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Updated 5 days ago on . Most recent reply

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Ken M.#2 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Scottsdale, AZ Austin TX
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1,719
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Ways To Find & Fund Cash Flowing Properties

Ken M.#2 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Scottsdale, AZ Austin TX
Posted
Retiring Early on Real Estate with a Solo 401(k) or SDIRA or Pension

If you are in the corporate world and are tired of having to go into the office or having zoom calls in your underwear with a nice shirt and tie on or if your are self employed, what are your options for retiring early?

In an attempt to simplify explaining the process, so it can be understood, I am leaving out details that I cover in other posts and in training. If you want more detail, PM me and I’d be happy to explain.

This is the Buying Side: First, I look for "don't wanters' that are Not on the MLS. This is called "off market". Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them. This relieves a stress point for them. I give them cash for their equity and they show up to closing and sign a Deed and then they move. From then on, I make the payments and I own the house.

This is the Selling Side: Then, I find an investor who has $25,000 to $50,000 to put down and I sell the property to them on a Lease option. (I generally cash flow these for $500 a month or more.) It's a lot less risky than fix & flip and provides great cash flow. And anybody with some money to work with, can do these too. I get the $25,000 to $50,000 Option fee for my pocket, and I can buy another property, plus I get about $8,700 a year in cash flow and the principal pay down and the equity capture and the tax write offs. For years to come, per house. Such a sweet deal. No agents, so no agent's fees. No repairs, no tenants, no property management, no bank financing.

Not a bad way to get to early retirement. Plus it’s fun racking up profitable properties and helping people in the process.

Yes, it takes some training, which has a cost and a little bit of time to learn, but it’s a life changer. I put together a Spreadsheet that shows an actual deal and it is available upon request. Ask your questions and make your move to retirement.

Conversely, it can be used for BRRRRR, Fix & Flip, STR, Medium Term Rental, Long Term Rental, and other investing. It's a good investment alternative for places like CA, WA, ID, AZ, FL, GA and so on

This is not "No Money Down". People that teach that are not telling the whole story. It takes money to advertise, it takes money for closing, it takes money for payments, it takes money for reserves, but it's made up for in the Option Fee received. And it needs to be learned so it's legal and safe.

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