June 17, 2020

Q&A with Ron LeGrand: Part One, with Ron LeGrand

Episode 82:

You may know Ron LeGrand as the real estate guy. He’s been at it for 36 years and has bought and sold well over 3000 houses without using his money or credit, and he’s taught hundreds of thousands of people to do the same and still do to this very day. Ron still teaches classes all over America and does live deals with students everywhere he goes.

What you’ll learn about in this episode:

  • In this unique episode of the Mentor Podcast, Ron Legrand shares the first part of a Q&A session with his real estate coaching students
  • How Ron and his team are preparing to do a four-day virtual Quick Start School focused on the ugly house side of the business
  • Why you should check with any state in which you want to do deals remotely, to find out whether you need to be registered in that state
  • What advice Ron has for a student who is looking at a deal for a burned-down house in southern California as to whether to repair or rebuild the home
  • Why Ron waits to discuss the first payment until he is with the seller and ready to sign a contract, and how he handles sellers who need to stay in the house for a few months after selling
  • How Ron suggests an investor who is only looking for short term (5-10 year) gains can cash out
  • What retirement plans Ron recommends for paying minimal taxes, and why it’s easy to find an exit strategy in real estate
  • Why Gold Club members should instruct their VAs to call on every Gold Club lead they receive
  • How closing cost particulars vary from state to state, and when Ron does and does not agree to take on closing costs
  • What to do if you get a yes lead back from your VA but the seller is refusing to disclose the loan amount
  • Why Ron refuses to pay market value for a property and would turn down a deal where the seller is asking for the home’s appraisal value

Additional resources:

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