Amp » Debt Free Investing: The “Free & Clear in 5” Framework

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Amp » Debt Free Investing: The “Free & Clear in 5” Framework

Deal Analysis on Demand Software - How to Use

In this session we’re digging into a concept together that may have seemed to you like Fantasy Land wishful thinking up to now… but we’re going to make it oh-so-tangible and real for you.

This is all about how (and why) to invest in real estate without the slavery of debt attached to it. Meaning, no lender payments at all – zero, zilch.

We’re going to share a lot about the philosophy behind this (including debunking the “Good Debt, Bad Debt” myth). And then we’re also going to teach you three time-tested, proven strategies you can realistically deploy to make it happen for you.  And no, not twenty years from now when you’re rolling in it…I mean starting now or in the near future).

If you love owing people money and being on the hook for monthly payments, then this one’s not for you. For the rest of us, prepare to have your paradigms shaken and mind expanded…

Mirar y Disfrutar…

Got something to say? Spill it! We’re all ears…

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Whoa there, partner…turns out this training isn’t quite ready for you yet. But our little elves are working on it, and as soon as it’s posted, we’ll send you an email (how nice of us!) and then it’ll magically appear here for you. Patience, Grasshopper…we’re eating the elephant one bite at a time. 🙂

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21 Responses to “Amp » Debt Free Investing: The “Free & Clear in 5” Framework”

  1. Cornelius Baker Reply

    Not sure where to place this question, but here ‘goes!

    Some of the other wholesalers have a $3500 non refundable deposit to contract with them.

    Is there a simple work around to this?

    I think I saw where someone put down a $10 deposit and a clause that the end buyer would take over the obligation as assigned or something.

    Can you walk us through this. Lots of wholesalers are emailing me now with potentially good deals but the $3500 non-refund, is a bit of a hurdle.

  2. Cornelius Baker Reply

    Crystalizing! That’s what you are helping me do with what were semi timid nebulous plans. You are crystalizing them in my mind.

    I became an actual acquisitions lead finder about the same time I signed up for this course. Birddog activities fit me well. I’ve failed at full on wholesaling but have better training now thanks to you. Shout out to Steph Davis who sent me your way! I can see Birddogging for the Investor Company continuing, but also my own team coming together.

    In Steps…
    Wholesale Private Owner Homes till cash rolls in.
    Save 25-50%
    Wholesale REO’s like Steph teaches
    Use funds from Wholesaling to—>
    Every 3 to 6 months Cherry pick a home to Rehab
    Use these funds to buy free and clear property at about 2 per year.

    Still working on it but, the confidence is up! Thank you!

    I love the earlier explanation of “fiduciary” versus “equitable interest” as a “principal” in the transaction.

    Clear.

    Feedback: on this amp session Pat’s mic is booming while on JP’s mic I have to turn up the sound. Then Pat’s mic comes back in and …ow.

    Thanks as always for great content, and mentoring!

  3. Jim Culley Reply

    Hi guys, just finished the debt free amp and I feel more confident that I can move on further looking for cash flowing opportunity other than basic rentals.
    I am a terrible landlord.
    Jim C.

    • Patrick Riddle Reply

      Hey Jim, I’m not terribly fond of being a landlord either… but fortunately have an awesome property manager so that I don’t have to deal with any of the stuff that comes along with tenants/rentals.

      Glad to hear you enjoyed this Amp session and that you’re feeling more confident.

      – Patrick

  4. Tom Uyechi Reply

    Cool stasche!

    • Patrick Riddle Reply

      Ha, thanks 🙂

      – Patrick

  5. Brendan Barth Reply

    Do you guys have a schematic or outline for the steps to become free and clear in 5 framework?

    • Patrick Riddle Reply

      Hey Brendan, we don’t have an outline exactly. We just walk through different strategies in the video that could be part of your “free and clear in 5” plan.

      – Patrick

  6. Steve Hirsch Reply

    love the equity partnership idea.
    I have 2 money partners currently doing the 50/50 split with exit strategy as rent to own.
    Just need to find some more deals now.

    • Patrick Riddle Reply

      Nice Steve. Target some unexpected owners to get some fresh deals flowing.

      – Patrick

  7. Harrison White Reply

    Hi Patrick and JP,
    Thank you so much for this wonderful course! Can strategy #2 Using Sellers as the Bank and creating price and terms be used in wholesaling situations, or is this strategy more adaptable to fix and flip or buy and hold situations. Please explain how this strategy can be used in wholesaling in todays market. When would this strategy be most useful? Also does this lead to subject to purchases?
    Thanks,
    Harrison

    • Patrick Riddle Reply

      Hey Harrison, I don’t recommend wholesaling any seller financing deals. If the buyer ended up defaulting on the loan at some point, it could come back to bite you.

      This strategy (using sellers as the bank) is most useful for properties that you want to buy and hold yourself.

      – Patrick

  8. Myrtolyn English Reply

    It’s been hectic carving out time to complete the process. I’m completing the renovation of our home while we’re living in it. I do not recommend it.

    However, after going through the training materials, I feel that wholesaling is the right option for me. I have renovated homes, doing a substantial part of the work myself with occasional help. This has been extremely time consuming, even with contracting some of the work (HVAC, roofing etc.) My experience as a landlord has been a love/hate relationship. I am also intrigued with the lease-to-own sweat equity option.

    Our local REIA has been displaced during a renovation of their regular meeting space. However, I hope to connect with them in the near future. My home area is small, but I am aware that there are active investors here, The ones who I am acquainted with however, generally contribute to the arts. I need help locating investors who are interested in real estate.

    I’m at a point where I feel that I need answers, but I’m not sure what questions to ask. I have read and listened to a lot of training sessions and I’m ready to put the information into action.

    • Patrick Riddle Reply

      Hey Myrtolyn, that’s great to hear that you know what strategy you want to focus on – wholesaling. I can relate with you on the love/hate relationship with being a landlord.

      From here, it’s time to put together an action plan to get your first wholesale deal done. Figure out a couple strategies that you’re going to implement consistently to find deals and to build your buyers list. And take action immediately on whatever you think the best first step is.

      Write down the actions you’re going to take each week… and if you have any questions to run by us about the actions you’re taking, shoot ’em our way 🙂

      – Patrick

  9. Joanne Mines-Sims Reply

    Thanks P Rid, JP, and guests for an extremely valuable wealth of information. Your IPOD training is the VERY BEST of all of my RE INVESTMENT Resources/Education materials. I’ll let you know when I land my 1st deal! Regards!

  10. Robert Chamberlain Reply

    Really enjoyed this session. Do you have a sample loan agreement that you have used with sellers?

  11. DON JACOBS Reply

    On the coaching: I had to drop the coaching option after the first month because I am not in a position to pay for it yet. However, I will definitely reinstate it when I have got some more cash flow flowing.

    Thanks for being there.

  12. DON JACOBS Reply

    I like the Equity Partnership Strategy best. This makes the Private Lender my partner, instead of my lender with payments expected.

    However, when does the partnership end? After a time I would think that you have built in a lifetime tax collector of 50% of your profits. At least with different forms of lending, there comes a time when you get out of the noose. ;^)

    • Hey, Don – at first, just do it on a single deal-by-deal basis. See how it goes that way. Each deal is it’s own little partnership between you. So it’s almost more like a joint venture than a “partnership” int the truest sense.

      Then later you can both decide if it (ever) makes sense to form something more formal and ongoing, or just to keep going deal by deal.

  13. Thomas Lewis Reply

    im stuck in the same place where I joined

    • Honestly I’m not sure exactly what you mean, Thomas. But if you’re having a tech problem or content problem, please reach out to charity through member support and she’ll be happy to help you through it!

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