• Real Estate Investing Tips ft. Johnny Lynum | VA Loans & Wealth Building

  • Jun 19 2024
  • Length: 43 mins
  • Podcast

Real Estate Investing Tips ft. Johnny Lynum | VA Loans & Wealth Building

  • Summary

  • Episode Title: Real Estate Investing with Johnny Lynum

    Host: Jeff Gill

    Guest: Johnny Lynum, seasoned real estate investor, active duty Air Force Lieutenant Colonel, author, coach, and philanthropist.

    Introduction:

    • Welcome to "Navigating Financial Freedom."
    • Today's guest is Johnny Lynum.
    • Johnny's background: born in Detroit, Michigan, raised in Grove Hill, Alabama.
    • Founder of Operation Invest and REI Genius.
    • Over 17 years in real estate, owning about 120 units valued at over $14 million.
    • Specialties: project management, success coaching, marketing, capital raising, buy-and-hold investing, fix-and-flip, and motivational speaking.
    • Author of "Millionaire Real Estate Success Strategies."

    Episode Highlights:

    1. Starting in Real Estate for Military Personnel:

    • Utilize the VA loan for purchasing properties.
    • Buy properties early in your military career.
    • VA loan allows purchasing 1-4 unit properties with 100% financing.
    • Example: Johnny's first duplex in Warner Robins, Georgia.

    1. VA Loan Process and Benefits:

    • Requirements and benefits of the VA loan.
    • No purchase limit, but possible entitlement limits.
    • Process of refinancing to restore entitlement.

    1. Investing Strategies:

    • Johnny's evolution from buy-and-hold to fix-and-flip to multifamily investments.
    • Importance of having a team and managing projects remotely.
    • Example: Johnny's first 18-unit apartment building purchase during COVID-19.

    1. Mindset and Psychology in Real Estate:

    • Importance of mindset in negotiations and transactions.
    • Tony Robbins' influence: success is 80% psychology, 20% skill set.
    • Focusing on adding value and understanding the seller's story.

    1. Market Trends and Predictions:

    • Real estate resilience, especially in single-family homes.
    • Local market variations and their impact on investments.
    • Multifamily trends and new construction impacts.
    • Importance of diversification and understanding interest rates.

    1. Financial Literacy and Community Involvement:

    • Johnny's passion for teaching financial literacy.
    • Importance of financial education for underserved communities.
    • Johnny's book "Millionaire Real Estate Success Strategies."

    1. Success Stories and Mentorship:

    • Success stories of Johnny's mentees.
    • Example: Reggie's first contract and subsequent multifamily deal.
    • Importance of taking action and consistency.

    1. Programs and Resources:

    • Johnny's multifamily mastermind and eight-week accelerator program.
    • Teaching individuals to scale properties and raise capital.
    • Launching Line of Capital, a private equity fund for real estate investments.

    1. Balancing Family and Business:

    • Block scheduling and prioritizing family time.
    • Importance of having a supportive team.
    • Example: Johnny's commitment to attending his children's soccer practices.

    Closing Remarks:

    • Johnny's contact information: JohnnyLynum.com, active on LinkedIn, email: Johnny@JohnnyLynum.com.
    • Encouragement to visit the website for more information on programs and consultations.
    • Jeff Gill thanks Johnny for sharing his insights and experiences.
    • Encouragement for...
    Show More Show Less

What listeners say about Real Estate Investing Tips ft. Johnny Lynum | VA Loans & Wealth Building

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.