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Real Estate Investing Tips ft. Johnny Lynum | VA Loans & Wealth Building
Episode 1419th June 2024 • Navigating Federal Retirement • Jeff Gill
00:00:00 00:42:33

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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 listeners to subscribe and share the podcast.

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