Advanced Creative Acquisitions Day 1

Take your Creative Acquisitions knowledge from the theoretical to the practical and applicable with Chris Albin's 2-day course.

19
Hrs
Mins
Secs
5
29
45
SEGMENTS DURATION
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INSTRUCTOR

Chris Albin

With an established real estate portfolio of his own, Chris is the owner of over 100 investment properties and manages many more. Chris’ background as a high school English teacher and wrestling coach, as well as service in the United States Marine Corps Reserve, has given him a strong foundation in education. He holds a BA with Teacher Certification from Eastern IL University. He has purchased over 200 properties on a teacher’s salary, and used multiple, creative strategies in doing so.

Description:

  • 1

    Pre-Assessment

    Take this Pre-Assessment to see some of the information covered in this class.

  • 2

    Introduction

    Chris Albin is an experienced and brilliant real estate investor who is excited to share what he has learned.

  • 3

    Value vs. Cost Of Property

    Our instructor relates the four critical steps in real estate investment – generating leads, analyzing those leads, making calculated offers, and processing the property via selling, owning, or developing it.

  • Show all 19 segments

    • 4

      Online Resources For Investors

      Learn how to utilize various resources to research housing and mortgage industry trends and identify the challenges of a local market, focusing on potential opportunities for real estate investors to solve problems.

    • 5

      Online Resource Demonstration

      Understand how to locate and evaluate potential real estate leads using online tools, specifically focusing on court cases about evictions and probate.

    • 6

      Analyzing The Offer

      Chris teaches how to identify and reach out to individuals with challenges such as landlords tired of non-compliant renters, people in foreclosure, or those dealing with inherited properties.

    • 7

      Presenting The Offer

      Our instructor shares the importance of educating the seller and presenting them with various choices, transparent numbers, and considering property expenses before making an offer.

    • 8

      Break-Out Session #1

      In this group exercise, participants broke down into small groups to calculate the maximum amount they could offer on a hypothetical property.

    • 9

      The Equity Sharing Process

      The concept of equity sharing is explained as a useful strategy where multiple partners contribute unique skills and resources.

    • 10

      Equity Sharing Examples & Caution

      When considering partnerships, remember the necessity of contracts, placing value on expertise over personal relationships, the role of due diligence and long-term commitments among partners.

    • 11

      Master Lease Strategies

      Understand the master lease, a property control method where you lease property from the owner and sublease it to tenants.

    • 12

      Lease With Option

      Learn about buying property via a lease with an option, wherein the investor provides the seller with an option premium, which guarantees the investor's rights to buy the property without obligation.

    • 13

      Lease Option Examples & Questions

      What are the benefits and drawbacks of long-term amortization, the use of a lease with an option to buy, and common issues around interest payments?

    • 14

      Agreement For Deed

      Understand how an agreement for deed is a real estate transaction where a buyer gradually purchases a property from a seller, gaining ownership only upon making the final payment.

    • 15

      Agreement For Deed Financing & Examples

      The instructor discusses various ways of negotiating payment terms in a scenario where the seller is primarily focused on securing a higher price.

    • 16

      Break-Out Session #2

      Students were asked to come up with three potential offer concepts for a property, and they discussed and suggested strategies like equity sharing, lease options, and offering a lower desired profit.

    • 17

      Seller Carry-Back Strategy

      This segment discusses the seller carryback mortgage model, where a seller finances a sale for an investor, resulting in tax deferment for the seller and a potential income source for the investor.

    • 18

      Seller Carry-Back Clauses

      Do you know the vital clauses to be included in a seller carryback mortgage, such as the substitution of collateral, right of first refusal, and the skip and stutter clause?

    • 19

      Seller Carry-Back Examples

      Chris shares examples of real estate investors who used seller carry-back mortgages to acquire properties.

  • 19

    Seller Carry-Back Examples

    Chris shares examples of real estate investors who used seller carry-back mortgages to acquire properties.