Funding Secrets Of The Top Investors – Episode 11


Funding Secrets Of The Top Investors

Summary:

In this episode of the High Return Real Estate Show Jeff Schechter and Jack Gibson discuss the secret funding techniques of the top real estate investors.

Questions Asked:

  • What are some of the overlooked ways of finding cash?
  • What are the top six ways of generating funds?
  • How do you keep your properties?

Key Lessons Learned:

Generating Funds

  • There are often multiple sources of funds that you can tap into that you may not think of right away.
  • Part with the toys that are tying your cashflow up. A delayed gratification mindset will allow having the things you want most later on. Do you own things that are serving you or are they liabilities? Build your real estate portfolio first.
  • A HELOC is a great opportunity to tap into the value of your house to create more wealth. This is an example of responsible debt and a good way to purchase properties with cash.
  • Liquidating stocks is another reasonable source of cash flow, real estate is four times less risky and has a lower variance. Real estate is something physical you own as opposed to just paper value.
  • A self-directed IRA or 401(k) is another good option. Instead of investing your retirement account in mutual funds, you can choose to invest the funds into real estate. These funds can also be very advantageous tax-wise. Consult with a lawyer when converting your retirement account.
  • Other people’s retirement accounts are also a possible source of funds, there are often mutually beneficial spreads on a turnkey property that make sense for both parties.
  • “The rich build networks, the rest look for work.” -Robert Kiyosaki
  • Credit card introductory lines of credit, certain companies can find you these lines of credit and help you convert them into cash that you can use to buy properties.

Keeping Your Properties

  • Once a property has proven that it produces income for a particular period of time, you can look at doing a cash-out refinance.
  • Use leverage to acquire a property, cash out, and then pay off the original method of payment. Rinse and repeat.

Resources Mentioned

Robert Kiyosaki

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