Anson Young - Finding and Funding Great Deals

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Finding and Funding Great Deals

Anson Young

Published by BiggerPockets Publishing LLC, Denver, CO Copyright 2019 by Anson Publishing, LLC

All Rights Reserved.

Publishers Cataloging-in-Publication data

Names: Young, Anson, author.

Title: Finding and funding great deals : the hands-on guide to acquiring real estate in any market / by Anson Young.

Description: Revised edition. | Denver, CO: BiggerPockets Publishing, LLC, 2019.

Identifiers: ISBN 978-1-947200-17-3 (pbk.) | 978-1-947200-01-2 (ebook) | LCCN 2017960668

Subjects: LCSH House buying. | House selling. | Real estate investment. | Real estate business. | Success in business. | BUSINESS & ECONOMICS / Real Estate / General | BUSINESS & ECONOMICS / Personal Success | BUSINESS & ECONOMICS / Marketing / General

Classification: LCC HD1382.5 .Y68 2017 | DDC 332.63/24--dc23

Revised Edition.

Printed in the United States of America

10 9 8 7 6 5 4 3 2 1

DEDICATION

This book is for real estate investors and agents who like to push the envelope and, more importantly, take massive action toward their goals. Whether you want to buy a house to live in, rent out, or flip, this book is the first step.

And, of course, for Stacy and Wesleymy family, my core, my drive, my inspiration, and my adventure partners. I love you both more than words could ever express.

CONTENTS

FOREWORD TO THE NEW EDITION

BY BRANDON TURNER

Author of The Book on Rental Property Investing, cohost of the BiggerPockets podcast

As a child, I lived on a ten-acre plot of land in the Minnesota countryside that was almost entirely forest. Each day I would venture into those dark woods and, like Lucy Pevensie entering Narnia by way of a supernatural wardrobe, I was magically transported into an unexplored wilderness of danger and intrigue and mystery.

I would dig holes to see how deep they could be. I would climb trees to see how high I could climb. I would jump across streams to see how far I could jump. I was the king of my very own kingdomat least until Mom rang the dinner bell.

But it wasnt just the surroundings that were changed; my very identity was transformed the moment my foot crossed into the wilderness. I may have entered the woods as a child, but I ventured through the trees a heroic treasure hunter, and that was my favorite activity of all. Whether I was discovering an abandoned deer stand, digging up an old tin lunch box, or secretly watching a majestic deer nibble berries, each day brought a new adventure and a new opportunity to be an explorer.

Perhaps its no wonder I became a real estate investor because, as Anson Young so accurately describes in this book, successful real estate investors are modern-day treasure hunters, through and through. And this powerful book is your treasure map.

Are you ready to explore?

ITS NOT TOO LATE TO FIND GREAT DEALS

Despite what your family or friends might tell you, now is the time to start your treasure hunt. Finding great deals can be tough, but the treasures that await the diligent seeker are worth the price. You can still find great deals, but it requires a special set of skills, which you are about to obtain.

Let me tell you a quick story of two separate real estate deals: I purchased the first property in 2012, when the market was at its lowest point. People could barely give away homes, and my town had been hit harder than most. I fixed up the home and rented it out. I bought the second property in the summer of 2016, when the real estate market was at record highs, there were multiple offers on every property, and most homes sold far above their listed price. I fixed up the property and rented it out.

Now, which property would you guess was a great deal? Most would assume the first, but alas, most people would be wrong. The first property has caused nothing but headache and regret for me over the past half-decade, as Ive lost money every year on it. I call it my hell house for a reason. The second property, however, is my best-performing asset, providing over $1,000 per month in profit despite having very little money invested in the deal.

This story demonstrates one of the simplest yet most profound truths that every successful real estate investor must face:

Its not about the marketits about the marketing.

In other words, it doesnt matter whether you live in a competitive market, a dead market, a big market, or a small market. What matters is you and the work you do in finding deals.

And thats why I love this book, and why Anson Young is one of the first people I call when I need help with deal acquisitions. He gets it, and he lays it all out on the table in this book. Anson is a genius at finding creative ways to get real estate deals, as he fully recognizes that its all about getting out there and hunting for them. And he really does this, every day. Hes in the trenches, negotiating with sellers, raising capital, knocking on doors, building relationships, wrestling with contractors (not literally, I hope), and so much more. Anson is as legit as they come.

And hes really, really good at finding and funding great deals.

HOW TO GET THE MOST FROM THIS BOOK

If you believe real estate investing to be important for your future, as well as the future of the generations youll pass your wealth down to, then this book is perhaps the most valuable book youll ever read. Tall order, I know, but understand this: The foundation of all real estate success is found in getting a great deal.

Dont have the financing yet to buy all the real estate deals you want? Find a great deal, and the money will follow.

Want to ensure your property produces an incredible profit as long as you own it? Find a great deal, and the profit will follow.

Want to quit your job and enjoy the awesome life of a full-time real estate investor? Find great deals, and the life will come quickly.

In the pages that follow, Anson is going to show you exactly how to find great deals, and then hell share how to fund them. He doesnt hold anything back. There is no $9,997 course hell try to up-sell you on to get the real info. Its all here.