Cashflow off Real Estate the unconventional way.

Real estate foreclosures are going to go up.

Shadow inventory, which means foreclosures in waiting (aka a moratorium)

Essentially a backlog of real estate that you can get for below retail @ auction

But how? Thread:
Enter my bud, @amaconstruct:
“Fall in love with the problem. Anytime it’s hard there’s less competition, anytime less competition, you’ll get a better deal, anytime there are problems as long as you have the solutions to it you can make a ton of money. And have a LOT of fun.”
First:We’ve all heard of foreclosures.

You see them on MLS showing a bank foreclosed on property. But that's the END of the process.

REO’s (foreclosed properties listed on MLS) are competitive.

Why? MLS is easy. (& millennials might be on Zillow more than Robinhood).
What not everyone else knows? Prior to that, there’s an auction for insiders

@amaconstruct taught me that the real opportunities are upstream...
BTW - if you want the EXACT playbook that @amaconstruct uses + live interviews with him + notes (and many more opportunities like it) make sure you're subscribed to Contrarian Cashflow
Step 1: Find the Auctions
Search pre-foreclosures on Zillow
Look for Government Seized Properties (hud(.)gov or treasury(.)gov)
Try auction(.)com for your city/ area
Search bank websites - they list if no one buys at live auction
Step 2: Get the Foreclosure List
Get your list of properties from a local foreclosure list service (aka google it) or at Roddy’s List if you’re in Texas
Step 3: Drive-By
Go and drive by the house you want to purchase, PHYSICALLY be there

Some hacks:
Hire off-duty/ retired cops to do the drive-bys in the area for you. Everyone will talk to a cop.
Hire your realtor to do it and send the video. They’re incentivized.
Step 4: Find out what it's worth
Look at comps with realtor
Search what's for sale nearby
Call a realtor, tell them you're thinking of selling and the address, and ask what they think it's worth. Sometimes they'll tell ya, sometimes they'll know more about it and who's interested
Step 5: Research Liens & Titles
1. Check property taxes.
2. Are there any other leins (debt or loans) on the property. If you buy do you owe anyone $$?

County recorder, clerk or assessor's office online (or in-person)
Contact a title company
SIDENOTE: This might seem like work… well, if things are hard and you stop because they’re hard, will you ever achieve any level of success in anything?

The more hard work, the more people are weeded out. Think of it as your unfair advantage.
Step 6: Getting prepped
In most states, you have to pay 100% of the funds in cashier’s checks that day

So if it’s a $300K house, you need to give them at least $300K in cashier’s checks that day that you’re going to sign over

Bring different check sizes.
Step 7: Succeed on Auction Day
Arrive early and prepared, know your goal and bid(s) in advance
Listen carefully and don’t bid on unknown or discarded properties
Bring a voice of reason (aka another human) and accept going home empty-handed
Take a calculated risk
Always measure your risks!

"Never fall in love with something that doesn’t love you back. Don’t fall in love with a house, a deal, anything. There’s always another deal, there’s always another house. Just keep fishing. " - @amaconstruct
There's always risks:

Keep in mind:
List Accuracy
Property Condition
Clear title
Ultimately, the winning formula in life is usually… take action.

We all have fear, but the people who get to the other side, to the financial freedom, take action in spite of the fear.

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More from @Codie_Sanchez

7 May
New faces here so:

Who the F am I & lessons from running 3 funds w/ $1Billion+ in AUM:

1) If you want:
- ideas on boring $ businesses
- roadmaps for investing unconventionally
- pushback on idiocy

We might be buds, a 🧵: Image
2) I sit on the board of a $200M Cannabis fund & am a partner (EEC)
- Done 67 deals to date
- Truth: cannabis is HARD. Not a fast way to make $. Need great operators and lots of oversight. We do deals $10-50M+ in ARR.
Lesson: They really do let anyone get featured 😂 Image
3) On the board of a $6.5B+ HF (I'll keep 'em private bc ya know WallStBets)
- These guys are so smart it's painful
- Why I don't play public markets... if I have to compete vs them, no shot
Lesson: Don't play other people's games
Read 7 tweets
6 May
We run a $200M Fund, But I have a 100K+ sub newsletter.

Grow your assets -> Growing your audience.

Here's how I got my 1st 10k subs in 30 days... A 🧵

(Next, we'll talk about how to make $ with your newsletter) Image
FIRST - This sh*t is SIMPLE. But it's not easy.

Framework: I Guarantee you can do this if:

Write well + shameless promoter * 30-90 day commitment
Day 1: (No One Cares ‘Cept Me)
@thedispatch launched a paid newsletter & made $1MM. Ears perked

- Spent time thinking, what gets me fired up
- Get amped from my hubs & friend… first 2 subs (takes a bow)
- Come up with name: Contrarian Thinking
- Draft a welcome email Image
Read 18 tweets
4 May
Best way to make more $$, keep more of what you make.

If you own a property and pay taxes on it... You're gonna wanna read this bad boy. (earmuffs govt)

How to apply for and get agricultural tax credits by selling $1500 plants a year?
If you own a home in Texas let's say it's worth $1M.
You're paying almost $20k a year in property taxes. Yikes.

So when my bud Cody told me I'm an idiot and forgot something I listened....

He said you could get 25-75% off your tax bill by selling some leafy greens...
Since Cody is no slouch - he runs multiple 7 fig businesses while hunting something like 200 days a year, my ears perked.


*then let us know what we missed* @baldridgecpa since you're the man on taxes!
Read 8 tweets
3 May
He makes $15k a month off plants?

Maybe PLANTS should be your next biz? Or wait for our plant tax credit play manana 😱

How to profit off plants (the legal kind 🤫):
U.S. house plant sales have increased by 50% in the last 3 years.
- collective spending value to a whopping $1.7 billion!
A $250,000 tree? Weird flex…
Apparently, mega-cars are so 2009, today = boujeeiest of zen gardens.
- WSJ says there’s an entire lux market for finding old cool trees, buying them, then shipping them to mansions & hotels.
Read 17 tweets
28 Apr
Another Cashflow Idea: 💸

We created a course, generated $50k in rev ($20k Monthly) PRELAUNCH, w/ no employees, investors, and really no fing idea what we were doing. Now it'll do $1M+ in ARR. @uacquisitions

Here's our blueprint, may be worth ripping off:
Step 1: Choose a topic
Framework: 4 P's find where..
- People: interested already (ie big FB groups on subject)
- Profits: ways to make people $ (we like that)
- Paychecks: peeps r spending on it already
- Perspective: you have insight, expertise, or just share as you learn
Ours is about M&A.
- 10 steps to buying your 1st biz for $100k in passive(ish) income
- People: big FB groups & a few courses (BAD ones ahem Ninja?)
- Profits: Market is RIPE, 2.5M biz's for sale in US in micro PE
- I know a thing or 7 bout that (I've done 60+ transactions)
Read 10 tweets
27 Apr
How to create an unfair investor advantage?
I’m no genius. But I've made a few nickles:
Built investment biz's in:
- ETFs '08: $531B assets; now $3.4T+. (540%)
- LatAM '10: $1.5T ; now $3T+. (100%)
- Cannabis '14: $3.5B; now $20B+. (471%)

A thread on getting an edge early:
Here’s where I stop being obnoxious (someone call @vcbrags already), and say how this is useful to you.

Being early can be a superpower.

When people ask you, “What? Why would you do that?”

You just may be on to something my friend.
When I first got into cannabis (and proceeded to raise a $200MM Fund in the space), my Latina Catholic mother about had a heart attack. I think she thought I did this all day?

That was a trigger..
Read 8 tweets

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