Episodi
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Bargain houses are out there. Before you acquire them, you can decide what your "Exit Strategy" will be. You might consider holding on to the property and rent it out... Or flip it to another investor... Or sell it to a retail buyer for a bigger cut of the profit :-)
Get my Free Book - "How To Find Millions In Private Money Loans" here... https://FindPrivateMoney.net
Be sure to Subscribe to my Free Daily "Extra Income Sources" Newsletter so you always have ways to make extra money... https://PassiveIncomeStacking.com
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There are many ways to get funding for real estate. Hard Money Lenders, Transactional Funding, Extend Transactional Funding, and Business Credit to name some. Simply do a web search for any of the phrases above followed by "Your City/Town" "Your State". Research what comes up to see if you can build relationships with any of these sources and find out about their lending criteria and loan costs. Private Lenders are another source, but you need to be careful how you contact them. That's beyond the scope of this video. FOR YOU... Get my Free Book - "How To Find Millions In Private Money Loans" here... https://FindPrivatemoney.net
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Episodi mancanti?
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Once you have one GOOD real estate investing income source, you can begin to collect more.
First decide which profitable "exit strategies" you may want to find deals for.
Then collect different marketing models that attract all kinds of bargain real estate deals to consider.
Let the numbers dictate the exit strategy that will work best for you.
Once you can match incoming lead sources with the appropriate profitable exit strategy, you will get excited by all the marketing choices that are all around you right now.
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How Sylvester Stallone Could Have Stolen My Girlfriend is a dream that came true for my girlfriend.
It's tied to other dreams to help aspiring real estate investors get started without any money.
And other FUN things!
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Traffic Secrets by Russell Brunson.
In this episode Russell shares his tenth traffic secret as he focuses in on "Instagram Traffic Secrets".
Instagram Stories is a way to help your dream customers connect with you.
They do this by seeing you be a regular person.
This results in them having the chance to like and trust you.
People do business with those they're familiar with, like, and trust.
The more dream customers you find, the more your business has the chance to thrive.
Plus, it allows you to enjoy your business that much more because you're spending time with customers that help make your business a joy to run.
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Traffic Secrets by Russell Brunson.
In this episode Russell shares his first traffic secret as he focuses in on "Who Is Your Dream Customer".
The more dream customers you find, the more your business has the chance to thrive.
Plus, it allows you to enjoy your business that much more because you're spending time with customers that help make your business a joy to run.
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Donât miss another Passive Income Source to consider adding to your STACKâŚ
Simply go to PassiveIncomeStacking.com to Sign up for my FREE daily âExtra Income Sourcesâ Newsletter.
I can't wait to show you what I have waiting for you there ABSOLUTELY FREE!
Also, don't forget to subscribe to the show...thanks! Mark :-)
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In episode 12 we shared the concept of âDo What You Love, Share What You Do, Get Paidâ.
Umbrella Income is how to create more than one source of income within each of the âDo What You Loveâ and âShare What You Doâ categories.
Listen in as we cover 15 ways to create Umbrella Income getting paid sharing what you do in a niche that brings you joy!
Don't forget to subscribe to the show...thanks! Mark :-)
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As you tell your story from beginning to end, your listener will relate to it at a stage that connects with THEM. This is the POWER of stories. They see themselves in the story. But at which point we donât know. Different people will connect to different stages of your story. The good thing is, if your story has a beginning, middle, and end, you should be able to connect with most people, as long as theyâre interested in the topic of your story.
Your listeners will connect with you because youâre essentially ENTERING the conversation thatâs happening in their head with your story. Once you do that, they will feel UNDERSTOOD and be much more open to what you have to say and offer. Their defenses have been lowered a lot because they FEEL a CONNECTION with YOU!
Overcome objections by telling stories about others who felt the same way. If you donât know those kinds of second hand stories, you can find them in Facebook groups, or other groups online. You can listen to what other people are saying about things in your niche or area of expertise, and then share what you learn in a story format. You donât have to use personal names, but can share the situation, and ultimately how the decision to move forward helped these people past the objection youâre addressing.
Don't forget to subscribe to the show...thanks! Mark :-)
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Growing up I always heard typing coming from my fatherâs home office. That was instrumental in what weâre talking about here because it was the first time I saw first hand how the âDo What You Love, Share What You Do, Get Paidâ works. It later came to be one of the pillars of Passive Income Stacking for me. I hope it helps you too!
Don't forget to subscribe to the show...thanks! Mark :-)
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Passive Income with Tax Lien Certificates and Tax Deed Property - these can be passive income sources to consider STACKING in both Macro Category 1 and 2 of Passive Income Stacking.
Listen in as I talk with one of the leading experts in this field, Ted Thomas, as he shares insights into these two unique potential income sources.
Don't forget to subscribe to the show...thanks! Mark :-)
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Back in the 1990's I had an idea to share with Frank Sinatra so that he would ultimately give me an autograph.
I never imagined what would happen NEXT. Listen in as I share all the details of this AMAZING STORY!
Don't forget to subscribe to the show...thanks! Mark :-)
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I had an idea...put it into motion...and never could have imagined what would happen next.
I hope this creative story helps you think of ways to get AMAZING free publicity in YOUR business too!
Don't forget to subscribe to the show...thanks! Mark :-)
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The traditional way of earning income means youâre required to trade your hours for a pay check. That income goes away as soon as you retire and stop going to work. Thatâs not the case with the Passive Income Sources youâve worked to create, maintain, and STACK. Assuming the money from those sources continues to come in on a regular or semi-regular basis, and it more than covers your overhead and will for the foreseeable future, you can continue making money while youâre retired REGARDLESS OF YOUR AGE OR SITUATION.
Don't forget to subscribe to the show...thanks! Mark :-)
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Over the years as Iâve learned more about money, and money creation, Iâve often thought how great it would have been when I was in high school had there been a class called, âHow to Make Your First Million Dollarsâ.
In this episode I will share the simple details I wish this class had taught me in high school so I could have reached financial freedom even faster!
Don't forget to subscribe to the show...thanks! Mark :-)
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My internal vision of passive income is like having a fire hose, but instead of water, the hose is flowing out with money that you point in ONE DIRECTION. The direction you choose could be the ONE DEBT that youâre trying to pay off first and FAST - your savings - your investments - your retirement nest egg.
The more Fire Hose Money your passive income creates, the FASTER your potential for wealth accumulation.
Don't forget to subscribe to the show...thanks! Mark :-)
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Passive Income Stacking is all about finding and activating the BEST passive income sources. It's important to realize that not all passive income sources offer the best return on your time or investment.
In this episode we'll talk about how to uncover the passive income sources with the best chance for profits based on your personal criteria.
Don't forget to subscribe to the show...thanks! Mark :-)
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Micro Category 1. Your Goals: Why do you need the money youâre hoping to get with Passive Income Stackingâ˘? Is it to get out of debt, buy a new car, save for a childâs education, save for retirement, etc.?
You may have more than one goal. Thereâs no set number here, itâs just what your situation requires.
First simply establish your reason/s for needing this extra money.
Micro Category 2. Time Frame to Reach Your Goals: How soon would you like to accomplish the goal/s youâve established above? If youâve got a lot of debt your answer is probably âYESTERDAYâ, right?
Sadly thereâs no magic wand you can use, thatâs not how life works. So you must be realistic in the timeframe you choose.
However, the more passive income sources you successfully Stack that are in the top of your 80/20 results, the shorter your timeframe may have to be.
Micro Category 3. Time Available to Work on Passive Income Stackingâ˘:
How much time do you have to devote to your financial stair case and Passive Income Stacking⢠efforts?
Obviously the more time you have that youâre using wisely, the better chance you have to accumulate extra income sources to Stack.
Once youâve establish how much time you have available to dedicate to Passive Income Stackingâ˘, youâll be able to better evaluate income sources you may want to consider pursuing.
For example, those that will take a lot of time vs. those that are quicker to set up and manage. If one income source will take a lot of time to establish on your part, and after further study doesnât seem to have the chance to be very profitable considering the time youâll have to dedicate, you can stop your efforts right there. If another income source seems to be simple to establish with the same income potential as that above, you may want to investigate further.
Maybe another income source youâre considering is quick to establish and appears to have a lot of profit potential. Bingo, you may have found a winner to consider adding to your stack!
Everything worthwhile takes effort and this is no different. But remember, youâre worth it and I know YOU can do anything you set your mind to!
Micro Category 4. Potential Income for Each Source: Not all passive income sources are created equally as indicated in the 80/20 Principle discussed in the Passive Income Stacking⢠Handbook.
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Knowing how to create SYNERGY between the 2 Macro Categories of Passive Income Stacking helps create a powerful system to earn extra money.
It's a simple process to understand and work from home. Inside this episode we'll talk about how to lay the foundation to help you create this type of money generating model.
Don't forget to subscribe to the show...thanks! Mark :-)
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Passive Income Stacking has 2 Macro Categories.
PASSIVE MACRO CATEGORY 1. MONEY CREATION:
This is the stage when you are generating NEW MONEY.
Youâre establishing passive income sources where money is first CREATED, as opposed to money you already have that youâre trying to grow. You might decide to generate this new money by activating a number of different strategies that I share that are passive in nature. If you find yourself in front of your financial staircase standing in a pool of debt, chances are that Macro Category 1 may help you. If you arenât able to pay off your debt right now, then having extra PASSIVE cash generators would probably help, right? This is particularly true if you find yourself with more month at the end of your money. If Macro Category 1 sounds good to you but youâre not exactly sure how to create new money passively yet, donât worry because like I said thatâs what my Passive Income Stacking⢠podcast and free Extra Income Sources newsletter is all about.PASSIVE MACRO CATEGORY 2. MONEY COMPOUNDING:
This is the stage when youâve got existing money, or youâre taking money youâve created in Macro Category 1, and youâre making it work FOR YOU so it continues to grow on its own. This could be money youâve put into Index Funds, Dividend Stocks, REITs, Bank CDâs or other invested capital opportunities you choose.Don't forget to subscribe to the show...thanks! Mark :-)
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