Building, Leading and Protecting Your Real Estate Business By Loral Langemeier
Is Real Estate… An INVESTMENT OR A BUSINESS?
There are 7 Steps to Building Your Business Ø Vision Ø Strategy Ø Revenue Modeling Ø Protection Ø Marketing Ø Sales Ø Leadership
Buying Real Estate Property It All Begins With The End In Mind
If Your Long-Term Strategy is Financial Independence There are 3 main choices of Exit Strategy… 1. Sell quickly for cash — Wholesaling/Retailing to Cash Out 2. Hold and rent — Property Management 3. Owner finance — Wraps, L/O, Notes
Your Strategy Influences • • • Your Entity Structure Your Real Estate Markets Your Agreements and Contracts Your Wealth Team Your Revenue Model
Get R. E. A. L. , Inc. Our Vision Is: “To provide housing to people who have no other mechanism to acquire the “American Dream” of a home…
Get R. E. A. L. , Inc. …AND to provide our investors sustainable growth through a fixed product, preferred return, real estate investment vehicle. ”
Our Philosophy Is: Win/Win
Investor Get REAL Buyer System VISION Property Acquisition
Strategy #1 Acquisition System • • • Identifying Markets Identifying Neighborhoods Buying Criteria Buying Right Building Your Wealth Team to Support Your Strategy
Methods for Acquisition MLS HUD VA FSBO Foreclosures
Identifying Get REAL Criteria 1. 60¢-80¢ on the dollar 2. Minimum $300 spreads 3. Average of $2, 000 down payments Buy Right!
Typical Get REAL Purchase Price Appraised Value Sales Price Down Payment Lease Payment $70, 000 $100, 000 $110, 000 $2, 200 $1, 200
Acquisition Wealth Team • • Your Investor Real Estate Agent(s) Appraiser Inspector • • Lender Attorney Title Company Insurance Broker
Creative Acquisitions Make Money Out Of Thin Air!
Acquiring Cashflow Properties 1. Find a Person With a Problem 2. Solve Their Problem!
Strategy #2 Buyer System 1. Assemble Buyer/Remarket Team 2. Marketing! 3. Marketing! 4. Marketing!
Who is the Buyer/Resale Team? 1. 2. 3. 4. Team re-marketer (performance-based compensation) Mortgage Brokers Realtors Tenants (referrals)
Re-Marketing the Property • • • Newspaper Flyers Radio Signage Word of Mouth Mortgage Brokers • Realtors • Check Cashing Stores • Divorce and Bankruptcy Attorneys • Credit Repair Class
Strategy #3 Investor System • • • Marketing/Educational Packet Joint Venture (JV) Agreements Fixed Return Strategy 50/50 Strategy Entity Structuring Investor Communications/Reporting
Investor Agreements 1. Entity Structure (LLC or LP) 2. Exit Strategies – Long Term Investment – Short Term Liquidation 3. Operating Agreements – 13% JV Agreements – 50/50 JV Agreements
Typical Investor Deal • • • 18 k Minimum Investment Investor Holds Note on Property (90/10 Loan) Investor & Get REAL Hold Title 50/50 in an LLC Depreciation is Shared 50/50 Exit Strategy: When Option is Exercised, Investor Gets the 18 k Back and Profits are Shared 50/50
There is Money Lying in the Streets Everywhere! Go Pick it Up…And INVEST IT!
Loral’s Learning’s… 1. 2. 3. 4. 5. 6. 7. Invest in Yourself Get a Mentor(s) Build Your Wealth Team Conditioning Program – Home Study Course Be in Action…In the streets! Repetition, Repetition… Live with Vision, Focus and COMMITMENT.
? The Top 3 Things I Learned: The ONE action I will do as a result of these learnings is: By When? How will someone know?
Special #1 3 Products: 1. Building Your Wealth Cycles 2. Building, Leading, Protecting Your Business 3. Expression of Your Power 4. 5 FREE WEALTH REPORTS Total Value $1092 Today Special: $399
Special #2 Your Mind, Your Marketing & Your Money! NOV 5 -7, 04 Jay Levinson – Guerrilla Marketing Bob Proctor – The POWER of your Mind Sandy Botkin – IRS/ Tax Specialist Loral Langemeier – Guerrilla Wealth …AND, MORE…. Retail Price $1495 Today Special: $1195
Contact Info www. Live. Out. Loud. com www. Wealth. Diva. com 1135 Terminal Way, Suite 209 Reno, NV 89502 888 -262 -2402 Info@liveoutloud. com
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