Real Estate Investing For Beginners California – Importance Of A Real Estate Mentor

Beginners
This is Episode #52 of The Morales Group Show. Our guest Sam Weaver from Fortune Weavers gives us some tips for anyone who is looking to get started in real estate investing & The Importance of a Real Estate Mentor!⁠

Want to Sell Your Home? Get an instant value of your Southern California Home. http://www.myhomeseekers.com/cma/property-valuation/

Looking to Buy a Home? Search All Homes on the Southern California MLS. http://www.myhomeseekers.com/

Get Real Estate Investing Advice From Sam Weaver:
https://www.flipsocalnow.com/intro40021757

Jose Luiz Morales
CalBRE #: 01891119
601 Daily Dr Ste 102,
Camarillo, CA 93010
805.228.4672
joseluiz@moralesregroup.com

Video Time Frames:

00:00 introduction.
01:23 Sam’s Background.
06:38 Is it worth working without pay at the beginning for a mentor to get bigger opportunities?
09:45 “Learn To Listen” – Important Lessons You Should Learn in Your Real Estate Career!
12:17 What is a good flip opportunity?
13:23 Direct to Homeowners v.s. MLS – which one gives you the best deal opportunities?
14:57 What is The Best Strategy to Directly Approach a Homeowner?
17:55 How To Get Started In Real Estate Investing With Less Than $500.000?
20:24 What is Wholesaling? – How to take advantage of it?
22:26 Things that could go wrong in the middle of a Flip?
26:22 Importance of Garnishing Relationships With Real Estate Agents As a Real Estate Investor.
30:59 How to properly estimate repairs in a flip property?
35:15 Sam talks about the largest property he has ever purchased in terms of units.
38:00 Sam shares with us stories of some properties that he wanted to keep.
40:27 Apartment Complex v.s. Single-Family Residences? – How to Increase Cash Flow Potential?
44:21 Will ADUs make single family properties market prices go up?
47:47 Possible Hyperinflation Coming Soon
51:33 Advice for new Real Estate investors.
54:46 Fortune Weaver information.
57:00 Final Message From Sam Weaver.

Real Estate Investing 101:

Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus interest, over time. (investopedia.com)

While a traditional mortgage generally requires a 20% to 25% down payment, in some cases a 5% down payment is all it takes to purchase an entire property. This ability to control the asset the moment papers are signed emboldens both real estate flippers and landlords, who can, in turn, take out second mortgages on their homes in order to make down payments on additional properties. Here are five key ways investors can make money on real estate. (investopedia.com)

5 Best Ways To Invest In Real Estate:

1. Rental Properties:

Owning rental properties can be a great opportunity for individuals with do-it-yourself (DIY) and renovation skills, and have the patience to manage tenants. However, this strategy does require substantial capital to finance up-front maintenance costs and to cover vacant months. (investopedia.com)

2. Real Estate Investment Groups:

Real estate investment groups (REIGs) are ideal for people who want to own rental real estate without the hassles of running it. Investing in REIGs requires a capital cushion and access to financing. (investopedia.com)

3. House Flipping

House flipping is for people with significant experience in real estate valuation, marketing, and renovation. House flipping requires capital and the ability to do, or oversee, repairs as needed. (investopedia.com)

4. Real Estate Investment Trusts (REITs)

A real estate investment trust (REIT) is best for investors who want portfolio exposure to real estate without a traditional real estate transaction. A REIT is created when a corporation (or trust) uses investors’ money to purchase and operate income properties. REITs are bought and sold on the major exchanges, like any other stock. (investopedia.com)

5. Online Real Estate Platforms

Real estate investing platforms are for those that want to join others in investing in a bigger commercial or residential deal. The investment is done via online real estate platforms, also known as real estate crowdfunding. It still requires investing capital, although less than what’s required to purchase properties outright. (investopedia.com)

More About Fortune Weavers:

Fortune Weavers Inc. is a community of real estate and financial consultants dedicated to helping you with any real estate or financial matter.

They come up with creative strategies to resolve any tough situation. They are hands on and walk you through the entire process.

About This Video:

In this interview Sam Weaver talks about how he got started in real estate investing & the lessons he has learned along the way. He talks about real estate investing for beginners, real estate wholesaling, real estate investing strategies & how to create passive income in 2021.

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