Investors often learn the basics of real estate investing by reading books, browsing the internet, or by attending seminars.
The problem with these generic real estate education options is that individual investors and investment properties are not generic. All investors have different levels of experience, knowledge, risk tolerance and financial circumstances. All investment opportunities don’t fit into a check box. Sometimes the best investments are not deals when you find them, but they become deals when you know what to do with them! You can’t call the author of a book, or that seminar guru, for advice when you have an investment opportunity in hand, but don’t know what to do or are faced with a real world problem with your investments. So what do you do when you ask yourself: “How do I land this deal? How do I structure this investment to make it more profitable? What am I going to do about this problem?”
After reading a book or searching the internet, one common method investors turn to in search of more advanced real estate knowledge is spending thousands, or even tens of thousands, of dollars on weekend seminars held by out-of-town real estate gurus who do so many seminars they don’t even specialize in real estate investing anymore, they specialize in selling seminars. These investors come away from confidence-building lectures pumped up and enthusiastic, armed with their notes and binders full of information they paid for, only to have their memories and enthusiasm fade when they realize they don’t have a grasp on everything they need to succeed. With no follow-up support, those expensive binders of real estate info are left on a shelf, quickly collecting dust.
Coffee With a Millionaire solves these problems in the unique way we educate and support investors. Not only do we provide personalized one-on-one education specific to you and your investment goals, but after you are armed with knowledge and pursuing investments, we are there to support you with individual questions and even on site consultations to help you with your day to day real world investing opportunities. We don’t ask for thousands of dollars up front, or sell you a course and send you on your way while wishing you the best. We want to educate you, then continue to support you and drive you to success. Our services are designed for value and flexibility, allowing you to buy only what you need, when you need it. Schedule classes or consultations to learn what you need or when you want to advance into a new subject. Short, inexpensive, follow up consultations are available to answer your questions, solve problems or help you land a deal when you need it.
Many potential investors fail because of preventable problems. They take advice from people they know or real estate professionals who don’t understand investing; they chase after the wrong investments; they are not experienced negotiating with sellers or contractors; they don’t properly structure deals or don’t consider all costs, and end up with a losing investment; they buy properties that need extensive rehab they are not ready to handle; they don’t know how to manage their properties and make preventable errors when selling or renting, turning what should be profitable investments into losing ones. Many investors have experienced one or several of these problems then get discouraged, quit, or lose their money and credit, and fail.
Imagine the advantage and confidence you will have to jump start your investing when you have a local, seasoned pro a phone call away to help you anytime you need it; to evaluate your finds to make sure they are deals for you, negotiate your deals directly with sellers, help structure your offers and financing, evaluate and advise on completing rehabs, negotiate or solve problems with contractors, offer advice to prevent problems and maximize returns when you are ready to sell or rent your investment. The value we offer is not just teaching you what to do. More importantly, we will advise you what not to do to prevent problems to begin with. I have personally lived through almost every mistake you can make in the real estate investing business. Learning just a few tips from me on what to avoid will save you time, frustration, and tens of thousands of dollars.
Coffee With a Millionaire will not just educate you. We will help you succeed. We will be there to advise you when you’re stuck, not confident, or have a problem. Our mission is to create successful investors - the next real estate millionaires.
A non-exclusive list of subjects we cover. If you don’t see a topic you are interested in, please ask!
Getting started:
• Understanding investment property and basic concepts.
• Evaluating your investment goals and creating a strategy and action plan.
• Evaluating your personal finances and current real estate knowledge.
• Understanding the financial needs to invest and creative ways to find the money.
• Conventional purchases, foreclosures, subject to, wholesaling, seller financing.
• Buyers credits, receiving money at closing to cover closing costs, down payments, or repair costs.
• Little to no money down strategies.
• Tips for improving your credit score.
• Understanding property types and neighborhoods.
• Best property types vrs strategy.
• Evaluating properties and understanding property condition, return on investment, CAP rates and more.
• Buying pretty houses vs ugly houses.
• Evaluating rehabs, costs, cost benefits.
• Rehabs: The good, the bad and the ugly.
• Finding and dealing with contractors.
• Licensing and Permits.
• Strategies for finding properties.
• Evaluating and determining value.
• Approaching and negotiating with sellers.
• Calculating, structuring and presenting offers.
• Preparing for closing, closing and financing.
• Rehabbing and preparing for sale.
• The sales process.
• Evaluating offers and counter offers.
• Getting to closing, home inspections and more.
• Preparing your property to rent. Tips where to focus and what not to do.
• Rental strategies.
• Managing tenants- preventing problems with the right precedence.
• Maintenance and tenant/landlord responsibility strategies.
• Evaluating tenants, the best tenants may not be who you think. And vice verse.
• Leases, addendums, deposits, tenant move in check lists and more.
• Rent collection strategies, evictions and more.
• Tenant move out check list.
• Business organization and set up.
• LLC‘s, Trusts, Partnerships and Corporations.
• Business structure, combining entities, tax benefits, asset protection and privacy.
• Obtaining business credit and learning about business credit that will not show on your personal credit.
• Real estate accounting, depreciation, and tax overview.
• Real estate tax free income.
• Cash management strategies.
• Finding the right real estate, legal and accounting professionals - they don’t all understand investing.
• Property Insurance, title insurance, rental insurance, and umbrella liability insurance.
• Promissory notes, seller financing, and selling notes.
• Financing, re-financing, and 2nd liens.
• Private lending: how to find one and how to be one.
• Self directed IRA accounts for real estate investment.
• Self directed IRA accounts for your children. Small fund real estate investments to get them retired before you are.
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