Rich has looked at over 8000 houses, flipped 650 since beginning his investment career, and has a rental portfolio of 139 houses and still runs his HomeVestors Franchise…. Where did that lead him?
Rich saw an opportunity and a need in the real estate investing market—Hard money lending with a personal spin.
Today we are going to talk about his personal real estate investment business, the importance of working with brokers for proper analysis of your deals, and having the right people on your team, and his 10 million dollar lending business. We discuss getting "ready to get ready", understanding the process, doing your homework, working with contractors, borrowing from his company, RMAC Lending, and making the RIGHT improvements to expedite a sale when your rehab is finished. Terms covered include Hard Money Lending, a Scope of Work and it’s importance, and working (or not) with Project Managers.
Rich funds 100% of the purchase price, 100% of the rehab costs, and meets with each investor every other month at a minimum. No down payment needed. Check out his website @
www.rmaclending.com for more information on adding Rich and his team to your real estate funding options for your next fix and flip project.
“Sometimes the Best Deal You do is the Deal you DON’T Do” is one of the many great nuggets that Rich brings to light.
Today's Episode is a little bit different compared to most, other than you've only got me on the show...
We review and update the audience on the outcome so far on IES Radio #37: The Art of the Note Deal. Stay tuned for more on that...
We discuss one of our investor's recent AWESOME CASHFLOW acquisition in one of the local suburbs of Chicago which results in a 32% CASH ON CASH RETURN!!! And over $600 a month in cashflow!!!
Lastly stick around for this last tidbit about saving money on buying your materials from a unique and most likely overlooked store.
Short and sweet... Rate me on iTunes and Stitcher!
I know when I first got into real estate, dealing with mortgage notes as a buyer, seller, or investor was the "8th" Wonder of the World.
In this episode we review:
-What is a Non-performing and Performing Note
-Where to find them
-How to invest in them
-Educational resources available to all of us FOR FRIZZLE! (free) :)
-The POTENTIAL income streams you can create with them
In the final segment I review a recent deal I invested in and what my plans are to profit from it!
If you're interested in getting involved, reach out!! Stop sitting by on the sidelines and take some action! We need more investors, buyers, rehabbers, landlords, private lenders, and contractors!!!
Today on the Investor Empowerment Series Radio Show #36 I interview 30+ year investor and real estate broker Rick Harper, of Harper Real Estate Inc. on his years of experience, buying his first property in Oregon at the age of 16, succeeding with rental properties and investing in the Florida market for MASSIVE CASHFLOW!!!
Rick offers a full service "turnkey" style product if that's what you're looking for, or a situation where you can take on as much responsibility and work as you choose.
Most importantly, he emphasizes the need to TAKE ACTION and make smart investments to retire on!
Another NO-MISS Episode!!!