I just met with the vice-president of the local regional bank that’s funding my latest $12 million deal, and these 9 questions are what he wanted to ask me. As a private lender, I’ve been on the other side of the loan equation, so I know why he wants to get a good gauge of my business practices. See how I walked him through my thought processes to earn his trust.
Not only are smaller assisted living centers better because they provide more personalized care, and they’re also safer. 2020 showed investors that consumers’ appetite for smaller residential living centers is rapidly outstripping the supply, and investors like Gene Guarino are stepping in to show other investors how to capitalize on this growing real estate niche.
I’m busy buying, selling, refinancing, raising capital, and coaching, but I want to give you an inside look into my current deal flow process. I love watching other investors raise capital because it gives you a chance to see inside their decision-making process, and I want you to see inside mine.
What would your life look like if you could work because you wanted to and not because you had to? Unlock the golden handcuffs that tie you to your job, and reduce your reliance on W-2 income by investing in cash-flowing ventures. Justin Donald introduces his book The Lifestyle Investor that will put you on a path to financial freedom.
Thinking up gifts for a dozen or a few hundred of your clients can be daunting enough, but add in buying, wrapping, and shipping, and you have a potentially huge project on your hands. Outsourcing your corporate gift giving can be an opportunity to improve the way you show appreciation to the people that make your business successful.
The host of Flipping Boston and my good friend Dave Seymour knows about more than just single resi units. He’s currently standing up a $100 million dollar fund to invest in multi-family apartments, so we take the chance on today’s show to talk about how COVID-19 has affected the hard money loan business.
Institutional loans have come to a screeching halt while banks wait for a sign of the direction this economy is going to go in. Even crowdfunding platforms have slowed down as it seems like everyone’s holding their breath. There are going to be some amazing deals on the marketplace in the next six to eighteen months, but your ability to access private money is going to be crucial to your success.
If you don’t come from a real estate background, it might be hard to make that jump into your first deal. If you came from extremely humble beginnings, it might be even harder. Building the life that you want requires you to make goals that scare you, just a little. If your goals are more important than your fear, then you’ll be able to succeed in spite of a little rejection along the way.