Cons of Private Money Lending
I am constantly pitched for random development deals and some times these phishing requests get annoying because I have little interest due to the poor risk adjusted returns and the fact that I would be a debt investor and not equity investor (upside). More on private money lending deals which is offered in our investment […]
Ep 153 – Lessons from the Wealthy w/ Frazer Rice
The audio was pretty terrible on this live recording from FinCon. Below is a little better audio version. Buy the book we discussed here Coming out of college—I worked for the department of economic development up in Albany New York, and it was a really interesting experience. I was charged with helping being a part […]
Episode 152 – Kyle Jones Apartment Investor & 7 lessons learned
7 Lessons learned from first few deals 7 – Not Googling the crime on the property 6 – Not communicating enough through the closing process with LP’s (1031 story) 5 – Not following up with the mortgage broker enough (going through a mortgage broker) 4 – Not having a relationship with the leasing person (found […]
Episode 151 – Live Coaching Call with a Doctor going 45 => 75 MPH!
More info for doctors here. For access to the Personal Financial Sheet join the Mastermind.
Episode 150 – Apartments to Mobile Home Parks with Paul Moore
Take the hint from other high level investors and be aware that MFH Apartments is where a lot of new syndicators are starting businesses and where all the gurus are teaching about the space. It might be time to look elsewhere other than Apartments and into mobile home parks. Learn more about the asset class […]
The Newbie Wall
I have had over 1,000 calls since 2017-2019 with investors just like you. And now that I am not working… I admit that’s a few calls a day while I was taking my extended breaks at work. All kinds of investors some not listening to my directions of checking out the first 20 podcasts and those […]
Top 25 questions to ask a property management company during interviews
For passive investors the property manager is the most important person on your team. That said it is very underpaid and extremely difficult to find one and keep them. From a property manager’s standpoint, its not a really good business to be in because you get to see the worse side of owners and […]
Don’t do this…
Here is a sample of a contract from a turnkey provider that a Mastermind member redlined. Not giving any legal advice but the sheer amount of revisions to the turnkey providers contract may make them balk at having you as a buyer especially in a strong sellers market. Its like that time you went out […]
The “Talk” with your parents
Its reality (and a little morbid) that your parents are aging you be one of the main caregivers. If you reading this they you understand the saying “sandwich generation” squished between taking care of kids, a demanding career, and aging parents. I have had calls with investors who have had their parents give a greatly appreciated property […]
Putting in an offer
When you put in an offer on something simple as a turnkey rental… lets face it. Its mostly about price. But there are some terms that I usually put in there such as a credit back for the maximum seller paid closing costs (~2%) in order to minimize the money out of pocket. Other common […]
