Instead of trading your time for money, trade your money for time. In this episode, our guest Hoan Thai a.k.a. Hoanzone explains to us, step-by-step, how he negotiates his own seller financing note when it comes to actively investing in real estate and how he explains complicated deals very simply, especially for his new investors.
He also talks about how he was able to multiply his time and how to buy properties with almost no cash at all. Tune in now and hear about hard money lending, his four steps on how to invest in real estate and get results, and his several ways on how to get debt. Hover that play button and get more involved in real estate investing and become a hard money lender.
Key Points from This Episode:
- Hoan shares a bit of his background and how he got into the field of real estate investing.
- Hoan walks us through the process of his coaching business with new investors.
- The four steps of Hoan on how to invest in real estate and his other 4 steps in getting results.
- What are the creative strategies when buying properties?
- How Hoan make new investors understand real estate and how to onboard them without scaring them of something “new”.
- How does Hoan find people that are willing to sell and how does social media help people find him instead?
- Hoan explains why he’s doing long-term payouts on his deals and how he’s done them over the last couple of years.
- How does the system work when someone wants to pull out the capital or pull out some equity?
- Hoan talks about how lending money works for him and his students.
- How do you get your properties without going to a bank, but instead, to a money lender?
- The typical background of Hoan’s students and what they need to invest into before becoming his students.
- Why are commercial properties the ones Hoan is looking to buy into right now.
Tweetables:
“You got to stop trading your time for money because eventually, you run out of time. So, trade your money for the time.” – Hoan Thai
“Scary is what causes people to never get started. So I removed the fear so that they can start moving forward.” – Hoan Thai
“Let's multiply because this is my theme in my head all the time whether melt multiplying assets. So, Hoanzone, the way I would introduce it, is like ‘Welcome to the home zone where we multiply the assets you own.’” – Hoan Thai
“The more assets we own, the more money we make. And then ultimately, the more freedom we have because money is time.” – Hoan Thai
“It's [his student] a person who is unfulfilled with their life as it is, and they're looking for a way out and they see real estate investing as the way out. And then they see me as the person who can explain it to them in the way that they need.” – Hoan Thai
Links Mentioned
E78: Hoan Thai - Real Estate Investor, Educator, and Founder of I Escaped My 9 To 5
About Hoan Thai
Hoan is a Philadelphia-based real estate investor with a bachelor's degree in mechanical engineering and a master's degree in financial engineering.