Boston Real Estate Investing Coach
MIG | How We’re Changing The Real Estate Game
As the Co-Founder of MIG (Multifamily Investment Group) Realty, I am happy to share our story and provide some insight in to my business partner, Hakim Salder’s background as a power house real estate broker and investor in the Greater Boston Market. In this video Hakim and I discuss
1. His entry into real estate
2. Why we founded MIG
3. What makes MIG Different
4. The power of 1031 Exchanges
We also chat about understanding the rental market and how rentals are the key to building a successful multifamily portfolio. At MIG our approach Is data driven and we are able to source off Market deals for Investment to create unique opportunities for our clientele. 🏢 If you’re looking for your next Multifamily Investment property visit http://MIGXM.com 🏠 If you’re looking to buy a home visit http://btrealtygroup.com 💰 For Hard Money visit http://BostonRealtyFunding.com 📚 For free resources to get into real estate visit https://linktr.ee/robertlnichols 👷🏼 For Home Depot Exclusive Discounts visit https://homedepot.sjv.io/O1PQG
DIY How To Install A French Drain for $500 In Yeezys
We just Installed a French Drain for $500 while Young Petey was rocking his Yeezys! All kidding aside, I received a quote for $8000 to do the same job. In some cases you’ve got to find a way to DIY (Do It Yourself). By Watching this video, you’ll learn how to install a french drain and save yourself money in the process. Here are the links to the main items I purchased at Home Depot. They have the best pricing for the materials.
Ez Drain Pipe – http://homedepot.sjv.io/EZDrain
Ez Drain Dry Well – http://homedepot.sjv.io/drywell
Ez Drain Surface Darin – http://homedepot.sjv.io/surfacedrain
Weekly Mentorship Live With Robert Nichols – https://robertlnichols.com/weekly-mentorship
📈📊 Free Gift 🎁- To get a free stock visit: https://join.robinhood.com/robertn1736
🏡 For free resources to help you grow your real estate business visit: https://linktr.ee/robertlnichols
If you need 💰for your next real estate investment visit: http://BostonRealtyFunding.com
As a young real estate agent or investor, it is important to understand the key to success. In this video I share my top 4 ways to get listings and find real estate deals as follows:
1. Calling the Folks with the deals
2. Door Knocking
3. Sending Letters
4. Auctions
When you’re first starting out in Real Estate, you don’t have a ton of cash to spend on marketing. These 4 strategies don’t require much financially but they call for maximum effort, grit and discipline. If you engage at in these activities at a high level, you will succeed. It you are consistent and commit to out working the competition, nothing will stop you from succeeding. You must have the right mindset! Focus on the process not the results. I hope you enjoy this video and stay tuned for more!
How Young Agents and Flippers Can Build Their Business
As an experienced real estate entrepreneur, I see a lot of young agents and flippers alike struggling to build their business. In this video, I provide a few quick tips for what new real estate entrepreneurs can do to grow their business and make more money!
When it comes to flipping houses, it is very easy to get caught up in all the possibilities and potential of what can be done to transform a home. While it is great to visualize what can be done, you must control your emotions in order to ensure you don’t over invest in the property . To avoid this, the key is to maintain your focus on optimizing your investment in the property so that you put in just enough to get a the maximum return. You never want to over invest in a property, but you don’t want to under invest in it either. As a new investor, it is important that you understand what buyers are looking for in a home so that you can ensure you make the right improvements based on buyer’s needs. It’s a tough balancing act when you first start, but with the help of an experienced contractor, designer, real estate agent or mentor, you’ll be able to acquire this skill and start building your business the right way.
Real Estate agents can be of great value to real estate investors. Form finding off market deals to running comps and helping to sell for top dollar. Some investors and investment gurus view real estate agents as the enemy and it just doesn’t make sense. Investors and agents make a great team.
When it comes to financing the purchase of real estate, many investors opt for hard money over traditional financing. The advantages of hard money include, quick closing, easy access to capital, minimal down payment based on the value of the asset and no credit check. The downside is high interest rates and it’s only a short term loan. While traditional financing offers lower rates and better terms, it is much tougher to qualify for a loan, and the process can take a months instead of a few weeks. When it comes to purchasing properties quickly hard money is your best option. Many investor use hard money to acquire properties and then refinance to a traditional loan if they plan on holding a property long term. It’s the best of both worlds.
Basic Skills Needed To Flip Houses
Many new investors gravitate to flipping houses because they think it is a quick way to make easy money, but in reality, there is nothing easy about it. Flipping homes starts with education and acquiring the skills you’ll need to be successful. These skills include, marketing to finding deals, financing, contract negotiations, construction management, design, analyzing deals, marketing a property to be sold and numerous other skills that will be required to overcome unforeseen obstacles along the way. There are tons of free resources online to get educated on the process and a good place to start is http://biggerpockets.com.
When it comes to flipping houses, the most important part of the process if cultivating your exit strategy. This will enable you to hedge your expectations and keep your emotions in check. It’s easy to get caught up in the hype and income potential, but thinking about your exit strategy will bring you back to reality. Working on your exit strategy will enable to think about both the best case scenario and the worst case scenario so that you are ready to handle any unforeseen circumstances. While its great when everything goes right, it’s even better to prepared when things go wrong. The last thing you wan to do is scramble around trying to figure things out on the fly. Plan ahead and proceed with confidence. This is one of the key principles to real estate investment success.