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Summary:
Lance Edwards, Owner, First Cornerstone Group, LLC shares some expert Tips which will help first-time investors overcome common challenges and get started in real estate investing.
How do you invest in real estate with no money down? How can first-time investors increase deal flow in real estate investing? Is Direct Mail still effective? If yes, what are some strategies that you can employ to generate motivated seller leads? You will also learn how you can smoothly make the transition from your W-2 employment to real estate investing.
Tune in for some great insights!
Time Stamped Show Notes:
- 00:29 – Whitney introduces Lance to listeners
- 01:02 – Lance shares his background information; how did he transition to real estate investing?
- 01:43 – How did Lance’s first deal pan out?
- 03:18 – What gave Lance the confidence to do 50 deals in his first two and a half years?
- 04:19 – Common excuses why investors shy away from larger deals
- 05:25 – How to invest in real estate with no money down
- 07:37 – How did Lance manage to procure seller financing on his very first deal
- 08:46 – Two common sense ways to procure seller financing on a real estate deal
- 09:50 – Does Lance prefer investing in smaller apartments?
- 11:50 – “Lack of focus” is the most a common negative attribute among first time investors
- 13:10 – Effective ways to increase deal flow in real estate investing
- 14:32 – Is Direct Mail still an effective way of scouting out lucrative deals?
- 15:14 – How to structure your sales call when calling up real estate brokers
- 17:42 – Tips and Tricks for using Direct Mail to generate motivated seller leads
- 19:12 – What have been the most challenging aspects of the real estate investing business for Lance?
- 20:31 – More experience leads to more confidence in real estate investing
- 22:05 – Lance reveals why his securities attorney is the important member of his syndication team
- 22:53 – What is the most important thing that has contributed to Lance’s success?
- 24:56 – W-2 employee to real estate investor – How do you successfully make the transition?
- 27:07 – What are some ways through Lance is improving his business?
- 28:18 – How is Lance giving back to the real estate community?
- 29:58 – Lance shares his contact information
- 31:21 – Schedule a call with Whitney now!
- [spp-timestamp time=”31:27″] – A Special Thanks to our sponsor, LifeBridge Capital
In this episode, you will learn
- How to purchase real estate with no money down
- Common mistakes that first time real estate investors make, and how to avoid them
- How to structure your sales call when calling up real estate brokers
- How to smoothly transition from a W-2 job to real estate investing
Resources
- Real Estate Syndication Podcast
- Life Bridge Capital
- How to Invest in Small Apartment Buildings
- GreenLight REI Investing
- Deals and Dollars Club
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