Episode 78, The power of the land contract in Flint Michigan with @roe.the.realtor
The Millionaire Talk Show with Todd and Michelle
English - October 30, 2018 23:08 - 1 hour - 147 MB - ★★★★★ - 359 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On this episode of the Millionaire Podcast by Todd Capital we speak with Roeman. Roeman is a real estate agent and soon to be broker with a background in hospitality. Roeman owns 4 rental properties and a three unit commercial property.
On this episode you will hear how Roeman and his brother Dre find deals, rehab deals for less than $5,000 and manage multiple properties with little to no money out of their pocket.
Key points from the show:
The power of the land contract
GM Started in Flint
Lost a lot of jobs when GM moved overseas
Become very creative to get a deal done
There are a lot of gems in warzones
There are people willing to move into those areas
You have to be in tune with the market or at least have someone on the ground that you trust
Do you own due diligence on the market not just the property
Sometimes cash flow isn’t the play
My homes are my kids, they always need something they always want something.
When you buy a home on a land contract you can write the terms as you please
You can learn anything on youtube
Searches for absentee owners
Books mentioned:
Rich Dad Poor Dad
The Art and Science of Respect
Roeman can be found on Instagram @roe.the.realtor