After a brief hiatus I am back to writing for BiggerPockets, this time with an article on finding bank to lend from. Any buy and hold investor needs to get long-term bank loans to be successful. And here I lay out the reasons why and three ways to find the best banks to borrow from. For example,
1. Look for Investor-Focused Marketing
You'll have to check out the article to find the other two.
In addition, it links to my brother's and my video on the topic, which is also worth checking out:
On this episode ofThe Good Stewards Podcast, we go into the business building side of real estate investment; namely how to scale a real estate investment business by adding value. Check it out:
Previous Episode: Build Up an A+ Wholesaling Team
On this episode of The Good Stewards Podcast, we discuss how to build a wholesale team as well as the ends and outs of wholesale real estate investing. Check it out:
Previous Episode: Where to Go From Here
Hey guys, I have an upcoming presentation on the BRRRR method and building a buy and hold real estate business this Thursday:
The presentation will be hosted by MAREI on Thursday, September 17th at 7:00 PM CST at iWerx:
1520 Clay St.
North Kansas City, MO 64116
Please join us if you can!
We recently discontinued The Good Stewards Podcast, but there is definitely some good advise for real estate investors in the 46 episodes we released. This episode discusses how investors should chart their path forward in these uncertain times. Check it out:
Absolutely unreal. What a year 2020 has been. Perhaps Australia can now send us a few firefighters after we gave them some help earlier this year? Anyways...
Blade Runner 2049:
San Francisco 2020:
And it ain't much better in Oregon where my parents live. Indeed, from what I hear, it's basically suffocating to just meander outside for a bit.
I will be speaking on a panel at the 2020 Multifamily Masters Summit, which you can register to attend here. With Covid-19 and all, the summit is online. It will have a lot of good speakers and information though, whether you're in the Kansas City area or not.
I will be speaking at 10:00 am CST on a panel on getting started in multifamily investing. Here is my friend Paul Worcester with Simplifyy giving the schedule of speakers:
Here's a good example of a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deal we did recently that I went over in depth for MAREI, the local real estate association in Kansas City. I wrote a piece for their website and gave a short talk on it:
The article (and video) go over how the deal went, but more specifically, how to work with a wholesaler. As I note in the article,
In order to get the first crack, the wholesaler needs to know you and trust that you can close. (Many wholesalers have heard people talk big only to be unable to put the money together at the end.) Proving yourself to a quality wholesaler can go a long way, which was the case for us on this deal
Most wholesale deals suck, but some are good. And you need to jump on those quickly if you're going to have a shot at them.
Check it out!
As I've mentioned before, the deaths versus economy dichotomy is absurd. One early study found the lockdown may lead to 75,000 excess "deaths of despair." A new report from the CDC indicates that may be a low estimate,
Some 40.9% of respondents reported at least one adverse mental or behavioral health condition overall: 31% said they had experienced symptoms of anxiety or depression in the 30 days before taking the survey, while 26% reported trauma or stress related symptoms.
Perhaps this is one of the reasons are cities are on fire right now. 25.5 percent of young people seriously considered suicide in the last 30 days... unreal.
It's probably a good idea to check in on your loved ones a bit more often these days.
Rehab Estimate Template:
Scope of Work Template:
Pro Forma Template:
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
Consulting by RPM