In this episode of the Everything Goes MY Way podcast, Logan Manzanares shares why it's actually really hard to do no money down real estate, and how he's been able to buy 24 doors in 2022 without using any of his own money.
"Can you really get into real estate with no money down? Find out how with our latest article!"
"The only way people are going to give you money is if you have a track record, is if you have experience."
I was sitting at my desk, scrolling th...
In this episode of the Everything Goes MY Way podcast, Logan Manzanares shares why it's actually really hard to do no money down real estate, and how he's been able to buy 24 doors in 2022 without using any of his own money.
"Can you really get into real estate with no money down? Find out how with our latest article!"
"The only way people are going to give you money is if you have a track record, is if you have experience."
I was sitting at my desk, scrolling through Facebook when I saw an ad for a free real estate seminar with Richard Pordhead. I was intrigued, so I signed up. At the seminar, I learned that to truly be successful in real estate, I needed to have a track record and experience. I also needed to find investors with money. I went home and started my research. I found a real estate mentor named Chris Krohn and I invested in a program to learn his system. In 2020, I started using other people's money to invest in real estate and by 2022, I had bought 24 doors without using any of my own money.
In this episode, you will learn the following:
- Why you're not going to be able to do no money down real estate
- How we've bought 24 doors in 2022, all while using no money
- What we started back in 2015
Chapter Summaries:
[00:00:00] - Today's episode of the podcast is about no money down real estate. It's about how we bought 24 doors in 2022 using what we started back in 2015. If you like what you're hearing, please follow the podcast and share it with an entrepreneur or real estate investor.
[00:00:41] - Yesterday, Logan Manzanares closed on his first big multifamily unit. It was a cool experience as they bought it with none of their own money. It took them up until this year, the last $4 million that they bought, but they've now been able to not use any money.
[00:01:57] - In 2020, after he bought a couple of properties, he realized he couldn't continue using his own money to buy real estate. He connected with Chris Krohn, who is a real estate investor. They have invested over a million dollars of their own money into real estate up until 2022.
[00:07:10] - The only way people are going to give you money is if you have a track record. Kris has done three deals with no money down, and he wants to do it three more times before looking for investors as part of the mentorship, they learned the questions to ask and the spreadsheets and graphs to track the actual ROI's.
[00:09:15] - When you're looking for a real estate investor, you need to ask them about their goals and track record. Many people are not a good fit for what he's trying to do. He needs to have multiple investors. Not just one person, but multiple people.
[00:11:43] - There are four pieces of a deal. To get into real estate, down is number one. You have to have a track record and talk to investors who have money. The second piece is credit. The third thing is money. And the fourth thing is managing the deal.
[00:14:07] - When it comes to people wanting to get into real estate with no money down, it's not as easy as every guru on the internet wants to tell you. There are different strategies to do. No way down deals. Everythinggoesmywaycom has a free training up there.
[00:15:17] - Logan Manzanares is out. If you enjoyed this episode, go to Everything Goes My Way forward slash FREEGIFT. Logan gives you four free gifts to help you run your business based on logic rather than emotion, based on numbers rather than feeling, and reliable.
Connect with me:
Instagram: https://www.instagram.com/loganleemanzanares/
Facebook: https://www.facebook.com/manzanares.loganlee
YouTube: https://www.youtube.com/channel/UCaZLgWsHfj2iZG9lN8jXJmg
Website: https://everythinggoesmyway.com/freegift
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