Cash Flow Friday Tip #4: Real estate is easy to get into, but hard to get out of...

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Reit, Consultant, Syndication, Seniorliving, Retail, Kevinbupprealestate, Acquisitions, Realestate, Selfstorage, Donaldtrump, Assistedliving, Apartmentinvesting, Flow, Shoppingcenter, Kevinbupp, Coach, Investing, Kevinbuppflorida, Foreclosure, Realestateinvesting, Cashflowinvesting, Office, Business, Entrepreneur, Cashflow, Commercial, Real, Industrial, Education, Mergers, Trainer, Shortsale, Millionaire, Investments, Privatelending, Legacywealth, Funding, Podcast, Multifamily, Broker, Estate, Apartments, Commercialrealestate, Experts, Mobilehomeparks, Cash, Privatemoney, Valueadd, Hedgefund, Robertkiyosaki, Defaultedpaper

4.9 • 675 Ratings

🗓️ 6 February 2015

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week's Cash Flow Friday tip is based on a profound statement I like to use when speaking to both new and experienced RE investors about their investment strategy and the saying is “Real Estate is easy to get into, but hard to get out of.

Let them tell you what this statement means to me by breaking it down into two separate parts with the first part being– the getting into real estate and the second part getting out of real estate a.k.a. your exit strategy.

Getting into real estate is easy

• Many different strategies to make money in RE, some of which you can do with almost a zero budget (wholesaling)

• Multiple different educational options to learn the business (books, bootcamps, coaches, podcasts, etc)

• Great financing options even for people with bad credit (hard or private money and even creative financing)

Bottom line, if you put your mind to it you can buy an investment property, BUT just because you buy something doesn’t mean it’s a worthwhile property that will meet your goals – both short and long term. In addition, it’s imperative that you fully understand your exit strategy and have both a plan A, B, and C before ever getting into it because as the saying goes, getting into RE is easy but getting out can be a much greater challenge, one that if you don’t do your homework and have a plan in place can leave you in financial ruins.

Possible exit plans

• Adding value and selling for short term capital gains

• Holding for long term cash flow

• Adding value and refinancing to pull your capital back out

• Fire sale – worst case scenario

• Selling on creative terms

Thanks for listening in to the Cash Flow Friday Tip and until we meet again next week, Get out there and make some cash flow happen.

Transcript

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0:00.0	Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies and tips that will help increase your cash flow,
0:12.7	make you a more sophisticated investor, and provide you with the tools necessary to take your real estate business to the next level.
0:19.4	Now, here's the man you've been waiting for, Kevin Bub.
0:24.1	Hey guys, Kevin Bubb here with episode number five of the real estate investing for cash flow,
0:29.5	Cashflow Friday tip.
0:30.9	Thank you for joining me today as I share tips and strategies that I hope will bring you a ton
0:34.6	of value and help take your real estate business to the next level.
0:37.9	This week's Cashlow Friday tip is based on a profound statement I like to use when speaking to both new and experienced real estate investors about their investment strategy.
0:46.3	And this profound statement is real estate is easy to get into but hard to get out of.
0:52.1	Now let me take a minute to tell you what the statement really
0:54.7	means to me, and I'm going to do that by breaking it down to two separate parts, with the first
0:59.2	part being the getting into real estate part, and the second part being getting out of real
1:03.5	estate, or you can also say your exit strategy. I guess that's another way to say that. In fact,
1:08.3	that's probably the better way to put it. So let's talk about the getting into real estate being easy.
1:12.5	Now, that's a relative statement because, you know, it's not easy.
1:17.7	Real estate, investing in real estate is not easy. It takes time. It takes patience.
1:21.5	It takes proper education, a proper team.
1:24.4	But at the end of the day, it is somewhat easy to buy a rental property because
1:29.6	there's many different strategies to get into real estate. You know, you can basically get in
1:34.2	with almost zero money doing wholesaling. That's one way that a lot of guys get into this business
1:38.4	that have no money. They wholesale contracts. And that's somewhat easy to do. It's hard to scale,
1:43.3	but it's not rocket science to wholesale
	...

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