1
00:00:00,280 --> 00:00:02,399
Speaker 1: All right, you can go in there lock at a house

2
00:00:02,439 --> 00:00:05,799
for a great price. You solved their situation, so it's

3
00:00:05,839 --> 00:00:09,240
a win win for both sides. Now there's code violations

4
00:00:09,240 --> 00:00:11,400
that you can target. You with code violations, you can

5
00:00:11,400 --> 00:00:15,279
target people that go through probate and are inheriting a house.

6
00:00:15,759 --> 00:00:18,160
Those are all great, but there's three that have been

7
00:00:18,239 --> 00:00:20,480
very successful for me and my business over the years.

8
00:00:20,640 --> 00:00:22,640
And I teach our mentees. I teach ours two as

9
00:00:22,640 --> 00:00:25,160
this all the time to just target these three and

10
00:00:25,160 --> 00:00:27,000
you can build a very successful real estate business.

11
00:00:27,079 --> 00:00:30,879
Speaker 2: You are listening to Carrie. Let'sa's Financial survival Network where

12
00:00:30,920 --> 00:00:34,359
you get valuable information you just can't find anywhere else

13
00:00:34,920 --> 00:00:38,479
to thrive in today's trying times. You need the Financial

14
00:00:38,600 --> 00:00:43,679
Survival Network now more than ever. Go to Financial Survivalnetwork

15
00:00:43,719 --> 00:00:47,439
dot com and get your free newsletter and gift. Financial

16
00:00:47,560 --> 00:00:51,039
Survival Network now more than ever.

17
00:00:54,560 --> 00:00:55,320
Speaker 1: And welcome.

18
00:00:55,560 --> 00:00:58,960
Speaker 3: You are listening to and watching the Financial Survival Network.

19
00:00:59,000 --> 00:01:01,520
I'm your host, Carrie. We're still in the first week

20
00:01:01,560 --> 00:01:07,640
of December. I can't believe that this year is almost gone.

21
00:01:07,799 --> 00:01:10,840
And met some amazing people, one of which you're going

22
00:01:10,920 --> 00:01:15,560
to hear from now. And basically we have similar backgrounds.

23
00:01:15,560 --> 00:01:18,719
We both started out in New Jersey and we both

24
00:01:19,239 --> 00:01:22,879
fled to Florida and have no regrets about it. His

25
00:01:23,000 --> 00:01:28,239
name is Siam Ibrahim, and Siam, it's great to have

26
00:01:28,280 --> 00:01:30,799
you on the show. Man. I had like the best

27
00:01:30,840 --> 00:01:38,920
pre call with you. Inspiring story. Here a family child

28
00:01:38,959 --> 00:01:46,200
of immigrants, basically dedicated yourself to education, graduated from a

29
00:01:46,280 --> 00:01:49,120
near Ivy League school, some would say better than an

30
00:01:49,120 --> 00:01:53,640
Ivy League school, and here you are doing real estate.

31
00:01:54,319 --> 00:01:57,719
The last person, my last guest on this show. He

32
00:01:57,879 --> 00:02:01,920
is a petroleum engineer working for Shell Oil and he's

33
00:02:01,959 --> 00:02:06,120
in real estate. So how did that in? My friend,

34
00:02:06,239 --> 00:02:07,120
how did it happen?

35
00:02:07,400 --> 00:02:09,759
Speaker 1: Yes, So I thank you for that amazing insure and

36
00:02:09,759 --> 00:02:11,879
I really appreciate being on the show. You know, I've

37
00:02:11,879 --> 00:02:13,360
been in real estate now for fifteen years, but I

38
00:02:13,400 --> 00:02:15,159
didn't always do that, So, you know, grew up in

39
00:02:15,199 --> 00:02:17,680
New York and Jersey as a kid raised by two

40
00:02:17,879 --> 00:02:20,759
immigrant parents. My mother is from the Dominic Republic, my

41
00:02:20,840 --> 00:02:23,639
father's from Ethiopia, and they both met in New York City,

42
00:02:23,719 --> 00:02:26,840
right the melting pot of the world. And growing up

43
00:02:27,199 --> 00:02:30,120
me and my two younger brothers, we were always forced

44
00:02:30,240 --> 00:02:32,479
to put our heads in the books. When friends were

45
00:02:32,520 --> 00:02:35,719
outside playing basketball are on their bike. My dad was like, no,

46
00:02:35,800 --> 00:02:37,240
take out a book and read the book. And at

47
00:02:37,240 --> 00:02:39,360
the time I hated him for it, all right. I

48
00:02:39,400 --> 00:02:41,680
remember so many times crying, not wanting to do it.

49
00:02:42,280 --> 00:02:44,520
But it paid off in the end because it got us.

50
00:02:44,759 --> 00:02:47,400
It got me a full scholarship to college. I ended

51
00:02:47,479 --> 00:02:50,280
up going to Georgiana University. I became a Jackie Robinson

52
00:02:50,360 --> 00:02:52,599
Scholar as a result, which ended up leading to me

53
00:02:52,639 --> 00:02:54,840
getting a job on Wall Street. I'm working for one

54
00:02:54,840 --> 00:02:57,639
of the major you know, investment banks on the Street.

55
00:02:57,960 --> 00:03:00,479
I did that for a bit, but I absolutely I hated.

56
00:03:00,840 --> 00:03:03,120
I worked eighty twel hundred hours a week and I

57
00:03:03,159 --> 00:03:05,879
just didn't like the vibe and in the lifestyle there.

58
00:03:05,919 --> 00:03:07,199
I mean I had to be there five am, but

59
00:03:07,240 --> 00:03:10,560
winning leave before eleven pm. Money through Saturday, and then

60
00:03:10,599 --> 00:03:12,639
they asked me after a year to come in for

61
00:03:12,759 --> 00:03:16,159
short ten hour workdays on Sundays. So those about that

62
00:03:16,199 --> 00:03:17,360
time that I knew this is not how I wanted

63
00:03:17,360 --> 00:03:19,199
to spend the next twenty thirty years of my life.

64
00:03:19,560 --> 00:03:21,800
But it really came down to one moment where I

65
00:03:21,840 --> 00:03:24,680
wanted to get married to my now wife and I

66
00:03:24,719 --> 00:03:27,080
gave my boss a few heads up notice a few

67
00:03:27,120 --> 00:03:28,560
months has up noticed that I was going to take

68
00:03:28,560 --> 00:03:30,680
a couple of weeks off to get married, and he said,

69
00:03:30,680 --> 00:03:32,919
no problem. When the time came, he said, hey, I

70
00:03:32,960 --> 00:03:35,680
think I need you to reschedule your your wedding because

71
00:03:35,759 --> 00:03:38,360
we have We're way too busy right now. It's busy season.

72
00:03:38,919 --> 00:03:43,599
My god, yeah, brilliant exactly. So I literally sad a

73
00:03:43,599 --> 00:03:46,240
step back and I said, no, I can't do that, right.

74
00:03:46,479 --> 00:03:49,080
Speaker 3: He wanted to kill this guy or what I was like,

75
00:03:49,120 --> 00:03:52,360
ge hen kill one on the verge of it.

76
00:03:52,639 --> 00:03:54,439
Speaker 1: I was like, I can't do that. So I literally

77
00:03:54,680 --> 00:03:59,000
quit Wall Street cold Turkey. Right. My parents, my dad particularly,

78
00:03:59,120 --> 00:04:01,680
told me, you're crazy. You give up every opportunity to

79
00:04:01,719 --> 00:04:03,800
becoming a millionaire. You had every two thing laid out

80
00:04:03,800 --> 00:04:05,680
in front of you, and you left for a woman.

81
00:04:05,759 --> 00:04:09,120
That's what my Chad helped me, right, And so you know,

82
00:04:09,199 --> 00:04:11,080
we kind of lost touch about a year where he

83
00:04:11,120 --> 00:04:14,879
almost wanted to sell me. But I think the result

84
00:04:14,960 --> 00:04:16,639
was the right thing. I think it was the right

85
00:04:16,680 --> 00:04:19,639
action at the time because fifteen years later, I've not

86
00:04:19,720 --> 00:04:22,199
only you know, bidden real estate, but I've purchased over

87
00:04:22,240 --> 00:04:24,839
one thousand and four in real estate on properties. I've

88
00:04:24,879 --> 00:04:27,959
transacted over a quarter billion dollars in real estate and

89
00:04:27,959 --> 00:04:30,399
built a rental portfolio of over six hundred doors in

90
00:04:31,000 --> 00:04:34,519
various states, including a hotel and the Dominican Republic. So

91
00:04:34,680 --> 00:04:36,319
you know, I think it was the right decision.

92
00:04:36,480 --> 00:04:41,439
Speaker 3: Right And now your times and I bet you're not working,

93
00:04:42,920 --> 00:04:44,720
you know, one hundred hours a week. And if you

94
00:04:44,800 --> 00:04:49,120
do it's it's something you love and you're happy doing it, Zach.

95
00:04:49,160 --> 00:04:51,360
Speaker 1: I'm doing it for myself if I do right. So

96
00:04:51,879 --> 00:04:54,319
beautiful thing about real estate it gives you time freedom.

97
00:04:54,360 --> 00:04:55,600
So what if I want to put the time in,

98
00:04:55,639 --> 00:04:56,800
if I want to go hard, if I want to

99
00:04:56,800 --> 00:04:59,639
go aggressive and grow and stretch and really you know,

100
00:04:59,720 --> 00:05:01,800
grow business, I can do that. If I want to

101
00:05:01,839 --> 00:05:04,279
live a nice lifestyle, I can do that as well,

102
00:05:04,439 --> 00:05:06,160
and take the time and spend the time of all

103
00:05:06,160 --> 00:05:08,240
the things I want to do. So real estate's been,

104
00:05:08,319 --> 00:05:09,800
you know, very fortunate for me and my family.

105
00:05:10,600 --> 00:05:14,160
Speaker 3: All right, So you think anyone can do this or

106
00:05:14,240 --> 00:05:15,480
you just a genius.

107
00:05:15,959 --> 00:05:18,639
Speaker 1: No, absolutely everyone can do it. Real estate is actually

108
00:05:18,759 --> 00:05:21,079
very easy. A lot of people that are in real

109
00:05:21,160 --> 00:05:22,879
estate that are you know, at the big the big

110
00:05:22,879 --> 00:05:24,639
guys in the top. They try to make it sound

111
00:05:24,639 --> 00:05:28,800
complex by throwing terms out like cap rate right, you know,

112
00:05:28,839 --> 00:05:33,800
accelerated depreciation, and it's there to keep regular people scared

113
00:05:33,879 --> 00:05:36,759
and confused about real estate. When you break it down,

114
00:05:36,920 --> 00:05:39,360
it's very simple. You need to buy a property at

115
00:05:39,399 --> 00:05:41,839
a good price, you rent it the property, and you

116
00:05:41,879 --> 00:05:43,800
can sell it or rent it and make cash well,

117
00:05:44,279 --> 00:05:47,480
and all the other details in between it are just

118
00:05:47,759 --> 00:05:50,959
noise right that you can figure out later. Your main

119
00:05:51,079 --> 00:05:53,240
focus as a new person wanting to get into real

120
00:05:53,319 --> 00:05:56,959
estate should be on acquisitions. How do I find my first,

121
00:05:56,959 --> 00:06:00,120
my second, my third grade property? The money everything thing

122
00:06:00,160 --> 00:06:02,240
else will kind of fall into place because money follows

123
00:06:02,279 --> 00:06:03,120
deals in real estate.

124
00:06:03,439 --> 00:06:07,199
Speaker 3: So where are you doing your deals? Mostly in Florida

125
00:06:07,360 --> 00:06:10,959
or Mitch Mart if you like. We do quite a

126
00:06:11,000 --> 00:06:13,639
few deals in South Florida. We've done deals in Central Florida.

127
00:06:13,800 --> 00:06:15,920
Speaker 1: We do a lot of deals in the Atlanta area,

128
00:06:16,319 --> 00:06:18,879
and and the bulk of our business has been in

129
00:06:19,160 --> 00:06:25,279
in throughout Ohio, Cleveland, Columbus, Dayton, Lima, Toledo, Ohio has

130
00:06:25,319 --> 00:06:28,920
been phenomenal. The Midwest is great because the the yields,

131
00:06:29,279 --> 00:06:32,240
the rois are just phenomenal. Compared to other parts of

132
00:06:32,240 --> 00:06:34,720
the country. Your entry point versus what you get on

133
00:06:34,800 --> 00:06:37,639
rent or what you can return and we would sell

134
00:06:37,720 --> 00:06:40,040
that property is just the gap is huge, which you

135
00:06:40,040 --> 00:06:40,759
don't see in many of.

136
00:06:40,759 --> 00:06:43,480
Speaker 3: The markets, right, So better than in Florida, which has

137
00:06:43,519 --> 00:06:47,360
been a very hot market as of late. What do

138
00:06:47,399 --> 00:06:50,759
you feel about the condos now in Florida? They're getting killed,

139
00:06:50,800 --> 00:06:51,240
aren't they.

140
00:06:51,879 --> 00:06:55,959
Speaker 1: Yeah. I've done some condos, but I wouldn't recommend new

141
00:06:55,959 --> 00:06:58,279
investors to go out and buy condos. There's a lot

142
00:06:58,279 --> 00:07:00,160
of there's a lot of regulations that come with that.

143
00:07:00,240 --> 00:07:02,639
They have the condo commandos right that think they have

144
00:07:02,680 --> 00:07:04,959
all the power and tell you what to do. I

145
00:07:05,000 --> 00:07:06,879
actually have a funny story if you're okay with me sharing,

146
00:07:06,920 --> 00:07:10,199
bring it about like condo I did here in South Florida.

147
00:07:10,319 --> 00:07:11,920
I bought a condo a couple of years back in

148
00:07:11,959 --> 00:07:14,639
western Florida, and I bought it in October and I

149
00:07:14,680 --> 00:07:17,720
went to go start the renovations, and the condo commando,

150
00:07:17,800 --> 00:07:20,560
the condo president, said you can't do any renovations from

151
00:07:20,600 --> 00:07:23,639
October to April because the snowbirds are here. We don't

152
00:07:23,639 --> 00:07:29,000
want to disturb them. And I was like, so I said,

153
00:07:29,000 --> 00:07:30,800
no problem, I'll send the guys home. I told them, hey,

154
00:07:30,839 --> 00:07:33,000
come back tomorrow. We're doing this all with hand tools,

155
00:07:33,000 --> 00:07:35,040
no power tools. We're going to keep the noise down.

156
00:07:35,319 --> 00:07:36,680
It costs me a little bit more, but I got

157
00:07:36,680 --> 00:07:39,360
the job done, sold and make their profit. But you know,

158
00:07:39,439 --> 00:07:42,399
things like that, you have, you know reserve issues for

159
00:07:42,480 --> 00:07:46,560
your end buyer financing, you have, you know, credit score requirements,

160
00:07:46,639 --> 00:07:48,319
you have all it make it very tough to make

161
00:07:48,319 --> 00:07:50,720
a deal work when it's a condo. And I'm not

162
00:07:50,759 --> 00:07:52,480
saying you can't make money with it, but as a

163
00:07:52,480 --> 00:07:55,720
new investor, like single family homes, they're easy, they're liquid,

164
00:07:55,920 --> 00:07:58,000
there's a huge demand for it, and you limit your

165
00:07:58,199 --> 00:07:59,720
your your restrictions on your resale.

166
00:08:00,160 --> 00:08:06,000
Speaker 3: Yeah. So because all the problems with insurance and everything else.

167
00:08:07,920 --> 00:08:10,519
So how do you find the properties? And I know

168
00:08:10,600 --> 00:08:13,680
that's what all of you out there want to hear. Yeah, exactly.

169
00:08:13,879 --> 00:08:15,839
So there's a lot of ways you can find properties.

170
00:08:15,920 --> 00:08:17,879
The main thing is you want to find a situation

171
00:08:18,279 --> 00:08:21,000
that will make a seller motivated to need to sell

172
00:08:21,279 --> 00:08:23,639
and as and due to their motivation, due to their

173
00:08:23,759 --> 00:08:26,240
level of distress. All right, you can go in there,

174
00:08:26,480 --> 00:08:30,000
lock the house for a great price, you solve their situation,

175
00:08:30,279 --> 00:08:33,039
so it's a win win for both sides. Now, there's

176
00:08:33,080 --> 00:08:35,960
code violations that you can you can target people code violations,

177
00:08:35,960 --> 00:08:36,200
you can.

178
00:08:36,200 --> 00:08:39,080
Speaker 1: Target people that you know go through probate and are

179
00:08:39,080 --> 00:08:42,440
inheriting a house. Those are all great, but there's three

180
00:08:42,480 --> 00:08:44,600
that have been very successful for me and my business

181
00:08:44,600 --> 00:08:46,879
over the years, and I teach our mentees. I teach

182
00:08:46,919 --> 00:08:49,639
our students this all the time to just target these

183
00:08:49,639 --> 00:08:51,759
three and you can build a very successful real estate business.

184
00:08:51,799 --> 00:08:55,000
The first is one that nobody else is doing, and

185
00:08:55,039 --> 00:08:57,519
it's something I think your listeners would do very well with.

186
00:08:58,000 --> 00:09:00,399
Is you go to your local water department where you

187
00:09:00,399 --> 00:09:03,919
pay the water bill for your house, right and you ask, hey,

188
00:09:04,080 --> 00:09:07,480
do you have a list of delinquent water bills that

189
00:09:07,559 --> 00:09:11,559
are published that you guys you share. If they do, great,

190
00:09:11,679 --> 00:09:13,799
get that If they don't. You can also to the

191
00:09:13,840 --> 00:09:17,480
recorder's office for your county and look up recent utility

192
00:09:17,519 --> 00:09:21,639
lians filed. Same thing, okay, because if a utility bill

193
00:09:21,679 --> 00:09:23,639
goes gets high, the county will file a lien to

194
00:09:23,679 --> 00:09:25,320
make sure to get paid, and you resell it or

195
00:09:25,360 --> 00:09:28,799
refinance the house, and you target that list people that

196
00:09:28,840 --> 00:09:32,159
are three thousand, four thousand, or five thousand dollars behind

197
00:09:32,200 --> 00:09:35,440
their water bill. Number one, it means that they're financially distressed.

198
00:09:36,039 --> 00:09:36,240
Speaker 3: Yeah.

199
00:09:36,320 --> 00:09:38,600
Speaker 1: Number Now, if the water bill is four or five

200
00:09:38,600 --> 00:09:41,440
thousand dollars, it probably means that the water's off at

201
00:09:41,440 --> 00:09:44,480
the house, all right, And if the water's off, it's

202
00:09:44,519 --> 00:09:45,000
more like.

203
00:09:44,919 --> 00:09:48,279
Speaker 3: People means nobody's there, right exactly.

204
00:09:47,879 --> 00:09:51,200
Speaker 1: Exactly, all right, this is open water if you go

205
00:09:51,279 --> 00:09:55,240
fishing with because nobody targets this list of cellops. Get

206
00:09:55,279 --> 00:09:57,679
this list, you'll skip trace this list. There's a lot

207
00:09:57,720 --> 00:09:58,600
of software you can do.

208
00:09:58,639 --> 00:10:03,720
Speaker 3: Beneverda expert in that man recovering attorney.

209
00:10:03,759 --> 00:10:06,399
Speaker 1: Exactly. It's not that hard. People think it is been

210
00:10:06,480 --> 00:10:10,279
she very easy. This software been verified on bad skip

211
00:10:10,360 --> 00:10:12,759
trace depending on if you're doing one or multiple that

212
00:10:12,799 --> 00:10:14,879
you can get the owner's contact information and then you

213
00:10:14,960 --> 00:10:17,200
reach out to them and make a deal. So de

214
00:10:17,279 --> 00:10:20,240
linkud war bills the second best one. And I know

215
00:10:20,279 --> 00:10:22,039
you did a deal that was from a tax deed

216
00:10:22,200 --> 00:10:26,840
right past? Is you target that the lake went tax list?

217
00:10:27,080 --> 00:10:30,440
All right? Sort Now you might be thinking, I'm gonna

218
00:10:30,480 --> 00:10:32,639
go wait at that auction and I'm gonna bid I'm

219
00:10:32,639 --> 00:10:34,919
gonna buy that property for cheap, and yes you can

220
00:10:34,960 --> 00:10:37,080
get a deal, but guess what, there's a lot of

221
00:10:37,120 --> 00:10:39,960
other people just like Harry, they're bidding on those properties.

222
00:10:40,080 --> 00:10:42,840
Speaker 3: Ors I know tell me about have been out bid

223
00:10:43,159 --> 00:10:45,440
dozens of times. Here map exactly.

224
00:10:45,559 --> 00:10:47,159
Speaker 1: There's a whole lot of competition. You can get a

225
00:10:47,200 --> 00:10:49,200
great deal, but there's a lot of competition there. I

226
00:10:49,279 --> 00:10:51,679
like to get that the Linkelin tax list and market

227
00:10:51,759 --> 00:10:55,559
to those people six weeks eight weeks before that auction date.

228
00:10:55,879 --> 00:10:58,759
Try to get them on the phone, have an conversation,

229
00:10:59,080 --> 00:11:01,360
strike a deal that will allow them to pay off

230
00:11:01,360 --> 00:11:03,279
the taxes and put some money in their pocket so

231
00:11:03,279 --> 00:11:05,240
they can move on to the next situation in life,

232
00:11:05,399 --> 00:11:07,720
all right, with some money in the pocket and stress free,

233
00:11:07,960 --> 00:11:10,840
right now? What's nice about this is an eighty conversation

234
00:11:10,919 --> 00:11:13,600
and all those people waiting for the auction never get

235
00:11:13,840 --> 00:11:15,919
she'd been on the house. You get to buy pass,

236
00:11:16,200 --> 00:11:18,639
so should be beat them exactly?

237
00:11:19,440 --> 00:11:23,519
Speaker 3: So, uh like, what's your what's your batting average for

238
00:11:23,559 --> 00:11:25,679
these because I assume a lot of people are doing

239
00:11:25,720 --> 00:11:29,000
similar things. I know for the tax deed list, the

240
00:11:29,080 --> 00:11:33,320
tax deed foreclosure list, you know everybody's after it.

241
00:11:34,080 --> 00:11:36,039
Speaker 1: Sure, sure, there's quite a few be going after the

242
00:11:36,120 --> 00:11:38,600
tax ded list, but for the dilemma water list, there's

243
00:11:38,679 --> 00:11:41,360
no one going after that, right, I mean I did

244
00:11:41,399 --> 00:11:43,600
this list and called one hundred people with a span

245
00:11:43,639 --> 00:11:46,120
of thirty days, and we're able to host or deals

246
00:11:46,159 --> 00:11:48,120
off of one hundred of the delinquent water lists in

247
00:11:48,159 --> 00:11:51,200
the thirty days. Right, So if you want to buy one,

248
00:11:51,519 --> 00:11:54,080
you could, you can, you can, you can bat very high, right,

249
00:11:54,120 --> 00:11:55,840
you can do it. I have a great you know,

250
00:11:56,039 --> 00:11:59,679
a great ratio of accepted offers to to offers made

251
00:12:00,159 --> 00:12:03,120
if you on average, on average, if you're dealing on

252
00:12:03,159 --> 00:12:06,080
a property on the MLS, my numbers have been I

253
00:12:06,159 --> 00:12:08,960
make twenty five offers on average to get a deal

254
00:12:09,159 --> 00:12:11,519
if it's on the MLS on the open market, when

255
00:12:11,559 --> 00:12:14,840
I'm direct to owner, we had a tax d list.

256
00:12:15,159 --> 00:12:18,480
The delinquent water list or retiring landloads is when we

257
00:12:18,559 --> 00:12:22,200
love to target as well. That drops to below ten

258
00:12:22,279 --> 00:12:24,840
offers on average to get a deal. Now I may

259
00:12:24,919 --> 00:12:28,519
do marketing to two hundred owners to speak to ten

260
00:12:28,600 --> 00:12:31,679
to fifteen owners to close a deal. So the numbers

261
00:12:31,679 --> 00:12:34,000
work very well in your favorite all right.

262
00:12:34,000 --> 00:12:36,039
Speaker 3: I like it. I like it a lot. I like

263
00:12:36,120 --> 00:12:38,440
the water thing. I never thought of that one. But

264
00:12:38,559 --> 00:12:44,200
that's pretty cool. Yeah, so all right, and then you

265
00:12:44,240 --> 00:12:46,960
get it. Obviously it's going to be a fixer upper,

266
00:12:47,320 --> 00:12:50,200
right more times than not, but not always. Sometimes you'll

267
00:12:50,200 --> 00:12:52,120
get a great deal, but usually yes, you've got to

268
00:12:52,159 --> 00:12:55,320
do some renovations to get it to the full retail better. Right,

269
00:12:55,679 --> 00:12:57,720
But are you buying its sight unseen?

270
00:12:57,799 --> 00:13:01,519
Speaker 1: Mostly no, I always look at these properties. That's the beauty.

271
00:13:01,639 --> 00:13:03,519
That's the beauty of doing it before the auction. If

272
00:13:03,519 --> 00:13:05,320
you buy the auction, got to buy its sight unseen.

273
00:13:05,320 --> 00:13:07,399
You can't get inside, right. But if you do a

274
00:13:07,440 --> 00:13:10,240
deal before the auction, either you or someone that you

275
00:13:10,360 --> 00:13:12,919
sent can actually walk the property, get a good repair

276
00:13:13,080 --> 00:13:15,639
estimate on it all right, and be able to know

277
00:13:15,799 --> 00:13:17,279
where you where you need to be to make the

278
00:13:17,279 --> 00:13:20,000
deal work. So if you if you do it in

279
00:13:20,039 --> 00:13:21,840
a city or state that you're not in, what I

280
00:13:21,879 --> 00:13:24,559
would recommend is you employing realtors to be on your

281
00:13:24,600 --> 00:13:27,879
team and say, hey, miss hey, miss realtor, I negos

282
00:13:27,960 --> 00:13:31,759
in this deal right with Kerrie Lutz okay in in

283
00:13:31,919 --> 00:13:35,559
New Jersey? Okay, uh? And would you be able to

284
00:13:35,600 --> 00:13:37,879
walk the property, take a video and give me a

285
00:13:37,879 --> 00:13:39,559
list of repairs you think are needed to get so

286
00:13:39,600 --> 00:13:41,639
you can sell this property and get top dollar for it.

287
00:13:42,200 --> 00:13:44,919
You'll find that most newer realtors that are hungry for

288
00:13:44,960 --> 00:13:47,519
business are willing to get this up work hoping to

289
00:13:47,519 --> 00:13:50,080
get the business. And you know, and you'll you'll still

290
00:13:50,080 --> 00:13:51,720
be alt to lais these properties and get a good

291
00:13:51,720 --> 00:13:55,440
idea of it you need. I love it, so yeah.

292
00:13:55,639 --> 00:13:59,679
Speaker 3: I for a while it was consulting to a guy

293
00:13:59,720 --> 00:14:04,080
who was teaching a course and foreclosures in Florida online

294
00:14:04,120 --> 00:14:08,120
foreclosures back in the earlier part of the decade, before

295
00:14:08,159 --> 00:14:11,000
anyone knew you could just go on and we would

296
00:14:11,039 --> 00:14:13,679
go to Lee County and look at these and the

297
00:14:14,279 --> 00:14:17,919
you know, like they always left the door open somehow, right,

298
00:14:19,600 --> 00:14:22,720
We always managed to get in there somehow and take

299
00:14:22,960 --> 00:14:27,360
obviously nobody. They were empty structures. We weren't going into

300
00:14:27,360 --> 00:14:30,600
people's homes. Well that's pretty cool. Well, I know that

301
00:14:31,039 --> 00:14:33,320
if you're listening here, you're going to want to get

302
00:14:33,360 --> 00:14:36,639
in touch with Sam and you're going to want to

303
00:14:36,639 --> 00:14:39,279
find out how you can do this. So where do

304
00:14:39,360 --> 00:14:39,799
we find you?

305
00:14:39,919 --> 00:14:44,200
Speaker 1: Sam? Absolutely so. Look, I'm on ig so on Instagram.

306
00:14:44,399 --> 00:14:48,600
It's I am dot period sim sa ym all right,

307
00:14:48,639 --> 00:14:51,440
that's my ig name saying for TikTok, and I also

308
00:14:51,480 --> 00:14:54,240
have a YouTube page that we recently started, so we're

309
00:14:54,279 --> 00:14:57,559
still growing it. All right, it's Professor Siam Ibrahim. But

310
00:14:57,639 --> 00:14:59,360
what I want to do for all of your listeners

311
00:14:59,600 --> 00:15:01,519
is I'm to give you got the phone number. I'm

312
00:15:01,519 --> 00:15:04,600
gonna give all your listeners a free class right on

313
00:15:04,759 --> 00:15:09,759
funding the different ways you can strategically and creatively fund

314
00:15:09,799 --> 00:15:12,000
your first real estate transaction because you don't need a

315
00:15:12,000 --> 00:15:13,960
lot of money to do real estate, because there's a

316
00:15:14,039 --> 00:15:16,960
lot out there for real estate. So all your listeners

317
00:15:17,000 --> 00:15:19,679
all they need to do is text hero h g

318
00:15:20,039 --> 00:15:24,519
R to six eight nine two one five seven six

319
00:15:24,639 --> 00:15:26,919
sixty four and you're gonna get to get access to

320
00:15:26,960 --> 00:15:29,919
our free course on funding, our millionaire funding course, so

321
00:15:29,960 --> 00:15:32,559
you'll understand how you can fund your first, second, third,

322
00:15:32,559 --> 00:15:35,440
and your tenth real estate deal without avingues all your

323
00:15:35,440 --> 00:15:36,080
money to do it.

324
00:15:36,200 --> 00:15:39,440
Speaker 3: All right, sounds great, It's in the show notes, and

325
00:15:40,200 --> 00:15:42,799
take a look. While you're on the site Financial Survival

326
00:15:42,840 --> 00:15:47,240
Network dot com, sign up for our free newsletter, like

327
00:15:47,559 --> 00:15:53,279
over sixty thousand other FSN community members have, and Sion

328
00:15:53,360 --> 00:15:56,120
will definitely have you back on again. There's a question

329
00:15:56,240 --> 00:15:59,879
for Siam myself. Shoot me an email, kl at care

330
00:16:00,440 --> 00:16:02,360
dot com. Appreciate you coming on.

331
00:16:02,639 --> 00:16:05,799
Speaker 2: Thank you so much, Thanks for listening to Carrie Letz's

332
00:16:05,799 --> 00:16:10,879
Financial Survival Network, your solution to today's trying times. For

333
00:16:10,919 --> 00:16:15,720
the latest, go to Financial Survivalnetwork dot com. Financial Survival

334
00:16:15,759 --> 00:16:18,159
Network now more than ever,