Part I – 32 Fatal Mistakes According to Ron LeGrand
Update: 2024-01-25
Description
Episode 152:
What You’ll Learn About in this Episode:
Ron shares his observations on common mistakes in real estate investing, drawing from over 42 years of experience and over 3000 deals.
- He emphasizes that real estate investing does not require personal funds. Examples of wholesale deals are provided to illustrate making money with no risk.
- You’ll hear various aspects of real estate investing, including operations as well as buying and selling mistakes.
- Ron discusses the difference between cash deals and terms deals in real estate, highlighting the benefits of each.
- He shares insights on wholesaling houses, including how to find sellers, get contracts, and flip contracts for profit.
- The importance of not using personal credit in real estate deals is emphasized, with Ron advocating for non-recourse debt.
- Strategies for dealing with owner financing, lease purchasing, and subject-to deals are explained.
- Ron explains the benefits of working with private lenders and avoiding conventional bank loans.
- The podcast covers the risks of refinancing and the advantages of non-recourse debt.
- Ron advises against guaranteeing debt and stresses the importance of proper training and management in real estate.
Resources:
- Sign up for a Free Mentor Planning Session: https://www.RonLeGrand.com/Plan
- Free Training: www.TheMentorPodcast.com/Terms
- Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC152
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