RDI Podcast Ep 111: This week we start part 4 of The Millionaire Real Estate Investor by Gary Keller and read to pages 210-280.
Tag Archives: investing
RDI Podcast Ep 109: This week we start part 3 of The Millionaire Real Estate Investor by Gary Keller and read to pages 123-210.
RDI Podcast Ep 108: Charles Dobens and I talk about investing in multifamily apartments, starting later in life, anti guru business practices, and more.
Mark Tomes: a husband, father of 6, flipper, buy and hold investor, and wholesaler. By day he’s a buyer at an electronics company, by night he buys, fixes, flips, and rents real estate with his family. He started a real estate business as a way to teach his children about entrepreneurship, self reliance, financial responsibility, and making a bit of coin for himself.
This week I sit down with Todd Chunn to discuss how he got started in real estate investing, working for someone else, the marines, failure, and much more.
We can not wait to see everyone for fun during the RDI Savage Get Away 2018 at the new resort that Jeff Lipple bought in the UP! Charter fishing, sightseeing trips, water sports, hiking, bonfires, great food, games and more! This is a family event to have fun with some savages! See the FB event for more details!
Approximately seven months after funding my first deal, I learned of an urgent situation via facebook post. What makes this deal different than my last post? This investor is now a trusted partner. How? Present value with opportunity. Exceed lender expectations.
The paragraph below was posted on Facebook in a closed group with over 4,000 members interested in real estate investing. The poster asked for my feedback and gave me permission to share it in a blog post. Here are my comments.
Not all deals go perfectly well. The deal I am going to describe is one I was reluctant to do in the first place. Three things changed my mind. So What went wrong?
When presented with a deal, I want to say yes, but it is much faster and easier to say no. Have you established a relationship? Are you communicating in my preferred method? Is the type of deal a good fit for my current situation? Many factors contribute to deal acceptance; don’t give me a silly reason to reject yours.
This was in 2010, during the last real estate crash. I had never invested this way before. It was a couple months before I actually committed the funds for that first deal. My next deal with this borrower was 14 days later. I have completed dozens of deals since these early ones.
When I consider a loan proposal I evaluate the real estate that secures the loan. You control this part. I also look at my overall plans. This is the part of the equation that you can’t control. I find a situation that is a good fit for me.