15: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm

04/25/13 • 72 min

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Starting out with nothing is not easy. Luckily – this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On today’s show, Glenn and Amber share a ton of great tips and advice about flipping, wholesaling, and marketing for real estate investors – both new and seasoned.

Read the Transcript for episode 15 with Glenn and Amber Schworm

In This Show, We Cover:

How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed
Using a mail-carrier to find deals for you
The mistakes made on the first flip that helped them prosper on over 100 other flips
Working with your spouse as your business partner
Creating systems and teams to build a bigger business
Tips for finding private investors to fund your real estate investing
The toughest thing Glenn and Amber ever have to face in their business
Tips for making money from wholesaling
Marketing for motivated sellers

Books Mentioned in the Show:

The BiggerPockets Book on Flipping Houses
Seven Habits of Highly Effective People by Steven Covey
Think and Grow Rich by N. Hill
The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz

Links from the Show:

Tweetable Topics

Don’t be afraid to ask. (Click to Tweet!)
You can read the books and go to the seminars, but in the end – it’s a people business.(Click to Tweet!)
Behavior that is rewarded is usually repeated. (Click to Tweet!)
Invest in your people... they are your future. (Click to Tweet!)
Action equal results. Massive action equals massive results.(Click to Tweet!)

Learn More about Glenn and Amber

Learn more about your ad choices. Visit megaphone.fm/adchoices

Read the Transcript for episode 15 with Glenn and Amber Schworm

In This Show, We Cover:

How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed
Using a mail-carrier to find deals for you
The mistakes made on the first flip that helped them prosper on over 100 other flips
Working with your spouse as your business partner
Creating systems and teams to build a bigger business
Tips for finding private investors to fund your real estate investing
The toughest thing Glenn and Amber ever have to face in their business
Tips for making money from wholesaling
Marketing for motivated sellers

Books Mentioned in the Show:

The BiggerPockets Book on Flipping Houses
Seven Habits of Highly Effective People by Steven Covey
Think and Grow Rich by N. Hill
The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz

Links from the Show:

Tweetable Topics

Don’t be afraid to ask. (Click to Tweet!)
You can read the books and go to the seminars, but in the end – it’s a people business.(Click to Tweet!)
Behavior that is rewarded is usually repeated. (Click to Tweet!)
Invest in your people... they are your future. (Click to Tweet!)
Action equal results. Massive action equals massive results.(Click to Tweet!)

Learn More about Glenn and Amber

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

14: Cash Flow, Creative Finance, and Life with Ben Leybovich

Creativity and real estate go together like peanut butter and jelly – but for many investors, learning how to get creative can be tough. So today, on the 14th episode of the BiggerPockets Podcast, we sit down with real estate investor Ben Leybovich to discuss buying property with 100% financing, the importance of cash flow (and how to get it,) overcoming obstacles that inevitable will rise, plus a whole lot more. Ben’s inspirational story, involving his battle with multiple sclerosis, will teach you the importance of creating passive income through real estate because you never know what the future will hold. Learn how Ben turned this tragic, life-changing news into motivation to create a successful real estate investing business. You’ll definitely want to take notes during this one!

In This Show, We Cover:

The shocking medical event that completely changed Ben’s life
The three kinds of income ... and which you need
How Ben chose his real estate investing strategy
The message about “flipping” that seems to escape most
How to get started with no money at all
Ben’s top tips for landlords
A reasonable benchmark for cashflow... how much per unit per month.
Why 100% of the purchase price isn’t 100% of the leverage/equity.

Links from the Show

Books Mentioned in the Show:

How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
ABC’s of Real Estate Investing by Ken McElroy’s

Tweetable Topics

Successful people march toward the blazing guns. (Tweet This!)
Find fertile ground where the stampede hasn’t occurred yet. (Tweet This!)
I’m in real estate for one reason and one reason only: stable passive income. (Tweet This!)
Get good at solving people’s problems – you’ll do well in life.(Tweet This!)
Successful people refuse to fail. (Tweet This!)
To achieve extraordinary results we have to take extraordinary actions. (Tweet This!)

Learn More about Ben

Ben’s Blog – JustAskBenWhy.com
Ben’s BiggerPockets Profile
Ben’s LinkedIn Profile

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Next Episode

16: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber

Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox.

Read the transcript for Episode 16 with Clay Huber here

In This Show, We Cover:

The “accidental flip” that got Clay into Real Estate... and why he changed strategies
How to use seller financing to invest in real estate,
When not to use seller financing
Dealing with the dreaded Due on Sale clause,
Should you get your real estate license?
Using a full time job to accelerate your investing
The members you should have on your team
How Clay finances his deals
The four items to include in your Marketing Packet to attract private money
Overcoming the “Bus” question... what happens if you get hit by a bus!?
How to get training for pennies on the dollar

Books Mentioned in the Show:

Inspecting a House (For Pros By Pros) by Rex Cauldwell

Links from the Show:

Tweetable Topics

“The best business model is to simply have a sugar-momma!” (Tweet This!)
“If you buy something for retail value you are at the mercy of the market.” (Tweet This!)
“Your first step in any venture is to define your goal.” (Tweet This!)
“Make sure your spouse is 100% on board with your goals.” (Tweet This!)

Learn More about Clay

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