How To Create an Actionable Plan AMA With Laura Alamery
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.
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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