Money Talk With Tiff
Episode•October 21, 2021•18 min

Making Money Through Real Estate with Andray And Maisha Stroud | Ep. 74

Andray and Maisha Stroud sit down with Tiffany to discuss how they teach Gen X'ers to make money through Real Estate investing. In this episode, they deep dive into tips for real estate investing, owner financing, and how to manage multiple properties. About Our Guest Andray and Maisha Stroud with their podcast, I Don't Do Toilets, encourage Gen X’er's to join along in their journey to financial freedom. Their goal is to share experiences and knowledge giving their audience relatable and practical content towards building wealth. They discuss entrepreneurship, stock market investing, real estate, wealth building and everything in between. Connect with Andray and Maisha Stroud Podcast: https://podcasts.apple.com/us/podcast/i-dont-do-toilets-podcast/id1548752288 Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant YouTube: Money Talk With Tiff Channel Pinterest: Money Talk With Tiff This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Key Takeaways

  • 1

    Owner financing creates passive real estate income without landlord responsibilities

    Acquire properties and sell them as the bank with your own terms and interest rates

    Receive all profits of ownership while avoiding maintenance, repairs, and tenant issues

    Sell properties 'as is' bypassing traditional due diligence and repair requirements

  • 2

    Cash purchases provide significant advantages in real estate deals

    The Strouds purchased a property for $30,000 cash, demonstrating the power of liquidity

    Cash offers increase likelihood of securing better deals and closing faster

    Dave Ramsey's principle of 'cash is king' applies directly to real estate investing

  • 3

    Notes can be sold as an exit strategy or additional profit opportunity

    Underperforming notes can be sold to note buyers for immediate liquidity

    Performing notes can also be sold if investors want to exit the position

    This creates multiple monetization points from a single real estate transaction

  • 4

    Professional services streamline owner financing transactions

    Title companies ensure clean title transfer

    Loan originators and servicers handle payment collection and administration

    Initial setup requires effort but creates automated monthly income streams

Intro

  • Tiffany interviews Andray and Maisha Stroud at FinCon 2021 about their unique approach to real estate investing that generates passive income without traditional landlord headaches.
  • Andray and Maisha Stroud host the 'I Don't Do Toilets' podcast, teaching Gen Xers how to reduce debt, increase income, and retire comfortably through real estate, stocks, and trading with a focus on passive investments.

– Understanding 'I Don't Do Toilets'

  • The Strouds explain their mission to help Gen Xers build wealth through passive investments like real estate and stocks, avoiding the overhead of traditional landlord responsibilities.

We focus on those passive type investments that will give us passive income that we can grow into as we get older, late in life.

– Andray and Maisha Stroud

– Owner Financing Explained

  • Instead of becoming landlords, the Strouds act as the bank by acquiring properties and selling them with owner financing terms they set themselves.

We get all the benefits of the landlord. So we get all the profits, but we don't have all the overhead.

– Andray and Maisha Stroud
  • Properties are sold 'as is' without the traditional inspection and repair requirements of conventional sales.

– How Owner Financing Transactions Work

  • The process involves running title through a title company, using a loan originator, and employing a loan servicer to collect payments automatically.

Once it's set up, you are up and running and your check is in your bank account.

– Andray and Maisha Stroud

– Cash Purchases and Creative Financing

  • One property was purchased for $30,000 cash. Other properties have underlying mortgages, but the structure ensures the original mortgage is paid first, then the Strouds receive their payment on the second position.

If you go to the table with cash, you're more likely to get the deals and get the good deals.

– Tiffany

– FinCon 2021 Takeaways

  • The couple highlights the value of networking with like-minded creators, especially within the African-American content creator community, and the power of in-person connections over virtual events.

Iron sharpens iron.

– Andray Stroud

– Note Selling as an Exit Strategy

  • When a note underperforms, it can be sold to note buyers. Even performing notes can be sold if investors want liquidity or to move on to new opportunities.

There are note buyers that will buy your note. And we made a profit.

– Andray and Maisha Stroud

Resources

Topics

real estate investingowner financingpassive incomeGen X wealth buildingnote buyingFinConnetworkinglandlord alternativescreative real estatefinancial freedom
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