Episode 263

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Published on:

3rd Aug 2022

How To Earn Money in Real Estate Without Working

Today’s podcast is a follow-up to our last episode where we shared the most profitable thing you should do in real estate. We’re sharing how to earn money in real estate without working. This episode is all about ways to build alternative sources of income by acquiring houses.

We introduced the Certified Opportunity Procurement Process, which is helping you identify properties that can have a positive cash flow and would be good as a rental property. We’re looking at properties that are going to be at least 20% below the highest comp in the neighborhood.

What Matters When Looking at Investment Properties

  1. In the Certified Opportunity Procurement Process, do days on the market matter? The short answer is no, as they do lead to opportunities. On the other hand, days on the market do matter as it helps to identify motivated sellers.
  2. Do price reductions matter? There’s an unwritten rule that a seller won’t accept anything more than 10-15% from the asking price. It is something we’re using as a tool to help identify people who are motivated.
  3. Do you like to target the highest price per square foot rental price areas? It’s not that easy. You miss too many opportunities that may not be in the highest rental price markets.
  4. As properties go through the Certified Opportunity Procurement Process, how much do you consider the down payment? This is highly considered as it affects your overall cash flow.
  5. Pool or no pool? You typically get a higher return on a home with a pool, but there are other factors to consider such as the condition and size of the pool and is the pool gated.

If you came here to learn how to earn money in real estate without working, find passive income rental properties. Let us help you qualify them to make sure they match what you’re trying to build in your portfolio.

These last two episodes likely triggered some questions so we’ve arranged a special Q&A via Zoom on Monday, August 8th at 1 pm PST. We invite you to join us and share this with anyone else you think might be interested.

🎦 Register for the meeting via Zoom 👉 https://us02web.zoom.us/meeting/register/tZYvdeuhqD8tEtGqdKdyhNDKNhJnKYpKEB-W

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🏠 REAL ESTATE AGENTS!

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About the Podcast

The Solution a Real Estate Podcast
Marketing strategies, industry news, and everything that has gone into building the #1 Agent in Phoenix-Metro according to the Phoenix Biz Journal
The Solution - A Real Estate Podcast is brought to you by Jeff Sibbach and Phil Sexton with the Sibbach Team, a team that's achieved over $392 Million in sales last year, with Jeff alone doing close to $100 Million.

Featuring real estate industry news, technology, and marketing tips so you can learn how you can transform your real estate business.

Join the conversation and learn more about getting into real estate: https://www.agenttruth.com/

#realestate #realestatetips #coaching #realestatecoaching #realtor #realestateagent #realestateindustry

About your hosts

Jeff Sibbach

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In 2018 Jeff was ranked the #1 Agent in Phoenix-Metro by the Phoenix Business Journal. Jeff Sibbach was ranked in the Top 1/10 of 1% in Maricopa County for sales volume in 2018 and in the Top 1% 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, and 2013, 2014, 2015, 2016, 2017, 2018, and 2019. In 2014, 2015, and 2016, 2017 the Sibbach Team was voted #1 Real Estate Team in Arizona by consumers via Ranking Arizona.

Jeff lives, breathes, and eats real estate. The Sibbach Team is a market leader. We are real estate market experts that focus on delivering the best service in the industry to buyers and sellers. Jeff wants to earn your business today and forever so you will be treated like it. He built a team that understands technology and how to use it to sell houses faster and for 5.3% more, and deliver great service doing so. Jeff was also the only Arizona realtor to be named a finalist as the “Most Innovative Real Estate Sales Person of 2016” by Inman, and was named a finalist as the “Most Innovative Real Estate Team of 2017 and 2018”.

Phil Sexton

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Co-Owner of the Sibbach Team at eXp Realty. Phil Sexton has held his Arizona real estate license since 2006. After leaving a corporate Director of Marketing position, he joined forces with Jeff Sibbach in 2012. Since then, they have grown the Sibbach Team’s yearly sales volume by 1,700% to over $276 million in 2020.

He’s a Lumberjack! Graduated from the Northern Arizona University where he studied marketing and customer service. Now he lives in North Scottsdale with his smokin’ hot wife and three kids.

He gets a kick out of public speaking and has been a featured speaker at Inman Conferences, National Association of REALTORS® Conferences, and Arizona REALTORS® Conferences.