7 Figure Real Estate with Edna Keep

Lee Kearney is one of the nation's most successful single-family real estate investors. Since 2004, he has bought/sold 7,000+ properties, and is known as the expert in leveraging real estate market cycles.

He now owns several real estate businesses in Florida, all operating under the Southeast Property Investments Network (SPIN) brand, to fix and flip properties across the U.S., totaling over $500 million in property.

Lee taps into his expertise and passion for mentor ship to educate others on leveraging market cycles to grow their own real estate businesses. His education platform FLIP YOUR INCOME offers several levels of training designed for beginning investors, mid-level operators who wish to scale their operations, and seasoned investors looking to manage their profits.

Since the pandemic situation arise, Lee has created a platform for anyone who want to master the real estate investing strategy from how to find a deal, how to sell the deal and how to collect the money over online platform realadvisors.com

For more information reach out to Lee Kearney at [email protected]

Watch the full interview with Lee Kearney here.

You can also listen to the interview on my podcast- www.7figurerealestate.net and on iTunes.

To listen the interview on iTunes, Click here. Also, please subscribe my channel on iTunes and share the interview with others.

Edna

Do you ever feel like you're living on autopilot? I know you're probably always busy, chasing goals and checking off your to-do list ... but are you actually getting anywhere? Do you feel happy and fulfilled or are you stuck going through the motions of life?

If these questions make you uncomfortable, then I encourage you to take steps towards creating an intentional life.

If you decide to take control of your life, you absolutely can achieve your goals.

But how do you do that?

First of all, you have to set the intent. You have to decide that you'tr gonna live a better life whether that is laugh more, love more, workout more, eat less or eat more (If you're too skinny).

Some of the things that I do everyday is studying with my reading group. We are not just reading together but we are discussing and analyzing the points we read and supporting each other through the growth process.

Another thing is writing out and saying affirmation everyday on how do I want my life to be? Reading my affirmation loud to myself for about 5 minutes.

One of my mentors says that the words that follow I am, build your life. So if you keep saying to yourself you're a loser or in any other form, then you become a loser.

On contrary, if you say you're a winner and I win everything I try then those affirmations come true for you.

It is a matter of repetition- repeating the affirmation over and over again helps you set up your intention and the intentional approach to your life.

Start deciding what you want and write down your goals. If you write down your goals then your brain starts thinking about it and helps you keep in check throughout the day to work towards your goal and then keep practicing it everyday.

When you live intentionally, your values and life vision are always there to guide you, so create a system that helps you reset when you need to.

Personally, I use my journal to check-in with myself on a daily and weekly basis. I highly recommend this system but ultimately, you have to find something that works for you. Set a reminder on your phone, catch up with a like-minded friend every week, or create a vision board and put it where you can't miss it.

The "how" isn't important—what matters is that you set aside time for regular self-reflection. (Study yourself!)  Do you need to do to get back to basics and remember what matters.   Do you need to recommit to following through with intentional actions? Or are you ready to uplevel and take on a new challenge?

You don't need to be perfect but you do need to keep showing up. Keep coming back to what matters to you—no matter how far off track you find yourself—and you'll be surprised at how much everything changes.

To learn more about this topic, Watch my Facebook Video Live Here.

If you need my help to revive your Mindset, reach out to me at

[email protected]

Or

Schedule a Free Strategy Call with me.

To Join my Facebook Group- Mindset Transformation, Click here.

Edna

P.S.

Register for three weeks Workshop. "How To Change a Paradigm?" on May 12th at 12:00 PM MST (SK Time) on Zoom.

Register your Spot Here.

Last week we discussed "What is a Paradigm?" A paradigm is a typical example or pattern of something". So what a subconscious paradigm is to us is a pattern or programming through constant repetition of a thought, phrase, belief, or habit.

We all have paradigms whether you are aware of them or not. Some serve us and others prevent us from having more from life.

Changing Paradigms can be essential to achieving and attracting what you desire into your life.

A paradigm in a sense, tells you there's a game, what that game is and how to play it successfully. A paradigm shift is changing to a new game or a new set of rules...and when the rules change, the whole world appears to change.

One way to do this is through affirmations. Find positive statements that mirror the beliefs or behaviors you want to incorporate and read the statements over and over again.

I have been writing positive affirmations and my goals for over six months now and believe me it has worked for me.

I also write down what I want daily in the morning and read it loudly over and over again for at least 5 minutes. By doing so, my mind becomes laser focused on my goals and works toward achieving the goals through out the day.

To listen to my Facebook video on "How to Change a Paradigm"; Click here.

Also, throughout the whole month I am setting up 3 workshops which will help change your paradigms and force you to work towards your goal(s).

First workshop- will be on May 12th at 12:00 PM MST. (SK Time).

To join for the workshop; Click here.

Or

Visit, https://us02web.zoom.us/webinar/register/WN_3dlF4-_qRG2GtXnakrMxIg

Edna

Today we are going to talk about acquisition fees. If you want to get started investing in the Multi-Family business, one of the things I make sure to teach my students is how to get paid to do that.

There is a lot of work involved such as searching for a building, educating your self on what needs to happen and how to make everything work, also how to find investors, how to get your building funded. So you put hours and hours into a deal and sometimes not able to close for some reason.

It could be an environmental issue or you might not be able to get financing, might not being able to raise the capital and different stuff like that. You know its almost like a sales position, you do not get paid for every person you talk to. Sometimes you do work on three or four building and don't work out and the fifth one works out. So that's part of your contribution to your joint venture partners and that is why you get your acquisition fees.

So what we do is when we are working on a building we put the acquisition fees in as a closing cost generally about 1% of the purchase price.

Considering the amount of time and work involved, you are entitled to this acquisition fee and when you are making a deal don't forget to mention it to your investors about your acquisition fees because you need to be as transparent as possible for any deal.

In a nutshell, as a syndicator of real estate you will typically receive compensation for finding the property, conducting due diligence, and structuring the deal. Acquisition fees can range anywhere from 1% – 5% of the acquisition costs, or it can be a flat fee (i.e. $25,000).

Be reasonable,if your fees are too high, other investors might be leery to invest with you, however, finding and structuring deals can be a tedious task, so make sure you are compensated for your time and effort.

To find out more, Watch my Facebook live video here.

If you want to build a multi-million dollar Real Estate Portfolio, go to www.ednakeep.com and learn more about my program 90 Days to $5K.

Edna

First of all, I think a lot of people don't even recognize what beliefs they have about money. I even still have some limiting beliefs I catch myself thinking.

My brother buys lottery tickets all the time. Just recently he sent us a text letting all our siblings know that he bought a lottery ticket and put all our names on the lottery ticket.

And my immediate thought was Oh my gosh! We're never going to win the lottery! Good luck with that.

But you know what, that's entirely a limiting belief.

I know at one point while working with my coaches, I was telling him that I think I reached at maximum capacity of what I was able to raise for capital.

And he replied, Edna, why is that?

I told him that you know what if it's a worst case scenario and I have to pay it back out of my own pocket?

So my coach told me that, Edna that's a very limiting belief that you have and you have to stop thinking like that.

I gave it a second thought about it to see what can I do it differently and ended up buying a larger Life Insurance policy because one of the fear I had was that what happens to my family if something bad happen to me, who will look after my Investors.

This is one kind of a fear that some of my students feel as well. They also think like what if something happens to me and I would not be able to repay to all my investors?

But you know what, we can not live our whole life based on what could go wrong?

We have to start thinking what could go right?

Even the biggest mogul in the world, Donald Trump uses investor's capital to fund his deals. Almost everyone uses investor's capital directly or indirectly.

Many people know that a positive attitude about money allows you to embrace financial success more freely. But you are probably already aware of how hard it is to unlearn limiting beliefs around money that lead to procrastination or even self-sabotage.

Imagine how happy you will feel when you are liberated to thrive financially and expand your perspective to embrace prosperity.

Last weekend, I was speaking in front of public forum online, and one of the audience members asked me "Edna, is it possible to buy Real Estate with No Mone"y?

I said YES! When I say Buy Real Estate with No Money, means none of your own money. We have done so many deals with none of our own money and you can, too.

So always keep confidence in yourself which is a key element in acquiring the wealth.

To watch my Full episode on Facebook, Click here.

Edna