Reasons For Rentals

 

Alright, so let me know if you can see the screen and, check out my audio. Let me know if you can hear me, if it sounds good and we are going to dive into the reasons for rentals. Alright, Mr. Rolf Felts, Mr. Action Taker, I see you out there in the inter-webs, in the social medias, the face-a-grams, the insta-books. That’s what I like to stay around my soon to be teenage son, around on his friends and my nephews so that it really embarrasses him as he tries to be hip, most of the time. Anyways, good deal, looks like we’re going to go live and I’ll let you guys know I’m a little under the weather, just a heads up on that, okay. I’ve got some Starbucks here, my gallon of water that I drink every day.

Alright, cool! It doesn’t look like this thing is going to record for me, so hold on a second. Alright, so we’re not going to record anything so we, uh never mind. So, the last thing that I want to make sure of, if you can let me know if you got the full screen it should be the full screen of reasons for rentals if that’s what you see, then give me a little thumbs up alright cool. I’m on a couple of different screens here and just want to make sure that we have the right screen here, alright so let’s dive into it.

Reasons for rentals, why am I doing this webinar? So time and time again people ask me like, you know they’re kicking tires asking themselves: should I invest in rental properties, really everything I’ve heard it to be? And some want to know if what they’ve heard it to be is true? And that could either be a good or bad thing you know, who knows what, but a lot of people I know of stay on the fence. Thinking I am not really sure, maybe I should, maybe I shouldn’t and so on…

So what I am going to do is to provide some reasons for rentals and many of theses are the reasons that I chose to get into rental property. Some of these reasons that didn’t even know about at the time I started, but since I’ve been doing this for ten years now I’ve learned and discovered the things that I really, really like and I discovered the aspects that I don’t like but, that’s okay because they still lead to a pretty compelling argument for you to consider taking some action purchasing some rental property.

I tell people friends, family members and of course my students that I think everybody needs to have a little bit of rental property. You don’t need to have a hundred houses, but why not get one or two? So just take this conversation that we’re going to have today, as you know things to consider about your own business, you own investments, your own net worth and we are going to dive into this thing and give you something to really think about and ponder because to me, it’s a no-brainer. I’m biased of course, but that’s me. Then I am going to go over some training and things like that where we are going to talk about, in the end, a very soft pitch where I am going to offer some training products for those of you who signed up to watch today’s show and I promise to give some bonuses out, so I won’t forget about that either.

Reasons for rentals. Let’s start with the money aspect. What are the big things that draw us into rental property and investment property? In general, it’s that you have the ability to leverage. The ability to leverage other peoples money (OPM) is called by Robert Kiyosaki as the number one skill of an entrepreneur. The Number one skill of an entrepreneur is the ability to raise money. Rental properties lends itself well to this. Rental property lends itself well to leverage money, to first purchase the property and own it.

Let’s just face the facts, right, like the game has changed. The traditional model of saving for retirement and you know working a job and relying on your company 401(k) to provide for you and your family when you get older, for the most part, I know there are some exceptions and there’s the upper-middle-class where this might work. But for the most part, that model doesn’t work anymore, because one of the instability of corporations since the 401(k) was introduced, companies don’t really take care of their employees like they used to and the way the government prints money and inflation all these types of things we have today, you simply have to create some type of leverage in your wealth building strategy to really get ahead.

Because if you’re just saving money, you’re most likely losing money. You’re likely just breaking even and staying with inflation. Rental property allows us to leverage money. What do I mean by that?

We primarily purchase all of our investment properties, whether they be rentals or flips, with private money. We purchase them, not only the cost of the homes, but we borrow the cost of the home and we borrow the money to do the needed repairs with private money. Then, what do we do? We take that initial investment, say $100,000 total investment, and we refinance that with the bank to secure long-term financing that we can fully amortize a full payoff. And then we leverage that money and simply ‘recycle’ it. By that, I mean the lender’s money is returned to them as we make monthly payments on time, whenever we are borrowing that money and then all the capitals is returned, we essentially recycle it by leveraging the banks long-term money and then we reinvest the private lender’s money back into play in the marketplace with a new deal.

The ability to leverage money is incredibly powerful. The next thing is that other people, meaning your tenants, are going to pay off all of your real estate. Other people are actually going to pay off all of your real estate and all of the expenses in the meantime! Meaning if you bought it right, and buying it right by the way is a part of this game, which is having discipline.

You have to have discipline. The other day I had, I brought one of my mentors to speak to my students at a Breakthrough at the Beach event and he has a net worth in 50 million+ range and during his hour conversation with my students, he must have used the word discipline seven times. I was keeping track writing in my notebook and taking notes and he used the word discipline at least seven times. He would just keep on saying it’s about discipline, it’s about discipline.

Let me just assume that you’re using discipline when you do a deal using the proper formula on how to buy your deals. A good rental property is one where the rents are going to be paid by the tenant, and that rent is going to cover all of your expenses, your principal, your interest on your mortgage, your taxes, and your insurance and you are also going to add in for repairs. Not just the initial repairs, but I’m talking about after the initial repairs are made to the property for long-term maintenance repairs and just general repairs that occur.

Also your you’re going to account for some vacancy that is going to occur most likely. No, it doesn’t always occur, but I want you to think about that. I want you to think about that I bought a house in 2007, originally it was a 20-year loan, I’ m sorry, 30-year loan but I refinanced this loan about 6 years ago to a 10-year loan, that home is almost paid off today.

I’ve got another property that I’ve owned for eight years and that property is on a 15 year mortgage and it is half way paid off. I’ve never had another tenant and I’ve not even been to the property since I purchased the property and the same exact tenant is paying off my home. So, what I want you to get is this:

When rental properties are done right, other people will pay off your real estate.

We could just stop the presentation (laugh) by the way now. When it’s done right, it is incredibly powerful. So, let’s talk about what happens also over the long term, which is the value of your property is going to appreciate if we just look at typical appreciation of being 3% per year then you can look at the examples on the screen that a $235,000 a home will be worth $485,000 with 3% appreciation over 30 years.

Typically home prices mirror inflation. Typically they mirror inflation, so that is the law of economics. I know there are some exceptions to that with some of you on the East Coast or West Coast probably think like “No, that’s not true,”. But wherever you live, let’s face it, if appreciation were much higher in than the cost of housing before too long no one could afford to buy a house. The fact is that typical appreciation is about 3% per year, so if you are investing in property that you’re fully leveraging and if you put some of your own cash in it too, that’s fine. Let’s go back to the first slide. If you want to invest your cash and do this that’s completely fine. Look, all my eggs are in the real estate basket and in my businesses, whenever we have profit, it goes back into real estate.

So I’m not one to say never put your own money into real estate because I think it’s a fabulous place to invest money, into real estate obviously because this is all I do. Why? I like to be in control and I like to earn way above market returns and that’s what leveraging money gives you that ability to do, to leverage other people’s money one hundred percent if you’d like and then on top of that, the leveraged money you’ve borrowend, you’re no earning appreciation. Almost every single year and there is a general rule that says every 20 years real estate values will essentially double. Yes, real estate values will essentially double every 20 years. So I don’t know your plan, but when I got started in real estate in my early 30’s you know that was my plan was to own a lot of real estate free and clear by the time I got my 50s and even certainly some now in my 40s, owning rental property free and clear.

But if you understand that when I started in real estate, I had no knowledge about real state and I had no money. My wife and I were living in an apartment. We had just paid off our credit cards and student loans and I’m like telling my wife, “I’m going to be a real estate investor” but I have no money or experience, so having that goal then was a really big thing for me but it has come to fruition.

So, I think it’s you know, an incredible opportunity to invest in rentals, but whatever that’s me, I am biased, this rental property training is for you to make a decision for yourself. So at the same time that you’re paying down what you owe on the property, your house is appreciating. So the same exact time you are paying down the principal you’re accumulating more equity and this is this is really wealth creation on autopilot.

Whenever you buy a property and lease it out have it managed or you manage it yourself, whatever, and set up your mortgages on auto bill pay some of the business aspects are very simple.

So you know, as a business owner there some months we have phenomenal months and there are months we suck and it’s not so good. But whatever happens to my business as a collective whole, good or bad, preferably good, either way I know that every single month of all this real estate I own is that there’s payments going out every single month and that principal amount we owe is going down on auto-pilot.

Personally, I aggressively pay down my principal on homes, and that fluctuates a little bit depends on the markets and you still need to finance homes in amortizing with the 30 year amortization, now, we aggressively pay them down. We started doing that in 2009 when the markets really allowed us to do that, it’s a little bit harder in today’s market but it can be done.

So yes, I’m all about rental property being for wealth creation and every single month my payments are going out on auto-bill pay, so every month I am increasing my net worth and accumulating more equity every single month. So we are getting that benefit of the tenants paying the rent covering all our costs and paying down the mortgage every single month.

So, tax benefits, tax deductions, depreciation, now I am not an accountant and I don’t desire to be an accountant, and quite frankly, I really don’t desire to know that much about real estate taxes honestly, but I do hear a lot of people talk about getting into rental property for the tax deductions. So first, I would say maybe reconsider that mindset. I don’t think it’s typically wise to get into something just to pay fewer taxes. I’m not going to say that I enjoy paying taxes, but I pay a lot in taxes and I’m okay with it because I make a fair amount of money and so being good in business and paying taxes is simply a part of the game but I do look for loopholes, for ways to pay less taxes and I work with my accountant a lot on that. But this is the part of the business for me personally, I am not going to get into an investment like some and say “oh!, I might not making money, but I can pay less in taxes!”

So, with rental property it just so happens that you can make a lot of money but also get tax benefits and deductions from it. So, I’m not going to into this except to say of course for all of your expenses you will need to talk to your accountant, but basically all of your expenses that you have with investment property are tax-deductible, not only the purchase price of the closing cost of the repairs but you need to look at the gas mileage going to and from the houses, maybe certain calls with contractors or building your team, or if your in a coaching or mentoring program, or you’re getting online training or education and all that kind of stuff can be tax-deductible. Just be sure to talk to your accountant but that that’s one of the benefits with this investment and then you get into depreciation.

Depreciation is where you can choose how you want to take deductions. You can take them all at once if needed, if you’re in that situation, or you can spread it out over time. So while I don’t recommend that you come into new investment property just for tax deductions, but talk to your accountant about this and see what you can deduct, because you can of course deduct common expenses like insurance, home office expenses, management fees, preparing your taxes all this kind of stuff. So, there’s a really incredible benefits with that.

So, you know, I talked about appreciation but also there is inflation to consider because the average rate of inflation is around 3%. Let’s talk about whenever there’s, if there’s instances of, I’m not going to say a hyperinflation, but there are instances in certain markets where we have an abundance of inflation to where you know certain areas may rise up about 10-15% a short period of time. Typically over time, inflation has a very negative impact for most people because inflation is the hidden tax, not for us as real estate investors as the cost of living increases, guess what also increases? Yes, the cost of rents.

If you’ve got long-term financing in place guess what? That doesn’t change, no matter how much inflation goes up, no matter how much the cost of living goes up, your rent collectively goes up. So when you buy your first property your rent levels are right here, 2 or 3 years later your rent levels here, 2 to 3 years later rent your rent levels are here, and 2 or 3 years later your rent levels are up again and yes for your mortgages are in the same place as when you started! Sure your investment property insurance and taxes may have gone up a little bit but your rent is significantly higher, significantly higher.

So you’re basically leveraging once again this cheap, cheap money. This cheap long-term money that’s fully leveraged and at the same time we’re getting the benefits of inflation, appreciation and all of these things at the same time as your principal owed is going down as well. That is some of the things for you my friend to consider, but for me, there’s nothing left to consider except how to buy more and how to manage more of them without them being in a headache and that kind of stuff.

So let’s talk about yield, let’s talk about the cash flow so let me just cut straight to the chase. Does rental property have yield?

So if you buy it right, if you’re disciplined and you buy it right, which you better buy right because you get better cash flowing properties of course and one of the components of staying successful in this business is having staying power and properties have to cash flow. And that is cash flow after all of your expenses are paid, so the simple response is yes, rental property has cash flow, but only with the right properties and proper management.

The second question is: Do I view this as passive income?

Absolutely not, absolutely not. In most instances and I’m talking about you know meaning that you are probably fully leveraging this property, maybe 100% maybe not, maybe 80 or 90% whatever it is, but if you’re not putting more than say 20%-30%-40% down then that means that you are fully leveraging it, so it’s not going to yield a ton of cash, at least not in today’s market right now on most deals. There are exceptions to every rule, there is an exception to almost everything I say.

Right now, I am speaking of the 80 or 90% there are some markets that we go through, we will go through, and some I’ve have been through, I don’t know if it’s big or extreme as that but you are able to fully leverage property a hundred percent and cash flow like a mother but that’s not the market right now. So for me, that’s okay, why? Because my intention with rental property is not really the cash flow. You see when I got started in this business there was a lot of mentoring and coaching I feel like falsely led people to believe that that single-family home rental property was this is an incredibly passive investment with tons of cash flow. While it can be if you’re putting a ton of cash down to buy it and you have no day-to-day responsibilities with your properties, meaning how you are finding those properties, how many are you doing, who is managing the rehab, who is taking up phone calls and emails from the tenants etc. etc. I feel that multi-family is much more passive and a much more ideal way to invest passively in real estate is just being a private lender, quite frankly.

So if your goal is just passive income I would not look for a single family rental property, I would just become a private lender on rental properties. This is how we earn the greatest amounts of return and we do generate cash from it and you better generate cash from it. But for me, this is about wealth creation, so the cash generated from rentals goes back to my rental portfolio to be repaid on principal more aggressively or it’s just there for other repairs, maintenance, vacancies, and whenever that comes up that’s unexpected. And when I get to a certain reserve number that I have it with all my properties and my accounts from the partnerships I’m and my own rental properties, we get to a certain number and then we will pay down more principal. Makes sense right? So that’s what we do with the cash flow from our properties, not the other way around.

Alright, so another thing with real estate, in general, is that it’s less volatile.

Real estate is a hard asset and I get it, I’ve only and mainly spoken to you about you know prices going up and appreciation so it’s like it’s not going to stop and we know that real estate also goes down. We know it will go down, I shouldn’t say that it can’t go down because we know real estate also goes down. So the thing is with that is, it is still housing, it’s still a hard asset. It is less volatile than most other investments out there. I know that there are minerals and gold and things like that, but I am talking about it is a hard asset it’s not some tech company that you’ve never seen or known the people and they’re out of business the next month.

So it is a hard asset, so that’s another you know just kind of a point for rental real estate why it’s such a no-brainer in my book. So the longer that you hold property. Depending on your game plan, depending on your time frame is that you can set these things up to own the free and clear, to own these things free and clear. I mentioned earlier about one of my goals when I first got started with was to own free and clear real estate.

So some of my mentors when I first started to own a free and clear real estate I was like “dude, I want to be like those dudes.” So that’s one of the goals with the thing is not to just leverage it and refinance it every few years, which we’ll talk about that and you can do that that and that is another reason for rental property. But it’s definitely not the goal for me, my goal is to own these things free and clear and at that point in time, most likely for me, now I don’t actually plan on continuing to own rental properties at some point in the future. My ultimate goal is to owner finance them and I’m already starting to do that with a lot of our properties that are actually wrapped mortgages to owner financed buyers with our existing properties that are leveraged.

So you are going to do find some insane numbers as well with owner financing if you look into that. So I’m going to do a webinar on that pretty soon.

But this is one of the beautiful things if you set your business up right and you’re doing the right types of deals, then you can absolutely be able to own these things free and clear and we are talking about some massive, massive cash flow and equity for years and years to come.

So let’s talk about like, let’s say that you get into a pinch or let’s just say that you want to leverage some cash, then your goal is not to own property 10, 20 or 30 years like that. You can also buy and hold the same property for five years’ or so and time the market and sell it, which is cool. We do that too with a portion of our portfolio. Sometimes you know you hit on certain properties in certain areas and the values go through the roof. We had one recently that there was more than $100,000 of equity in this home and in about six or seven years. That’s a lot of equity, so it’s either like we can just keep paying it off and there is nothing wrong with that, or we can refinance it and get some cash out, or we can just sell it. This was not a property that I wanted for the long term because of the price point, the taxes, and other stuff and other long stories, which was why we sold it and cashed out. In this deal, we had options, which is good. We could have refinanced it, to get cash out and access that equity, and put the cash into other deals, use it for down payments or whatever we wanted to do and that money is actually tax-free until we sell the property. And that’s another interesting point right there is that you could pull out money for maybe starting a business or whatever you want. You have options with investments and options are a good thing.

So this is the refinance options slide, and this is where we go to the next one so, you can also time the market and wait to sell when the market is at its peak. Now I just mentioned the property that we had, we had $100,000 worth of equity. In my opinion, this was this the highest point before the market dips again, so while I know at some point it will go the higher, but I don’t know if this will be six or seven years and we’ve had the same tenant the entire time I should also mention.

A lot of people think that they’re going to have a new tenant every month, and sometimes we have high turnoever, but we also have properties where the tenants stay for a very long period of time, but on average they’re staying two, three or four years if you screen them right up front. So that gives us the ability to sell high, to time the market way to sell when the market is at its peak, right? So when the markets’ at its peak then you have to structure your leases the right way, okay? But you can wait and sell so you time the market to buy low and sell high.

What’s the goal of the successful investor? Buy low and sell high. Discipline, discipline, discipline. Discipline to buy low, and to access the sell point to know when market is high and then sell.

Now something else to consider also is a 1031 exchange it. That is basically where you can capitalize on the tax deferment program, which is basically what it is, but instead of paying all the taxes, when you sell it, you put those gains into purchasing another property. Now will you have to pay the taxes at some point in time unless you continually 1031 exchange into other properties until your death, which some people do. So there’s some intracices with 10-31 exchanges and there are some restrictions and guidelines about certain properties that you can and cannot do, etc., so be sure to talk to an expert with a company that specializes in this. There are specific companies that help with 1031 exchanges so this is definitely, definitely something that you should consider with your rental properties. Certainly if one of your things is avoiding paying taxes, then you can 1031 exchange every time you sell a property and go buy more property. So you can really, really leverage this buy starting slow and just buy one, sell it then buy two, and buy two sell it, buy four etc, etc.

Now, let’s talk about wealth and freedom here. So I know for me when I got started in real estate investing, becoming a full-time entrepreneur was the ultimate goal for me. To create wealth and to create freedom was the ultimate goal. What I want to tell you that if you’re getting into real estate are considering to buy rental properties to create wealth, which I’m assuming you are, or you’re pursuing freedom, then long-term ownership of rental properties will allow you to accomplish both. But it’s not a short-term play at all unless you got a $1 million and you’re going to slap it on some rental property. I’m talking about dudes and people like me who have to leverage like I did. If you’re where I was at when I started and you don’t have a lot of cash, if any, or have some cash, just not too much. But if you’re looking at a long-term plan, a very reasonable long-term plan, then rental property can absolutely help you create that.

Some of the things that we can do with marketing to find deals far below the market price is that you that you see them on the MLS, is we have the ability to get construction work done significantly less than retail prices. Little things like that, these little nuances that we have different skill sets as real estate investors and if you don’t have them yet, now you can learn them. And when combine those things with the long-term power of appreciation, inflation, and then also paying down your equity, and start paying down your principal, and your tenants are doing all of this for you. When you’re able to fully leverage it like there are just a lot of little things that go into creating a lot of wealth and the more wealth that you have, the more freedom that you have and that is the ultimate goal. Those are just some of the many reasons for rentals.

So what I want to talk to about now is where are you at?

Where you at in your investment business? Where you at financially? Are you meeting and exceeding your investment goals for investment properties? Maybe you want to flip some houses, maybe you want to do some wholesaling, whatever it may be. Well, I’ve found that there are four, I call them X-Factors of success. When you really boil it down and are ready to take action and go out and find rental property, or flip property, wholesale a property, whatever it may be, then you need the right ingredients if you will, these X factors of what it takes to create success. So really it starts with the right Mindset. Really being determined, really be being focused and really educated as well as what you want to do, and how you can do that? So when you get that right mindset and determination mix and really dive into this business, next you’re going to ask yourself, how do I execute? How do I execute on this?

In other words, what are the Skill-sets that I need in order to create success? Because there are a lot of skill sets that you need. You need to know how to generate your marketing or deal flow or have agents also bring deals to you, and you need to learn how to estimate repairs, how to analyze deals, how to raise capital, how to manage contractors, rehab, and know market and rent and leasing guidlines or how to manage or sell your property. These are skill-sets that you have to learn, or you have to learn how to leverage from others. Another interesting thing that I feel is that success requires being in the right Environment.

We’ve all heard that when you are a kid, or if you have kids, how important the influences of friends are, right? We’ve also heard that typically you are, or your net worth is the average of the people that you are closest to, like the five people that you are the closest to. That’s just a little bit of how important it is to be in the right environments. To be in the right environment is critical, so what I’m going to share with you is an opportunity a part of an environment that is conducive to success being surrounded by some of our other students.

Another piece of this puzzle is Accountability. I’m talking about really allowing others to hold you accountable or being in a program that enforces some accountability to keep you on task, to keep you moving towards the things that you said you wanted to create and accomplish. So we take those 4X-Factors and combine them together. We take the right mindset, the right Skill-set, Environments, and Accountability and we put those with the seven fundamentals of real estate.

There’s really seven fundamentals of every successful real estate deal. So those of you who’ve read my book you know that I wrote a book and it is based on the seven fundamentals of real estate. We have a complete training course and program that will come out with seven individual books that dive much deeper, but what we’ve done is created an environment in a program/platform with video training that dives deep into each of the seven fundamental, starting with that mindset foundation platform that helps you grow and strengthen your mindset to get really clear on your goals and outcomes. Whether it’s about buying one rental property in the next 90 days or buying ten in the course of a year.

Then you learn the Skill-sets, like how to generate deal flow, how to evaluate deals, how to estimate repairs, how to raise capital, how to rehab, and then you learn how to generate income from property. There are a lot of ways to generate income from real eestate, whether that be owner financing, flipping houses, wholesaling, of course by renting it out, or whatever it may be.

So you know what I want you to do right now is just take a little bit of time, I don’t know if you’re in any coaching or mentoring programs currently, or if you’ve ever had coaching and mentoring, but I can tell you personally I’ve invested a lot of money in personal and business coaching since I became an entrepreneur. The last couple of years alone I’ve invested over $200,000 personally, so I’m a big believer in the power of coaching, the power of environments and the power of accountability. So I just want you to ask yourself, like be honest and real with yourself, what would it be like to have me and my team training you? Receiving coaching from me on a daily basis, about real estate investing. Getting all of this information as much as you could really ever need to know about the seven fundamentals of a real estate deal: mindset, deal flow, evaluating repairs, estimating repairs, financing, rehabbing, income generation, and all of these things. What would that mean to you?

I would also say that it’s not just information as much as the environment, because it’s let’s face it, information is out there. We live in the information age and there’s nothing about real estate you can’t Google and find out from the internet. What the difference is between a lot of these different programs is how that information is structured right? Is it easy to digest, process, to take action on? Or is it very overwhelming and confusing to the point you don’t know what to do that do next?

So with this program, we ensure the structure of the information in the training with the format is very easy to follow with a process that equates to basically one video a day. The content is easy to understand, the environment aspect is there to keep you energized, keep you excited to what other people are doing and etc. It’s at a pace that is conducive to success. This is not a sprint, so if you’re looking for a sprint, this is not it, but if you’re someone who says “hey, I can devote my 15 minutes a day maybe an hour, some days, eight hours, whatever it may be, but I’m willing and I’m committed to investing time into this on a daily basis. Then, this is really for you.

So just think about that, like think about being guided along in a very structured path, so that you can begin taking action in real estate and you don’t need to feel overwhelmed because like I said, one lesson a day, five days a week, we give you couple of days a week to catch up. Catch a breath if you missed a day or something or something came up that’s when you catch up on videos that you’ve missed in the past. By the way we have well over 100 video real estate lesson’s I believe, it’s like a hundred and fifty (150) video lessons now. We’ve got private interviews, we have dozens and dozens of real estate forms on this platform as well.

This is called, my friends the seven fundamentals this is the F7-XFactor because whenever you have the seven fundamentals of real estate, then you essentially have that X-Factor to go out and execute and make money in the real estate arena. And in so what I want to show, I want to show you a little bit about the format. This is all video-based training. Some the videos are five or 10 minutes, some of them are an hour-long, but a lot of times on average they are 15 to 20 minutes a day and they basically go through all the seven fundamentals of a deal and then and what we do is we dive deep. We dive deep into each of the fundamentals and show you how to really acquire the Skill-sets you need.

All of the fundamentals we talked about, we show you how to generate deal flow. If you want to create your marketing pieces we show you how to do that. If you want to leverage other’s like time, with wholesalers, agents and other people bring deals to you, then we teach you how to do that. We teach you how to analyze deals. We’ve got all the calculators that are so easy to use. We’ve got ways to analyze repairs or estimate repairs. We teach you step-by-step how to raise private money and it’s so incredibly easy whenever you’re not trying to read a thousand page book in a day. Trying to do it all once and when you go this process, day by day you really learn it and you’ve got access to videos like you see on the screen right now with me teaching and some of our trainers walking you through a deal.

Talking about the rehab, talking about repairs, so that some of the added bonuses I mentioned, all the forms and we’ll even give you more forms than you’ll ever need, like I promise you more forms you’ll ever need so that’s I guess good. Look, we have a ton of forms, trust me. We’ve got training videos, we’ve got interviews that are done with other investors, with accountants, with attorneys all kinds of people that we give you access to hear. So you’re not just hearing it from me. You’re hearing it from myself, from one of my other trainers that is a part of this, and just other people, that are friends with me and mentors and people like that, one of my interviews with what one of my mentors.

Alright so we talked about the environment piece, so one of the really cool aspects that I don’t think a lot of other programs are doing is whenever you join, when you become a member of the F7-XFactor private Facebook group. So what this is, is a private page will be sharing some private content in it, but most importantly it’s an opportunity for you to go in and talk and mix and mingle hang out with the other people in the group.

You can see what they’re doing, you can communicate with them, and they would also get coaching support from me and my trainers.   I can’t promise we’ll always be right there to answer your question, but generally once a day or every couple days I will check in and support you guys. But that’s not the only way that we can support you here is some example of one of our students:

“After two months of taking action, I received my first check from a wholesale deal halfway to meeting the goal that I set for myself since starting the program. I just want to encourage everyone in the group, that if you keep pushing forward never give up and good things will happen. Thank you Brant Phillips for your teaching.”

So that’s just one example from one of our students. But more importantly, I want to share with you that this is what I think is really incredible and in terms of the value that you get for this investment which we share with you which is next to nothing. We have a monthly webinar training every single month so you can submit your questions. Submit your questions to me, whatever you want an answer on, once a month, we are hosting a live webinar. It’s not recorded, it’s a live webinar and we answer all your questions. If you have a lot of questions, then ask your questions, if you don’t have any, that’s fine as well.

But usually when we don’t have a lot of questions, we do some type of focused training or update existing training, it just depends, but you do have that opportunity ever month to say “hey I need my question answered”. Whatever questions you guys have for us to answer raise them so that’s another part of this environment piece and this accountability piece it goes like, I’ m going to submit questions every month etc, etc and sound in on this program and get my questions answered.

So let’s discuss to the program and how much it’s going to cost. It’s not $1000, not $10,000, and the typical sales pitch Guru kind of stuff, it is only a one-time fee of $97 and $47 per month. So it’s $97 to join get access to the entry-level training and then it’s $47 per month and you can get one lesson per day, five days a week.

Other bonus trainings are also going to be opened up to you. Access to forms, access to interviews, access to complete live event replays that we have. We are also including a complete and full webinar from a live training event that we did for the simple private money system. We’ve got in-depth training just about private money. We got an entire live event that we did for partnering, called “Partnering for Properties” that you get access to that, so all of that and a whole lot more whenever you join the F7-XFactor.

So how do you join? So really simple go to www.F7Xfactor.com/join and click on the add to cart button, make your payment and you’ll get instant access to the training. Of course it’s up to you to take action. It’s your part to get involved in the environment, it’s up to you to find people to help hold you accountable as you hold other people accountable, but being a part of this group will help with that. So go to www.F7XFactor.com/join just click on some stuff and make a payment and get ready for the course.

You guys who know me, know a hundred percent satisfaction guarantee is always included. You can take the entire class, you can put it work, you can download everything and if for some reason, whatever you decide, it’s not the right program for you, then you can cancel your membership right away. I’ll even give you 100% money-back guarantee if you’re not satisfied or if I haven’t delivered. That being said, we’ve never had anyone, Knock on wood, I’ve never had anyone who’s in this program ask for a refund. But maybe you’ll be the first one, I don’t know, but it will be no questions asked and I’ll just let you keep stuff that you downloaded or whatever.

So just to recap everything, you’ll get in depth 150 real estate video lessons about real estate investing, not only to learn about how to find and buy, finance, rehab, rental property but also I do training on how to flip property, wholesale deals, and all kinds of stuff. You’re going to get the training, you’re going to get videos, you’re going to get forms, you’re going to get spreadsheets, you get live event replays and you’re going to get templates that you can download and use. You are going to get monthly live training webinar access, you’re going to access to the private Facebook group and you’re going to get a full money back guarantee.

Look, I’m just going to say this, I’m all about results for those of you who know me, for those of you see my podcasts that was recently released and is based on results, the marketing company I created and have partnered with one of my former students, now called www.RealMarketingResults.com, that’s the name of the company Real Marketing Results. I’m all about Results. Look, I don’t need the shiny/flashy/bling-bling and all this blah, blah, blah kind of stuff, like I need results. So the same thing that I demand of my companies and things that I take part of and for my student’s is the same thing: Results.

So that being said, there are certain things that are conducive to creating success and there’s a thing certain things are not conducive to results. Just being overloaded with a lot of information is usually not going to help get results. And I’ve already mentioned this is not a get-rich-quick thing. So that being said, in the beginning, this program is how it is, like this is going to get started out where you’re just going to get one lesson a day, five days a week with some exceptions on some other days, like how the training is set up is very strategically released. I want you watching a new lesson every single day but I understand there’s going to be days when you can’t do that.

Maybe something comes up, you fall behind, whatever happens, I strongly encourage you to stay on course. Let’s say you don’t log in for three of or four days, now you’re going to see new lessons are released. I still want you to go back to where you left off, I want you to go through this format, this process. I just need you to trust me on this and if you do this, if you go to the whole program you watch your video lesson per day and you’re taking action on what you’ve learned, that’s a critical part. I can just give you some information but information without action is useless so we’ve created the format so you’re learning 5-10-15 minutes, 1/2 hour a day, but it also gives you enough time to take action and execute on what you’ve learned which may be 5 to 50 minutes an hour a day, I don’t know, it just depends on what part of the program you’re at and it depends on your experience.

Ok, thats it my friends, I got nothing else. Now just go out and take action! I appreciate all you guys for watching the show, I hope you enjoyed it, I hope you got a lot of information about what it is that you’re seeking to find with rental property and if this is training is something that that you want to dive into or maybe you’ve already dove into and you’re ready to take it to the next level, whatever is, I hope you got what you are seeking by attending this webinar today. I would love to have you as a member of the F7Xfactor.com so we can get to work together more frequently so just go to www.f7xfactor.com/join and I hope to to see you in the program very soon. You all take care.