Ep 8- 40 Doors in 2 years, Creatively Financing the Arkansas Takeover

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This episode with Henry Washington was powerful! Henry had his first deal under contract without knowing how he would pay for it. He learned about using a 401k loan and was able to use it to get in the game. From there he used capital from flipping homes ,owner financing, other people's money and small regional banks to grow his portfolio. In this episode, we go through examples of how he uses these methods and how you can do it too! 

How you can find him

IG- @independencerealtygroup

Website- https://independencerealtygroupnwa.com/index.html

Highlights

1. Be Bold- Tell people about who you are before you become it. Henry's first deal came because he told those around him that he invests in real estate. Tell everyone what you do, they may be your future investors 


2. Overcoming Fear- Write down what you're afraid of when it comes to real estate investing. Break it down and get to the root of the fear. Ask yourself, is it a fear? If so, is it one that you can mitigate? 


3. Owner Financing- If you have limited capital and don't have the best credit score, this is a great way to deal directly with the seller without using a bank. This is good for properties that are owned free and clear or close to it. Down payment, interest rates and monthly payments have more flexibility than with a bank. 


4. Budgeting- If you self manage, budget for property management anyway. As you scale your portfolio, you'll already know what your numbers will be when you get a property manager. This is usually 8-10% of rent. 

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