Gary chats in this episode with Alex Kouramanis. Gary and Alex discussed his first property, which was BRRRR (Buy, Renovate, Rent, Refinance, Repeat) and parlayed that into many more properties, and has become a big property wholesaler. He also has launched an online learning platform to teach others his strategies. Alex also talks about how people, who lack credit and $$$ can get into real estate investing!
What you'll learn:
* Why you should work hard, but also play hard
* Why downtime can lead investors, and everyone in fact to clarity and allow you to refocus
* Why Alex read “Rich Dad, Poor Dad” and what came of it
* How mindset and manifesting really work
* Why education before investing is essential
* How our upbringing plays into our beliefs and how to overcome those
* What was his timeline from working on mindset to buying his first property
* Why relatives with equity in their homes may be able to help (OPM - Other People’s Money)
* Why joint ventures partners are useful and sometimes necessary
* How marketing can help you sources properties to buy
* Why the ‘ugly duckling’ properties is a great strategy for new properties
* Why contracts and proposals are important
* Which clauses are important for purchasing
* Why deposits are different for private sales, and who holds the deposit
* Why you should copy your investment approach from successful investors
* Why you SHOULD understand the entire process from purchasing to flipping before buying a property, and gives you leverage for negotiation and allows you to appreciate how much $$$ it will take
* Why having a mentor is important, but some things you have to learn on your own!
* What was Alex’s worst experience
* What is BRRRR and why it’s a great strategy
* What is property wholesaling
* And MORE!
Alex’s Bio
7 years ago, Alex was a bartender with a Philosophy degree and zero experience in business or real estate. He purchased his first BRRRR property in 2013, where he spent two years renovating, reading and networking. After selling his first property, Alex used the profit to purchase one buy and hold property and one flip. Today, Alex has 13 units and is a fulltime wholesaler and multifamily investor with over 20 deals under his belt. He also has online courses in real estate investment, negotiation and personal finance, on the Skillshare and Udemy platforms. When not thinking about real estate, Alex loves skateboarding.
Contact Alex
Insta: @treetop_residential
Web: https://www.treetopbuyer.com/
Online courses: https://www.skillshare.com/classes/Sophisticated-Real-Estate-Investing-The-Core-Strategies-Tools-Mindset/2140126332?via=search-layout-grid
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Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca