*Just a heads up, there was an issue with the audio this week but this was such a great topic we hope you can look past the technical issue.
In this episode, we chat about leveraging other people's money (OPM) to accelerate your real estate investing.
Do you have enough to get there?
Not saying it's the only way, but #3 will get you there when you run out of your own cash.
Script to suggest seller financing "sure I can certainly pay that price, but that wouldn't be an "all cash" price. If I were to pay that price, It would need to be under the following terms: Xxxx. Would that be acceptable or would you prefer all cash now?"
Use as an option to push towards cash offer
Seller Financing Exercise
5 Ways to buy a house for 100k via seller financing
Coach's Corner – Personal Development Tip or Book or Quote
OPM is a fundamental concept of Rich Dad and a sign of high financial intelligence. By using both good debt and OPM, you can dramatically increase your Return on Investment (ROI)—and you can even achieve infinite returns.
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Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!