  money
• 35:36
  over
• 35:37
  very
• 35:37
  quickly.
• 35:38
  Now
• 35:38
  they
• 35:39
  also
• 35:39
  charge
• 35:39
  very
• 35:39
  high
• 35:40
  interest
• 35:40
  rate.
• 35:40
  It
• 35:41
  could
• 35:41
  be
• 35:41
  as
• 35:41
  high
• 35:41
  as
• 35:41
  15%.
• 35:43
  And
• 35:43
  depending
• 35:43
  on
• 35:44
  how
• 35:44
  lenient
• 35:45
  the
• 35:46
  hard
• 35:46
  money
• 35:46
  lenders
• 35:47
  are,
• 35:47
  but
• 35:47
  they're
• 35:47
  in
• 35:47
  the
• 35:47
  business
• 35:47
  of
• 35:48
  making
• 35:48
  money
• 35:49
  and
• 35:49
  they
• 35:49
  make
• 35:49
  their
• 35:49
  money
• 35:50
  through
• 35:50
  points
• 35:51
  where
• 35:51
  let's
• 35:52
  say
• 35:52
  you're
• 35:52
  borrowing
• 35:52
  $100,000
• 35:53
  where
• 35:53
  they're
• 35:53
  going
• 35:53
  to
• 35:54
  charge
• 35:54
  you
• 35:54
  two
• 35:54
  points,
• 35:54
  which
• 35:55
  is
• 35:55
  basically
• 35:55
  2%,
• 35:56
  3%,
• 35:56
  4%,
• 35:57
  whatever
• 35:58
  the
• 35:58
  hard
• 35:58
  money
• 35:58
  lender
• 35:59
  is
• 35:59
  actually
• 35:59
  giving.
• 36:00
  And
• 36:00
  so
• 36:00
  let's
• 36:01
  say,
• 36:01
  or
• 36:01
  asking,
• 36:01
  or
• 36:02
  you
• 36:02
  know,
• 36:02
  taking.
• 36:02
  So
• 36:03
  let's
• 36:03
  say
• 36:03
  you're
• 36:03
  buying
• 36:03
  $100,000
• 36:04
  house.
• 36:04
  He
• 36:05
  says,
• 36:05
  well,
• 36:05
  it's
• 36:05
  four
• 36:06
  points
• 36:06
  to
• 36:06
  buy
• 36:06
  the
• 36:06
  property.
• 36:07
  Well,
• 36:07
  it's
• 36:07
  4%
• 36:08
  of
• 36:08
  the
• 36:09
  purchase
• 36:09
  price,
• 36:09
  so
• 36:10
  that'd
• 36:10
  be
• 36:10
  $4,000.
• 36:11
  That
• 36:11
  goes
• 36:12
  to
• 36:12
  the
• 36:12
  hard
• 36:12
  money
• 36:13
  lender
• 36:13
  just
• 36:13
  for
• 36:13
  the
• 36:13
  privilege
• 36:14
  of
• 36:14
  borrowing
• 36:15
  the
• 36:16
  money.
• 36:16
  Now
• 36:16
  if
• 36:16
  you're
• 36:16
  borrowing
• 36:17
  it
• 36:17
  for
• 36:17
  six
• 36:17
  months,
• 36:17
  then
• 36:18
  you're
• 36:18
  paying
• 36:18
  $4,000
• 36:19
  for
• 36:19
  six
• 36:20
  months
• 36:20
  use
• 36:20
  of
• 36:21
  that
• 36:21
  money
• 36:21
  and
• 36:21
  you
• 36:22
  need
• 36:22
  to
• 36:22
  pay
• 36:22
  it
• 36:22
  back
• 36:22
  within
• 36:22
  six
• 36:23
  months.
• 36:24
  It
• 36:24
  could
• 36:24
  be
• 36:24
  a
• 36:24
  year,
• 36:25
  it
• 36:25
  could
• 36:25
  be
• 36:25
  two
• 36:25
  years,
• 36:25
  whatever
• 36:26
  it
• 36:26
  might
• 36:26
  be.
• 36:26
  But
• 36:27
  your
• 36:27
  goal,
• 36:27
  if
• 36:27
  you
• 36:27
  ever
• 36:28
  did
• 36:28
  get
• 36:28
  a
• 36:28
  hard
• 36:28
  money
• 36:28
  lender,
• 36:29
  use
• 36:29
  a
• 36:29
  hard
• 36:30
  money
• 36:30
  lender,
• 36:30
  is
• 36:31
  to
• 36:31
  get
• 36:31
  into
• 36:32
  a
• 36:32
  property
• 36:32
  and
• 36:33
  know
• 36:33
  beforehand
• 36:34
  how
• 36:35
  you
• 36:35
  are
• 36:35
  going
• 36:35
  to
• 36:35
  get
• 36:36
  back
• 36:36
  out
• 36:36
  of
• 36:37
  that
• 36:37
  hard
• 36:37
  money
• 36:38
  loan
• 36:38
  and
• 36:39
  get
• 36:39
  into
• 36:39
  something
• 36:39
  more
• 36:39
  permanent.
• 36:41
  So
• 36:41
  here's
• 36:41
  an
• 36:41
  example.
• 36:42
  You
• 36:42
  see
• 36:42
  a
• 36:43
  house
• 36:43
  for
• 36:43
  $100,000,
• 36:44
  you
• 36:44
  want
• 36:45
  to
• 36:45
  buy
• 36:45
  it,
• 36:45
  but
• 36:45
  you
• 36:45
  go
• 36:46
  to
• 36:46
  a,
• 36:46
  you
• 36:46
  don't
• 36:46
  have
• 36:46
  the
• 36:46
  money,
• 36:47
  the
• 36:47
  cash
• 36:47
  to
• 36:47
  buy
• 36:47
  it.
• 36:47
  So
• 36:47
  you
• 36:47
  go
• 36:48
  to
• 36:48
  a
• 36:48
  hard
• 36:48
  money
• 36:48
  lender
• 36:49
  and
• 36:49
  say,
• 36:50
  here's
• 36:50
  all
• 36:50
  the
• 36:50
  deals,
• 36:51
  or
• 36:51
  here's
• 36:51
  all
• 36:52
  the
• 36:52
  numbers
• 36:52
  for
• 36:52
  the
• 36:52
  deal.
• 36:53
  I
• 36:53
  want
• 36:53
  to
• 36:53
  borrow
• 36:54
  money
• 36:54
  for
• 36:54
  two
• 36:54
  years
• 36:55
  and
• 36:57
  I'll
• 36:57
  pay
• 36:58
  it
• 36:58
  off
• 36:58
  before
• 36:59
  the
• 36:59
  two
• 36:59
  years
• 36:59
  is
• 36:59
  up.
• 37:00
  So
• 37:01
  he'll
• 37:01
  give
• 37:01
  you
• 37:01
  the,
• 37:01
  you
• 37:01
  know,
• 37:01
  okay,
• 37:02
  15%
• 37:03
  is
• 37:04
  the
• 37:04
  interest
• 37:04
  rate.
• 37:05
  You're
• 37:05
  going
• 37:05
  to
• 37:05
  pay
• 37:05
  four
• 37:06
  points
• 37:06
  on
• 37:06
  it
• 37:06
  and
• 37:07
  I'll
• 37:07
  give
• 37:07
  you
• 37:07
  two
• 37:07
  years
• 37:08
  to
• 37:08
  pay
• 37:08
  it
• 37:08
  off.
• 37:08
  And
• 37:09
  this
• 37:09
  is
• 37:09
  how
• 37:09
  the
• 37:09
  monthly
• 37:10
  payments
• 37:10
  are
• 37:10
  going
• 37:10
  to
• 37:10
  be.
• 37:10
  You
• 37:10
  work
• 37:11
  all
• 37:11
  that
• 37:11
  out,
• 37:11
  but
• 37:12
  before
• 37:12
  you
• 37:12
  even
• 37:12
  sign
• 37:12
  on
• 37:13
  that,
• 37:13
  make
• 37:13
  sure
• 37:14
  that
• 37:14
  you
• 37:14
  can
• 37:15
  actually
• 37:15
  get
• 37:16
  a
• 37:16
  conventional
• 37:17
  loan
• 37:17
  right
• 37:18
  out
• 37:18
  of
• 37:18
  that.
• 37:18
  So
• 37:19
  within
• 37:19
  six
• 37:19
  months,
• 37:20
  you
• 37:20
  know,
• 37:20
  you
• 37:20
  bought
• 37:20
  the
• 37:21
  property
• 37:22
  after
• 37:22
  six
• 37:22
  months,
• 37:22
  you
• 37:22
  got
• 37:22
  it
• 37:23
  fixed
• 37:23
  up,
• 37:23
  you
• 37:23
  have
• 37:23
  it
• 37:24
  rented
• 37:24
  out,
• 37:24
  and
• 37:25
  by
• 37:25
  the
• 37:25
  seventh
• 37:25
  or
• 37:25
  eighth
• 37:26
  month
• 37:26
  you
• 37:26
  go
• 37:26
  out
• 37:26
  to
• 37:27
  the
• 37:27
  bank
• 37:27
  and
• 37:28
  say,
• 37:28
  hey,
• 37:28
  I
• 37:28
  have
• 37:29
  this
• 37:29
  property,
• 37:30
  it's
• 37:30
  my
• 37:30
  property
• 37:31
  and
• 37:31
  in
• 37:31
  six
• 37:32
  months,
• 37:32
  I've
• 37:32
  owned
• 37:33
  it
• 37:33
  for
• 37:33
  over
• 37:33
  six
• 37:33
  months.
• 37:34
  So
• 37:34
  it's
• 37:34
  been
• 37:34
  somewhat
• 37:35
  vested
• 37:35
  where
• 37:35
  banks
• 37:36
  don't
• 37:36
  want
• 37:36
  you
• 37:36
  to.
• 37:37
  Little
• 37:38
  side
• 37:38
  note,
• 37:39
  usually
• 37:40
  banks
• 37:40
  want
• 37:40
  you
• 37:40
  to
• 37:40
  own
• 37:40
  the
• 37:41
  house
• 37:41
  at
• 37:41
  least
• 37:42
  six
• 37:42
  months
• 37:42
  before
• 37:43
  they
• 37:43
  would
• 37:44
  lend
• 37:44
  money
• 37:45
  on
• 37:45
  the
• 37:45
  property.
• 37:46
  I've
• 37:46
  actually
• 37:46
  run
• 37:46
  into
• 37:47
  that
• 37:47
  many
• 37:47
  times.
• 37:48
  So
• 37:49
  after
• 37:49
  six
• 37:49
  months
• 37:49
  you
• 37:50
  can
• 37:50
  refinance
• 37:50
  the
• 37:50
  property,
• 37:51
  pay
• 37:51
  off
• 37:52
  the
• 37:52
  hard
• 37:52
  Money
• 37:52
  note,
• 37:54
  possibly
• 37:54
  even
• 37:54
  take
• 37:54
  money
• 37:55
  out
• 37:55
  and
• 37:55
  put
• 37:55
  it
• 37:55
  in
• 37:55
  your
• 37:55
  pocket,
• 37:56
  which
• 37:56
  I've
• 37:56
  done.
• 37:57
  And
• 37:58
  you
• 37:58
  can
• 37:58
  actually
• 37:59
  have
• 37:59
  a
• 37:59
  fixed
• 38:00
  loan
• 38:00
  instead
• 38:00
  of
• 38:01
  the
• 38:01
  hard
• 38:01
  money
• 38:01
  loan.
• 38:02
  Now
• 38:02
  you
• 38:02
  paid
• 38:02
  a
• 38:02
  few
• 38:03
  points,
• 38:03
  you
• 38:03
  paid
• 38:04
  high
• 38:04
  interest
• 38:04
  on
• 38:04
  it,
• 38:05
  which
• 38:05
  is
• 38:05
  true.
• 38:06
  Yeah.
• 38:06
  But
• 38:06
  now
• 38:06
  you
• 38:06
  have
• 38:07
  a
• 38:07
  property.
• 38:07
  Now
• 38:08
  you
• 38:08
  have
• 38:08
  the
• 38:08
  ability
• 38:08
  to
• 38:09
  grow
• 38:09
  your
• 38:09
  business
• 38:10
  into
• 38:11
  a
• 38:11
  bigger
• 38:11
  business
• 38:12
  because
• 38:12
  you
• 38:12
  now
• 38:13
  have
• 38:13
  one
• 38:13
  property,
• 38:13
  maybe
• 38:14
  two
• 38:14
  properties,
• 38:14
  three
• 38:15
  properties.
• 38:15
  But
• 38:15
  this
• 38:16
  is
• 38:16
  a
• 38:16
  way
• 38:16
  to
• 38:16
  actually
• 38:16
  get
• 38:16
  a
• 38:17
  property
• 38:17
  when
• 38:17
  you
• 38:17
  possibly
• 38:18
  could
• 38:18
  not
• 38:18
  have.
• 38:19
  Now
• 38:19
  I'll
• 38:19
  give
• 38:19
  you
• 38:19
  a
• 38:20
  tip
• 38:20
  on
• 38:20
  how
• 38:20
  to
• 38:20
  find
• 38:21
  hard
• 38:21
  money
• 38:22
  lenders.
• 38:22
  Super
• 38:23
  simple.
• 38:23
  And
• 38:24
  this
• 38:24
  is
• 38:24
  much
• 38:24
  easier
• 38:25
  to
• 38:25
  find
• 38:26
  the
• 38:26
  portfolio
• 38:27
  lenders,
• 38:27
  whatever
• 38:28
  state
• 38:28
  or
• 38:28
  city
• 38:29
  you're
• 38:29
  going
• 38:29
  to
• 38:29
  start
• 38:29
  investing
• 38:30
  in,
• 38:30
  let's
• 38:30
  say
• 38:30
  you're
• 38:30
  going
• 38:30
  to
• 38:30
  start
• 38:31
  investing
• 38:31
  in
• 38:31
  Los
• 38:31
  Angeles,
• 38:32
  which
• 38:32
  I
• 38:32
  would
• 38:32
  absolutely
• 38:34
  not
• 38:34
  recommend.
• 38:35
  The
• 38:35
  prices
• 38:36
  of
• 38:36
  the
• 38:36
  homes
• 38:37
  are
• 38:37
  ridiculously
• 38:38
  out
• 38:38
  priced
• 38:39
  compared
• 38:39
  to
• 38:39
  how
• 38:40
  much
• 38:40
  rent
• 38:40
  you
• 38:40
  can
• 38:41
  bring
• 38:41
  in.
• 38:41
  You
• 38:41
  know,
• 38:41
  let's
• 38:41
  scratch
• 38:42
  that.
• 38:42
  I
• 38:42
  don't
• 38:42
  want
• 38:43
  to
• 38:43
  talk
• 38:43
  about
• 38:43
  la.
• 38:43
  You're
• 38:44
  going
• 38:44
  to
• 38:44
  lose
• 38:44
  money
• 38:44
  if
• 38:44
  you
• 38:44
  invest
• 38:45
  there.
• 38:45
  At
• 38:45
  least
• 38:45
  my
• 38:45
  opinion,
• 38:46
  I
• 38:46
  don't
• 38:46
  want
• 38:46
  to
• 38:46
  invest
• 38:46
  there.
• 38:47
  So
• 38:47
  let's
• 38:47
  say
• 38:47
  Boise,
• 38:47
  Idaho.
• 38:48
  You're
• 38:48
  going
• 38:48
  to
• 38:49
  go
• 38:49
  to
• 38:49
  Boise,
• 38:49
  Idaho
• 38:50
  and
• 38:50
  you
• 38:50
  want
• 38:50
  to
• 38:50
  start
• 38:50
  buying
• 38:50
  somewhere
• 38:51
  in
• 38:51
  Boise
• 38:51
  area
• 38:52
  or
• 38:52
  outside
• 38:52
  of
• 38:53
  there.
• 38:53
  So
• 38:54
  you
• 38:54
  go
• 38:54
  to
• 38:54
  Google,
• 38:55
  Yahoo,
• 38:55
  Bing,
• 38:56
  whatever
• 38:56
  search
• 38:57
  engine
• 38:57
  you
• 38:57
  want,
• 38:57
  type
• 38:58
  in
• 38:59
  Boise
• 39:00
  hard
• 39:00
  money
• 39:01
  lenders
• 39:02
  and
• 39:02
  search.
• 39:03
  You're
• 39:03
  going
• 39:03
  to
• 39:03
  find
• 39:04
  plenty
• 39:04
  of
• 39:04
  Boise
• 39:05
  hard
• 39:05
  money
• 39:05
  lenders.
• 39:06
  There
• 39:06
  are
• 39:07
  actual
• 39:07
  reputable
• 39:08
  companies
• 39:08
  and
• 39:09
  you
• 39:09
  can
• 39:09
  hopefully
• 39:10
  see
• 39:10
  their
• 39:10
  reviews.
• 39:11
  Go
• 39:11
  to
• 39:11
  Yelp,
• 39:11
  check
• 39:12
  out
• 39:12
  the
• 39:12
  reviews.
• 39:13
  But
• 39:14
  I've
• 39:15
  actually
• 39:15
  worked
• 39:15
  with
• 39:15
  companies
• 39:16
  that
• 39:16
  do
• 39:16
  this.
• 39:17
  They
• 39:17
  give
• 39:17
  you
• 39:17
  the
• 39:17
  hard
• 39:18
  money
• 39:18
  lender
• 39:19
  money.
• 39:19
  They
• 39:19
  give
• 39:19
  you
• 39:19
  the
• 39:20
  hard
• 39:20
  money.
• 39:20
  They're
• 39:20
  the
• 39:20
  hard
• 39:21
  money
• 39:21
  lender.
• 39:21
  But
• 39:21
  they
• 39:22
  also
• 39:22
  have
• 39:23
  the
• 39:23
  ability
• 39:23
  to
• 39:24
  get
• 39:24
  a
• 39:24
  conventional
• 39:25
  loan.
• 39:25
  So
• 39:25
  they
• 39:25
  do
• 39:26
  both,
• 39:26
  they
• 39:26
  do
• 39:26
  the
• 39:27
  hard
• 39:27
  money
• 39:27
  lending
• 39:27
  and
• 39:28
  at
• 39:28
  the
• 39:28
  same
• 39:28
  time
• 39:29
  they
• 39:29
  qualify
• 39:29
  you
• 39:30
  for
• 39:30
  a
• 39:31
  conventional
• 39:32
  loan
• 39:32
  so
• 39:33
  that
• 39:33
  after
• 39:33
  six
• 39:34
  months
• 39:34
  they
• 39:34
  already
• 39:35
  have
• 39:35
  the
• 39:35
  ability
• 39:35
  to
• 39:35
  put
• 39:36
  you
• 39:36
  into
• 39:36
  a
• 39:36
  conventional
• 39:37
  loan
• 39:37
  for
• 39:37
  you.
• 39:38
  Rather
• 39:38
  than
• 39:38
  you
• 39:38
  finding
• 39:39
  a
• 39:39
  conventional
• 39:40
  loan
• 39:40
  and
• 39:40
  a
• 39:40
  hard
• 39:41
  money
• 39:41
  loan,
• 39:41
  trying
• 39:41
  to
• 39:41
  piece
• 39:41
  it
• 39:42
  all
• 39:42
  together,
• 39:42
  they
• 39:43
  will
• 39:43
  actually
• 39:43
  qualify
• 39:44
  you
• 39:44
  for
• 39:44
  both,
• 39:45
  get
• 39:45
  you
• 39:45
  in
• 39:45
  one,
• 39:46
  so
• 39:46
  you
• 39:46
  get
• 39:46
  the
• 39:46
  property,
• 39:47
  then
• 39:47
  get
• 39:47
  you
• 39:47
  into
• 39:48
  the
• 39:48
  conventional
• 39:49
  loan
• 39:49
  afterwards
• 39:50
  so
• 39:50
  that
• 39:50
  you
• 39:51
  don't
• 39:51
  even
• 39:51
  have
• 39:51
  to
• 39:51
  do
• 39:51
  that
• 39:52
  headache
• 39:52
  of
• 39:52
  finding
• 39:52
  another
• 39:54
  loan.
• 39:54
  They've
• 39:55
  actually
• 39:55
  done
• 39:55
  all
• 39:55
  the
• 39:55
  work,
• 39:55
  they
• 39:56
  pre
• 39:56
  qualified
• 39:56
  you,
• 39:57
  they've
• 39:57
  already
• 39:57
  done
• 39:57
  everything.
• 39:58
  So
• 39:58
  you're
• 39:58
  going
• 39:58
  to
• 39:59
  find
• 39:59
  lots
• 39:59
  and
• 39:59
  lots
• 40:00
  of
• 40:00
  hard
• 40:00
  money
• 40:00
  lenders.
• 40:00
  This
• 40:01
  is
• 40:01
  a
• 40:01
  great
• 40:01
  way
• 40:02
  to
• 40:02
  jump
• 40:02
  into
• 40:02
  properties
• 40:04
  and
• 40:04
  just
• 40:04
  make
• 40:05
  sure
• 40:05
  that
• 40:05
  you
• 40:05
  understand
• 40:06
  the,
• 40:06
  that
• 40:07
  you
• 40:07
  know,
• 40:07
  after
• 40:07
  six
• 40:08
  months
• 40:08
  the
• 40:09
  note
• 40:09
  comes
• 40:10
  due,
• 40:10
  whatever
• 40:11
  the
• 40:11
  term
• 40:11
  is,
• 40:11
  six
• 40:11
  months,
• 40:12
  one
• 40:12
  year,
• 40:12
  Two
• 40:12
  years,
• 40:13
  three
• 40:13
  years,
• 40:13
  the
• 40:14
  note
• 40:14
  comes
• 40:14
  due,
• 40:14
  which
• 40:14
  means
• 40:15
  you
• 40:15
  actually
• 40:15
  have
• 40:15
  to
• 40:15
  pay
• 40:15
  the
• 40:16
  entire
• 40:16
  amount
• 40:17
  off.
• 40:17
  But
• 40:17
  what
• 40:18
  you
• 40:18
  must
• 40:19
  do
• 40:19
  is
• 40:19
  figure
• 40:20
  out
• 40:20
  your
• 40:20
  exit
• 40:21
  strategy
• 40:21
  beforehand.
• 40:22
  How
• 40:22
  am
• 40:22
  I
• 40:23
  going
• 40:23
  to
• 40:23
  get
• 40:23
  out
• 40:23
  of
• 40:23
  this
• 40:24
  hard
• 40:24
  money
• 40:24
  loan
• 40:25
  beforehand?
• 40:25
  All
• 40:26
  right,
• 40:26
  next,
• 40:26
  let's
• 40:27
  move
• 40:27
  on
• 40:27
  to
• 40:27
  private
• 40:28
  money.
• 40:29
  Private
• 40:29
  money
• 40:30
  would
• 40:30
  be
• 40:30
  any
• 40:30
  money
• 40:31
  that
• 40:32
  from
• 40:32
  basically
• 40:33
  from
• 40:33
  anybody
• 40:33
  that
• 40:33
  you
• 40:33
  know.
• 40:34
  So
• 40:34
  it
• 40:34
  could
• 40:34
  be
• 40:34
  friends,
• 40:35
  could
• 40:35
  be
• 40:36
  family,
• 40:36
  could
• 40:36
  be
• 40:37
  an
• 40:37
  acquaintance,
• 40:37
  could
• 40:37
  be
• 40:38
  some
• 40:38
  business
• 40:38
  owner
• 40:39
  that
• 40:39
  you've
• 40:40
  talked
• 40:40
  to
• 40:40
  that
• 40:40
  you
• 40:41
  know
• 40:41
  and
• 40:41
  say,
• 40:41
  hey,
• 40:41
  I
• 40:41
  have
• 40:42
  this
• 40:42
  deal.
• 40:42
  Would
• 40:43
  you
• 40:43
  be
• 40:43
  interested
• 40:43
  in
• 40:43
  investing
• 40:44
  in
• 40:44
  it?
• 40:45
  So
• 40:45
  it's
• 40:45
  basically
• 40:46
  a
• 40:46
  way
• 40:46
  to
• 40:46
  find
• 40:47
  money
• 40:47
  that
• 40:48
  is
• 40:48
  in
• 40:49
  your
• 40:49
  relative
• 40:50
  network
• 40:50
  of
• 40:51
  influence.
• 40:51
  You
• 40:51
  know,
• 40:52
  the
• 40:52
  people
• 40:52
  that
• 40:52
  you
• 40:52
  know.
• 40:53
  You
• 40:53
  talk
• 40:53
  to
• 40:53
  the
• 40:54
  people
• 40:54
  and
• 40:54
  you
• 40:54
  say,
• 40:55
  you
• 40:55
  know
• 40:55
  anybody,
• 40:56
  your
• 40:56
  friends,
• 40:56
  family,
• 40:57
  your
• 40:57
  uncle.
• 40:58
  Let's
• 40:58
  say
• 40:58
  you
• 40:58
  go
• 40:58
  to
• 40:58
  your
• 40:58
  uncle
• 40:58
  and
• 40:59
  say,
• 40:59
  hey,
• 40:59
  I
• 40:59
  have
• 40:59
  this
• 40:59
  deal
• 41:00
  and
• 41:00
  I
• 41:01
  need
• 41:01
  $25,000
• 41:02
  for
• 41:02
  this
• 41:02
  deal.
• 41:03
  And
• 41:03
  this
• 41:03
  is
• 41:03
  what
• 41:04
  I'll
• 41:04
  give
• 41:04
  you.
• 41:04
  I'll
• 41:05
  give
• 41:05
  you
• 41:05
  10%
• 41:06
  of
• 41:06
  the
• 41:06
  deal
• 41:07
  or
• 41:07
  50%,
• 41:08
  whatever
• 41:08
  you
• 41:09
  want
• 41:09
  to
• 41:09
  offer,
• 41:10
  as
• 41:10
  well
• 41:11
  as
• 41:11
  I'm
• 41:11
  going
• 41:11
  to
• 41:11
  be
• 41:12
  able
• 41:12
  to
• 41:12
  refinance,
• 41:12
  pull
• 41:13
  the
• 41:13
  money
• 41:13
  out,
• 41:13
  pay
• 41:13
  you
• 41:13
  back
• 41:14
  within
• 41:14
  two
• 41:14
  years,
• 41:15
  basically
• 41:15
  using
• 41:15
  them
• 41:16
  as
• 41:16
  somewhat
• 41:16
  like
• 41:17
  a
• 41:17
  hard
• 41:17
  money
• 41:17
  lender.
• 41:17
  But
• 41:18
  you're
• 41:18
  able
• 41:18
  to
• 41:18
  bring
• 41:18
  them
• 41:19
  the
• 41:19
  deal,
• 41:19
  put
• 41:20
  them
• 41:20
  so
• 41:20
  that
• 41:21
  they
• 41:21
  are
• 41:21
  the
• 41:21
  banks,
• 41:22
  and
• 41:22
  you're
• 41:22
  paying
• 41:22
  them
• 41:23
  the
• 41:23
  money.
• 41:23
  So
• 41:24
  it's
• 41:24
  super
• 41:26
  touchy
• 41:27
  to
• 41:27
  talk
• 41:28
  about
• 41:28
  money
• 41:28
  and
• 41:29
  business
• 41:29
  with
• 41:29
  family
• 41:30
  and
• 41:30
  friends,
• 41:31
  but
• 41:31
  this
• 41:31
  is
• 41:32
  a
• 41:32
  huge
• 41:32
  option.
• 41:32
  I'll
• 41:33
  tell
• 41:33
  you.
• 41:33
  I've
• 41:33
  been
• 41:34
  blessed
• 41:34
  to
• 41:34
  have
• 41:34
  my
• 41:34
  dad
• 41:35
  when
• 41:36
  I
• 41:36
  was
• 41:36
  getting
• 41:37
  started,
• 41:37
  bless
• 41:38
  me,
• 41:38
  to
• 41:38
  be
• 41:38
  able
• 41:38
  to
• 41:38
  borrow
• 41:39
  a
• 41:39
  little
• 41:39
  bit
• 41:39
  of
• 41:39
  money
• 41:40
  to
• 41:40
  buy
• 41:40
  a
• 41:40
  house.
• 41:41
  And,
• 41:41
  you
• 41:41
  know,
• 41:41
  I
• 41:41
  was
• 41:41
  paying
• 41:42
  him,
• 41:42
  I
• 41:42
  think
• 41:42
  it
• 41:42
  was
• 41:42
  like
• 41:43
  9%
• 41:43
  interest.
• 41:43
  So
• 41:44
  I
• 41:44
  was
• 41:44
  actually
• 41:44
  paying
• 41:45
  quite
• 41:45
  a
• 41:45
  bit
• 41:45
  in
• 41:45
  interest,
• 41:46
  but
• 41:46
  I
• 41:46
  was
• 41:46
  able
• 41:46
  to
• 41:47
  borrow
• 41:47
  the
• 41:47
  money
• 41:47
  and
• 41:48
  then
• 41:49
  pay
• 41:49
  him
• 41:49
  back.
• 41:50
  And
• 41:50
  over,
• 41:50
  you
• 41:50
  know,
• 41:51
  the
• 41:51
  course
• 41:51
  of
• 41:51
  three
• 41:51
  to
• 41:51
  five
• 41:51
  years,
• 41:52
  I
• 41:52
  eventually
• 41:52
  had
• 41:52
  enough
• 41:52
  money
• 41:53
  where
• 41:53
  I
• 41:53
  paid
• 41:53
  off
• 41:53
  where
• 41:54
  I
• 41:54
  didn't
• 41:54
  own
• 41:54
  that
• 41:54
  money
• 41:54
  anymore.
• 41:55
  But
• 41:55
  that
• 41:55
  was
• 41:55
  a
• 41:55
  great
• 41:56
  way
• 41:56
  for
• 41:56
  me
• 41:56
  to
• 41:57
  build
• 41:57
  my
• 41:58
  business
• 41:58
  is
• 41:58
  by
• 41:59
  borrowing
• 41:59
  from
• 42:00
  my
• 42:00
  dad.
• 42:01
  Now,
• 42:01
  not
• 42:01
  all
• 42:02
  of
• 42:02
  us
• 42:02
  have
• 42:02
  a
• 42:02
  dad
• 42:02
  that
• 42:02
  can
• 42:02
  get
• 42:03
  that
• 42:03
  money,
• 42:03
  but
• 42:04
  you
• 42:04
  may
• 42:04
  have
• 42:04
  somebody,
• 42:04
  you
• 42:04
  know,
• 42:05
  maybe
• 42:05
  somebody
• 42:05
  you
• 42:05
  don't
• 42:06
  realize
• 42:06
  yet
• 42:07
  that
• 42:07
  could
• 42:08
  possibly
• 42:08
  be
• 42:08
  an
• 42:08
  investor
• 42:09
  with
• 42:09
  you
• 42:09
  and
• 42:09
  your
• 42:09
  business.
• 42:10
  What
• 42:10
  it
• 42:10
  comes
• 42:10
  down
• 42:11
  to
• 42:11
  is
• 42:11
  you
• 42:11
  being
• 42:11
  vocal,
• 42:12
  not
• 42:13
  necessarily
• 42:13
  asking
• 42:13
  everybody,
• 42:14
  hey,
• 42:14
  can
• 42:14
  I
• 42:14
  borrow
• 42:14
  money?
• 42:14
  Hey,
• 42:15
  can
• 42:15
  I
• 42:15
  borrow
• 42:15
  money?
• 42:15
  Hey,
• 42:16
  can
• 42:16
  I
• 42:16
  borrow
• 42:16
  money?
• 42:17
  Don't
• 42:17
  do
• 42:17
  that.
• 42:17
  I
• 42:17
  would
• 42:17
  say
• 42:18
  you're
• 42:18
  going
• 42:18
  to
• 42:18
  get
• 42:18
  very
• 42:19
  irritating
• 42:19
  very
• 42:19
  fast
• 42:20
  to
• 42:20
  many
• 42:20
  people,
• 42:20
  but
• 42:21
  what
• 42:21
  you
• 42:21
  can
• 42:21
  do
• 42:21
  is
• 42:22
  tell
• 42:22
  them
• 42:22
  that
• 42:22
  you're
• 42:22
  an
• 42:22
  investor
• 42:23
  you
• 42:23
  invest
• 42:24
  in
• 42:24
  real
• 42:24
  estate,
• 42:24
  you
• 42:25
  invest
• 42:25
  in
• 42:25
  rental
• 42:26
  properties.
• 42:26
  I
• 42:26
  have,
• 42:27
  because
• 42:27
  I
• 42:28
  quit
• 42:28
  my
• 42:28
  job
• 42:28
  because
• 42:28
  I
• 42:29
  have
• 42:29
  so
• 42:29
  many
• 42:29
  properties,
• 42:30
  because
• 42:30
  I've
• 42:30
  been
• 42:30
  doing
• 42:30
  it
• 42:31
  for
• 42:31
  so
• 42:31
  long.
• 42:31
  I
• 42:32
  have
• 42:32
  so
• 42:32
  many
• 42:32
  people
• 42:33
  that
• 42:33
  say
• 42:33
  to
• 42:33
  me,
• 42:33
  hey,
• 42:34
  if
• 42:34
  you
• 42:34
  need
• 42:35
  some
• 42:35
  money
• 42:35
  to
• 42:35
  invest,
• 42:36
  I
• 42:36
  want
• 42:36
  to
• 42:36
  invest
• 42:37
  my
• 42:37
  money.
• 42:37
  I
• 42:37
  want
• 42:37
  to
• 42:37
  get
• 42:38
  started
• 42:38
  doing
• 42:38
  this.
• 42:39
  Just
• 42:39
  come
• 42:39
  down,
• 42:39
  talk
• 42:40
  to
• 42:40
  me,
• 42:40
  and
• 42:40
  I'll
• 42:40
  give
• 42:40
  you
• 42:40
  money.
• 42:41
  And
• 42:41
  so
• 42:42
  what
• 42:42
  happens
• 42:42
  is,
• 42:43
  because
• 42:43
  I
• 42:44
  have
• 42:44
  talked
• 42:45
  about
• 42:45
  it
• 42:45
  so
• 42:45
  much
• 42:45
  or
• 42:46
  people
• 42:46
  know
• 42:46
  that's
• 42:46
  what
• 42:46
  I
• 42:46
  do,
• 42:46
  invest
• 42:47
  in
• 42:47
  real
• 42:47
  estate
• 42:47
  and
• 42:48
  rental
• 42:48
  properties.
• 42:48
  They
• 42:49
  look
• 42:49
  to
• 42:49
  me
• 42:49
  and
• 42:49
  say,
• 42:50
  hey,
• 42:50
  I'm
• 42:50
  going
• 42:50
  to
• 42:50
  invest
• 42:51
  in
• 42:51
  you.
• 42:52
  Not
• 42:52
  necessarily
• 42:53
  the
• 42:53
  deal,
• 42:53
  but
• 42:53
  I'm
• 42:54
  investing
• 42:54
  in
• 42:54
  you
• 42:55
  because
• 42:55
  you
• 42:55
  have
• 42:55
  a
• 42:56
  track
• 42:56
  record,
• 42:56
  because
• 42:56
  you
• 42:56
  have
• 42:57
  experience,
• 42:57
  because
• 42:57
  I
• 42:57
  want
• 42:57
  to
• 42:57
  make
• 42:58
  money.
• 42:59
  And
• 42:59
  so
• 43:00
  what
• 43:00
  people
• 43:00
  are
• 43:00
  going
• 43:00
  to
• 43:00
  be
• 43:01
  doing,
• 43:01
  private
• 43:01
  money,
• 43:01
  people,
• 43:02
  your
• 43:02
  friends,
• 43:02
  family
• 43:02
  and
• 43:03
  other
• 43:03
  people
• 43:03
  that
• 43:03
  you
• 43:03
  know,
• 43:04
  they're
• 43:04
  really
• 43:04
  investing
• 43:05
  in
• 43:05
  you
• 43:05
  also
• 43:06
  in
• 43:06
  the
• 43:06
  deal,
• 43:06
  but
• 43:07
  they're
• 43:07
  trusting
• 43:08
  that
• 43:08
  you're
• 43:08
  not
• 43:08
  going
• 43:08
  to
• 43:08
  lose
• 43:09
  their
• 43:09
  money,
• 43:09
  you're
• 43:09
  not
• 43:09
  going
• 43:09
  to
• 43:09
  waste
• 43:10
  their
• 43:10
  money
• 43:10
  and
• 43:10
  all
• 43:10
  that
• 43:11
  sort
• 43:11
  of
• 43:11
  stuff.
• 43:12
  So
• 43:12
  being
• 43:12
  able
• 43:12
  to
• 43:12
  find
• 43:13
  private
• 43:13
  money
• 43:13
  is
• 43:13
  a
• 43:14
  great
• 43:14
  way
• 43:14
  to
• 43:14
  grow
• 43:15
  your
• 43:15
  business,
• 43:15
  especially
• 43:16
  if
• 43:16
  you
• 43:16
  don't
• 43:16
  even
• 43:16
  have
• 43:17
  a
• 43:17
  business
• 43:17
  to
• 43:17
  start.
• 43:18
  If
• 43:18
  you
• 43:18
  can
• 43:18
  borrow
• 43:18
  some
• 43:19
  money
• 43:19
  so
• 43:19
  that
• 43:19
  you
• 43:20
  can
• 43:20
  get
• 43:20
  start
• 43:20
  your
• 43:20
  business
• 43:20
  and
• 43:21
  get
• 43:21
  your
• 43:21
  business
• 43:21
  started,
• 43:22
  then
• 43:22
  refinance
• 43:23
  the
• 43:23
  property,
• 43:23
  pull
• 43:23
  money
• 43:23
  out,
• 43:24
  pay
• 43:24
  off
• 43:24
  the
• 43:24
  private
• 43:24
  money,
• 43:25
  then
• 43:25
  you
• 43:25
  have
• 43:25
  a
• 43:25
  property.
• 43:26
  So
• 43:26
  use
• 43:27
  private,
• 43:27
  private
• 43:28
  money.
• 43:28
  This
• 43:28
  is
• 43:29
  another
• 43:29
  tool
• 43:29
  in
• 43:30
  your
• 43:30
  toolbox
• 43:30
  of
• 43:31
  how
• 43:31
  to
• 43:31
  find
• 43:32
  and
• 43:32
  fund
• 43:32
  your
• 43:32
  rental
• 43:33
  properties.
• 43:34
  Another
• 43:34
  one
• 43:34
  would
• 43:35
  be
• 43:35
  home
• 43:35
  equity
• 43:36
  lines
• 43:36
  of
• 43:36
  credit.
• 43:37
  Now,
• 43:37
  this
• 43:37
  would
• 43:38
  also
• 43:38
  be
• 43:39
  considered
• 43:39
  a
• 43:39
  heloc.
• 43:40
  That's
• 43:40
  the
• 43:40
  acronym
• 43:41
  for
• 43:41
  it,
• 43:41
  Home
• 43:42
  Equity
• 43:42
  Line
• 43:42
  of
• 43:42
  credit.
• 43:43
  So
• 43:43
  that's
• 43:43
  also
• 43:44
  home
• 43:44
  equity
• 43:44
  loans
• 43:45
  as
• 43:45
  well.
• 43:45
  Anything
• 43:46
  about
• 43:46
  your
• 43:46
  equity
• 43:47
  borrowing
• 43:47
  against
• 43:48
  the
• 43:48
  equity
• 43:48
  in
• 43:49
  your
• 43:49
  property?
• 43:50
  Now,
• 43:50
  there's
• 43:50
  two
• 43:51
  things.
• 43:51
  One
• 43:51
  is
• 43:51
  refinancing,
• 43:52
  pulling
• 43:53
  all
• 43:53
  the
• 43:53
  money
• 43:53
  out
• 43:54
  of
• 43:54
  the
• 43:54
  property,
• 43:54
  and
• 43:55
  refinancing,
• 43:55
  pulling
• 43:56
  more
• 43:57
  money
• 43:57
  out
• 43:58
  on
• 43:58
  top
• 43:58
  of
• 43:58
  it.
• 43:58
  So
• 43:59
  let's
• 43:59
  say
• 43:59
  the
• 44:00
  property's
• 44:00
  worth
• 44:00
  $200,000.
• 44:01
  You
• 44:01
  owe
• 44:01
  $100,000.
• 44:03
  So
• 44:03
  you
• 44:03
  have
• 44:03
  what
• 44:03
  it's
• 44:04
  worth,
• 44:04
  but
• 44:04
  you
• 44:05
  pull
• 44:05
  out
• 44:05
  $150,000
• 44:06
  total.
• 44:07
  Well,
• 44:07
  $100,000
• 44:08
  goes
• 44:08
  to
• 44:08
  refinancing
• 44:09
  the
• 44:09
  total
• 44:09
  mortgage
• 44:10
  of
• 44:10
  the
• 44:10
  first
• 44:10
  one.
• 44:11
  Then
• 44:11
  $50,000
• 44:12
  comes
• 44:12
  out
• 44:12
  and
• 44:12
  goes
• 44:13
  into
• 44:13
  your
• 44:13
  pocket.
• 44:13
  I've
• 44:14
  done
• 44:14
  this
• 44:14
  many
• 44:14
  times,
• 44:15
  and
• 44:15
  I've
• 44:15
  actually
• 44:16
  taken
• 44:16
  that
• 44:16
  50,000
• 44:17
  and
• 44:17
  bought
• 44:17
  more
• 44:17
  properties
• 44:17
  so
• 44:18
  that
• 44:18
  I
• 44:18
  can
• 44:18
  have
• 44:18
  more
• 44:18
  money
• 44:19
  coming
• 44:19
  in.
• 44:19
  So
• 44:19
  now
• 44:20
  you
• 44:20
  can
• 44:20
  do
• 44:20
  that
• 44:21
  too,
• 44:21
  where
• 44:21
  you
• 44:22
  pull
• 44:22
  more
• 44:22
  money
• 44:23
  out.
• 44:23
  Now,
• 44:23
  this
• 44:23
  is
• 44:23
  not
• 44:25
  home
• 44:25
  equity
• 44:26
  loan
• 44:26
  or
• 44:26
  HELOC
• 44:27
  line
• 44:27
  of
• 44:27
  credit,
• 44:28
  as
• 44:28
  well
• 44:28
  as
• 44:28
  the
• 44:28
  loans
• 44:28
  that's
• 44:29
  not
• 44:29
  what
• 44:29
  this
• 44:29
  is.
• 44:30
  This
• 44:30
  is
• 44:30
  a
• 44:30
  second
• 44:31
  on
• 44:31
  the
• 44:31
  property.
• 44:32
  So
• 44:32
  let's
• 44:33
  say
• 44:33
  the
• 44:33
  same
• 44:33
  property,
• 44:34
  Its
• 44:34
  value
• 44:34
  is
• 44:35
  $200,000.
• 44:36
  You
• 44:36
  owe
• 44:37
  $100,000,
• 44:37
  but
• 44:38
  you
• 44:38
  want
• 44:38
  to
• 44:38
  get
• 44:38
  a
• 44:38
  home
• 44:38
  equity
• 44:39
  line
• 44:39
  of
• 44:39
  credit
• 44:40
  or
• 44:40
  a
• 44:40
  home
• 44:40
  equity
• 44:41
  loan
• 44:41
  to
• 44:42
  take
• 44:42
  up
• 44:42
  that
• 44:42
  equity.
• 44:43
  So
• 44:43
  they're
• 44:44
  going
• 44:44
  to
• 44:44
  give
• 44:44
  you,
• 44:44
  let's
• 44:44
  say,
• 44:45
  round
• 44:45
  numbers,
• 44:46
  $50,000
• 44:47
  home
• 44:47
  equity
• 44:47
  line
• 44:47
  of
• 44:47
  credit
• 44:48
  or
• 44:48
  home
• 44:48
  equity
• 44:48
  loan.
• 44:49
  So
• 44:49
  you
• 44:49
  basically
• 44:50
  get
• 44:50
  a
• 44:51
  loan
• 44:51
  for
• 44:52
  $50,000.
• 44:53
  That's
• 44:54
  a
• 44:54
  second
• 44:54
  note.
• 44:55
  Like
• 44:56
  there's
• 44:56
  a
• 44:56
  first
• 44:56
  note,
• 44:57
  which
• 44:57
  is
• 44:57
  the
• 44:57
  100,000.
• 44:58
  Second
• 44:58
  net
• 44:58
  would
• 44:59
  be
• 44:59
  the
• 44:59
  $50,000.
• 45:00
  Now
• 45:01
  that
• 45:01
  $50,000
• 45:02
  goes
• 45:02
  in
• 45:02
  your
• 45:02
  pocket.
• 45:02
  If
• 45:03
  it's
• 45:03
  a
• 45:03
  home
• 45:03
  equity
• 45:03
  loan
• 45:03
  that
• 45:04
  you
• 45:04
  can
• 45:04
  spend
• 45:04
  however
• 45:04
  you
• 45:05
  want,
• 45:05
  you
• 45:05
  have
• 45:05
  to
• 45:05
  pay
• 45:06
  on
• 45:06
  that
• 45:06
  every
• 45:07
  single
• 45:07
  month
• 45:07
  because
• 45:08
  you
• 45:08
  now
• 45:08
  have
• 45:08
  a
• 45:08
  second
• 45:09
  mortgage.
• 45:10
  Or
• 45:10
  if
• 45:10
  you
• 45:10
  have
• 45:10
  a
• 45:10
  home
• 45:11
  equity
• 45:11
  line
• 45:11
  of
• 45:11
  credit
• 45:11
  where
• 45:12
  it's
• 45:12
  like
• 45:12
  a
• 45:12
  credit
• 45:12
  card,
• 45:13
  you
• 45:13
  basically
• 45:13
  have
• 45:14
  your
• 45:14
  house
• 45:14
  like
• 45:15
  a
• 45:15
  credit
• 45:15
  card.
• 45:15
  If
• 45:15
  you
• 45:16
  pay
• 45:17
  somebody,
• 45:17
  you
• 45:17
  know,
• 45:18
  $10,000
• 45:18
  to
• 45:18
  fix
• 45:19
  up
• 45:19
  a
• 45:19
  house,
• 45:19
  well,
• 45:20
  as
• 45:20
  you
• 45:20
  pay
• 45:20
  that
• 45:20
  $10,000
• 45:21
  down,
• 45:21
  eventually
• 45:22
  go
• 45:22
  back
• 45:22
  down
• 45:22
  to
• 45:22
  zero,
• 45:22
  like
• 45:22
  a
• 45:23
  credit
• 45:23
  card,
• 45:23
  and
• 45:23
  you
• 45:23
  won't
• 45:23
  be
• 45:24
  charged
• 45:24
  interest.
• 45:25
  Home
• 45:25
  equity
• 45:25
  loan
• 45:25
  is
• 45:26
  basically,
• 45:26
  you're
• 45:26
  pulling
• 45:26
  out
• 45:26
  all
• 45:27
  $50,000
• 45:27
  and
• 45:28
  you're
• 45:28
  paying
• 45:28
  it
• 45:28
  off
• 45:29
  over
• 45:29
  the
• 45:29
  term,
• 45:30
  you
• 45:30
  know,
• 45:30
  20
• 45:30
  years,
• 45:31
  30
• 45:31
  years
• 45:31
  or
• 45:31
  whatever
• 45:31
  it
• 45:32
  might
• 45:32
  be.
• 45:32
  So
• 45:33
  these
• 45:33
  are
• 45:33
  two
• 45:33
  great
• 45:33
  ways
• 45:34
  that
• 45:35
  you
• 45:35
  can
• 45:35
  actually
• 45:35
  use
• 45:36
  the
• 45:36
  equity
• 45:36
  in
• 45:36
  the
• 45:37
  houses
• 45:37
  that
• 45:37
  you
• 45:37
  own
• 45:38
  that
• 45:38
  you
• 45:38
  know,
• 45:38
  not
• 45:38
  just
• 45:39
  your
• 45:39
  personal
• 45:39
  residence,
• 45:40
  which
• 45:40
  I
• 45:40
  would
• 45:40
  recommend
• 45:40
  because
• 45:41
  I've
• 45:41
  done
• 45:41
  that
• 45:41
  many
• 45:41
  times,
• 45:42
  but
• 45:42
  your
• 45:43
  other
• 45:43
  rental
• 45:43
  properties.
• 45:44
  You
• 45:44
  can
• 45:44
  actually
• 45:44
  use
• 45:44
  the
• 45:44
  other
• 45:45
  rental
• 45:45
  properties,
• 45:45
  the
• 45:46
  equity
• 45:46
  in
• 45:46
  those,
• 45:46
  to
• 45:47
  buy
• 45:47
  more
• 45:48
  properties.
• 45:48
  It's
• 45:49
  absolutely
• 45:49
  fantastic.
• 45:51
  Now,
• 45:51
  that
• 45:51
  was
• 45:51
  the
• 45:51
  heloc,
• 45:52
  or
• 45:52
  the
• 45:52
  home
• 45:52
  equity
• 45:52
  line
• 45:52
  of
• 45:53
  credit,
• 45:53
  and
• 45:53
  the
• 45:53
  home
• 45:53
  equity
• 45:53
  loan.
• 45:54
  Now,
• 45:54
  another
• 45:55
  one
• 45:55
  I
• 45:55
  want
• 45:55
  to
• 45:55
  give
• 45:55
  you
• 45:56
  is
• 45:56
  partnerships.
• 45:57
  Now,
• 45:58
  I'm
• 45:58
  going
• 45:58
  to
• 45:58
  say,
• 45:58
  personally,
• 45:59
  I'm
• 46:00
  not
• 46:00
  a
• 46:00
  big
• 46:00
  fan
• 46:00
  of
• 46:00
  partners,
• 46:01
  because
• 46:01
  you
• 46:01
  split.
• 46:02
  Okay.
• 46:03
  Really
• 46:03
  what
• 46:03
  it
• 46:04
  comes
• 46:04
  down
• 46:04
  to,
• 46:04
  you
• 46:04
  have
• 46:05
  100%
• 46:05
  of
• 46:05
  liability
• 46:06
  still,
• 46:07
  even
• 46:07
  though
• 46:07
  you
• 46:07
  have
• 46:07
  partners,
• 46:08
  you
• 46:08
  don't
• 46:08
  take
• 46:08
  50%
• 46:09
  of
• 46:09
  the
• 46:09
  liability.
• 46:09
  You
• 46:10
  still
• 46:10
  have
• 46:10
  100%
• 46:10
  liability
• 46:11
  on
• 46:11
  you,
• 46:12
  but
• 46:12
  you
• 46:12
  take
• 46:12
  50%
• 46:13
  of
• 46:13
  the
• 46:13
  profits.
• 46:14
  If
• 46:14
  you
• 46:14
  have
• 46:14
  a
• 46:14
  partner
• 46:15
  or
• 46:15
  60,
• 46:15
  40
• 46:16
  or
• 46:16
  70,
• 46:16
  30,
• 46:17
  whatever
• 46:17
  you
• 46:17
  guys
• 46:17
  work
• 46:17
  out
• 46:17
  the
• 46:18
  partnership
• 46:18
  to
• 46:18
  be.
• 46:19
  But
• 46:20
  it's
• 46:20
  better
• 46:20
  to
• 46:21
  have
• 46:21
  a
• 46:21
  property
• 46:22
  than
• 46:23
  no
• 46:23
  property.
• 46:24
  And
• 46:24
  if
• 46:24
  you
• 46:24
  need
• 46:24
  to
• 46:25
  have
• 46:25
  a
• 46:25
  partner,
• 46:25
  bring
• 46:26
  in
• 46:26
  a
• 46:26
  partner
• 46:26
  that
• 46:26
  has
• 46:27
  the
• 46:27
  money
• 46:28
  to
• 46:28
  buy
• 46:28
  your
• 46:28
  first
• 46:28
  property,
• 46:29
  then
• 46:29
  absolutely
• 46:30
  do
• 46:30
  it.
• 46:30
  Because
• 46:30
  once
• 46:31
  you
• 46:31
  get
• 46:31
  started,
• 46:31
  then
• 46:31
  you
• 46:31
  can
• 46:32
  hopefully
• 46:32
  buy
• 46:32
  your
• 46:32
  partner
• 46:33
  out,
• 46:33
  or
• 46:33
  they
• 46:34
  can
• 46:34
  buy
• 46:34
  you
• 46:34
  out.
• 46:34
  You
• 46:35
  have
• 46:35
  more
• 46:35
  money
• 46:35
  now.
• 46:35
  You
• 46:35
  can
• 46:36
  buy
• 46:36
  another
• 46:36
  property.
• 46:36
  It's
• 46:37
  a
• 46:37
  way
• 46:37
  to
• 46:37
  get
• 46:37
  you
• 46:37
  started.
• 46:38
  So
• 46:39
  even
• 46:39
  though
• 46:39
  I
• 46:39
  gave
• 46:40
  that
• 46:40
  little
• 46:40
  disclaimer
• 46:41
  saying
• 46:41
  that
• 46:41
  I'm
• 46:41
  not
• 46:41
  a
• 46:41
  big
• 46:42
  fan
• 46:42
  of
• 46:42
  partnerships
• 46:42
  because
• 46:42
  you
• 46:43
  have
• 46:43
  100%
• 46:43
  of
• 46:43
  liability
• 46:45
  if
• 46:45
  it's
• 46:45
  the
• 46:45
  only
• 46:45
  way
• 46:45
  to
• 46:45
  get
• 46:45
  started.
• 46:46
  Absolutely
• 46:47
  do
• 46:47
  that.
• 46:47
  Get
• 46:48
  started
• 46:48
  buying
• 46:49
  investment
• 46:49
  properties.
• 46:50
  So
• 46:51
  partnerships
• 46:51
  are
• 46:52
  basically
• 46:53
  finding
• 46:53
  somebody
• 46:53
  else
• 46:54
  that
• 46:54
  either
• 46:54
  has
• 46:54
  the
• 46:54
  money
• 46:55
  or
• 46:55
  the
• 46:55
  experience
• 46:56
  or
• 46:56
  the
• 46:56
  deal
• 46:57
  or
• 46:57
  whatever
• 46:57
  it
• 46:57
  might
• 46:57
  be,
• 46:58
  and
• 46:58
  working
• 46:58
  together,
• 46:59
  either
• 46:59
  giving
• 47:00
  them
• 47:00
  equity
• 47:01
  in
• 47:01
  the
• 47:01
  deal
• 47:01
  or
• 47:02
  basically
• 47:03
  giving
• 47:03
  them
• 47:03
  a
• 47:03
  loan
• 47:04
  on
• 47:05
  the
• 47:05
  property.
• 47:06
  And
• 47:06
  so
• 47:07
  what
• 47:07
  you
• 47:07
  do
• 47:07
  is
• 47:07
  you
• 47:07
  have
• 47:09
  synergy.
• 47:10
  Synergy
• 47:10
  is
• 47:10
  a
• 47:11
  fancy
• 47:11
  word
• 47:11
  for
• 47:11
  basically
• 47:12
  the
• 47:13
  creation
• 47:14
  of
• 47:14
  the
• 47:14
  whole
• 47:15
  of
• 47:15
  the
• 47:15
  entire
• 47:16
  thing
• 47:17
  is
• 47:17
  basically
• 47:17
  greater
• 47:18
  than
• 47:18
  the
• 47:18
  sum
• 47:18
  of
• 47:19
  its
• 47:19
  parts.
• 47:19
  Fancy
• 47:20
  way
• 47:20
  of
• 47:20
  saying
• 47:21
  that
• 47:21
  if
• 47:22
  you
• 47:22
  have
• 47:22
  two
• 47:22
  people
• 47:22
  separate,
• 47:23
  they
• 47:23
  produce,
• 47:24
  you
• 47:24
  know,
• 47:25
  10
• 47:25
  and
• 47:25
  10.
• 47:25
  So
• 47:26
  person
• 47:26
  A
• 47:26
  produces
• 47:27
  10,
• 47:27
  person
• 47:27
  B
• 47:28
  produces
• 47:28
  10
• 47:28
  as
• 47:29
  well.
• 47:29
  Well,
• 47:30
  separately
• 47:30
  they
• 47:31
  produce
• 47:31
  20
• 47:31
  total.
• 47:32
  But
• 47:32
  if
• 47:32
  you
• 47:32
  put
• 47:33
  them
• 47:33
  together,
• 47:33
  they
• 47:34
  now
• 47:34
  produce
• 47:34
  30
• 47:35
  because
• 47:35
  they
• 47:35
  work
• 47:36
  better
• 47:36
  together,
• 47:37
  they
• 47:37
  produce
• 47:37
  more
• 47:37
  together.
• 47:38
  So
• 47:38
  that's
• 47:38
  really
• 47:39
  what
• 47:39
  comes
• 47:39
  down
• 47:39
  with
• 47:39
  partnerships.
• 47:40
  Now
• 47:40
  let's
• 47:41
  say
• 47:41
  if
• 47:41
  you
• 47:41
  had
• 47:41
  your
• 47:42
  own
• 47:42
  money
• 47:42
  and
• 47:42
  you
• 47:43
  wanted
• 47:43
  to
• 47:43
  buy
• 47:43
  a
• 47:43
  duplex,
• 47:44
  that
• 47:44
  makes
• 47:44
  $1,600
• 47:45
  a
• 47:46
  month,
• 47:46
  total
• 47:46
  purchase
• 47:47
  price
• 47:47
  being
• 47:47
  $250,000.
• 47:48
  20%
• 47:49
  down
• 47:49
  payment
• 47:50
  would
• 47:50
  be
• 47:50
  $50,000.
• 47:51
  But
• 47:51
  let's
• 47:52
  say
• 47:52
  you
• 47:52
  had
• 47:52
  a
• 47:52
  partner,
• 47:53
  you
• 47:53
  had
• 47:53
  three
• 47:54
  partners
• 47:54
  with
• 47:54
  you,
• 47:54
  you
• 47:55
  each
• 47:55
  had
• 47:55
  $50,000
• 47:56
  down.
• 47:57
  So
• 47:57
  instead
• 47:57
  of
• 47:57
  buying
• 47:58
  that
• 47:59
  $1,600
• 48:00
  a
• 48:00
  month
• 48:01
  passive
• 48:01
  income
• 48:01
  duplex,
• 48:02
  you
• 48:02
  know,
• 48:02
  that's
• 48:02
  $1,600.
• 48:03
  You
• 48:03
  make
• 48:03
  a
• 48:04
  month
• 48:04
  purchase
• 48:05
  price
• 48:05
  of
• 48:05
  $250,000.
• 48:07
  So
• 48:07
  instead
• 48:07
  of
• 48:07
  having
• 48:08
  $50,000
• 48:09
  in
• 48:09
  one
• 48:09
  deal,
• 48:10
  now
• 48:10
  you
• 48:10
  have
• 48:11
  three
• 48:11
  people
• 48:11
  with
• 48:12
  $50,000.
• 48:13
  Not
• 48:13
  saying
• 48:13
  you
• 48:13
  could
• 48:13
  find
• 48:13
  that,
• 48:13
  but
• 48:14
  if
• 48:14
  you
• 48:14
  did,
• 48:14
  you
• 48:15
  would
• 48:15
  have
• 48:15
  three
• 48:15
  people
• 48:16
  with
• 48:16
  150,000.
• 48:17
  Sorry,
• 48:18
  $50,000
• 48:18
  each
• 48:19
  comes
• 48:19
  out
• 48:19
  to
• 48:20
  $150,000.
• 48:21
  Well,
• 48:22
  that
• 48:22
  20%
• 48:22
  down
• 48:23
  payment
• 48:23
  will
• 48:23
  get
• 48:23
  you
• 48:23
  to
• 48:23
  be
• 48:24
  able,
• 48:24
  will
• 48:24
  allow
• 48:25
  you
• 48:25
  to
• 48:25
  buy
• 48:25
  a
• 48:26
  $750,000
• 48:28
  property.
• 48:28
  Imagine
• 48:29
  an
• 48:29
  18
• 48:29
  unit
• 48:30
  compartment
• 48:30
  complex
• 48:30
  with
• 48:31
  $8,000
• 48:32
  in
• 48:32
  monthly
• 48:33
  rent
• 48:34
  being
• 48:34
  split
• 48:34
  up
• 48:35
  between
• 48:35
  three
• 48:35
  people.
• 48:36
  Because
• 48:36
  you
• 48:37
  each
• 48:37
  put
• 48:37
  in
• 48:37
  $50,000.
• 48:39
  Your
• 48:39
  synergy
• 48:39
  together
• 48:40
  makes
• 48:40
  you
• 48:40
  even
• 48:40
  more
• 48:41
  money
• 48:41
  than
• 48:41
  if
• 48:41
  you
• 48:41
  were
• 48:42
  separate
• 48:42
  because
• 48:43
  you
• 48:43
  guys
• 48:43
  work
• 48:44
  together.
• 48:44
  So
• 48:45
  I
• 48:45
  would
• 48:45
  suggest
• 48:46
  looking
• 48:46
  into
• 48:47
  other
• 48:48
  people
• 48:48
  that
• 48:48
  are
• 48:49
  interested
• 48:49
  if
• 48:49
  you
• 48:49
  need
• 48:50
  to
• 48:50
  find
• 48:50
  a
• 48:50
  partner.
• 48:50
  If
• 48:50
  you
• 48:50
  need
• 48:51
  a
• 48:51
  partner
• 48:52
  because
• 48:52
  you
• 48:52
  don't
• 48:52
  have
• 48:53
  the
• 48:53
  money,
• 48:53
  you
• 48:53
  don't
• 48:53
  have
• 48:53
  the
• 48:53
  experience,
• 48:54
  resources,
• 48:54
  whatever
• 48:55
  it
• 48:55
  might
• 48:55
  be.
• 48:55
  Strongly
• 48:56
  recommend
• 48:56
  start
• 48:56
  looking
• 48:57
  for
• 48:57
  other
• 48:57
  people
• 48:57
  who
• 48:57
  are
• 48:57
  currently
• 48:58
  investing,
• 49:00
  any
• 49:00
  other
• 49:00
  person
• 49:01
  that
• 49:01
  is
• 49:01
  actually
• 49:01
  interested
• 49:02
  in
• 49:02
  investing.
• 49:02
  Because
• 49:03
  if
• 49:03
  you
• 49:04
  work
• 49:04
  with
• 49:04
  somebody
• 49:04
  else,
• 49:05
  you
• 49:05
  spread
• 49:06
  out
• 49:07
  all
• 49:07
  the
• 49:07
  extra
• 49:07
  work.
• 49:08
  You
• 49:08
  know,
• 49:08
  finding
• 49:08
  property
• 49:09
  managers,
• 49:09
  finding
• 49:09
  realtors,
• 49:10
  finding
• 49:11
  Contractors,
• 49:12
  you
• 49:12
  split
• 49:12
  up
• 49:12
  the
• 49:12
  work,
• 49:13
  you
• 49:13
  also
• 49:13
  split
• 49:14
  up
• 49:14
  the
• 49:14
  money.
• 49:15
  You
• 49:15
  know,
• 49:15
  if
• 49:15
  they
• 49:15
  put
• 49:16
  in
• 49:16
  50,000
• 49:16
  or
• 49:17
  even
• 49:17
  $5,000,
• 49:18
  you
• 49:18
  have
• 49:18
  three
• 49:19
  people
• 49:19
  putting
• 49:19
  $5,000.
• 49:20
  You
• 49:20
  have
• 49:20
  $15,000
• 49:21
  now.
• 49:21
  Now,
• 49:22
  to
• 49:22
  put
• 49:22
  down
• 49:22
  on
• 49:22
  a
• 49:22
  property.
• 49:23
  So
• 49:24
  getting
• 49:24
  a
• 49:24
  partnership,
• 49:25
  having
• 49:25
  a
• 49:25
  partner,
• 49:26
  or
• 49:26
  many
• 49:26
  partners
• 49:27
  is
• 49:27
  a
• 49:27
  great
• 49:27
  way
• 49:28
  to
• 49:28
  find
• 49:29
  properties.
• 49:30
  Sorry,
• 49:30
  to
• 49:30
  fund
• 49:31
  properties.
• 49:31
  Now
• 49:32
  let
• 49:32
  me
• 49:32
  give
• 49:32
  you
• 49:32
  another
• 49:32
  one.
• 49:32
  So
• 49:33
  another
• 49:33
  one
• 49:33
  would
• 49:33
  be
• 49:34
  credit
• 49:34
  cards.
• 49:35
  Now,
• 49:35
  I
• 49:36
  know
• 49:36
  what
• 49:36
  you're
• 49:36
  thinking,
• 49:36
  okay,
• 49:37
  Credit
• 49:37
  cards.
• 49:37
  Buying
• 49:38
  a
• 49:38
  house
• 49:38
  with
• 49:38
  credit
• 49:39
  cards.
• 49:39
  Absolutely.
• 49:40
  In
• 49:40
  fact,
• 49:40
  I've
• 49:40
  actually
• 49:41
  bought
• 49:41
  two.
• 49:41
  Can
• 49:42
  you
• 49:42
  think
• 49:42
  how
• 49:42
  stupid
• 49:42
  that
• 49:42
  is?
• 49:42
  I
• 49:43
  actually
• 49:43
  bought
• 49:43
  two
• 49:43
  houses
• 49:44
  with
• 49:44
  one
• 49:44
  credit
• 49:45
  card.
• 49:45
  I'll
• 49:46
  tell
• 49:46
  you
• 49:46
  what
• 49:46
  happened.
• 49:46
  So
• 49:47
  as
• 49:47
  I
• 49:47
  was
• 49:48
  in
• 49:48
  2009
• 49:50
  or.
• 49:50
  Sorry,
• 49:50
  it
• 49:50
  was
• 49:50
  2008,
• 49:51
  right
• 49:51
  before
• 49:51
  the
• 49:51
  crash.
• 49:52
  It
• 49:52
  was
• 49:52
  literally
• 49:53
  like
• 49:54
  three
• 49:54
  months
• 49:55
  before
• 49:55
  the
• 49:55
  crash
• 49:56
  hit,
• 49:56
  I
• 49:56
  got
• 49:56
  a
• 49:56
  letter
• 49:57
  from
• 49:58
  a
• 49:58
  bank
• 49:59
  that
• 49:59
  said,
• 49:59
  hey,
• 50:00
  open
• 50:00
  this
• 50:00
  credit
• 50:00
  card.
• 50:01
  We'll
• 50:01
  give
• 50:01
  you.
• 50:02
  I
• 50:02
  think
• 50:02
  it
• 50:02
  was
• 50:02
  like
• 50:02
  $15,000
• 50:03
  or
• 50:04
  something
• 50:04
  like
• 50:04
  that.
• 50:05
  But
• 50:05
  we're
• 50:05
  going
• 50:05
  to
• 50:05
  give
• 50:05
  you
• 50:07
  a
• 50:08
  low,
• 50:08
  low,
• 50:09
  low
• 50:09
  interest
• 50:10
  loan
• 50:10
  for
• 50:10
  the
• 50:11
  life
• 50:11
  of
• 50:11
  the
• 50:11
  balance.
• 50:12
  So
• 50:12
  if
• 50:12
  you
• 50:12
  pull
• 50:12
  out
• 50:13
  money,
• 50:13
  so
• 50:13
  it
• 50:13
  could
• 50:14
  be
• 50:14
  cash
• 50:14
  out
• 50:14
  or
• 50:15
  purchases
• 50:15
  for
• 50:16
  the
• 50:16
  life
• 50:16
  of
• 50:17
  that
• 50:17
  cash
• 50:17
  out,
• 50:17
  I'm
• 50:18
  going
• 50:18
  to
• 50:18
  get.
• 50:18
  We're
• 50:18
  going
• 50:18
  to
• 50:18
  give
• 50:18
  you.075%
• 50:21
  interest.
• 50:22
  And
• 50:22
  I
• 50:23
  thought
• 50:23
  to
• 50:23
  myself,
• 50:24
  075
• 50:25
  interest
• 50:25
  on
• 50:25
  money
• 50:26
  that's
• 50:26
  absolutely
• 50:27
  ridiculously
• 50:28
  cheap.
• 50:29
  Like,
• 50:29
  I'm
• 50:29
  hoping
• 50:30
  to
• 50:30
  get
• 50:30
  a
• 50:30
  4%
• 50:31
  banknote
• 50:32
  on
• 50:32
  a
• 50:32
  property,
• 50:33
  you
• 50:33
  know,
• 50:33
  a
• 50:33
  mortgage
• 50:33
  for
• 50:33
  4%.
• 50:34
  This
• 50:34
  is
• 50:36
  0.75.
• 50:38
  Sorry,
• 50:38
  0.75.
• 50:39
  So
• 50:39
  it's
• 50:39
  not
• 50:39
  even
• 50:39
  1
• 50:40
  point
• 50:40
  or
• 50:40
  not
• 50:40
  1%.
• 50:41
  I
• 50:42
  said,
• 50:42
  that
• 50:42
  is
• 50:42
  cheap
• 50:42
  money.
• 50:43
  They're
• 50:44
  actually
• 50:44
  paying
• 50:44
  me,
• 50:44
  because
• 50:45
  of
• 50:45
  inflation,
• 50:45
  over
• 50:45
  3%
• 50:46
  a
• 50:46
  year.
• 50:46
  It's
• 50:47
  average
• 50:47
  out
• 50:48
  3%
• 50:48
  a
• 50:48
  year.
• 50:48
  They're
• 50:49
  actually
• 50:49
  paying
• 50:49
  me.
• 50:49
  They're
• 50:50
  losing
• 50:50
  money
• 50:50
  on
• 50:50
  the
• 50:50
  deal.
• 50:51
  So
• 50:51
  I
• 50:51
  said,
• 50:51
  absolutely.
• 50:52
  So
• 50:52
  I
• 50:52
  took
• 50:52
  out
• 50:52
  the
• 50:52
  credit
• 50:53
  card,
• 50:53
  wrote
• 50:53
  myself
• 50:54
  a
• 50:54
  check,
• 50:54
  pulled
• 50:55
  out
• 50:55
  all
• 50:55
  the
• 50:55
  money
• 50:55
  that
• 50:56
  I
• 50:56
  could
• 50:56
  and
• 50:56
  put
• 50:57
  it
• 50:57
  in
• 50:57
  my
• 50:57
  bank
• 50:57
  account
• 50:57
  and
• 50:58
  then
• 50:58
  bought
• 50:58
  two
• 50:59
  properties.
• 50:59
  If
• 50:59
  you
• 50:59
  know
• 51:00
  my
• 51:00
  story,
• 51:00
  I
• 51:00
  started
• 51:01
  with
• 51:01
  really,
• 51:01
  really
• 51:02
  cheap
• 51:02
  properties.
• 51:03
  One
• 51:03
  property,
• 51:03
  the
• 51:03
  lowest
• 51:04
  I
• 51:04
  think
• 51:04
  I
• 51:04
  bought
• 51:04
  was
• 51:04
  like
• 51:04
  $6,500
• 51:05
  for
• 51:06
  a
• 51:06
  property.
• 51:06
  So
• 51:06
  I
• 51:07
  bought
• 51:07
  two
• 51:07
  properties
• 51:08
  with
• 51:08
  this
• 51:08
  one
• 51:09
  credit
• 51:09
  card
• 51:10
  and
• 51:10
  this
• 51:10
  one
• 51:10
  credit
• 51:10
  card.
• 51:12
  The
• 51:12
  monthly
• 51:13
  payments,
• 51:13
  I
• 51:13
  think
• 51:13
  was
• 51:13
  like
• 51:14
  $280.
• 51:15
  But
• 51:15
  with
• 51:16
  those
• 51:16
  two
• 51:16
  properties
• 51:16
  that
• 51:17
  brought
• 51:17
  in,
• 51:17
  I
• 51:17
  want
• 51:17
  to
• 51:17
  say,
• 51:17
  $500
• 51:18
  a
• 51:18
  month.
• 51:19
  So
• 51:19
  I
• 51:20
  was
• 51:20
  still
• 51:20
  on
• 51:21
  top
• 51:21
  of
• 51:21
  property
• 51:22
  management
• 51:22
  fees,
• 51:22
  insurance,
• 51:24
  taxes,
• 51:24
  things
• 51:24
  like
• 51:25
  that.
• 51:25
  I
• 51:25
  was
• 51:25
  still
• 51:26
  pocketing
• 51:26
  with
• 51:26
  those
• 51:26
  two
• 51:27
  properties,
• 51:27
  I
• 51:28
  think
• 51:28
  it
• 51:28
  was
• 51:28
  like
• 51:28
  $500,
• 51:29
  maybe
• 51:30
  450
• 51:30
  somewhere
• 51:31
  around
• 51:31
  there
• 51:31
  with
• 51:32
  the
• 51:32
  credit
• 51:32
  card
• 51:33
  payment.
• 51:33
  Now,
• 51:34
  since
• 51:34
  Then
• 51:34
  I
• 51:34
  paid
• 51:34
  off
• 51:34
  the
• 51:35
  credit
• 51:35
  card.
• 51:35
  I
• 51:35
  got
• 51:35
  all.
• 51:36
  I
• 51:36
  still
• 51:36
  own
• 51:37
  those
• 51:37
  properties
• 51:37
  and
• 51:37
  they're
• 51:38
  making
• 51:38
  money
• 51:38
  hand
• 51:39
  over
• 51:39
  fist
• 51:39
  now.
• 51:40
  But
• 51:41
  that's
• 51:41
  another
• 51:41
  way
• 51:42
  that
• 51:42
  you
• 51:42
  can
• 51:42
  get
• 51:42
  creative
• 51:43
  if
• 51:43
  you
• 51:44
  can
• 51:44
  possibly
• 51:44
  figure
• 51:45
  out
• 51:45
  a
• 51:45
  way
• 51:45
  to
• 51:45
  find
• 51:45
  cheap
• 51:46
  money.
• 51:46
  And
• 51:46
  you
• 51:47
  know,
• 51:47
  if
• 51:47
  one
• 51:47
  comes
• 51:47
  in
• 51:48
  the
• 51:48
  mail,
• 51:48
  which
• 51:48
  this
• 51:49
  was
• 51:49
  like
• 51:49
  I
• 51:49
  said
• 51:49
  before
• 51:49
  the
• 51:50
  crash,
• 51:50
  after
• 51:50
  the
• 51:51
  crash,
• 51:51
  that
• 51:51
  was
• 51:52
  dried
• 51:52
  up.
• 51:52
  I
• 51:52
  never
• 51:52
  see
• 51:52
  those
• 51:53
  anymore.
• 51:53
  But
• 51:53
  who
• 51:53
  knows,
• 51:54
  they
• 51:54
  might
• 51:54
  come
• 51:54
  out
• 51:54
  again.
• 51:55
  That
• 51:55
  could
• 51:55
  be
• 51:55
  another
• 51:55
  potential
• 51:56
  way
• 51:56
  you
• 51:56
  can
• 51:56
  find
• 51:57
  another
• 51:57
  property
• 51:57
  or
• 51:58
  fund
• 51:58
  another
• 51:58
  property.
• 51:59
  So
• 51:59
  let's
• 51:59
  put
• 52:00
  all
• 52:00
  together.
• 52:00
  So
• 52:00
  basically
• 52:01
  putting
• 52:01
  this
• 52:02
  all
• 52:02
  together
• 52:02
  is
• 52:02
  finding
• 52:03
  different
• 52:03
  ways
• 52:04
  to
• 52:04
  get
• 52:04
  creative.
• 52:05
  You
• 52:05
  know,
• 52:06
  maybe
• 52:06
  part
• 52:06
  of
• 52:06
  it
• 52:06
  could
• 52:06
  be
• 52:08
  you
• 52:08
  have
• 52:08
  cash
• 52:09
  and
• 52:09
  another
• 52:09
  part
• 52:09
  would
• 52:10
  be
• 52:10
  conventional
• 52:11
  loan.
• 52:11
  The
• 52:11
  other
• 52:11
  part
• 52:12
  would
• 52:12
  be
• 52:12
  seller
• 52:13
  financing.
• 52:13
  Other
• 52:14
  part
• 52:14
  was
• 52:14
  you
• 52:14
  used
• 52:15
  a
• 52:15
  credit
• 52:15
  card
• 52:15
  to
• 52:16
  help
• 52:16
  you,
• 52:16
  you
• 52:16
  know,
• 52:16
  fund
• 52:17
  the
• 52:17
  cash
• 52:17
  portion.
• 52:18
  It
• 52:18
  could
• 52:18
  be
• 52:18
  many
• 52:19
  different
• 52:19
  ways.
• 52:19
  It
• 52:19
  could
• 52:19
  be
• 52:20
  even
• 52:20
  something
• 52:20
  where
• 52:21
  you
• 52:22
  have
• 52:22
  10%
• 52:23
  cash
• 52:23
  down.
• 52:24
  The
• 52:24
  seller
• 52:24
  financing
• 52:25
  gives
• 52:25
  10%
• 52:26
  of
• 52:26
  the
• 52:27
  seller
• 52:27
  financing
• 52:27
  and
• 52:28
  then
• 52:28
  you
• 52:28
  get
• 52:28
  80%
• 52:29
  loan
• 52:29
  to
• 52:29
  get
• 52:29
  the
• 52:29
  deal.
• 52:30
  It
• 52:30
  could
• 52:30
  be
• 52:30
  any
• 52:31
  of
• 52:31
  these
• 52:31
  many
• 52:31
  different
• 52:32
  ways.
• 52:32
  Getting
• 52:32
  a
• 52:33
  hard
• 52:33
  money
• 52:34
  loan
• 52:34
  and
• 52:34
  then
• 52:34
  moving
• 52:35
  that
• 52:35
  directly
• 52:35
  into
• 52:36
  a
• 52:36
  conventional
• 52:36
  loan.
• 52:36
  It
• 52:36
  could
• 52:37
  be
• 52:37
  any
• 52:37
  of
• 52:38
  these
• 52:38
  fantastic
• 52:39
  ways
• 52:39
  to
• 52:39
  put
• 52:40
  them
• 52:40
  all
• 52:40
  together
• 52:40
  to
• 52:41
  find
• 52:41
  it
• 52:41
  and
• 52:41
  fund
• 52:41
  a
• 52:42
  property.
• 52:42
  Now
• 52:43
  I'm
• 52:43
  going
• 52:43
  to
• 52:43
  encourage
• 52:44
  you
• 52:44
  to
• 52:44
  get
• 52:44
  creative
• 52:45
  and
• 52:45
  to
• 52:46
  think
• 52:46
  of
• 52:46
  how
• 52:46
  you
• 52:47
  can
• 52:47
  solve
• 52:47
  a
• 52:47
  problem,
• 52:48
  not
• 52:48
  how
• 52:49
  a
• 52:49
  problem
• 52:49
  becomes
• 52:50
  a
• 52:50
  roadblock
• 52:51
  and
• 52:51
  stops
• 52:51
  you
• 52:51
  from
• 52:51
  going
• 52:52
  further.
• 52:52
  Hey,
• 52:53
  if
• 52:53
  you
• 52:53
  can't
• 52:54
  do
• 52:54
  it
• 52:54
  with
• 52:54
  just
• 52:54
  conventional,
• 52:55
  figure
• 52:56
  out,
• 52:56
  maybe
• 52:56
  ask
• 52:56
  for
• 52:56
  seller
• 52:57
  financing.
• 52:57
  Maybe.
• 52:58
  See,
• 52:58
  is
• 52:58
  there
• 52:58
  a
• 52:58
  way
• 52:59
  I
• 52:59
  can
• 52:59
  use
• 52:59
  my
• 52:59
  credit
• 52:59
  card?
• 53:00
  I
• 53:00
  would
• 53:00
  say
• 53:00
  make
• 53:01
  sure
• 53:01
  that
• 53:01
  it's
• 53:02
  the
• 53:02
  right
• 53:02
  credit
• 53:02
  card
• 53:02
  that
• 53:02
  you
• 53:02
  use.
• 53:04
  Maybe
• 53:04
  it
• 53:04
  could
• 53:04
  be
• 53:05
  a
• 53:05
  hard
• 53:05
  money
• 53:06
  lender.
• 53:06
  Whatever
• 53:07
  it
• 53:07
  might
• 53:07
  be,
• 53:07
  work
• 53:07
  all
• 53:08
  these
• 53:08
  together
• 53:09
  so
• 53:09
  that
• 53:09
  you
• 53:10
  can
• 53:10
  fund
• 53:11
  the
• 53:11
  properties.
• 53:12
  Because
• 53:12
  once
• 53:12
  you
• 53:12
  have
• 53:12
  a
• 53:12
  deal,
• 53:13
  you
• 53:13
  don't
• 53:13
  want
• 53:13
  to
• 53:13
  let
• 53:13
  it
• 53:13
  go.
• 53:14
  Get
• 53:14
  creative
• 53:15
  and
• 53:15
  think
• 53:16
  of,
• 53:16
  hey,
• 53:16
  I
• 53:16
  got
• 53:16
  to
• 53:17
  solve
• 53:17
  this
• 53:17
  problem.
• 53:18
  I'm
• 53:18
  an
• 53:18
  entrepreneur,
• 53:18
  I'm
• 53:19
  a
• 53:19
  business
• 53:19
  owner.
• 53:19
  This
• 53:20
  is
• 53:20
  a
• 53:20
  problem
• 53:20
  I
• 53:20
  need
• 53:20
  to
• 53:21
  solve.
• 53:21
  If
• 53:21
  I
• 53:21
  solve
• 53:22
  it,
• 53:22
  I
• 53:22
  make
• 53:22
  a
• 53:22
  ton
• 53:22
  of
• 53:22
  money.
• 53:23
  If
• 53:23
  I
• 53:23
  don't
• 53:23
  solve
• 53:23
  it,
• 53:23
  you
• 53:24
  know,
• 53:24
  hey,
• 53:24
  there
• 53:24
  goes
• 53:24
  the
• 53:25
  deal.
• 53:25
  So
• 53:26
  this
• 53:26
  has
• 53:26
  been
• 53:27
  the
• 53:28
  episode
• 53:28
  number
• 53:28
  two
• 53:29
  on
• 53:29
  how
• 53:29
  to
• 53:29
  finance
• 53:30
  your
• 53:30
  rental
• 53:31
  property
• 53:31
  deals.
• 53:32
  Like
• 53:32
  I
• 53:32
  said,
• 53:32
  this
• 53:32
  is
• 53:33
  heavily,
• 53:33
  heavily
• 53:34
  interested.
• 53:34
  It's
• 53:35
  heavy
• 53:35
  interest
• 53:35
  in
• 53:35
  buy
• 53:36
  it
• 53:36
  from
• 53:36
  many,
• 53:36
  many
• 53:36
  people.
• 53:37
  So
• 53:38
  many
• 53:38
  more
• 53:38
  people
• 53:38
  like
• 53:39
  this
• 53:39
  is
• 53:39
  twice
• 53:40
  visited
• 53:40
  over
• 53:41
  compared
• 53:41
  to
• 53:41
  every
• 53:42
  single
• 53:42
  page
• 53:42
  on
• 53:43
  my
• 53:43
  blog
• 53:44
  because
• 53:44
  people
• 53:44
  are
• 53:44
  so
• 53:45
  interested
• 53:45
  in
• 53:45
  this.
• 53:45
  And
• 53:46
  so
• 53:46
  I
• 53:46
  have
• 53:46
  a
• 53:46
  lot
• 53:46
  more
• 53:47
  on
• 53:48
  my
• 53:48
  blog
• 53:48
  and
• 53:48
  in
• 53:49
  my
• 53:49
  courses
• 53:49
  that
• 53:49
  teach
• 53:50
  about
• 53:50
  how
• 53:50
  to
• 53:50
  actually
• 53:51
  fund
• 53:51
  properties.
• 53:52
  This
• 53:52
  basically
• 53:53
  just
• 53:53
  scratches
• 53:53
  the
• 53:54
  surface
• 53:54
  on
• 53:54
  all
• 53:54
  the
• 53:54
  funding
• 53:55
  options
• 53:56
  that
• 53:56
  you
• 53:56
  can
• 53:56
  probably
• 53:56
  get.
• 53:57
  And
• 53:57
  I'm
• 53:58
  going
• 53:58
  to
• 53:58
  encourage
• 53:58
  you
• 53:58
  to
• 53:59
  look
• 53:59
  into
• 54:00
  furthering
• 54:01
  your
• 54:01
  knowledge
• 54:02
  and
• 54:03
  contacts
• 54:03
  and
• 54:03
  networking
• 54:04
  of
• 54:05
  people
• 54:05
  that
• 54:05
  might
• 54:06
  have
• 54:06
  money.
• 54:06
  You
• 54:06
  might
• 54:06
  even
• 54:07
  get
• 54:07
  an
• 54:07
  angel
• 54:08
  investor.
• 54:08
  Not
• 54:09
  necessarily
• 54:09
  angel
• 54:10
  investor,
• 54:10
  that
• 54:10
  would
• 54:10
  be
• 54:10
  like
• 54:10
  a
• 54:11
  business,
• 54:11
  but
• 54:11
  an
• 54:11
  investor
• 54:12
  that
• 54:12
  has
• 54:13
  cash,
• 54:13
  that
• 54:13
  only
• 54:14
  wants
• 54:14
  to
• 54:14
  invest
• 54:14
  cash,
• 54:15
  wants
• 54:15
  to
• 54:16
  make
• 54:16
  a
• 54:16
  20%
• 54:16
  return
• 54:17
  on
• 54:17
  his
• 54:17
  money
• 54:17
  and
• 54:18
  then
• 54:18
  you
• 54:18
  pay
• 54:18
  him
• 54:18
  off.
• 54:19
  You
• 54:19
  know,
• 54:19
  be
• 54:19
  somewhat
• 54:19
  like
• 54:19
  a
• 54:20
  hard
• 54:20
  money,
• 54:21
  a
• 54:21
  cross
• 54:21
  between
• 54:21
  hard
• 54:22
  money
• 54:22
  as
• 54:22
  well
• 54:22
  as
• 54:22
  private
• 54:23
  financing.
• 54:24
  But
• 54:24
  you
• 54:24
  might
• 54:24
  have
• 54:24
  a
• 54:24
  private
• 54:24
  investor
• 54:25
  if
• 54:25
  you
• 54:25
  can
• 54:25
  find
• 54:26
  somebody
• 54:26
  like
• 54:26
  that.
• 54:26
  There
• 54:27
  are
• 54:27
  many
• 54:27
  different
• 54:27
  ways
• 54:28
  to
• 54:28
  fund
• 54:28
  properties
• 54:29
  and
• 54:29
  this
• 54:30
  was
• 54:30
  the
• 54:30
  second
• 54:30
  episode
• 54:31
  of
• 54:32
  the
• 54:32
  Master
• 54:32
  passive
• 54:33
  Income
• 54:34
  podcast.
• 54:34
  Thank
• 54:35
  you
• 54:35
  so
• 54:35
  much
• 54:35
  for
• 54:35
  listening
• 54:35
  with
• 54:36
  me
• 54:36
  and
• 54:36
  I
• 54:36
  hope
• 54:37
  that
• 54:37
  you
• 54:37
  get
• 54:37
  started.
• 54:37
  I
• 54:38
  hope
• 54:38
  you
• 54:38
  find
• 54:38
  that
• 54:38
  first
• 54:39
  property,
• 54:39
  second
• 54:40
  property,
• 54:40
  even
• 54:40
  the
• 54:40
  10th
• 54:41
  property.
• 54:41
  I
• 54:41
  want
• 54:41
  to
• 54:42
  be
• 54:42
  there
• 54:42
  to
• 54:42
  help
• 54:42
  you
• 54:42
  through
• 54:43
  there.
• 54:43
  Thanks
• 54:43
  again
• 54:43
  for
• 54:44
  listening.
• 54:44
  If
• 54:44
  you
• 54:44
  haven't
• 54:44
  subscribed
• 54:45
  to
• 54:45
  this
• 54:46
  podcast,
• 54:46
  go
• 54:46
  ahead
• 54:46
  and
• 54:46
  subscribe.
• 54:47
  And
• 54:47
  if
• 54:47
  you
• 54:48
  would
• 54:48
  do
• 54:48
  help
• 54:48
  me
• 54:48
  out
• 54:48
  and
• 54:49
  give
• 54:49
  me
• 54:49
  a
• 54:49
  review,
• 54:50
  honest
• 54:50
  review,
• 54:50
  on,
• 54:51
  on
• 54:51
  whatever,
• 54:52
  you
• 54:52
  know,
• 54:52
  itunes
• 54:53
  or
• 54:53
  wherever
• 54:53
  that
• 54:54
  you
• 54:54
  are
• 54:54
  listening
• 54:55
  to,
• 54:55
  it
• 54:55
  helps
• 54:56
  me
• 54:56
  out.
• 54:56
  It
• 54:56
  would
• 54:56
  be
• 54:56
  great
• 54:56
  to
• 54:57
  reach
• 54:57
  out
• 54:57
  to
• 54:57
  more
• 54:57
  people
• 54:58
  and
• 54:59
  hopefully
• 54:59
  I
• 54:59
  can
• 54:59
  continue
• 55:00
  giving
• 55:00
  out
• 55:00
  this
• 55:00
  great
• 55:01
  free
• 55:01
  content
• 55:01
  so
• 55:01
  that
• 55:02
  you
• 55:02
  guys
• 55:02
  can
• 55:02
  live
• 55:03
  the
• 55:03
  life
• 55:03
  of
• 55:03
  your
• 55:04
  dreams.
• 55:04
  And
• 55:04
  that
• 55:04
  is
• 55:05
  it
• 55:05
  for
• 55:05
  today.
• 55:06
  Go
• 55:06
  ahead
• 55:06
  and
• 55:06
  get
• 55:06
  my
• 55:06
  free
• 55:07
  real
• 55:07
  estate
• 55:07
  investing
• 55:07
  course,
• 55:08
  Texas
• 55:08
  word
• 55:08
  rental,
• 55:08
  the.
• 55:09
  33777
• 55:11
  R
• 55:11
  E
• 55:11
  N
• 55:11
  T
• 55:12
  A
• 55:12
  L
• 55:12
  to
• 55:12
  33777.
• 55:14
  You
• 55:14
  can
• 55:14
  also
• 55:15
  join
• 55:15
  my
• 55:15
  real
• 55:16
  estate
• 55:16
  wealth
• 55:16
  builders
• 55:17
  group
• 55:17
  coaching.
• 55:17
  Get
• 55:17
  all
• 55:18
  my
• 55:18
  courses.
• 55:18
  All
• 55:19
  right,
• 55:19
  guys,
• 55:19
  we'll
• 55:19
  see
• 55:20
  you
• 55:20
  in
• 55:20
  the
• 55:20
  next
• 55:20
  show.
• 55:21
  See
• 55:21
  ya.