Aug 19, 2021
“I’m broke and have bad credit. What can I do to start investing in real estate?” This is the number one question we get here at Flipping America. I just interviewed a guy who gave me the best answer I’ve ever had for that question. Steven Libman is coming up today on Flipping America.
Steven Libman is a multi-family investor and syndicator from Bluffton, SC. He spent several years as a realtor and house flipper before taking the plunge into multi-family where he now manages or owns hundreds of millions of dollars of assets. His website, integrityhg.com tells you more and gives you the opportunity to join his investing club for free as well as take a free course in multi-family investing. You are going to want to hear what he says to me in response to several challenging questions.
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Announcements:
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Questions from Listeners:
Starr’s Questions from RILA:
- What are some good real estate investing apps to help solve challenges we face as real estate investors?
- From your experience, what are some of the best tax strategies for flippers?
- What are some great hedge fund platforms for investors looking for their next fix/flip or rental project?
- What is the best insurance to put on your property for repairs...like plumbing, HVAC, and etc?
- More and more investors are looking for more convenient ways to purchase property and land...How do you feel about buying online without physically seeing, and do you use any online purchasing platforms?
News and Resources:
- Steven Libman’s site: https://integrityhg.com/
- I differ in opinion on a few of these. https://learn.roofstock.com/blog/real-estate-trends-2021
- I told you more than a year ago that this business model is similar to the used car industry - complete with the dishonesty. https://www.housingwire.com/articles/ibuyer-offerpad-claims-profitability-pre-ipo/
- Meanwhile, OpenDoor, OfferPad’s predecessor and chief competitor, loses $144M. https://www.housingwire.com/articles/opendoor-ramps-up-but-loses-144m/
- Common sense predictions. https://www.noradarealestate.com/blog/housing-market-predictions/
- Some stats re online sales as a percentage of the whole. https://www.statista.com/statistics/187439/share-of-e-commerce-sales-in-total-us-retail-sales-in-2010/