How To Create an Actionable Plan AMA With Laura AlameryReading Time: 3 minutes
Are you struggling with putting together a solid and actionable plan to get you started in real estate investing? Do you not know where to start or have too many options?
Laura Alamery, a business owner, coach, and mentor with over 30 years of experience joined us today for a Facebook Live All Access Ask Me Anything(AMA) session.
She shared a high overview of the components in setting up a real estate investing business, especially as it regards to wholesaling and create that immediate cash flow (in less than a month).
She outlined the best and simple steps you can take to launch your investing career!
We also talked about…
- What an actionable plan is
- Where and how you should start
- The best things to do as a beginner
- How to launch your career in investing
If you missed our session with Laura, you can still view it here.
Below, we’ve included the main topics Laura discussed during her conversation with us so that you can skip to the parts you’re most interested in learning about…
06:20 Laura’s Profile
09:21 Why she got into Real Estate Investing
11:35 Laura’s first deal
13:47 How she educated herself
14:31 How she raises funds as a newbie
15:55 Laura’s Property Management strategies
16:33 How she transitioned from multi-family to single family properties
18:17 Why she decided to go into mentoring
20:40 The best-investing strategy as a newbie
21:15 How to pitch private lenders
22:55 How to structure deals to appeal to private lenders
28:34 Best strategies to maintain good relationships with lenders for a long time
31:55 Should I start an LLC?
33:31 The first step when starting real estate investing
35:53 What you should do after identifying an area of interest/niche market
36:57 How to choose the best private lenders
38:35 The necessary documentation for private lender agreements
40:30 Where and how to find cash buyers
43:58 How to pull COMPS
48:04 Why you need a mentor/coach
51:52 The benefits of having a real estate business system
53:45 How to set up a real estate business system
58:10 The due diligence procedure
1:00:41 The 1st 5 things to do to start a real estate wholesaling business
1:01:39 Best formulas for wholesale deals
1:04:10 How to manage buyers with deal-type specifications
1:06:00 The best parts in Laura’s coaching program
1:09:55 Duration of the coaching program
1:11:23 How to anticipate real estate market changes
1:14:45 What to expect in 2019 real estate market year
1:16:30 Best piece of advice if Laura was to start again
1:20:00 Laura’s next projects and goals
1:22:00 More information on the retreat