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© 2024 The Creative BRRRR Strategies Podcast
Description
Ready to succeed in the Real Estate Investing Industry? Join us at ‘The Creative BRRRR Strategies Podcast’ to learn about investment strategies; ask questions and get answers from our community of Creative BRRRR Strategies members; connect with investor-friendly power team real estate players; and so much more.
‘The Creative BRRRR Strategies Podcast’ aims to help its listeners “make more sales and earn higher commissions by learning directly from real estate’s top performers.”
You will learn from up-and-coming real estate professionals Nationwide.
Boasting guests Nationwide, we will aim to ask the questions that matter and implement strategies that will help listeners make more money in real estate.
30 Episodes
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Joseph, a direct private lender in the asset-based lending space, shared updates about the company's offerings, which now include single family 30-year fixed loans, DSCR, and new construction loans of up to 90% loan to cost. He also mentioned that the company provides portfolio loans and unsecured business side accredited strategy discussions.Joseph discussed the current construction costs for real estate investors in 2024 and highlighted that the company offers a rehab construction budget sp...
Joseph underscored the importance of consistent and aligned goal setting for business success. He emphasized the efficacy of LinkedIn for professional connections and the importance of setting SMART goals - ones that are specific, measurable, achievable, relevant, and time-bound. Joseph, a private lender, shared his strategy of focusing on top metro markets and attending investor group meetings to meet around 100-200 people weekly. Joseph underscored the importance of setting reali...
Joseph underscored the necessity of a comprehensive understanding of the real estate market for successful long-term investments. He emphasized the importance of continuous professional development to stay informed about industry trends, merging technology, and best practices. Joseph also highlighted the significance of a thorough underwriting process, including a detailed assessment of the property and potential risks, and the need for collaboration with experts in the field.He stressed the ...
Joseph underscored the significance of exploring off-market opportunities and developing relationships with wholesalers in the real estate industry. He also discussed the need for continuous learning, marketing, and professional development for investors, as well as the importance of branding, networking, and a robust online presence. Joseph recognized the contributions of several individuals and entities, including Jordan Perkins, Communication 101, and Landmark Capital, and expressed his in...
Joseph shared his expertise on cost-effective and durable construction and rehabilitation strategies for rental properties. He highlighted the importance of prioritizing key areas, using energy-efficient materials, and providing quality fixtures and ample storage space. Joseph also discussed the significance of regular maintenance and safety standards.He differentiated between fix and flip and rental properties, advocating for the use of scratch-resistant and waterproof materials in rental pr...
Joseph discussed his experiences and challenges in real estate investment, including analysis paralysis, contract management, people management, property maintenance, self-management, and bookkeeping. He expressed concern over the lack of professionalism in presenting deals and the unrealistic expectations it creates. Joseph also highlighted the challenges of securing funding, maintaining accurate records, and the importance of an online presence. He introduced Justin, a Louisiana-based ...
Joseph and Jason discussed the Infinite Banking Concept, which Jason described as a tool to help individuals take control of their financial lives by managing their own banking function. Jason emphasized the importance of using properly structured dividend-paying whole life insurance from a mutual carrier to implement this concept. He clarified that Infinite Banking is not like traditionally structured life insurance and that it involves changing the way one thinks about their finances to bet...
Joseph led a discussion about the current state and future of the real estate industry. He expressed his excitement about a perceived paradigm shift in 2024 and highlighted the need for transparency, professionalism, and adaptability in the field. He also critiqued the National Association of Realtors (NAR) settlement, stating that it would make the market more competitive and force real estate professionals to be more transparent. Joseph also predicted a consolidation of associations and a r...
Joseph emphasizes the importance of comprehending investment strategies in real estate, understanding the market and financing options, and minimizing risks. He shares his passion for educating real estate agents nationwide and his belief in the significance of working with smarter individuals. He also stresses the need for careful location selection, expansion, and understanding the impacts of recession on properties. Joseph clarifies his specialization in commercial real estate loans a...
Joseph discusses his strategies for managing potentially negative situations in his work, emphasizing the importance of documenting issues before communication and providing a positive spin on negative news. He shares his experience in forming partnerships and joint ventures, but only agrees to those that make sense and require a time commitment. Joseph also highlights the importance of treating others fairly and prompt communication. He shares his preference for the commercial lending s...
Joseph, a real estate investor, emphasizes the importance of building relationships within the power team in real estate. He stresses the significance of respecting and mingling with investors and tenants, and shared his personal experiences of how these relationships have helped him navigate challenging times. Joseph also encourages attendees to engage in deeper discussions and maintain a good reputation in the industry. He also highlights a shift from traditional lending to asset-based lend...
Joseph discusses the current state of the mortgage market, emphasizing the importance of conducting thorough due diligence in properties, people, and paperwork. He highlights the surge in rental inventory due to multifamily development and mentioned the launch of an article on LinkedIn that provides strategies for due diligence.He also shares his recent experience in closing a property purchase, underscoring the importance of due diligence, particularly when dealing with tenants and their lea...
Joseph discusses the current opportunities in the real estate market for investors, highlighting the flexibility and potential for competition with institutional investors in the 2 to 4 unit development market. He emphasizes the importance of understanding the right market, tenant, and documentation, and advised seeking professional advice. Joseph also announced the launch of their YouTube account and his upcoming personal website. He also shared insights into current commercial and refinance...
Joseph discusses the importance of choosing the right loan metric for real estate investment. He highlights two essential metrics, the Debt Service Coverage Ratio (DSCR) and Loan to Value (LTV) ratio. DSCR assesses a property's ability to cover its debt obligations with its rental income, while LTV ratio represents the proportion of a property's value that is financed through a loan. Joseph emphasized the significance of DSCR in commercial and residential real estate investments, particu...
Joseph discusses the importance of transitioning from a fast-paced flipping strategy to long-term gains through holding rental properties. He emphasizes the need for deep market analysis, including understanding the local rental market, comparative market rent, and the properties' finishes. He also stresses the importance of buying properties at the right price and comprehending repair costs. He highlights the significance of having a clear exit strategy and understanding the financial p...
Joseph emphasizes the importance of honesty and transparency in dealings with loan officers and account executives. He outlines a basic rental and purchase checklist that includes factors such as market selection, property management, and necessary documentation. Joseph also stresses the importance of understanding the market and its growth potential, as well as the significance of education for first-time investors. He also discussed the process of obtaining a quote, the importance of k...
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