Antonio Edwards specializes in finding distressed residential and commercial properties at a discount for wholesale, rehab, buy-and-hold, owner financing, and lease options. Antonio also teaches others around the world how to quit their job and become financially free by making money in real estate without having to use no money and credit. He shares his thoughts on how to keep things lean during a pandemic and why you should be hyper-focused on acquiring assets in your portfolio.
Key Takeaways:
- How long has Antonio been in real estate?
- Antonio’s first deal was a crack house! It was crazy.
- Antonio worked with a mentor very early on to help him through this. Always surround yourself with good people to help you through.
- Alex did okay for himself in the first few years without a mentor, but he made a ton of mistakes.
- The best investment you can make is in yourself. You don’t know what you don’t know.
- How has COVID-19 impacted Antonio’s market, business, and community?
- How has Antonio pivoted due to the pandemic?
- Start offering lower on your houses. Around 15‒20% lower.
- Rehabbers! Be cautious! The market is too uncertain.
- How has Antonio been communicating with his tenants?
- People who have cash in the bank will prevail!
- What is the difference between now and 2009?
- It’s critical to live below your means.
- Due to the pandemic, Antonio has been able to be more present with his family.
- Antonio talks about when he knew that this pandemic was going to be serious.
- If you want to flip, keep it up, but Antonio recommends you keep some properties for cashflow.
- How can wholesalers keep afloat during this pandemic? What should they be doing/thinking about?
- The real name of the game is cashflow!
- How does Antonio break down his cash percentage in his business when he closes a deal and makes a profit?
- Let’s talk about self-directed IRA.
- When you have debt, it introduces risk.
- Antonio discusses the pros and cons of having a debt model vs. a free-and-clear model.
- If you keep things simple, you’re going to win the game.
- Alex opens the podcast up for Q&A!
Mentioned in This Episode:
Do you see the value in a High-Level Mastermind Community of Successful Entrepreneurs? Do you believe the right Coaching can help get you to where you want to go? Learn more about ASCEND, and let's have a conversation to see how we can help you Ascend your LIFE & BUSINESS!
Let’s Connect on Instagram: @alexpardo25 (and other Social Media platforms --- see links below)
Connect with Antonio on Instagram: @antonio_j+edwards
Recommended Books:
Rich Dad Poor Dad, by Robert Kiyosaki and Sharon Lechter
Profit First: Transform Your Business from a Cash‑Eating Monster to a Money-Making Machine, by Mike Michalowicz
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SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW: https://www.youtube.com/alexpardo
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today: https://www.AscendYourSuccess.com/
Access to Online Course: 5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less): http://www.flipempire.com
WHO IS ALEX PARDO? https://flipempire.com/about/
FOLLOW ME ON:
INSTAGRAM: http://instagram.com/alexpardo25
FACEBOOK: https://www.facebook.com/alexpardo15
LINKEDIN: https://www.linkedin.com/in/alex-pardo
YOUTUBE: https://www.youtube.com/alexpardo
Tweetables:
“I think we’re going to have a bad cycle in the next 90-plus days.”
“‘Every five properties I flip, I like to keep one. You should have some money to buy one that way.”
“The name of a game as an investor is to really buy an asset.”
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