<description>&lt;p dir="ltr"&gt;Today you’re going to learn how to invest in real estate using none of your own money and no JV partners. My guests are Mel and Dave Dupis, creative funding experts who have a mix of all types of commercial and residential properties. We will also dive into scaling your business, exit strategies, mindset and so much more.&lt;br /&gt; &lt;br /&gt; &lt;strong&gt;[00:00 - 06:54] - Mel and Dave's Intro to Real Estate&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Started out working multiple jobs and buying properties traditionally&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Discovered they couldn't grow quickly enough saving for down payments&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Interviewed successful real estate investors and created a plan&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;[06:55 - 22:32] - Types of Creative Financing Strategies&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Favorites are seller financing (carry backs) and using self-directed retirement funds&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Seller financing allows flexibility to meet seller's needs in exchange for purchase financing&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Self-directed IRAs / 401Ks can be used to fund real estate purchases&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Promissory notes help cover deposits, down payments, rehabs, and closing costs&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;[22:33 - 31:34] - Building the Right Real Estate Team&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Property managers are key for finding pocket listings from sellers&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Investor-focused real estate agents understand numbers and creative finance&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Ask probing questions to vet real estate team members' experience&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Managed their own properties at first to understand property management&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;[31:35 - 36:14] - Buying International Real Estate&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;They've purchased properties in the U.S., Canada, Costa Rica using creative financing&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;With the right team, can quarterback international deals from anywhere&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Made over $100K on a Costa Rica deal with no money down&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;[36:15 - 46:26] - Avoiding Common Investor Mistakes&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Don't overspend or inflate lifestyle before long-term wealth is built&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Prioritize property purchases over luxuries in beginning&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Have a budget and savings buffer for unexpected expenses&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Maintain oversight and understanding even with property managers&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;Get In Touch With Mel &amp; Dave:&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href="https://investormeldave.com/"&gt;Website&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://www.youtube.com/channel/UC-tZnYKP3Klse6plRKKBVOw"&gt;YouTube&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://www.facebook.com/InvestorMelDave"&gt;Facebook&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://www.instagram.com/investormeldave/?hl=en"&gt;Instagram&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://www.linkedin.com/company/investormeldave/"&gt;LinkedIn&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://www.tiktok.com/@investormeldave"&gt;TikTok&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;Key Quotes:&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;“If ever something happens, we'll sell our house before we don't pay back an investor because we can always buy a house, but we can never buy back our reputation.” - Dave Dupis&lt;/p&gt; &lt;p dir="ltr"&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;"We were literally trading our time for money, and although the book didn't show us how to do it, it made us realize that we're doing it all wrong and that there's an easier way to do this." - Mel Dupis&lt;/p&gt; &lt;p&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;WANT TO LEARN MORE?&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;Connect with me through my &lt;a href= "https://sharonvornholt.com/"&gt;website&lt;/a&gt;, &lt;a href= "https://www.instagram.com/sharonvornholt/?hl=en"&gt;Instagram,&lt;/a&gt; and &lt;a href= "https://www.linkedin.com/in/sharonvornholt"&gt;LinkedIn&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;Or you can send me an email at sharon@sharonvornholt.com &lt;/p&gt; &lt;p dir="ltr"&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;Be sure to check out the &lt;a href= "https://louisvillegalsrealestateblog.com/"&gt;Louisville Gals Real Estate Blog&lt;/a&gt; and my course &lt;a href= "https://probateinvestingsimplified.com/"&gt;Probate Investing Simplified&lt;/a&gt;.&lt;/p&gt; &lt;p dir="ltr"&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;Learn more about this podcast on &lt;a href= "https://itunes.apple.com/us/podcast/sharon-vornholt-lets-talk/id784109559?mt=2"&gt; iTunes&lt;/a&gt;, or &lt;a href= "https://www.stitcher.com/podcast/sharon-vornholt/louisville-gals-real-estate-blog/e/42515974"&gt; Stitcher&lt;/a&gt;.&lt;/p&gt; &lt;p dir="ltr"&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;If you liked my show, please LEAVE AN HONEST REVIEW, like, and subscribe!&lt;/p&gt; &lt;p&gt; &lt;/p&gt;</description>

Let's Talk Real Estate Investing with Sharon Vornholt

Sharon Vornholt

How to Invest in Real Estate Using None of Your Own Money

NOV 2, 202346 MIN
Let's Talk Real Estate Investing with Sharon Vornholt

How to Invest in Real Estate Using None of Your Own Money

NOV 2, 202346 MIN

Description

Today you’re going to learn how to invest in real estate using none of your own money and no JV partners. My guests are Mel and Dave Dupis, creative funding experts who have a mix of all types of commercial and residential properties. We will also dive into scaling your business, exit strategies, mindset and so much more. [00:00 - 06:54] - Mel and Dave's Intro to Real Estate

  • Started out working multiple jobs and buying properties traditionally

  • Discovered they couldn't grow quickly enough saving for down payments

  • Interviewed successful real estate investors and created a plan

[06:55 - 22:32] - Types of Creative Financing Strategies

  • Favorites are seller financing (carry backs) and using self-directed retirement funds

  • Seller financing allows flexibility to meet seller's needs in exchange for purchase financing

  • Self-directed IRAs / 401Ks can be used to fund real estate purchases

  • Promissory notes help cover deposits, down payments, rehabs, and closing costs

[22:33 - 31:34] - Building the Right Real Estate Team

  • Property managers are key for finding pocket listings from sellers

  • Investor-focused real estate agents understand numbers and creative finance

  • Ask probing questions to vet real estate team members' experience

  • Managed their own properties at first to understand property management

[31:35 - 36:14] - Buying International Real Estate

  • They've purchased properties in the U.S., Canada, Costa Rica using creative financing

  • With the right team, can quarterback international deals from anywhere

  • Made over $100K on a Costa Rica deal with no money down

[36:15 - 46:26] - Avoiding Common Investor Mistakes

  • Don't overspend or inflate lifestyle before long-term wealth is built

  • Prioritize property purchases over luxuries in beginning

  • Have a budget and savings buffer for unexpected expenses

  • Maintain oversight and understanding even with property managers

 

Get In Touch With Mel & Dave:

Website

YouTube

Facebook

Instagram

LinkedIn

TikTok

 

Key Quotes:

“If ever something happens, we'll sell our house before we don't pay back an investor because we can always buy a house, but we can never buy back our reputation.” - Dave Dupis

 

"We were literally trading our time for money, and although the book didn't show us how to do it, it made us realize that we're doing it all wrong and that there's an easier way to do this." - Mel Dupis

 

WANT TO LEARN MORE?

Connect with me through my website, Instagram, and LinkedIn

 

Or you can send me an email at [email protected] 

 

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

 

Learn more about this podcast on iTunes, or Stitcher.

 

If you liked my show, please LEAVE AN HONEST REVIEW, like, and subscribe!