by tony alvarez copyright tony alvarez. 1. performance – left brain 2. relationship building –...
TRANSCRIPT
Copyright Tony Alvarez
By Tony Alvarez
Secrets Of A Multi-Millionaire
Real Estate Investor
2 Main Elements for Financial Success
1. Performance – Left Brain2. Relationship Building – Right Brain
Copyright Tony Alvarez
How I got started
3
Let’s talk…1. Why we continue to consistently make money in an ever
changing real estate world
2. A few interesting DEALS we've done this year
3. Where and why we are still BUYING
4. Who is still loaning us low interest investment capital
5. Tony's view of the future of real estate...Where do I think we are headed in the real estate market
6. What's my personal "GPS" for the next 5 years in real estate
7. AND...For the curious and new to real estate - What steps do I suggest you take TODAY, to quickly get started making money in the real estate GAME
Copyright Tony Alvarez
The BASICS Self Evaluation
• Who are you?
• What do you NEED?
• How URGENT is your situation?
• What are your SKILLS?
• What are you willing to PAY/DO?
Copyright Tony Alvarez
CHEAPO DEPOT Real Estate
Training Program1. Get MLS access – To Your Market2. Track activity - Active, Pending, Sold3. Talk to EVERYONE… Sellers, Agents,
Individuals, Investors, Lenders, Wholesalers, Property Managers
4. Identify the Players: Investors DOING DEALS!5. Drive By ACTIVE, PENDING & SOLD Properties 6. Inspect 10-20-50-100 properties…Inspect - Before, During & After RehabDocument EVERYTHING!!!
Copyright Tony Alvarez
What Could You Learn?What works & doesn’t work in your marketWho’s lending in your areaWhat types of loans Identify required repairs Estimate costs accuratelyTypes of materials to useWhat quality rehab works bestHow to avoid MOST costly errorsIdentify realistic holding periodsLearn their marketing strategiesProven pricing strategies for fast saleList Price to Sold Price ratios
& MUCHMUCH More!
7
Other Reality TV Shows RecommendedShark TankAmerican GreedALL FIXER FLIPPER SHOWS… (Flip this House, Flip Men, etc.)ALL “BARGAIN HUNTERS” Type ShowsALL NEGOTIATION SHOWS – (Pawn Stars, Pawn Wars, etc.)
Copyright Tony Alvarez
3 Bedrooms 2 Bathrooms Sq Ft: 1650 Yr. Blt.:1987
Purchase Price: $117,000 ARV & Sale Price: $162,500
Repair Cost: $25,000 Listing Type: LetterNotes: Wholesaler
Net Profit: $35,000
Example: Flip – No Repairs
9
4 Bedrooms 2 Bathrooms Sq Ft: 1154 Yr. Blt.:1957
Purchase Price: $90,000 ARV & Sale Price: $155,000
Repair Cost: $25,000 Listing Type: MLSNotes: Wholesaler- Filed DRE complaint…
Net Profit: $24,000
Example: Retail – Flip
10
2 Bedrooms 1 Bathrooms Sq Ft: 1344 Yr. Blt.:1958
Lot Size 2.25 Acres
Purchase Price: $74,000 ARV & Sale Price: $128,000
Repair Cost: $15,000 Listing Type: Standard MLSNotes: Agent relationship – REO
Net Profit: $26,000
Example: Retail – Flip
11
4 Bedrooms 2 Bathrooms Sq Ft: 1206 Yr. Blt.:1955
Purchase Price: $76,500 ARV & Sale Price: $139,900
Repair Cost: $15,000 Listing Type: Standard MLSNotes: Agent relationship, Distressed Seller – husband
passed had to evict problematic tenants
Profit: $35,000
Example: Retail – Flip
12
2 Bedrooms 1 Bathroom Sq Ft: 1190 Yr. Blt.:1946
Purchase Price: $68,000 ARV: $100,000
Repair Cost: $2,000 Listing Type: MailerNotes: Seller wanted to start a new business needed funds ASAP
Example: Cash Flow – Rental
13
Casa Pinata
14
Bedroom, 1 Bathroom Sq Ft: 1020 Yr. Built: 1926
Listing Price: $99,400 Purchase Price: $65,000 cash offer
ARV: $150,000-160,000 Repair Cost: $25,000-30,000
Listing Type: Short Sale Notes: Scrubbing MLS – out of area
Casa Pinata Details23
Profit: $42,486
15
1. Start from nothing-
2. Destroy Your Limitations-
3. Cut Your Own Path-
4. Claim Your Place-
5. Keep It Simple-
6. Perform Your Way To Perfection-
7. Innovate Wealth Creation-
The 7 Masterful Steps Required To Achieve a Life Of
Purpose & Financial Independence Just DO SOMETHING!
Pretend You Have No Past
Choose An Initial Identity
Choose a Target Market & Product
PEOPLE – PROCESS - PRODUCT
DON’T STOP TAKING ACTION
Reinvent Real Estate - YOUR WAY
Copyright Tony Alvarez
Recommended Reading…
1. A Fortune At Your Feet- A. D. Kessler
2. Before You Quit Your Job- Robert Kiyosaki
3. Who Took My Money- Robert Kiyosaki
4. Design Your Destiny- Guy Finley
5. The Millionaire Real Estate Investor- Gary Keller
6. Breaking Into The REO Business- Tony AlvarezCopyright Tony Alvarez
LAST CHANCE TO DANCE…
1-DAY CHANGE YOUR LIFE REAL ESTATE TRAINING
CLASS
Thank you!!!
For more info.www.TonyAlvarez.com
18