Back in 2008, I pulled off a once-in-a-lifetime deal: I bought a $118,000 mortgage note for just $8,000! At the time, banks were overwhelmed with "toxic assets" and desperate to unload them, often without realizing the value they had. After acquiring the note, I reached out to the homeowner, who was facing foreclosure. His payment had skyrocketed from $900 to $1,400 due to an adjustable-rate mortgage, and he also had $8,000 in fees. We worked out a solution. I waived his fees, restructured the loan to $110,000, and lowered his payment to $1,000 a month, which he could afford. In just eight months, I made back my investment, and the homeowner kept his house. Best of all, this was passive income—I wasn’t his landlord, I was his bank. Now, deals like that are rare, especially after the 2008 crash, but buying non-performing notes (NPNs) at a discount is still possible. You can even purchase notes for less than the property’s value since there are risks involved in foreclosing. Who's ready to get into the foreclosure game and learn how to find these deals? Join my free masterclass tomorrow, Sept 11 at 8 PM EST. Comment “I’m in” below to get the link! . PS. Image not related to the post.

Back in 2001, I was making some serious mistakes in real estate—buying properties at market value and not keeping cash reserves. By 2002, things got so bad that I lost everything, including my own home. I was homeless. But here's where things changed. During that tough time, a real estate agent introduced me to something called short sales. This strategy turned things around for me, and it could for you too. Here’s how it works: Let’s say a property is worth $300K, but there’s a $400K loan on it. Normally, this would be a losing deal. But with a short sale, sometimes the bank will agree to settle for less—maybe $200K. That creates instant equity. Why would a bank agree to this? > Banks aren’t in the business of owning property. For every $1 of bad mortgage on their books, they lose out on lending $8 elsewhere. They’d rather get something back than hold on to a property that’s losing them money. Plus, banks don’t want the liability of owning real estate. I’ve seen them agree to short sales when properties have major issues—mold, foundation problems, you name it. Once I understood the power of short sales, I used this strategy to buy MILLIONS in foreclosures—especially when the 2008 crash hit. And this is just one of the five strategies I’ve used to profit from foreclosures. Short sales even have a “twin” strategy, which I’ll share in tomorrow’s post.

When it comes to how people think about money, the difference is in the mindset: - The poor often worry about losing government benefits like food stamps and Medicaid if they work too much. - The middle class focuses on trading time for money, believing that more work equals more income. - The wealthy think about creating systems and building teams so that their money works for them—even when they’re not involved. The wealthy are always asking, "How can I set up systems or teams to handle the work, so I can scale up without doing more myself?" If you want to grow wealth without being stuck in the day-to-day grind, here are a few strategies: Invest in Real Estate Syndications. Instead of managing properties yourself, invest passively in real estate syndications. You partner with experienced operators who handle everything from tenants to maintenance, while you collect returns. Outsource Property Management. If you own properties but don’t want the headaches of managing them, hiring a solid property management company allows you to free up your time and still enjoy the cash flow. Focus on Commercial Real Estate. Commercial real estate deals often involve longer leases and less tenant turnover, making them easier to manage and more scalable compared to residential properties. Remember, building wealth is all about setting up systems that allow you to work less while earning more. What’s your next move to start making that shift?

In today’s tough market, my strategy is to buy properties well below market value. These deals are almost never on the MLS, real estate brokerage sites, or even Loopnet. Often, the best deals are found OFF-MARKET, and that's where I excel. Why Focus on OFF-MARKET Deals? No Competition: Off-market deals mean zero competition. Higher Profit: They are often more profitable than agent-listed properties. Save on Commissions: Buying directly from sellers means no agent commissions. How to Find Off-Market Deals One effective method is acquiring properties through probate sales. For example, one property we bought was part of a portfolio from sellers who didn’t care about maintaining apartment buildings in C areas. Rents and occupancy were low. My partners and I stepped in, cleaned up, put our own management in place, renovated some units, and increased the rents. One of my strengths is finding these off-market deals. Not all distressed or foreclosed property owners will sell for a huge discount, but you will often get significant savings. This is just one way to find off-market properties. While probate sales are effective, they don’t provide RECURRING deals. Want to learn more strategies? Comment below and I''ll give you the link to a video where I talked about all the strategies I use to find deals.

I started my real estate investing career with low-income housing. When I did it, low-income housing was synonymous with managing tenants in "D" & "F" neighborhoods (aka distressed and The 'Hood respectively). And although it was very profitable (to give you an idea...in my first low-income housing - a 28-unit apartment building, I needed only 4 paying tenants to breakeven!), it was a lot of work and hassle. So I decided to "graduate" to "C", then "B" neighborhoods, and eventually "A's". The time I spent managing tenants went down exponentially and that was when I was able to scale my portfolio. So I'd rather NOT do low-income housing. But times have changed. 15+ years later, through our partners, I am coming full circle and doing low-income housing again. This time though the low-income housing we're doing is not in "D" and "F" but in decent neighborhoods. There are 3 low-income properties we're buying in North Carolina and they are newer too. Do you want to know more? Let me know in the Comments.