Name: With These Simple Tips, You Too Cn Build a 20-Door Portfolio In 1.5 Years
Uploaded: 2022-11-29T20:20:53+00:00
Duration: 55 min 32 s
Description: Juan Loya is a mortgage loan officer by profession, but he’s able to reach financial freedom by doing real estate on the side. Want to know how? Watch along to find out. Now the branch manager of Home

1 year ago

Juan Loya is a mortgage loan officer by profession, but he’s able to reach financial freedom by doing real estate on the side. Want to know how? Watch along to find out.

Now the branch manager of HomeBridge Financial Services Inc., Juan has been in the mortgage business for 25 years.

He started as a real estate investor 10 years ago, when he bought a house with some ski buddies in 2012 for $27,000. After putting about $85, 000 into the property, he was able to sell the house for $165,000 shortly after.

Juan stands by the BRRRR strategy, and in only 18 months, he’s able to build a rental portfolio of 20 doors and incredible cash flow.

Don’t Forget To Reach Out To Juan Loya:

📱708 -945-6424
Website: https://www.homebridge.com/loan-originator/juan-loya/
Email: juan.loya@Homebridge.com
LinkedIn: https://www.linkedin.com/in/juan-loya-3851632b/

Quotes -

“You know sometimes it can be a little hardcore. So I think the moral of the story is you really have to know your neighborhood. Where we were, I was never so happy to get out of a project. We sold it. We got out of there.”

“I think it's just an unfortunate reality of being a real estate investor. You're working hard to fix up some houses, fix up some neighborhoods, and there's just going to be some bad guys out there trying to get in your way.”

“I think it's just Universal. There's a lot of problems that happen, and you just have to adjust and accommodate for that.”

“So I ended up stopping the project. I said “Whoa whoa! This doesn't look right to me.” So We ended up, rather than going with the cheapest contractor, we went with the guy that can get it done. And so we got lucky that we found a good, experienced contractor in that.”

“We really implemented the BRRRR method. One of the things that was interesting is when we were flipping houses, we had never used any sort of financing everything was kind of
the snowball effect based on the initial investment that we had made. We bought it; We fixed it. We saw that we made a little bit of money, so we reinvested reinvested reinvested.”

“ I think part of our success was built on the fact that we were fixing and renting houses that needed repair. We weren't just trying to go out and acquire real estate. We were creating value-added–we were creating some sweat equity in each home.”

“I think a great deal of my success came [from understanding] the numbers side of Things. This was more of a game of Finance than anything.”

“For me, I’m always going to take the safe bet if you would.”

“I think we get blinders on, and we're only thinking that we can put a deal together one way. Again if it's a great deal, you gotta flip over the stone and [ask], “what else can we do to make this work?”

“Someday when I'm done, I want to be able to maintain a certain lifestyle and that's going to happen through cash flow properties, right.”

“'I’m not looking to just buy properties. I'm looking to build equity, and I'm looking to continue to build cash flow. I will continue to flip houses as they come along.”

Concepts -

When you enter real estate, you have to research the area you’re targeting.
While optimism is crucial for any real estate investor, expecting problems along the way helps you prepare for possible issues that might arise.
If you want to build a good real estate portfolio, you can try to expand your knowledge and experience in the different aspects and fields of it.
When you hire a contractor, know that them showing up with brand new tools is a major red flag!
Trust your gut when dealing with contractors. If your gut is telling you that something’s wrong, something might actually be wrong.

Time Stamps -
0:00 Introduction
0:22 They stole all of my copper plumbing
3:25 Buying a house on the north side of the town
5:00 Real estate beginnings
6:00 Overcoming challenges on the first house
8:40 Brand new tools? That’s a red flag
10:00 I had no idea this was wholesaling
12:30 Using the BRRRR method for success
13:39 From all-cash to financing
16:51 Dealing with the crazy housing market during the pandemic
18:30 Figuring out the house in Country Club Hills
23:30 Experiencing the 2008 mortgage meltdown
28:40 Napkin presentation–the process
32:30 Hoarder situation–buying the house for 70 grand
35:34 Chicago Cape Cod–appraised to 250k
37:40 Discipline in building your portfolio
39:30 Closing the A-Frame deal for 344k
41:30 Preparing for another market shift
42:30 Bad tenant experience–pruning properties
46:00 Home Bridge services (Investor Cash Flow Program)
49:40 House Hacking for first time investors
53:57 Reach out to Juan Loya