David Oldenburg Show - Real Estate Investing

I like buying foreclosures as a part of my real estate investing, but I like buying them cheap!  In this podcast, I talk about why buying foreclosures at auctions and as REO's is not the best strategy.  Why let the bank control everything? You can buy directly from the real estate seller, before the home ever goes to foreclosure.  This is a smart real estate investing strategy and I talk about why this works so well. I even give an example of a house I flipped. I was able to stop the foreclosure for $20K and fix it up in a few weeks.  The seller and I both profited $40K in a win-win situation.  This is one of the many real estate investing strategies I use to get in and out of flips quickly.  In addition, I give a real estate stimulus update and why I believe real estate foreclosures may rise in the future.

This real estate investing strategy can be done by anyone, even if you have very little experience in real estate or real estate investing, house flipping, wholesaling houses, etc...  You are probably going to find this very motivating, and most importantly this strategy works.  I tell the story of someone who moved to a new area, where they had no real estate contacts, very little money, and they were having a hard time putting any deals together.  I taught them a simple strategy that made them $25K to $35K quickly on every deal.  They then tweaked the real estate strategy to make $100K+ on deals.  This was done without the use of any of their own capital, and they also had no risk on any of the deals.  

There is so much talk these days about stimulus and stimulus checks and stimulus payments.  I believe the real stimulus is a 30 year gift we are all being given in the form of near zero interest rates and very low mortgage rates. In this real estate investing podcast, I talk about a home I purchased in 1987 for $50,000, when I was making minimum wage!  I talk about how it is actually easier to buy the same home today making minimum wage, compared to 1987.  I know it sounds crazy, but follow the numbers.  Spoiler alert: Interest rates are lower today and that helps!  

Did you know Zillow loses $37,000 per house flip with their Zillow Offers program?  Ok, maybe real estate investing and house flipping is not their strong point! Or maybe they are going to make it up in volume!  I had a great time doing this real estate investing podcast. I love real estate and, as a former stock broker, I have followed Zillow since the beginning.  They have become a giant in the real estate industry, and now they are trying to make it in the house flipping business with their Zillow offers.  In this podcast, I go over the numbers, why they are losing so much money, and 3 big lessons you can learn as a new real estate investor or new house flipping.  House flipping is not that difficult!  

In the real estate investing world, creating a million dollars is easier than it used to be.  In this show, I explain how you can use the combined power of rent increases, property appreciation, and loan paydown, to gain $80,000 in equity in just the first 5 years, or $170,000 in 10 years.  I also talk about increasing your cash-flow by 50% every 10 years.  Lastly, I talk about a property that I purchased 25 years ago and how much it has changed in cash-flow and equity!