Episode 38: Private Money: How to Getcha Some

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. REAL ESTATE INVESTOR: Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,400 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and the selling of those owner financed properties. AUTHOR: Mitch is the author 3 books: MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom MY LIFE & 1,000 HOUSES: 200+ Ways to Find Bargain Properties My Life & 1,000 Houses The Art of Owner Financing For more info about these books go to http://1000houses.com/the-book/ EDUCATOR: Mitch offers Online Education, Group Coaching, and one-on-one Mentorships as it relates to all the aspects of Owner Financing and owner financed properties. Mitch forged the creation of a mass texting software, LiveComm.com to help solve problems that arise when you get numerous calls from bandit signs and other advertising efforts to sell your houses.http://LiveComm.com. The main reason Mitch wanted this system was to reduce the number of calls from potential buyers (that asked the same questions over and over) to a group of the most qualified buyers, saving time for the sales team. This solves that and much more to streamline you selling process. Listen in to find out what a time saver this system can be for you and your sales team. What you’ll learn about in this episode: Why you need to get into this business without using any of your own money Why the excuses about why you can’t do this business are completely bogus Why it’s not about you — and is about the deal Making people to ask you if they can participate Why you absolutely need private money The numbers game that exists with private money Why begging people for their money is a backwards mindset Why you need to find the deal before you find the deal Why you need to learn to write an effective contract Why you need to learn how to negotiate great deals Resources: REInvestorSummit.com/coaching REInvestorSummit.com/Pro REInvestorSummit.com/live REInvestorSummit.com/NoteServicing REInvestorSummit.com/101