HOUSE FLIPPING TV SHOWS Myth or Reality?
Access A Copy of Brant’s Magazine
BEGIN CREATING WEALTH AS A HOUSE FLIPPING TV SHOWS MYTH OR REALITY?
SPOTLIGHT on BRANT PHILLIPS
Brant Phillips is a full-time real estate investor, business owner, business coach, speaker, realtor and bestselling author. He has been featured on Fox News as a Real Estate expert and hosts local seminars and training events.
Brant is a proverbial ‘rags to riches’ story, while living in an apartment and having no money, he was able to purchase his first investment property on a credit card! He went on to buy 10 properties that same year with no money down. Since that time, he has gone on to purchase, renovate, flip and rent hundreds of homes and owns a portfolio of rental properties in the millions and continues to flip houses and take part in a variety of real estate projects, including new home construction and development.
In addition to Brant’s real estate pursuits, he’s an active entrepreneur as owner of a coaching and consulting business. One of his companies, Invest Home Pro, was recognized by Inc. 5000 as one of America’s Fastest- Growing Private Companies.
Brant is also a licensed Realtor with eXp Realty. His primary focus with eXp is to help agents grow their business by becoming a shareholder in their own company and celebrate in the company’s financial success as well as helping them build recurring revenue models.
Brant is a husband and father of five and enjoys helping and teaching people how to experience the freedom and success he has achieved through successfully investing in real estate. As a former police officer, he prides himself on integrity and serving others.
BRANT PHILLIPS
Community Investing That Makes Sense
If you’ve watched any of the popular House Flipping shows on HGTV, then you know the pretty houses you see when a couple is shopping for their dream home didn’t start out so pretty. After binging on a few episodes, you might even think the recipe seems kind of simple
STEP 1: Find a property in really bad shape
STEP 2: Buy it dirt cheap
STEP 3: Fix it up
STEP 4: Sell it for a big profit
Sounds easy, right?
Former cop turned real estate investor Brant Phillips thought so too.
After spending seven years as a police officer, Phillips entered the corporate world where he determined pretty quickly that it wasn’t for him. Brant admits that he watched a lot of the fix-and-flip shows on TV and was drawn to the construction side of real estate. He really liked the idea of taking rundown, distressed properties and turning them around quickly so he dove right in.
Brant soon discovered that there was one very important ingredient missing from that simple Reality TV recipe…
“How are these investors getting the money to buy all these cheap houses?”
“One of the biggest obstacles that investors face is securing the financing needed to actually purchase and repair their deals,” Phillips explains. “The properties we typically buy as real estate investors are commonly known as ‘ugly houses.’ They often have massive amounts of deferred maintenance. They may need foundation repairs, new roofs, countertops, and flooring. They often need everything.”
A Classic Catch-22
Investors can buy the house cheap because it’s in such bad shape, but the mortgage companies won’t approve the loan because they feel a property in this condition carries too much risk. So, with few options but a wealth of determination, Phillips set out to find that missing ingredient.
THE MISSING INGREDIENT
What Phillips discovered was that there are normal, average, everyday folks who are risk- averse when it comes to investing in the stock market. But, they could understand and appreciate the above-market rates of return and security Brant could provide them by investing in a private mortgage backed by his real estate deals.
“Private Mortgage Lending is really Relationship-Based Lending”
Phillips says, “Things changed for me when I realized how many people had been financially hurt in a big way through the ups and downs of the stock market over the years, and because of fear they just had money sitting there. I knew I could help them overcome those fears by educating and showing them how passive and safe investing in real estate can be when done right. When you take on the mindset that your goal is to help people understand the process, their fears and questions often subside and they’re ready to go.
It’s not about pitching a deal, being a salesperson, or anything like that. It’s really just about educating people and finding what’s a good fit for you, your business, and your potential lender”.
Brant’s method for raising private money has nothing to do with knocking on doors, pitching deals and asking people to borrow money like a pushy salesperson.
Instead, Brant educates potential lenders about the opportunity to invest in private mortgages — and that’s all he does. He lets them know how it works, explains the steps, and just answers questions.
Driven by his commitment to educate as many potential lenders as possible, Brant wrote “PRIVATE LENDER PLAYBOOK”, which became an Amazon #1 Best Seller.
Brant’s philosophy worked. Using their own cash savings, often from retirement funds set up in a self-directed IRA, this special group of niche investors provided Brant with the missing ingredient that would allow him to buy all the deals he could find.
Brant Phillips didn’t just discover a financing option, he found a solution that would benefit not just himself, but his lenders, his community and the hundreds of other real estate investors he would go on to help.
This was a true WIN-WIN-WIN-WIN situation
PRIVATE MORTGAGE LENDING
Brant’s educational style of attracting lenders has been an important ingredient in his success. The following is the foreword to Brant’s Best Selling book written by long time lenders.
“We found a better way by
Ron & Ann M.
I retired in 2008. Stock market losses ate 50% of my life savings. Hang in there for five or six years to hopefully break even without touching one penny for withdrawals? Wait for the next “buying opportunity?” No thanks, there has to be a better way.
I round up the usual suspects: bank CD’s, annuities, ETF’s; all with risk vs. reward. Maybe Hedge funds! No, I’m a few million short of qualifying. Like Goldilocks, one is too hot, one too cold, none just right.
CD’s at 0.5% double my money in a mere 150 years- too cold! Annuities confiscate my money forever; eat up 7% invested on day one, and drizzle back 4% until I die-still too cold. ETF’s put me back in the market- with only 7,000 fund choices – plus a high sleepless night quotient- too hot for me.
I pause to think: Why can’t I be like the banker in my childhood home town? All he did was loan out the bank’s cash for interest, mostly for home mortgages. My folks got one of his mortgages for $14,500 back in the day. That banker lived in the biggest house, drove the fanciest car, built the most impressive marble building, walked on the deepest carpet and sat behind the largest mahogany desk made.
Here I am in 2008 looking for someone successful so I can do what they do. It hits me that what was old is new. The banker made thousands just on my folk’s loan. His risk was minimal. He’d done his homework. Worst case he’d get a fine house back. He doubled the banks money while collecting a payment each month, all for lending to responsible people. This strikes me as just right.
My search leads me to self-directed IRA firms letting me make loans using my IRA cash. Loans like the banker did, only this time I’ll be the one to double my money. I kiss a few frogs and then find Quest IRA just miles from me. We have since done 40+ loans using them.
We needed a responsible person(s) to loan to. At a Quest mixer we meet Brant Phillips and do our due diligence. Our assessment was that he has the highest level of integrity and operates from a win -win basis. This has never wavered in our 10 years of doing business together during scores of loans. If Brant tells you it’s so, you can take it to the bank–and we have.
We have found the better way. Several examples in this book are our loans. They provide a steady stream of “mailbox money”. We sleep well knowing our cash plus interest will return to us, all secured by homes. Homes that working families live in; quality properties where local neighborhoods are improved. We help Brant, his family and people be well provided for. No Annuity or ETF match can match that.
Is there a learning curve to know the steps in loaning your money? Yes. Is there paperwork involved? Yes. Good carpenters say, measure twice, saw once. My advice, read this book twice. Know you are in good hands. You have found the person who is successful; do what he does- it’s all in this book!
When you have a big enough why, the how becomes small. We just returned from three weeks in Hawaii and have our next Costa Rica trip set, thanks to those interest checks. As can you. We encourage you to take action.”
COMMUNITY INVESTING
=
Win Win Win Win
WIN FOR BRANT’S LENDERS
Since most of Brant’s lenders live in the local area, besides getting above-average earnings on their investment they get to enjoy what Brant calls the “feel-good” aspects of lending as well
- Their loan is secured by an actual property they can go to.
- They can see the renovations taking place and watch the house evolve
- They get the peace of mind that comes from investing in their own community with somebody they know.
WIN FOR THE COMMUNITY
The benefits to Brant and his lenders may seem obvious but he feels that the not so obvious wins that their relationship can produce for the community are equally important
- A very rundown home in a neighborhood has been restored.
- Jobs have been created for the local contractors and tradesmen that are hired to do the work.
- Tools and materials are purchased from local hardware stores.
- Last and certainly not least, they’ve provided a very nice, clean, and functional home for a family to purchase or lease.
Phillips says, “It’s a feel-good story all the way around that would not have happened if the lender had invested their money with Wall Street in something they may have very little knowledge about or provide them any security at all.”
WIN FOR BRANT
It’s not just Brant’s lenders that reap the rewards. Working with a Private Mortgage Lender provides him with a lot more advantages than he could ever get from a traditional bank or mortgage company.
Availability of Money
First and foremost, Private Money may be the only way to get the deal financed.
Flexibility
Private lenders provide Brant flexible terms that are unheard of with traditional mortgage loans, such as 100% financing, interest-only payments and even deferring payments completely until the house is fixed up and sold.
Speed
Good deals don’t last long. As a real estate investor, it’s important to be able to make cash offers and close fast. Working with private lenders, Brant avoids the red tape and drawn-out approval when dealing with banks or mortgage companies.
WIN FOR HUNDREDS OF REAL ESTATE INVESTORS
Fast forward to today, besides being a successful real estate investor himself, Phillips is also the co-founder of Agent Investor Pro, a Real Estate Education company that specializes in helping real estate agents who want to build a real estate investing side to their business. One of his most popular workshops focuses on teaching his students how they can use the same proven system that he’s been using for years to successfully get funding whenever they identify a good quality investment.
Most Investors Will Never Know How Easy It Is To Earn Above Market Returns While Restoring Communities, Building Assets And Changing Lives
Discover how to passively invest in real estate as a Private Mortgage Lender
Investment opportunities with attractive rates of return in a secure investment vehicle are extremely rare and difficult to find. But what if you could invest passively in real estate and earn predictable ‘mailbox money’ each and every month? PRIVATE LENDER PLAYBOOK will take you step-by- step into a little-known area of investing: Private Mortgage Lending.
Financing options available to investors who want to purchase and renovate real estate can be limited. Traditional mortgage lenders are reluctant to loan money for properties requiring extensive remodeling or repairs. As a result, the market for private money lenders has grown. Closing the gap in funding that traditional lenders weren’t filling.
In the PRIVATE LENDER PLAYBOOK, Real Estate Entrepreneur, Brant Phillips walks you through:
- How to ‘Think Like the Bank’
- Why you don’t have to gamble your retirement in the stock market
- How to determine your ideal investment type
- A system to analyze and qualify borrowers
- How to analyze potential deals
- Guidelines to determine your interest rate and fees
- Ways to overcome the typical myths, misconceptions & pitfalls
- How to build your team
- The proper loan documentation and how to secure your investment
- How to lend from your self-directed IRA
- And Much, Much More!
Visit PrivateLenderPlaybook.com
to Download Your Free Chapter TODAY!